diff --git "a/reddit_finance_43_250k_125.txt" "b/reddit_finance_43_250k_125.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_125.txt" @@ -0,0 +1,10000 @@ +5. 12k+ TikTok followers +6. 6k+ Instagram followers +7. Growing Discord Members + +The most important part: you are still early! + +Safemoon Cash got on CG recently‼️ + +CMC? Still waiting + +CMC is always a huge trigger for any project but will be even more so for Safemoon Cash. The original Safemoon has been the most searched for crypto for weeks now on CMC. You do know what will happen when Safemoon Cash will be right up that search bar with them for CMC too, right? + +**Why is Safemoon Cash special?** + +Firstly, we are not the next Safemoon, rather, we are the 1st Safemoon Cash! + +Safemoon Cash is, in short, ownership-renounced, 100% community-driven project that will, inspired by Safemoon, bring a multitude of use cases to the world of crypto. Bitcoin Cash reached an ATH of 0.25 Bitcoin. The first goal is for Safemoon Cash to reach 25% of Safemoon’s peak market capitalization. + +**So why is Safemoon Cash different than Safemoon?** + +First of all: it is totally community-driven. Nobody 'owns it', as ownership of the smart contract has been renounced and they can't touch their LP. Safemoon has a manual LP and Safemoon Cash has an auto-LP. Also, their tokenomics are superior to those of Safemoon. With its high transaction tax, it’s the early holders of Safemoon that profit most. Every Safemoon Cash transaction incurs a 4% tax to the benefit of all. Safemoon Cash gives holders passive rewards (2%) through static reflection. 2% of each transaction is locked away in the Safemoon Cash liquidity pool, to create a steadily rising price floor. Safemoon Cash burned the liquidity after launching the token. + +**What has Safemoon Cash been up to and what's coming?** + +They got a very driven and talented team that's in it for the long run. They have already achieved a lot and are just getting started: + +1. Techrate Audit +2. Listed on Delta +3. Logo on TrustWallet +4. Listed on BlockfolioXT Exchange +5. Probit Exchange +6. Hotbit Exchange just announced + +Many more exchanges on the way! They are currently in discussions with, Whitebit, Huobi, and a few other MAJOR exchanges. + +They got endorsements from adult models **Sophie Dee (10.2M followers)** and **Richelle Ryan (3.2M followers)**, **4x Playboy cover Playmate Tayler Mercier (272K followers)** and **Playboy Playmate Yulia Foxx (355K followers)**. + +TikTok's from **Morgan Marshall (43K followers)**, **Alex Podulucky (45K followers)** and **Skyz (276K followers)**. + +Promotions by numerous Twitter, Tiktok, Instagram and YouTube influencers daily! Their marketing spend budget is MASSIVE! + +Young Troy (platinum producer) gave a shoutout on his song To The Moon. They made a video clip + +***Juicy J did his own shout-out today! (2.7Mill followers)*** + +Numerous giveaways. The current contest is for a chance to win 20k!! + +**Other use cases?** + +Yes! Safemoon Cash will within weeks introduce the Safemoon Cash Governance token (SMCG) and the Safemoon Cash Governance interface. SMCG holders, the community, can help shape the future of Safemoon Cash by influencing decisions concerning the project, such as proposing or deciding on new feature proposals (i.e. roadmap, hiring and staffing, charities, changes to governance parameters). Additionally, Safemoon Cash will introduce a yield farming protocol. It will be possible to farm the Safemoon Cash Governance token using Safemoon Cash. This will lock up Safemoon Cash, thus decreasing selling pressure and increasing liquidity. Furthermore, Safemoon Cash will introduce an interface on its website with the LP pool to easily add to the BNB/SAFEMOONCASH pair. + +**Introduction of SMC Governance token** + +In Q3 of 2021, Safemoon Cash will further increase the utility of its ecosystem by introducing an AMM contract to easily exchange/swap on its website. + +Further exciting use-cases/utilities on the way think “cash” component of our name👀 + +What do you think? + +Name of the coin: SAFEMOONCASH + +**Website:** safemooncash.org + +**Buy Link:** v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xf017e2773e4ee0590c81d79ccbcf1b2de1d22877 + +*\^ Use V1* + +**Alternative to buy:** bogged.finance/swap?token=0xF017E2773e4ee0590C81D79ccbcF1B2De1D22877 + +**GitHub:** github.com/safemooncash/SafeMoonCash + +**Medium:** safemooncash.medium.com + +**Twitter:** twitter.com/safemooncash + +Reddit: r/SAFEMOONCASHCommunity + +**Telegram:** t.me/safemooncash + +**TikTok:** tiktok.com/@safemooncash + +**Discord:** discord.gg/6RAdMdXQ + +**Instagram:** instagram.com/safemooncash +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm sure this is preaching to the choir, but if you don't already have an account at a credit union, you *really should* open one. + +I opened a Savings account at a local credit union ten years ago with $25 in it. That's the minimum to open an account. + +Six years ago, when I was looking to refinance my house, the bank I'd used for a decade refused. My credit union approved it. + +Two years ago, when I was shopping for a loan to pay off high interest credit card debt (divorce lawyers are expensive, y'all), no bank would touch me. My credit union got me a sweetheart deal that not only cut my payments in half, but cut my interest almost tenfold. + +This past *monday*, when I was sweating bullets over how the fuck to pay for the repairs to my house that insurance refused to cover, I called my credit union at 9am to discuss options. By thursday, I had a HELOC approved. + +I'm in the process of switching all my day to day banking needs to my credit union as we speak- but just for context, that $25 ten years ago has saved me, just in interest on *other loans*, almost $40,000. + +Credit unions, y'all. +I have been repeating this over and over,we have to lock the float or get the NFT dividends,there is no other way! If the company issues NFT what could happen but realistically I don’t think this is their top priority right now,we will find out the truth.. But if not,the ONLY way to fight is to lock the float.. We can buy as much as we want,we can write hundreds of complaints to dirty Gary,it won’t help.. They are all together in this! +Honestly there is not about the money anymore,I am prepared to lose it all but I would rather die then sell until those cockroaches end up in jail! + +I really hope GameStop is seeing this similar as we are and realize we can’t go forward with criminals on our back! + +We ain’t leaving!! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +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! + +All those shares that were sold short after Apr15th could not vote BUT also have to be bought back! +If voting numbers are not over one bazillion, remember that. Fight the FUD. + +Go vote. + +I need more characters. I don’t have anything else to say really, but since I need more words I want to wish you all well. Stay safe during stressful times, take care of your health. Drink water, there’s not much of it on the moon, so enjoy the Earth variety. + +Mandatory: 🚀🚀🚀 +Never thought I'd post something similar on reddit but here we go. It's just that I need someone to share with. + +Life was never this way. I had an online gig that was making me enough to live and even save some. + +After the pandemic, the gig went from $xxxx monthly to an absolute 0. + +It was really frustrating at the start since that was the only incomne we had (me and my fiancee as we live together) + +We are renting a flat for around $500 and its been 10 months now since the rent is due. The landlord is an absolute amazing and understanding person but he is still a human. + +I managed to score some small gigs (web design and community managment) but that was bringing less than the monthly rent. (I live in a 3th world country and this is the best we can get payed, it also explains my bad english so sorry about that) + +I tried everything that I can do. But nothing works. We were going to marry last year but completely canceld it as we simply have no money for it. + +We came from very modest families and we were the ones helping them before, so u can imagine how it turned out to be once I started to ask for help (one of the hardest things I had to do in my life). + +At this point I'm completely lost. + +I managed to start something recently (a digital platforme in my country dedicated to real estate, but these kind of stuff require budget and going out speaking to people, which I can't find motivation to do since for me everything won't work as the rest. + +You may ask why I started this post. Well I just wanted to have this posted somewhere as I keep telling myself that I'm a strong person but I needed to have this out of my chest, this is the first time I talk about this. +Browsing reddit, see a lot of people asking what sell walls are, and an equal number of people giving a poor explanation of their actual purpose. I was going to reply in a comment, but I feel that a lot of people can benefit from a short write-up on them. + +#What is a sell wall? + +A sell wall is a tool used by a rich individual,or group of rich individuals, to manipulate the price of a stock downwards. A large sell order is set at a specific price by the whale(s) to prevent higher sell orders from executing. + +A sell wall looks like this on the depth chart: http://brettwestbrook.com/wp-content/uploads/2017/07/Screen-Shot-2017-07-12-at-12.58.10-PM.png + +###How does it work? + +This is best explained as an example. + +A wealthy person, we will call him Richard, tells a group of his wealthy friends that he wants to make money on a particular stock. This could be for a number of reasons such as: + +* The stock has a lot of room to grow +* The stock can be easily manipulated +* The stock has a lot of potential to get big in the near future + +Richard and his friends decide that it's a good idea. They all want 1 million of X cryptocurrency. *Unfortunately, in the cryptocurrency market Richard and his friends can't execute all the buy orders at once or the prices will skyrocket!* + + +To achieve 1 million obtained goal, they decide to set up a sell wall, and manipulate the price downwards. They do this in steps: + +1. They accumulate together. They will maybe get 250,000 of X crypto each. In their specific market, this didn't affect the price that much. Great! + +2. They now set a specific price they feel is low enough for them to be able to reach their 1m X crypto goal. For this particular crypto they decide to all sell their obtained crypto at $2.40. + +3. Now, between Richard and the group, there is >1 million dollars worth of X crypto selling for @2.40 on the market, a seemingly undervalued price.There is SO much volume being sold now, buying pressure cannot eat through that wall in a reasonable time frame - it would take a very high buying pressure to do so. + +What also happens next is the key: nobody else can sell above that sell wall price until it's gone. The result? People need to sell lower than the sell wall in order to liquefy their stock. This drives the price downwards. + +Richard and his friends can now safey all get to their 1m X crypto mark without raising the price exponentially! When they decide to rid their sell walls the price moves up accordingly! + +##How can you use this to your advantage? + +A common thought is that the main goal of a sell wall is to instill fear into the weaker hands so that they sell by the thought that "Oh no everyone is selling!!" While it's not the main purpose, it probably does happen a little bit. People get nervous when things a large volume of crypto is being sold. + +As Warren Buffet said: *Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.* + +For a real life example: + +VECHAIN. + +For those that don't know, about a month ago vechain was sitting around 29 cents. They had a pretty large announcement that was, yes, front page of reddit. The price nearly doubled to 70 cents (it actually happened right before the announcement). + +What happened after? Some people bought the rumor and sold the news. But, this news was really big. Masternodes, rebranding, big partnerships. Ask any VEN holder why the price didn't continue to rise after that and they will probably know why - price manipulation with sell walls. + +Such as: https://i.redd.it/bjaubsgn04601.png + +VECHAIN has had a lot of new partnerships, announcements, and generally great news to propel the crypto further, but has been held back by these sells walls constantly. Just recently buying pressure has been very high and the whales have been having trouble controlling it they way they would like. + +That's a real example of what has been happening. Take a look at roadmaps and see where different projects are at in development. Are any projects getting seemingly great news without moving in price? + +What about REQ? We saw a couple of front page posts about REQ moving to main net, quality pictures from the UI, etc etc. REQ was fairly stagnant around 30 cents before slingshotting to 80 cents in nearly a day. Sell walls and price manipulation.This field is speculative so any news drives buying pressure. Unfortunately, the very wealthy have a say as well. + +Look for great projects and determine if they solve a need. Look to see what's hitting the media's spot light, such as the front page here. **THEN take a look at the depth charts on the exchanges.** In crypto anything goes, and you better believe the very wealthy have difficult to obtain knowledge. When you see these obvious sell walls, you want to investigate and try to identify any trends. + +Perhaps you can look at **volume** of a cryptocurrency. A stagnant crypto with LOTS of volume is a huge indicator, sideways consolidation. Ripple did this for a few weeks, even months at certain stages. + +Once you find one that looks good - **you'll need to hold at the mercy of the whales.** Trust me, they want profit more than you do. The wait is almost always worth it because price will rise very rapidly once selling pressure is completely abolished. + + +Hope this helps guys. + +P.s. I’m not a financial consultant, this is just helpful information or fun facts if you will. +Hi everyone. My girlfriend and I recently started investing. We read the millionaire teacher and watched Canadian in a t-shirt and started buying ETFs. Recently she invested 500 cad in unity. I thought this was not a smart move as unity has been going down quite a bit and we can't be sure where the company will be. My girlfriend being a cynic and distrustful of the whole financial system, thinks that having only 10% of her portfolio in etfs and the rest in stocks from companies she thinks will perform well is a good choice. According to her BlackRock and vanguard are very evil cpanies that already have a lot of money and can manipulate the markets as they wish. She said of these two companies decide to crash the ETFs there won't be any consequences for them. I agree with her on the fact that these two companies don't really give a shit about people and that our system is flawed. But I also think that to have a proper long term investment with minimal effort ETFs are the way to go. She said ETFs are not diverse because we are buying them from two companies. I don't know enough about investment to make a proper counter argument with facts. Help me please. Am I wrong? If I am tell me, if not, how can I actually show her with data that ETFs are as diverse as it can get and that BlackRock and vanguard cannot just fuck people over that easily. +Hedge Fund Melvin Capital Posts First-Quarter Decline of 49%2021-04-09 19:52:34.566 GMT + +By Hema Parmar(Bloomberg) -- Gabe Plotkin’s Melvin Capital Management, the hedge fund that lost billions of dollars in part by shorting GameStop Corp. shares, **ended the first quarter down 49%.** Melvin slid 7% last month, according to people with knowledge of the matter, after gaining almost 22% in February. In January, the fund dropped 53% on GameStop and other short bets. A spokesman for the firm declined to comment. +We purchased our home in February this year and have put a significant amount into it, fixing things that needed doing up. My fiance is calling off the wedding and wants to split up but doesn't want to talk about what we are going to do with the house. She says she doesn't want to sell it in a bad market or rush anything. + +I can't imagine we would get what we paid for the place if we sold. Do I have any options besides selling? If I were to buy her out how would that work? Would I even be able to with rates moving so far since we purchased? For reference I put up 85% of the deposit. +What sort of signals or signs will be evident that we are in a housing crash or that we have crashed? + +I'm a long term ETF investor and my number 1 rule is to not try time the market and just buy when I have the funds to do so. Does this principle carry over to buying a property? + +I'll be ready to buy early next year and occupy the house, not looking at interms of an investment. + +Lastly, with a decrease in house prices and increase in interest rates, the morgage repayments will probably not change a whole lot from where they would sit at the moment, correct ? +How would you handle 200,000 dollars to maximize future returns? I inherited a life insurance policy and am attending medical school. Should I pay my tuition and living expenses to minimize debt, or should I invest to make my money work for me over time? +My current strategy has been putting everything into growth stocks (mostly VOO) for 10 years or so and then after it's grown over the long term, sell it and then hopefully by then I can buy enough dividend stocks to have a nice source of passive income. + +Is this a good strategy? Any things to consider? Any strategies when selling the growth stocks for tax purposes? +Was there a certain point or NW that you achieved when you finally felt more comfortable spending money or taking more financial risks? I’m 30 with a NW close to $1m but I’ve been frugal my entire life to the point where I’m too nervous to take certain investment risks or even change my spending habits from what they were when I had a NW of like $50k. Did any of you experience this as your net worth grew? + +This came about because tonight I went to a casino for the first time in a long time and lost $180 playing blackjack I literally felt sick to my stomach even though logically I have a net worth that shouldn’t cause me to feel this way but this happens anytime I spend money. +I just saw a commercial for a nationally known tax preparer that said, "Next year, your tax refund won't arrive until after February." As if this was some new timeline we've never experienced. + +This is absolutely normal. Your employer has until January 31st to mail your tax docs. + +They are only trying to sell you on taking a loan at 35.9% APR! (Per the fine print i just read.) + +You are giving up much of your return just to satisfy a fear created only by advertising. + +1) You can probably file your own taxes easily and cheaper unless you have something significant in your portfolio. + +2) Just wait on your return, if you use a tax preparer. (With direct deposit, it will likely be there quickly anyway. ) + +3) If you're (typically) getting a (large) refund, make an adjustment to your tax withholding so you can use that money when you need it through the year rather than giving the government an interest free loan while you struggle to budget. + +Edit (words) +Hey everyone! I just wanted to share some charts I colored on to give you conifrmation bias on all of these bullish Theories. \*I am retarded and eat crayons\* + +&#x200B; + +[This is the 1 day chart](https://preview.redd.it/8a97gpn9a9i81.png?width=1427&format=png&auto=webp&s=3f6dd57c5f2231ec0aa5944a46972aec2f9ab1af) + +GME has been slowly climb up after it broke out of the descending channel it has been in the last several week. + +Right now it is at the top of the bolinger band indicating that a bull run is upon us. + +MACD (purple) is trending up and about to be positive (bullish) + +Stochastics (pink) is flatening and looks like its going to go up with the the MACD + +Accumulation and Distrobution -A/D (orange) this is trending up + +Aroon Oscillator (blue) is also trending up + +The PSAR (the little blue hash's above and below the candles) has flipped confirming this bullish trend + +&#x200B; + +[This is the 1 week](https://preview.redd.it/u2m8ericb9i81.png?width=1442&format=png&auto=webp&s=56d96c64fd5451c0378fff400e656e06608f8f23) + +The purple circle is showing something I think is very imporant on the MACD. The last time GME was positve on the MACD on the 1 week chart was 5/24 last year before a big run up. I believe when this flips positive we will be seeing GME have HUGE gains. + +Given how everything is I think the PSAR can flip over next week! + +Stochastics (pink) is trending up and diverging + +A/D (blue) is trending up + +and Aroon osc is trending up as well + +&#x200B; + +For those that are unfamiliar with the indicators I use here they are. + +**Bollinger Band** \-is a technical analysis tool defined by a set of trendlines plotted two[ standard deviations](https://www.investopedia.com/terms/s/standarddeviation.asp) (positively and negatively) away from a [simple moving average](https://www.investopedia.com/terms/s/sma.asp) (SMA) of a security's price. + +Bollinger Bands were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought. + +**Parabolic SAR** attempts to give traders an edge by highlighting the direction an asset is moving, as well as providing entry and exit points. This can find potential reversals in the market price direction of traded goods such as securities or currency exchanges. It is a trend-following (lagging) indicator and may be used to set a trailing stop loss or determine entry or exit points based on prices tending to stay within a parabolic curve during a strong trend + +**Moving average convergence divergence (MACD)** is a [trend-following](https://www.investopedia.com/terms/t/trendtrading.asp) [momentum](https://www.investopedia.com/terms/m/momentum.asp) indicator that shows the relationship between two [moving averages](https://www.investopedia.com/terms/m/movingaverage.asp) of a security’s price. The MACD is calculated by subtracting the 26-period [exponential moving average](https://www.investopedia.com/terms/e/ema.asp) (EMA) from the 12-period EMA. + +The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence (MACD) indicators can be interpreted in several ways, but the more common methods are [crossovers](https://www.investopedia.com/terms/c/crossover.asp), [divergences](https://www.investopedia.com/terms/d/divergence.asp), and rapid rises/falls. + +**A stochastic oscillator** is a momentum indicator comparing a particular [closing price](https://www.investopedia.com/terms/c/closingprice.asp) of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a [moving average](https://www.investopedia.com/terms/m/movingaverage.asp) of the result. It is used to generate [overbought](https://www.investopedia.com/terms/o/overbought.asp) and oversold trading signals, utilizing a 0–100 bounded range of values. + +**Accumulation/distribution indicator (A/D)** is a cumulative indicator that uses [volume](https://www.investopedia.com/terms/v/volume.asp) and price to assess whether a stock is being accumulated or distributed. The A/D measure seeks to identify [divergences](https://www.investopedia.com/terms/d/divergence.asp) between the stock price and the volume flow. This provides insight into how strong a trend is. If the price is rising but the indicator is falling, then it suggests that buying or accumulation volume may not be enough to support the price rise and a price decline could be forthcoming. + +**Aroon indicator** is a [technical indicator](https://www.investopedia.com/terms/t/technicalindicator.asp) that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. + +The indicator consists of the "Aroon up" line, which measures the strength of the [uptrend](https://www.investopedia.com/terms/u/uptrend.asp), and the "Aroon down" line, which measures the strength of the [downtrend](https://www.investopedia.com/terms/d/downtrend.asp) + +&#x200B; + +&#x200B; + +TLDR: Every indicator I use is Bullish and showing that GME is going to go up + +TARD: Moon soon + +&#x200B; + +https://preview.redd.it/ceys0fzbg9i81.png?width=515&format=png&auto=webp&s=81795e0955f853edd35f82bca91f29efecbf9672 + +&#x200B; + +Edit: I like this data u/RocketTraveler pointed out + +"I’ll add that the weekly MACD is looking prime to flip next week from the **negative territory**. This adds more energy/momentum than if it simply flips while already in positive territory. + +Last May we had a flip in positive territory. The last time we flipped on the weekly from negative territory was all the way back in April 2020 at $4 per share. + +If we moved from $180 to $345 on the “weak” cross, imagine how far we’ll move from the current cross " + +&#x200B; + +Update 2/17 + +&#x200B; + +[This is the 1 week.](https://preview.redd.it/sndan8zojhi81.png?width=1560&format=png&auto=webp&s=df21c9a3ef1873dbc2d376b3d84f2146d1c322af) + +My analysis is on a weekly basis. nonething has changed and everything still looks extremely bullish +**TLDR: Many** ***investors*** **in this sub are having their first emotional ride with an investment so use this as a lesson and a good reminder why Warren Buffett always says TEMPERMENT is the most important factor in making money. Keeping holding and relax.** + +With a lot of chatter going around and some excellent DD being shared with lots of technical analysis there still seems to be doubt as to 1) If the squeeze is happening, and 2) How to capitalize on it. Please spend a few minutes reading this so you're more informed as a trader (even if this is your first time being a trader). This is not a technical analysis but more a plain English guide: + +1. **Crazy price volatility:** I think this one is self-explanatory but if you're wondering what price volatility looks like go check out a Google chart from the past week or so. A stock moving up 20%+ day after day after day is not typical. +2. **Those who stand to lose the most go on the offensive:** At this point it is fairly well established that WSB has many user accounts being used for a variety of purposes, but at the moment many of those accounts are trying to drum up emotional responses to counter the short squeeze. People hyping new tickers with far less short-term upside, saying that the facts are not true (remember kids: you're entitled to opinions but not your own facts). +3. **Those who stand to lose are taking MULTI-BILLION DOLLAR life lines:** Again, this so self-explanatory but yet still not all of us believe that a squeeze is happening. During the 2008/2009 crash there were MAJOR US BANKS that were getting $2-5BN in bailout money to prevent the entire economy from collapsing. Yesterday a relatively small hedge fund posing ZERO systemic risk took a $2.75BN bailout that without it would have likely seen them disappear from the system with ZERO impact to our greater economy as a whole. +4. **Confusion:** Have you noticed that some of the "smartest guys in the room" can't seem to agree on television and in the media as to what is going on?? If you actually believe that there is some debate going on amongst the experienced and elite Wall Street types then there may be no hope for you in life. Con artists prey on the gullible and you will be a slaughtered sheep soon. +5. **Just f-ing hold if you like money!!:** If the above four bullet points haven't convinced you then nothing will so just sit back, relax, and let the men do our work. If your wrists get weak and your paper hands get so feeble that you sell at these low prices then we (the real men of this sub) are better off without you owning the stock anyway. AND STOP BUYING OPTIONS YOU STUPID IDIOTS! Calls were great to have bought in 2019, even into mid-to-late 2020, but the price you're paying for them now is a rip-off. AND, the volatility on the price means your chances of losing money have never been better! + +Warren Buffett has famously said at multiple shareholder meetings that he doesn't want people owning Berkshire stock if they're the type of *investor* that trades in and out of positions. He wants long-holders, people that believe in the mission of the company, believe in the management, and want to get wealthy, NOT RICH. + +**You might be in the middle of something that will not happen to you again EVER in your investing life, or perhaps only a handful of times from now until you retire. Don't screw it up by thinking that jumping off the fastest moving train, and one that is unique and a statistical anomaly, is going to happen again on some other ticker that has gotten the unfortunate meme status that the elite are trying to trick you into right now.** + +NOK, BB, and others may all go up in the future and if you want to invest in them then you should wait. How long?? Who knows. And who cares?!?!? You're probably in your 20's or even teens, you have plenty of time to invest in many good companies in your lifetime but quite likely NONE will go through this kind of movement over a period of a few weeks and if you sell now (you paper handed p-ssy) you will never forgive yourself. HOLD, be patient, let the shorts bleed themselves to death, and in the meantime go focus on something other than Reddit! + +Good luck to all. + +***EDIT: I somehow forgot to add positions. In keeping with the suggestion of others not to broadcast exact holdings (don't show the enemies your positions!) I will just say I have a high six-figure position of SHARES ONLY and I haven't even thought about selling for a moment. This is not my biggest holding and my life won't be changed whether it eventually settles at $50/share or $500/share and YOURS WON'T EITHER SO BE STRONG.*** + +***EDIT II: Stop calling it a "Loss" if you bought at $X and it is now below $X. An actual loss has not occurred until AFTER you sell, and if you don't sell then you won't lose. It is not more complicated than that. Seasoned investors (which are on the other side of every trade that you do) rely on you being emotional because they are using a computer with no emotion at all. Don't be the sucker and don't actually lose money when instead you could actually have a gain!*** +I’m currently 21 years old and am pursuing a career as a electrician. I don’t have very much debt (around 2k) which would be easy to pay off once I start working as a apprentice and I want to use real estate investing to achieve FI. +Agree with me or not I’m tired of seeing every other post being about GameStop and AMC constantly on this sub. I know it’s been in the news a lot and this is about the stock market as a whole but I feel like this has become a lesser version of WSB. I used to read insightful news and posts about stocks in here but now all I see is GME AMC and other pump and dump meme stocks here. I mean this sub has changed so much we need limits on what can and can’t be posted. Idk maybe I’m the only one but I just miss the old subreddit before all this GME hype. Down vote this if you want but I feel like this sub hasn’t changed for the better. +&#x200B; + +https://preview.redd.it/lb5ikxhieu171.jpg?width=700&format=pjpg&auto=webp&s=2c9b640b67832942b459dae3e450158b4929bbbf + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/6mdyrgkleu171.png?width=2000&format=png&auto=webp&s=591f932dd7773dc0d3301b2a547e3e951f94e7f7 + +The Australian Mutual Provident society (AMP), was formed in 1849. It started out as a non-profit insurance company and mutual society. In 1998 it was listed on the ASX as a public company. For over 170 years AMP has provided insurance, banking, and wealth management, as well as has been a huge investor in real estate and infrastructure capital. + +As part of their wealth management business, AMP manages large superannuation funds. At the start of 2020, between their 'Superannuation Savings Trust' and the 'Wealth Personal Superannuation and Pension Fund' (which they run), AMP served 1.8million super members across Australia. With 100 billion in assets at that time, it would have put them in the top 5 super providers by asset value. + +According to Wikipedia, AMP also has one of the largest shareholder registers on the ASX exchange (ouch!). Currently, they have over 700k different shareholders on the books, of which more than half own less than 1k shares. + +# The Checklist + +* Net Profit: negative in 2 of the last 5 years. Bad ❌ +* Outstanding Shares: significant cap raise 2019. Bad ❌ +* Revenue, Profit, & Equity: sharp decline last 5 years. Bad ❌ +* Insider Ownership: 1% w/ some buying, but major sell by CEO LY. Bad ❌ +* Debt / Equity: 652% w/ Current Ratio of 0.1x. Bad ❌ +* ROI: 7% Avg L10Y w/ 0.6% FY20. Bad ❌ +* Dividend: 18% yield 10Y Avg Yield w/ 0.0% FY20. Bad ❌ +* BPS $1.24 (0.9x P/B) w/ NTA $1.06 (1.1x P/NTA). Good ✅ +* 10Y Avg: EPS 20.8cents (5.6x P/E). Good ✅ +* Growth: -15% Avg Earnings Per Share Growth L10Y. Bad ❌ + +&#x200B; + +**Fair Value: $3.28\^** + +**Target Buy: $2.29\^** + +^(\^These prices are based on figures for what is fundamentally now a different business, as they include figures from insurance unit, which is now sold. This historical fair value & target buy price have no real relevance other than to give us a general idea on what the business used to be worth, on average.) + +If anything, the above quick checklist really brings home the point that a business should be evaluated on more than just its basic valuation metrics. By nearly all counts, this is a terrible business to invest in. However, working off stuff like EPS and BPS exclusively, it would seem one is getting a great deal. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/g3gt5osdfu171.png?width=961&format=png&auto=webp&s=79d67e45a99bf1cc4c5f2291984a7ce7894ec3d5) + +At it’s all time high in 2001, AMP’s share price rose as high as $16 a share. AMP's fall from grace for the share price itself has evidently been long and arduous. + +This decade, AMP enjoyed a more recent high in 2015 of over $6 a share. At that point, AMP’s market cap was just under $20 billion, and they were considered one of Australia’s top 20 largest public companies. Indeed, they were a member of the S&P/ASX20 index up until 2018. + +Early 2018 marked the year of one of AMP's most dramatic collapses. Investors who had bought in the years leading up to that point, would at the close of Friday at $1.17 (28th May 2021), be down anywhere between 70% and 80% of their investment. Even had they bought AMP 1 year ago today, they would still down 30%. + +# The Diagnosis + +The Short Answer: The Royal Commission on Banking & Super funds dealt a serious and maybe fatal blow to AMP’s reputation in the market. + +The Long Answer: AMP’s business is a cluster fuck and appears to have a major management and culture problems. These problems are quickly destroying a business, which had already been struggling for the last couple of decades. + +**Banking Royal Commission** + +&#x200B; + +https://preview.redd.it/x9en6u6wfu171.png?width=3500&format=png&auto=webp&s=236dfac144d12c07f2066bd468a5e976cca395e9 + +At the end of 2017, the Australian Federal government launched a royal commission into the misconduct in the banking, superannuation, and financial services industry. What they found were many instances of abuses by banks and financial institutions. Not many in the industry spared criticism of the commission, but perhaps the most damaging of these findings were the revelations that AMP was charging clients for financial advice that was not being provided. + +The widespread and systematic nature of AMP’s fee charging regime was no mistake, was not isolated, and had been occurring for many years. Direction for the illicit behavior appeared to have gone right up to some of the top echelons of management. On top of all of that, AMP were found to have mislead the ASIC on multiple occasions. The CEO of AMP at that time, Craig Meller, resigned. Many other board members also resigned in the years since, as the organization has struggled to try to renew its image and turn around the sinking ship. + +**Class Actions** + +https://preview.redd.it/mhiss3h7gu171.png?width=2400&format=png&auto=webp&s=c2ff71d13a271eff78875bdef924bcbf47fbf337 + +The commission proved to be only the opening salvo. A dogpile of plaintiffs emerged to take a bite out of the disgraced business. Several class action suits launched against AMP. Shareholders suing for loss of value in light of ASIC misrepresentations; insurance customers accusing AMP of overcharging on premiums; and former financial planners alleging breach of contracts. I believe of these the planner suit is still ongoing. Regardless of the tangible costs, perhaps the more long-term cost has been to exact an even steeper price from AMP’s already damaged reputation. + +**ASIC Lawsuit** + +The latest of the developments is the very recent news this week (27th March) that the ASIC has lodged a suit against AMP for allegedly charging premiums to dead people. They claim that AMP charged life insurance premiums and advice fees to more than 2000 deceased customers. Further, they alleged that AMP knew that these fees were being charged but did not try to fix the issue. + +&#x200B; + +[Like... a lot of them.](https://preview.redd.it/yzahhp2igu171.png?width=736&format=png&auto=webp&s=a09d64e4ec07bbb2673fddda4309c7f83937fb3d) + +Honestly, trying to comprehensively assess all of the negative news regarding AMP has been almost impossible. The more I dig, the more I learn of some other major development in this saga. If anything, the latest news of charging dead customers is just more fuel on the burning dumpster fire that is AMP. + +# The Outlook + +Not good. + +&#x200B; + +**Demergering the Businesses** + +Coming away from the Royal Commission, the major strategic direction of the new CEO and AMP’s management appears to have been to split up the business and sell off the viable parts. The first of which was their then loss-making insurance business. After 170 years in insurance, AMP sold the arm to Resolution Life, a Bermuda based company, for $3 billion. The irony is that they had to conduct a $650million capital raise just to have the funds necessary to piece together the demerger. + +Originally the plan was to include the New Zealand based wealth management business in the sale, but that later was cut from the deal. It’s not clear to me which party decided to walk away from that portion. Though AMP has still broadcast intentions to offload their New Zealand business unit eventually. + +&#x200B; + +[Tis but a scratch!](https://preview.redd.it/7uah7k1lgu171.png?width=960&format=png&auto=webp&s=ccb766053fe9d786047ed4d3448523b2c68ce4c6) + +This year, AMP was preparing to sell a majority stake in AMP Capital (their infrastructure and real estate investment business) in a deal with Ares, a private equity firm in the US. This is after Ares initially looked to purchase AMP outright. Both deals have thus far fallen through, however. Since then, AMP has offloaded some of the individual capital investments to other firms like Lendlease. + +These moves seem almost desperate, but when you look at their balance sheet, you can see why that might be the case. Their long-term debt is 600% larger than their total shareholder equity. Their current liabilities amount to about 25billion, while they only have about 3.3billion in current assets to cover those with. + +Ultimately, AMP has indicated that they want to reduce the business to the Banking and Australian Wealth Management units only. Though that assumes AMP can complete its transformation plans without going insolvent first. The way things are shaping up, I could very well see the Banking side being cut away as well in a fire sale. Either way, when everything is said and done, there will not be very much left of the original Australian goliath. + +**Financial Planning Industry** + +What little is left will be heavily focused in an industry that has long been in decline: financial planning. Part of this decline is a changing of standards. One result of the commission was the federal government setting up FASEA (Financial Adviser Standards & Ethics Authority). New rules coming into effect will increase the level of qualifications required to continue to operate as a financial planner. This will provide further barriers for new planners, and likely push some portion of those currently practicing out of the business. + +&#x200B; + +[Phasing in new qualification requirements](https://preview.redd.it/11fc660qgu171.png?width=1600&format=png&auto=webp&s=0b348f422831ef6fcf54f5666921986e5bc160c8) + +Though, I think the writing has been on the wall for a long time as far as that goes. If anything, it will only hasten a decline that was well underway years prior to this. AMP had been cutting back heavily on their roster of financial planners for years even prior to the Commission, and things have only gotten worse since. Indeed, Friday (28th March) it was announced AMP plans to cutting an additional 20% of its staff to ���streamline” the business. Stinks of last ditch effort to stay afloat though. + +# The Verdict + +I think AMP’s troubles extend far beyond simply a damning Royal Commission report and a gradual decline in an industry. If AMP’s long-term strategy is to reduce the business to core banking and financial planning, then it leaves them in a strange position. Financial planning is essentially commoditizing advice. Banking is the safeguarding of other’s money. They are both industries that rest upon a foundation of trust. + +&#x200B; + +[Photo from The Australian](https://preview.redd.it/fxfyb6hvgu171.jpg?width=1280&format=pjpg&auto=webp&s=2cb5bf78206152dcdd65e9d476ee11545b040bc9) + +With AMP’s name sullied by a string of accusations of unethical behavior, they’ve become a pariah of the industry. I expect they will struggle to build on their client base, if they survive at all. The only optimistic angle I can find is if the wealth business is completely sold off and rebranded. And that evidently is not off the cards. AMP’s name itself may be the ultimate casualty of management’s questionable activity over the years. + +# The Target + +But let’s ignore all that for a moment and try to value this business as sits now. It turns out that is somewhat difficult. Part of the problem is that the business has been split of from their insurance business at this point, so the consolidated historical figures are largely irrelevant. So, to give it a proper valuation, we need to base it on estimates of AMP in the future. However, that is also clouded owing to an uncertainty over what will actually remain after the business is fragmented and portions are sold off. + +That being said, we can get a baseline by limiting our focus only to the business segments that AMP have claimed they want to retain in the long term: the Australian wealth management and banking businesses. + +Determining book value is also tricky, given a bulk of its assets are likely tied up in AMP Capital. Though, maybe we can use a rough estimate taking the FY20 equity ($4.27billion) and discounting it based on the proposed sale of a 60% stake in AMP Capital earlier in the year (at $1.35billion). This works out to be a $2.25billion grossed up value, which is just over half of their current book value. + +Dividends would change long term as well. However, AMP has not paid any dividends in the last couple of years, so leaving them out of this evaluation seems appropriate. + +&#x200B; + +[AMP FY20 Annual Report](https://preview.redd.it/cxwo3627hu171.png?width=997&format=png&auto=webp&s=d4ab9e02677c54caa007663c51a4489d50c13700) + +Working off FY20 figures, AMP Bank in FY20 made $401million in revenue and out of that achieved a NPAT of $119million. AMP Aus Wealth Management in FY20 made $1,062million in revenue and out of that achieved a NPAT of $110million. Combined it comes to $1,463million revenue, $229million NPAT, and $2billion in equity. With 3,436million outstanding shares one gets the following stats: + +&#x200B; + +* SPS 42.6cents +* EPS 6.7cents +* BPS 58.2cents + +This would give us revised long term price targets of: + +**Fair Price (Long Term) - $1.09\*** + +**Target Price (Long Term) - $0.88\*** + +\*Keep in mind, these price targets fail to factor in any additional fines and damages coming out of the currently unresolved lawsuits, and the result of those could be quite significant. + +# The TL;DR + +The Banking Royal Commission turned out to be catastrophic for AMP, when it found that they had been ripping off customers for years and misleading the ASIC to boot. Since then, an army of skeletons have been jumping out of AMP’s closet, further driving a stake into the heart of this dreadful business. AMP’s problems are not structural *per se*, but the business appears to have an unrepairable internal culture and hopeless (to put it nicely) management. + +One might be able to try to piece together the wreckage and find a fair value off what will be the core business when the dust settles (Wealth Management and Banking). I personally think the only opportunity for those holding this stock now is a complete breakup and sell off of the company. Luckily for them, this appears to a real potential, with a deal nearly getting done with a private equity firm earlier this year. + +If so, there could be a light at the end of the tunnel for bagholders. In 2020, the USA listed Hertz car rental company announced that they were filing bankruptcy. Despite this, many people continued to buy their, at that point, $1.00 shares. The gamble paid off and shareholders are now set to be paid $8 per share when the company is sold off to two investment firms. Could AMP present a similar opportunity? It isn’t clear. I feel bad for all of the bagholders that have been stuck holding this train-wreck, and so I hope it works out for them. + +Talks with private equity had the business as a whole potentially being sold for $1.80 per share. However, there’s still a lot of baggage with potential additional external costs from fines and lawsuit damages that would erode this value. Personally, I wouldn’t put $1 dollar into this stock under the circumstances. But if I were game for a punt, I’d be waiting until the share was well below the net tangible book value ($1.06) before I even considered it. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on AMP and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TGR, IFL, RFG, TPG, RBL, CGF, NXL, URW, IPL, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +As of 7:50 CT the S&P futures are up +72.75 to 2555.12. What are the drivers behind this? OPEC + meeting moved to Thursday. Boris Johnson gets hospitalized. The only thing I can think of is a model predicted the virus would peak in New Orleans, New York and Michigan in 6-7 days. Any thoughts? +I think there is not much upside to the broader market from here and hence my strategy on staying in cash. If you know of any investments that make sense, any help would be appreciated. +Ortex came to us. Two years into this saga, over a month since activating their Reddit account. And they reached out to the mod team for verification 16 hours ago…. Before the events of today? For what reason? + +To be ready to go when the shit hits the fan and cut us off at the pass? Bring the whole convo to this suppressed community. And keep it off the major airwaves (Twitter and the like) where all kinds of people might take notice? + +Seems sus to me. +I am a 37f teacher. I’ve been at my job for 7 years now. I have tenure and every year my pay increases. I make $5000 a month. My monthly expenses are $3000 a month. I have 7k in savings. My car is paid off and I have one more credit card with a balance of $2000 I’m working on paying off. In the last three years I have paid down about $5000 and in cc debt and this is my last one. I pay into a retirement by the state but have been told I should also be Paying some money to another account (can’t remember the name). I have two goals: 1. Buy a new car 2.save for a home. I hope to buy in maybe two years. I’m putting $1500 monthly into my savings. The only other debt I have are my school loans totaling $50,000. My car is not working well and the last round of repairs cost me $1500. Since I just repaired it, I thought maybe it would be a good time to sell it and buy a new car. I’ve never owned a newer car and would like to finance a loan for about $20000-$25000. Is this a wise choice given that I may also take out a home loan in a few years? Also the fact I’m still carrying a little bit of debt? Is there anything else I should be doing? I’ve never been good with money and just in the last two years have started saving and paying attention to my savings and Paying off cc debt. Also my credit score is 720 if that helps any advice giving. Thank you! + +Edit: Since posting on here I decided to bite the bullet and pay off my las credit card. That took my savings down to $5250 from 7k. Thanks for the honest feedback. I’m doing my best with ZERO financial knowledge. + +Second edit: Wow. Thanks for the award! It’s my first. The reason I want a new car is because my husband and I go on a lot of road trips. His car isn’t very big so we take mine, a RAV4. The 2006 model has some mechanical issues one being it burns oil. It’s a pain to keep buying it and constantly checking. Also, lately it feels like every time to take it for an oil change the repairs get more and more expensive. My thought was maybe to finance through a credit union like I did before and just upgrade to a Subaru Forester. Hoping it has less maintenance costs. I will also look seriously into cutting my monthly costs. Thank you all for that. I do think the account I was told to invest in was a 403b. I’m going to contact the lady that works with many teachers at my school and get serious about paying of my loans. This was the push I needed to keep moving forward and also I will try to educate myself better. No excuses at 37 years old but it’s hard as finances and budgeting is something I struggle with. Thank you everyone. +I am a 37f teacher. I’ve been at my job for 7 years now. I have tenure and every year my pay increases. I make $5000 a month. My monthly expenses are $3000 a month. I have 7k in savings. My car is paid off and I have one more credit card with a balance of $2000 I’m working on paying off. In the last three years I have paid down about $5000 and in cc debt and this is my last one. I pay into a retirement by the state but have been told I should also be Paying some money to another account (can’t remember the name). I have two goals: 1. Buy a new car 2.save for a home. I hope to buy in maybe two years. I’m putting $1500 monthly into my savings. The only other debt I have are my school loans totaling $50,000. My car is not working well and the last round of repairs cost me $1500. Since I just repaired it, I thought maybe it would be a good time to sell it and buy a new car. I’ve never owned a newer car and would like to finance a loan for about $20000-$25000. Is this a wise choice given that I may also take out a home loan in a few years? Also the fact I’m still carrying a little bit of debt? Is there anything else I should be doing? I’ve never been good with money and just in the last two years have started saving and paying attention to my savings and Paying off cc debt. Also my credit score is 720 if that helps any advice giving. Thank you! + +Edit: Since posting on here I decided to bite the bullet and pay off my las credit card. That took my savings down to $5250 from 7k. Thanks for the honest feedback. I’m doing my best with ZERO financial knowledge. + +Second edit: Wow. Thanks for the award! It’s my first. The reason I want a new car is because my husband and I go on a lot of road trips. His car isn’t very big so we take mine, a RAV4. The 2006 model has some mechanical issues one being it burns oil. It’s a pain to keep buying it and constantly checking. Also, lately it feels like every time to take it for an oil change the repairs get more and more expensive. My thought was maybe to finance through a credit union like I did before and just upgrade to a Subaru Forester. Hoping it has less maintenance costs. I will also look seriously into cutting my monthly costs. Thank you all for that. I do think the account I was told to invest in was a 403b. I’m going to contact the lady that works with many teachers at my school and get serious about paying of my loans. This was the push I needed to keep moving forward and also I will try to educate myself better. No excuses at 37 years old but it’s hard as finances and budgeting is something I struggle with. Thank you everyone. +I realize that on a American-dominated sub this might not resonate with some people; still I was wondering if anyone has come to the same/similar conclusions. +As very brief background, I grew up in a nature-rich, beautiful part of the world, and on recent trips home was shocked at how quickly things have deteriorated. Literally forest to desert and 3-sigma weather events happening every year or two. This, along with spending a lot more time in Scandinavia, has made me reevaluate a lot of the reasons why I was pushing for the Fat part of FIRE (big house, first class travel, sports cars etc). I honestly think that my kids' generation will look back at that kind of lifestyle with disdain - the way it is increasingly being viewed in Western Europe and I assume parts of the US - and myself don't really feel comfortable with it anymore. + + +Obviously this, along with any scope of FIRE, is a very personal choice and I'm not trying to point fingers (OK maybe, just a little). Living in an environmentally conscious way is also not necessarily cheap, and if you do have Fat levels of wealth you can do a lot of very cool conservation projects. I have not really changed my strategy - in large part because I love sailing and that can be a big money pit - but I can't help but feel I have become a bit distanced from a lot of the FatFIRE plans on here. Every few weeks a 'how is FatFire better than Fire' post comes up and the answers are usually a mix of bigger buffer and more consumption. I guess I'm not really that interested in the latter any more, which has caused quite a bit of motivation loss at times (I'm currently about halfway to Fat). Has anyone else felt like this? How do you reconcile pushing for the next level with more sustainable consumption patterns? +In light of of u/Seanv112's [post on XRT institutional ownership exceeding the shares outstanding](https://www.reddit.com/r/Superstonk/comments/uz870e/how_does_a_canadian_retirement_fund_have_8/), I wanted to dig deeper. It was the first comment (and I comment alot, lol) that got so many anonymous (expensive) awards...it was weird and I felt compelled to dig. + +# "How many etf's holding GME exceed their outstanding shares and how many are close to fully owned?" + +Based on [etf.com](https://etf.com), there are **102 ETFs** that hold GME \[1\]. To keep this simple and precise, I built a program to pull all etf shares owned with a source date of 2022, ignoring calls/puts, for the relative etf from [whalewisdom.com](https://whalewisdom.com) and aggregated the total institutional ownership. Shares outstanding for the etf is sourced from [Fidelity.com](https://Fidelity.com). GME shares are directly from *end of day* totals for each etf's website/disclosure, sorry for the obscure links, some of them are to the csv from the etf that my program is utilizing as source. + +I have an inclination to look at all the etf's (not only the ones from [etf.com](https://etf.com)) since even whalewisdom is incorrect on each etf's GME allocation. + +|*ETF*|*Shares Outstanding*|*GME Allocation Market Cap Based*|*GME Shares*|*2022 Institutional Ownership of ETF*|*2022 Institutional Ownership of ETF %*| +|:-|:-|:-|:-|:-|:-| +|\[!\]XRT|[9.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=XRT)|1.562636%|[68,435](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-xrt.xlsx)|[47,534,054](https://whalewisdom.com/stock/xrt)|511.12%| +|\[!\]FXD|[9.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FXD)|0.47%|[16,784](https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=FXD)|[24,101,067](https://whalewisdom.com/stock/fxd)|248.46%| +|\[!\]SMDY|[250.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SMDY)|0.57%|[394](https://www.syntaxadvisors.com/files/syntax-stratified-midcap-etf/holdings?holding_date=2022-05-26)|[262,746](https://whalewisdom.com/stock/smdy)|105.1%| +|\[!\]VLU|[1.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VLU)|0.009146%|[178](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-vlu.xlsx)|[1,997,741](https://whalewisdom.com/stock/vlu)|110.99%| +|IJH|[246.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IJH)|0.39%|[1,778,555](https://www.ishares.com/us/products/239763/#holdings)|[186,908,299](https://whalewisdom.com/stock/ijh)|75.89%| +|VTI|[1.3B](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VTI)|0.02%|[1,886,638](https://investor.vanguard.com/etf/profile/portfolio/VTI/portfolio-holdings)|[395,916,032](https://whalewisdom.com/stock/vti)|30.46%| +|MDY|[40.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MDY)|0.389269%|[534,331](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-mdy.xlsx)|[25,884,729](https://whalewisdom.com/stock/mdy)|63.91%| +|IJK|[96.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IJK)|0.82%|[414,259](https://www.ishares.com/us/products/239762/#holdings)|[69,480,939](https://whalewisdom.com/stock/ijk)|72%| +|VB|[219.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VB)|0.08%|[814,281](https://investor.vanguard.com/etf/profile/portfolio/VB/portfolio-holdings)|[135,265,414](https://whalewisdom.com/stock/vb)|61.54%| +|VBR|[145.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VBR)|0.14%|[530,547](https://investor.vanguard.com/etf/profile/portfolio/VBR/portfolio-holdings)|[98,621,329](https://whalewisdom.com/stock/vbr)|67.92%| +|VO|[235.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VO)|0.06%|[738,229](https://investor.vanguard.com/etf/profile/portfolio/VO/portfolio-holdings)|[149,223,689](https://whalewisdom.com/stock/vo)|63.5%| +|VTV|[707.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VTV)|0.02%|[270,909](https://investor.vanguard.com/etf/profile/portfolio/VTV/portfolio-holdings)|[479,268,473](https://whalewisdom.com/stock/vtv)|67.77%| +|IWP|[139.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWP)|0.29%|[252,214](https://www.ishares.com/us/products/239717/#holdings)|[106,134,660](https://whalewisdom.com/stock/iwp)|76.25%| +|VOE|[114.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VOE)|0.12%|[273,332](https://investor.vanguard.com/etf/profile/portfolio/VOE/portfolio-holdings)|[70,785,585](https://whalewisdom.com/stock/voe)|61.88%| +|IWF|[261.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWF)|0.05%|[215,300](https://www.ishares.com/us/products/239706/#holdings)|[200,278,123](https://whalewisdom.com/stock/iwf)|76.71%| +|VXF|[94.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VXF)|0.11%|[822,382](https://investor.vanguard.com/etf/profile/portfolio/VXF/portfolio-holdings)|[52,652,431](https://whalewisdom.com/stock/vxf)|55.6%| +|IWR|[395.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWR)|0.09%|[181,231](https://www.ishares.com/us/products/239718/#holdings)|[309,461,779](https://whalewisdom.com/stock/iwr)|78.19%| +|SCHM|[132.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHM)|0.21%|[150,158](https://www.schwabassetmanagement.com/products/schm#portfolio)|[77,868,602](https://whalewisdom.com/stock/schm)|58.68%| +|SPMD|[114.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SPMD)|0.39099%|[145,554](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-spmd.xlsx)|[96,420,075](https://whalewisdom.com/stock/emm)|84.14%| +|VCR|[18.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VCR)|0.18%|[86,384](https://investor.vanguard.com/etf/profile/portfolio/VCR/portfolio-holdings)|[10,283,792](https://whalewisdom.com/stock/vcr)|56.2%| +|FNDA|[115.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FNDA)|0.22765%|[102,179](https://www.schwabassetmanagement.com/products/fnda#portfolio)|[73,904,994](https://whalewisdom.com/stock/fnda)|63.88%| +|MDYG|[22.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MDYG)|0.82162%|[92,254](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-400-mid-cap-growth-etf-mdyg)|[15,829,936](https://whalewisdom.com/stock/emg)|71.63%| +|IVOG|[4.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IVOG)|0.74%|[52,601](https://investor.vanguard.com/etf/profile/portfolio/IVOG/portfolio-holdings)|[1,594,274](https://whalewisdom.com/stock/ivog)|38.88%| +|ITOT|[445.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ITOT)|0.02%|[61,135](https://www.ishares.com/us/products/239724/#holdings)|[274,879,704](https://whalewisdom.com/stock/isi)|61.76%| +|IVOO|[8.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IVOO)|0.36%|[80,066](https://investor.vanguard.com/etf/profile/portfolio/IVOO/portfolio-holdings)|[3,681,189](https://whalewisdom.com/stock/ivoo)|43.31%| +|XMHQ|[4.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=XMHQ)|1.953%|[47,448](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=XMHQ)|[2,980,794](https://whalewisdom.com/stock/pjg)|63.42%| +|SCHX|[601.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHX)|0.02152%|[48,357](https://www.schwabassetmanagement.com/products/schx#portfolio)|[408,310,334](https://whalewisdom.com/stock/schx)|67.86%| +|IWB|[124.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWB)|0.02%|[46,861](https://www.ishares.com/us/products/239707/#holdings)|[95,379,051](https://whalewisdom.com/stock/iwb)|76.92%| +|IUSG|[124.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IUSG)|0.05%|[39,579](https://www.ishares.com/us/products/239713/#holdings)|[85,215,218](https://whalewisdom.com/stock/iwz)|68.45%| +|VONG|[112.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VONG)|0.04%|[32,836](https://investor.vanguard.com/etf/profile/portfolio/VONG/portfolio-holdings)|[89,677,366](https://whalewisdom.com/stock/vong)|80.07%| +|VV|[134.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VV)|0.01%|[33,794](https://investor.vanguard.com/etf/profile/portfolio/VV/portfolio-holdings)|[89,110,865](https://whalewisdom.com/stock/vv)|66.35%| +|SCHB|[431.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHB)|null%|[31,325](https://www.schwabassetmanagement.com/products/schb#portfolio)|[151,244,267](https://whalewisdom.com/stock/schb)|35.07%| +|VT|[256.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VT)|0.01%|[30,575](https://investor.vanguard.com/etf/profile/portfolio/VT/portfolio-holdings)|[60,402,934](https://whalewisdom.com/stock/vt)|23.56%| +|SCHV|[146.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHV)|0.03726%|[28,886](https://www.schwabassetmanagement.com/products/schv#portfolio)|[99,619,101](https://whalewisdom.com/stock/schv)|68.05%| +|NUSC|[27.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=NUSC)|0.3%|[22,468](https://www.nuveen.com/en-us/exchange-traded-funds/nusc-nuveen-esg-small-cap-etf)|[20,332,243](https://whalewisdom.com/stock/nusc)|73.14%| +|ESML|[42.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ESML)|0.21%|[22,341](https://www.ishares.com/us/products/296644/#holdings)|[27,194,087](https://whalewisdom.com/stock/esml)|64.44%| +|OMFL|[45.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=OMFL)|0.122%|[18,753](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=OMFL)|[33,851,601](https://whalewisdom.com/stock/omfl)|75.23%| +|RFG|[1.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=RFG)|0.842%|[17,370](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=RFG)|[694,012](https://whalewisdom.com/stock/rfg)|46.27%| +|BUZZ|[5.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=BUZZ)|4.02%|[23,099](https://www.vaneck.com/us/en/investments/social-sentiment-etf-buzz/holdings/)|[375,577](https://whalewisdom.com/stock/buzz)|7.36%| +|FDIS|[17.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FDIS)|0.2%|[17,409](https://www.actionsxchangerepository.fidelity.com/ShowDocument/documentPDF.htm?clientId=Fidelity&applicationId=ETF&securityId=316092204&docType=DALY&docFormat=pdf&securityIdType=CUSIP&collectionId=683315&docName=1.T01-DALY.pdf&criticalIndicator=N&pdfReaderStatus=Y)|[4,895,629](https://whalewisdom.com/stock/fdis)|27.82%| +|IWV|[45.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWV)|0.02%|[16,933](https://www.ishares.com/us/products/239714/#holdings)|[25,910,845](https://whalewisdom.com/stock/iwv)|56.95%| +|GINN|[7.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=GINN)|0.2%|[5,236](https://www.gsam.com/content/gsam/us/en/advisors/fund-center/etf-fund-finder/goldman-sachs-innovate-equity-etf.html#activeTab=holdings&scType=Common%20Shares)|[5,612,689](https://whalewisdom.com/stock/ginn)|71.96%| +|RWK|[4.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=RWK)|0.49%|[14,072](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=RWK)|[2,603,452](https://whalewisdom.com/stock/rwk)|59.17%| +|DSI|[48.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=DSI)|0.05%|[13,012](https://www.ishares.com/us/products/239667/#holdings)|[24,040,751](https://whalewisdom.com/stock/dsi)|49.16%| +|JHMM|[50.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=JHMM)|0.42%|[457](https://www.jhinvestments.com/investments/etf/us-equity-funds/multifactor-mid-cap-etf-jhmm#topTenHoldings)|[35,212,107](https://whalewisdom.com/stock/jhmm)|69.59%| +|IYC|[12.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IYC)|0.19%|[11,164](https://www.ishares.com/us/products/239506/#holdings)|[6,392,886](https://whalewisdom.com/stock/iyc)|50.34%| +|ESGV|[81.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ESGV)|0.03%|[11,479](https://investor.vanguard.com/etf/profile/portfolio/ESGV/portfolio-holdings)|[23,319,157](https://whalewisdom.com/stock/esgv)|28.51%| +|FNX|[10.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FNX)|0.13%|[9,239](https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=FNX)|[6,053,354](https://whalewisdom.com/stock/fnx)|57.65%| +|PRF|[35.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=PRF)|0.02%|[8,408](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=PRF)|[24,263,072](https://whalewisdom.com/stock/prf)|67.96%| +|SPTM|[108.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SPTM)|0.02049%|[8,311](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-sptm.xlsx)|[64,970,782](https://whalewisdom.com/stock/tmw)|59.72%| +|IMCG|[18.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IMCG)|0.1%|[7,680](https://www.ishares.com/us/products/239583/#holdings)|[8,639,257](https://whalewisdom.com/stock/jkh)|45.95%| +|VONE|[14.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VONE)|0.02%|[8,411](https://investor.vanguard.com/etf/profile/portfolio/VONE/portfolio-holdings)|[10,505,942](https://whalewisdom.com/stock/vone)|72.45%| +|IMCB|[12.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IMCB)|0.1%|[5,943](https://www.ishares.com/us/products/239582/#holdings)|[7,335,254](https://whalewisdom.com/stock/jkg)|57.76%| +|SFYF|[650.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SFYF)|3.93%|[4,795](https://www.sofi.com/invest/etfs/sfyf/)|[32,378](https://whalewisdom.com/stock/sfyf)|4.98%| +|SMMD|[7.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SMMD)|0.15%|[4,603](https://www.ishares.com/us/products/288024/#holdings)|[4,352,664](https://whalewisdom.com/stock/smmd)|59.63%| +|JMOM|[5.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=JMOM)|0.25%|[4,296](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-u-s-momentum-factor-etf-etf-shares-46641q779#/portfolio)|[3,811,744](https://whalewisdom.com/stock/jmom)|64.61%| +|EQAL|[17.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=EQAL)|0.07%|[4,084](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=EQAL)|[8,954,300](https://whalewisdom.com/stock/eqal)|52.36%| +|BTAL|[7.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=BTAL)|0.00449%|[5,082](https://www.agf.com/us/products/btal/index.jsp)|[2,692,195](https://whalewisdom.com/stock/btal)|34.96%| +|NFTZ|[950.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=NFTZ)|7.35%|[4,371](https://www.defianceetfs.com/nftz-full-holdings/)|[47,839](https://whalewisdom.com/stock/nftz)|5.04%| +|IMCV|[7.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IMCV)|0.11%|[3,949](https://www.ishares.com/us/products/239584/#holdings)|[4,126,896](https://whalewisdom.com/stock/jki)|54.3%| +|MVV|[2.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MVV)|0.35%|[3,230](https://www.proshares.com/our-etfs/leveraged-and-inverse/mvv)|[164,477](https://whalewisdom.com/stock/mvv)|7.15%| +|LCTU|[28.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=LCTU)|0.004%|[3,559](https://www.ishares.com/us/products/318215/#holdings)|[24,949,618](https://whalewisdom.com/stock/lctu)|88.47%| +|EWMC|[1.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=EWMC)|0.37%|[3,292](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=EWMC)|[478,157](https://whalewisdom.com/stock/ewrm)|34.15%| +|ILCG|[30.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ILCG)|0.02%|[2,553](https://www.ishares.com/us/products/239580/#holdings)|[16,341,987](https://whalewisdom.com/stock/jke)|53.41%| +|VTHR|[6.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VTHR)|0.02%|[3,084](https://investor.vanguard.com/etf/profile/portfolio/VTHR/portfolio-holdings)|[1,938,562](https://whalewisdom.com/stock/vthr)|30.29%| +|IYY|[15.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IYY)|0.02%|[2,434](https://www.ishares.com/us/products/239513/#holdings)|[4,308,407](https://whalewisdom.com/stock/iyy)|28.16%| +|XJH|[2.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=XJH)|0.42%|[2,355](https://www.ishares.com/us/products/315914/#holdings)|[996,041](https://whalewisdom.com/stock/xjh)|43.31%| +|TILT|[9.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=TILT)|0.0186%|[2,068](https://www.flexshares.com/funds/TILT#holdings)|[8,426,494](https://whalewisdom.com/stock/tilt)|86.87%| +|SHE|[2.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SHE)|0.11877%|[1,952](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-she.xlsx)|[1,077,545](https://whalewisdom.com/stock/she)|39.91%| +|FAD|[1.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FAD)|0.12%|[1,698](https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=FAD)|[984,906](https://whalewisdom.com/stock/fad)|51.84%| +|ILCV|[12.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ILCV)|0.02%|[1,346](https://www.ishares.com/us/products/239581/#holdings)|[7,299,061](https://whalewisdom.com/stock/jkf)|60.32%| +|ILCB|[14.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ILCB)|0.02%|[1,300](https://www.ishares.com/us/products/239579/#holdings)|[6,580,467](https://whalewisdom.com/stock/jkd)|47%| +|USVM|[4.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=USVM)|0.05558%|[1,112](https://advisor.vcm.com/products/victoryshares-etfs/victoryshares-etfs-list/victoryshares-usaa-msci-usa-small-cap-value-momentum-etf?fund=USVM)|[3,795,858](https://whalewisdom.com/stock/usvm)|92.58%| +|UMDD|[1.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=UMDD)|0.32%|[724](https://www.proshares.com/our-etfs/leveraged-and-inverse/umdd)|[51,906](https://whalewisdom.com/stock/umdd)|3.99%| +|AIEQ|[3.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=AIEQ)|0%|[0](https://etfmg.com/funds/aieq/)|[366,927](https://whalewisdom.com/stock/aieq)|9.92%| +|SFYX|[4.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SFYX)|0.2%|[726](https://www.sofi.com/invest/etfs/sfyx/)|[2,870,290](https://whalewisdom.com/stock/sfyx)|71.76%| +|BKMC|[1.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=BKMC)|0.1%|[779](https://im.bnymellon.com/us/en/intermediary/funds/09661T206#?section=portfolio)|[475,492](https://whalewisdom.com/stock/bkmc)|36.58%| +|ONEO|[3.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ONEO)|0.03013%|[658](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-oneo.xlsx)|[2,781,018](https://whalewisdom.com/stock/oneo)|89.71%| +|ANEW|[850.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ANEW)|0.25%|[549](https://www.proshares.com/our-etfs/strategic/anew)|[571,459](https://whalewisdom.com/stock/anew)|67.23%| +|PBSM|[1.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=PBSM)|0.21%|[588](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=PBSM)|[619,595](https://whalewisdom.com/stock/pbsm)|56.33%| +|IEME|[400.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IEME)|0.7%|[575](https://www.ishares.com/us/products/292424/#holdings)|[156,827](https://whalewisdom.com/stock/ieme)|39.21%| +|IUSS|[1.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IUSS)|0.12%|[556](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=IUSS)|[1,477,844](https://whalewisdom.com/stock/iuss)|86.93%| +|FNDB|[8.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FNDB)|0.01594%|[543](https://www.schwabassetmanagement.com/products/fndb#portfolio)|[2,270,160](https://whalewisdom.com/stock/fndb)|28.38%| +|HKND|[4.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=HKND)|0.00046%|[374](https://www.humankindfunds.com/)|[2,573,460](https://whalewisdom.com/stock/hknd)|64.34%| +|JHMC|[330.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=JHMC)|0.06%|[12,417](https://www.jhinvestments.com/investments/etf/sector-funds/multifactor-consumer-discretionary-etf-jhmc#topTenHoldings)|[140,709](https://whalewisdom.com/stock/jhmc)|42.64%| +|MEME|[100.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MEME)|5.27%|[286](https://www.roundhillinvestments.com/etf/meme/)|[63,648](https://whalewisdom.com/stock/meme)|63.65%| +|SPGM|[9.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SPGM)|0.01055%|[362](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-spgm.xlsx)|[6,198,562](https://whalewisdom.com/stock/acim)|66.65%| +|VEGN|[1.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VEGN)|0.06%|[308](https://veganetf.com/)|[104,762](https://whalewisdom.com/stock/vegn)|5.51%| +|AVUS|[29.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=AVUS)|0%|[294](https://www.avantisinvestors.com/content/avantis/en/investments/avantis-u-s-equity-etf.html)|[13,913,659](https://whalewisdom.com/stock/avus)|46.53%| +|IEDI|[450.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IEDI)|0.22%|[274](https://www.ishares.com/us/products/292414/#holdings)|[155,860](https://whalewisdom.com/stock/iedi)|34.64%| +|UCC|[475.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=UCC)|0.17%|[173](https://www.proshares.com/our-etfs/leveraged-and-inverse/ucc)|[65,116](https://whalewisdom.com/stock/ucc)|13.71%| + +# Total Shares Owned in ETFs: 10,231,125 (latest update) + +&#x200B; + +# BONUS ROUND! SWAPS EXIST... + +[find the skulls](https://preview.redd.it/s2hmfg06np291.jpg?width=900&format=pjpg&auto=webp&s=46f6621e7e55503fc90ab0449d0104e06bf03f45) + +While looking through all the etf's and sec filings, I believe ***I accidentally stumbled upon a SWAP/CFD filing for Gamestop\[2\]***!!! This keyword/id (B0LLFT5) seems to be an old id that was used as far back as 2015. While, I couldn't find anything closer except for this filing \[2\], ***for me it confirms SWAPS exist...and to keep digging. This filing shows an unrealized negative value of -$346,819.56 for -2082 swap contracts.*** + +[Notice the CFD and negative Balance](https://preview.redd.it/gymyfjs8np291.png?width=1002&format=png&auto=webp&s=72c94b923a22fb31c6f353f2ed694cc302e38fe8) + +[Equity type = SWAP!](https://preview.redd.it/y83kddndnp291.png?width=991&format=png&auto=webp&s=f6748d2f4737414d14dbcde48bd0db86092428c2) + +[Unrealized Notional Value of -$346,519](https://preview.redd.it/pl0ucnsgnp291.png?width=989&format=png&auto=webp&s=b986abd619690bfd3a8fcad27ab473450eb2c7c5) + +^(\[1\]) [^(https://www.etf.com/stock/GME)](https://www.etf.com/stock/GME) + +^(\[2\]) [^(https://www.sec.gov/Archives/edgar/data/0001131013/000114554922030931/0001145549-22-030931-index.html)](https://www.sec.gov/Archives/edgar/data/0001131013/000114554922030931/0001145549-22-030931-index.html) + +^(\[3\]) [^(https://www.sec.gov/Archives/edgar/data/1588539/000158853915000003/xslForm13F\_X01/June.xml)](https://www.sec.gov/Archives/edgar/data/1588539/000158853915000003/xslForm13F_X01/June.xml) +Hi everyone, + +I'm having troubles deciding what to do with my money. + +I started investing in ETFs (boring S&P500 and World ETFs) in March 2020 and started with around 350€ every month. + +However, I have a bit more than 80K saved in the bank (growing every month by 1-2K) and I feel like they are wasted and could be better utilized. + +As a result, I've started increasing my investments in ETFs to around 700€ per month, but I still feel like the vast majority of my money is sitting in a 0.01% interest bank account and should instead at least be partially invested. + +I will keep at the very least 20K in cash for sure, as an emergency fund, but I'm trying to decide what would be the best investment options. + +Note that I'm in Luxembourg, so buying a property to rent is absolutely not possible because of insane prices, but on the other side there are no taxes on capital gains. That said it is likely that I would move to another country in the next few years (no target yet). + +Thanks for your help + + +* Since Kraken is operating (since 2011) they have never been hacked +* They have a live customer support 24/7, with real humans who will help to solve your issue within minutes +* SEC and other authorities are trying to force Kraken to shut down certain products and they put a fight to still list coins like Monero +* In the Ukraine-Russia conflict, they didn't ban Russian users. +They donated to Ukrainian government, gave all Russian transaction fees to Ukraine and gave Ukrainian citizens all 1k of BTC +* They implemented a Poof of Reserves technology, which enables the users to verify the coins actually exist on the exchange +* Kraken founder and CEO Jesse Powell warned and advised users to get their funds off exchanges, even though it might hurt their own company +I make very little money as a receptionist but through some careful savings/spending I’m basically debt free. The stock market has always seemed like a “rich person’s” game to me and I had just planned on working until this old body shuffled off this mortal plane. + +But all this news about stocks got me interested in retail investing (I didn’t even know you could buy $5 worth of a company!). + +My inherently frugal nature steered me clear of some of the wilder Reddit advice and I took that $5 and bought a fractional share of Pfizer. + +I saw on Robinhood that my first dividend (of $0.05) was pending and I couldn’t be more happy! + +Anyways, I’m glad I discovered this community and I’m looking forward to learning more about investing for long term income! +[https://twitter.com/macromule/status/1366840685962223616?s=20](https://twitter.com/macromule/status/1366840685962223616?s=20) + +Since May, the algorithm would have executed 203 trades, achieving an annualized return of \~1000%. 65% of trades are profitable with a 3% average return. + +https://preview.redd.it/oybfmxw08ok61.jpg?width=1001&format=pjpg&auto=webp&s=0bcfd6a90d4f9979a05c3a298aaa1f33075db683 + +&#x200B; + +Edit: The algorithm buys only when Peter tweets about Bitcoin:) +&#x200B; + +https://preview.redd.it/db3gwe6a8ra71.png?width=1600&format=png&auto=webp&s=2d2d091c18880042651da993dabaeecf2cfde7c7 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/gy7xdicc8ra71.png?width=680&format=png&auto=webp&s=448e0b53f2e409b0bb910d912e32b96354f6a836 + +&#x200B; + +[me coming back after a few days only to realise everything is lego's now](https://i.redd.it/7elpz8qm8ra71.gif) + +&#x200B; + +The exponential floor + +&#x200B; + +[credit to u\/jth1](https://preview.redd.it/03525w9c9ra71.png?width=16384&format=png&auto=webp&s=7021fa33b433fbfcd865538be5e92893716c6bd1) + +The exponential floor seems to still not be on track, not sure on how or when a new theory is going to bring itself forward but it seems interesting nonetheless imo + +# Toroso Investments LLC Makes New $923,000 Investment in GameStop Corp + + + [https://www.thelincolnianonline.com/2021/07/10/toroso-investments-llc-makes-new-923000-investment-in-gamestop-corp-nysegme.html](https://www.thelincolnianonline.com/2021/07/10/toroso-investments-llc-makes-new-923000-investment-in-gamestop-corp-nysegme.html) + +The site in and of itself is looking off imo, and as u/ammoprofit posted in a comment on there: + + +> +> +>SEC Filings since January 1st, 2021: +> +>[Toroso Investments, LLC (CIK 0001600064)](https://www.sec.gov/edgar/search/?r=el#/dateRange=custom&entityName=0001600064&startdt=2021-01-01&enddt=2021-12-31) +> +>[2021Q1](https://www.sec.gov/Archives/edgar/data/0001600064/000110465921067398/0001104659-21-067398-index.html) and [Holdings](https://www.sec.gov/Archives/edgar/data/1600064/000110465921067398/xslForm13F_X01/infotable.xml) lists 4,864 shares at $923 (thousands). lists ENVESTNET ASSET MANAGEMENT INC. +> +>[ENVESTNET ASSET MANAGEMENT INC (CIK 0001407543)](https://www.sec.gov/edgar/search/?r=el#/dateRange=custom&entityName=0001407543&startdt=2021-01-01&enddt=2021-12-31), but they have no GME. +> +>Takeaways: +> +>The purchase occurred in 2021Q1, for an average share price range of $189.67-189.86. (±$500 in total share value because of rounding.) +> +>The timing is weird on "finding" and releasing this data. We tend to follow the money to investigate relationships. Reporters tend to time their releases. These are different parts of the same elephant. +> +>There is an invalid CIK on Toroso's two most recent 13F-HR forms. +> +>Previous 13-HR forms included two CIKs: + +|13F File Number| Name | First Seen Filed Date| +|:-|:-|:-| +| 028-17968| Amplify Investments, LLC| 2019-02-14| +| 028-13818| CSat Investment Advisory, L.P.| 2019-08-15 | + +&#x200B; + +>I would check those two. + +So even if this information is spread please be sure to check out the source and not take everything for granted, this could be real or it could be bullshit for all we know, so for now take it with a grain of salt 😉 + +&#x200B; + +https://preview.redd.it/z9m7rsw1cra71.png?width=494&format=png&auto=webp&s=c123f019cb225e74bb574a55f69f482993d0c4a2 + +# Anti hype sentiment + +Ok let's do a little one on this, first of all I've been seeing a lot of people from Gme\_meltdown come over and complain how everything is a let down and everything is bs and bla bla fucking bla. + +Lets make a few things clear. + +1. no dates are set in stone +We don't know when it will happen but we can be excited because we believe it could happen around specific dates +2. Shorts have not covered +3. Gamestop Corp is working with the SEC +4. They have been turning the company around, this takes time. +5. They've introduced new rulings to make shorting harder +6. There are currently somewhere between 80 and 100 million shares in the option chain. + +Ok so knowing that lets look at something simple, Delayed Gratification, this takes time and if you're not used to doing the most simple fucking thing ever I feel for you son, but I got 99 problems and patience aint one. + +Seriously it's simple, Buy hold wait till it goes pop, that's it. + +So... "I'm tired" "this needs to end" "this is blablabla", if all you can do is complain about other people beeing excited or looking forward to a certain week, just look away. + +&#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 +I've got a chunk of cash set aside for investing in tracker funds this year, but given the current downturn I was wondering if I should drip feed this into investments over the year rather than chucking it all in now, in case the downturn continues? +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! + +Little by little I've added GME to my portfolio over the past year. Day after day I check in and watch the price go up and down up and down. I've told my friends, co-workers, family, and my girlfriend that this is the way, that the MOASS is coming. I have gotten used to the eye rolls and the FUD. I came into a little extra money, held it for a couple of weeks, and this morning I said to myself, yeah, why not? + +I just hit 101 shares. I needed to tell someone who would listen. Thank you for that. + +Bring the tendies. +I just discovered this and feel very stupid. I switched my Hulu plan over to the annual plan which is 60$/year. Stupidly, I didn't read the fine print and did not realized that annual plan contains ads. They don't have an option for you to pay for a year of the ad-free subscription. + +The kicker is that the only way to get rid of ads once you have switched to the annual plan is to fully cancel your Hulu **without** getting a refund of the $60 and then start your subscription back up with the no-ads subscription billed monthly. You can't just pay extra each month to get rid of ads. + +I feel very stupid. Don't make the same mistake I did if you hate Hulu ads. + +Edit: Some folks have pointed out in the comments that you can get Hulu to switch you back by calling their customer service, instead of just canceling completely like I did. I get another gold star for stupidity, I did not even think of this. +I just discovered this and feel very stupid. I switched my Hulu plan over to the annual plan which is 60$/year. Stupidly, I didn't read the fine print and did not realized that annual plan contains ads. They don't have an option for you to pay for a year of the ad-free subscription. + +The kicker is that the only way to get rid of ads once you have switched to the annual plan is to fully cancel your Hulu **without** getting a refund of the $60 and then start your subscription back up with the no-ads subscription billed monthly. You can't just pay extra each month to get rid of ads. + +I feel very stupid. Don't make the same mistake I did if you hate Hulu ads. + +Edit: Some folks have pointed out in the comments that you can get Hulu to switch you back by calling their customer service, instead of just canceling completely like I did. I get another gold star for stupidity, I did not even think of this. +They all talk a lot about psychology in the market. And how often times we blow up our accounts due to our own psychology. Whether it’s FOMO or chasing or bad risk management. + +As someone whose been trading for a few years and only about 6 months ago started becoming more consistent as I’ve blown several accounts, I finally came to an aha moment. + +I personally trade options. It’s not uncommon for new traders to instantly get hooked and see the potential of options without also realizing the danger of it. They think it’s a get rich quick thing. I ALSO thought that way too. Sizing way too big. + +Then I finally came to realize the potential of growing your account size a little bit at a time and using my own life changes to make me realize that. + +I initially tried to grow my account by 10% a day. Was doing well for about 1 month and then just crash and burned. Sized way too big. Then I finally realized that I can make grow it by 2-3% a day. I know that might sound absolutely insane to some stock share traders like “2-3% a day is fucking outrageously high”. To me that was possible. That was much more manageable. I do about 5%-10% of my portfolio per position with pretty tight stops around 20-25% loss. So a 5% loss at 25% is only 1.25% of your port. Or 10% at 25% is only 2.5%, which you can make back in like one good trade. + +I also realized my account could be like in just a year from doing that. Just 2-3% a day for 250 days or even less. + +Yes it seems like a long time for some. But I also thought back about what my own life was like just 2 and half years ago and how much that had changed. Now if I had that same mindset towards this, think what my account would be like in 2.5 years. + +I also came to the realization that I would rather grow my account slowly than to try and be aggressive and a year from now I still have nothing to show for except blown accounts. I think back about where my account would be if I had just decided to be more cautious and grow it slowly. +A bit about myself: +I'm 27 years old now. I am on just £700 A month as a merchant navy cadet, while I'm not at sea I am living with my parents. I was at the nautical college but all learning was moved online. + +With the way the things are now, I will not be getting employed by the end of my training. It was already bad for british officers; why hire a British deck officer for £xxxxxx when a Filipino officer only costs £xxx? Consequently british crew are pretty much non existent on cargo ships but that's an argument for another day. Long story short the pandemic had destroyed many businesses and shipping is one of them. Cruise ship crews and offshore oil especially have their careers down the toilet. + +Before I embarked on this new career path, I worked at Mark's & Spencer as your ordinary retail assistant. £8.85 an hour, about £16000 a year. This was straight after I graduated with a music drgree that I got a 2.2 in. Pointless degree, bad grade, yeah. 4 years of my life wasted. +I a feeling tempted to drop out of my merchant navy cadetship and going back to my previous life ashore but all I see, and all I seem qualified for, is minimum wage work. I just feel so depressed that I will probably never amount to anything more than that. I started it with my head on straight, head down and high grades, taking it extremely seriously this time. But the pandemic is just destroying my chance of any employment by the end which will be a couple years from now. + +My only saving grace is that I have £11,000 in savings, which definitely puts me above average for my age group. +I've got a help to buy isa, but wonder what else I can do with my money. +My parents are getting old, they would be incredibly disappointed if I decided to drop out but they are out of touch with the job market. They were of the job-for-life generation, where you got on your bike, handed the shop owner your cv, firm handshake and hired on the spot etc. + +Don't even know what I'm asking, think this is just a rant over my quarterlife crisis I'm having. I see people earning even just £20k and I wonder how the he'll do you even do that? I would be so happy to earn that. Are there others here like me? +I'm quite confused by the market reaction to the Fed meeting today. Definitely not an economist, so hoping someone smarter than me can help explain it. + +We all expected the Fed to raise rates sometime in 2024. In yesterday's Fed meeting, the median dot plot projected them increasing it twice in 2023 instead. Furthermore, they increased inflation expectations. Aren't higher projected inflation expectations and higher interest rates coming a year earlier both bad for tech stocks? Why are they rallying instead, with cyclicals/reopening stocks tanking? +https://www.bloomberg.com/news/articles/2018-03-01/trump-is-said-to-delay-decision-on-steel-and-aluminum-tariffs + +> “When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, **trade wars are good, and easy to win,**” Trump said in an early morning tweet on Friday. + +> “Steel and aluminum imports from Japan, which is an ally, do not affect U.S. national security at all,” Japan’s Trade Minister Hiroshige Seko told reporters in Tokyo Friday. “I would like to convey that to the U.S. when I have an opportunity.” + +> Canada -- the biggest foreign supplier of steel to the U.S. -- said the measures were unacceptable while the European Union vowed to “react firmly” with World Trade Organization-compliant countermeasures in the next few days. Australian Trade Minister Steve Ciobo called the move “disappointing” and said his country is seeking an exemption. + +> U.S. companies from beer brewer MillerCoors to candymaker Hershey Co., which use aluminum for manufacturing and packaging, said operations would be hurt by the tariffs. + +> “We buy as much domestic can sheet aluminum as is available, however, there simply isn’t enough supply to satisfy the demands of American beverage makers like us,” MillerCoors said in a tweet. “American workers and American consumers will suffer as a result of this misguided tariff.” + +From what I'm understanding, the White House administration is willing to have swing states targeted by EU/Canada/Australia/Japan/China's trade retaliations (e.g. soybean import restrictions), or is completely unaware of what happened in 2002. I wouldn't be surprised if the EU pulls up their old 2002 tariff retaliation playbook and goes after the swing states again. The question is how the White House will respond? + +EDIT: I also find it interesting that the White House does not trust steel imports from the EU/Canada/Australia/Japan, as they originally proposed the tariff as a "national security" measure. If they all turned against the US during a war (including NATO ignoring the US or disbanding), the US is screwed anyways. + +EDIT2: This trade tariff was blamed for helping kick off the Great Depression. Once that passed, everyone enacted trade restrictions against each other until global trade effectively collapsed: https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act + +(I was strongly considering posting this in the earlier thread, but I had the impression that the White House was not planning on backing down after the tweet today. If the mods want this update in the other thread, I understand.) +Hi. I'm venezuelan, and, simply put, things are bad here. + +I'm not going to go into details, but I have to work multiple jobs in order to put food on my plate. I want to get into Forex trading and my main question is... Is it a viable option to get out of poverty? + +My vision isn't to have fancy cars, fancy houses and all that. I simply want to become good enough so I won't have to worry about money much until I leave the country. I'm aware of the risks, but before I sink the time into learning all there is to learn about trading I want to know if it's worth it for someone who doesn't really have much of an initial investment, but is willing to put in the time and effort to live at least semi-comfortably. +A year ago Ryan was tweeting really cryptically. I believe it was because he was trying to tell us "yes the MOASS is coming" but it was impossible for him to say directly. However as the MOASS approaches, he has begun to be a lot more straightforward. Here are the two main things I think he's trying to say, in case you weren't paying attention: + +&#x200B; + +# Power to the people + +&#x200B; + +[I believe this is his biggest tweet so far](https://preview.redd.it/75ijicz7s8891.png?width=595&format=png&auto=webp&s=f38d05ea3fb559a4f26519f3e07255910834915a) + +This whole thing isn't about just a stock squeeze. It's a financial revolution, it's class warfare, and Ryan is serious about it. He has referenced injustice and inequality coming from politicians and also corporate elite/wall street. Seeing when he uses the phrase "Power to the Players" makes me think it is a way to say "power to the people". By the way, he tweeted this at the exact same time as GameStop submitted their filing allowing for additional shares (and therefore making split dividend possible): + +&#x200B; + +https://preview.redd.it/pjyukksp09891.png?width=600&format=png&auto=webp&s=81b9d7c38dae7eccb057fac1415359db6cfb42f4 + +He also talks a lot about monetary policy and the people managing money. Ryan knows the current financial system is in almost every way possible, fixed to the elite class' benefit. + +&#x200B; + +https://preview.redd.it/dmmv6ltv69891.png?width=598&format=png&auto=webp&s=e788d81146091d5831cdc0e6d4c4c6163fa9071b + +Just as I was writing this post, he tweeted about Wall Street, and it's not subtle. Wall Street is basically just a cost to society that brings nothing good in return. + +&#x200B; + +https://preview.redd.it/yh6tit5jx8891.png?width=593&format=png&auto=webp&s=4d06c3c9ecda0b363b5eaa8922ea77466aac4fd8 + +It's a huge problem that needs fixing. This is where GMERICA and loopring come in. GME isn't just the MOASS stock and the largest redistribution of wealth in history, the company itself is probably also helping build the new financial system. There is no concrete proof for this, but there might be a reason why GME is partnering with loopring, an organization that wants to re-architecture the financial system and make people to go bankless. The MOASS might be the start of the transition from one financial system to the next. A fairer system that works for the people. + +Once we get done with this we can go on to fix society and bring a better tomorrow. Which brings me to the second point. + +# Work + +RC has tweeted many times about work recently. He has also talked in interviews about how much he works and obsess about what he does, to the point of saying he has OCD. + +&#x200B; + +https://preview.redd.it/m5842uq829891.png?width=598&format=png&auto=webp&s=8377fd92d692567d8d094624204622b022af24f0 + +He is saying that he's working on bringing the change we need. But it's also advice for us as the newly "rich class",e just can't be like the old rich class. We have to do what we can to help other people and society, we can't be parasites like they have shown to be. And he knows we'll be different because we've lived as regular, non-top-1% people already, and know what it's like. We need to work on making our society work for the people. Speaking of which: + +&#x200B; + +https://preview.redd.it/r8jj75kk39891.png?width=598&format=png&auto=webp&s=8147944484b87e26e21949f4ccae155899a93579 + +Ryan isn't talking about the CPP here since it (obviously) goes against the principles he has shown. He is making an example of the amazing accomplishments people can achieve when they work towards infrastructure that works for the people. Fast, efficient public transport that is a real contrast to North America's car-centric city planning. Instead of looking only after ourselves post MOASS, we need to change things for the better for **everyone**. + +# Conclusion (and TL:DR) + +Ryan knows the MOASS is coming and he's telling us why he is working on this. This is much more than a get-rich quick gimmick. There is too much power inequality and it's holding us back as a society. He wants to change that and bring Power to the People. It is then our responsibility to to work towards a better future. +It's gotten to the point where I wake up, grab my phone and then proceed to make decisions that involve literally thousands of dollars like it ain't sh*t. All without leaving my bed. Its not like going to the bar and playing quick draw or buying scratch offs where you are using physical money. It's a number on a screen. Now obviously if your constantly depositing money into your brokerage account you'll see that money disappear from your bank but I've been trading with the same initial deposit for years now. + +Hell lately I've been just yoloing the f*ck out of trades and squandering it. I really gotten chill and just let what I got ride out. I'm so disconnected from that number in the account. Yes I feel it when it goes down but it's not the same as seeing money come out of my checking or savings. +Source: interview confirming Branson going through training + +https://youtu.be/BUi09sd9HsQ + +So a few days ago Virgin Galactic had a successful test flight to the edge of space with is VSS Unity spaceship. Afterwards Richard Branson did a interview in which he confirms he is going through training for his own upcoming spaceflight. No one knows exactly when but he’s always talked about hoping to go on his birthday which is July 18th. + +Successful test flight article: + +https://www.cnn.com/2021/05/22/tech/virgin-galactic-spaceflight/index.html +I just want to make sure everyone, especially newer investors, remembers that it's fine not to get involved in these crazy meme stock rallies. + +You might think that all your fellow beginner investors are in on the action and making thousands a day, while you're just working your 9 to 5 and investing in decent companies like a sucker. That's how FOMO works. + +It's easy to forget that there is always a risk of your money plummeting by 90%. + +There are plenty of us who aren't getting involved. Don't sweat it. FOMO is very dangerous sometimes. +Just been reading about the immense amount of uncertainty right now due to rising cases, US elections and global cues - so wanted to ask if it’s a good time to do some profit booking and probably re-enter if and when the market goes down much further? Or is it just a better idea to think long term and hold positions? +What's up fellas at Theta Gang. I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. 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 a post earlier in the week](https://www.reddit.com/r/thetagang/comments/ka2so2/iv_report_highest_ivpremium_tickers_under_50_bucks/) with tickers under $50 + +# 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 (%)|Next Earnings Date| +|:-|:-|:-|:-|:-| +|MARA - Marathon Patent Group Inc|250M|$4.79|194%|N/A| +|RIOT - Riot Blockchain Inc|585M|$8.68|191%|N/A| +|DGLY - Digital Ally Inc.|69.9M|$2.62|179%|N/A| +|QS - QuantumScape Corp - Class A|1.47B|$64.15|156%|N/A| +|AMC - AMC Entertainment Holdings Inc - Class A|427M|$3.93|152%|N/A| +|RIG - Transocean Ltd|1.55B|$2.56|151%|N/A| +|SBE - Switchback Energy Acquisition Corp - Class A|1.19B|$38.28|147%|N/A| +|LAZR - Luminar Technologies Inc - Class A|1.13B|$28.04|147%|N/A| +|SRNE - Sorrento Therapeutics Inc|2.07B|$7.88|146%|N/A| +|TLRY - Tilray Inc - Class 2|1.04B|$7.76|146%|N/A| +|BLNK - Blink Charging Co|880M|$27.11|143%|N/A| +|FUBO - fuboTV Inc|1.86B|$27.55|143%|N/A| +|ACB - Aurora Cannabis Inc|1.4B|$9.80|140%|N/A| +|JMIA - Jumia Technologies Ag - ADR|0|$38.24|134%|N/A| +|GME - Gamestop Corporation - Class A|928M|$13.32|132%|N/A| +|CODX - Co-Diagnostics Inc|288M|$10.17|132%|N/A| +|PLTR - Palantir Technologies Inc - Class A|40B|$27.12|124%|N/A| +|NKLA - Nikola Corporation|6.78B|$17.66|122%|N/A| +|SPCE - Virgin Galactic Holdings Inc - Class A|7.51B|$32.29|120%|N/A| +|CRSR - Corsair Gaming Inc|3.05B|$33.28|115%|N/A| +|HYLN - Hyliion Holdings Corporation - Class A|2.67B|$17.22|115%|N/A| +|NIO - NIO Inc - ADR|43.2B|$41.84|114%|N/A| +|WKHS - Workhorse Group Inc|2.62B|$21.70|112%|N/A| +|MRNA - Moderna Inc|62B|$156.77|107%|N/A| +|U - Unity Software Inc|41.3B|$152.92|106%|N/A| +|APHA - Aphria Inc|2.38B|$7.97|106%|N/A| +|CNK - Cinemark Holdings Inc|1.92B|$16.31|102%|N/A| +|PLUG - Plug Power Inc|11.1B|$26.70|99%|N/A| +|GSX - Gsx Techedu Inc - ADR|0|$62.45|97%|N/A| +|XPEV - XPeng Inc - ADR|0|$44.22|95%|N/A| +|OSTK - Overstock.com Inc|2.37B|$55.42|95%|N/A| +|GRWG - GrowGeneration Corp|1.21B|$32.79|93%|N/A| +|CRON - Cronos Group Inc|2.84B|$8.01|93%|N/A| +|TSLA - Tesla Inc|578B|$607.67|90%|N/A| +|HOME - At Home Group Inc|989M|$15.22|90%|N/A| +|BBBY - Bed, Bath & Beyond Inc.|2.41B|$19.14|89%|N/A| +|SNOW - Snowflake Inc - Class A|101B|$358.94|89%|N/A| +|FSLY - Fastly Inc - Class A|9.8B|$95.82|88%|N/A| +|AAL - American Airlines Group Inc|10.3B|$17.05|88%|N/A| +|FROG - JFrog Ltd|6.23B|$67.96|88%|N/A| +|PSTH - Pershing Square Tontine Holdings Ltd - Class A|5.13B|$25.64|87%|N/A| +|APPS - Digital Turbine Inc|3.86B|$43.16|86%|N/A| +|CCL - Carnival Corp. (Paired Stock)|15.4B|$21.31|85%|N/A| +|COTY - Coty Inc - Class A|5.29B|$6.92|83%|N/A| +|NCLH - Norwegian Cruise Line Holdings Ltd|5.7B|$26.45|82%|N/A| +|CRSP - CRISPR Therapeutics AG|10.5B|$149.97|79%|N/A| +|UPWK - Upwork Inc|4.27B|$34.97|76%|N/A| +|SAVE - Spirit Airlines Inc|2.56B|$26.18|76%|N/A| +|DKNG - DraftKings Inc - Class A|19.6B|$49.53|74%|N/A| +|OXY - Occidental Petroleum Corp.|19.5B|$20.86|73%|N/A| +|PRPL - Purple Innovation Inc - Class A|1.67B|$27.25|73%|N/A| +|PENN - Penn National Gaming, Inc.|11.6B|$74.18|73%|N/A| +|M - Macy\`s Inc|3.44B|$11.09|73%|N/A| +|X - United States Steel Corp.|4.04B|$18.20|72%|N/A| +|ENPH - Enphase Energy Inc|17.7B|$139.44|72%|N/A| +|LL - Lumber Liquidators Holdings Inc|884M|$30.48|71%|N/A| +|CGC - Canopy Growth Corporation|9.88B|$26.46|70%|N/A| +|FVRR - Fiverr International Ltd|6.49B|$201.16|70%|N/A| +|RKT - Rocket Companies Inc Class A|2.41B|$20.83|70%|N/A| +|PTON - Peloton Interactive Inc - Class A|29.9B|$116.71|67%|N/A| +|NET - Cloudflare Inc - Class A|25.3B|$82.38|65%|N/A| +|SEDG - Solaredge Technologies Inc|14.9B|$290.85|65%|N/A| +|CVNA - Carvana Co. - Class A|12.1B|$258.58|65%|N/A| +|UAL - United Airlines Holdings Inc|14.2B|$48.32|65%|N/A| +|RCL - Royal Caribbean Group|17.1B|$76.61|65%|N/A| +|SFIX - Stitch Fix Inc - Class A|3.78B|$60.03|64%|N/A| +|CZR - Caesars Entertainment Inc|11.8B|$69.86|61%|N/A| +|ZM - Zoom Video Communications Inc - Class A|78.9B|$395.35|61%|N/A| +|CHWY - Chewy Inc - Class A|33.9B|$84.80|61%|N/A| +|W - Wayfair Inc - Class A|17.7B|$242.44|60%|N/A| +|HUYA - HUYA Inc - ADR|351M|$20.27|60%|N/A| +|ROKU - Roku Inc - Class A|36.1B|$330.45|60%|N/A| +|GLUU - Glu Mobile Inc|1.58B|$9.18|59%|N/A| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|5.01B|$96.08|59%|N/A| +|PINS - Pinterest Inc - Class A|29.9B|$71.19|59%|N/A| +|NOK - Nokia Corp - ADR|2.67B|$4.04|59%|N/A| +|EAT - Brinker International, Inc.|2.42B|$53.34|58%|N/A| +|CLDR - Cloudera Inc|3.82B|$12.24|57%|N/A| +|CREE - Cree, Inc.|10.2B|$93.05|57%|N/A| +|DDOG - Datadog Inc - Class A|20.6B|$99.25|57%|N/A| +|HAL - Halliburton Co.|17.5B|$19.82|57%|N/A| +|BIG - Big Lots Inc|1.67B|$45.25|57%|N/A| +|TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|11.3B|$10.30|57%|N/A| +|SE - Sea Ltd - ADR|84.4B|$193.02|56%|N/A| +|LYFT - Lyft Inc Cls A|14.5B|$46.88|56%|N/A| +|ETSY - Etsy Inc|21.4B|$169.89|56%|N/A| +|LB - L Brands Inc|11B|$39.60|56%|N/A| +|BYND - Beyond Meat Inc|8.69B|$138.33|56%|N/A| +|SNAP - Snap Inc - Class A|65.8B|$53.59|55%|N/A| +|DISH - Dish Network Corp - Class A|10.4B|$36.02|55%|N/A| +|DAL - Delta Air Lines, Inc.|26.6B|$41.72|55%|N/A| +|GPS - Gap, Inc.|7.79B|$20.89|55%|N/A| +|TWLO - Twilio Inc Class A|48B|$341.19|54%|N/A| +|Z - Zillow Group Inc - Class C|28.8B|$126.01|54%|N/A| +|FEYE - FireEye Inc|3.14B|$13.82|54%|N/A| +|CRWD - Crowdstrike Holdings Inc - Class A|33.1B|$175.91|53%|N/A| +|SPOT - Spotify Technology S.A.|61.8B|$342.22|53%|N/A| +|ARKK - ARK Investment Management LLC - ARK Innovation ETF|14.9B|$124.15|53%|N/A| +|SQ - Square Inc - Class A|92.1B|$216.72|53%|N/A| +|IQ - iQIYI Inc - ADR|16.5B|$22.64|53%|N/A| +|MGM - MGM Resorts International|14.9B|$30.16|53%|N/A| +|WYNN - Wynn Resorts Ltd.|12B|$110.92|52%|N/A| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|2.76B|$83.61|52%|N/A| +|YETI - YETI Holdings Inc|5.94B|$68.11|52%|N/A| +|TTD - Trade Desk Inc - Class A|38.8B|$923.60|51%|N/A| +|ZS - Zscaler Inc|24.4B|$181.31|51%|N/A| +|TDOC - Teladoc Health Inc|28.9B|$199.25|51%|N/A| +|BA - Boeing Co.|130B|$230.66|51%|N/A| +|PBR - Petroleo Brasileiro S.A. Petrobras - ADR|23.3B|$11.06|51%|N/A| +|SMAR - Smartsheet Inc - Class A|8.79B|$71.86|50%|N/A| +|SHOP - Shopify Inc - Class A|120B|$1054.05|50%|N/A| +Hello everyone, i hope this is the right place to get some help. + +I just got a job offer from Ireland, Packaging/Manufacturing related role in Clonmel, 50k€/y. + +Right now, for a similar role, i earn roughly 28k€/y in Rome but with atrocious hours (4 work days, 1 off, night shifts, sat-sunday included). I'm an industrial chemist (no ultra big salaries like STEM workers, my bad), 28yo. + +Only thing i know about Ireland (cost of Life related) is about insanely high house rent prices. While Rome is expensive it's nowhere near Dublin, but i don't know much about other areas. + +Is It a serious improvement? I don't mind relocating at all. +Also, how common is a salary raise there (speaking in general terms)? +It's not uncommon here in Italy to work for the same company 3-4y with almost no pay increase (i have 7y of experience with roles ranging from QA to the Packaging area, but with very little raises) + +Thank you! +**Why this is important:** +With the recent Equifax breach, plenty of people have put freezes on their credit reports (for good reason). But if you only froze one, someone can now still take out a loan on your name if they have the rest of your info. + + +**What changed:** +Until recently, Fannie Mae required all three credit reports to actually report for them to buy a loan from a bank. The change now allows for your report to be frozen with one credit reporting agency, but the other two must be unfrozen. + +**Why this matters:** +Your local bank might sell the mortgages they originate to Fannie Mae. Many small and even moderately sized banks have investors they sell mortgages to. Fannie Mae is one of the largest investors here. The loan must be originated and underwritten to Fannie Mae’s standards for them to purchase it. This means that Fannie Mae’s guidelines impact your local banks’ guidelines if they sell to them. This change means that other banks will now be allowing this same thing. So if you’re worried about your credit but didn’t freeze it with all three agencies, do that now. + + +Edit: source—I’m a technical writer at a bank and am rewriting our internal procedures on what we accept based on the above as I type this. + +Edit 2: I’m not suggesting Fannie Mae originates loans. The thing is that their decisions as an investor will impact how banks do business. Fannie Mae says they’ll take loans that are riskier? Banks that sell to Fannie Mae will start originating those riskier loans because they know they can sell them. This is about Fannie Mae (being a large investor) saying they’ll take loans with one frozen score, so some banks will start accepting that too and not require that it be unfrozen. All I was saying was, if you were concerned but thought freezing one or two was good enough, that’s not necessarily the case. +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! + +This happened 5 minutes ago, + +I was enjoying the surge in Silver/Dollar pair, and closed happily 3 positions with a profit of $7700. I closed all positions to opened again another position with the same size, 5 lots. + +I don't know why I typed 50 instead of 5 lots! Closed the position immediately after I realized what happened! + +Be careful people, and think twice before you place your orders. + +\- Update: + +Thank you for every comment you posted, your kind words helped me to pass through today's shock. I hope such a disastrous mistake won't happen to anyone in the future. + +\- Update 2: + +Thank you, everybody, for your support. I have recovered almost 85% of yesterday's loss and I'm in again. Forex is a tough business, if you fall, never give up. Try again and again until you succeed. + +https://i.redd.it/i72fmzh330f31.jpg +If the shfs were really all powerful they wouldn’t be panic short selling the instant the price goes up even a couple bucks. They’d be employing a more global, long-term strategy of domination that’s not so reactionary and knee jerk. + +While on the surface trading sessions over the last weeks have shown them seem to exert almost total control over price movement, when we look deeper we see that the fierce, instant, reactionary nature of their attacks is indicative of a cornered animal fighting for its very survival, not an all powerful entity in total control of the situation. +I've been seeing people talk about what $10k and $100k would mean to them. This has to be FUD, we haven't thought of those numbers in forever and you'd be absolutely dumb to sell for that low (in my non financial advice opinion). + +What ape here ever thought of those numbers recently? Should be about 0 of us, it's insulting people even reference these numbers. We've come too damn far. I'm not in this just for me, I'm in it for my family, for you, and your family. $25mil is the floor, anything under XXmil is FUD. +I saw our portfolio, mostly in index fund, drop in a blink of an eye. I stuck to my guns and didn’t sell a penny. I did debated whether to sell some, at least the losers for tax loss harvesting. But today is where I’m starting to second guess my decision. + +How has the market affected your fatFIRE plans? Did you sell just in time? Anyone still buy and holding? Is anyone actually looking into putting more money in now, if so what investments? +Remember the Republicans shut down the government over an imaginary debt ceiling they just drew on the wall? They literally stopped governing over it. We're $25T in the red now, several times bigger in debt. + + [https://money.cnn.com/2013/01/23/news/economy/debt-ceiling-house-republicans/index.html](https://money.cnn.com/2013/01/23/news/economy/debt-ceiling-house-republicans/index.html) +Doing some numbers, it seems that there are always better avenues than buying a flat regardless of whether it’s for staying or investment, lump-sum or loan. + +1. Buying a flat on loan and renting for investment; looks like equity seems to be a much better option than this investment. Up-front investment for what would’ve been the down payment, and SIP for what would’ve been the EMI. +2. Buying a flat to live in, on loan: seems that renting the flat instead of buying, and investing in equity is better again, comparing overall yield when selling after 20 or 30 years and taking capital gains hit on the flat. +3. Inheriting a lump sum and buying a flat to stay in. Again, taking the capital gains hit up front and equity investment plus renting a flat seem to work out better over 30 or 40 years (although at around 20 years they look comparable) than buying a flat, living in it and selling it at the end. +4. Even buying a small house in another location, renting that out, and paying rent for a flat (even if the flat rent is 2x that of the rent the house fetched) seems to be a better investment, for a 30 or 40 year shelf life. +5. To pass on to kids. Even for this purpose, a house in another affordable location looks better because in the flat the building would’ve depreciated so much, and the UDS value would be comparatively peanuts. + +So overall.. never buy a flat? Buying equity or a house or land, and renting a flat if necessary to stay in, appear to be better investments? + +I guess numbers aside, that kinda makes sense for the long run. A 40 year old piece of land, no problem selling it. A 40 year old house, no problem. Equity (index funds), doesn’t really matter how old it is. But who wants to buy a 40 year old flat? + +EDIT: I should've included some assumptions I made to arrive at these general thoughts. + +* Inflation at 7.5, house appreciation at 10%, equity returns at 10%, flat appreciation at 9% +* Overall outlay at Rs.55 lakhs (50L flat, 5L extas, 40L loan, 15L EMI) +* Maintenance per year Rs.50K and property tax Rs.15K (adjust these numbers for inflation every year) +* Flat rent Rs.15K, house rent (outside city) Rs.7.5K per month +* Rent keeps up with inflation + +*(I know these are broad assumptions and reality won't necessarily be the same, but some kind of assumption is needed to arrive at general direction)* + +Also yes, this is more of the financial angle than emotional. Kinda like buying a car. When it makes more practical and less financial sense, I guess it becomes more of an expense than an investment. + +A couple of in-betweens maybe: + +* To the point about psychological "roof over head" feeling - my feeling is that if I go the "house in a smaller town, rent flat in city" route, there is always the psychological reassurance that we can go running back to our own house if needed. +* I agree with one compelling reason why many people buy flats: if they don't, they wouldn't invest! They would earn or save less (like one partner not working), which would defeat all this maths. +* Also another thought - I wonder how the value of **villas (row house type)** that seem to be getting popular, will hold up. I feel like in the long run they will be a "middle of the road" value between flats that depreciate, and houses that are impossible to get into for budget reasons. + +Thoughts? +When reinvesting dividends should you use each individual dividend for that individual stock, or use all your combined dividends to one stock at a time and go through a cycle? +Hi everyone, + +Long time lurker and was 48k in student debt last December. Made a commitment last year to get out of debt. First, off I went the opposite direction and took a $3,500 digital marketing course. That allowed me though to land a higher paying job as a marketing manager for a professional services firm. + +I already had an emergency fund of 5k and my new job didn't let us get in the 401k plan until a year in (since has been changed). I put everything I made into my loans, besides rent & utility, cheap food and didn't buy anything like new clothes or luxury items. I then got a gig doing private security at events like Pax East, Comic Con, Apple and at hospitals that paid any where from $20-30hr. Would do these sporadically for anywhere from 10-40 extra hrs a week and huck it am my loans. I also signed up for Rover.com and took care of about 40 different types of dogs. + +The final push is when I started driving Uber. I work in Boston right next to a college so after work it would often be surging and I'd drive for hours after work. I got addicted and would try to bring in an extra $500-800 week driving. Lots of caffeine and not going out on weekends. Kept track of mileage, driving expenses and expected taxes. I also made and extra $1600 referring four drivers + +I was making quick headway, but was getting really burnt out. I would occasionally take a weekend off to recharge and then get back at it I would fantasize about hitting a scratch ticket for the last 10k or a gift from a long lost relative. Then fate intervened. At my old job we had a pension program I never paid attention to because they said it was going away. Well one day I get a call from my old CFO the plan was frozen and I was being paid out a little over 10k. I could either take it as cash and pay 3k in taxes & fines, or roll it over. I was extremely tempted to take it and run, but after talking to my CPA coworkers, decided to suck it up and roll it over into an IRA at Wealthfront. + +I drove a shit ton of uber the last two months, put my whole work bonus and all my Rover funds towards the last 10k. I was down to 3k last night and used 3gs from my emergency fund to finish it off. It was a very long process, but I'm glad I'm done. Now have to replenish the emergency fund and save up for taxes (saved a bunch, but got greedy towards the end putting it all at the loan). + +I'm done and am looking forward to having more free time for fun, learning more skills to get a better job and getting back into fitness. I also made my first post loans splurge purchase..new Retro Jordan 9's..don't know why I wanted them, but I did. 😎 + +Edit: thank you to everyone for their kind words. I'm done replying for a while, please search the thread if you have questions, I think I answered most of them somewhere. Have a great day and let's go Pats! +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! + +whatever may be the project, how can something that was launched just 3 months ago become top 5 . it takes time for people to even to understand the concept behind this project. + +INSANITY AT ITS BEST +I have around 10k USD and I am looking to invest it somewhere which is safe. I don’t want huge returns but I just want a steady, decent cash flow. Any suggestions? I’m new here btw. +I'm just wondering why people think CAT may be overvalued at a PE in the 20s if they think that. + +Are industrials supposed to have a pe under 20? + +Would 200 be a good entry into CAT for a long term position? I would only buy 2 shares or so at a time. Dca in. + +Cramer is always pumping CAT. + +My other industrial plays are UNP and ODFL. + +I heard CAT may do well this year especially? +What’s the best definition of “lose” in Rule Number One? + +I’ll propose that it’s best viewed as a standard, not a rule, and that it does not prescribe any specific conduct in any specific situation. +It’s an honest question. I’ve never heard Buffett talk about using EPS or even Free Cash Flow in his analysis. + +He talks about mainly pre-tax income as well as net earnings / net income (and has made a point in his letters that he doesn’t put much weight into cash flow numbers). He’s called them “absurd”. + +In the past when I’ve posted my due diligence / analysis on this sub on companies that have massively grown their pre-tax income they’ll be other investors who comment but only see / point out declining cash flow. + +On a personal level I’ve always ignored cash flows as well as EPS numbers and have focused on pre-tax income, net income, retained earnings, the growth / expansion of operating margins, and the growth of the cash balance on the balance sheet when judging the strength / quality of a business. + +From a valuation standpoint I’ve always looked at pre-tax yield. + +I’d love your thoughts / some perspective… + +Like Munger I’m always looking to invert so I’d love to hear where my analysis (in terms of the numbers above I focus on) may be flawed. +safemoon website - https://safemoon.xyz/ + +safemoon whitepaper -https://safemoon.xyz/wp-content/uploads/2021/03/SAFEMOON-WHITE-PAPER.pdf + +Memecoin with huge potential! + +100% community-owned, automatic LP and RFI static rewards - what's not to like? + +SafeMoon employs 3 simple functions: Reflection + LP acquisition + Burn-In each trade, the transaction is taxed a 10% fee, split 2 ways. - 5% fee = redistributed to holders - 5% fee is split 50/50, half of which is sold by the contract into BNB and paired with the remainder of the $SAFEMOON tokens and automatically added to the liquidity pair on Pancake swap. + +Make sure to join the Telegram group. + +GET IN EARLY WHILE YOU + +edit - I forgot to mention that it's being listed on Hotbit around some time next week so get in before it TRULY TAKES OFF!!!!!!!!!!!!!! + +EDIT - We have done a 5X since I posted this and we aren't even listed on WhiteBit yet!!! This will be insane once we get listed and millions of people can purchase it from there!!! +>Barclays has been forced to withdraw mortgages for certain customers after coming close to breaching a regulatory limit on lending to higher-risk borrowers. +> +>The UK bank shocked customers last week when it reduced the maximum they could borrow from 5.5 times income to 4.49 times without notice. The change affected borrowers who had already agreed mortgages, putting some property purchases at risk of collapse. +> +>The decision was made after Barclays came close to a limit imposed by the Prudential Regulation Authority, the banking regulator, stipulating that no more than 15 per cent of mortgages for each lender can have an income multiple of 4.5 times or above, according to people briefed on the decision. +> +>UK banks have been inundated with mortgage applications in recent weeks as the temporary cut to stamp duty has led to soaring demand for property, with UK house prices hitting record highs last month. +> +>Barclays said: “We recently announced some changes to our loan-to-income limits. As a responsible lender, we made this decision to ensure we continue to adhere to regulatory obligations.” +> +>Brokers fear other lenders could be forced to take similar action in the coming weeks. +> +>NatWest made changes to its mortgages last week, reducing the maximum loan-to-income rate it offered self-employed customers from 4.9 to 4.25 times. +> +>Brokers added that the Barclays decision came as a blow to borrowers since it covered existing applications — those where an agreement in principle has been made and an applicant may have paid for a survey or legal fees and is waiting for the lender’s confirmed offer to exchange contracts. +> +>It may also have an impact beyond Barclays’ borrowers by holding up homebuying chains. + +[https://www.ft.com/content/a1a0cb39-43de-411a-9fa1-22db4bb0568e](https://www.ft.com/content/a1a0cb39-43de-411a-9fa1-22db4bb0568e) + +&#x200B; + +**Interesting move - we will likely see more of this in the very near future.** +After 10 years on the FIRE path, a net worth of $650,000 and a long time believer in renting your way to FIRE, my mind has been changed. Our building was sold to new owners and we found out that we will need to find a new place to live. Before you ask, the new owners have followed all the rules and are legally repossessing our rental for themselves. + +Rent in our area has increased a lot so the prospects of finding something similar at a similar rent is zero. The stress of moving my family, possibly needing to change schools and daycares and leaving the neighbourhood we love has been brutal. We have decided to buy in our neighbourhood. There are a lot of pros and cons to buying vs renting. The upfront cost is high and it may negatively affect our time to FIRE by a few years but the security for our family is worth it. Every person's situation is different I just thought my experience can add to the debate. +Sometimes it feels like once you sell there is urgency to pick the next stock and get your money reinvested. + +Don't fall for fomo like that. It is perfectly okay to look at the options for a day or a week and say that nothing sound appealing to you. It is okay to just sit on your earnings for a brief timeframe until the right stocks come along that feel like the right timing for you. + +This has been very helpful to me as I had that feeling right before the red week of doom started last week. I sold most of my shares of stocks and nothing felt good on Friday so I started Monday with most money not invested. + +Just don't force it and feel like you have to be all in every night. +I know OG apes have seen this multiple times but for newbies or for those who have never heard of this or doubt MOASS can happen, think about this amazing story about this town that believed their DD, invested what they could, never gave up, and many became generational millionaires. + +TLDR: During the Great Depression, a banker convinced struggling families in Quincy, Florida, to buy Coca-Cola shares that traded at $19. Later, the town became the single wealthiest town per capita in the US, with at least 67 millionaires. + +(I literally just copy pasted this [2013 article](https://www.joshuakennon.com/how-quincy-florida-became-a-town-of-secret-coca-cola-millionaires/) but you can look up ["coca cola millionaires"](https://www.google.com/search?q=coca+cola+millionares&ei=2EbLYpXuKqqsxc8P_cmUmAg&ved=0ahUKEwiVuqCOpO_4AhUqVvEDHf0kBYMQ4dUDCA0&uact=5&oq=coca+cola+millionares&gs_lcp=Cgdnd3Mtd2l6EAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwguELADEENKBAhBGABKBQhAEgExSgQIRhgAUABYAGCcBGgBcAF4AIABAIgBAJIBAJgBAMgBCcABAQ&sclient=gws-wiz). + +&#x200B; + +https://preview.redd.it/wxaeb6swata91.jpg?width=3200&format=pjpg&auto=webp&s=2880464e39fc5003f98947341331d27707d03f0f + +&#x200B; + +**How Quincy, Florida Became a Town of Secret Coca-Cola Millionaires** + +In the 1920s and 1930s, a banker named Pat Munroe in the small town of Quincy, Florida noticed that even during the depths of the Great Depression, otherwise impoverished people would spend their last nickel to buy a glass of Coca-Cola. With good returns on capital, and a once-in-a-century valuation so low that the business was trading for less than the cash in the bank, “Mr. Pat”, as he was called, encouraged everyone he knew to buy an ownership stake in the firm. He would even underwrite bank loans, backed by Coca-Cola stock, for his responsible depositors to encourage people to acquire equity. + +Coca-Cola Stock SharesCoca-Cola had gone public at $40 per share but a conflict with the sugar industry and its bottlers resulted in a 50% crash shortly thereafter, when it reached $19 per share. Focusing on the bottom-line profits, and the power of the brand, Pat Munroe kept buying. And he kept telling everyone else to buy, too. + +That one observation, and Mr. Pat’s business skills in convincing others to buy assets that produced cash irrespective of short-term market fluctuations, not only changed lives, it saved the farm town during the Great Depression as the local economy was supported by Coca-Cola dividends. It has also supported the town in “every recession since”, according to the man who now runs the trust department in the bank that was once headed by Munroe. + +When crops fail, it was the Coca-Cola cash that kept people employed. When the national economy collapsed, it was the Coca-Cola cash that allowed people to stay in their homes. When times were good, and Coke was cheap, more shares were purchased. + +Quincy became the richest town per capita in the entire United States at the time. At least 67 appropriately dubbed “Coca-Cola millionaires” amassed significant fortunes before passing those fortunes on to their children and grandchildren, in some cases through outright gifts and in other cases through the use of trust funds. The bank where it all started has Coca-Cola on display and, as of four years ago, a staggering 65% of the trust assets under management are still invested in Coke stock. (Coke has had a nice run since then as profits increased and the world recovered from the crash in 2009, so I’d imagine it is even greater today, all else being equal.) + +# A single share with dividends reinvested is worth $10,000,000 in 2013. It would be gushing $270,000 in pre-tax cash dividends to the owner by sending a check for $67,500 or so in March, June, September, and November of each year. + +One share. One. Had great-grandma and great-grandpa picked up a round lot of 100 shares for $1,900 to $4,000 depending on the purchase price, they’d be sitting on a billion dollars, excluding the effects of estate taxes. (To see those kinds of returns, take a look at the old Sun Trust Bank annual reports. The bank received $100,000 in Coca-Cola shares during the IPO for its part of the underwriting deal and kept the stock in the vault for generations. It grew into billions upon billions of dollars, gushing out tens of millions of dollars a year in dividends that supported the bank’s balance sheet.) + +Quincy, Florida, and Pat Munroe, are one of my favorite case studies. It was a group of people who decided to ignore the stock market entirely and focus on the one metric that matters: The profit generated by the business, and to a lesser extent, the percentage of that profit that was received each year in the form of dividends. +I've been in Bitcoin since Dec 2010 and I've made and lost a lot along the way, on both Bitcoin and various shitcoins. + +For me crypto has always been mostly about the Libertarian philosophy and a way to try to cling on to some autonomy and freedom in an increasingly unfree world, but seeing fiat values increase is always fun as well. 🙂 + +Anyway, I like this subreddit and have mostly been a lurker here until today, although I do comment occasionally. + +**I want to share a token with you that I've invested in and believe has the potential for at least a 25x but maybe 100x or more.** + +**Bifrost - $BFC** + +It's a small cap token that I believe is massively undervalued because the use case will be **huge** in the coming years. + +*Bifrost are building what could best be described as an SDK (Software Development Kit) for developers that functions as a bridge between different blockchains.* + +We all love Ethereum because it was first with smart contracts, and most of us have done very well from investing in ETH. + +However, apart from the scaling issues and ridiculous transaction fees that we're all so acutely aware of, Ethereum also has some other issues. + +One such issue is that it's very easy to build smart contracts on Ethereum that are insecure. Not because you're meaning to, or even because you're a bad programmer, but just because of how Solidity works as a programming language.🤷‍♂️ + +Anyway, this isn't going to be a massive post comparing the new blockchain networks, so sorry about the rant!🙄 + +**Let me get to the point:** + +It's quite hard to know which chain is going to win. I like Avalanche and Elrond and Solana and even Cardano (although I feel they're too slow with development), but I also like Ethereum! + +I'm not a developer but I've hired many over the years and even though some developers have their favourite chain, many are still conflicted. + +This uncertainty in combination with Ethereums scaling problems makes it hard for new DeFi (and other projects) to decide which chain to build on. + +**Bifrost solves this problem in an elegant way.** + +When you're using Bifrost you can build Dapps across more than one chain, so you can put some functionality on one chain and some other functionality on another, and Bifrost will make everything work seamlessly in the background.🙂 + +**There are others doing similar things such as **$REN** but REN has a market cap over $1 Billion, whilst Bifrost has a market cap below $20 million...** + +So why has Bifrost been forgotten? Don't they have enough competent developers? Are they behind the curve or building something worse than $REN for example? + +**I don't think so...** + +Bifrost has an entirely South Korean team, and they don't do any shilling to speak of, at least not in the West. In fact I can't see that they've done much of any marketing at all so far.🤷‍♂️They've just been building their product. + +*They have at least 12 full time developers that I know of, maybe more, plus designers and many other staff. It's a reasonably big project, and I think what they've been quietly building in the background could revolutionize the DeFi space in the coming years.* + +This is not only because they have a good product that solves a massive problem for anyone wanting to build a project in DeFi and don't like the compromisises that come with each chain. It's also that they are almost finished with their SDK. Even though they are using their own programming language for Bifrost, **the SDK means that it will be very easy for developers to connect a Dapp across two chains.** + +In my opinion the market cap of Bifrost should be **at least $200 million** today, *without* the upcoming news that's coming in less than 4 days. That would put the fair value of this project at 10x the current price. + +The thing is that something *BIG* is also going to be announced in less than 4 days. They haven't yet said what it is, only that they are making a big announcement on March 6th... + +**I'm going to take a punt and say that they are going to announce on March 6th that they've now incorporated Bitcoin into Bifrost as a working product!** + +**I could be wrong**, but I know they've been working on this for some time now. + +Whoever becomes the first one to create a bridge between Bitcoin and Ethereum, (so developers can build Dapps across both chains), is going to have a **massive advantage,** and I believe this will be huge news if this is indeed the announcement. + +So today on March 2nd **Bifrost $BFC** (be careful there are shitcoins using the same tag, always copy the contract code from Etherscan when adding it to your wallet/Uniswap!), cost less than $0.05 (5 cents), and the market cap is less than $20 million. + +**My prediction is that if you see this post for the first time in 3 months (say beginning of June 2021) the price for Bifrost will be AT LEAST $0.50 and the market cap $200 million, and if you check back in 12-18 months, (March 2022) I bet the market cap will be more than $2 Billion and Bifrost will cost you around $5 to buy.** + +Please come back to say thank you when you've become rich in fiat thanks to this post, and may all your coins moon! 🙂🚀🚀🚀 + +PS. Although I've invested in Bifrost I'm not trying to *"shill this token"*, simply because I don't need to, Bifrost will eventually rocket anyway at some point.🤷‍♂️ I've also not posted this anywhere else, so you guys are the first to see it. I just enjoy this subreddit and wanted to give something back. Enjoy.🙂 + +**Edit: Sorry I wrote this post last night when the price was below $0.05 but didn't post it. The price has now started to move a bit.** +Now that the former CEO's girlfriend is the new CEO, we can be rest assured that there will be no further need for posting AHI loss porn... + +&#x200B; + +https://preview.redd.it/hkvxaun62kj81.png?width=937&format=png&auto=webp&s=fe58dc301be3a810829561e88f539a2ec3514dec +I see many people on the far left say this, "The thing is that Marxist political economy and mainstream economics are usually interested in answering different questions about the economy, but there are however some areas of Marxist thought that overlaps with macroeconomics. For a rather short paper on this subject i recommend reading Fred Moseley's reply[\[1\]](https://www.mtholyoke.edu/~fmoseley/working%20papers/BLAUG.pdf) to Mark Blaug's appraisal of Marxist thought. For a larger introduction to Marxist thought i recommend Duncan Foley's book *Understanding Capital*." + +What do you guys think about this? +Basically I would like to understand whether it made sense to have fewer children with a higher standard of living despite the inversed population pyramid that is now developing. + +Thanks in advance. +I’m a physician in the Bay Area. Feeling the burnout now more than ever, not sure how much longer I want to continue clinical medicine. There are obviously consulting and startup options which include more risk. Wife also has a six figure income, but we are definitely not ready for RE yet as we still have young kids. + +Just curious to hear from any other physicians who left clinical medicine and were able to FIRE and particularly fatFIRE. +I was hoping for some advice regarding a mortgage application I’m hoping to make. + +My mom recently said she’d be interested in helping me buy as a mutual investment with us both named on the mortgage, her neighbors a mortgage broker who’s willing to help us out. + +However I’m a bit worried about my bank statement, which they’ll look at at some point. Basically a couple of times in the past month ago Ive paid for one of those online cam girls, I’m worried about the broker seeing this and potentially passing on this info to my mother; ridiculous thing to worry about at 30 but there we go. + +The transaction reads:awork.co.uk + +I’m wondering if there’s a way to remove this transaction or change the name? + +Is this likely to come up? It’s not a lot of money about £10 3 or 4 times in the past 3 months. +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/ywAGqfUAQE). +As per the article from VRO ([https://www.valueresearchonline.com/stories/48692/are-index-funds-over-rated-nowadays/](https://www.valueresearchonline.com/stories/48692/are-index-funds-over-rated-nowadays/)), index funds are over-rated. + + +I am interested in feedback from people if it's worth to make Index fund as core part of our portfolio. +Like Index fund from US market, is the Indian Index fund mature & robust enough? +So most of my income is capital gains (equity + debt + dividend). Can I invest in NPS to get the extra 50k deduction over the 1.5l in 80C? For me, ELSS is the only good option for 80C. + +I am 22 and I am almost certainly going to move out of India within the next couple of years or so. I would still be generating a good enough income from capital gains and probably rent after becoming an NRI (in my current plan). The only reason I want to invest in NPS is tax savings. + +Given all of that, does NPS make sense for me? +If you haven't noticed everyone keeps promising rocket ships, the problem with that is when they fail to launch- all that metal, plastic, and junk ends up in our oceans. Here at BabyShark, we're focused on the clean-up of all this space debris that keeps falling from orbit and we have a plan to do that. + +&#x200B; + +🦈Sharkonomics: For every transaction made with BabyShark tokens, 8% is removed to benefit holders. 3% of every transaction automatically gets redistributed to all current holders; 3% is locked away into the liquidity pool and the other 2% is added to the charity wallet. This works to reward those who hold over a longer period of time with a bigger percentage of the total circulating supply. + +We are currently in the process of forming a partnership with the Gili Shark Conservation [https://www.gilisharkconservation.com/](https://www.gilisharkconservation.com/) + +&#x200B; + +We will be donating to them bi-weekly and updating on the progress they are achieving through your help and all of us. + +&#x200B; + +At the center of the coral triangle, they feature some of the largest variations of sharks, we hope to help preserve them and make a difference! + +💰Total Supply 1,000,000,000,000,000 + +🔒70 % of the supply for LP — will be locked at launch + +👛2.5% For Dev/Marketing Wallet + +The rest of the supply was burned + +Social Links + +Telegram Group: [https://t.me/BabySharkToken](https://t.me/BabySharkToken) Come talk to us in our telegram pre-launch for our AMA! + +Website: [https://www.babysharktoken.com/](https://www.babysharktoken.com/) + +Twitter: [https://twitter.com/BabySharkToken](https://twitter.com/BabySharkToken) + +Contract: 0xcc9b175E4b88a22543C44F1cC65B73f63b0D4EfE +I feel like an idiot but I’m just now realizing that these two things are different (I think)? Can someone help explain this like I’m five? For context, my income prevents me from contributing directly to my Roth IRA but I did set up a mega backdoor contribution. However, it sounds like the backdoor roth is a separate contribution allowance and something I can do in tandem with the mega backdoor. Is that correct? +For context, I come from a conservative family that loves capitalism. A lot of the economics I learned in school and from books (like Naked Economics) gave me the impression that economists agree: capitalism is good for the economy, socialism is bad. (I also understand that there is a spectrum, and it's possible to have elements of both in an economy). + +Now I'm going to school in California, and everyone here HATES capitalism. No one says that they are socialist, but in class discussions people express socialist ideas. I can certainly understand why people are so frustrated with capitalism (extreme inequality, externalities, etc.) but I'm having a hard time completely rejecting the idea of capitalism. I was taught that market economies have weaknesses, but that's where the government should step in. + +I don't mean to spark a big debate with this question. Neither my parents nor my classmates are economists, and I just wanted to get an economist's perspective. What are the economic facts that everyone agrees on? I know this is a big topic so I would love suggestions for books/ documentaries/ podcasts that might help me learn more. +U.S. job growth turned negative for the first time since April in the final month of 2020, as the pandemic that rocked the economy over the past year dealt yet another blow to the labor market. + +The Labor Department released its December jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: + + +Change in non-farm payrolls: -140,000 vs. +50,000 expected and a revised +336,000 in November + + +Unemployment rate: 6.7% vs. 6.8% expected and 6.7% in November + + +Average hourly earnings, month-over-month: 0.8% vs. 0.2% expected and 0.3% in November + + +Average hourly earnings, year-over-year: 5.1% vs. 4.5% expected and 4.4% in November + +https://finance.yahoo.com/news/december-jobs-report-payrolls-coronavirus-pandemic-2020-labor-200212779.html +I believe the main reason for the wait right now is the launch of counterfactual wallets. Daniel Wang specifically hinted at this while being interviewed about smart wallets and the counterfactual wallet update. + +*”Right now on the Ethereum mainnet, each wallet will cost about 650K gas, which translates to, you know, about $100 sometimes.”* + + +**”This is a huge barrier to our massive adoption.”** + +*”So the idea now for us is that we want to allow people to try more wallets before they pay for the wallet creation.”* + +Link to interview: + +https://medium.com/loopring-protocol/counterfactual-wallet-nfts-on-loopring-229d38a3c28a + +To put it simply, Counterfactual wallets are kind of like a try it before you buy it approach to creating wallets. They also remove the roadblock to massive adoption. + +So simply put, why launch a marketplace without removing that massive barrier to new user adoption? They would set themselves up for failure if they did. This is why I believe it makes complete business sense to launch the NFT Marketplace alongside the counterfactual wallet release. + +Okay so when does this counterfactual wallet get released? Well I’ve asked multiple times and they are very hush hush and respond vaguely. So this got me very suspicious! Why the secrecy unless it is tied to the marketplace? That’s when I read that medium interview, it really started creating a wrinkle on my smooth brain. + +So I did some digging and found this discord post that a redditor shared with me. This gives us our best confirmation of a release date for the counterfactual wallets. + +https://m.imgur.com/a/8RY0gnW + + +You apes ready for next week? This discord response was made on 10/22, which means counterfactual wallets would release on or around 11/5. + +Remember remember the 5th of November! + +I should also note that publicly traded companies (like GME) love to release news after hours on a Friday in order to build up hype for Monday’s trading session. Also, What’s everyone going to be talking about around the dinner table on Thanksgiving? This release allows for that hype to spread fast and just in time for the Christmas shopping season. + +To jack your tits even more, here is a summary of all the theories converging on November 5th in addition to mine! + +1. ⁠Twitter Banner Double Countdown starts after the banner has been consistent for months (6,5,4,3)...after apes notice, the countdown pauses. +2. ⁠Mario Party Superstars Banner (2) - countdown continues with "Final Countdown" game edited from original banner with 2's edited in. +3. ⁠Call of Duty: Vanguard (1) - signals the end of the "Final Countdown" - November 5th. +4. ⁠90/60/30 tweet interval from Ryan Cohen led us to 70/40/10 interval between Ryan Cohen tweets and November 5th. +5. ⁠Gamestop tweets the same Alien quote referencing the November 5th tweet by Roaring Kitty/DFV "In an Infinity Squeeze, nobody can hear you scream". + +Thanks to u/Altruistic-sir-6329 for the summary and of theories! + + +Buckle up Apes, the end is here. +When is anything ever enough? Payrises are just temporary dopamine rushes. Houses in a good area are unattainable for people in my generation. I just don't see the race ending anytime soon. +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jun 29 2022): **174.2** + +---- + +→ Change from 2020 peak to now: **+27.2%** + +→ Change from all-time high to now: **-1.4%** + +→ Change from now for prediction to be correct: +**-60.7%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.3%** + +⇒ Average monthly change since all-time high: +**-0.8%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +I have a “Is this normal!?” Question. + +Update at the bottom + +So my wife and I (30M/32F) made an offer on a house in Brisbane on Saturday morning, the agent said they would get back to us at 4pm. + +At 4pm she rang us and said there were 5 offers and we would have to increase to stay in the running. We did. This happened about 4-5 times, so effectively it turned into a silent auction. She would not tell us explicitly the price we were up against but kept letting us know we weren’t in the running unless we increased. +Each time she rang, We would discuss before texting through another offer. I imagine the other buyers were doing the same, also the owner, as the phone calls were 30-45 mins apart. + +My wife and I were at an afternoon bbq and started drinking socially. At about 5:30 we decided to bow out of the race, partly because we were sick of the process and wanted to enjoy the party. We aren’t in a hurry to buy, so we aren’t bitter about losing this particular opportunity. + +The whole process seemed dodgy though so I wanted to know if this is a normal practice? + + +UPDATE: +Re: “Just put your final offer on the table and if not walk away”. In this case our final offer before bowing out was 63k more than asking price, and while I believe the asking price was under valued, no one would lead by overshooting the mark by that margin. + +Anyways Got a phone call from the agent this afternoon. +The story goes when it came time for the ‘winning’ bid to sign the contract, they wanted a special condition based on them selling their current house. The agent told me the owners weren’t keen on this. She verbally told me the exact dollar amount the winning offer was (asking price plus $73k) and asked if I wanted to match it. +There are some non-price criteria that gave us an edge here, the seller ideally wanted 90 day terms (worked perfect for our current rental lease end date) and we also were happy to go unconditional for finance (just conditional on building and pest). + +In the end I held out on asking price + $63k. +The agent took some time and then got back to me to say we missed out, a third party matched them at asking price + $73k. +I am ashamed to say I texted back offering asking price + $73k plus my non-price criteria but the deal was already done with Others. +Agent reckons Don’t worry I’ll find you another house!” + +So pinching pennies in the end cost us this deal. Never done this before though so at least we learned something I guess. +But jeez it would be a lot easier without the cat-and-mouse games. There is no denying it’s an effective tactic though. +Seriously. I walked into my state's job center and asked if they knew about any training opportunities. They told me about a program that pays for tuition, fees, and supplies for the entire RN nursing program (ASN). This grant is also for training for LPN, EMT/Paramedic, radiology tech, phlebotomist, CNA, and some other medical professions. + + +All I had to do was be poor as fuck(200% of poverty level, I'm way below that), have a GED/HS diploma and be unemployed. I filled out the application and just got an email today saying I was accepted. + +**You guys should check at your local job centers and see what they offer. It was easy.** + +This seems like a good way out of the minimum wage dead end jobs. + +Edit: Wow! Thanks for the gold kind stranger! :D +I understand there are monthly dividends and methods to receive a quarterly dividend every month. I wanted to know if there is any major advantage/ disadvantage to exercising one over the other. I have two small dividend accounts so far(fidelity and Webull) I don’t get why someone wouldn’t let just say buy a “buttload” of those monthly dividends like some of the credit sussie stock products out there(some under 5 a share) versus buying more expensive shares that takes a quarter for each dividend disbursement? I have been dividend investing for less than a year. +Just trying to get a feel for how generous (or not) my companies mileage policy is. + +They pay 25p per mile but you cannot claim for the first 15 miles of any journey as they see this as being a reasonable distance journey for work purposes. + +So, what does your company pay and how does this compare? +Growing up in a standard middle-class family, my parent were picky about when we would turn the AC on in the house, and in the car. This continued while I spent my time in college, trying to save myself money. + +I'm now a year into my career, and have recently made the decision that AC is the first true luxury that I decided I will use every time I want to. If I would start sweating simply by sitting in my car or my apartment, sure as shit the AC is getting turned on. + +I actively recognize every time I make the decision to turn the AC on - and then I remember that it is a perfect representation of why I worked so hard in college. Why I put in the time and effort to learn about finances and money management, expense ratios, 401k's and IRA's, savings rate etc etc. It noticeably affects my mood. It makes my day better. + +This is my (first) small luxury that I worked hard for, and continue to work hard for. What's yours? + + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative. Where possible, I do cite sources but it is also possible that these sources are publishing incorrect information.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**POLITICAL DISCLAIMER:** *This post does contain references to politics. In saying that, I am not from the US, I don't follow US politics (Except when it relates to the Market). I'm Irish and barely follow our politics.* + +*The only reason politics is referenced here is that the BILLIONAIRE BOYS use politics as a tool to rally support behind their agendas. More often than not, this is done for financial gain.* + +*This happens on both sides though, and the issues discussed in this post have come from both sides, so try not to get butt-hurt if I mention someone you support/don't support and instead try to look at the facts of what is being referenced and the implications it has on the market.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +\--------------------------------------------------------------------------------------------------------------------------------- + +**THIS IS GME RELATED** + +Shameless PLUG: Follow me on Twitter for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\--------------------------------------------------------------------------------------------------------------------------------- + +# The Deregulation Agenda + +We’ve all seen the Movie The Big Short by now. (Some of us, an unhealthy number of times) + +There are whole sections of that movie I can probably quote line for line! + +We all know about CDO’s, Mortgage Bonds, we all know about CDO default rates, Credit Ratings agencies, we all know about Credit Defaults Swaps, CDOs of CDOs, Synthetic CDOs, and we definitely all know about Tit Jacking! + +But there’s one point that is not discussed in the movie, and rarely discussed at all actually… + +Yet it’s at the CORE of the 2008 crisis, it was the MAIN outcome of the 2008 crisis (Aside from Bailouts), it has been the MAIN agenda of many of the BIG BOYS since the 2008 crisis… and guess what… it’s at the CORE of what we are facing right now too! + +And in Fact... at the CORE of many financial crashes and crises globally since the 70s! + +What might that be I hear you ask? + +Well if you read the title (Looking at you u/MadJesse ;)... you’ve probably guessed it? + +Deregulation! + +**WHY?** + +Because deregulation, whatever GUISE it falls under, allows for things like CDOs, Naked Shorting, Risk-Taking, Corruption, Crime, and a whole heap of financial sleight of hand to go unchecked until greed creates a shit storm that we all end up paying the consequences for, while those that created the shit storm get a slap on the wrist and told not to do it again! + +\---------------------------------------------------------------------------------------------------------------------- + +>*The… the Current Business Climate we are seeing across the country is strong. What we’re seeing though is a divergence between the Blue and Red States that I don’t think was anticipated over the course of the last tax reform. We’re seeing the Blue States continue to embrace ever increasing amounts of regulation, ever more challenging tax policies, and a set of programs and decisions that are just financially unsustainable.* +> +>*And so I live in Chicago, which is 1 of the great cities in the world. And yet we’ve seen more college educated people leave Cook County which is where Chicago is, than any other county in the United States.* +> +>*And they’re fleeing from... corruption, a state that can’t put it’s fiscal house in order. And with those 2 dynamics, comes crime and comes a scarcity of opportunity.* +> +>*So… for the country as a whole, we are in the longest recovery post World War 2. But within our country we are really seeing an ever increasing sharp division between the states that are pursuing policies that create opportunity, that educate children, that allow people to have great careers, and states that continue to embrace failed policies that result in corruption, in cronyism, and crime that are devastating to cities like Chicago.* ***\*Shakes head in shame*** + +**Ken Griffin - 2019 Milken Institute Conference** + +This opening statement comes right after comparing the failure of Socialism through the fall of the USSR, and the Economic Collapse of Venezuela with Capitalism, and using a **Margaret Thatcher** speech to state that the only way a Capitalist Society can exist is through Economic and Political Freedom. + +**So BASICALLY…** if you don’t allow Hedge Funds their freedom from Regulation, you are essentially a Socialist going against the basic American right to Freedom, endorsing a corrupt government, skyrocketing crime rates, likely going to collapse the country… oh ya, and don’t believe in Educating Children. + +**That about right Kenny?** + +You see before the eyes of a million apes were on him… Ken felt unstoppable. He had risen through the ashes of the 2008 collapse, and ended up on top. In his eyes, he WAS the American Stock market. + +So his agenda then was pretty clear and he had no issue in blatantly pushing it. And that was to deregulate the financial markets by whatever means necessary. + +**I wonder why?** + +Source (First 5 mins) [https://www.youtube.com/watch?v=2iDDDRfZ0I0&ab\_channel=Citadel](https://www.youtube.com/watch?v=2iDDDRfZ0I0&ab_channel=Citadel) + +I'm ALREADY annoyed... FUCKING PUPPY BREAK! + +\--------------------------------------------------------------------------------------------------------------------------- + +Awww.... look at you in your little raincoat!! Is that keeping you nice and dry?? Good boy! + +&#x200B; + +https://preview.redd.it/fkr16ys7gb581.png?width=1024&format=png&auto=webp&s=300ecdf0108580eca83f97dc0ff2215db46f2bd9 + +\-------------------------------------------------------------------------------------------------------------------------- + +BUT… before we jump into Kenny’s Agenda a bit deeper… let’s take a step back in time first shall we? + +It started in 1999, when the Gramm-Leach-Bliley Act, also known as the Financial Services Modernization Act, repealed the Glass-Steagall Act of 1933. + +The repeal allowed banks to use deposits to invest in derivatives. Bank lobbyists said they needed this change to compete with foreign firms. They **PROMISED** to only invest in low-risk securities to protect their customers. + +The following year, the Commodity Futures Modernization Act exempted credit default swaps and other derivatives from regulations. This federal legislation overruled the state laws that had formerly prohibited this form of gambling. It SPECIFICALLY exempted trading in **ENERGY** derivatives. + +Who wrote and advocated for the passage of both bills? + +Texas Senator Phil Gramm, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs. He listened to lobbyists from the **ENERGY** company Enron. + +Senator Gramm's wife… who had formerly held the post of Chairwoman of the Commodities Future Trading Commission, was an Enron Board Member. + +Enron was a major contributor to Senator Gramm’s campaigns. + +Alan Greenspan and former Treasury Secretary Larry Summers also lobbied for the bill’s passage. + +Enron wanted to engage in derivatives trading using its online futures exchanges. Enron argued that foreign derivatives exchanges were giving overseas firms an unfair competitive advantage. + +**Source:** [https://www.thebalance.com/what-caused-2008-global-financial-crisis-3306176](https://www.thebalance.com/what-caused-2008-global-financial-crisis-3306176) + +**References:** + +**Impact of the Gramm-Leach-Bliley Act:** [https://news.uark.edu/articles/10167/impact-of-the-gramm-leach-bliley-act](https://news.uark.edu/articles/10167/impact-of-the-gramm-leach-bliley-act) + +**Commodity Futures Modernization Act of 2000** + +[https://www.congress.gov/bill/106th-congress/house-bill/5660](https://www.congress.gov/bill/106th-congress/house-bill/5660) + +**GRAMM CALLS COMMODITY FUTURES MODERNIZATION ACT 'A MAJOR ACHIEVEMENT OF THE 106TH CONGRESS'** + +[https://www.banking.senate.gov/themes/banking/press\_archive/prel00/1215cofu.htm](https://www.banking.senate.gov/themes/banking/press_archive/prel00/1215cofu.htm) + +**Gramm and the ‘Enron Loophole’** + +[https://www.nytimes.com/2008/11/17/business/17grammside.html](https://www.nytimes.com/2008/11/17/business/17grammside.html) + +\---------------------------------------------------------------------------------------------------------------------------------- + +ON TOP OF THIS, In 2004, the SEC made a change to legislation titled: + +**Alternative Net Capital Requirements for Broker-Dealers That Are Part of Consolidated Supervised Entities; Supervised Investment Bank Holding Companies; Final Rules** + +Source: [https://www.sec.gov/rules/final/34-49830.pdf](https://www.sec.gov/rules/final/34-49830.pdf) + +This change, at the time, was WIDELY cited as one of the biggest contributing factors to the 2008 crisis. + +The change essentially allowed Banks to double the leverage of their risky derivative trading. + +***And while this most definitely fueled the 2008 crisis, none of it would have happened, (Or at least nowhere near the levels it did reach) if years of DEREGULATION hadn’t preceded it.*** + +Now where this gets messy, is in terms of the narrative. + +By MANY this is seen as deregulation. + +But by the SEC and MSM, this narrative has since been spun into this actually being additional regulatory restrictions as it brought the biggest investment banks under the supervision of the SEC for the first time. + +Source: [https://www.cnbc.com/id/46808453](https://www.cnbc.com/id/46808453) + +\--------------------------------------------------------------------------------------------------------------------------------- + +**ELI5:** Banks could now use their customer’s mortgages and deposits, to trade Derivatives through Hedge funds while leveraging their assets and do so without assuming any risk due to government insurance. + +\--------------------------------------------------------------------------------------------------------------------------------- + +PUPPY BREAK!!! + +Where is he... where is he? I can't find MAX! Ahhh... there he is! You were hiding weren't you? + +&#x200B; + +https://preview.redd.it/5vrzv6hngb581.png?width=1200&format=png&auto=webp&s=38dc68d3e4393699a0bcd9b84d628be165023ae6 + +\--------------------------------------------------------------------------------------------------------------------------------- + +REGARDLESS of what angle you wish to view this from… these regulation changes are what started banks off. + +Once banks realised that they could use their customer’s mortgages, insured by the government, to make themselves a shit ton (Financial Term) of revenue through leveraged hedge fund trading of derivatives… what did they do? + +They began looking for **MORE AND MORE** mortgages to fund the profitable sale of these derivatives. + +They created interest-only loans that became affordable to subprime borrowers and… well you know the rest from the movie. + +Housing prices started falling in 2007 as supply outpaced demand, which trapped homeowners who couldn’t afford the payments but couldn’t sell their houses. And when the values of the derivatives crumbled and banks stopped lending to each other… JENGA. + +**THE CORE:** Some **BILLIONAIRE BOYS** got together with some Politicians despite the clear conflict of interests, to bring in new laws that allowed the **BILLIONAIRE BOYS** to get even richer, with no regard for the impact it would have on everyone else. And the government provided a safety net in case anything went wrong! This gave way to the underlying problems that greed amplified and thus caused the 2008 Housing Crisis. + +\------------------------------------------------------------------------------------------------------------------------ + +What about other Market Crashes? + +# DOTCOM BUBBLE + +Well according to this Stanford law paper titled **DEREGULATION REDUX**, the DotCom Bubble was preceded by a slew of deregulation initiatives including: + +>*Congress authorized nationwide banking with the Riegle-Neal Interstate Banking and Branching Efficiency Act. This let bank holding companies acquire banks in every state, and removed most restrictions on opening branches in more than one state. It preempted any state law that restricted the ability of out-of-state banks to compete within the state’s borders.* + +This gave way to the rapid growth of banks which were becoming more and more like investment banks with increased activity in securitization right around the time of the rising tech stock mania. + +Source: [https://fcic-static.law.stanford.edu/cdn\_media/fcic-reports/fcic\_final\_report\_chapter4.pdf](https://fcic-static.law.stanford.edu/cdn_media/fcic-reports/fcic_final_report_chapter4.pdf) + +# MARGARET THATCHER’S BIG BANG + +Prior to the Big Bang, the financial institutions that once dominated the city of London could not compete with foreign banking. Though still a global finance center, it had already been beaten by New York where deregulation was already well underway. + +The Big Bang refers to the day the stock market was deregulated in London, England. The event, in which the London Stock Exchange (LSE) became a private limited company, took place on October 27, 1986. It revitalized the LSE, allowing external corporations to enter its member firms, and an automated price quotation was established. + +[https://www.investopedia.com/terms/b/bigbang.asp](https://www.investopedia.com/terms/b/bigbang.asp) + +This gave way to widespread deregulation of many global markets, including Australia and New Zealand, which all helped fuel **BLACK MONDAY** the following year. + +In addition, it gave way to the modern-day investment bank, which switched from a client-based industry to a transaction-based one, as American firms rushed to buy up property in London due to the lax regulation policies. + +Many argue that this was the start of widespread deregulation and **the consequences of which even fed into the 2008 Housing Market Crisis.** + +**Sources:** + +[https://www.theguardian.com/business/2011/oct/09/big-bang-1986-city-deregulation-boom-bust](https://www.theguardian.com/business/2011/oct/09/big-bang-1986-city-deregulation-boom-bust) + +[https://www.bbc.co.uk/news/business-37751599](https://www.bbc.co.uk/news/business-37751599) + +**FITTING** then that Milken and Kenny use **Margaret Thatcher** to further their agenda of Deregulation. + +\-------------------------------------------------------------------------------------------------------------------------------- + +In reality though… deregulation started much earlier than Thatcher's initiative, and in more industries than just the Financial Industry. + +For the Financial Industry in the US, this started as early as 1980 with the Depository Institutions Deregulation and Monetary Control act. + +And other market crashes are cited as being caused by deregulation too including: + +**The Savings and Loan Crisis:** [https://en.wikipedia.org/wiki/Savings\_and\_loan\_crisis](https://en.wikipedia.org/wiki/Savings_and_loan_crisis) + +**Long-Term Capital Management Crisis:** [https://en.wikipedia.org/wiki/Long-Term\_Capital\_Management](https://en.wikipedia.org/wiki/Long-Term_Capital_Management) + +The latter of which required a $4.6 billion bailout, which sent the signal to large “too Big to Fail” financial firms that they would not have to suffer the consequences of the great risks they were taking. Thus, the greater risk-taking allowed by deregulation and encouraged by the bailout paved the way for the financial crisis. + +**And a whole load of other Market Crises around the world.** + +**SOURCE** (And A LOT of additional reading) + +[https://en.wikipedia.org/wiki/Deregulation](https://en.wikipedia.org/wiki/Deregulation) + +\--------------------------------------------------------------------------------------------------------------------------------- + +FUCKING PUPPY BREAK!!! + +Who's a happy puppy??? Yes YOU'RE a happy puppy! + +&#x200B; + +https://preview.redd.it/ic0slqexgb581.png?width=600&format=png&auto=webp&s=71c4ff957a386421de6f44fa288a11e804880340 + +\--------------------------------------------------------------------------------------------------------------------------------- + +>*At 100,000 feet, the move to reduce regulation in the United States I applaud. This is the single greatest lever they can pull to get our economy to go faster. I mean if you recall, I started my business when I was in the Dorm Room at Harvard.* ***\*\*Grins*** +> +>*$265,000 and I could launch a hedge fund in 1987. You can’t launch a hedge fund today with less than several hundred million dollars, given the high fixed-costs of compliance and other regulatory matters that you need to deal with.* +> +>*So that’s really discouraged new business formation in asset management. It’s just the burdens of regulation.* +> +>*Take this outside of asset management, The Energy Space, The Transportation Space, it’s EVERYWHERE in America. The weight of regulations reducing new business formation in America.* +> +>*And that is a tragedy.* +> +>*So the Administration’s Focus on reducing the regulatory burden, on the American who has a dream, I applaud that vision.* + +**Ken Griffin - 2017 Bloomberg Interview.** + +Source (7mins in) [https://www.youtube.com/watch?v=3WG00XcLFJs&t=908s&ab\_channel=BloombergQuicktake](https://www.youtube.com/watch?v=3WG00XcLFJs&t=908s&ab_channel=BloombergQuicktake) + +So Financial Regulation is destroying the American Dream? + +**Is that it Kenny?** + +\------------------------------------------------------------------------------------------------------------------------- + +# So what happened AFTER the 2008 crisis? + +Well, those in charge at the time realized what would happen if they let banks run wild through deregulation, so they began putting more and more regulations in place to prevent this from **EVER** happening again. + +**In comes MAJOR Financial Regulatory Reform.** + +The Biggest of which was the **Dodd-Frank Wall Street Reform and Consumer Protection Act.** + +The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation that was passed in 2010. (The largest financial reform since the 30s) + +The Dodd-Frank Act established a number of new government agencies tasked with overseeing the various components of the act and, by extension, various aspects of the financial system. + +These included: + +* The Financial Stability Oversight Council +* The Orderly Liquidation Authority +* The Federal Insurance Office +* The Consumer Financial Protection Bureau. +* The SEC Office of Credit Ratings + +Each of these agencies were tasked with monitoring and regulating specific parts of the economy to ensure that something like 2008 never happened again. + +In addition to this, came the **Volcker Rule** which restricts the ways that banks can invest, limiting speculative trading and eliminating proprietary trading. Banks **were not allowed** to be involved with **Hedge Funds** or **Private Equity Firms**, which are considered **TOO RISKY**. + +This rule is widely seen as regressing back to the protections of the Stegall Act that had been **PREVIOUSLY DEREGULATED**, and which since 1933 recognized the inherent dangers of financial entities extending commercial and investment banking services at the same time. + +The act also contains a provision for regulating derivatives and greater disclosure of swaps, all in an attempt to stop financial institutions from taking **LARGE RISKS** that had the potential to destabilize the economy. + +On top of this, came the Whistleblower Act which encouraged whistleblowers to step forward and expose illegal financial activities, and offered 10% - 30% of the proceeds from litigation settlements. + +**ALL OF THIS…** was deemed **NECESSARY** because when unchecked, financial institutions proved again and again that greed will lead them to take **MORE AND MORE RISKS** which the general public end up having to pay the price for. + +Source: [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) + +\------------------------------------------------------------------------------------------------------------------------------------- + +**THE CORE:** Financial Institutions can not be trusted, (Literally laws were REQUIRED because they can not be trusted) and seeing that collectively they essentially define the US economy and in turn a large portion of the Global Economy, and seeing as we can not TRUST these fuckers… we need to restrict their greed so they don’t bring us all down with them AGAIN! + +**Like fucking children - FUCK this pisses me off.** + +You’d think with their PRIVILEGED position in this world that they would show some appreciation or an ounce of responsibility??!! + +Even Spiderman knew that with great power comes great responsibility… yet with these guys, we actually have to place laws to keep them from fucking (And Snorting) the whole world?? + +A more detailed look at all of this for any apes looking to pack in a few more wrinkles can be found here: + +[https://corpgov.law.harvard.edu/2010/11/20/the-financial-panic-of-2008-and-financial-regulatory-reform/](https://corpgov.law.harvard.edu/2010/11/20/the-financial-panic-of-2008-and-financial-regulatory-reform/) + +\------------------------------------------------------------------------------------------------------------------------- + +# So what happened next? + +>*We are absolutely DESTROYING these horrible regulations that have been placed on your heads over not 8 years, over the last 20 and 25 years. You have regulations that are horrendous.* +> +>*Dodd-Frank is an example of what we’re working on and we’re working on it right now. We’re going to be coming out with some very strong, far beyond recommendations, we’re going to be doing things that are going to be very good for the banking industry. So that the banks can loan money to people that need it.* +> +>*I speak to people all the time, they used to borrow money from banks to open up, there was one in Nevada, where to open up a pizza shop, he had 3 shops, he had a bank, and he said you know… at that time he called me Mr Tru mp, because I hadn’t won yet… but he said, Mr Tru mp, I can’t open up anything, I can’t do anything, the banks don’t even… I had a bank for 20 years, now they don’t even take my phone call and I was always a very good customer. So I haven’t been able to do what I do. They can’t do it.* +> +>*The banks got so restricted. And I’ve always said and some people get insulted, but you know, it’s not necessarily the man that’s making alot of money that’s running the bank.* +> +>*You look at the folks from government that are running all over the banks, they’re running the banks. The people that are really… you know… the head people, they’re petrified of the regulators. They’re petrified. They can’t move.* +> +>*The regulators are running the banks.* +> +>*So we’re going to do a very major haircut on Dodd-Frank. We want strong restrictions, we want strong regulation. But not regulation that makes it impossible for the banks to loan to people that are going to create jobs.* +> +>*But we’re doing… that’s just one example… we’re doing so many cuts on regulations and we have a book on regulations and if you add them all up, it goes up to the ceiling 3 times over.* + +**Don ald Tru mp - Speaking to American Business Leaders.** + +Source: [https://www.youtube.com/watch?v=o4nKGsPDz4Y&ab\_channel=GoodMorningBritain](https://www.youtube.com/watch?v=o4nKGsPDz4Y&ab_channel=GoodMorningBritain) + +So what you’re saying Mr Tru mp, is that the heads of Banks aren’t making enough money and they are afraid of the regulators… so you are going to go back to deregulation? + +**Is that Right Tru mp?** + +( **FACT CHECK**, in virtually every quarter since 2009, including throughout 2018 and the first quarter of 2019, the biggest banks have recorded or eclipsed record revenues, profits, and bonuses while at the same time increasing lending.) + +Source: [https://prospect.org/economy/trump-s-assault-financial-reform/](https://prospect.org/economy/trump-s-assault-financial-reform/) + +\---------------------------------------------------------------------------------------------------------------------------------------- + +24 May 2018, Donald Tru mp signs a bill that drastically reduces the power of the **Dodd-Frank Act**. + +[https://www.youtube.com/watch?v=pVDbToV8n50&ab\_channel=CNBC](https://www.youtube.com/watch?v=pVDbToV8n50&ab_channel=CNBC) + +So ya… back to billionaires and politicians, and this time even a billionaire politician/president who all actively worked on deregulating the financial industry again. + +This time… in the name of creating jobs. + +***(No offence to anyone that supports Donald Tru mp and as I said, I’m not American, I do not follow your politics except when it relates to the Stock Market. But this is just factual. He did do this.)*** + +Now whatever your thoughts are regarding Tru mp, he was VERY effective at Deregulation. For his entire presidency, this was one of his main focuses across multiple industries. But the only one that’s relevant here, is his financial deregulations. + +So the **MAIN** result of this deregulation is that it allowed banks to get back to trading customer money in speculative derivatives and with hedge funds by removing the **Volcker Rule**. + +**BUT ONLY FOR SMALL BANKS…** + +Which Tru mp also increased the definition of, from banks with $50 billion AUM to $250 billion AUM. + +On top of this… subprime mortgages were back on the menu for banks with under $10 billion AUM and the SEC had been instructed to reduce reporting requirements in addition to a significant reduction in the number of enforcement acts it executed. + +And a whole heap of other changes all in favor of the poor Banks that weren't making enough money. WTF? + +\--------------------------------------------------------------------------------------------------------------------------------- + +It's too much... it's TOO MUCH! NEED LOTS OF PUPPIES!!!! + +&#x200B; + +https://preview.redd.it/zmtzz3lrhb581.png?width=896&format=png&auto=webp&s=4dfd83dc932e180acce7ea14fe6a8fe6a5d08fc5 + +Ahh.... that's better... Look at that 1 yawning... awww... + +\--------------------------------------------------------------------------------------------------------------------------------- + +# So back to Ken Griffin… + +Why would Kenny Boy be so keen to push for financial deregulation? + +You might think, it’s so that he can get away with pushing more Naked Shorting down the throat of the DTCC… + +Or… so that the SEC will be off his back with those pesky, slap on the wrist fines, they love to give out… + +Or maybe so he has less paperwork to do at the end of the evening? + +Or to make it easier for him to hide funds in the Cayman Islands? + +Well, it’s likely all of these… but there’s actually a more fundamental reason. + +You see, the **Dodd-Frank Act** prevented **BANKS** from working with **Hedge Funds**. + +**BOMB DROP…** 🤯 + +Yes, this means Kenny along with many other Hedge Funds primary client base INSTANTLY dried up when the **Dodd-Frank Act** was launched. + +So while you may think the Tru mp Deregulation of Dodd-Frank didn’t have much of an impact, it **ACTUALLY** opened up the books for hedgies to start acquiring banks as clients again!! + +Anyone with under $250 billion AUM could now push their customers’ money right on over to their favorite hedge fund again and begin risking it for their own profits… and delivering hedge funds billions in commissions. + +How did that affect Kenny’s bottom line? + +&#x200B; + +https://preview.redd.it/c5x1cv4k1b581.png?width=606&format=png&auto=webp&s=da60079ee54b7d047ab84ccf335d215c418e3b44 + +So ya… Tru mp Deregulates in 2018 - Citadel sees a massive surge in new Revenue. + +**Cohencidence?** + +So Kenny’s $46 million donated to the Republican Party in Tru mp’s first Election Cycle seemed to have been money well spent. + +Even though he states he never directly financed Tru mp. (Wouldn’t want a paper trail) + +Tru mp’s tenure was not constructive for the country, Griffin said -- with the exception of his economic policies, which Griffin described as **“pretty damn good.”** + +I bet they were Kenny… I bet they were. + +(Yes that’s just the first half of 2020) + +Source: [https://www.bloombergquint.com/markets/ken-griffin-says-he-won-t-support-trump-for-president](https://www.bloombergquint.com/markets/ken-griffin-says-he-won-t-support-trump-for-president) + +\-------------------------------------------------------------------------------------------------------------------------------- + +# THE NARRATIVES + +**Capitalism** \- There is nothing wrong with Capitalism, and as an Entrepreneur myself it's something I do believe in. But Capitalism without restriction is just a recipe for disaster... ESPECIALLY when it comes to the Financial Industry. + +Using Capitalism as an excuse to deregulate the finance industry is Bolox. + +**Freedom -** Regulation does not mean anti-Freedom. And I get that at some levels, regulation may seem like it hampers growth. And there can be an argument for adjusting regulations in certain areas. + +But what applies to the bottom, does NOT apply to the top. Deregulations on companies with TRILLIONS in assets, who have proven again and again that they are willing to FUCK and SNORT the world... is dangerous. + +**Bank Loans** \- Deregulating banks because they can't loan money to the small guy without making money for themselves through speculative trading, is stupid. (Especially when they were doing record revenue and bank loans WHILE regulated) + +Banks' business model is creating revenue through interest rates on lending. Not gambling their customers money. + +**ANYTHING ELSE** \- Is all bullshit... There is no reason the Financial Industry should not be regulated. IMO at least. Every time they are they FUCK and SNORT the world... If you have a counter-argument, let me know? + +\-------------------------------------------------------------------------------------------------------------------------------- + +# SO WHY DOES THIS MATTER TO APES? + +Ok so this part is my opinion and a bit of speculation, but I do think it's important for EVERY ape to think about this. + +POST-MOASS we will be stepping foot in a new era. + +The biggest transfer of wealth will shift dynamics, most likely, like nothing any of us can imagine. + +You WOULD HAVE THOUGHT that the world learned its lesson after 2008. + +And while there was indeed some action taken in a positive direction, the entire financial and political systems fell right back into their previous path of deregulation followed by greed and chaos. + +**I HOPE WE CAN DO BETTER THAN THIS** + +If the market crashes as significantly as we all expect it too, I hope COLLECTIVELY that the world will learn this time and prevent further regression to this path. + +What will that look like? + +Decentralized Financial Systems through Loopring would be a good start? + +But it can't just stop there. IMO. + +A DeFi system would actually have even less regulation. And I think this post shows the outcome of a lack of regulation. + +So how can we address it? + +DeFi Yes + +But also... + +**Transparency, Simplification, and Education** + +**Transparency** \- By Making markets transparent through a decentralized entity, there is no hiding illegal/immoral actions. There will still likely be abuse of this system, but at least it will be policed by EVERYONE and those that do fuck with the system can be held accountable for their actions. + +**Simplification -** Finance and financial systems should not be a tool for only the rich. Complex Systems and Financial Instruments are made so that only those with the best education can understand them, and everyone else are required to TRUST in a financially educated expert just to avail of them. Simplication opens the world of finance up to everyone. + +**Education -** It can't stop with simplification though. Even the simplest system will require education in order to be utilized to it's maximum benefit. Teaching a simplified DeFi system, IMO, is something that should be a requirement at school level and as part of all educational systems. + +\-------------------------------------------------------------------------------------------------------------------------------- + +TLDR: + +* Financial Deregulation has been a the center of many of the worst financial crises since the 70s +* After 2008 the world realised that the Financial Industry NEEDED to be regulated, but after being put into place (Mostly), it wasn't long before they were systematically removed again. +* Billionaires and Politicians will spin narratives that talk to the public's core beliefs, Capitalism, Freedom, The American Dream, Jobs, in order to rally public opinion and allow them to make the changes they require to benefit financial institutions. +* Financial Institutions have proven again and again, that with Deregulation they use this to their own benefit, pushing the boundaries of risk over and over to amplify their gains until they break the system. +* It is LIKELY we are going through this again since the last round of Deregulation started in 2018 +* **I HOPE POST MOASS - APES CAN DO BETTER** + +======================================================================== + +\-------------------------------------------------------------------------------------------------------------------------------- + +**Let me know your thoughts on all this Apes?** + +**And if you believe like I do, that all Apes should read this... please share!** + +Shameless PLUG: Follow me on Twitter for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\-------------------------------------------------------------------------------------------------------------------------------- + +======================================================================== + +&#x200B; + +Quick shoutout to u/re-tard- + +I got a sneak preview of his upcoming artwork... and though I MAY be a little biased, I think it's looking awesome! + +&#x200B; + +https://preview.redd.it/4pz5eexnib581.png?width=1314&format=png&auto=webp&s=98e8662c0e20c3bbca173d932622d8707f56dc0d +Hi There, + +I have lost about 25k in pounds as a novice forex trader. I have blown many many accounts over the passed 4 years. I am currently even paying back a loan for another 6 years to pay for these mistakes. I know my problem (Risk & money management) But I am totally unable to keep this in check consistently. + +I have also had many many good runs - Which after a certain time or state of mind I end up blowing it within a day or two if I'm lucky. My recent run I have deposited 50 pounds into a spread betting account. I obviously took huge risks compared to my capital and grew the account to 1150 pounds within a week. It sounds completely impossible but I have the proof for it on my spread betting account which I can download to an excel sheet. I then got into a wrong state of mind in 2 days I lost all the money. I actually deposited 16 pounds back to my account. + +My conclusion that making money in forex is to keep your mind stable. with 50 pounds I was clearly not worried that I would lose the money. Even when I got to 500 pounds I was still not bothered about losing it and lowered my risk but still took 25% risks. Once I got over 1100 it was totally psychological that I started losing. + +My question for you guys reading this is how do you constantly over time train your body/mind to keep your emotions in check? What are those signals that fire at you as massive warnings that you are not in a positive state of mind? + +I also have a problem chasing losses - especially that I take such big risks. I know the whole 2% risk rule. But I don't find it worthwhile to take 2% risks on on an account up to about 5k. I need to be able to make at least 150 pounds a day and on such small accounts I keep trying to race to 10k so I can risk 2% and my risk:reward ratio would put me on average to make 150 pounds a day target. Yes over 4 years I could have take 1000 pounds and probably grow this to 50k consistently with 2% risk. + +If you reading this I will gladly answer or read what you guys have to say. I would also appreciate if you can share your psychological issues with me. + +Thanks for your time + +Cheers +I've taken a step back from this community and I'm flirting with the idea of posting a bit more often once more. + +My dilemma is - what do I post? What content do you guys want? I've written mostly about macro, my experience and background in this industry, even some technical stuff. I don't know how helpful or interesting any of that is and I don't want to keep posting about stuff that you might not want to read. + +So, help me out. What topics/series would you find helpful to be covered? More technicals? More macro? How to get a hedge fund started? How to trade your own capital for a living? I don't know... I'm open to anything +I've taken a step back from this community and I'm flirting with the idea of posting a bit more often once more. + +My dilemma is - what do I post? What content do you guys want? I've written mostly about macro, my experience and background in this industry, even some technical stuff. I don't know how helpful or interesting any of that is and I don't want to keep posting about stuff that you might not want to read. + +So, help me out. What topics/series would you find helpful to be covered? More technicals? More macro? How to get a hedge fund started? How to trade your own capital for a living? I don't know... I'm open to anything +I own a large amount of land in a area considered rural that it is about 30-40 minutes from a major US city. When I say rural I mean no grocery stores, gas stations, schools. My goal would be to turn this town into a commuter city for said major city. It has been tried before but the crash of 08 put a stop to it. I am also in partnership with the group that owns the most land in the entire county which includes this town. My thought process is that bringing a school there is what Im missing to entice families to move there. Just wanted to see how anyone would go about this? Would you petition for or build a school then begin developing commercial and residential spaces or vice versa? +[https://www.reddit.com/r/Superstonk/comments/whchin/this\_is\_about\_share\_distribution\_and\_not\_the/](https://www.reddit.com/r/Superstonk/comments/whchin/this_is_about_share_distribution_and_not_the/) + +This guy wins the internet today. Go upvote the fucker. + +Have come to the same conclusion separately but a full day after not seeing his post. + +&#x200B; + +&#x200B; + +Please see edit 2 at the bottom of post. + +&#x200B; + +If your broker/custodian filed as a forward stock split, function code FC-02, ISO event code SPLF + +and not function code FC-06, ISO event code DVSE + +Then All of those share are using that code were put into brokerages are counterfeit. + +All of the shares that were delivered to the DTC from computershare can then be also used to close the shorts. + +How that works, is with the 02 code, shares just get split. None delivered by the DTC to the custodian/brokerage. + +The just get split. + +Function Code FC-06, they get shares delivered to them by the DTC which they credit towards the accounts. + +&#x200B; + +How this fucks you all is that if FC-02 was used then you all just got robbed. Every single gme shareholder. + +Even if one brokerage used FC-02, you all got robbed. + +&#x200B; + +How this works. + +On the day of closing before splivvy GME price is $153.47 + +Just splitting the shares and not using ones delivered to the DTC by gamestop means they are now stealing $115.10 from you and also then also allocating to your account, 3 counterfeit shares. + +Adding those 3 extra counterfeit shares then dilutes the float which in turn then devalues the stock you hold down to $9.59 + +as it effectively divides the $38.36 by 4. + +&#x200B; + +I'm writing an email to my brokerage about the shares left in my account + +&#x200B; + +&#x200B; + +You can copy pasta. + +&#x200B; + +Hi, I am emailing you in regards to Possible international securities fraud by the DTC in how the GME (CUSIP Number: 36467W109) ticker was split. + +I have a single question which i need answered by you in regards to this event so i can provide that information to the relevant authorities. + +I am asking for how your brokerage/custodian was directed by the DTCC to perform the stock split by dividend . + +Please check on the DTCC Corporate actions web portal. You will find it on the first page using GME CUSIP number provided. + +&#x200B; + +Was it filed as stock dividend which should be processed as function code FC-06, ISO event code DVSE. Please see notation 1 + +&#x200B; + +Or was it filed as a forward stock split, function code FC-02, ISO event code SPLF. Please see notation 2 + +&#x200B; + +Please see the official DTCC documentation here on page 15 In regards to these codes. + +[https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/ISO\_20022\_EntAlloc\_UG.pdf](https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/ISO_20022_EntAlloc_UG.pdf) + +&#x200B; + +The difference between the 2 will provide proof of the fraud. + +&#x200B; + +Gamestop (CUSIP Number: 36467W109) Issued a four for one stock dividend. + +Please see the Official SEC filing. [https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm) + +&#x200B; + +In the event this has been filed as a forward stock split, function code FC-02, ISO event code SPLF + +I have been defrauded in the manner of the DTC not issuing the stock that was issued by Gamestop - GME (CUSIP Number: 36467W109). + +But by just multiplying the number of shares by four and not using the issued shares of common stock distributed to them. + +&#x200B; + +Please see quote from gamestop + +"GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, + +which has confirmed it subsequently distributed the + +appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants." + +Official Gamestop statement. [https://news.gamestop.com/stock-split/?n](https://news.gamestop.com/stock-split/?n) + +&#x200B; + +The cost of this possible fraud can be calculated in the manner of on the price of the close before the stock started + +trading at the new four to one dividend. + +GameStop shares closed at $153.47 on Thursday july the 21st and opened on the 22nd at an adjusted price of $38.36. + +$115.10 of value would have been stolen per stock, and then the float would have been devalued to $9.59 per stock after being + +diluted with an extra 3 fraudulent shares not issued by Gamestop (CUSIP Number: 36467W109) Please see notation 2 again. + +&#x200B; + +Notation 1, + +From the SWIFT standards for securities markets, event type "stock dividend", ISO code DVSE. + +Here's the definitions as per the standard: DVSE - Dividend paid to shareholders in the form of equities of the issuing corporation. + +[https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +&#x200B; + +Notation 2, + +From the SWIFT standards for securities markets, SPLF - Increase in a corporation's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. + +Equity price and nominal value are reduced accordingly. + +[https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +&#x200B; + +They did not issue a four to one forward split. + +You have a fiduciary duty to report known fraud and prevent your customers from being defrauded as well. + +&#x200B; + +Please make this a priority of the highest order. + +&#x200B; + +Please reply to me ASAP with the Function code this was filed as. + +This is the only question i have. + +&#x200B; + +Regards, + +&#x200B; + +Edit, DTCC to DTC where appropriate + +&#x200B; + +&#x200B; + +Edit 2 + +[https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf](https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf) + +states that + +Current Process + +At times, DTC will either announce an Issuer declared Stock Split event as a Stock Dividend (function + +code 06) or it will announce a Stock Dividend event as a Stock Split (function code 02). This occurs + +when the respective Exchange provides an ex-date ruling that falls outside typical declarations for those + +events. + +In these business scenarios, to facilitate proper processing, DTC must announce the event with a + +function code that differs from how the stock distribution is announced in the market place. Stock + +Dividend events (FC06) with “irregular” ex-dates, are announced as a Stock Split (FC02) with + +comments explaining that the event is actually a Stock Dividend. Conversely, a Stock Split (FC02) with + +“normal” or no ex-date, the event is announced as a Stock Dividend (FC06) with comments explaining + +the event is actually a Stock Split. + +New Process + +In an effort to maintain the Issuer’s announced event type and maintain current processing rules as + +defined above, DTC is updating its processing systems with a new Processing Event Code attribute that + +will be added to the announcement and will appear in DIVA, DPAL and SDAR to inform participants of + +how the event will be processed at the time allocation occurs. + +Non-Confidential + +DTCC offers enhanced access to all important notices via a Web-based subscription service. + +The notification system leverages RSS Newsfeeds, providing significant benefits including + +real-time updates and customizable delivery. To learn more and to set up your own DTCC RSS + +alerts, visit [http://www.dtcc.com/subscription\_form.php](http://www.dtcc.com/subscription_form.php). + +CCF File Updates + +The change referenced above will introduce a non-mandatory file format modification to the CCF files + +listed below. The change will be noted as the “Processed As Indicator” and will be located in the second + +to last position on the file. This attribute is optional and does not need to be imported by all participants. + +So the function code can be used in this manner. + +What is the iso event record on the DTCC documentation? + +From the SWIFT standards for securities markets, event type "stock dividend", ISO code DVSE. + +Here's the definitions as per the standard: DVSE - Dividend paid to shareholders in the form of equities of the issuing corporation. + +[https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +Was it marked as DVSE? +If I am not shorting anything how is it possible I could go into overdraft? + +If the stocks I buy dip (to 0?) would I not just lose the money and that is it? + +What am I missing? + + +I shared a piece of my story a few days ago and despite it receiving a large number of positive votes and comments, the powers deemed it inappropriate. So allow me to try again and this time I will be much more direct in my thoughts. + +Several years ago, just as the ‘08/’09 crisis was irrupting I greatly expanded my business as a final push towards my own FIRE goals even though I had never heard of the FIRE movement. The brass ring was inches from my fingers when my industry was utterly destroyed upon the shoals of that disaster. Even though I didn’t fulfill my goals, I got close enough to enjoy some of the fruits of my labors and I stopped working 80 hours a week. My life’s story has been one of never quite making it, but being happy with the outcome nevertheless. + +Now for the rest of the story… + +Quite a few years ago I knew the scale had tipped. My yesterdays outnumbered my tomorrows. You can look at actuary tables, family histories and still you only have a guess at best. On May 27th I found out how far my guess was from reality. I knew something was wrong with my heart and asked my wife to drive me to the ER. Attempts at installing stints failed and I was scheduled for immediate open heart surgery. My surgeon explained to me that with disease this progressed you usually never find out about … but your family will. I survived and am on the mend but I am facing a very long and difficult road which is unlikely to lead back to my old work life. (Thank God for small favors!) + +The Stoics talk about living life as if you are about to die, which is what I used to think I did. That is until I faced the very real possibility of not surviving the surgery (which I almost didn’t). I am unsure as to what changes, large and small, I will make in my life and perspective. I am not making any even slightly major decisions for at least another 3 months. + +My thoughts for this group is simply to take my experience as a cautionary tale. My life nearly ended shortly after my 58th birthday. I almost became one of those “it is a shame he died so young.” You do not know the extent of your tomorrows, but you do have today. Cherish your loved ones, call your parents today, hug your spouse, and be a friend to someone who needs it. These are far more important than anything else because tomorrow you may not have. + +Pursue FIRE, for it is a worthy objective, but never forget to keep things in balance and be sure to have lived today. +So after checking out the App coming soon for ios (Iphone), I am starting to understand what GameStop is doing. Being that I tried to sign up for opensea with my daughter (an artist). We both decided NFTs weren't for us. Not because we didn't like the NFT idea, but the marketplace just wasn't easy. It seemed like an old clunky version of ebay or something. It wasn't easy for my generation or hers. It felt tedious. My comparison is like going to the browser version of a broker account a few years ago and buying stock with scroll down menus, %, limits, and boxes to fill in, making investing seem much harder than it really is. You know what made this so much easier? You won't like the answer... + +But first, let's talk about what GameStop is doing. GameStop is going to add NFTs to your mobile app, show the cost of your items, and allow you to put items on the marketplace with a click of a button. Things you sell, go to the new buyer instantly. Contracts filled, sell order filled, and the NFT sent. Things you buy, go right to your wallet. Not tedious. If they have managed to do this and make it as easy as possible.... all I can say is WOW. I hate to say it, but GameStop is creating the *Robinhood* version of a NFTs marketplace. Don't kill me yet, because it's going to make billions! And while Robinhood itself is still trying to figure out how to give users their own individual wallets for their doggy coins, GameStop started off with the most important part first, YOUR WALLET. This may also be the most difficult part in getting the average person to understand NFTs. The wallet. + +&#x200B; + +And it is the first thing GameStop is dealing with. The more people with a GameStop wallet, the bigger the marketplace. + +&#x200B; + +https://preview.redd.it/3zoyxq7nmpx81.jpg?width=688&format=pjpg&auto=webp&s=32e599df3921ba60dc1b4b7d724613e0414044ab + +&#x200B; + +I know we hate Robinhood, and rightfully so, but it did make investing for the average person much easier. Well... GameStop seems to be targeting this for their NFT marketplace. And all I can say is WOW. + +&#x200B; + +Now let's move onto the part of the photo that says... + +**Coins | NFTs** + +&#x200B; + +Oh boy. If they do the coins marketplace, I will move all my coins over instantly. And do all my buying there as well. I have no connection to coinbase or any other marketplace, so GameStop would be my spot. Just on the small % they take through these marketplaces is worth billions.... +**TL:DR Had perfectly functioning 100% verified Coinbase account with thousands of dollars transferred and spent on coins. Transferred 16,000USD. Went to buy Coin during a dip and Verification was mysteriously revoked with no notification or warning. SSN verification will not accept any form of my information after 100+ attempts. Account completely gridlocked - cannot buy/sell crypto or withdraw funds back into origin bank account in any dollar amount. Called customer service several times and they offer no phone support and no solution other than emails saying they cannot help me but a "specialist" is on the case and it is a "priority 10". After 1 month I requested to close my Coinbase account only to be told that my account cannot be closed until all money is Withdrawn. WTF Coinbase** + +**Updates:** + +**+I have seen a lot of suggestions that I am attempting to withdraw too much money. The dollar value is completely irrelevant. I have tried anywhere from $1 to $16,000 and it's the same result.** + +**+Other people are calling me stupid for Wiring money. The $16,000 was not one giant wire transfer. It was a combination of ACH transfers and one wire. This happened over a two week time period where I was not buying any coin. My verification just as easily could have been mysteriously revoked before any of the money was even sent to my Coinbase account. They still knowingly took the money and are now too incompetent to remedy the verification issue. I fail to see how people can tell me I did something wrong in this scenario. Should no new money come into Cyrpto?** + +**+Many people are also speculating I did something illegal. I don't have to justify myself to interwebz people but there has been nothing but long term hold and investments. if I was stupid enough to perform illicit activity with my coinbase account or other wallets... Would I really be posting about it here?** + + +Original Post: + +I would like to start out by saying I really wish I did not have to do this, however given the circumstances I am exhausting all my options. I apologize for the length but I need to get this out there as it maybe will help others make informed decisions about which exchanges to use. + + I setup and fully verified a Coinbase account towards the later half of 2017. I was able to make successful ACH transfers into my USD Wallet and subsequently purchase thousands of dollars of crypto. I also had zero issues with credit card purchases. Other than not being able to get verified on GDAX so far so good. +Fast forward to early January 2018. I decided to convert more Fiat into Crypto so I did a combination of wire and ACH transfer to what amounted to $16,000 USD. I waited for my respective coin to hit my re-buy point and went to make a large purchase only to be greeted by an error telling me that I needed to verify my SSN. This is very strange considering I had been fully verified with no issues purchasing before. Okay no problem - I enter my information which includes basics such as full name, address, SSN, occupation, etc. For whatever reason this fails along with several other attempts with varying aspects of information. After several failed attempts it locks me out for 24 hours. Over the next few days I rinse and repeat the process of varying my information and getting locked out for 24 hours. + +After around 100 failed attempts it was evident to me that no combination of my information would work. On Jan. 17 I decided to call the 800 number and speak directly to customer service. The lady I spoke with was friendly and seemed to understand as I walked her through the issue. After I had convinced her I had exhausted every possible combination of my information she recommended that I get referred to a "specialist" who would be able to immediately correct this issue. She said that in order to escalate the case number she would need to send me an email explaining common solutions for failed ID quiz (we already covered on the phone) as a formality and I would only need to reply back saying that I have already attempted the common solutions. Once I replied back she would be able to forward to a "specialist" and escalate to a "priority 10". Naturally I replied to the email immediately asking for this to be addressed. Here is the response I received: + +*"Hi there, +I’m sorry to hear that you are still having difficulty verifying your ID through the quiz. As I mentioned we use a third party to facilitate the quiz, and sometimes they just don’t have enough or up-to-date information. +If you’ve tried several times and still can’t successfully complete the quiz, unfortunately there may just not be enough information to verify you at this time. +You are welcome to continue trying to take the quiz as often as you’d like (there is a limit to the number of times you can try per day), as it is possible that the information may update and you could pass. You may also want to try entering different variations of your address, as that is one of the most common causes of not passing the quiz. +In some cases, this verification may be required to continue purchasing through Coinbase. However, in many cases it is not required, and you should still be able to purchase digital currency up to your daily limit with an unverified account as well as use many of Coinbase’s features for buying, selling and transferring digital currency. +In the future we may be able to implement a different method for verifying identity, but at this time we cannot manually verify your ID. +Again I’m sorry for the difficulty with the quiz. Thank you for using Coinbase."* + + +WTF??? This is completely opposite of what the lady on the phone told me. Did she just tell me this to get me off the phone and now they send me an email saying "we can't help you"? What do you mean you can't help me... you have $16,000 of my money. I immediately call back and speak to another operator asking what the deal was. She reassured me that the case was going to a "specialist" and would be a "priority 10" and sends me an email saying she is working with a specialist to address it properly. Obviously I am very perturbed at this point, however I let cooler heads prevail and try a few more days of entering my information. Of course this lead to zero success. + +I wait until Jan 24th and call back into the the 800 number to speak with an agent. After I politely explained the situation to the phone agent lo and behold they refer me to a "specialist" as the phone agent is unable to do anything other than verify I have a case open and it's a "priority 10". Before I let them hang up the phone on me and send me another email saying it's being looked at I ask if there is a way for the agent to look at the que and give me an estimate of when this will be resolved. Naturally there is no que or case# tracking system according to the agent. I also ask if I can have a number to speak with a specialist direct -- "No you cannot speak with them". What about email directly to a specialist? - "No you cannot do that either". Can you call the specialist and speak with them? "No we cannot do that". Can you call the specialist and conference me in with them? "No we cannot do that either". Okay so we are back to the wait for a specialist routine. The agent doubly reassures me that it will be resolved as fast as it possibly can because it is a "priority 10" so I reluctantly hang up the phone as it appears there is no other option. + +My mentality at this point was to call back in every day so I call back in on the 25th and essentially have a mirror image of the conversation from the 24th. At this point I realize this is going nowhere so I decide I will transfer my money back into my bank account and move to another exchange. I log into coinbase to make the transfer and WTF?!?! I can't transfer my money back into my account it came from without verifying my SSN and other information. Surely this is a joke that I have to have my SSN verified to move my own money back into the exact account it came from. At this point my mentality has moved beyond FOMO coin mania and into territory of - they have a decent amount of my money and I don't know if I will be able to get it back. + +It took every ounce of strength but I decided to take a zen-like approach and give it some more time. Absolutely zero correspondence or change in status on my Coinbase account over the next 2 weeks. On Feb 9 I made the decision to call in and make one last attempt and if the results are the same I would close my account live over the phone. The agent I spoke with gave me the same pitch of already being escalated to a "specialist" and there was nothing he could do further. I really went to town and explored all options so fun facts I learned from that conversation: 1) The agent and specialist do not communicate directly 2) Apparently there is no governing authority over either of these entity's that bridges to two 3) you cannot speak with anyone above the agent, not even a supervisor? 4) You can't communicate with a specialist - but we already knew that one. 5) Specialists "DO EXIST" 6) the phone agent cannot view if your case has been looked at or give you an estimate of when it will be completed. 7) A phone agent will "put you on hold" to pretend like they are speaking with someone (not a specialist) in order to appease you into believing they are doing something constructive towards a resolution. + + Clearly this is not getting resolved and the whole phone agent schtick is a lost cause. I immedately requested that my account be terminated and my money returned to me. I was greeted with the following "Sir, you cannot close your account until you transfer all of your money out of your coinbase account" Let that sink in for a moment. I cannot buy crypto, sell crypto, or transfer any USD until my SSN is verified. My SSN and information cannot be verified through the normal Coinbase verification and there is no manual way to do it nor will they provide any live customer support to work towards a resolution. I cannot close my account until all my money is transferred and there are no alternative ways to transfer money out of a Coinbase account. WHAT IN THE ACTUAL F!@#$. + +Coinbase literally has my $16,000 USD held hostage as there is no solution other than "wait for a specialist who may or may not be a real thing other than what we tell you to get you off the phone". I had a fully verified and functioning account - this is not an error on my end or me being pissy because I couldn't buy coin at the right time. They knowingly took $16,000 USD and then removed my verification status, have provided zero evidence of a solution, and then deny me when I make a move to close my account. I would have to believe that there are legal boundaries being crossed by denying me to close my account. I can look past the FOMO and the untold loss potential on having this amount of capital gridlocked but I cannot forgive them not even allowing me to close my account. I could even possibly make amends with this entire situation if I felt that I was receiving customer support that built trust they were actually looking for a resolution and not just telling me whatever to get me off the phone. Who knows what's really going on behind the scenes. + +My biggest problem with all of this - Coinbase certainly had ZERO issue taking the USD incoming but when it comes to the reverse its a big FU. + +Has anyone had a similar experience? Recommendations? I have thought about contacting a lawyer and seeing what my options are. I also contemplated going to appropriate US authoritative bodies but I really would prefer to not bring negative attention to crypto. + +Where do people go for analysis of UK stocks? Internet is full of analysis of US stocks but very little UK or other promising markets. Unless, of course, I am missing in something. + +Even in terms of paid services, there are so many for US stocks but I have only come across Motley Fool UK covering UK market. +So to cut a long story short, I have 3 nephews/nieces that I currently save money for. Every Christmas/Birthday, I set aside money for each of them and pay it into my own personal premium bond account. + +My brothers/sisters are not the best with their money and are in a fair amount of debt. I would like my nieces and nephews to have a savings account for when they are 18, to help buy their first car/house etc. + +I see there are JISAs, savings accounts etc, but most of them need the parents to open it up. I really want to keep my siblings away from any control of my nieces/nephews money as possible. I love my siblings very much, but I simply don’t trust them at all when it comes to money or their kids money. + +I would prefer the money to be theirs in their name, rather than sitting in my own accounts and waiting for me to gift them when they turn 18. + +TL:DR Are there any ways in the UK I could effectively set up a savings account for them without their parents being involved or have access to the money? +I talked to advisors wanting to sell me their products, private banks talking about how shiny their offices were, wealth management firms telling me about their special alternative private equity. + +At the same time, I am reading a few books, looking at historical projections and starting to think that unless anything crazy happens in the next 30 years, the naive solution of index funds has over performed other strategies. + +I came to conclusion that 80% VTSAX 20% VBMFX or similar things like Vanguard LifeStrategy 80, are the simplest and most effective way for wealth growth and preservation. + +I am starting to question, how can it be this simple, what are all the above advisors trying to do? Can someone shed led on something so important that I am missing? + +I am a new wealth and not too experienced, I mostly put my money in my 401k and IRA and had some in taxable accounts. This has been my strategy even before my recent IPO/windfall and started to question it.. +36/m. DINKS 2.6MM net worth. VHCOL. + +My corporate job pays well but is not cushy and I'm absolutely mentally exhausted. High anxiety and working long hours. I have had my goal set on 6mm but really feel like it feels so so far away, with every day being a struggle. + +We are still on fence about kids but leaning towards yes. Which is why I'm targeting 6mm. Otherwise wouldn't need that much. + +Sometimes I dream of saying fuck it, quitting with regular FIRE, and moving to a LCOL area and starting over. But it feels so dumb to throw away 800k in combined pretax income (probably 500k after taxes). It feels like we might never get that kind of earning power again. If I can only squeeze out a few more years... + +Have any of you dealt with this kind of situation as "tweeners" between FIRE and FATFIRE? Have you hit a wall at work where it becomes hard to justify doing it every day bc you're unhappy? + +I'm really good at self denial and self discipline so I know I can keep going if convince myself it's worth it. But I'm just losing faith that it is worth it. + +Sorry no point to this post, just looking to hear some life experiences from others. +This is a bit of an "off my chest" post. But I feel like there's a large percentage of newcomers around here (not to mention a decent percentage of veterans trying to recapture that feeling of being a newcomer) who need to hear it. + +**FIRE** + +**IS** + +**BORING** + +Now, if you’re new to all this, it might be news to you. After all, it doesn’t feel boring in that first phase. Your mind has recently been blown with possibilities for your life you never before considered possible; Everywhere around you, you see opportunities to optimize your spending, your portfolio, your spreadsheets; There are so many books/blogs/podcasts you need to consume to become even more informed on it and optimize your plan even more... + +You want that initial rush of excitement over all the possibilities to last and sustain you and motivate you throughout this entire journey. + +But the truth is, this phase doesn’t last. Within a year or two you’ll have consumed just about every shred of relevant information you can. Your plan has been written and rewritten a dozen times. You’ve had several dozen fights with your partner about whether or not it’s actually worth cutting another 2% out of your grocery budget and why the hell you have to keep the thermostat on 65 when it’s only saving $15/mo on your electric bill. Your spreadsheets have been stress tested and refined to levels of confidence several significant digits more than you’re actually capable of achieving… you get the picture. + +And now? + +You just keep going. You track your budget. You check in on your NW every few months. You rebalance your portfolio maybe once a year. It takes a grand total of *maybe* 10 hrs of effort in any given year. People call it the boring middle, but it’s really more like the boring remaining 99%. + +99% of this is just sticking to the plan for decade, after decade, after decade. Not for a year, or two, or ten. But literally however many years you have left in your life. Because the work doesn’t stop when you reach FI or retire. After that, unless you’ve just massively overestimated how much you need, you’ve still got to keep living on the budget you’ve set for yourself. And it's the same boring slog to just stay on track after retirement as it was before. + +People don’t fail at this because they’re missing some super secret knowledge that only the elite have access to. They don’t retire early because it’s just long, boring fucking work to commit to not spending money they otherwise could be for decades on end. + +So when you look at the front page of this sub and think “ugh, there’s just never any new content around here”. It’s because there **isn’t** any new content for people to post. 99.9% of what you need to know for this has been reiterated to death already on MMM, and ERE, and ERN, and Mad Fientist, and YMOYL, and r/FinancialIndependence, and god only knows how many other places before. And the actually new, interesting, relevant stuff takes a lot of time to put together and doesn’t come around on a daily basis to satisfy your habitual Reddit browsing. + +And that’s how it should be. You’re not pursuing FI for its entertainment value. You’re doing it because (presumably) you want to actually do something else with the security, freedom, and time it affords you. And if you are doing it for the entertainment, you're actually making it less likely you'll succeed here. Because the second the novelty starts to wear off, you're going to start looking somewhere else for it, and then it's all "ooh look, Tesla announced a new model". + +You want exciting? Go look at loss porn on WSB. + +You want to actually build a predictable and reliable plan for retirement that you can execute on over the course of decades? It’s going to be boring. +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" +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! + +Disappointed that we didn't moon the day after splividend? Don't be. Splividend is a catalyst that gets the ball rolling. It is not the finale. + +Look at Tesla's split in 2020 \[[SuperStonk](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/)\] + +https://preview.redd.it/4kckk8e25td91.png?width=3166&format=png&auto=webp&s=59f932fbfec542e1a6b98d87ac66976ba5c4adf4 + +See that purple circle with 5:1 at the bottom left? That's their split on Aug 31 with the stock at about $500. For a week after, Tesla dropped to as low as $330 as shorts were probably trying to scare people out. After that, the stock crept up to a peak of nearly $900 in Jan 2020. + +Just wait. Patience is a virtue. And, it costs nothing to hodl. +I bought into some foreign currencies temporarily to hedge against the dollar falling due to inflation. + +But the dollar is now hovering at a 52-week high, and I'm down a surprising amount on those hedges. + +Why is the dollar so high in this environment? I must be missing something. +Just sold my biz and put 8 figures in the market (75%/25% stock/bond simple etf funds). Still working for the biz for next 2 years as consultant but plan to be out soon. + +I don’t need any of the money right now I’m concerned about a possible market drop based upon all the fear mongering I read on Reddit. Do I really have any choices though? Pull it all out? Leave as is and ride it out? How would you limit risk in this type of situation +41 year old male, married, with 3 kids. Started my own brokerage account and looking to invest heavily for the next 10-15 year until I can retire or atleast knock back to a low commitment part time occupation. Looking for advice such as growth, dividend, index fund, etf, crypto, what the hell do I invest in that is safe and will generate positive returns? Looking for all types of strategies. 4-5K per month to invest. +The conventional wisdom says that you should hold a percentage of stocks in your portfolio that is equal to 100 minus your age. In other words, if you're 40, you should have 60% in stocks. The flip side of this is that the other 40% should be in bonds. + +As life expectancies have lengthened, and I guess, risk tolerance has increased, some have modified this to 120 minus your age. So, a 40-year-old should hold 120-40 = 80% in stocks, with the other 20% in bonds. + +Me, I'm in my late 50s, I'm semi-retired, closing in on full retirement in about a dozen to fifteen years. My intention is to shift my growth ETFs in my retirement account, about $500K, mostly VOO and VBR over to dividend ETFs: + +* JEPI - (9% historical yield) about 40% of my entire portfolio +* SCHD - (3%) about 25% +* DIVO - (5%) about 25% +* JEPQ - (10%) about 10% + +When I fully retire, I'm looking to have this mix pay me about $6000-$7000 a month in dividends, maybe even $8000. No withdrawals from sales of stock, no 4% rule. + +My question is, what do I need bonds for? What's their purpose in a portfolio like this? I'll answer my own question (I think): To protect me from a market downturn. But since my plan is to live off significantly less than my dividends provide to me, I'm not so sure that that's important. + +Now, you may be quoting John Lennon and saying that "Life is what happens to you while you're busy making other plans." That I may need to sell some holdings off and make some withdrawals. Well, okay, fine, but that's only gonna reduce me for a little while until the market comes back. In other words, I'm in SCHD and DIVO for the growth, to keep up with inflation, to pay off those unexpected emergencies and bills. + +**Why do you need bonds?** +My 18 year old daughter became interested in trading after seeing, and tolerating, me doing it for years. I told her if she practiced in a sim and was profitable with good trades(no yolos) and could consistently follow a strategy and show me a journal for 3 months straight. I would fund her a 30k account to trade with. I was careful not to try to “teach” her to trade or influence her thought process on it. Every trader needs to find what works for them. She really does not know much about the economy, nothing about the market, doesn’t really understand profit and loss statements. Doesn’t watch the news. But she was able to grasp a couple simple strategies on trend following from watching Oliver Velez on YouTube. And she understands red and green bars and how they may be likely to move in relaxation to a couple moving averages- at least for the next ten minutes. Since she has no emotional baggage about money or profit or loss, she is amazing at following her simple rules, taking her entry and applying a stop each and every time. A small loss rolls right off her back just like getting blown up in a video game. She knows she can just hit reset and enter another trade in a few minutes. Her performance is arguably better than mine. I am about to have to cough up 30K. If this could be an example for new traders, forget what you think you know about the market, forget trying to be a professional investor when you don’t have the skill. Find a very simple strategy, forget all the noise, and simply repeat it. Quit trying to make big profits or emulate traders and the large profits traders post who have been trading for years. I think if more traders did this a lot of market tuition could be saved. (Edit: Before you think she has too much privilege, I am a capitalist, she needs to give me some profit split initially as payment to me loaning her the trading capital.) +For anyone interested in learning about the brokerage business: TP is considered by many to be an innovator, a talented trader, and to superstonk, a complete blabbering-buffoon! + +In his see and be see interview he is prompted by the interviewer (wonder why) to speak about the 'meme-stocks'. His opinion is understandably negative, because he is on the losing end of a potentially bankrupting trade. + +Some gems from TP to stuff your stockings: + +* margin debt is down 10% from the all-time-high. which is still high AF meaning essentially all of the bad actors are still over leveraged and on their heels. +* the interviewer mentions how far GME is down this year (appx 50%), (wonder why she would do that.......) for reference amaxon, also (appx 50%). A 50% off Christmas Special! WOOHOO! +* TP 'hopes' the 'meme' trend is dead. Spoiler, it's not... +* in his opinion, a company that has no debt and that is recently free-cash-flow positive after an extended stretch of unprofitability has 'no fundamental value' (um, wut?) +* his remarks on the SEC rule proposals: he selects an incredibly minute issue to favor and then all of the other rule proposals appear to be 'good for the customer' i.e. this will be bad for him. + +&#x200B; + +\~ to put a pretty little bow on it \~ + +TA:DRS. brokers are FUCKED and they KNOW GME IS NOT GOING AWAY + +741 prophecy !!! +Hello all. +I am a 24 y/o that has been working for a year and upon Friday am receiving a sign on bonus of 10k. I have acquired this debt through the years….7000 on 13.4% credit card, 1500 on a 20% credit card, 28000 (55 payments left) car, and 12000 in federal student debt (u.s) that is being deferred. I’ve managed to save 9000, and am receiving a sign on bonus that is being payed out on Friday which after taxes my check will be 8300. I have about 4000 in my checking account…My question is what should i do: Save, and continue to chip away slowly at debt or take a big chunk out of my credit cards? What would you do? +* 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; +I'm a pro trader, so that is not a newb question. I'm really puzzled on why is there much more topics about "trading stocks" rather than "trading futures". + +I can understand why as institutional trader I might be interested in stocks too, but as for retail traders: + +- No significant leverage. 2:1 overnight under $100k accounts, and 6:1 at best with "portfolio margin" accounts + +- Once you do get leverage, you actually pay a lot for it. + +- REPO costs for all your long/short portfolios you need high leverage for + +- REPO availability for retail is aweful... No way to model that with any reasonable precision + +- High fees. Commissions per share instead of notional and minimum comm per order makes stocks under $10-12 trading super hard + +- Liquidity. Even on closing auctions, liquidity on a lot of stocks/ETFs is not great. You can move the closing price easily even with a $50k+ order. + +- Price/L2 Data. While you can get stocks price data for free (yahoo, tiingo, iex, etc...), stock market is fragmented and you're getting a consolidated price feed, so you still have to get quality data to filter only the exchange you're planning to trade on. On top of that, you have to clean it from delayed trade reports and other non-tradable garbage, which makes consolidated volume figures highly inaccurate. Futures are traded only on 1 exchange so you don't have to bother cleaning it that much. + +So why do people still prefer trading stocks vs trading futures? +So setting aside your own personal opinion on whether the recent BCH surge is a "pump and dump" or the crypto community finally accepting what bitcoin was meant to be all along, what are the drawbacks to larger block sizes which is the central feature of BCH? + +The pros are easy enough- faster transactions and lower transaction fees (i currently have a BTC transaction that's been in limbo for the last 24 hours for absentmindedly using a "normal" fee.) + +What are the cons of BCHs large blocks? Is it only because it's easier to centralize because the block size is so much larger? Centralization is a legitimate concern in cryptocurrency but is there anything else to consider with 8mb blocks? +Lots of people avoid investing in banks because they are hard to evaluate, their balance sheets can be opaque, and they are a heavily regulated industry. + +However, banks are also a core part of the economy, and many pay some nice, steady dividends. + +The core business of a bank, taking in deposits and then lending them out at a higher rate to create “net interest margin” (NIM) is naturally profitable and that business model isn’t going anywhere. + +Here's a broad overview to make choosing bank stocks a bit easier! + +### Types of Banks + +**Mega-Banks**: JPM, C, BAC, WFC, GS + +With fingers in all sorts of investment pies, these huge banks offer many services – investment banking, wealth management, and loans (smaller part of their revenue than most). They may also have all sorts of crazy derivatives on the books, making their valuations difficult to judge, and in my opinion, riskier than people give credit for. + +JPM usually considered best managed, C or WFC if you like comeback stories. + +**Custody Banks**: STT, BK + +These two banks hold investment assets for institutional managers, hedge funds, etc and split this huge pie of assets roughly equally. An incredibly stable business model, but growth is modest. + +State Street (STT) runs famous ETFs such as SPY, while BNY Mellon (BK) owns Pershing, which serves RIAs and other investment advisors, a possible source of revenue growth. (I rarely see these custody banks discussed, and I think they're underrated) + +**Regional US Banks**: USB, MTB (my two favorites, there are others as well). + +Regional banks are moderately large and geographically diversified, but have less strict capital requirements that the mega-banks must uphold (bank regulation is a deep rabbit hole to jump down, much too big to cover here). + +USBank is best-of-breed here in my opinion, with top-notch management, efficient operations, as well as a payments-processing business with a moat. There are other competitors in this space (FITB, KEY) which you can investigate to see if they appear to be a bargain relative to the excellence of USB. + +**Canadian Banks**: RY, TD, BNS… + +There are five (I think) dominant banks in Canada. They pay nice dividends. Many have wide international reach – Scotiabank (BNS) is deep in Latin America, for example – which is a differentiating feature among them. + +Living in the US I don’t want to hassle with Canadian tax withholding on my dividends, so I don’t own these, but otherwise they could be attractive. + +**Community Banks**. For a nice list, see holdings of the ETF QABA. + +These are interesting – micro-caps, typically with between 30-50 branches in a locality. Their success will largely depend on the region they operate in – think of them like a super-regional, mini-ETF because they survive and thrive by giving loans to local small businesses. + +Most of their revenue comes from loan spreads, so more interest rate sensitive – but they also are less heavily regulated, allowing for (sometimes) better profit margins than their larger cousins. + +Recently PPP gave a massive cash infusion to community banks, and while that program has ended, it’s been good for balance sheets. + +Lots of due diligence needed, as the efficiency and operations of these vary bigly, and you’ll want to evaluate them closely before investing. + +My favorites: STXB (Houston-Texas, rapidly growing), NTB (Bahamas and Cayman Islands, good dividend). + +### Evaluating Bank Stocks – Important Ratios + +The balance sheet for a bank is different from non-financial stocks, so ratios you may normally use can be useless or totally misleading. (Particularly, ROIC is meaningless). + +Here are some that can be useful: + +**Price/Book**: basically how expensive a bank’s stock is (more meaningful than P/E). P/B between 1-2 is normal, P/B < 1 usually means either problems on the balance sheet, or a bargain. + +**ROE**: Return on Equity, obviously higher is better. How effectively a bank uses your investment dollar to generate profits. With interest rates being low, banks that have more tangential businesses (e.g. wealth management) do better on this metric than others. + +A bank can show higher ROE if it is highly levered, has a lot of debt on the books, this is not desirable way to boost ROE… + +**Dividend Payout Ratio**: how much of a bank’s earnings go out to pay dividends. If this is > 75%, concerning. Also check history of dividend increases in the past - some banks have dividend growth rates of ~10%, very attractive for long term dividend investors. + +**Net Interest Margin**: how profitable the bank’s loan operations are, the spread between what they pay on deposits and what they charge on loans. A small bank might have NIM > 4, large banks might have closer to 2.5 as they are forced to compete more on rates. Higher NIM means their profits are more stable (arguably, it indicates a moat). + +**Non Performing Assets**: the percentage of loans that are in trouble. An indicator of how good the bank is at underwriting for risks – if this figure is increasing over time, beware! Generally a well-run bank will have < 0.5% of non-performing loans when the economy is doing well. If > 1.0%, beware. + +**Where do you find all these ratios?** I use Schwab for my brokerage, which gives access to **CFRA**’s quantitative reports – I think they do a good job on covering banks. + +This is all the easily accessible stuff, if you want a deeper look into the balance sheet of a bank and so on, “The Bank Investor's Handbook” Nathan Tobik and Kenneth J. Yellen will walk you through that. + +### Hope someone finds this helpful. +Only a few years ago you could find a 1 bedroom for $700 now it’s $1,200 or higher. I am finally of age to move out and I can’t find anything on my own that won’t put me living pay check to paycheck. Is this now reality? + (I don’t know if I should say the name of the company, although at this point they completely deserve it) but last year I bought a single box from this company to be mailed to me. You have to request a box to be charged, it’s not an automatic subscription. +HOWEVER, I woke up one recent morning to my bank alerting me that I’d overdrawn from my account. I look at the statement and the company has charged me for 3 of their boxes. I got an email from the company saying it was a “server error” and that they’d fix it all same day. + +So I wait a day. +They refund me for ONE BOX. +I wait two days. +On the morning of the second day I wake up to my bank alerting me again, because the company has charged me again for that box they refunded, as well as a fourth one for good measure. I now have large bank fees for my insufficient funds and I’m kind of freaking out. + +They owe me $428 for the boxes and the bank fees are $68 and climbing. I’ve called and called and emailed and emailed. What should I do? I feel robbed! + +EDIT: +Thank you so much everyone for your help! I went to my bank and disputed the charges and got my money back as well as a new card coming in the mail. The company (Quarterly Co.) still hasn’t replied to my emails but I’m fine with that at this point. I don’t want anything to do with them anymore. +Thanks again :) +During the night some hackers apparently found a way to bypass password and 2FA and managed to withdraw coins from some users account. + +Some users woke up this morning with their balances empied. + +Crypto.com temporarily suspended all withdrawals for all users and it's investigating. + +Officially just few users were affected. Looking at Twitter, it seems a bit more than just few. + +Check your account and if you see any suspect activity, contact the customer support asap! + +Crypto.com said that all funds are safe, not sure if they're talking also about people who already lost their coins though. + +Official tweet: + +**We have a small number of users reporting suspicious activity on their accounts. +We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.** + +https://twitter.com/cryptocom/status/1482936866001207296?t=a9qyu73Vp7Oyuv5Nas_cKA&s=19 + +**UPDATE:** +According to a new tweet, the problem is solved but users must login again and reset their 2FA in order to reactivate withdrawals +I only found out about two weeks ago. I hope you all don't mind, but I'm using a throwaway here because I haven't revealed it to everyone I know yet, and I'd hate for them to find out the bad news by snooping on my regular Reddit profile. + +So here's the deal: Personally, I'm at peace with it the the extent than I can be. I can get a lot of my bucket list out of the way in five years, and it gives me a good amount of time in reasonably well health leading up to the last year or so for me to spend with my wife. + +But now that the shock has worn off somewhat, I'm trying to plan a little more practically. I'm looking at a *LOT* of guaranteed medical bills in the next few years, if only to maintain a reasonable quality of life. That's going to require a lot of my work-provided insurance, which of course I need to work full time for. + +The problem is, obviously I'd really have nothing to work towards other than the insurance. I don't really have much of an incentive to work towards building a career now. I'm 27 years old, and likely won't live to see 35 unless I'm a rare medical case and end up extremely lucky. I'd rather spend my remaining years knocking things off that bucket list and generally just *living* as much as I can, not existing in a florescent lit office out of mere necessity. + +What are my options here? Is there something within Obamacare that would allow for me to have a better quality of life when it came to medical bills and working full time? Are there any options I'm not considering? Any help at all would be greatly appreciated. + +**Update:** Thanks for all of the wonderful replies. This seems to have taken off since I posted it this afternoon, and my inbox has obviously exploded. I don't really have time tonight to reply to everything, but I will try my best tomorrow. + +To answer the general conversation, no I haven't really completely given up. It's great to see many stories from survivors here, though I am not very knowledgeable of this whole thing and I don't even really understand the specifics myself at this point to be honest. I have gotten two opinions from doctors that were both suggested to me, but I need to take time to process things to understand the next step. + +I'm kind of a whirlwind of emotions right now. I'm sad for my wife who has to deal with this, angry with God for doing this to me, resentful and jealous of others who live healthy lives without worry, but in a weird way kind of happy that I know it all has an end date. At least there's that bit of certainty in a situation otherwise altogether uncertain. + +The thing that really sucks is that right now, at this moment on paper, I'm worth more dead than alive. If I were to die in a car accident tomorrow, my wife would have a half million payout on my life insurance. If I continue to live for five years or longer, I'll have sucked our life savings dry with medical costs. + +So yeah, still trying to figure out what to do, but looks like I came to the right place to start considering my options. Thank you so much. +>The current version of the tax plan features a 21 percent corporate rate, two people briefed on the plan told CNBC. + +>It also would feature a top individual tax rate of 37 percent and raise the mortgage interest deduction amount to $750,000. This version would also lower the pass-through deduction back down to 20 percent. + +>The sources said, however, that details of the package are still under negotiation. + +>This story is developing. Please check back for further updates. + +[CNBC](https://www.cnbc.com/2017/12/12/gop-tax-bill-would-include-21-percent-corporate-tax-rate-would-start-in-2018-sources.html) +I mean, this stock breaks all common sense in investing. Im averaging up as each day passes and i still feel its a bargain everytime i hit that sweet buy order button. + +As time has passed since january i have gradually converted my portfolio into a 100% GME based one. In the beginning it felt a bit risky, but for every great DD i read, it calmed my nerves some more and i honestly felt some FOMO and just had to buy and hold more to not miss out. + +Nowadays i’m so zen that there are days when i don’t even check the live ticker. And since i have a price alert set at 50k it is in itself soothing, since the current price is just not right (the price alert is not for selling obviously since it is nowhere near the floor, but for cracking a cold one and getting ready for some real action). + +Does this mean i have completed my evolution into a true ape? + +Edit: Yes, this is partially a repost from a post i made from a couple of months ago from r/gme (this was unfortunately one day before the great forum slide) +I have added some text to further describe my current feeling. +Feel free to downvote this as im not interested in karma but i wanna spark a conversation making other apes have a forum that can spread zen or helping apes cope with their stress. There is no need for calling me bad things and lashing out your inner rage at me... + +If you want me to delete this, i gladly will, but just be civil about it please. +I'm new to this Subreddit. I kindly apologies for asking dumb questions here. + + + +So after the appraisal, my package has been updated to 5.3 LPA. And now I believe that my income tax slab has been changed. As per old regime, I am liable to 20% tax and as per new regime, I am liable to 10% tax. + +I do not have any investment declaration like HRA or 80C documents to reduce my taxable income. This is because I do not have any dependent family member or senior citizen. All in all, I cannot make any investment declaration. + + +Will you please advise me how my tax would be calculated (per month) and what tax regime I should go with? + + + +Thanks. + + +Edit : Thank you all for your kind suggestions and responses. Really grateful. I have gone with the old regime as suggested. I had a talk with the payroll in my office and he said I took the right decision by taking old regime. All thanks to you people. +$AXP reported earnings this morning. Excluding the reserves, the results beat market expectations. The stock is up in early trading. + +https://seekingalpha.com/news/3564091-american-express-builds-reserves-cuts-costs +My landlord upped the price by $30 per week from the next lease (in March) + +I told them that seems a little steep considering I've been a good tenant and actually done some work to make the place better than when I moved in, so could we negotiate it down to $15. + +No, we cannot. + +I then asked if I could sign a 3 month lease at the new rate rather than a 6 month one (There's a chance my parents are going to buy a place in which case I'd move into that). + +No, 6 months minimum. Then they started asking me why I wanted a 3 month lease and whether I was planning to move out. + +I understand they're just tryin to maximise their $ and stability but it's frustrating as fuck since I'm now paying $100 per week more than I was at the start of last year. + +I take it I don't have any bargaining room at the moment? + +More reason to hurry my parents into buying a place I guess. +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 158.5, 162.5, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256. + +**Edit 13 4:00PM:** + +Ending around 154.49, down 1.25%. Overall the 2nd lowest volume day since Jan. + +Have a great weekend everyone! + +**Edit 12 3:29PM:** + +We're on track for being the lowest volume day (less than 4.7 million) since before the Jan spike. + +**Edit 11 2:43PM:** + +2 hours of low volume lmao. ZZzzzzz. Hopefully we actually get some "power" during power hour. + +Power hour: [https://www.youtube.com/watch?v=F6XoLaWv-Js&ab\_channel=WardenElite](https://www.youtube.com/watch?v=F6XoLaWv-Js&ab_channel=WardenElite) + +**Edit 10 11:55AM:** + +Price is staying above the resistance for the wedge. + +https://preview.redd.it/8y73t0na5kt61.png?width=2150&format=png&auto=webp&s=04c962b0eb6669b2d8b237452590578c7122a852 + +**Edit 9 11:50AM:** + +\-----------> + +Perhaps midday and power hour, we'll see the fireworks. + +**Edit 8 11:19AM:** + +Head and shoulders. + +https://preview.redd.it/c3jo87mtyjt61.png?width=2144&format=png&auto=webp&s=944ae7271d498be8ab8f4f3e9aa66c36e19732a8 + +**Edit 7 11:05AM:** + +New resistance added at 158.5. + +**Edit 6 10:47AM:** + +Moving up on low volume. Nothing significant happening yet. + +**Edit 5 10:26AM:** + +Nothing really happening so far. A couple 160 and 200 strike Calls sold. Probably sold to close or covered calls. + +https://preview.redd.it/px4bu3kepjt61.png?width=2487&format=png&auto=webp&s=cc8712f6144c0b52dc6377befa263ceffe7f0363 + +**Edit 4 9:51AM:** + +Bit of a wedge forming. + +https://preview.redd.it/mkck1yz3jjt61.png?width=2144&format=png&auto=webp&s=ca2a502082b3bdf07b1b5a46132ba41a1a033ce8 + +**Edit 3 9:38AM:** + +Stream: [https://www.youtube.com/watch?v=TBaCp\_5NNXw&ab\_channel=WardenElite](https://www.youtube.com/watch?v=TBaCp_5NNXw&ab_channel=WardenElite) + +**Edit 2 9:37AM:** + +Bouncing between the 152.5 and 157 channel. + +https://preview.redd.it/nghqwkjogjt61.png?width=2131&format=png&auto=webp&s=7512ba6f2d50a2fbbe759b09fa006ca2be1e50eb + +**Edit 1 9:31AM:** + +First minute candle 192k volume. Pretty low. Perhaps a quiet market open followed by a bang later in the day. + +# Begin Reading Here + +Gooooooood morning my fellow apes! + +Well the day has finally come. The great exercise day. By exercise, I mean stand up in your room and stretch your arms. Do some jumping jacks and prepare for whatever the heck GME has in store for us today. + +https://preview.redd.it/lsmav2yrdjt61.png?width=400&format=png&auto=webp&s=e20691500e537edf4c51a10d046a915d1b679a06 + +We saw a bit of a pullback on Thursday, and I'm expecting Friday to be a continuation of Wednesday's mad rally. Seems DFV has been on a bit of a tweeting spree recently. Maybe he knows something is up? Getting a bit pumped for what will happen very soon? Who knows. All I know that he knows, is that he really likes the stock. So do I. + +# Premarket Analysis + +Shorts really do love hammering it in the premarket. Broader market gapping up in the premarket but GME hammered down. + +https://preview.redd.it/8xthzw5kdjt61.png?width=2132&format=png&auto=webp&s=b251aba105fec5146cd918cb98a9a1cca122b185 +There is an old saying on Wall Street. + +>There are many possible reasons to sell a stock, but only one reason to buy. + +If you think about it, you can sell stocks for any number of reasons - downpayment for a house, a medical emergency, or just plain profit booking. But when you are using your hard-earned money to purchase a stock, there is only one reason. You expect the stock price to go up! + +It’s not a hard stretch to imagine that company insiders who are in high-ranking positions (CXO’s, VP’s, Presidents, etc.) would have a better understanding of the company and its expected future performance than any financial analysts out there who are just working with publically available data. So if these well-informed insiders are making significant stock purchases, does that mean they expect the stock price to shoot up soon? + +In this week’s analysis let’s put this to the test. **Can you beat the market if you follow the stock purchases made by company insiders?** + +[ ](https://preview.redd.it/61u5ws0wt8p71.png?width=1728&format=png&auto=webp&s=acafc0e339a1258616d0a5b1c9e23986993876a4) + +**Data** + +The data for this analysis was taken from **openinsider.com** + +it’s a free-to-use website that tracks all the trades reported on SEC Form 4 \[1\]. While there are a lot of transactions that are reported daily to the SEC, I kept the following conditions to reduce noise in the data. + +* Only transactions done by CXO’s, VP’s and Presidents (people who have a significant view of the company strategy and operations) are considered. +* A minimum transaction value of 100K +* The transaction should be purchase (Not a grant, gift, or purchase due to options expiration) + +The financial data used in the analysis is obtained from Yahoo Finance. + +[ ](https://preview.redd.it/el8r46gyt8p71.png?width=1728&format=png&auto=webp&s=6b586f60ddc46621e50579b9aa0133873b628c14) + +**Analysis** + +For all the transactions, I calculated the stock price change across different time periods (One Week, 1-Month, 3-Months, 6 Months & 1 Year) and then benchmarked the returns against S&P500 over the same time period. + +My hypothesis for choosing different time periods was to understand at what point would you generate the maximum alpha (if we realize any) over the benchmark. All the results are checked for outliers so that one or two stocks are not biasing the whole result. + +https://preview.redd.it/gly3uvhyt8p71.png?width=1728&format=png&auto=webp&s=e92e7f07ffefc2881ae1c885a241b38010c0fa64 + + **Results** + +[ ](https://preview.redd.it/8s8832y0u8p71.png?width=909&format=png&auto=webp&s=9ba7e1c8ce0873d8c7ceb3e2436f93fee03f1d62) + +Surprisingly, if you had followed the insider purchases, you would have beaten SPY across all 5 different timeframes. The alpha generated would also have increased with increasing timeframe with the insider purchase trades beating the S&P500 by a whopping 17.6% over the period of one year. + +I have kept 1-year timeframe as my limit mainly due to two reasons. First, I started the analysis for identifying short-term plays, and secondly, given our entire dataset is over the last 4 years, anything more than 1 year would not have data for a significant chunk of our population which can affect the analysis. + +[ ](https://preview.redd.it/wrg3zsy1u8p71.png?width=830&format=png&auto=webp&s=6616923c8cb041ca2bbe7c2cf7e24f645808f307) + +But the number of trades that made positive returns shows a different story. When compared to trading SPY, a lesser number of trades would have generated profits in the case of following insider purchases. The key here is that while the chances of your trading making a profit is lower, if it does end up making a profit, you would generally have had a better return than the market. + +[ ](https://preview.redd.it/csp7lsiyt8p71.png?width=1728&format=png&auto=webp&s=5fcfe00b2265ae1c36c2827fc81dd0313f0c932b) + +**Limitations to the Analysis** + +There are some limitations to the above analysis that you should be aware of before trying to replicate the trades. + +* The data I collected has a lot of small-cap companies which are inherently more risky than a large-cap index like S&P500. Given our returns are not risk-adjusted, the alpha we are seeing here might just be due to the higher risk you are taking on the trades \[2\] +* The analysis is limited to the last 4 years of data during which the markets were predominantly in a bull run (except the Covid-19 crash) +* Finally, this assumes that you will buy an equal amount of stock whenever a company insider does a trade which might not be practical given our inherent biases and apprehensions\[3\] + +[ ](https://preview.redd.it/0ta3ogjyt8p71.png?width=1728&format=png&auto=webp&s=ae19ba9725df0300364c775633f4ef6840ac1e6c) + +**Conclusion** + +Usually, insider purchases are used to gauge the overall market sentiment. A very high proportion of sells over buys signify that insiders are losing confidence in the stock/industry and it’s time to get out of that market. + +This analysis shows that the individual trades can be used for identifying stocks that are worth buying by analyzing the insider purchase patterns. This should be just considered as a primer into the topic as SEC Form 4 has a treasure trove of information \[4\]. + +You may or may not implement this strategy based on your investment style. But at the very least, you should check for the insider transaction pattern before investing in a particular security! + +Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1Cxj5FDxbCikjuS4w14PXnm2QDwIxHGaJANPjjF-R6wA/edit?usp=sharing) + +Until next week… + +[ ](https://preview.redd.it/yszyuckyt8p71.png?width=1728&format=png&auto=webp&s=3e767b887b7597b91d2af438d97cda7783a276b0) + +**Footnotes and Existing Research** + +\[1\] SEC Form 4 is what an insider file when he/she makes a transaction. It’s expected to be filed within 2 days, but I observed more delay than that in many cases. For the purpose of this analysis, I have considered transactions that were reported no later than 10 days. + +\[2\] [Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective](https://econpapers.repec.org/article/tprrestat/v_3a85_3ay_3a2003_3ai_3a2_3ap_3a453-471.htm) : The study published by Leslie A. Jeng and Richard Zeckhauser of Harvard found that insider purchases beat the market by 11.2% per year. Even after adjusting for the risk using the CAPM model, the returns beat the market by 8.5% + +\[3\] Very few people have the ability to keep their emotions away from the trades when a significant chunk of their money is at stake. + +\[4\] You can filter for the role of the insider (for eg, if you want to track only the CEO purchase/sales), industry, percentage ownership change, the current value of stock owned, etc. There are thousands of permutations in which you can do this analysis to find some alpha. + +\[5\] Multiple research papers over the last 3-4 decades \[[eg.1](https://jbepnet.com/journals/Vol_4_No_3_September_2017/5.pdf), [eg.2](https://www.insidermonkey.com/blog/the-insider-trading-anomaly-recent-academic-studies-591/)\] have shown that insider purchases significantly outperformed the market + +https://preview.redd.it/pq9pja0zt8p71.png?width=1728&format=png&auto=webp&s=3a659dd3772d00c2b943071960c474ae8d8d6a79 +At the time of writing this, ORC stock is $5.03 per share with a monthly dividend of 15.38%. If I buy 100 shares of ORC for $503 total, would that yield me 77 cents per share ($77 a month) since ORC pays monthly dividends? I'm new to stocks and Dividends and not sure how that all works exactly. Please let me know if this is correct and if not please let me know what it would actually be. +So you're New to Penny Trading? Welcome! There's been a lot of questions from new investors about how to invest and what certain acronyms mean. One of the most common is Pump & Dump (P&D). + +A Pump & Dump occurs when a seemingly nothing company suddenly skyrockets, at which point YOU jump on the hype train at the PEAK, and then suddenly it dumps back down to nothing, taking all of your money, and leaving you with a bag (not a good thing). + +To help new investors recognize a P&D I've listed a few warning signs; + +\*If your company has one employee, no product, and is in the "trial stage" - it may be a P&D + +\*If your company has not filed paperwork with the SEC since 1995 - it may be a P&D + +\*If your company was trading at .0002 a share a month ago and now is $2.50 - it may be a P&D + +\*If your company has zero Fin-info, zero catalysts, and is 1000x earnings a share - it may be a P&D + +I could go on all day with this but...In other words...DO YOUR OWN DD AND QUIT CHASING TICKERS COMPLETE STRANGERS YELL OUT ON REDDIT!!! GOOD LUCK!**!!** +It seems like most developed nations run tremendous budget deficits from year to year. The only exceptions appear to be nations which have an unusual richness of natural resources (e.g. Saudi Arabia, Norway). + +I don't know much about economics, but I know some, and I'm really interested in why nations run budget deficits, and how it is possibly sustainable. + +If I personally ran a budget deficit, I'd burn through my savings pretty quickly. If my employer ran a budget deficit, they'd have to raise money somehow or go under. Why are countries different, and why does the budget deficit seem almost routine, and not an eyebrow-raising event like it seems it should be? + +Are there developed countries that do not have unusually fast-growing economies or rich natural resources, which do NOT run budget deficits? + + +I think Zerodha is doing well(making profits) with it's retail brokerage offering. I'm trying to think of why they decided to move in this direction. +Obviously this would be a tremendous opportunity if they are able to make a better product that what's in the market, but are they well positioned to do that? +Some of you may have missed this story but I was digging into it because of a conversation I had with someone about the value of investing in [NHAI bonds](https://www.livemint.com/money/personal-finance/invest-in-54-ec-bonds-to-get-exemption-from-tax-on-ltcg-1565718687158.html). + +About a month ago, reports started coming in that the NHAI's financial health was not very good, and that there were definitely ripple effects from the [IL&FS problem](https://www.dnaindia.com/business/report-ilfs-contractors-move-pmo-for-rs-2000-cr-dues-2695482). (See also [this](https://www.newsclick.in/the-curious-connection-between-ILFS-NHAI)) + +Reports suggested an unsustainable amount of debt has ballooned, and that there is not enough revenue to support the NHAI's projects, which may lead to a slowdown in infrastructure development.The CAG had [cautioned](https://www.business-standard.com/article/economy-policy/cag-raises-concerns-over-burgeoning-costs-of-nhai-s-projects-cautions-govt-119082801435_1.html) the government about this as well. E.g. Moneylife [reported](https://www.moneylife.in/article/nhais-giant-liabilities-is-there-a-solution-that-doesnt-tax-us-more/58045.html): + +> "NHAI has reportedly been asked to discontinue construction of roads and monetise assets; this has happened only after NHAI’s debt soared from Rs40,000 crore in 2014 to an unsustainable Rs1.78 lakh crore in 2019 under Mr Gadkari’s watch." + +Some of those news reports indicated that the PMO had directly intervened in the matter, advising NHAI to take two steps: stop constructing roads itself, and encourage private sector takeovers to complete projects. + +> In a letter dated August 17, Nripendra Misra, Principal Secretary to the Prime Minister, wrote to Sanjeev Ranjan, Secretary, Ministry of Road Transport and Highways, collating suggestions to improve the operational performance of NHAI. The letter said the NHAI was “totally logjammed by an unplanned and excessive expansion of roads and it is mandated to pay much higher costs for land acquisition and construction." [[Livemint](https://www.livemint.com/industry/infrastructure/pmo-s-suggestion-to-nhai-stop-building-roads-sell-assets-through-an-invit-1566619682822.html)] + +More about the PMO's concerns here: [Livemint](https://www.livemint.com/market/mark-to-market/road-works-at-risk-as-pmo-differs-with-nhai-on-path-ahead-1567361360908.html); [Business Standard](https://www.business-standard.com/article/economy-policy/nhai-at-a-crossroads-on-debt-servicing-concerned-pmo-raises-red-flags-119083001692_1.html); [TNIE](http://www.newindianexpress.com/business/2019/aug/29/nitin-gadkari-allays-fears-over-nhais-financial-health-after-pmo-letter-2025984.html); [CNBC](https://www.cnbctv18.com/infrastructure/pmo-raps-road-ministry-for-reckless-highway-expansion-nhai-responds-4232001.htm); [Bloomberg Quint](https://www.bloombergquint.com/business/nhai-road-construction-projects-pmo-letter-to-morth-indicates-indias-road-run-to-hit-speed-bump) + +The Union Minister for Road Transport, Mr. Gadkari responded by saying, this note was [only a suggestion](https://www.livemint.com/politics/policy/pmo-s-notes-only-a-suggestion-nhai-will-continue-building-roads-1566915635023.html) and not an order, and that NHAI would continue to build roads. + +Then, suddenly, last week, Mr. Gadkari directly contradicted the PMO, saying that there were no financial issues at NHAI. + +> “The NHAI is not financially stressed," Gadkari said repeatedly. “These media reports on NHAI’s finances being stressed are untrue. You should go by my track record. I have always been able to raise money for projects, be it the Mumbai-Pune Expressway or the Bandra-Worli Sea Link. We have very healthy internal rates of return. There is no problem regarding money," he said. [[Livemint](https://www.livemint.com/news/india/nhai-is-not-financially-stressed-has-pmo-s-backing-nitin-gadkari-1568026075719.html)] + +Additional reports suggested that the PMO letter regarding NHAI was not actually from the PMO, and an official was fired for leaking it on social media. The news reports on this are very strange, because they suggest: + +> Gadkari said a person wrote a 1,300-page letter having suggestions on road projects. On the instructions of Prime Minister Narendra Modi, his Principal Secretary Nripendra Misra forwarded it to nine secretaries to look into the matter, including the roads department secretary. +> "One of our officials uploaded a picture of that (letter) on social media and lot of fake news items got published because of that. We have suspended the official," Gadkari said, replying to a specific question on the financial health of NHAI and its ability to execute projects. [[Business Today](https://www.businesstoday.in/current/economy-politics/official-suspended-over-pmo-letter-on-social-media-nitin-gadkari/story/378274.html)] + +"A person wrote a 1300 page letter" - I find this hard to believe. "A person?" A 1300 page anonymous report on road construction? Whose identity is being protected here? Is this just a case of killing the messenger? + +Then, Mr. Gadkari had [said](https://www.livemint.com/news/india/nhai-is-not-financially-stressed-has-pmo-s-backing-nitin-gadkari-1568026075719.html) that NHAI does not need additional budgetary support, and that their revenue streams are sufficient at the moment. But the NHAI chairman [said that](https://www.business-standard.com/article/economy-policy/will-not-borrow-if-government-allocation-is-increased-nhai-chairman-119090400467_1.html) increased budgetary support would be needed and would be preferable to having more borrowings to support NHAI. + +The SBI may be willing to lend NHAI funds, as well. But despite his confidence about financing, Mr. Gadkari is also saying that we will be paying tolls in [perpetuity](https://www.thehindubusinessline.com/economy/logistics/sbi-mulls-lending-35000-cr-to-nhai-for-highway-projects-rajnish-kumar/article29382101.ece): + +> “The toll collections from these projects are very high; our toll income will increase to about ₹4,000 crore a year when these BOT Toll projects as returned to us at the end of the concession period,” Gadkari stated. + +> “Toll is never going to end. Even after the cost has been recovered from the projects, the toll collection will continue. NHAI getting toll income in perpetuity is a very good proposition,” Gadkari said. + + + +Now the PMO has sought a[ status report](http://www.newindianexpress.com/business/2019/sep/14/pmo-seeks-status-report-on-road-projects-2033448.html) on road projects. Meanwhile, also, the current plan seems to be to revert to the old UPA BOT model: + +> According to a Bloomberg report, the PMO is now making a push to revert to the old model used under Manmohan Singh. NHAI would hand projects to developers via auction. Private builders will then build the roads, collect toll for a pre-agreed period and then transfer the asset back to government when that period expires. [[Economic Times](https://economictimes.indiatimes.com/news/economy/infrastructure/busier-roads-bigger-money-inside-modi-govts-new-road-monetisation-plan/articleshow/71047245.cms)] + +At the same time, additional costs are accumulating, as you can see recently an arbitral tribunal has [ordered NHAI to pay Rs. 750 crore](https://www.thehindubusinessline.com/economy/logistics/arbitrator-asks-nhai-to-pay-750-cr-to-developer-for-delays-in-making-land-clearances-available/article29320029.ece) as a fine for delaying clearances. + +I think that there are two sets of issues here - one is systemic, the other is regarding messaging: + +1) NHAI's financial health is undoubtedly weak, despite the government's divided position on this. + +2) There seems to be no clear resolution proposed how it should be resolved (Build-Operate-Transfer/Inv-IT, increased budgetary allocation, etc). + +This is all that I have been able to gather on the situation - and if anyone has any inputs on what is actually going on, I would appreciate it. +I have 7 greenhouses in theSouthwest desert. I have twenty-five S9 miners inside these greenhouses. They are all running 100% off grid with solar and battery power. + +I posted my numbers for this mining operation in the desert a few hours ago but it was downvoted into obscurity. Here is the link if anyone is interested: + +https://www.reddit.com/r/Bitcoin/comments/6kiifr/another_update_on_my_solar_powered_farm_and/ + +Anyhow, I kinda think that this sub is controlled by miners. I want to test this out to see if it might be true. Cuz...maybe I am just being weird and got it wrong. For the record, I am often wrong. + +So here it goes...I have documented my mining operation over the last year here on Reddit. I detailed my idea from when it was just an idea all the way to today, where I have a fully functional and profitable bitcoin mining operation in the middle of the desert....not connected to the grid at all. I am about to go all-in and buy 1,000 miners for the September shipment of new S9's. + +Here are the numbers for mining, for those of you who are interested. You will need 6 kw of solar panels. And you will need 15 deep cycle lead-acid batteries (24V/200 amp hours each). And a power control system. I buy the batteries from China for $180 each. I pay $0.45 per watt for solar panels. Total cost for the off grid solution for ONE miner is $6800. It costs so little because I found the suppliers on AliBaba and negotiated my pricing. I am happy to share the suppliers with anyone who is interested (no one will be interested). + +Cost for one S9 is $1225 landed on your door in the US. Total cost for the off grid mining solution is $8,000. I make .007 btc per day from each miner. This is about $18 per day at the current price. I make about $300 profit on each miner by reselling it (used). I can buy and sell these miners EVERY time there is a production run from Bitmain. I get in early and secure my order. Then I slowly sell them until the next batch is close to shipping. + +I am pretty sure that there are LOTS of miners doing this and they don't want anyone else doing it. They are afraid of flooding the resell market. And they are afraid of increasing demand for miners. And I am pretty sure those people are now running this sub. But again, maybe I am wrong. We'll see... + +Basically, I feel that there is a real effort to dissuade people from mining so that miners can continue to do this. + +I purchase in advance from Bitmain and secure the lower pricing. I buy 100 miners and I run 25 of them. I then begin to resell the remainder of my miners. There is such a long gap between shipments from Bitmain that the price just keeps going up and I profit on the resell of these machines. Meanwhile, I am using them to mine until they sell. + +By reselling the miners I am making sure I am current with the fastest miners. I also profit from buying 100 miners early in the cycle to resell. + +I have NO idea why this happens, but every time I post about mining and talk about how I have found what I believe to be an awesome idea for small to medium sized miners, I am down voted and called a liar and con man by a lot of people here. + +So, I am testing my hypothesis. I think that one of three things will happen to this post: (1) it is down voted to obscurity (2) I am relentlessly called out for being a liar and con man (3) no one cares. + +For the record, this should be a post that is read by many people here. I am not trying to say that it is the most amazing thing that someone will read here. But, this is exactly the type of post that should have people discussing in a bitcoin forum. + +Anyhow, for those who are interested, this info is not a FAKE POSTING. The numbers are real. I am highly profitable. I wish others would do the exact same thing. I want everyone to be mining. +It has come to my attention that some people think SHIB coins cannot reach a USD valuation of $1.00, but let me assure you that this is *simply not true!* + +A recent post explained that, for SHIB to reach $1.00, it would require a market cap of 558 *trillion* USD, about 500x the market cap of BTC. By comparison, as of 2021 the total wealth on earth is [431 trillion](https://www.forbes.com/sites/oliverwilliams1/2021/06/10/worlds-wealth-hits-half-a-quadrillion-dollars/?sh=2cf9123b309d) USD. + +However, a 558 trillion USD market cap does not require 558 trillion USD worth of purchases. A [recent study](https://coinmarketcap.com/alexandria/article/revealed-how-much-money-it-takes-to-move-bitcoins-price-by-1) by Bank of America found that 100 million USD could move BTC's trillion-dollar market cap by 1% - therefore, only 10 billion USD (1% of BTC's current market cap) would be needed to double BTC's market cap. + +SHIB would only require 15 such doublings to reach a market cap over 500 trillion USD, requiring approximately 10 trillion USD in liquidity to do so. So, all we need is 10 trillion dollars - a perfectly reasonable amount of cash! + +**So the question is, how do we get 10 trillion dollars?** + +No problem, let me introduce you to my friend, [1998-KU2](https://www.asterank.com/#152679). 1998-KU2 is a 4.7km-wide asteroid mainly comprised of [nickel, iron, and cobalt](https://www.aanda.org/articles/aa/full_html/2018/03/aa32086-17/aa32086-17.html). 1998-KU2's component minerals have an estimated value of 80 trillion USD! + +[Here he is, circled in red.](https://preview.redd.it/yc2xy3tc21781.png?width=741&format=png&auto=webp&s=146247e2624d3e13e52e1ceeadb33e09430f7a0f) + +However, getting up there and mining those rare minerals won't be cheap - we'll need a rocket, mining equipment, a return vehicle, and some other seriously advanced technology. The estimated cost of all this is 70 trillion USD, leaving us with a healthy 10 trillion USD profit in cold, hard cash! + +So all we need to do is go down to our local bank, get a small loan of 70 trillion dollars, build our rocket, swing by 1998-KU2, mine some minerals, return to Earth, sell the minerals for 80 trillion USD, repay our loan, place a SHIB buy order for 10 trillion USD, **and sit back and watch SHIB go to $1.00!** + +Who'd have thought that, to go to the moon, you'd need to go to the asteroid belt first? +I’m 15 and I’ve never had a job. I want to retire early, about 35, I wanted to ask some questions. + +When and why did you become a landlord? + +How much money did you start with? + +What education did you have when you started? + +What job did you have when you started and has it changed? + +How many properties do you own and how did you afford them? - I mean was it savings from your job or from rentals etc. + +Biggest challenges you faced. + +Things you wished you knew before you started. + +And was it worth it, do you have any regrets. + + +I’m hoping your responses will help guide me as you have walked the trail and I’m just beginning. +Any further advice would be appreciated. +As the title says, post any caveats you've added due to a lesson learned the hard way or otherwise. If necessary, please let us know the state in which this agreement is made as well! +Do you think it would be a very complex models with many many inputs, + +Or do you think it would actually be quite simple, as the ultimate complexity is simplicity itself? Maybe it is so simple but with just the right variables involved, like a BLT sandwich from the world's best chef. + +I wonder +I've been serious about forex for about half a year, however I can't ever find a strategy that works, I feel like I have wasted those months studying forex, I'm 19 and my dad complained to me today that I've been practising this for a while now and I'm still not live, truth is like most smart traders, I don't want to go live unless I know I have found somthing that works, even if it's just smidges of profit it's the mental knowledge that I've progressed. Now covid has screwed me and I'm out of a job, so I'm trying to get by, by doing small jobs for cash. I understand this isn't an easy route and I am willing to to put in the effort but I guess I don't know where to put the effort in, and everything is just wasted effort. I dont seem to have a sense of direction. Atleast when building a house there are blue prints, but with forex, it's it's just, nothing solid, and on top of that it's flooded with these annoying 'buy my course' fake money grab things that you have to dodge. + +I knew this was going to be hard, but it's the lack of direction that's killing me. + +I don't know why I posted this, or what I wanted to get out of this, maybe it was just a rant? Advice? Or motivation? Typing this has made me feel a bit more collected and it has helped me a bit, somehow. + +Anyways thank you for reading, quick question before you go, how long did it take you to go live? Or progress to 'step 2' I guess. + +Thanks + +Edit:I would like to say a big thank you to everyone who replied, I spoke to my friend who's ahead of me and I have decided to focus more on learning what moves the market, I might dedicate a couple months to it, study a few strategies then make my own and fine tune it, I am really happy with some of the responses of this community, good luck to you all, not that you guys need it :) +# "They are rage, brutal without mercy. But you. You will be worse. Rip and tear, until it is done" (Doom quote). -- i think this summarises MSM vs retail pretty well. they are brutal. and you will see just how brutal i think below (speculation but please offer a counter argument). + +there is a lot of data to sift through and its still classifying as we speak. please do mark this post for youslesves because i will be adding links here and making a miniseries from what i found. + +&#x200B; + +TLDR: + +1. look at the MSM goes brr after the "sneeze" and after hediges closed- start asking yourself why-watch video for full effect = it starts tracking from november. +2. Computershares was effectively DROWNED out from january. apes knew about it but in the attack it was hidden. DRS is probably the way although none of this is financial advice. i am just going off the data. +3. There were just 1600 out of 77 MILLION posts and comments that even mentioned computershare before june 2021. many on the old sub. - we all know what happened to the sub. +4. I am building a site - [elegant-remote6667.com](https://elegant-remote6667.com/) that will hold everything - site isnt live yet but if somethign happens - that will be a repository for the dd. for sure. and the decentralised storage aint going anywhere. + +first off lets have a look at the MSM coverage for GME, eh? + +how can i do this? i have the data (below). thank you to everyone who provided the sauce in the comments - your contributions are what made it possible. + +&#x200B; + +[i think i have most posts and comments that i need now for Nov 2020 to June 2021 -thats a GZ compressed size, so its really close to 150gb in size that export...](https://preview.redd.it/1pco5ctljha81.png?width=648&format=png&auto=webp&s=1c5eaf6ed2429b10779b8f8a45f9e5da11a98a4f) + +i think i have most of the data now that i need and will actually need to start thinking about replacing one of the SSD's in the array... + +&#x200B; + +[ssds go brrrrt. he still has 70&#37; lifetime left, apparently.](https://preview.redd.it/pmpo3pfnjha81.png?width=709&format=png&auto=webp&s=61fe57be0385ab57beac444499eca233d7b0fb6d) + +# ape happy noises with data: + +&#x200B; + +[cpu goes brrrrr](https://preview.redd.it/1v1a6p0pjha81.png?width=1362&format=png&auto=webp&s=e0f100ef00a170d432a469a84eb8c4c4a9bbc571) + +&#x200B; + +[python goes bbrrr-happy ram noises.](https://preview.redd.it/lgwaw61qjha81.png?width=736&format=png&auto=webp&s=24848793e57958f30e7ad667b8f81c06a45763cf) + +# before you go on - listen to this video from 2009 (also backed up)- cokeratcramer himself- + +[https://www.reddit.com/r/Superstonk/comments/rzjkx0/coke\_rat\_explaining\_exactly\_what\_a\_short\_fund/](https://www.reddit.com/r/Superstonk/comments/rzjkx0/coke_rat_explaining_exactly_what_a_short_fund/) + +# ok screen shot time over - guess how many computershare posts and comments we had? up to june 2021? + +&#x200B; + +[all computershare posts or comments up to june 2021](https://preview.redd.it/pg41k7ftjha81.png?width=638&format=png&auto=webp&s=bac489de7fcc8eb0bf9c8a7e608ca2a1fcbc7930) + +looks good right? plenty of posts and comments? + +# all non computershare convo up to june 2021... 77 million posts and comments.- this is across all subs not just superstonk. we type "this is the way a lot but not that much". + +# so the ratio of computershare vs non compuetershare conversation is basically zero. 0.002077922% - fuck. they hid it well by spamming older subs before the s.sub and g.subs. fuck me. but i think the wrinkle brained found it in the end. + +# Computershare was known to apes in early january 2021, and i quote + +# "that is a myth - the only way to prevent share lending that i konw of is direct registration through computershare or physical certificate issue"- from a w333s333b333 ape. January 2021. You all remember what happened in january and February. + +# Part 2- msm fud. + +I collected a fair bit of data in the last year and now approaching a almost complete set of data to be able to do this. + +I am confident i have 100% coverage up to june 2021 now and have about 98% coverage for the rest of the year. + +# SO how does it look like? like this: + +[look at the sheer number of articles in january - those are UNIQUE. -yes -thats \~600 articles in january 2021. and it didnt die. and i am sure that still not everything as everything that wasnt posted on reddit isnt included here. ](https://reddit.com/link/rz2way/video/sgwbcvp2kha81/player) + +&#x200B; + +[And this is how it looks like properly, by month, from november to June. PRetty brutal right? December 15th and all of december while it was rising no one was batting an eye while it doubled. look what happened once they realised they are fukk?](https://preview.redd.it/l2dtmlx6kha81.png?width=1960&format=png&auto=webp&s=c6b65f404932b27bad7c748e775a933502a7acfd) + +UPDATE: + +and this is what it looks like with a full years of data: + +&#x200B; + +[full year of data](https://preview.redd.it/n3ncwhdi28b81.png?width=1317&format=png&auto=webp&s=e06b69c7a21b56e18b8866a1f63cea65d5e6a832) + +full year of data split by domain: [https://transfer.sh/WAszdw/output\_dates.xlsx](https://transfer.sh/WAszdw/output_dates.xlsx) + +A few very vocal people have mentioend -well of course it went up- why dont we look at another tech giant like i dont know meeecreesoft? + +&#x200B; + +[micro - s0ft \(dont know if this word is autoban or not\): 81 results in 6 months, same time period.](https://preview.redd.it/ntjnmrsl8ja81.png?width=1294&format=png&auto=webp&s=bb12208a90ed445a812cad82d73ee4c75a7e68dc) + +What about teh graphics card manufacturer? + +&#x200B; + +[NV\_ID\_IA \(again no idea if automod will ban it - 14 articles in databsse\) - this is the entire database. I will need to repull the last 5 years to see a good comparison for all these and it will take a while.](https://preview.redd.it/xcrnidtx8ja81.png?width=1338&format=png&auto=webp&s=b011ac4bba486535b75066cb7a3d851425ee74b7) + +Or what about k\_0\_SS? + +&#x200B; + +[clearly this isnt all the articles across absolutely every single subreddit- i did the top 3 non gme chats in 30 seconds rather than 6 hours. But i will repull the last 5 years of data and see what the true differences are.](https://preview.redd.it/u7368oqa9ja81.png?width=1327&format=png&auto=webp&s=5ff743d46be13c5044ea8d0354cdc920e475916e) + +HOw does this compare with other tickers I wonder? - I will find out.- currently above + +This post will now serve as the back up of ALL the DD. + +I will be updating it with links below as I go to gain access to the decentralised archive. + +# Data will live here once the rest is classified.- this will be the main post where i will post any new posts and updates so please sticky this one if you wanna follow me - -i will keep posting, i as an individual investor have drsd and i am fucking pissed at the last 72 hours of yahoo going out of their way to spread fud. - i will process the other 7 months of data in the coming days + +temp news link: [https://transfer.sh/sKR6Kw/msmlinks\_nov2020\_june\_2021.csv](https://transfer.sh/sKR6Kw/msmlinks_nov2020_june_2021.csv) + +notes for me for now: + +will update in full: + +* methodology +* how to dl data (all posts, links to msm articles, everything) +* any other points that come from comments. + +Ape Historian. +Imagine a swimming pool filled to the brim with water. You start taking cupfuls of water out. At first, and for quite some time, there’s no noticeable difference. And even when you do see a difference you could still go swimming in there, it remains a functional pool. But with enough scoops you’ll reach the concrete at the bottom. + +It’s the same deal with the massive long positions the shorts have. They’ve been able to recur to them for months, selling off small percentages as they go. Obviously the Fed has given them a huge assist by propping up markets, creating the massive bull run we’ve been on since the start of Covid and thus giving them much more bang for their buck. + +But we all know, whether our portfolios are small or massive, that you can’t keep liquidating portions of positions forever. + +They don’t have infinite money, it just seems that way sometimes because we don’t get to see the swimming pool, we only have the peripheral information of certain stocks and crypto going down huge over the last few weeks. + +And if somebody wants to come in and bail them out the same thing will happen to all of their money and positions thats happening to those short GME now. +So here goes. I really want to open a food truck. Ive been doing heaps of research and ive sort of worked out the numbers. To get a full fitted truck or tailer i will need a minimum of $50k. After that i will need atleast 6 months of running costs covered in case sales arent what i expect. Thats probably $100k give or take. Thats a guesstimate. I dont have this kind of money nor do i want to get a bank loan because i just finished paying of $25k worth of credit card debt and i never want to do that again. I was thinking of joining a government job as a police officer to earn a good stable living while saving up for the trailer. Im 28 next week and my best friend reckons i should take the loan and get started now because if i go down the stable government job path in 5 years i will be too comfortable to take a risk or be in a position where taking a risk isnt an option like having a wife and kids etc.. (im single af right now lol). + +I just fear that i will take out the loan and the business wont work leaving me in a mountain of debt. + +What should i do? Any advice regarding food trucks and finance or even working as a police officer would be much appreciated. + +I live in Sydney. + **What is Happening?** + +Activist investor Dan Loeb is urging Disney to permanently suspend its dividend and use the funds to fuel growth at its streaming service, Disney+. Disney stock traded up 1.64% Wednesday. Loeb's Third Point owns less than 1% of Disney.  + +*Activist investors acquire stakes in companies with the intent to bring operational change. Warren Buffett started out as an activist investor.*  + +**Why does this Matter?** + +Disney's stock is down 16% for the year as amusement parks are still slow to reopen due to restrictions. Also, last week Disney announced that it was laying off 28,000 workers, wiping out about a quarter of its U.S. theme-park workforce.  + + +Right now the company's only bright spot is Disney+. It attracted more than 60 million subscribers and even won praise from the likes of Netflix CEO Reed Hastings.  + + +Loeb would like to use the $3 billion Disney dividend to double Disney+'s budget for original content, bring in additional subscribers, lower churn, and boost pricing power. He would also like to see Disney combine Disney+, ESPN+, Hulu, and Star into one powerhouse streaming service. That way Disney could increase pricing and start releasing all movies on the platform, cutting out movie theaters completely.  + + +**The Takeaway:** +Initially, it might seem scary to take away that 1.43% dividend yield from shareholders; however, Loeb is not completely crazy. Dividends are just one way a company can choose to "allocate capital/profits". As Loeb correctly points out, times are changing in the entertainment sector and Disney should capitalize on that by redirecting dividends to this high growth project. In the long-run, such a capital allocation decision might just reward shareholders a lot more than the 1.46% dividend.  +I’ve been reading about the Zillow sell-off, but I’m looking in areas where Zillow owns numerous listings and not seeing significant price cuts, sales at rumored losses. Any ideas? +Keep in mind this is for a real estate INVESTMENT, not for a home. + + +Option 1: Buy a house cash, worth $250k. + +Option 2: Buy 5 houses worth $250k, with 5 mortgages + +Option 3: Buy a house worth $1,250,000 with a mortgage. + + +Please explain your reasoning. +I don’t mean this to sound harsh, but I feel like they don’t put in any real effort (this is my third realtor). Each time I have met them, described what I’m looking to do and property types, and what I get in return is just a computer generated “portal” email, but I can do the same by going on realtor.com.... What am I doing wrong, or am I expecting too much? + +Edit: spelling +Little by little I've added GME to my portfolio over the past year. Day after day I check in and watch the price go up and down up and down. I've told my friends, co-workers, family, and my girlfriend that this is the way, that the MOASS is coming. I have gotten used to the eye rolls and the FUD. I came into a little extra money, held it for a couple of weeks, and this morning I said to myself, yeah, why not? + +I just hit 101 shares. I needed to tell someone who would listen. Thank you for that. + +Bring the tendies. +How do you buy a rental property through a LLC. Like what is the process? how is it different from buy a property in your name? When ever I google this I get clickbait articles and paid courses. With no actual advice on how to buy the property. like a step by step guide to buying real estate tough a LLC? + +So could someone explain the process. Eli5 style. Thanks +This is a cautionary tale. I decided to focus almost exclusively on selling options during 2020 to see how it went. I’d say it was a worthwhile experiment, but for many reasons it showed me that active trading like this is a poor use of time and resources. + +___ + +UPDATE Dec 22: currently at $280k in my account, mostly from selling CSP on ABNB at the right times and riding volatility and volume on it. So that gets me closer to $150k in gains for the year, with about $32k in total commissions and fees, so net ~$120k. + +I also forgot to mention that I took a $37k @ 0% interest cash advance on a credit card to juice my buying power, so that means my ROI is even sweeter, at around $120k on $210k, or 57%. Not so bad after all. + + +—— + +Canuck here, so no RH equivalent for free trades. + +I use questrade and have been meaning to switch to interactive brokers for months, but kept telling myself “I can’t take a break for even a week, I’ll miss out”. + +Well after looking more carefully at my October statement, I’m mad at myself and ready to miss out for a week while things get transferred over. + +My gains would have been far more impressive but I fomo’d into a pltr trade 2 weeks ago and lost $24k (I ask for neither pity nor scorn), and I’ve had a few massive losers since July, missing any one of which would have had my account an extra $100k higher. + +___ + +Edit to add account value for context: + +I started the year with about $95k in the account and deposited about $150k over the year, for $245k in contributions (the majority of that was added in June/July after big losses). + +I’ve withdrawn $80k, paid $30k in fees, and have $210k in the account as of today. +So that’s around $75k of gains before fees. + +Fees (as of November) were 40% of gains. That’s appalling. +Return before fees of 30% is pretty good, but net of fees is barely more than 18%. Also kind of appalling, considering all of the work and stress. + +Had I just held my goddamn tech leaps I’d be up 200-400% for the year, easily. +I’d say that pursuing theta and wheeling was a mistake for me. + +If even just one of the massive losses I took hadn’t happened (between $60k-115k each on zs, MSFT, dkng, pltr) then things turn around significantly and maybe it would have been worthwhile. +I’ve got 100% of my portfolio I don’t want to sell but I want to just transfer to a cash account and hold it there. If I do that, can I invest into my tfsa as if I haven’t contributed ? Currently my TFSA is contributed to the max. +I can't be the only one here told this can never work. That the hedgies, the banks, the DTCC and the FED are too powerful to take on. That nothing can change no matter how hard you try. That I am simply crazy. + +Well ignoring the fact that a defeatist mentality like that is how the powers that be try to keep control of the people , I don't actually have a rebuttal for the "you're crazy" part. And like I just said, it's actually why I believe MOASS will come to fruition. + +Now the next little bit is unrelated to GME but bear with me, it is in my opinion an interesting story. + +You see back in the early 1970s a man named Chung Ju Yung was told the exact same thing by all of his critics and many of his close circle. You're crazy, delusional, insane, out of touch etc. His dream? Creating a ship building company, with no experience (never worked a day in the shipbuilding industry), no shipyard, no capital and no purchase orders (obviously not) to speak of. Now I can't exactly blame his critics, this sounds fucking insane, and even knowing how the story went as I am typing this, I am shaking my head laughing. Anyways.... + +So what did the 'delusional' Chung set out to do? Well go to the bank to get a loan of course. He needs money. So off he went to the bank to get a loan for his 'business' plan. + +The conversation went something like this. + +Bank: "Good morning sir, how can we help you?" + +Chung: "Morning, I would like to get a business loan." + +Bank: "Yes of course. What kind of business?" + +Chung: "Shipbuilding." + +Bank: "Interesting, whereabouts is your shipyard located?" + +Chung: "I don't have one, it's why I am here, I need money to build one." + +Bank: "... okay... How much experience do you have working in the shipbuilding industry?" + +Chung: "None." + +Bank: "... Do you have any starting capital?" + +Chung: "Nope, it's why I am here." + +Bank: "So you have no shipyard, experience, capital and you want a loan? How do you expect to pay it back?" + +Chung: "Trust me bro, I got this." + +Now at this point you are probably thinking the bank shouted him out of the room and tried to check Chung into a mental ward. But actually, here is how the rest of the conversation went. + +Bank: "Okay you are clearly... ambitious. Well here's my last question. Do you have any purchase orders?" + +Chung: "Nope." + +Bank: "Well okay Mr. Chung, you're really delus- I mean interesting in a very special way, so I will tell you what. Get a purchase order and bring it to us and we just might lend you the money. We need to see if someone is willing to... pay for ships you have not yet built, in your non existent shipyard, with your complete lack of experience..." + +Chung: "I see that is a reasonable request. Okay I will bring you the PO. Thanks for your time." + +So the 'delusional' Chung was like okay I just need to find someone willing to give me a PO. No problem. So he set out and started asking around. And obviously had many doors slammed in his face. But then he met someone even MORE 'delusional'. His name was George Livanos. A major Greek shipping magnate, and believe it or not he got a purchase order from him for two 260,000 DWT crude oil tankers. + +So good ol' Chung went back to the bank and said, "Here's your PO." + +And the bank.. lent him the money. So Chung hired the people he needed and bought all the equipment and materials he needed and in March 1972, started to build the two ships AND the shipyard AT THE SAME TIME. Two years later, in 1974, a ceremony was held, to name not only the ships but the goddamn shipyard as well. + +Today that shipbuilding company is THE LARGEST in the world. What's it called you might ask? Hyundai Heavy Industries. Does the name sound familiar? Yeah that's right Hyundai Motor Company was also founded by Chung. + +Now imagine what would have happened if Chung listened to his critics... What if he 'realized' he was delusional and gave up? This is just one example of countless where success has found the 'delusional'. I guess the saying fortune favours the bold is more polite way of putting it? + +The fact is, I am 'delusional' enough to believe in MOASS. And judging by all the buying, holding DRSing and engagement in this community I know I am not alone. I mean, I don't want to live my life, just "being rational" and "playing by the rules". If by some chance I am wrong? So what? My life won't change. I have nothing to lose. Yeah lots of shills, the MSM, Wall Street and the government will say YOU ARE DELUSIONAL. So what? Since when did you care about me? Oh wait, maybe its because they have more to lose than I do? + +Nothing significant is ever gained by being 'rational'. You have to be fucking delusional. And yeah I can't wait until I can look back on my 'delusions' counting my post MOASS tendies. + +yada yada not financial advice. +Shit has hit the fan and two cases are reported and market has reacted as expected. How are you planning to deal with this? + +Luckily, I had sold major portion of my equity portfolio (overall booked loss) this morning as I felt morning's run up felt like a dead cat bounce. Bought some way otm puts as well to get through the carnage. Thinking of deploying into solid names when there is good correction. My picks are nestle, hul, alkem, Chola, Bajaj finance and hdfc bank. The theme is to have lesser impact due to the current situation. + +In the short term I think the hospital stocks and pharma companies with lesser exposure to foreign markets may do well. How are you planning to approach investing during this time? + +God save us and hope it doesn't spread like other countries. +I suppose to clarify my question I am referring to the change in culture of investing in individual companies, to investing in a broad market ETF. I somehow feel that the ETF isn't really explained properly to people, they think they own the whole market, as a proxy for the economy, and that it's a relatively guaranteed safe investment. + +I'm just wondering if the risk of holding individual shares has been overly emphasised and the risks of ETFs have been understated, in the interest of not confusing people with stock market "jargon" :) +I have been investing for over 2 years now, mainly ETFs and Funds; however, after building more confidence in my theory and strategies, I decided to also include stocks at the beginning of 2020. + +I currently hold 8 stocks, one of which is in ARGO BLOCKCHAIN PLC (ARB:LSE). I've got in for 1k at around 5.6p and I've been averaging up as the fundamentals/share price improve. As of writing, they are up 46% (55p) and I have managed to make unrealised gains of > 10k (in profit). + +**Quick DD:** + +They are a cryptocurrency miner, with infrastructure in Quebec, Canada, and have 18k mining machines. ARB is the most efficient miner on the market!!! And by far the smallest market valuation!! They had a massive spike today as Reuters reported: "Mining revenue in Dec amounted to £1.63 million \[....\] with an average monthly mining margin of 60%". They also state that the company's equipment leasing agreement is set to deliver and is expected to be fully operational by February 2021 and add 430 petahash. + +\[link:\]( [. (refinitiv.com)](http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210105:nBw67fXLma&default-theme=true)). + +Ownership - 32M is owned by Investment Managers and Funds. This trend has increased in 2020 from 2019. + +Some may be asking: "Oh, it had a massive run-up today, can I still get in?" My personal opinion is yes. To forecast future profitability, one needs to consider various bitcoin prices, mining difficulty, mining capacity and etc. To start, let us look at how its peers (the major players in the US and Canada) are valued as they are doing exactly the same thing but are much more mainstream and widely held by investors. When you do that you realise how insanely undervalued ARB is and how much there is to catch up now even without an increase in bitcoin price. For example, look at ARB compared to marathon in the US. ARB currently has 3x the hash rate (which is the mining capacity, i.e. how powerful it is at mining bitcoins) yet Marathon is nearly $1bn market cap, and ARB is a tiny $60m market cap. + +ARB mined bitcoin in November at 57% operating margin, some of the US peers are mining at negative margins. As you can see above, they forecasted to increase this margin further. + +Despite making good money on ARB I continuing to hold (and buy more each month) until either mining margins and mining capacity are in line with its peers or if the fundamentals negatively change. + +Just to finish, I am not advising anyone to buy this stock. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long on. +So I grew up on Rice and Beans (and tortillas - Mexican parents and hella poor). + +I know that everyone on this sub recommends rice and beans all the time, so I thought I’d offer some ways to jazz the flavor for pennies, and make your life easier for cheap and save time too. Maybe common sense for some, but others may not know it. + + +Rice: + +Get a rice cooker! Make your life easy! Walmart sells $5-$10 ones that last for years. They are small, and you don’t even need a kitchen, just an outlet to make rice and other foods in it. You don’t need the fancy Asian ones that can turn into terminators. My little $8 one Lasted me through college and years beyond. The optimal rice to water ratio is for every cup of rice, 1.5 cups of water. Perfect rice in rice cooker every time. + +Flavor: +Add salt! +Add some garlic powder! +Add some kind of oil/fat! (Helps with the texture too) Butter for extra tastiness. + +Sometimes a dash of bouillon powder adds a Little flavor kick a la spanish rice. + +Don’t be afraid to throw cheap frozen or canned veggies (sometimes proteins) in for a quick and super easy way to cram your veggies in. (They will steam cook with no extra effort on your part just add a tiny dash more of water). + +Do the above for easy and better than plain rice! + +If you want to go a little asian flair, if you can get your hands on some Furikake (flavoring) powder of some kind, or even some cheap seaweed from the Asian supermarket, wrap your plain rice in it for a dash of cheap cheap flavor to help satisfy the hunger. + +———— + +Beans! + +While I am partial to black beans myself, white beans, kidney beans, even lentils could all benefit from the following. + +A la rice cooker, invest in those cheap and small slow cookers that Walmart sells around the holidays for $10, or find one at a thrift shop. Beans are just easier that way. Or a pressure cooker, or whatever works to save you the extra labor. + +Flavor: + +Take as much (metric fuck ton) onion as you can. Chop it up into bits. Then take a frying pan, or if you decided to just make it in a soup pot, into the soup pot with some oil (or lard if you want a nice kick of flavor). Grill up 3/4 of those those onions and then add the water and beans into your pot, or the grilled onions into the pressure/slow cooker. Add salt, and either fried or powder garlic to taste. If you want a wee kick feel free to add some crushed heat pepper of some kind (use those packets in your drawers people). Let those babies simmer simmer simmer! + +(For my friends who do eat pork, don’t be afraid to throw in the cheapest cuts of pork you can find - tails, knuckles, feet, bones etc. the meat will cook beautifully and the beans will soak up the flavor wonderfully - if you don’t eat pork, or can’t afford it... skip this) + +(If you have a can of tomato, feel free to add that in for a nice flavor profile change towards a chili - But not necessary) + +About 5 min before the beans are done, add the last bit of your onions and let it cook in for the last dash of flavor. + +Enjoy. Drink up the broth (especially if made with bones). Serve the broth over your rice. If you’ve got leftover beans, mash them up and fry them. + +Spread the beans on toast like hummus and sprinkle with cheese if you have it. Toasted this is the best (mollete) + +If you’ve got tortillas refried bean tacos. + +Good beans are delicious on any carb at hand. And the proteins keep you full. + +——- + + +I know there are lots of ways to spice this up further, but honestly onions, garlic and salt, and some kind of fat/oil are enough pantry staples to make even the simplest ingredient taste like a feast to a hungry belly. + +If you then have a little Siracha or hoard other flavor packets or fresh tomato or whatever even better. But sometimes you don’t, and you make do with the simple. + +I hope this helped at least one person to avoid bland rice and beans. + +I grew up eating rice and beans pretty much every single day for years and years and years, and never got sick of them. + +Tweak with what you’ve got too + +Edit: I kept it pretty simple and generic because sometimes some people can’t/don’t have access to a large pantry of spices. But def creep the comments for more tasty ideas :) + [McDonald's worker turned property mogul buys fortieth home (msn.com)](https://www.msn.com/en-au/news/australia/mcdonald-s-worker-turned-property-mogul-buys-fortieth-home/ar-AAS2qZG?ocid=msedgntp) + +More inane articles about property investment. +How are these investments actually sustainable? From my understanding he would have to be MASSIVELY leveraged in order to afford the mortgage repayments. +How do I make my estate, will, access to my bank accounts, and transfer of real property easy for them? I have heard a lot of nightmare stories about this and I don’t want to have that happen to them. +[https://www.reuters.com/technology/exclusive-meta-girds-fierce-headwinds-slower-growth-second-half-memo-2022-06-30/](https://www.reuters.com/technology/exclusive-meta-girds-fierce-headwinds-slower-growth-second-half-memo-2022-06-30/) + + June 30 (Reuters) - Facebook-owner Meta Platforms Inc [**(META.O)**](https://www.reuters.com/companies/META.O) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. + +"If I had to bet, I'd say that this might be one of the worst downturns that we've seen in recent history," Zuckerberg told workers in a weekly employee Q&A session, audio of which was heard by Reuters. +Hey guys I’m currently in the Saint Louis market and am trying to buy my first multi family home. I’m pre-approved for up to $300k and have 20ishk in the bank. I’m trying to buy with 3.5% down on an FHA loan. But the issue is I just can’t beat these investment company’s paying cash for these houses. The last house I got out bid on was today, I offer 25k over asking price and got beat by an offer 60k higher than mine. Should I just invest in something else till the market cools? Should I keep trying? Any unconventional tactics anyone uses to help? Any advice would be appreciated. + +EDIT: found a duplex paid 12k under asking. Patience is key. +This is FUD. It’s a Ponzi scheme who has $300 bn in debt and they are doing a back door deal to calm the market so they can live another day. + +Too many times I’ve see wall St, say “it’s fine the Fed is printing money”. Stick to your conviction and beliefs. + +Evergrande is just a matter of time before it collapses. The end. +I’m not going to explain exactly how I got in this deep of a hole because that’s a looooooong story, but I just got out of 15K worth of debt. I had to call my bank with a payment solution years ago (around 3 years ago), that I was sometimes able to pay, sometimes not really, and my parents helped me out a little (a lot) as well. I know that’s not a solution for everyone, I did a lot of the work myself but ended up needing a little bit of help that got me out of this hole faster than I would have by about a year. I’m extremely grateful and know how privileged I was that my parents helped me pay the last of it off, as it’s a huge weight off my shoulders. I didn’t ask for it, they offered when I talked to them about my debt – told me they had planned on helping me out for an eventual down payment for a property, so it was just ahead of the time and to help me gain financial health, which will help me a lot in the long run. + +Anyway, I have now been debt free for close to two months. And honestly, I feel like I can breathe again. I've never been so stress-free. + +Now, I know two months is not a long time, but here’s what I’ve learned so far from my mistakes, from my learnings, and from things that I see on this subreddit from your posts that I also did in the past. FYI, I'm 29, single, no kids, so that's not necessarily applicable for everyone, but some things might be : + +&#x200B; + +* If you think you’re getting out of debt without a proper budget, without putting in your purchases each day – you’re delusional, just like I was. You NEED a budget to plan your finances, and the fact that you don’t have one is probably why you’re in this mess right now. Stick to it. It’s not a fun exercise, but it’s worth it. It took me until a few months ago to get one done, and omg it’s been a huge help. I don’t know how I would have done it without it. This budget will also help you in seeing WHERE you spend too much – and is everything useful? This opens your eyes to things. +* DO NOT SPEND MONEY YOU DON’T HAVE. You’re not going to have that money in a week, or next month, if you already have debt. If it’s not in your bank account, it shouldn’t go on your credit card. If you’re paying a credit card debt, STOP USING THAT CARD/CUT IT and use your checking account instead. That was my biggest mistake. I would constantly buy things with money I didn’t yet have. You CAN wait for it, and the best part is, in the time you get that money, you might realize you don’t actually need what you wanted to buy in the first place. +* STOP MAKING EXCUSES when you mess up. I know it's rough. I've been there. You don't have an excuse. I didn't either. Just take the steps to make it better, starting now. +* What you’re paying now monthly for settlement? Once you’re done with that settlement, PUT IT IN SAVINGS. It won’t change the way you spend money, but you’ll get to keep that money for a big project (a house, travels, a new car, etc). Anyway, you should already be used to putting away that money, so it won’t really make a difference to you, except your bank account will look much sexier with money in savings. +* Eat out as little as possible. COOK. I hate cooking. Like, hate it with a passion. But the difference this makes in a budget is INSANE. Plan your lunches. If you know you’re going to have a busy week, plan on buying cheap prepared meals just so you don’t pull the trigger – not ideal, but better spend 3$ on a shit frozen meal than 18$ on take-out, especially when it costs 4$ in delivery fee every time you order. +* Start saying no. Your friends are planning a trip, invite you, but it doesn’t quite fit in your budget, but you have fear of missing out? They’ll still be your friends after if you don’t go, don’t worry. No one can argue with “I can’t fit it in my budget currently, maybe next year” (and anyway, you shouldn’t travel during a pandemic). +* Don’t go out too much. Plan a dinner with friends at home instead of at the restaurant. Meet for drinks at the park/at home instead of the bar. +* MAKE YOURSELF ACCOUNTABLE to someone. I told my parents. Find someone to tell : your parents, your SO (who should really know about your debt anyway), a friend, whatever. Tell them – “I will need help with making a budget, and I want to show you my progress month to month. This will help me make sure I follow through my promise to get in better financial health.” I know this conversation is rough to have – I just had it. But the pride I felt when I showed my account to my parents? Indescribable. And I know they were happy to see me succeed as well. +* Once you’re done paying your debt, don’t touch your savings. They’re for your future projects. You need them. +* Once you repay your credit cards or your loans, always have at least 4 months of salary on hands. I don’t have that yet, obviously, but seeing my checking account with over 1K in it is something I’ve never had before and I’m amazed. I’m no longer scared of my car breaking down without warning. +* Sometimes it feels like it’s neverending repaying your debt and you let up for just a month, and it screws you over. DON’T GIVE UP. You can do it. + +I think that’s it. That's what helped me, and if it can help someone else... It was rough but I wish I had read that before I started this whole process. +# + +# What the hell have I done…. + +Originally I started talking about behaviorism. + +Then some cool kids helped me find a thread about Kenny G and I saw where he had himself some planes. + +This got me thinking and I went on this lovely rabbit hole venture and found all the weird shit but the White Rabbit. + +&#x200B; + +[Yah, thas me hiding behind the mushroom of truth I just devoured the last 24 hours](https://preview.redd.it/c0g0touh05771.png?width=500&format=png&auto=webp&s=bfb21cf22f2698d7f76632083805c5acdee76ccf) + +# [IF YOU HAVEN’T READ THIS YET PLEASE READ THIS FIRST. ](https://www.reddit.com/r/Superstonk/comments/o5w43o/need_more_wrinkly_brains_gone_down_an_aviation/) + +A cheshire cat that wishes to remain anonymous sent me some effing insane info. I still have alot of shizz to break down regarding some airline stuff….but I couldn’t not first address the insanity and possibly parallel universe I stumbled into. Please take time because dude I felt like Alice. Shit leads to some weird shit leads to some even weirder shit. + +There is a YUUUUUUGE chance that I jumped quickly to something without digging in deep enough into one area. Probably because right when I found one weird ass thing it led me to another weird ass thing so I couldn’t fully break down what I’d just found. + +My friends a cool Apian helped me find a plane. Not just any plane. But le’ plane: + +KP Holdings + +Reg.:N302AK + +United States + +DB flags:none + +Type:GLEX + +2012 Bombardier BD700 Global 6000 + +KP HOLDINGS LLC + +&#x200B; + +Who gives a damn? + +I do. You do. + +Behaviorally I want to escape from a financial market and economic market where people prey on the main population and reap earnings. Short term I want your fucking attention because shits gonna get insane. + +[KP Holdings](https://opencorporates.com/companies/us_or/12693594) is the owner of N302AK. Which is a 2012 Bombardier BD700 Global 6000. Sound familiar? Apparently KG’s plane. Look who is a member of this company? Ken in the flesh. + +Lookie [here](https://opencorporates.com/companies?q=kp+aviation&utf8=%E2%9C%93). There are MANY KP Holdings. That being said many of them are just straight up “[principal place of business”](http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.do_name_srch?p_name=&p_regist_nbr=12693594&p_srch=PHASE1&p_print=FALSE&p_entity_status=ACTINA). SO technically not different businesses. Look at the picture below. Type of business? Anything not prohibited by law. Shaaayyyydeeeeee as fuck. + +&#x200B; + +[Slick fuckers](https://preview.redd.it/29auj4b815771.png?width=1916&format=png&auto=webp&s=80974e777ffa7d6439abb618d17540d4c7b40693) + +Soooo many KP Holdings..not saying they’re all the same….but interesting how little information each of them have and low and behold the one Ken as a member on says the only business is anything not illegal. WHat the fack. Guess what's really crazy? If you dig into many of them....guess who is the primary place of business? Shitttttadel. [ ](https://www.inc.com/profile/kp-aviation-holdings) + +&#x200B; + +https://preview.redd.it/n5c3ctab55771.png?width=225&format=png&auto=webp&s=3d5b44c8129f17d08e61fa72d507e3aa3160a225 + +Know what’s interesting? + +There was a photo of Ken Griffin and I noticed in the background that there was this little award thing. + +&#x200B; + +[just behind his arm](https://preview.redd.it/2m6i891f55771.png?width=1920&format=png&auto=webp&s=1198aac4cff4704d9656f66458eb8c220733e3cb) + +Now when I looked at the photo I thought it said something like 2009. Interestingly enough look who is the Risk lifetime achievement award winner for this year? 2021 Goes to [Ken Griffin](https://www.riskawards.com/winners).Lol risky business for SUUUUUURE! Looking through previous years that are listed on the site it looks as though Shitadel always gets some kind of award. + +This is funny...actually not...because it’s like the award ceremony of the devil lol. Who was the best demon this year!? Kenny G. + +&#x200B; + +&#x200B; + +https://preview.redd.it/brstia2p55771.png?width=572&format=png&auto=webp&s=2d40e8ac392f238554ce4a9d1d4cdf1e8acf135d + +# Lockheed Martin. + +[Recently MSM tried to boop up LMT shares](https://www.archyde.com/a-new-gamestop-lockheed-martin-seen-in-reddit-investor-spotlight-because-of-ufos/) by saying we were converting. ? Well last year at June Citadel was big into these guys. Still seems like a vague connection...but hang loose. + +# Air and Space Museum Donation + +Back a couple months ago I posted something about [Ken donating money to the National Air and Space Museum in D.C](https://www.reddit.com/r/Superstonk/comments/nk2cs4/omg_does_anyone_else_find_the_irony_in_this/). thinking how fucking ironic it was. \*pissed me off on a personal level because as a military kid living in DC we would go there and they had this really cool upside down spinney thing you could get in so I loved the shit out of going there\*. + +Interestingly Lockheed Martin has an Imax there named after it ( I mean well duh it’s the Air and Space Museum)...but given the relation between Lockheed Martin, Citadel, National Air and Space Museum, and Kenny G...There seems to be fuckery afoot. + +Well damn back then I thought it was ironic because you know we go to da moon. NOW I realize it’s intentional not because it’s throwing it in our face about the moon landing, but it’s throwing in our face that they are utilizing the aviation industry to hide their effing money!!!!!!! + +Someone had mentioned him being a sociopath...dude this reminds me of all those psychopaths taught about where they leave hints behind because on some level they want to be found. + +How do I know they’re hiding their money within the aviation industry? + +Let us revisit Ryan McKenna, shall we? (see other post first dingus) + +https://preview.redd.it/r60ybfip25771.png?width=1324&format=png&auto=webp&s=e368e32002e6c14bcd809355c4ba61d6639c4da4 + +By looking at the FULL job description we can get a better image. Ryan formed and raised capital at Blackbird Capital 1 and Blackbird Capital 2 which were private equity platforms WITH BLINDPOOLS OF CAPITAL that acquired and managed aircraft. + +(Very likely named after the [Blackbird aircraft](https://airandspace.si.edu/collection-objects/lockheed-sr-71-blackbird/nasm_A19920072000). This aircraft was basically way ahead of it’s time and was utilized within the USAF for 25 years. On it’s last flight the son of a bitch flew from LA to DC in an effing hour. Interestingly after they landed at Dulles on the final flight….they turned the plane over to none other than the Smithsonian. Do remember that The National Air and Space Museum is actually a portion within the Smithsonian Institute. We know Kenny likes names. The naming of Blackbird would truly be poetic. The dickass.) + +Blackbird spun them off into Thunderbolt Aircraft (notice how all of these are named as if they are aviation companies….similar to those other weird aviation named companies I’ve listed prior?!). Thunderbolt Aircraft is an equity platform.^(ahem) *makes me think of the platform Shitadel uses as a MM*….for...get this….**Aircraft Asset Backed Securities.** \[Think Mortgage Backed Securities. Think Commercial Mortgage Backed Securities\]. + +Ryan’s job description (bad boi McKenna...not our good boi Cohen) goes on to state that he would structure bank debt and **warehouse facilities** and engaged with credit rating agencies. He led investor relations with equity and debt holders. + +Now remember how in my other post I was trying to tie down Griffin Assets to Kenny G. I mean Griffin has a spin off in Palm Beach where he has real estate. Plus it has a location right beside citadel. AND it has an aviation assets management. Well Ryan McKenna whose been running shit at Griffin Global Asset Management used to work for Air Lease doing the dark pool trading. After looking into Air Lease….They are [owned ](https://littlesis.org/org/141450-Air_Lease_Corporation)in part by Wilbur Ross. This is a dude listed in the effing Paradise Papers. + +Wilbur Ross is on the [Capital Committee of Markets Regulation](https://littlesis.org/org/45367-Committee_on_Capital_Markets_Regulation) with….who other than Ken Fucking Griffin himself. + +&#x200B; + +[Why dis blur out uc? fucking is an ok word. If after reading this your head didn't get huge and hands get tiny you need to read again. ](https://preview.redd.it/2wmo61w935771.png?width=474&format=png&auto=webp&s=f5e3708a81f59ea5392ae6c371410dd2a1b58b69) + +Now….yesterday in my post scouring for dots being connected I found that weird warehouse article right? + +Remember a warehouse for aviation was bought? + +[Articles](https://newsroom.aviator.aero/griffin-global-asset-management-closes-1-billion-warehouse-facility/) said who some of the banks were that joined in on the purchase: + +>“Goldman Sachs acted as the structuring agent for the Facility. Initial commitments for the facility were provided by Goldman Sachs, Barclays Bank PLC, Mizuho Americas, Morgan Stanley, Wells Fargo Bank, National Association, Bank of America, N.A. and Deutsche Bank AG, New York Branch. +> +>Hughes Hubbard & Reed LLP acted as U.S. legal advisors to Griffin and the Borrowers, Milbank LLP acted as legal advisors to the Lenders, Maples and Calder (Ireland) LLP acted as Irish legal advisors for the Borrowers, Maples and Calder (Cayman) LLP acted as Cayman Islands legal advisors for the Borrowers, A&L Goodbody LLP acted as Irish legal advisors to Griffin and PWC acted as Irish tax advisors for Griffin and the Borrowers. UMB Bank, N.A. is acting as the administrative agent and the security trustee.“ + +Who the fack acts as LegAL AdVisORS in the Cayman Islands.....???? + +Also...remember Ryan McKennas job is to what? Oh ya a portion of it is to STRUCTURE WAREHOUSE FACILITIES AND BANK DEBT + +TL;DR + +Guys….there is some weird ass shit going on with this fancy shit called Aviation Backed Securities. We knew they fucked with Mortgage Backed Securities and Commercial Mortgage Backed Securities...but now they’re utilizing Aviation Backed Securities. And someone working within the realms of another one of Griffin’s hidden companies has created blackpools for the Aviation Backed Securities. And they’ve bought an effing warehouses for planes and the restructuring of bank debt. Dude. KG has multiple other companies that he is linked to but of course doesn’t have his name on the line (except for that sweet KP Holdings listing that said he was a “member”.....weird for a company to own your effing plane if your only a “member”)..... and they are ALLLLLLL connected to aviation. + +&#x200B; + +&#x200B; + +&#x200B; + +[I'M DYING. I'M DYYYYYYING](https://preview.redd.it/opwjuh3p45771.png?width=474&format=png&auto=webp&s=302e295ae876e560098c77744218660f6553bad0) + +&#x200B; + +Side note: + +Dude. Where you big bois at? Someone summon Cuban, Laur, et. al. Criand too. He is also big boi. More dots need connecting. + +&#x200B; + +Edit 1: + +&#x200B; + +You guys are amazing. I'm trying to go through all your messages and comments and reply. If I don't reply I likely still updooted you. + +&#x200B; + +Also I love that some of yall have some strong philisophic doubt. In the behaviorism world this essentially is the concept to question everything. I'm doing my best to compile more stuff and get you guys more data. Sadly I'm but a mere Ape and even this tip of the Glacier (heh pun intended) work is time exhaustive. Thank you to those with philisophic doubt as it keeps the conversation going and keeps me on my toes to ensure I get as much data as possible to share with you <3 +Still loving real estate! Learned a ton and got lots of inspiration from people reaching out, commenting and asking questions after I wrote this months ago. Original Post below, but thought I'd post an update. Since then, my wife and I closed on a 20 unit Senior Independent Living home, taking us to 33 units overall. Definitely a different dynamic than the more single families we've been doing, but brings some positives for sure. Have found we get more stable tenants that based on history of previous owners for last twenty years, don't ever leave (voluntarily). Definitely higher maintenance needs as the smallest things are expected that tenants in single families take care of themselves. We're raising rents pretty substantially on new tenants while barely increasing existing as to not disrupt everyone's lives. Will gradually increase over time to get rents equal with hopes natural attrition minimizes how fast we feel we need to. Has definitely surged our profits, and has introduced a number of complexities we're gradually working thru. So far, nothing too horrible. Doing a ton ourselves to build processes and understand needs with intent to move towards less hands on eventually. +This latest acquisition speaks directly to what I've read for years, at some point after you've been grinding a long time, it goes a bit exponential. With this move, we've doubled our margins. It took years leading up to this building the relationships, skills, bank account and confidence it requires. You've just got to keep grinding, but more importantly, you've got to start if you haven't already. I couldn't fathom being here six years ago, not even close. As I write this, I realize we haven't really even slowed long enough to appreciate what we've accomplished. Again, happy to answer peoples' questions and love the guidance and comments from everyone. I did my best to answer everyone last time, but I would say it took a while as there were a LOT. Keep Grinding! It's worth it! + +Original Post: Six years or so ago now, I was a normal working stiff handcuffed to my job. There wasn't a lot of extra cash. Couldn't seem to really get ahead. The thought of losing my engineering job was scary as hell, and would certainly result in my demise. The idea of how to get to retirement was impossible to get my head around. Jump forward six years, and we've got thirteen rental houses. Seven of them owned outright. Profit/month sits at $5k and that's paying existing mortgages heavy. We've set up a great team to deal with anything that comes our way. We make subpar houses in decent neighborhoods great and rent at a slightly higher than market rate to only solid tenants. We take care of them, and they take care of us. My wife and I continue to work our full time jobs, but am no longer afraid. We know we'll be just fine. I never could get my mind around retirement because how much would we really need to be comfortable? $5 mil? $10 mil? $20? It was unfathomable. Now I look at everything as how many houses. Many worry about health insurance. As I told my wife, for everyone else, its a $2k a month problem. For us, it's just three houses. It's that simple. When problems come up, and they always will, I reflect on where we'd be today if we didn't start the journey six years ago and it's a no brainier to keep going. I know six years from now, and many more properties, the answer is going to be the same. If anyone has any questions I can help with, feel free to message. One of my favorite things in this business is how willing people are to help each other. +This time around, the MSM is not clamoring to offer alternative explanations for GME price movement. There are no articles about reddit sentiment driving price movement, no fake "short squeezes," and no other meme stocks "leading the charge." Frankly, this has my nips drilling for diamonds on the moon. + +This silence points to a few distinct possibilities: + +1. Kenny & Co.'s checks finally bounced - no more paid shillery for you (seems less likely given that MSM would have other motives for protecting the status quo). + +2. Anti-Fomo Tactics (a.k.a. the Streisand-side-step). They've realized that silence is better than half-baked excuses. Excuses still draw attention. Silence keeps GME off the radar unless an individual investor is otherwise monitoring the price. + +3. Narrative switch. They are preparing to blame apes for holding the economy hostage or some similar bullshit. + +Diamond fucking hands. They must be sweating bullets behind the scenes. + +No cell, no sell. + +Buy, Hodl, DRS. + +Options are for wrinkles - shares won't go to zero. Invest accordingly! +Sorry if this isn’t the right place to post, but we’re pretty desperate. Like the title says, we went to usps and got money orders to pay our rent ($2300) for the month. Last Wednesday, the super comes by to inform that they haven’t received the money. After reaching back out to USPS, they inform us they lost the orders. The number on the receipt the original worker circled and said was the tracking number was actually the code for the online survey. We were informed of this by an different employee yesterday as she laughed told us to get out of the line (hey, what can you do). The landlord says he needs a check on Monday for $2300 and while we have been securely making rent on time since we moved in a couple months ago, we can’t afford to spent another $767 each immediately after paying rent. That being said, I understand the landlords issue completely, man needs his money. I’m sure all of this makes me an idiot, but I’d greatly appreciate any help or advice. Thanks a lot. + +Update: we have a receipt but it only contains the individual payments alongside a serial number. This means my roommate didn’t steal it and the money was actually given to the bank, right? +I entered the serial numbers into Money Order Inquiry System and it didn’t recognize or have any information on them. +In the last days we have seen a MASSIVE influx of low effort low quality content in the sub. We went from memes to per personal nonsense stories about how: + +"im from brazil and crypto saved my life bc my 30usd are now 35" + +"my mom doesnt understand crypto but she said she supports me bc i am obssesed and she loves me" + +"venezuela bad, crypto good" + +"crypto saved my life bc i now buy btc instead of drugs" + +and the countless BLAND, LAZY responses of the ppl here saying "hey there you go" "you are strong and wonderful" "keep on champ!" and what not + +I feel Im living in the minimum power my-man Rick and Morty simulation and all for what? To get 10usd in moons? are you guys fucking insane?? are you so desperate? + +BAN MEMES, BAN JUNK, CC FOR INFO +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). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +The council incorrectly claimed I owed them around £6000 and dispatched bailiffs to my business to collect this sum in February. This surprised me because I had been paying the council tax on time for more than 5 years. We hadn't received any letters about it, so we were taken aback. I called the council multiple times and spoke and waited on hold for hours, and they refused to tell me what or why I owed them this amount. + +I paid a solicitor to contact the council on my behalf, and they finally responded with the details, revealing that they actually owe me around around £10,000 as they’d been overcharging me, which I have email proof from the council confirming this. + +The problem is that the council claims they can only send me £5500 of the total £10,000 because £4500 was the cost of hiring the bailiffs, which they hired in error. This cannot be a reasonable position for the council to take; they have so far ignored my emails since April when I requested the full amount. + +What are my options now to obtain the full amount from them? +So my mom has pulled about 15k out of their joint accounts. This is a combination of scams she has become involved in. She isn't being completely honest with anyone but from what we have gathered the is one where it involves a girl "who needs to get home to her sick mother but her car died on the way there" and a "if you give us 10k, we'll give you a 100k grant." My mom has already sent the money orders so they're fucked. My dad is going to go to a different bank tomorrow and open his own account and is calling all investments to make sure my mom can't touch or do anything with his investments. He's changing all of his passwords just in case. What else can I advise him to do? I think he should pull all money out of their joint accounts but he's not sure he can. + +As for my mom, we've had several conversations with her about these scams but she's convinced she's made the right move. She's not going to learn so that's why I'm reaching out on getting my dad help. + +EDIT: I just wanted to say thank you all for your advice. Dad has started protecting what he can and is planning an intervention with my mom with my mom's siblings. The goal is to get her to seek help with a neurologist. Again, appreciate you all! +I have invested my way up to $90,000 from $20,000 in the past year. I am very eager to become a day trader within the next couple of years. I have read books, blogs, watched many tutorials and listened to friends advice. The thing is, I am not comfortable making the leap to day trading without maybe some schooling or more intense learning of some sort. Are there any good online courses? Could anyone share how they made the leap? (No pun intended)… any help is very much appreciated! Thanks all +So I started digging today. I made a DD and then bounced it off of u/additional-ad5055. I think I have started to scratch the surface on why RRP has been huge this year and how that points to a major liquidity crisis. I apologize for mistakes or format issues, this is done all on my phone. + +https://i.imgur.com/tecXFiM.jpg + +London Inter-Bank Offered Rate (LIBOR) is the rate at which banks lend to each other. A rate that a lot of different financial instruments are based on. + + https://en.m.wikipedia.org/wiki/Libor + +Secured Overnight Financing Rate (SOFR) is the new rate based off of the fed Overnight repo rate. + + +https://en.m.wikipedia.org/wiki/SOFR + + +https://i.imgur.com/jTjkm9m.jpg + +I don’t know why they care about loans maturing in 2023 because SOFR kicks in January 1st 2022. So I’m thinking the exposure is a lot higher for 2021. + +https://i.imgur.com/1d1yofZ.jpg + +Regardless there is a shit ton of loans based on the LIBOR rate. + +https://i.imgur.com/I6Yp8NP.jpg + +Banks will not be able to use LIBOR as of January 1st. + +https://i.imgur.com/NarxNlS.jpg + +Almost all loans will transfer to SOFR rate except for in loans where they “lack ARRC standard language.” + +https://i.imgur.com/K7OFNQ1.jpg + +Those will be transferred to the ABR which is .50% above the federal funds effective rate. + +https://i.imgur.com/4cSnWan.png + +The top 25 banks hold $250 trillion in derivatives on their balance sheets. Yikes. + +https://i.imgur.com/AuR8SOB.jpg + + Notice JP Morgan has the most derivatives on its books at 52.6 Trillion. Side note Goldman’s 200:1 ratio of derivatives to assets is just funny. A true YOLO. + +https://i.imgur.com/gkGSKWo.jpg + +JP Morgan you say? But there’s no way they’re still doing this… + +https://i.imgur.com/aUrDmLM.jpg + +Already went over all of the financial instruments that rely on LIBOR but wanted to remind you because…. + +https://i.imgur.com/ZctBAWz.jpg + +…the fine paid for manipulating LIBOR is essentially the cost of doing business. So yea they probably are still doing this. + +https://i.imgur.com/jRHAfjN.png + +Credit risk as in if you colluded with the rest of the banks to manipulate the rates for a profit. + +https://i.imgur.com/iu6wnWf.jpg + +https://i.imgur.com/T1RaNLJ.jpg + +The LIBOR and SOFR rates are pretty close but historically SOFR is a lot more volatile. + +https://i.imgur.com/jIvm42O.png + +See how I’m 2019 the rate spiked up? + +https://i.imgur.com/9vpfAa1.jpg + +https://i.imgur.com/GYviIuL.jpg + +So if there’s a Liquidity problem shit will hit the fan with SOFR and will need liquidity injected by the fed to calm the market. + +u/sharkbaitlol touches on how the transition almost imploded the market. + + +https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf + + +https://i.imgur.com/ej7NkYq.jpg + +Ok. This is what scares me. The volume that caused a massive spike in 2019 was a little over $1 trillion. Scroll back and look at how many loans need to switch to SOFR. That’s right. $223 Trillion worth. + +https://i.imgur.com/kPqpGOA.jpg + +They have been prepping for this but will it be enough? + +https://i.imgur.com/xAZrZPv.jpg + +https://i.imgur.com/WR8BBTT.jpg + +Especially with inflation so high caused by injecting liquidity like crazy. +SPECULATION: They won’t be able to stop a crisis without sending the USD on the fast track to zero. Remember when I showed how big banks manipulated the rates? That also makes me think that going from a rate that has “credit risk” to a secure rate will mean those banks committing fraud will be caught with thier pants down causing a liquidity crisis. + +https://i.imgur.com/9UnQW6e.jpg + +My theory is that SOFR is the reason for the reverse repo market surge all year. Banks need to stockpile cash for the transition. ONRRP allows them to do this and still use treasuries as collateral to invest everyday. They need it and can’t lock it up. The fed is paying them a small return to hold this in the ON RRP market until the transition. I think around December 31st the RRP will go to zero while banks scramble for cash at the deadline. So that means the treasury shortage will become an even bigger issue. + + +TADR: LIBOR is transitioning to SOFR. SOFR is determined based on the feds overnight repo markets rate. This will be the rate that most financial instruments rates are based off of (bonds,mortgages, derivatives, student loans, etc.). This has been a 7 year transition and the deadline is December 31st. This is a big mess especially because of MASSIVE derivatives exposure($223 Trillion). I am speculating that this is the reason for the massive RRP all year. + + +My theory is all speculation. Looking for smarter apes to dive deeper here with me. +I'm a noob investor looking for my first rental after saving up a pile of cash. + +I heard "for sale" house inventory is down 60% in Utah right now, which makes sense because it seems impossible to find a reasonable deal. Any property that stands a chance of making a decent cash-flowing rental is snatched up by cash buyers (and by decent cashflow I only mean like $200). Last week we offered $220k on a 90s townhome listed for $205k and were outbid by *multiple* cash buyers. Yowza! +I'm not the least bit surprised by Shkreli's claims to investors, but the fact that he [kept getting vetted for more loans](http://business.financialpost.com/news/fp-street/how-martin-shkreli-the-teen-wolf-of-wall-street-thrived) boggles my mind. +Throw away account + +I was furloughed from my job in the healthcare industry 6 weeks ago because of COVID-19 and I have been receiving unemployment from both the state and federal government. I am currently receiving more money from unemployment, even after taxes, than I was making at my current job working 40 hours. They are only offering me 30 hours right now, but working 30 hours would put me over the limit for being eligible for unemployment. The extra money the past few weeks has helped my husband and I out tremendously to pay on past due debt and to put a little away into savings. I’m having a difficult time right now trying to figure out what to do about my job. Unemployment won’t last forever, I know, but the opportunity to have a higher income even temporarily has been our saving grace. How do I move forward without putting my husband and I back into a tight spot with our finances? +**Situation** + +* 40. Married. Two young kids. Spouse doesn’t work +* San Francisco area. Engineer at a FAANG company + +&#x200B; + +**Financial** + +* Net worth: $4m + * Taxable index funds: $2m + * Long-term vested company stock: $900k + * 401k: $800k + * Roth IRA: $200k + * 529: $100k +* Allocation across all funds: 40% Total US, 30% Total International, 10% Emerging, 10% REIT, 10% Total Bond +* Cash dividends from taxable funds: $3,000/mo ($36k/yr) +* Renting. No mortgage or other debt +* Vehicles are new, dependable, and paid off. Keeping as long as possible +* Last year’s spending: $8,500/mo ($100k/yr) + +&#x200B; + +**FIRE plan** + +* When: A few months +* Type: FatFIRE, maintaining current lifestyle +* Move: To an area with much lower housing costs. Most other expenses are 20% cheaper there +* Estimated max retirement spending: $8,500/mo ($100k/yr), although will likely be lower due to new COL + * Housing: $3,000/mo ($36k/yr). Rent while getting to know the new area before buying a $750k house. Put $300k down payment down to stay under the jumbo loan limit of $450k. 30yr fixed mortgage on $450k is about $3,000/mo including property taxes and insurance. No intent to pay off early. Although this may seem extravagant, a nice home for my family is a reward after years of hard work + * Healthcare: $2,500/mo ($30k/yr) to be safe. Open market. If annual MAGI is <$100k, would be eligible for premium tax credit with two kids + * All other expenses: $3,000/mo ($36k/yr), although likely lower. Travel is the biggest wildcard +* Withdrawal strategy: Dividends from taxable funds of $3,000/mo ($35k/yr) will take care of a chunk of my overall $8,500/mo ($100k/yr) expenses. The remainder ($5,500/mo) can be drawn down at a 1.8% rate from pools like my remaining company stock, Roth IRA contributions, and taxable funds (although this would mean fewer dividends going forward). If dividends aren't used, withdrawal rate would be 2.8%. According to EarlyRetirementNow, anything <3% is [close to fail safe](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/). +* Withdrawal frequency: Monthly, to keep more money invested longer +* Equity and bond allocation change over time: None, remaining high equities. I'm aware my house will become a larger part of my assets over time +* How to spend the time: Raise kids. Time with family and friends. Travel. Personal coding projects. Plenty of hobbies +* Future side income: Not banking on any at the moment + +&#x200B; + +**Last checkup questions** + +1. What’s the best way to handle the $900k in company stock? Selling it all before I leave would reduce risk and give me the cash I need for a future house down payment. However, it’d pile on top of this year's already high tax bracket earnings and create a huge tax bill in my first year of retirement. Alternatively, I could wait until next year when I'm retired and use the company stock as the first pool of money to draw down, and if I kept my income low enough (under $77k), I’d pay 0% capital gains on the chunk I'd sell. +2. Once the company stock is sold off completely, would Roth IRA contributions be the next best pool to draw from? This wouldn’t count towards income, making it easier to be under the limits for the premium tax credit and 0% capital gains rate. It’d also preserve my dividend income by not dipping into taxable funds yet. +3. How hard is to get a $450k mortgage without being employed? I’m hoping exceptions can be made for showing proof of large equity assets and having an 800+ credit score. +4. Overall, is my plan good enough to FIRE soon? + +&#x200B; + +Thank you! The advice from this sub over the years is a big reason why I can do this. +>Edit because some of y’all go ape🦧shit💩 when GME isn’t mentioned every other sentence: + +>**Not financial advice, DRS your GME!** + +>(in fact DRS everything that’s not GME too – don’t let your brokers add your retirement account to the hedge fund sandbox) Now back to your regularly scheduled programming~ + +TL;DR — Ryan Cohen knows Amazon’s business model is corrupt af, he’s using that knowledge to his advantage in his activist investing, and his strategy with GME and BBBY shows this. Ryan Cohen will take down Jeff Bezos/Amazon. Fuck Amazon. Ryan Cohen is my dad. DRS your GME. + +**Body:** + +Ryan Cohen was able to beat Amazon at their own game in dealing pet products – superior product offerings and amazing service all to maximize customer delight. (seriously if you’ve not got pets and haven’t used Chewy, it’s pretty fuckin’ awesome) + +Now RC is doing it again with GME. Maximizing customer delight in the consumer electronics, collectibles, and gaming industries. All this will take another sizeable chunk out of Amazon’s ridiculous market share. + +And now, BBBY. Amazon’s offerings for home goods is incredible… but so is BBBY’s. Securing a loyal customer base with BBBY, improving their online presence, and delighting customers yet again would deal a significant blow to Amazon’s near-monopoly over internet commerce. + +And all this is not to even mention Bezos’ shady business practices, hedgie past (seriously he literally wrote trading algorithms for hedge funds in the past), and the fact that he and Amazon may be the puppet masters behind all that cellar-boxing… I know this is heavily in tin-foil hat territory, but the rise of Amazon coincides with the fall of Sears, Toys’R’Us, etc. Amazon is literally buying old malls - a symbolic🖕to traditional retail, perhaps to secure their place as the go-to destination for purchasing any kind of good. + +And here comes RC – lil’ David with his sling, chucking rocks at the Goliath that is Jeff Bezos/Amazon. But RC knows chess. He knows long term-strategy, and he sure as hell ain’t making his known. He got a feel for how the Goliath operates when he smacked Bezos across the face with Chewy. Now he wants the beast to bleed. +Usa can just keep printing and then hold off their cash in banks so it doesn't enter circulation right? + +The Us can never default? Lets say the debt reaches 50 trillion while US gdp is 20 trillion, it still wouldnt matter as long as US is the superpower and can keep printing as the reserve currency? +My knowledge on this topic comes from watching the financial news over the past 2-years, so it is vague. From what I understand, when central banks create more money by buying bonds, the purchasing power of that money decreases because the money is more abundant. The vice-versa is true for when they sell bonds and take money out of circulation. + +Is that the same thing that is happening when banks raise and lower interest rates? If not, then what controls the interest rates? What reasons do the "powers that be" use to justify raising or lowering interest rates? +I understand “inflation” is a rate of change. If in fact the supply bottlenecks/COVID-related demand are transitory, once they’re relieved (gone), assuming all else constant, will supply/demand seek its prior equilibrium which means we’d see DEFLATION back to previous price levels? +**According to Wikipedia: ‘The Inflation Reduction Act of 2022 is a bill proposed for passage in the 117th United States Congress in July 2022 that aims to curb inflation by reducing the deficit, lowering prescription drug prices and investing into domestic energy production while promoting clean energy solutions.’** + +*And it will implement this to do so:* + +raise revenue from: + +Imposing a 15% corporate minimum tax rate for companies with higher than $1 billion annual revenue – $313 billion + +Prescription drug price reform to lower prices, including Medicare negotiation of drug prices – $288 billion + +Increased tax enforcement – $124 billion +Imposing a 1% excise tax on stock buybacks - $73 billion + +It would spend this revenue on: + +Continuing for three more years the expansion of Affordable Care Act subsidies originally expanded under the American Rescue Plan Act of 2021 – $64 billion + +Addressing domestic energy security and climate change – $369 billion + +Funding for drought relief - $5 billion + +Deficit reduction – $306 billion + +**My questions on the bill:** + +What are the main economic implications of this going to be? How will it affect things like growth, inflation, inequality, quality of life or the deficit? + +I realise this is a very broad question as the bill covers so many areas, but I have done this intentionally in the hopes that maybe people can speak to individual parts of it as well? + +Thank you +I am pretty much a novice here. Most opinions I’ve from Keynesians/mainstream people are that inflation is in specific industries and it’s completely based on the supply side; however, couldn’t you argue that if people didn’t have so much stimulus, we would find an equilibrium sooner? + +Between the stimulus checks and the child tax credits, people are ready to spend. This is happening at the same time as the supply shock. Don’t you think if there wasn’t so much stimulus floating around demand would be less and supply chains could find their footing faster? + +Would love to hear opinions from people more knowledgeable than me. +Just wanted to share a realization I've had after my recent therapy session. I'm hoping what I write will reach someone who's also in similar shoes. + +I loathe my job. Waking up on five out of seven days of my weeks is a chore in itself, when I know I have to spend the rest of the day on something I hate. There was a time when I liked doing it, being good at it, and being paid well for it. But now I feel unmotivated, lethargic. I feel like what I do now is so inconsequential to the world - I wanted to do something with more meaning. I have cycles of feeling neutral then negative at work. Recently, I've been at a low point, which is forcing me to think about what I want and what I should do. + +But I kept going on because it paid well and every day slogging through inched me closer to FIRE. + +I've realized this a year or so ago now, and my action was to start a Master's degree at a field I think I would like, and it's being going well so far. I love learning this new field, and I feel like I could make real change happen if I get good with it. It's been a long time since I felt genuine excitement and curiosity and the want to learn and push through with it. + +I was thinking, what if I just funded myself, lived on my savings, while I move forward in my degree and dive myself fully into the new field? The risks are that I might not be employable for an unknown amount of time which would have adverse effects on my timeline to FIRE. Being stuck in this dilemma has made me more miserable wasting away my days at a job I hate. + +It's not even my workplace. They're amazing and supportive. My manager is understanding, everyone's working for a great cause. It's just what I do specifically that I no longer get satisfaction from. Which is making the decision harder - why waste a good job with good people and good benefits? + +The light on my head lit when I told myself this sentence: **Is FIRE worth delaying for n years if the change I'm attempting could make that journey less miserable?** + +What was the point of me trying to free myself from work in the future, if in order to achieve that, I have to enslave myself right now? I am clearly unhappy, and have been for a long time. + +I think it's time I make the jump. I'm going to be quitting to focus on my studies and prepare myself for my career pivot ahead. I'm lucky enough to have savings to give me the freedom to be able to do this, so I will. + +I think what I want to try and say is, we all are invested in the FIRE mindset because we want to free ourselves from decisions that we only make because we need to earn the money to eat, live, survive. While FIRE is the penultimate goal, please check in with yourself and ask if you are happy now. Maybe there is a way your money now can give you the freedom you're earning for yourself in the future, now, albeit in a lesser, temporary form. +Since January I, and all of you, have witnessed history. We have seen the greatest uncovering of financial and institutional fraud ever found. There has never been this much fraud in any system since the beginning of all recorded history, since the start of time. Think about that for a minute. The smartest minds have come together to figure out the biggest amount of criminal and fraudulent activity on a global scale. For once retail investors have overcome Wall Street and we will win. There is no way out for the hedge funds, the banks, or the SEC. The only end to this situation is for a payout of millions of dollars per GME share, there seriously is no floor since we apes own the entirety of the float, and we decide how much the cost is per share. + +So prepare for the end game. Prepare for the fuckery that will be going on. Prepare for the FUD. Prepare for the shills. The media will try and convince you to sell, paper hand, and for you to convince others to do so. DO NOT SELL NO MATTER WHAT! Buy and HODL! Even if Reddit goes down during the squeeze, go to the Gangnam Style YouTube video, or just go to the Superstonk moderator Twitter accounts for more info. + +Today GameStop raised over one billion in capital. Tomorrow 002 is going live and will stop Citadel’s bullshit charade once and for all. Thursday is another T+21 launchpad date. Friday GME will be added into the Russel 1000. The amount of bullishness, buying, technicals, and order flow that is going into GME right now is making it a powder keg that’s about to explode. This is the apex of what’s been coming since 2008, it truly never ended. And I’m not saying that the squeeze is gonna happen tomorrow or the next week, but it will happen very, very soon. Get ready for the biggest times of financial history. + +And you know what? Maybe we should fucking dance. Our generation and the generations that have come before us have been getting fucked by the super wealthy and ridiculous politicians forever. It’s our time to shine, to have some fun, TO FUCKING DANCE! And to those who say that peoples retirement accounts and savings will be completely destroyed, I don’t think that’s completely true. I still have some faith in the system. I don’t think everyone’s savings and retirement accounts will be turned into nothing. We wouldn’t be fighting for massive amounts of money if we thought the economy would completely fail. There is justice, just not for the rich. GME is just allowing us to take advantage of the situation that is currently plaguing the economy and stock market. + +#The Endgame Is Here. The Economy is on the verge of collapsing. The biggest wealth transfer from the rich to the poor is about to happen. Get ready for the once in an eternity short squeeze. Be fucking relentless. Be fucking greedy. Do not sell no matter what. Apes Together Strong. Get fucking hyped. GUH! + +#Diamond Fucking Hands are engaged.💎🤲 + +🚀🚀🚀🚀🌕💸💸💸💸🐵 + +*This is not financial advice.* +My relative died, my dog died, I lost my wife, my wife’s boyfriend told me I’m ugly, I had a miscarriage, my kid punched me in the dick. Poor me, it’s all Kens fault. + +Look, maybe you had some bad shit happen, maybe you’re a trolling shill dickbag. It’s hard to tell. EVERYONE HAS HAD A SHIT YEAR ITS FUCKNG COVID VERSION 34 STILL. Either way, shut the fuck up with this crybaby shit. This isn’t a Facebook grievance group. There are places you can vent about how shit your life might be right now, but not here. + +This is r/Superstonk where we discuss GME related DD and market conditions, situations, and related data. + +Edit: and memes, we need like a shit ton of epic memes + +I really am sorry if you’re down and out at the moment, but pull your fucking shit together because we ride at dawn bitches. + +🟣 MOAR PURPLE RINGS 🟣 + +Edit: holy shit this got waaaay more attention than I thought it would. Thanks for the awards! And my first snek SssSSsssssss + +Mini edit: misspelling “your” sorry to the dude I triggered ☠️ +BabyShibaInu is the latest arrival into the crypto doggie world. It's a novel token with social conscience, created by the dog loving team and fully distributed within the cypto community. + +&#x200B; + +After bypassing Pancakeswap's API issue through the 2 exchange listings (P2PB2B and IndoEx) and having CMC listing coming up in 7 days. The Dev at BabyShibaInu has set a target for the community, he will doxx himself at $50 million market cap, which isn't far off from the previous ATH of $31 million. NFT marketplace for Apps and DApps is in development which also includes a "moonshot" section that helps users discover new coins by filter viewing according to their preferences. They are also working on breaking into the Chinese market with Btok ads, WeChat group launch and Weibo influencers. Heavy marketing is about to kick in with influencer shills on Twitter and tiktok. They passed the Nexus audit with flying colors and are being audited by Techrate next. Community is very active, Twitter shilling competitions are taking place 24/7. Devs are dedicated and transparent, they hold 1-2 AMA sessions everyday to provide the community with the latest updates and listen to their suggestions! Moreover, they recently won the Binance 8.0 Facebook group poll with 3k votes and will be advertised in the 250k member group in the next few days! + +&#x200B; + +The branding has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. First donation of $5k already took place! + +&#x200B; + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +&#x200B; + +Liquidity is locked and ownership renounced. + +&#x200B; + +📱https://t.me/babyshibatoken + +&#x200B; + +🌎 [https://babyshibatoken.com](https://babyshibatoken.com) + +&#x200B; + +🐦 [https://twitter.com/BabyShibCoin](https://twitter.com/BabyShibCoin) + +&#x200B; + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab + +&#x200B; + +Telegram ([https://t.me/babyshibatoken](https://t.me/babyshibatoken)) + +Baby Shiba Inu + +[Babyshibatoken.com](https://Babyshibatoken.com) + +0xaecf6d1aff214fef70042740054f0f6d0caa98ab +Ya, I get it. Dips are buying opportunities. And bear markets present potentially great opportunities. And I know some of you mean it when you say you hope it keeps going down. But I don't think a huge continuous slide down is good for crypto long term. I'd rather not have prices drop 50% or 85% more. At whatever price you buy, up means profit. So, I am going to go against the trend and say I hope the market shoots up like crazy and doesn't go down further. I am ready for my downvotes now. 😆 +Rent is increasing rapidly. Anything even remotely livable is over $1500 per month plus utilities. I currently pay $2160 plus. + +So I figured that buying a home would make sense….right? + +But home prices are sky high and anything under 400k is getting snatched up by cash buyers! +Plus, what is selling for 400k was around 150 a few years ago. + +What is going to happen to the average family? Rent is unaffordable, home prices are crazy, don’t even get me started on gas and groceries! + +Will we all end up homeless? Something has got to give. +[Levels.fyi](https://www.levels.fyi/) is a popular website used by techies to see what different software engineering salaries are at major companies. As you can see, tech firms pay RIDICULOUS salaries - an entry-level software engineer at Google and Facebook FRESH OUT OF COLLEGE pays around $180k, and most software engineers can expect to become a senior engineer in 5-6 years, with a compensation around $350k - $380k. And Google and Facebook aren't even the highest paying companies - firms like AirBnb, Doordash, Roblox, Stripe, and many others are known to pay even more. My question is... why are salaries so high for software engineers? It's just baffling to me. + +For one thing, software engineering has little to no barrier to entry unlike, say, Mechanical engineering, Actuaries, or Accounting, where you HAVE to have a degree in said field and take a professional licensing exam to work - and yet, software engineering salaries FAR outpace even the elite of any of these fields. In fact, it's actually a thing amongst software engineers to not have degrees at all because of bootcamps, or become a software engineer after majoring in an unrelated field - not exactly common, but it definitely happens from time to time. Pay for the best entry-level software developers at FAANG or the hottest tech startups BLOWS OUT THE WATER the salaries for the best accounting and actuarial science grads at Big Four firms, or MechE grads at Boeing. The only field which I've seen come close to the compensation of software engineers with just a college degree is investment banking - and that basically requires a 3.8+ GPA at an elite school with intense networking, and has a ridiculous barrier to entry. + +I see absolutely no reason for software engineering grads to get paid so much money - and I'm saying this, by the way, as an upcoming software engineer. Is there something I'm missing? I can't imagine a software engineer does intellectual work significantly harder than, say, a mechanical engineer at Boeing, a chemical engineer at Johnson & Johnson, or an Actuary at a Big 4 firm. +Hello! + +I plan on applying for an economics masters next year, and was wondering which online courses you recommend, in order if possible. I have around 10 months to apply.(my undegrad degree is in linguistic, so I'll be starting from scratch) + +I realize that this will not be easy, especially the math, but I want to give it a shot. + +Thanks! + +Edit: + + [https://www.hse.ru/en/ma/ae/preparetostudy](https://www.hse.ru/en/ma/ae/preparetostudy) For those of you who are in the same boat, I found this MA in russia at HSE(rank 51-100), they just require you to complete 6 coursera courses.(listed in the linked page) +say 7% inflation becomes the norm for the next few years. In my mind theres no reason people would be loaning out money for less than inflation, so interest rates would have to rise. The government could print money to buy their own bonds but that would only make the inflation problem worse. So once the gov stops buying bonds I would expect bond rates to rise to at least the current rate of inflation. Am I understanding this correctly? Who would be loaning money out at less than the inflation rate? +Just wanted to point this out for idiots such as myself. I spent this year watching my mental health degrade while forcing myself to keep up an investment strategy allowing myself just about zero budgetary slack, going to the point of stressing over 5$ purchases. I guess I got the memo when I broke down crying just 2 hours after getting back to work from a 3 week break. Seeking professional therapy is going to cost you hundreds per month, but the money you save is a bit pointless after you quit/lose your job due to your refusal to improve your life. +So I've been at my current job just over 4 years and had been feeling less than enthusiastic about the day to day. Having my resume posted online resulted in a job offer from a bigger company (current job is extremely small - 4 employees not counting owner) with better benefits (current benefits are not much to write home about). + +New job wanted me to start 12/30 and when I gave my two weeks to my boss (who has treated me great this whole time) he asked if I could give him two more. The new job agreed to push back my start date. + +That start date is a week from today and last Friday the boss asked me about possibly staying on another month or two while he finishes up some other business matters. He alluded to "making sure I'm taken care of" - possibly some off the books late Christmas bonus type deal? Along with helping out with getting another job assuming the one I've been hired at doesn't gel with me extending my start date another 30-60 days. + +Looking for advice as I weigh my options. I could use the "bonus" to pay off some credit card debt and the last $1000 of my car note in theory. Not sure if that is worth losing this other opportunity over (stable job, similar industry, cushy corporation, voted one of the best workplaces in my city multiple years) even though I would be taking a slight pay cut to start (losing a little over $3/hr taking the new job). + +Appreciate any advice in advance! +The bickering over bitcoin has hindered interest in the virtual currency, sending some to a newer alternative, Ethereum. https://www.wsj.com/articles/the-virtual-currency-war-that-threatens-to-tear-bitcoin-apart-1497956400?mod=e2tw +I bought a toothbrush off Amazon for 75 pounds and it came faulty. I had an option to have a new one shipped out the next day and then send the broken one back. New one came, works great, posted the broken one back the same day via Amazon locker. + +About a month after sending the broken one back Amazon sent me an email saying I still needed to return the broken one or I'd be debited 65 pounds for it. I got in touch immediately and they said this was just because their records hadn't been updated and not to worry. + +A few weeks later they then tried to debit my account, but failed for some reason, the price of the toothbrush. I got in touch immediately again and customer service again told me this was a mistake and they'd cancelled the attempted debit charge. + +Fast forward two weeks later and they managed to successfully debit the money. I rang Amazon and again they were very apologetic and said this was their mistake and they'd arrange a refund within 7 days. They even sent me an email confirming this. + +Fast forward 7 days and I had no refund so I rang again and again they apologised and said they'd refund me and sent a new email. You can guess what happened next. + +They keep promising a refund but not giving me one even though they accept this is their fault. I tried to contact the bank (chase) but they were so unhelpful bordering on rude and said because Amazon were offering to refund it they were simply not interested in helping even though I'd had an unauthorised debit on my account. + +What can I do here ? Amazon keep saying they'll refund the money but never do. The bank keep saying it's not their problem whilst Amazon says they'll refund it. I'm stuck in a loop +Heard a story the other week about a guy who had a $100k loan on a $600k house and wanted to borrow another $100k for renovations but the bank wouldn’t look at him because he was a sole trader and his business was less than a year old. So he got a job with a mate (who was aware of the situation) on wages and after 6 weeks the bank approved him for his new loan and then he quit his job with his mate and went back to his own business. + +What are the legal repercussions for doing this if the bank finds out? + +Is this a common thing people do? + +This particular dudes situation seems relatively low risk because his loan amount and LVR are low but I feel like it’s generally not a good idea to lie to banks to get 6 figures worth of debt. + +Edit: I’m loving reading the comments and clearly I had a naive perspective on this. I assumed there would be some kind of penalty if you got caught or there would at least be a more thorough checking process about what people are disclosing. + +I’ve used 3 lenders and haven’t lied but I’m glad there are creative ways to get approved if need be. +We are the new 4th estate. +r/Superstonk has demonstrated it has the will and the means to thoroughly investigate any public data relevant to their interests. + +We know that the current system punishes whistleblowers and that the legislature is compromised. Force their hand by making the damning data public, and let the apes work until the truth hits primetime. + +EDIT for anyone seeing this: if you are employed at any of the following organizations and have access to information that demonstrates crime such as fraud reach out to a respected community member or DD author (not a mod, unless the community sets up a formal, transparent way for mods to collect such info). + +-Citadel Securities etc. (looking at you, literal army of interns) + +-A central bank as potential counterparty of GME swaps + +-Broker dealers FTD and FTP + +-State Street Global Advisors (ETF) + +-SPDR (ETF) + +-DTCC + +-FINRA + +-SEC + +-Federal Reserve + +-Economics Professors with integrity who are sick of the bullshit + +-Member of finance media who wants their soul back + +The people need you. +Curious to see numbers or what expenses you have saved for in your emergency fund. Where do you keep it? Only want to compare mine to others. + +I live in LCOL with 5month Emergancy. +Saving for next years tax season and a larger car. +I try to be pretty financially responsible as I’ve wanted surgery for years. I’m 23, no kids and no debt. I have paid off my car and schooling. I have 9k in my bank account right now and 8k in a high yield savings account (I should transfer more into my savings right?). I have 8k in a Roth IRA account and have started investing in my 401k. My rent is $650 and I spend about $300 a month on everything else. I am anticipating a 9k check coming in at the end of this month, which I want to allocate fully towards the cost of a rhinoplasty (which would be about 12k). I’ve worked three jobs to save up this summer to cover the remaining 3k. Would that be a reckless decision? Starting next week, I will start a new job making 73k salary. Please don’t crucify me for asking. I would not be taking on any debt if I did this but want to know if it’s reckless of me to spend on this or continue to save my money until I’m in an even better financial place. +This sub was much better when it was all stupid memes. Now every other post is some nobody's stupid motivational message about why crypto is going to the moon even while the market tanks and why we'll all be the smart rich ones in five years blah blah blah. Nobody knows anything. We may all be rich in 5\-10 years or we may all be bankrupt and living in a cardboard box due to our HODLing. But regardless, these posts are all low quality posts by people that are scared and trying to convince themselves of something. Nobody cares about the opinion on how the future of crypto will play out from an anonymous poster on Reddit. And if you think sane, rational people that are deciding if they should put money into the market are coming here to do research and seeing that and deciding they should enter the market then you are wrong. Normal people see these posts and it confirms their belief that everyone here is a brainwashed cult member and that they should run in the other direction. +[https://imgur.com/a/Fsu0vx2](https://imgur.com/a/Fsu0vx2) + +Inspired by [u/WhiskeySauer](https://www.reddit.com/u/WhiskeySauer/)'s annual post [here](https://www.reddit.com/r/dataisbeautiful/comments/khkick/oc_i_tracked_every_dollar_i_spent_for_10_years/) and following up on my post last year, I tracked and charted every dollar my wife and I made and spent since May 2018. I took his spreadsheet and modified it for our needs (source: our budget, tool: Google Sheets). It’s been helpful to us to visualize how our monthly budget and life events affect our financial picture. + +Here are some of the details and major events that help tell the story, starting a bit in 2020: + +* Sept-Dec 2020: Bought our first house, which kicked off easily the most expensive year yet. Yay/oof. Lots of costs with moving and settling in, then AC died almost immediately. Once those expenses settled down, we moved some of our just-in-case cash back into investments where it belongs. +* Jan 2021: COVID government stimmy checks. +* Feb 2021: Planned: new sod in the backyard ($3800). Unplanned: emergency pet visit ($830, lil dude is fine now). +* Apr 2021: Started saving more for retirement because we felt more comfortable with our expenses. +* May 2021: Got pregnant! When house expenses settle down, medical and baby stuff ramps right up. +* July 2021: I got a new job, 25% raise and WFH. +* July 2021: And since we’re both WFH now, we decided to be a one-car family, taking advantage of the crazy used car market to sell one for $10,200, which is 28% more than we expected. +* Nov 2021: Began picking up some freelance work for just a little extra income. +* Nov 2021: House valuation officially crossed $400k mark. More on this later. + +Probably our wildest year financially – spending more than we ever have, by a wide margin. But at the same time, our net worth took off like never before. + +**Expenses:** one major category is the house – a new AC, new sod, an expensive clogged pipe, higher electric costs, etc. And, we knowingly fell into house-related lifestyle creep – Christmas decorations, spending on lawn care I didn’t understand. And somewhere in between, making the house our own with a couple custom walls, installing fans, and painting rooms. But we’re also trying to get handy and do what we can ourselves – I’ve fixed a generator, replaced an ice machine, and did everything I could to try to fix that clogged pipe. + +The other expense is our soon-to-be-born daughter!! Medical expenses just include regular appointments and ultrasounds, and we’re on essentially a payment plan for delivery where we’re spreading that cost over Q4 this year to prevent a huge hit when she’s due in January. That, and all the baby products that are turning us from two adults into parents. We have help and we’re grateful, but it’s a lot. Between the house and the baby, the theme of the year is turning into the suburban Joneses, and while we probably could have cut spending to some extent this year, we’re very happy with how we’ve chosen to spend the year. + +**Net Worth:** sooo with all that spending, how the heck does our net worth chart look so good? Investments have done good but not great. Obviously the 25% raise in July helped, and came with knocking off $3k/yr in commuting costs between gas, tolls, and parking. And we got an extra $10k when we decided to drop to one car, which our NW calc had at $7300, so that was essentially a $2700 NW bump. But the elephant is that we bought our house right before the current housing market took off. Our house jumped 20% in value, from roughly $335k to $402k, in a year. I don’t expect that to keep up, but who knows what’ll happen in real estate next year. + +**Finance Stuff:** Knowing that the house is inflated so much, I started tracking liquidity ratio as a new metric. Happy to see that rising enough to outpace the house inflation. In my net worth calculation, the house is an asset and the mortgage is a debt, but I don’t include that debt in the visualization because it would drag everything miles into the red. For data viz purposes, it’s just rent. I also chose to categorize anything that wasn’t strictly necessary or medical-related as “Recreation”, and probably was over-aggressive in that way but it makes sense for me. + +**What I Expect Next Year:** On the spending side, I’m hoping it averages a bit lower. I know there will be a ton of first-year expenses for the kid, but I also know I won’t have time for house projects/spending! We also won’t be paying for daycare or a nanny. On the net worth side, who the hell knows what the house valuation will do, I’m thinking it’ll level off and maybe drop a bit. Very much hoping our financial progress next year is more due to smart spending and investing, and less due to the market artificially inflating our numbers. + +Very open to constructive feedback about how I considered, tracked, or graphed certain elements shown here, or questions about just about anything! Grateful for another good year. +Performing valuations is a cornerstone of the investing process. What's the #1 mistake new investors make when valuing businesses they're interested in investing in? + +I think Warren Buffett, the greatest investor of all time, said it best: + +>It is better to be approximately right than precisely wrong. + +**It's generally not a good idea to attempt to come up with a precise number when you're performing a valuation for a few reasons:** + +1. If you need to make a precise calculation while doing your [DCF analysis](https://www.investopedia.com/terms/d/dcf.asp) to figure out if a stock is undervalued, that's a sign that it is probably not and that you should take a pass. The fact that it's undervalued should jump out at you once you read the financials and the form 10k (annual report), assuming you understand the business. +2. As a result of your precision, your [Margin of Safety](https://www.investopedia.com/terms/m/marginofsafety.asp) % can mislead you into thinking you have a good buffer if you get the number wrong. +3. You can easily fall victim to [anchoring bias](https://en.wikipedia.org/wiki/Anchoring_(cognitive_bias)) depending on how you first learned about the stock and in what order you consumed information about the business. This can cause you to come up with a valuation higher or lower than you otherwise would have. + +**What to do instead?** + +1. Get into the habit of performing a [scenario analysis](https://finance.zacks.com/definition-scenario-analysis-9135.html) as a part of your investing process if you haven't already. +2. Based on your scenario analysis, come up with a valuation for the worst case, average case, and best case scenarios. This will force you to come up with a range of possible values that, assuming you have investment skill, should be somewhere in the ballpark of the real value of the business. +3. Calculate your Margin of Safety for each of the three scenarios. Does your worst case scenario still have a decent Margin of Safety? Is your best case scenario a home run? Is your average case better than alternative investment ideas? These sorts of questions and the fact that you have more data points will help you make a better decision. + +As investors it's important to consider that the future is unknowable and that the true value of a business is unknowable until the investment (and incidentally, the business) has run its course. Because of this uncertain reality it can be dangerous to apply precision. + +Many of us attend school or work in professions where it's important to be precise and we are punished for not being 100% precise. I myself work as a software engineer at my day job and trust me, precision matters in engineering. + +**However, precision has no place in value investing.** So, we should heed Buffett's words and learn to become comfortable with uncertainty and imprecision in our valuations. + +*^(Disclaimer: This post and any of my comment replies are for entertainment and educational purposes only. This is not investment advice and I am not your investment advisor nor am I a registered fiduciary. Please hire a professional investment advisor if you're looking for advice specific to your situation.)* +Hello, + +I was due to be flying to Indonesia next Month. My airline (Emirates) have cancelled all of my flights, so the trip won't be going ahead. I have had to contact my travel agency to ask for a refund on this however they state that Emirates are ONLY providing credit notes and will not be providing any refunds. + +I see this page from the BBC: https://www.bbc.co.uk/news/business-52105526 with the first bulletpoint "If your flight is cancelled, you are entitled to a full refund to the original form of payment within seven days, although many airlines will be struggling to meet that deadline. You can accept, or refuse, vouchers or a rebooking but a voucher will probably be invalid if the airline later goes bust". I have said to my rep that I am not looking for a voucher, only a refund, but she says that I have no other option. + +Can anyone provide me the law or regulation that states this is the case? Or am I snookered and will I have to take a voucher? + +Thank you so much! +They seem to have an answer for everything, and were even able to predict the 2008 crash when everyone else had no idea. Why is it unpopular and why is it seen as wrong? +https://www.cnbc.com/2019/04/02/house-committee-passes-secure-act-for-401k-plans-amid-retirement-income-crisis.html + +Not a lot of this was surprising (incentives to small employers to allow access to full and part time employees for 401k plans), but one item that stuck out to me was increasing the options for 529 utilization to private school tuition and home schooling, as well as student loans. + +What are your thoughts on this bill? Will it move the needle in terms of helping people better prepare for retirement? + + +* **Trading platform Robinhood warned day traders on Thursday night to raise their cash buffers on "several widely-held stocks" hours before market open, or they could face an account deficit.** +* **The trading platform said it would increase the minimum amount required to be held in user accounts from October 16 onwards to "help protect" customers from increased election volatility.** +* **"If you hold any of the affected stocks on margin, your buying power may decrease or your account may be in a deficit after these changes go into effect," Robinhood said.** +* **"If you do not resolve the margin call, we may need to sell off some or all of your stock to cover the call," it said.** + +&#x200B; + +Retail trading platform Robinhood warned users late on Thursday to raise their cash reserves on "several widely-held stocks," hours before market open. + +The company, which has spearheaded commission-free stock and ETF trading, said it would increase the margin maintenance requirements for those stocks affected by election volatility. It maintains the move would help protect customers from increased election volatility. + +Packy McCormick, a day trader, **posted the warning in a tweet** at 9:42 p.m. ET on Thursday, minutes after receiving it. Regular trading on the New York Stock Exchange starts at 9:30 a.m. ET. + +Other users blasted the move, with [**one**](https://twitter.com/Nobel_Zobel/status/1316930116837146624) even saying "I'm not sure how this could be legal." + +Investing on margins means that traders can borrow money as loans from Robinhood to buy stocks and options, making it possible to boost investment gains. Margin maintenance, meanwhile, is the minimum amount required to be held in the account to avoid stumbling blocks with Robinhood. + +"If you hold any of the affected stocks on margin, your buying power may decrease or your account may be in a deficit after these changes go into effect," the warning read. + +Users will be issued a "**margin call**" if they fall short of the required minimum and don't deposit additional funds to increase their account value by the end of the trading day on October 16. + +"If you do not resolve the margin call, we may need to sell off some or all of your stock to cover the call," it said. + +It is common practice on futures exchanges for margin requirements to increase as market volatility rises, because of the greater potential for traders to rack up losses that they cannot then afford to cover. + +Stock market volatility rose earlier this year to its highest since the extremes witnessed during the financial crisis of 2008 and 2009, as investors around the world dumped equities to hold cash, government bonds, and even gold. + +The warning was issued on the same day that Bloomberg reported **hackers gained access to "almost 2,000"** trading accounts on Robinhood's platform. + +This week, the company sent a push notification through its app prompting customers to start using  two-factor authentication. Security "is a top priority and something we take very seriously," a spokesperson told Business Insider. + +The trading platform has seen its popularity explode recently, with COVID-19 only fuelling its prominence, given the boom in retail trading thanks in part to the volatility across markets from uncertainty over coronavirus. Lockdowns earlier this year that halted most professional sporting activity, for example, encouraged many amateur investors to try day-trading. + +Source: [https://markets.businessinsider.com/news/stocks/robinhood-warning-raise-cash-margin-widely-held-stocks-market2020-10-1029687430#](https://markets.businessinsider.com/news/stocks/robinhood-warning-raise-cash-margin-widely-held-stocks-market2020-10-1029687430#) +But I'm very happy I actually have a four digit number in my savings now!!! + +I'm healthier as a result too, I only buy from the farmers market for my groceries and stay away from junk food! I only go into the city once a week for said farmers market, I walk to campus everyday and avoid using PTV and enjoy the stroll past the park and see cute dogs and enjoy nature + +Instead of loitering outside, I spend more time experimenting in the kitchen (I made a loaf of bread!!!), I read and write more, I've become more introspective and my cats bask in my more constant presence :) + +I know my username says NEET but I am working lol I just feel like a NEET since most times I feel a bit aimless haha but time is precious and I'm happy to be this productive and peaceful and also finally letting my wallet breathe! +[Pic of the GLOWING building](https://i.imgur.com/1QC3wBV.jpg?s=sms) + +He says it is never glowing this late. He thought it was strange even before i called him! + +I found the hotel using Google Maps cuz i went on a hunt for an ape friendly eye-witness confirmation that could confirm whether this is typical. “This is STRANGE!” he said. “The building never glows this late. It is glowing.” He was a foreigner. These were his words. + +Unbelievable! +It seems there’s a lot of success stories when it comes to property + +I’m wondering if there’s anyone on here who has a negative experience with property investment (expensive repairs, concrete cancer, defaults during high interest rates etc.) +Honestly. + +I'm a canadian business owner. I'm a canadian resident and taxpayer. I am a canadian home owner. + +Who is going to pay the debt? + +My city is going deep in debt, my province is going deep in debt, my country is going deep in debt, corporate canada is going deep in debt, canadian individuals are deep in debt. + +How is this paid back? With everyone busy paying back debt, does that not reduce companies income (which intrinsically reduces profits>which reduces employment and tax payments>which reduces the amount individuals that pay taxes > which increases government handouts > which causes extra strain on tax-payers.) + +I am not sure I am wanting to pay off the debt. I am not sure canada should have been increasing the deficits after the financial crisis. I am not sure the federal, municipal, provincial governments had to all uniformly increase deficits. I am not sure I am wanting to pay off this double down debt. This debt is not going towards innovation, and incidentally goes towards asset inflation. I am not sure I am wanting to pay off a debt I would not take myself. +Selling a TSLA 750p exp 6/3. + +Really my first time ever selling a put for a learning experience as I only have ever just held long shares and LEAPS. So correct me on any of my misunderstandings. My real intention is to just collect the premium given when I initially sold the put. From what I gather, as long as stock price stays above my strike price, the option can expire and all is good. I know the risk of assignment, but am willing to accept the loss of shares but in the case I didn't want that to happen, my questions below are what I'm trying to gather some info on. Thanks all, happy trading! + +1. If TSLA price goes lower than my strike price of 750, that means my 100 shares I own will get assigned and I'm paid out at $750 a share and keep the premium? +2. If I wanted to avoid losing my 100 shares due to the option going ITM (below my strike price), I'd try my luck at rolling down and out and hoping the new lower strike price never hits? +3. When rolling out, should I do this before my option goes ITM or while it's still OTM (getting close to going ITM)? +4. If it hits expiry (6/3) does that mean I can no longer roll out? +I can't even comprehend being able to afford a deposit let alone finding a house or apartment to purchase. It feels like the only thing I can focus on is hoping rent doesn't go up and saving as much as I can all while trying to survive and maintain good mental health? + +I simply just don't understand the interest rate mortgage conversations I often see on here and it honestly makes me feel so behind. Offset, refinance, lenders, rates, I don't even know what I am saying. + +I bought a block of cheese and a can of men's body spray yesterday and I was asked to produce $17. I don't know what needs to change but this isn't living Barry. +I left college at 23 with 80k in student loan debt. Parents had filed for bankruptcy when I was in high school and I had to take the financial burden on myself. Never had much savings. Got into about 8k worth of credit card debt post grad because I didn't have a job (degree in the arts). Landed my first job in entertainment at 24 as a PA making $450/week and have been slowly working my way up over the last 6 years to junior Producer level. Living in a HCOL (LA), it was always tough to save on such low salaries working project to project but I checked mint last night after I got my paycheck deposited and I saw the number. + +&#x200B; + +Net worth: $1,139.99. + +&#x200B; + +Having followed this sub for awhile and working my ass off to save and pay off debt, it feels good to finally be on the right side of the zero. Looking forward to that FI some day. Baby steps. + +&#x200B; + +Edit: Thank you all so much for your kind words and for the generous soul who gilded this! To go into a bit of detail since people are asking, here's how I did it: + +First off, I am not completely out of debt. I still have payments left on the student loan, but I was able to refinance through my universities credit union and got a phenomenal rate so I've slowed down on paying it off (still pay more than the minimum each month). In lieu of aggressively paying it off, I've maxed out my Roth IRA for the last 4 calendar years since the market has been so hot, and that has made me a decent return. I put about $100/week into my savings account for my e-fund and use programs like Acorn to invest with money thats automatically rounded up purchases to the nearest dollar. + +I had one $25k loan that I HAD to pay off in five years through USAA (I got the loan as part of another program I was involved with in college). That disciplined me from the start. I knew I had very little spending money so the only entertainment subscription I had was Netflix and internet. I ate very meagerly, cooked most of my meals at home (though work tends to pick up lunch quite often), picked up hobbies that didn't cost me too much money (like running and hiking). Over the course of the 6 years, I went from about $23k per year to $100k per year through promotions and different projects. I'm frugal. I don't spend money on shopping or clothing outside the essentials. I drive a 2008 Nissan Sentra thats fully paid off. My commute the past few years has been very short, saving a lot of money on gas. I lived with 2 other roommates for 4 years before moving to my own place, getting a killer deal on rent. I have no kids or significant other. + +I try to keep a mindset of not "how much I have" but "how much I have left". That helps me keep a tight budget and not spend extravagantly. I know that I could have saved a lot more over the last several years, but as I made more money, I treated myself a little more to things like travel and electronics. Overall, I'm very comfortable with where I'm at and these past 2 years have allowed me to aggressively save more than I have in the past. I am so excited for what the future will bring. If I can do it as someone who has a degree in theatre, I know others can too! +From CNBC: + +Delta said it plans to halve its cash burn rate to $50 million a day by the end of the second quarter. + +The airline posted its first quarterly loss in five years as travel demand dried up. + +Financial results of Delta and other carriers are expected to worsen in the second quarter. + +Shares up 2.7% in pre-market. https://www.cnbc.com/2020/04/22/delta-dal-posts-1q20-loss-of-607-million-as-coronavirus-hurts-travel-demand.html +Not trying to be a worry wort, but uhhhh yeah... + +[https://www.cnbc.com/quotes/US20Y](https://www.cnbc.com/quotes/US20Y) + +&#x200B; + +[https://www.cnbc.com/quotes/US30Y](https://www.cnbc.com/quotes/US30Y) + +It's flattening and inverting. This is signaling a recession. This was what was going on with the bond markets the other day, what this means is the FED/BigMoney is pulling out. That's why we're seeing a correction. Moving money into oil most likely or other actual assets. The natural yield curve has probably been inverted for a while, but the short end of the curve has been artificially suppressed by the Fed. We're just starting to see it now that they are tapering. + +Doesn't mean freak out just yet or anything, but definitely think about being a bit more guarded if you are bullish. I would watch all of the banks to see what happens with them, definitely the European banks aswell. If things get really bad, you could see a domino effect. + +https://preview.redd.it/ivcvu7l9mxc81.png?width=1157&format=png&auto=webp&s=d71150ebe14ae44ed799e5e6e183fa6f788a3ef9 + +*Personally,* ***I am growing bearish*** *over all of this and just want to get it all over with. I will be looking at SPY/QQQ puts tomorrow. If we go up in the morning like we did today for that fake out, I will grab some at roughly the 0.20-0.30 cent range. Usually the calls/puts within a 5 dollar range work for this since that is the ATR SPY puts out. It's hard to tell today without knowing how tomorrow will be, but usually the ones worth that much at the top end up flying 500-1000% 0dte. I am going to try to wait till we have a +2 std dev move upward/downward before I grab them. Don't know if the morning fake out will get us that high, but also this play can be reversed if for some reason we start moving upwards. Set stop losses. Move them up right off the rip when you are in the green. Don't get greedy. Do this and* ***YOU WILL MAKE A PROFIT*** *even if you get stopped out. If you get stopped out. Wait, and rebuy another option.* + +This play is also separate in relation to the above mentioned stuff. I am buying options regardless of what happens. + +**This is an extremely risky play and I do not recommend you jump into this if you are not familiar with how 0dte options work.** + +I am only going to throw a few hundred at this and see what happens. It's been working out great all week so far though. Be aware tomorrow is Option Expiration for LEAPS that were bought 2 years ago. + +Today we closed at an important MA line on most major stocks, a critical one, some even below. Tomorrow is opex, playing options could be very risky tomorrow with everything. + +Stay frosty boys and girls. + +EDIT: Update with the SPY chart I am using. + +&#x200B; + +https://preview.redd.it/qy7i7kopeyc81.png?width=1276&format=png&auto=webp&s=b4fa25525e6f18ef72506e6a7ebaaad49423506f + +EDIT UPDATE 1-21-2022 9:36 am (GMT Texas time) + +This is what I have done so far today, + +&#x200B; + +https://preview.redd.it/nrw06y4z92d81.png?width=1219&format=png&auto=webp&s=3b2d787f62c1e2d8f9d878d5c44ccb13dcd0cbca + +EDIT 2: 10:00am (Texas GMT time) 440 spy calls now up like 400% or something. I am taking profit and stepping out of the market. Here is an updated graph showing my progress today. + +https://preview.redd.it/klvhhmu4d2d81.png?width=1210&format=png&auto=webp&s=9753810ad32c5aebb35d4673f8594b9eb2c6ba75 + +Just got stopped out here. Stepping out of the market to enjoy my day now. You guys have a nice Friday. + +EDIT : Checking XOM (Exxon) over the past month. Yeah, it's pretty clear. My point here stands. For now. We are going into the summer soon, so oil will go up a bit regardless. + +https://preview.redd.it/09zf2xk593d81.png?width=1209&format=png&auto=webp&s=3037a4a87975e9c427e05a9e603f891cc6cac24f + +&#x200B; +So, I wanted to know, is this thread full of full fucking idiots, or actual autists who have some clue. Turns out, it's a mix of both. + +I scraped the **daily thread** from 25/05 until yesterday, and looked at what you jerks have been recommending along the way. + +I then went a hacked the asx and scraped a shit tonne of their pricing data and stored it all in a shitty database. + +After that, I wanted to see if I invested based on the recommendations of this sub, would I make or have lost money. + +If I invested $1 on each stock that was commented by users, would it of made me any money based on next trading day performance and up until today. + +**Caveats** + +Only scraped **top level comments**, didn't bother going into the shit fight that is the replies on this thread. + +Also, haven't really validated any of this shit, so could be full fucking wrong, but hey, there's nothing credible about this thread anyway, so why should this data have credibility. + +Finally - Didn't read the fucking comments or do any sentiment analysis (probably fail on this fucking subreddit anyway), so could be that these people were saying how shit the stock was, not recommending. + +Now, onto what I got. + +If I had of invested $1 every time a stock was mentioned, I'd now have $166 dollars. This means also buying the same stock multiple times (ie. Z1P 70 times). If I had of some how fucking crystal balled it and sold @ their peak, I'd have $401 fuckeroos right now. + +Day 1 performance is dreadful, I'd only get $8 if I invested on day 1 and sold at close of Day 1. + +The people below should pack their bags and fuck off somewhere else, clearly they have half a brain. I'd be listening to these people when they speak. + +&#x200B; + +https://preview.redd.it/f3wvanqmr9j51.png?width=643&format=png&auto=webp&s=f7f72b28231dbe677cf8245a3a54535979051201 + +There are some shit kickers out there too. They come in, make one or two comments, and fuck your mum on the way out. + +https://preview.redd.it/4qtulqstr9j51.png?width=643&format=png&auto=webp&s=129f8a9abd5a4b4d1e639def5e9b10bdb165c1b2 + +Most pumped / mentioned stocks below. No surprise fucking Z1P. + +&#x200B; + +https://preview.redd.it/iys6v1wwr9j51.png?width=630&format=png&auto=webp&s=6b8d1711be7770b59b0405a72f68f3f9739d58a3 + +Blah blah blah more shit ..... CBF writing more now. Might get around to visualising this somewhere along the way, or if anyone else can be fucked doing something with it, I'll share the data if you give me a hot stock tip and show me pictures of your wife. +1. Sorry for my english +2. I don't want to post missinformation, so please if something is wrong in this post please tell me and I will correct. + +Last friday reading this [SEC WANTS US TO GIVE THEM ONE CHANCE](https://www.reddit.com/r/Superstonk/comments/n2e9t9/sec_wants_us_to_give_them_one_chance/). + +Full SEC speech: [SEC](https://www.sec.gov/news/speech/werewolves-of-change). + +The TLDR done by u/Firetorpedos is very nice. + +>***TLDR*** On April 28th, the SEC website published a speech that has NOT recieved its due attention from apes. This is a very strong and direct piece, even calling short hedgies "werewolves", and i think by this piece they want to get our attention. This speech delineates, among other things, the parameters of a coming SEC report related to "meme stocks". The speech is way out of SEC historical comfort zone, and it goes to show that they see our **frustration**. Otherwise it wouldn't have been this strong. It is not written in typical SEC-speak either, it is written in the most simple and easily understand (yet precise and legally prudent) way it possibly can. For me, it is very clear that they want to say something like this: "Meme-stock holders (i dont like this designator either, but nevertheless, it is very clear what they mean): we see your **frustration**. We have our eyes on this. Here is our position: +> +>a) there ARE SHORTIE FUCKERIES related to e.g. GME stocks. +> +>b) SEC will address it with regulations, that are ALREADY IDENTIFIED. +> +>c) SEC should NOT give a fuck about hedge/financial institution loosing ALOT of money. +> +>d) Bonus: LIBOR is fucking done for. \[GET A LOAD OF THIS!\] + +The words frustration gave me something to think about. And thinking I remember that the law SR-NSCC-2021-801(If you don't remember what this law was for I let you this [post](https://www.reddit.com/r/GME/comments/mm9yci/the_801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) that explains very easy and simple) was filled the 03/05/2021. And I remember this other [post](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/), that talked about the time that have to pass for the law to be approved automatically. + +&#x200B; + +https://preview.redd.it/uznl6loiwrw61.png?width=717&format=png&auto=webp&s=909e7d5f1a06eac05ce3c065f06b07609c6f07da + +This post sais 60 days, but remember, **DO YOUR OWN DD, ANYONE CAN BE WRONG**. So i went to the law [SR-NSCC-2021-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf) and checked it myself. + +And i got this: + +>III. Date of Effectiveness of the Advance Notice, and Timing for Commission Action +> +>**The proposed change may be implemented if the Commission does not object to the proposed change within** **60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received.** The clearing agency shall not implement the proposed change if the Commission has any objection to the proposed change. The Commission may extend the period for review by an additional 60 days if the proposed change raises novel or complex issues, subject to the Commission providing the clearing agency with prompt written notice of the extension. A proposed change may be implemented in less than 60 days from the date the advance notice is filed, or the date further information requested by the Commission is received, if the Commission notifies the clearing agency in writing that it does not object to the proposed change and authorizes the clearing agency to implement the proposed change on an earlier date, subject to any conditions imposed by the Commission. The clearing agency shall post notice on its website of proposed changes that are implemented. The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed. +> +>pg. 58 and 59. + +Oh, my ape friend was right + +**"The proposed change may be implemented if the Commission does not object to the proposed change within 60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received."** + +\--------------------------------------------------------------------------------------------------------------------------------- + +EDIT: THERE WAS A CHANGE IN THE RULE: [https://www.reddit.com/r/Superstonk/comments/n3gpde/new\_801\_with\_changes\_leaving\_it\_to\_wrinkled/](https://www.reddit.com/r/Superstonk/comments/n3gpde/new_801_with_changes_leaving_it_to_wrinkled/) + +https://preview.redd.it/6o7yv3f6fsw61.png?width=716&format=png&auto=webp&s=eb594e459e7cfddda637097d7e19c926cb4e8829 + +If my little brain understand this correctly the important law is the SR-NSCC-2021-002. + +[SR-NSCC-2021-002.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +&#x200B; + +https://preview.redd.it/5kwf62aakvw61.png?width=542&format=png&auto=webp&s=cd142466d6156b1b600e6878ff487a2b2cc671c0 + +>^(34) NSCC filed this proposed rule change as an advance notice (File No. SR-NSCC2021-801) with the Commission pursuant to Section 806(e)(1) of Title VIII of the DoddFrank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and Rule 19b-4(n)(1)(i) under the Act, 17 CFR 240.19b-4(n)(1)(i). A copy of the advance notice is available at [http://www.dtcc.com/legal/sec-rule-filings.aspx](http://www.dtcc.com/legal/sec-rule-filings.aspx). + +&#x200B; + +https://preview.redd.it/wxp7zliokvw61.png?width=589&format=png&auto=webp&s=3ff96bae6ad24db89a990d23c6f9248c6f17a71f + +SR-NSCC-2021-002 HAS CHANGES TOO. + +https://preview.redd.it/7kdukbi5lvw61.png?width=568&format=png&auto=webp&s=9d67db48a0f218c9382d4a6bfdc9068ea81be4e0 + +&#x200B; + +https://preview.redd.it/6ispavflsvw61.png?width=638&format=png&auto=webp&s=63136595a1fa01d2c349fa708412bfbccb5cbd72 + +https://preview.redd.it/ea4wfbsmsvw61.png?width=644&format=png&auto=webp&s=be0d5f1c5b8bbf581bfce04fd97f3f78d5c02659 + +[https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + +\---------------------------------------------------------------------------------------------------------------------------------- + +So my next step is the most simple go to the calendar and count 60 days after 03/05/2021. + +&#x200B; + +[Sorry It's in spanish and i can't change it. \(march, april and may\)](https://preview.redd.it/tenu6n8wyrw61.png?width=668&format=png&auto=webp&s=1b65bc61e9e8d02d09278df1d1366e8c6c3b0762) + +And 60 days after is the 05/04/2021. + +https://preview.redd.it/593is1zazrw61.png?width=770&format=png&auto=webp&s=04ec34822d401ba808c1b8792799ba47bcda5524 + +Thanks to these creators: + +[u/Swimmerchild](https://www.reddit.com/user/Swimmerchild/) + +[u/Antioch\_Orontes](https://www.reddit.com/user/Antioch_Orontes/) + +u/Firetorpedos + +# And thanks to every human, ape, cat, ant, fish or whatever you want to call yoursleves, that is holding the line. + +The end is near, remember that they are screwed up. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\------------------------------------------------------------------------------------------------------------------------------ + +EDIT 2: I have seen a very interesting thing. + +WHO IS NIKKI POULOS??? + +&#x200B; + +https://preview.redd.it/vvuyb38hqvw61.png?width=517&format=png&auto=webp&s=5be7ee1664692944b3a0b3be48ecdd5166a5b895 + +She has a letter of 2008 supporting our Queenkong Susanne Trimbath. + +https://preview.redd.it/oisayeqmqvw61.png?width=314&format=png&auto=webp&s=e3fbb2e46f302e7bd607d4942389df3b94622520 + +[LETTER](https://www.sec.gov/comments/sr-ficc-2007-04/ficc200704-2.pdf) +I'm going to keep this simple, and let Loopring do the talking. + +Maybe this is already known... maybe it's not... + +But the **REAL** value in Loopring, is that they **OWN** the Patent for a truly **FAIR** and **DECENTRALISED** exchange of Cry pto... + +One that prevents control by a central party (That could be hacked or become corrupted by greed) + +One that prevents frontrunning by Market Makers (Cough cough kenny) + +One that is ACTUALLY a decentralized exchange, which would be **NEEDED** for building **THE OASIS!** + +(This is their only patent!) + +&#x200B; + +https://preview.redd.it/3jv76hl19lw71.png?width=500&format=png&auto=webp&s=d94fd467b86bff5e9c3d2e5c0bcaa6c7da6ff67d + +READ THIS: + +With the proliferation of blockchain-based assets, the need to exchange these assets amongst counterparties has significantly increased. As thousands of new tokens are introduced, including the tokenization of traditional assets, this need is magnified. Whether exchanging tokens for speculative trading motivations or converting to access networks via their native utility tokens, the ability to exchange one cryptoasset for another is foundational for the larger ecosystem. Indeed, there is a potential energy in assets, and realizing this energy, i.e., unlocking capital, requires not only asserting ownership, which blockchains have immutably allowed for, but the ability to freely transfer and transform these assets. + +As such, the trustless exchange of tokens (value) is a compelling use case for blockchain technology. Until now, however, crypto enthusiasts have largely settled for trading tokens on traditional centralized exchanges. A new method and system for digital asset transaction is needed because, just as Bitcoin dutifully emphasized, in regards to peer-to-peer electronic cash, the main benefits are lost if a trusted third party is still required to prevent double-spending, so too are the main benefits of decentralized assets lost if they must pass through trusted, gated, centralized exchanges. + +Trading decentralized tokens on centralized exchanges doesn't make sense from a philosophical perspective, as it fails to uphold the virtues these decentralized projects espouse. There are also numerous practical risks and limitations in using centralized exchanges which are described below. Decentralized exchanges (DEXs) have sought to address these issues, and in many cases have succeeded in alleviating security risks by using blockchains for disintermediation. However, as DEX capability becomes crucial infrastructure for the new economy, there is substantial room for performance improvement. + +There are three primary risks in centralized exchanges: 1) lack of security; 2) lack of transparency; and 3) lack of liquidity. + +Lack of security arises from users typically surrendering control of their private-keys (funds) to one centralized entity. This exposes users to the possibility that centralized exchanges fall prey to malicious hackers. The security and hacking risks facing all centralized exchanges are well known, yet are often accepted as "table stakes" for token trading. Centralized exchanges continue to be honeypots for hackers to attack as their servers have custody over millions of dollars of user funds. Exchange developers can also make honest, accidental errors with user funds. Simply, users are not in control of their own tokens when deposited at a centralized exchange. + +Lack of transparency exposes users to the risk of dishonest exchanges acting unfairly. The distinction here is by the exchange operator's malicious intentions, as users are not truly trading their own assets on centralized exchanges, but rather, an IOU. When tokens are sent to the exchange's wallet, the exchange takes custody, and offers an IOU in its place. All trades are then effectively between users' IOUs. To withdraw, users redeem their IOU with the exchange, and receive their tokens to their external wallet address. Throughout this process there is a lack of transparency, and the exchange can shutdown, freeze your account, go bankrupt, etc. It is also possible that they use user assets for other purposes while in custody, such as lending them out to third parties. Lack of transparency can cost users without a total loss of funds, such as in higher trading fees, delays at peak demand, regulatory risk, and orders being front ran. + +Lack of liquidity is another inadequacy of centralized exchange. From the point of view of exchange operators, fragmented liquidity inhibits entry by new exchanges because of two winner-takes-all scenarios. First, the exchange with the greatest number of trading pairs wins, because users find it desirable to conduct all their trades on one exchange. Second, the exchange with the largest order book wins, because of favorable bid-ask spreads for each trading pair. This discourages competition from newcomers because it is difficult for them to build up initial liquidity. As a result, many exchanges command a high market share despite user complaints and even major hacking incidents. It's worth noting that as centralized exchanges win market share, they become an ever-larger hacking target. + +From the point of view of users, fragmented liquidity significantly reduces user experience. In a centralized exchange, users are only able to trade within the exchange's own liquidity pools, against its own order book, and between its supported token pairs. To trade token A for token B, users must go to an exchange that supports both tokens or register at different exchanges, disclosing personal information. Users often need to execute preliminary or intermediate trades, typically against BTC or ETH, paying bid-ask spreads in the process. Finally, the order books may not be deep enough to complete the trade without material slippage. Even if the exchange purports to process large volumes, there is no guarantee that this volume and liquidity is not fake. The result is disconnected silos of liquidity and a fragmented ecosystem that resembles the legacy financial system, with significant trading volume centralized on few exchanges. The global liquidity promises of blockchains hold no merit within centralized exchanges. + +On the other hand, current decentralized exchanges have their own inadequacies. Decentralized exchanges differ from centralized exchanges in part because users maintain control of their private-keys (assets) by performing trades directly on the underlying blockchain. By leveraging the trustless technology of cryptocurrencies themselves, they successfully mitigate many of the abovementioned risks surrounding security. However, problems persist in regards to performance and structural limitations. Liquidity often remains an issue as users must search for counterparties across disparate liquidity pools and standards. Fragmented liquidity effects are present if DEXs or dApps at large don't employ consistent standards to interoperate, and if orders are not shared/propagated across a wide network. The liquidity of limit order books, and, specifically, their resiliency, i.e., how fast filled limit orders are regenerated, can significantly affect optimal trading strategies. The absence of such standards has resulted not only in reduced liquidity, but also exposure to an array of potentially insecure proprietary smart contracts. + +Furthermore, since trades are performed on chain, DEXs inherit the limitations of the underlying blockchain, namely: scalability, delays in execution (mining), and costly modifications to orders. Thus, blockchain order books do not scale particularly well, as executing code on the blockchain incurs a cost (gas), making multiple order-cancellation cadences prohibitively expensive. + +Finally, because blockchain order books are public, the transaction to place an order is visible by miners as it awaits being mined into the next block and placed into an order book. This delay exposes the user to the risk of being front run and having the price or execution move against him. Front running is the illegal practice of a stockbroker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers. In decentralized exchanges, front-running means someone tries to mine transactions before mining other transactions that are already in the pending transaction pool (mempool). This can be achieved by specifying a higher transaction fee (gas price), and if the front-runner happen to be a miner he can order pending transactions in a way that benefits himself. + +Therefore, there is an urgent need to develop a method and system to solve the aforementioned issues. + +&#x200B; + +**TLDR:** Loopring own the patent for a decentralised Crp-to exchange that is 100% fair and uncorruptable. VS... what is currently there, which is decentralized currencies that are exchanged through centralized exchanges. (Which makes them corruptable) + +This applies to NFTs\* + +FULL PATENT SOURCE: + +[https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring](https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring) + +&#x200B; + +\--------------------------------------------------------------------------------------------------------------------------------- + +Follow on Twitter: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +Subscribe on Youtube: [SUBSCRIBE ON YOUTUBE](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ?sub_confirmation=1) +https://ec.europa.eu/digital-single-market/en/news/european-countries-join-blockchain-partnership + +And from: + +2018 Declaration on European Partnership on Blockchain (.pdf) + + - " A blockchain services infrastructure building on existing initiatives, with governance involving public authorities, should support interoperability and open interfaces, with the highest standards of security, confidentiality and personal data protection compliance whilst offering economies of scale as compared to a plethora of non-interoperable private blockchains. + + - Such a trusted framework may provide a level playing field and foster competition, with SMEs and start-ups being able to access and provide cross-border services on an equal footing with larger players. Once established, such services could be used to support trusted digital services on the internet in general." + + - The intention is to launch the first cross-border actions by the end of 2019. + +Any guesses on which Public Blockchain is best placed to provide the core infrastructure for this initiative? And which one can deliver a set of inter-working dAPPS that meet the requirements set out above? + +From Red's posts about securing your Reddit account, to the newly formed ape army "The Knights of New", to rational tempering of expectations and hype around things we see on TV and read online, I'm amazed. + +It's remarkable because this sub could have become a mindless GME cult, or could have at any time been overtaken by FUD. Yet here we are, with our users and mods walking a fucking tightrope every day to ensure that discussions are productive, DD is validated/debunked, and to make sure you receive the information we deserve. + +It's absolutely amazing that we haven't devolved into a mess of infighting or a hivemind by now. I love all of you, and I mean that. I have never seen such a large group of people behave with such compassion, class, and seriousness while still keeping the place fabulous to visit. + +Cheers. + +Edit: I didn't say enough. The amount of work folks are putting in for interviews, DD, and moderation is truly exceptional. This has clearly become much like the community around a favorite video game where it's more than a hobby but less than a job. Just more things I keep running over in my head. + +Edit edit: One more thing. I have regularly seen threads where when I sort by controversial, *there are no downvoted comments*. That shows how kind we apes are actually being to one another. And I'm done for real lol. +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. +**DogeWookiee: A new hope on the Binance Smart Chain.** + +DogeWookiee is a brand new fully automated buyback token. Whitelist contest is still active and will be hitting pancake swap this week. Its primary feature is an original fully automated buyback and burn system. + +After a false start from the team (formerly MoonWookiee), they completed a refund of over 300 BNB and sought a new developer (fuwa). With increased vigor, enthusiasm and a community with renewed faith; The Dogewookiee is inevitably going to the moon. The team has shown their trust and very credible members of BSC space have vouched for them, including MadJoe's MadLabs. + +The DogeWookiee is playing on Doge popularity with an interesting take on it. Doge tokens tend to do pretty well so I will be flipping a bean and entering their whitelist competition. I've summarized their tokenomics below. + +Their contract is verified and visible already on BSC scan and it has an inbuilt presale function that has been rigorously tested on both test/mainnet. + +--- + +🚀 **Tokenomics** 🚀 + +✅ 8% Liquidity tax + +✅ 2% Marketing tax + +✅ All excess liquidity over 8% of Marketcap goes toward buybacks + +✅ Buybacks happen automatically every 30 Minutes with ALL BNB + +✅ Taxes doubled for 3 minutes after every buyback + +--- +**Links**: + + +Website: www.dogewookiee.io + +Telegram: https://www.t.me/dogewookiee + +Twitter: www.twitter.com/dogewookiee + +Medium: www.dogewookiee.medium.com +Looking at at U.S houses on Zillow you get really nice houses (massive double story brick and tiled etc) in really nice looking streets/ areas for 1/2 - 1/4 of the price depending on the state and city etc. However looking at what you get for 1 million here does not look appealing at all, even looking at street view they look much worse off and the streets pretty much look on par with Detroit or other similar cities. + +I'm not sure how other countries around the world compare but the U.S looks much nicer and affordable in comparison. + +Most $1million houses here don't look like somewhere you would want to live, why are people paying so much? +This is just my opinion - BUT, if I were a Hedgefund, and I wanted to position myself strategically for this Shareholder meeting, I would make it seem like I am running out of gas - let the stock get more positive vibes in social media, and have my shills make posts about how it looks like the tune is changing and hedges are running out of gas. + + +Then, as NEW apes join the battle, who are not seasoned in the dips, and as more and more people start believing that there are no more gas in the hedge machines, THEN I would launch the mother of all FUD campaigns, and drop the price as much as possible, capturing all the new apes who are more likely to react to FUD as it dips, creating a new March 10 ... + + +Be prepared for shenanigans, and most importantly, HODL! +I spend most of my time overseas. Have done for several decades now. I have a GPO box back in Oz but don't have any family who can check if for me. Gets cleared once a year at best. + +I have everything possible set to online statments. But still get fucking paper chess statments. + +Has anyone successfully set up online statements for their shareholdings. + +And if yes please share your secrets. +So I have been investing in small amounts over past few months. Few hundred a month into veqt, td, enb. But i am looking for something thats more aggressive or riskier i guess you can say. Maybe like a tech etf? I am open to lot more risk. I currently do 80% veqt and 10 td and 10 enb. I am also 23yr old. +Hi all, just a friendly warning that I was contacted by a suspected scammer promising 1000% weekly returns (I know, why not something too good to resist?) + +This person was trying to move the conversation to WhatsApp. Claiming the investment business is based in the US but refusing to provide any further details. Very sketchy. + +I'm sure 99.99% of you are savvy and safe, just a reminder to always do your due diligence... And if it sounds too good to be true... Better make a Reddit post about scammers. +I've posted many times before and have been in this state of holding forever. I'm a software engineer who wants to find a way to make money on the side. I don't mind my day job but it always would be cool to have something to do on the side that could have some upside. I've bounced around web development, SAAS, app development, and algotrading. I'm not trying to be the arrogant software engineer who thinks just because he can code he can make money on the stock market (although I was that guy ~3 years ago). I understand that these things likely take time and lots of studying, which is also why I realize I'm not sure I'll ever get there on my own. + +Algotrading might have the highest level of mastery required. What I have learned over the past 2 years is I love building systems, but have very little interest in learning about the actual finance. + +Those of you that are in my boat, have you ever teamed up with people that do know the market? One of the ideas that crossed my mind this morning, I have a decent amount of c++/C#/python code that I am sitting on. I had the idea of polishing up my 'system' and approaching it with a mindset of helping established traders quickly automate their strategies (some cases are easier than others obviously). + +What scares me about working with other traders like that however, is not really controlling my own destiny. The performance of the software really is only as good as the algorithm or market logic that is running it. Whereas in other fields as a software engineer it basically could come down to how well of an application/website I build (although I guess marketing could play a factor as well...). + +Anyways, those similar to me who have teamed up with traders in the past, how has it gone? Usually I get a lot of messages of people who think that software will make them profitable, and some real traders. Sometimes it gets frustrating because as an engineer some of these traders talk to you like you are lucky to be working with them, when in reality you are probably just as skilled in your respective field as they are if not more. + +Curious to hear if anyone has any similar experience. +**CRUCIAL UPDATE:** If my theory is correct, I will be renaming this "the theory of hank" + +**EDIT 1**: Looking similar to 1/13: low volume to start but no morning dip. Look to 10-11 for some action if we see any today. + +**EDIT 2:** ooooooo look, new format. Uncle Hank will now be updating on the top instead of the bottom. Is this new format confirmation that the squeeze is imminent? + +**EDIT 3:** Patiently waiting. Volume and price didn't pickup until a little after 10am on 1/13 and price didn't skyrocket until around 11am. So far, charts look pretty similar, nothing to tell us that it's incorrect yet. Obviously charts wont look identical, so we still need to be patient for a potential bounce. + +**EDIT 4:** Not going exactly as 1/13. Still have time tho. I've also been looking more into the FTD thing and it seems that 20-21 days after monthly expiry is when we see a jump, so tomorrow could still be in play as a jump day. + +**EDIT 5:** Not looking great. Still not giving up hope tho. Going to do more research on FTDs + +**FINAL EDIT**: Alright apes, I'm throwing in the towel. Doesn't look like my theory on early January price similarities was correct. However, I am physically unable to give up on feeding my confirmation bias. SO, I will be continuing to do research, mostly geared towards FTDs, and will report back with my findings. Quick note tho: yesterday at 5pm, Cohen tweeted a pic of TED 2, maybe we can decipher T+2 from that and pray for tomorrow or Friday but don't hold your breath. As always, stay strong, apes. + +**ONE LAST EDIT:** Apes, the more I think about it, the more important I think the FTD cycle is. Everyone talks about it but it also seems that no one fully understands it or how it affects us. Why am I saying this? I just realized that on 2/24 when we came back from the dead, the media said that was because of the announcement of the ousting of the CFO. Really???? A more than 100% jump in a few hours becuase of a CFO? When Cohen was announced as god of the board, the stock went down! I think that we really need to research this FTD cycle shit cuz I think it's deeper than any of us realize. Godspeed. + +&#x200B; + +WADDUP PRIMATES!!!!!!!!!!!!!!! Uncle Hank has returned. I am BACK and I am JACKED to the TITS. WOOOOOOOOOOOOOOOO. Yes, today is the day ~~everybody~~ I have been waiting for. No it's not moon day. Today is "HomeDepotHank69 theory come true or not day." Today, I woke up, plopped on the toilet, started blasting Lady Gaga and Megan Thee Stallion, wiped my ass with sandpaper, called the mailman to ensure he was still my wife's boyfriend, and ate the dog food that my wife's other boyfriend set out for me for breakfast today (I'm so lucky to have so many people who care about me). I will continue to make posts about this theory until I have evidence that it is incorrect (I will make a post indicating why it is wrong in that event) or when we are in tendietown. So no matter what, stay tuned for further posts in the coming days. I will also update this post and all future posts intraday. Without further adue, I present to you: Uncle Hank's GME theory day of reckoning. I am not a financial advisor and this is not financial advice. + +https://preview.redd.it/co7adgh5keu61.png?width=645&format=png&auto=webp&s=09b3539877176d0f17ebf4cbeab5043d39b7fe09 + +# Quick Summary of theory: + +**If you have been following my posts for the past few days and are already familiar with my theory, please skip to the part where I say that ur sexy as hell (you are). Also make sure to read "Hank digs deeper" to see some new information that an ape brought to my attention about FTDs which adds more credence to my theory.** + +My theory rests on extensive research that I've done about GMEs past price and volume in order to attempt to predict where GME could be going in the future. To understand this theory in full please see: + +1. [My first post](https://www.reddit.com/r/Superstonk/comments/mtf4e4/gme_magnum_opus_dd_past_present_future/) (this discusses the whole theory and has the most information) +2. [My post from Mond](https://www.reddit.com/r/Superstonk/comments/mu1esp/gme_magnum_opus_update_theory_confirmation_today/)ay (update of theory based on Monday price) +3. [My post from yesterday](https://www.reddit.com/r/Superstonk/comments/muoepo/gme_magnum_opus_theory_round_3/) (update based on yesterday's price) + +Again, if you do not read these, especially the first one, you will have absolutely no clue what I am talking about and you will be lost. To further emphasize, this is just my theory based on my research. Do not take this as fact. This could very well be a coincidence, and if I am wrong I will be sure to immediately update all of you. Make sure to do your own research and DD before making any investment decisions. + +Here is the most bare-bones general idea of my theory: Along with many other similarities between current and past time frames and volume (again see my previous posts), GME seems to be fractally repeating its price pattern. I attribute this to the shorts being in a nasty FTD cycle. Here is a chart comparing 12/28-1/8 and 4/5 - 4/16: + +https://preview.redd.it/bucdm0wdfcu61.png?width=1166&format=png&auto=webp&s=56c16140a88e86946e6459fcde6f3d8cf11b996f + +Based on this and many other past price similarities, I have deduced that GME is currently repeating its early January pattern regarding price and volume. This theory has held true based on yesterday's and the day before's price and volume (again, see previous posts). + +Here is the pattern in early January on a day view: + +https://preview.redd.it/dzzrpne3gcu61.png?width=2210&format=png&auto=webp&s=ed13f402790af6e8cbe9c74c9cd50aab28e499e1 + +Everything to the left of the red line has happened so far according to the theory. If the theory is correct, today we should see the giant green candle. Again, do not take this as fact! + +# Quick recap of Monday and Tuesday: + +If you've been following these posts, you already know that my theory has held true regarding the price action and volume of Monday and Tuesday. Again, because Tuesday was such a bland day, it doesn't confirm that the theory is correct, it simply doesn't confirm that it's incorrect. Here they are: **Monday:** + +https://preview.redd.it/b0pql3ojgcu61.png?width=2206&format=png&auto=webp&s=dac75bda372eb1ab6b905f686de9c02bd38fa6fb + +**1/11:** + +https://preview.redd.it/yw6r3t9mgcu61.png?width=2204&format=png&auto=webp&s=cea970dd7edbc481e0d94dbfe8164f8725f96363 + +**Yesterday:** + +https://preview.redd.it/i8xymui8ydu61.png?width=2018&format=png&auto=webp&s=c5c4cdfbdd398ecc683f1b2f75e7276f74de8380 + +**1/12:** + +https://preview.redd.it/w8hhmwjpgcu61.png?width=2212&format=png&auto=webp&s=0f72d37e26d4e921a921b02107e0fcdff9c44073 + +# + +# If you've already read my previous posts, start here (ur sexy as hell): + +&#x200B; + +https://preview.redd.it/i016ol54keu61.png?width=640&format=png&auto=webp&s=c7bd3b19a878229b310e8bcf7f4a75231c4477cd + +Alright, so here we are, the day of reckoning. As with any theory, if today is right, the theory is not confirmed. However, because of the sheer anomaly in price and volume that 1/13 was, if today has similar action as that day, it is a lot of confirmation that the theory may be true. As I have said before, correlations do not confirm theories, they simply don't not confirm them; however, a correlation in price and volume as much of an anomolly as 1/13 is would definitely add some serious credence. + +If the price action is not similar and the correlation is invalidated, I will make a post stating that, so no apes are left astray. So, tomorrow expect a post that is one of these two: + +https://preview.redd.it/tl0039k2hcu61.png?width=500&format=png&auto=webp&s=248a04e354c5be3012c2cf08c0e3176db32f92d4 + +https://preview.redd.it/jgwhzyv3hcu61.png?width=800&format=png&auto=webp&s=7b72dd11058eb64313cf54030b1e34aac1a369a6 + +**So, now for Today** + +The first picture is the price and volume of 1/13. The second picture is 1/13 in comparison to previous days (1/13 is immediately to the right of the red line): + +https://preview.redd.it/13c4vn9bhcu61.png?width=2214&format=png&auto=webp&s=7e3568c7b22f234ff6604f5c8941e1ff60a26947 + +https://preview.redd.it/21o8vdpghcu61.png?width=2210&format=png&auto=webp&s=dc2d058927623067bc0cb03dd682525de42a570d + +So, as you can see, today, for the theory to hold, there must be an enormous increase in both volume and price that holds, for the most part, throughout the day. Interestingly, on 1/13, there was no significant volume or price action during the premarket or directly at market open. The giant jump happened between 10-12ish in the morning. Most importantly, the price held throughout the rest of the day above VWAP and IV did not fall significantly. For the theory to be true, we should look to see a similar pattern. If the price goes up and volume goes up, I will not be convinced of this theory completely unless the increase in volume and price are monumental similar to 1/13 (i.e. a simply having a positive price and higher volume is not enough, we are looking for a huge jump in both). + +If today is similar to 1/13, then I am going to go into full tard mode with my next post because I think that today would provide confirmation that my theory could be correct. Thus, if today pans out as my theory says it should, then I will be making a GIANT DD about where GME could be going in the future based on my theory and adding some more juicy shit about FTDs below. However, if my theory does not pan out, I will be quick to let all you know. I also want to make it clear that if today comes true, IT IS NOT THE MOON, not even close. Today is simply a small step towards the moon. Today is HomeDepotHank69 theory come true or not day, not GME moon day. For context, here is 1/13 on a day scale compared to the first squeeze: + +https://preview.redd.it/ijq9zigkicu61.png?width=530&format=png&auto=webp&s=b90f03ca336761b96a6ef6bdcd212099df495ef4 + +Again, this is just a theory, do not take it as fact, and I will be sure to update this continually and say if I believe the theory has been disproven. If this does come true, however, I'd suggest buying vaseline or some form of lotion immediately because I will be buying the entire world's supply of it as I make my most extensive DD yet based on this theory. As always, I am not a financial advisor, and this is not financial advice. Stay strong, apes. **REMEMBER TO SEE "HANK DIGS DEEPER" BELOW.** + +**Random note from Hank:** + +As a holder whose calls have taken an absolute beating recently from sideways/down movement and IV crushes, I often find myself doubting if GME will go up again, as I'm sure many of you have. However, I always think about 3 things. First, DFV doubled down recently. Second, I didn't even think that the rise after the first squeeze was possible but it happened and since then GME has done WAYYYYYY more to justify a higher price. Third, all of the original apes who bought GME below $20 before the media storm and widespread reddit support held in the face of more FUD than we've ever experienced. THese sentiments keep my hands diamond. Godspeed, apes. + +# HANK DIGS DEEPER + +https://preview.redd.it/bax5cdz8ofu61.png?width=1024&format=png&auto=webp&s=ece25aedb793c70bef49a235aee8113bbe887fe4 + +**FTD Cycle adding to my theory** + +Apes, as I said yesterday, if this theory is correct (again don't take it as fact), then I will be making an autist level 4billion DD about my theory, where we are going, and some more goodies. But for now, here is some more information that I have gathered to backup my theory. + +In yesterday's post u/nuulss made an excellent comment where he mentioned that tomorrow was 21 days after the march monthly options expire (the March option prediction/theory is from pixel). In his comment, this user called it T+21, which got me thinking ALOT. A few weeks/months ago I read a god-tier DD about the FTD squeeze. Sadly I couldn't find it. Apes, I shit you not when I say I scoured reddit for over an hour looking for this one fucking website and I found it. So please, please read this link because this is some of the best DD that I have ever seen in my life and you will definitely learn something from it. + +[https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf](https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf) + +The reason why u/nuulss comment got me so interested is because my original thesis is that GME repeats its patterns because of this FTD cycle. Before seeing this comment, I tried to find some similarities between price jumps and falls (as in how many days are in between them), but I couldn't find anything. WELL, thanks to this user, some more light has been shed on that. If my theory is confirmed tomorrow, I will be doing an extensive DD covering this topic, but for now I'll just give you a small glimpse. + +Ok, so first here is SEC regulation SHO, which discusses shorting, naked shorting, and FTDs: + +[https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm) + +Essentially, what I've gathered from this about FTDs is that brokers/MMs have a certain number of days to resolve a FTD (which they can do with another borrowed share, which is why we're in this mess). The key numbers are T+2, T+3, T+5, T+6, T+13. T refers to the day you executed, so just think of it as day you shorted + x days later. There are certain exceptions for market making activity as well, which I am having trouble understanding (ape brain lmao). However, the comment was about T+21, which I have not seen anything about. If anyone has information on this please let me know (but please don't just add 13+6+2 and say "LoOk uNcLe HaNk i sOlVeD tHe PuZzLe"). Again, this is just a rough outline of the theory that I will probably post about in the future. + +Here are the expiration dates for recent monthly options (using monthly becuase they have the most volume and OI). Here the date is T + X where X is the number of days after T. I looked at each of these dates on the daily chart and counted how many days until there was a SIGNIFICANT spike. Here are my findings. Again, this is only preliminary and I will most likely be making a much more expansive DD about this in the future: + +Sept. 18th **+ 13 days** later = spike from $9 to $13 in a single day + +Oct. 16th **+ 21 days** later = spike from about 10.50 to 12.50 and then a runup the next few days + +Nov. 20th **+ 21 days** later = spike from 16 to 20 in a single day + +Dec. 18th **+ 21 days** later = spike from 40ish to 65ish in a single day + +Jan. 15th - you can't really find one here because of the squeeze, but I'm guessing that this played a big role in increasing the height of the squeeze. I'll do more research on this in my later DD. + +Feb. 19th **+ 13 days** later = the day in march we saw it get all the way up to $350 + +Mar. 19th **+ 21 days** = LITERALLY TODAY + +When I saw this my jaw dropped. Every single jump is either T + 21 or T+13. 13 makes perfect sense as per the DD I linked above, but I don't understand the 21 days thing and it's not like 21 days is an anomaly, it's on there every time except for 2 times. Anther T to keep in mind is 26. Why? MM have 13 days to deliver but can deliver with a loaned share or synthetic long (maybe, not sure about that last one), so 13 + 13 = 26. I haven't looked deep enough to see if 26 is significant but will update if I do. + +Thanks again to u/nuulss for pointing this out because I personally think that it's huge. Even if my prediction about price being similar is dead wrong, I will be looking into the FTD cycle as this could give us a good understanding of what days are the best to buy. We already know what days are the best days to hodl, EVERYDAY. As I said before this is just me scratching the surface. I will dig very deep tomorrow if my prediction comes true. Well, let's face it, I'm addicted to this shit and will be digging deeper regardless. + +So, if anyone can find any more connections from the settlement dates in that DD to the past price action of GME, I would love to hear your thoughts. My posts usually get a lot of comments, so I would encourage you to message me if you have something serious. Godspeed, apes. I am not a financial advisor and this is not financial advice. + +I will be updating this as much as possible today. + +&#x200B; +Like many of you, I thought that sometime soon our 10 year long bull market must end. I began hoarding cash anticipating a drop and a recession that could last years and depress stock prices. + +Until I sat in one of my classes and my professor, a CMT, brought up an interesting point: we might only be at the start of the bull market. He brought up the classic SPX chart showing the enormous returns ever since the '08 recession. Then he brought out other indices such as the Russell 2000 (IWM) and various Emerging Market ETFs (VEA, IEFA, AIA, etc.) and pointed out an oddity: Between 2018 and March 2020, these markets have been stagnant/flat, essentially trading within a range. He explained that while growth in the S&P might have been great the last few years, practically the rest of the world lagged behind. + +Basically his point was this: now that all of these other indices/stocks are joining the rally after being stagnant for years, the real bull market is just beginning. + +Of course, he and I could easily be wrong. But I was interested in finding out your thoughts on this, what do you guys think? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’m 22 and been away from college for 2 years now. I’m technically a freshman. Everyone I know has fully graduated by now and it’s killing me. I feel like such an outcast and a failure. + +How are they doing it??? Just taking out big loans and hoping for the best? Won’t they get screwed over? + +I want to go back. SO badly. But I still have 3k in loans right now. The loans are so hard to pay off. +Scenario: + +* 5 crore capital available +* Investments will not be withdrawn for 15 years + +Option 1: Buy Nifty 50 Index Fund via SIP (e.g. 20 lac / month) + +Pros: No maintenance / effort required apart from SIP setup. + +Cons: Have to pay expense fee (expense ratio) every year. + +&#x200B; + +Option 2: Buy stocks corresponding to Nifty 50 Index (e.g. 20 lac / month). Yearly re-balance. + +Pros: One time cost during stock purchase, and yearly rebalance. Yearly DP charge. Considering all the charges for 15 years, the total expense on Index Fund would be more than buying Stocks (It has to be! AMC must have the same cost of buying/maintaining stock and then charging expense ratio on top of it) + +Cons: Have to manually rebalance every year. + +&#x200B; + +Based on the above I was inclined to go for stocks, but then I realised I missed one important aspect: Dividends. + +I see the current Nifty 50 dividend yield is around 1.4%. +For someone in 30% tax bracket this means 1.4 \* .3 = 0.42% expense as tax (for dividend) every year. This is higher than the expense ratio for the Nifty 50 index fund. + +I read on Value Research website that AMCs don't have to pay tax on dividends that they receive from the stocks they own as part of the fund. + +Based on the above, it seems like Index Fund is the way to go (if you are in 30% tax bracket) + +Is the above analysis accurate? +\*Obligatory - I am not a financial advisor and this is not financial advice. The information below is what I have discovered from my own studies. All investors must do their own due diligence and come to their own conclusions. + +**TL;DR** This post is a summary of the ongoing liquidity crisis at the NSCC, how an *idiosyncratic security* (GME) is wreaking havoc on the clearing funds backtesting, and some rules I believe the NSCC has implemented (or is trying to implement) to cover their own butt. + +Now they’ve submitted a new proposed rule, NSCC-2022-006 which states that it is making very minor changes to it’s Stress Testing & Liquidity Risk Management Frameworks, but the NSCC fails to provide half of the proposed rule by redacting the actual changes they are attempting to make. WTF + +# Summary of Original Post + +In [The NSCC Liquidity Crisis & An 'Idiosyncratic' Security](https://www.reddit.com/r/Superstonk/comments/t8mujx/the_nscc_liquidity_crisis_an_idiosyncratic/?utm_source=share&utm_medium=web2x&context=3) we explored that the NSCC didn’t have enough capital on hand to cover the potential default of its largest member (or member family) 5 times from **Q1 – Q3 2021**. This had never happened before **Q1 2021**. + +The NSCC was exposed to a $40.7B hypothetical loss had the “worst-case” scenario came to be in **Q1 2021**, which is $591M more than they had set aside to cover the bets of their largest member. Ruh-roh. This is known as it’s “Cover One” obligation and it is a requirement to have a high degree of certainty that this capital is available at all times. + +The NSCC was caught short of this requirement twice in **June of 2021** ($1.02B and $5.1B shortfalls) and listed, ***Russell Indices Reconstitution activities*** *and options expiration dates* as the main reasons for the shortfall, **during the same time GME was moved from the Russell 2000 to the Russell 1000.** + +All the while, an *idiosyncratic* or *concentrated security* has been wreaking havoc on the Clearing Funds backtesting (the ability to liquidate the portfolio of a member in 3 days’ time) every quarter of 2021. An *idiosyncratic* or *concentrated security* had never been mentioned before Q1-2021. I wonder what that security might be? + +The approval of NSCC-2021-005 on **8/11/21** (with implementation within 20 days) caused every member to increase their Required Fund Deposit from $10,000 to $250,000. This rule gave the NSCC a nice liquidity injection and closed the gap on the agency’s clearing fund shortfalls, but it still wasn’t enough to completely cover the shortfall in **Q3-2021** ($32.7M - September). + +I then went on to explain why I believe proposed NSCC-2021-016 is attempting to increase member capital requirements by insane amounts so the NCSS has enough liquid capital to cover EVEN HIGHER bets by its largest member, and they’re making smaller broker/dealers’ foot the bill, or be driven out of the market by not being able to afford the requirements within the proposed rule. + +# Q4 2021 NSCC Quantitative Disclosure + +Since that time, the [Q4 Disclosures](https://www.dtcc.com/legal/policy-and-compliance) came out which shows they used another new rule, [NSCC-2021-002](https://www.sec.gov/rules/sro/nscc/nsccarchive/nsccarchive2021.htm#SR-NSCC-2021-002), 5 times in **Q4-2021** to prevent more shortfalls. This rule allowed the NSCC to pull payments (Supplemental Liquidity Deposits) from members in the event they are likely short of their obligation. **Had this rule not been passed last year, we may have seen the NSCC be short to cover the potential default of its largest member 10 fucking times last year.** That’s a lot. + +Visual representation: + +https://preview.redd.it/ggzexn8o3g291.png?width=587&format=png&auto=webp&s=5fe943b98ccdbd03d442924552e0b9ac21d4eeb6 + +# NSCC-2022-006 + +As we’ve seen for quite some time, the DTCC subsidiaries have been submitting some rules which do not benefit retail. Individuals have spoken out against these proposed rules and even caused some of them to be pulled ([NSCC-2021-010](https://www.reddit.com/r/Superstonk/comments/ttsm7v/your_voices_were_heard_nscc2021010_withdrawn_see/?utm_source=share&utm_medium=web2x&context=3) as an example). + +On that note, the NSCC just submitted another rule proposal, [NSCC-2022-006](https://www.dtcc.com/legal/sec-rule-filings), which is attempting to “amend the Clearing Agency **Stress Testing Framework** (Market Risk) (“ST Framework”) and **the Clearing Agency Liquidity Risk Management Framework** (“LRM Framework,””... + +Oh, so now they’re looking to amend their stress testing framework and methodology? This is the same information we've been covering in this post... What coincidental timing. It feels like anytime these self-regulatory organizations, ratings agencies, or Federal Reserve systems don’t like the results of their methodologies, they change them to paint a rosier picture, but that’s a story for a different day. + +I’ve read quite a bit of the rule, and on surface level, it reads okay, but it also seems like they’re not giving the full story. Pages 17 – 41 are basically just a repeat of the general changes listed in pages 1 – 16 (but double spaced) and pages 42 through 85 are redacted… More than half the document. I wonder why? + +Here are the **omitted items:** + +· Liquidity Risk Tolerance Statement (sample). + +· Clearing Agency Stress Testing Framework (Market Risk) (marked). + +· Clearing Agency Liquidity Risk Management Framework (marked). + +How is anyone other than the DTCC and the SEC supposed to have any input on a rule change that omits the actual changes it is planning to make? How is anyone supposed to leave any educated comment on a proposed rule that has half of the document missing? And what appears to be the most important half at that? + +I encourage all individual investors to read the rule proposal, and keep an eye out for upcoming comments (and comment period) on the proposed rule so that way you can educate yourself and decide if you should leave a comment regarding this rule. I see no transparency in this proposal as the documents which are being modified are not provided. + +The U.S. needs markets that operate with transparency, not in the dark. + +Tanks fo reedin + +Edit: Grammatical +Hey SuperStonk, +Long story short I got a few apple cider margaritas deep & like to talk. Initially it started with macro economics & the friday bloodbath around the market. Progressed into MSM manipulation & settled down on the ingenious naming of “meme stock,” how this name was given to discount the legitimacy of our stock & its fundamentals. + +Anyways my dad brought up how GME happened in January (they know I was invested then) & asked deeper about why. + +Went on a rant starting with January sneeze, then leading into SECs report on it, into DDs such as House of Cards, Emperor has No Clothes, etc. + +As of market open on Monday, my parents decided to put in enough to become xxx holders. And it was made extremely clear, no financial advice or pressure was given. They decided it was a worth while investment on their own accord. + +For those wondering: yes these will be bought via CS. + +I believe there’s many other instances like my own & we will see a new wave of boomer apes. + +TLDR; parents decided to invest xxx shares via ComputerShare after my drunken Thanksgiving dinner rant. +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 went to do an ERC20 withdrawal. I was pissed about the fee being $8, but whatever, is what it is. + +Then I go and check the transaction on Etherscan, and it turns out binance set the gas price to **90gwei**. The network fee for the ERC20 transfer is going to be like $4. Network gas price right now is about 2 gwei. Completely unacceptable. + +I'm not using Binance until they get this straightened out. + +Edit: yeah I know binance isn't actually run by idiots, its just a little hyperbolic speech combined with frustration. +Hello Guys!! + +As the market is down by 10-15% today. +As trading comes with its own risk nearly $740M got liquidated in 24 hours. + +In the past 24 hours , 200k traders were liquidated. + + +* BTC : $255M +* ETH: $187M +* LTC: $23M +* SOL: $23M +* DOT: $21M +* XRP: $18M +* DOGE: $16M +* ADA: $11M + +This dip might cause huge loss to the bulls. If you were one of them I am sorry for your loss. Keep your hopes high and be careful with your next step. +If you are new to the crypto it is best to avoid trading and buy & hodl the coin. + + +#Update: Now its $874M in 24 hours + +Edit: + +Exchange Liquidation + +* Binance: 328M +* Okex: 204M +* FTX: 141M +* Bybit: 68M +* Huobi: 43M +* Deribit: 39M +* Bitmex: 36M + + +Source: coinglass + +https://www.forbes.com/sites/sarahhansen/2021/02/27/house-passes-bidens-19-trillion-stimulus-bill/amp/?utm_campaign=forbes&utm_source=twitter&utm_medium=social&utm_term=Gordie&__twitter_impression=true&s=09 +I have no idea what to do. I feel completely dysfunctional and disorganized. My entire life feel like a PTSD fueled joke (or nightmare). I desperately need work or some sort of income stream to escape this hellish condition. But I do not feel mentally capable at the moment (the trap). + +I will break down my life into a few smaller sections to summarize how absolutely screwed I am: + +* Early ages, frequent stays at "daycare" centers and having horrifying reactions + +* At age 6, moderate to severe brain injury from tripping into a large brick surface at full running speed (no hospital trip) + +* At age 8 to 10, I spend two years in a hotel after mold is discovered in a new home we moved into. My weight goes from something like 110 pounds to 180+ pounds. I was around 5 foot tall. My "new" home becomes a hoarding and toxic nightmare fueled with my parents' crazy behavior. + +Most of my early pre-teen and teenage years were trying to recover from the big three points mentioned previously. Food, porn, video games, and school grades were my ways to cope and avoid thinking about my past self. + +I avoided women, I avoided friends, I avoided thinking. I felt trapped either in my addictions (porn, food, video games, school/grades) or my compliance (agreeing with teachers/parents/higher authority). + +I was NOT mentally or emotionally ready in a healthy consenting way for college. I was financially and emotionally manipulated compounded with a learned helpless response to just continue a grind for the sake of a grind. + +Until I tried to kill myself. + + +Anyways, the past is the past. But it has crippled me. I feel completely defeated. I could not even kill myself properly (which lead to the TBI). + +Things I have never experienced and most likely never get to experience: + +* Moving out of this shit hole environment my parents' call a "home" + +* Dating + +* Getting a job that is not fast food or the like + + +I can only do intensive, thoughtful tasks, in bursts. Symptoms of the TBI include irritability, lack of impulse control, ringing of my ears, cognitive decline, and constant headaches. + +What advice, if any, do you have for my situation? + + + +Just thinking about this makes me smile. This sub deciphering RC's tweet and possible meaning has been a highlight for me this year. So many theories! One thing is sure though, RC lurks here, all the time. He's talking to us in our own ape language, something MSM and shills always fail to do. And what has he been saying lately? + +\- It takes money to **BUY** whiskey + +\- What to do, **HOLD** or HODL? + +\- **D**r. **R**uth **S**ex for dummies + +BUY. HOLD. DRS. It's all there. Then again you all know this already! +> The U.S. Air Force announced on Monday an additional deficiency in the KC-46 Pegasus aerial fuel system built by Boeing (BA.N), classifying it at the Category I level, meaning it is a major technical issue that may endanger the aircrew and aircraft. + +> Boeing is contractually obligated to remedy the deficiency at no additional cost to the government, the Air Force said in a statement. +There are movements happening all over the Market 24 hours... more volume and Volatility than there ever has been. + + I Love **Bollinger Bands**... google it if you want to know more, Im not your Mom! + +There is a massive incoming upward push on **GME** *(yeah yeah you all know ... already)* + +This is confirmation... that last prickling doubt telling you maybe it wont work?.. what happens if? + +Well it will...and it is... and if your reading this your probably knee deep in shit and paddling like a toddler in a ball pool like the rest of us anyway. + +The Only Shorts that got covered, Were Ken's shorts ..when the first squeeze happened. + +Those stains are never washing out! + +Using the Bollinger Daily chart mapping, you see the RED High average, YELLOW is median and green is low average. + +Most stock follows close to yellow tips up to red and bubbles *(lines are separated and loose like a balloon)* and then falls, when it hits green it either falls to Oblivion or bounces upwards like fat kid riding a space hopper on a trampoline. + +&#x200B; + +https://preview.redd.it/mga2n69drny61.jpg?width=1033&format=pjpg&auto=webp&s=8a5c475f55a5cb2f14d16aa21fdb4f6d582cd0b3 + +**GME** Long game you see the corridor on the left post January breaking out of this choke point riding the red and dropping, typical squeeze pattern.. + +The bands tighten in March and again rides the red and falls another squeeze. Then the new corridor forms just like post January getting tighter as days go on. What happens here is it rides the yellow and tips the red over and over until something changes. + +&#x200B; + +https://preview.redd.it/wb92zhxfrny61.jpg?width=1079&format=pjpg&auto=webp&s=f9494a209b7b0269f027fc390d8c1e8708a8f3df + +And it has! its now hitting the green band, This means two things, the stock is dead or the stock is about to take a huge upshot, and this stock is not DEAD! ... + + you can look back and Chart this yourself on any stock and **GME AMC** etc to see the Highs and Falls. + +&#x200B; + +https://preview.redd.it/eurj054lrny61.jpg?width=1066&format=pjpg&auto=webp&s=9552a5f6cf5b176f69b2cca860767cf1320df4e0 + +Here is **ADA** recent Jump hitting the green after a long battle of RED and Yellow and SHAZAAM its heading up. + +&#x200B; + +https://preview.redd.it/imnok4inrny61.jpg?width=1080&format=pjpg&auto=webp&s=ba6487a73201fb99bdb2c71506a1f8630001ede3 + +**NRGU** Recent, Stalemate locked into red and yellow foreplay until some one tickles the green and WOOSH. it happened just previous to this too but my cropping skills are as + +&#x200B; + +https://preview.redd.it/vwc87a2qrny61.jpg?width=1080&format=pjpg&auto=webp&s=8ad219ec2a7be8ddfc6a6beee05d7ec262e0cb0e + +AMC are heading the same way as GME, but it seems they are slightly out of sync almost like an echo... maybe a possibility to **MOAS GME** and then **MOAS AMC** after.. maybe would need better timing data, But this is it. + + I don't think this will happen again on this scale, not in our lifetimes especially not mine I'm old, my Eldest son is writing this post as I rant and rave from my **Comfy** chair sipping Whiskey. + +Helmets on, Keep Your eye on the sky and See you on the **Darkside!** + +\*\*EDIT\*\* + + Reposted and Reformatted due to the fact I'm old and still think the Internet has a dial tone + +Charts above are mapped on Etoro because **BullTRade** and **HL** Charts are hard to show you...too much dead info Criss Crossing and scribbles around it looks like the inside of a serial killers Cell. + +**Helmets on, Keep Your eye on the sky and See you on the Darkside!** +So roundhill has a new Metaverse etf. It includes the top 10 Meta companies. Is it worth to imvest this etf or is it just a hype??. Right now is still cheap ($16) +I frequently see ETFs that are new and affordable The Franklin Templeton group or Tuttle capital for example. + +As somebody who is never put a dollar into a new ETF, What are some warning signs it’s a trap? +I'm looking at several markets right now and its amazing how fast the prices are jumping and have been for several years. I keep reading how millenials are broke and covered in student loan debt, and that the US middle class is dying - so who is buying all these properties across the country? +My husband and I made it to the 1M mark a few months ago. We updated our net worth yesterday and we are already at 1.15 M. It seems really fast. How long did it take for you to get from 1M to 2M. Our income is around 200,000 a year but we only have 50 to 60,000 worth of expenses a year. +Im a 29 year old female. Recently ended a 6 year relationship. I have 90k in savings. I'm an independent contractor and can make 10-15k a month from a business perspective (I still havnt figured out how much to pay myself). + +I have no kids. Havnt traveled or lived much life. Have looked into van/rv life (I kind of want to do this for 1-3 months). I tried buying a place back in december with my ex but was priced out of the market. + +I still live in my family home with 1 other family member. Family dynamics are not the greatest, a lot of codependency and toxic energy. I feel that I need to leave, create my own environment for further personal growth to happen. But at the same time I'm very aware of the economy and the current housing market. + +I'm a frugal person so spending is difficult for me. Spending on myself is also new so whether I travel, buy or rent they are all relatively big financial decisions for me. + +Not to sure what to do with my current savings. And as I mentioned previously I'm not sure how much to pay myself from my business accounts (also should I pay myself via payroll or divididens? - im in Canada). + +With all this being said, what is the most financially smart decision? +I will keep the background short and sweet: wife has 40k left in student loans and currently has a taxable brokerage that has appreciated to 40k. She currently pays 2x her minimum payment per month (400+400 towards principal). I have always recommended to keep her money invested in index funds rather that payoff the student loans (at 5.2%) since the market on average returns more. BUT at this point I think the market is pretty overheated so I my mind is exploring just cashing out and applying to the loans to become debt free..... Then start building the brokerage account back up. Curious what the groups thoughts are on this dilemma? +Granted, I could be very wrong, as I'm very new to the game. + +But from watching a ton of videos showing how various indicators predict price direction, 100% of them do the following: + +"Hey, let's look at this EMA line. You see how the price broke through it and continues to ride above it? That means it's trending up and it's probably a good time to buy. Now see how it quickly dipped below the EMA line and is now consistently below it? That means the EMA line became the new resistance." + +Uhhhh ok... so we're just gonna gloss over the "dipped below the EMA" part? If the price can just randomly dip below that EMA at any point, then what the hell is the point of all this? It's like saying "to run without falling, just keep running, and when you fall that means you fell." ...Great. + +I see them do the same shit with all the different "indicators." +After recently joining the Musk family, Baby Floki is now a part of the BSC community as well with an epic fair launch that took place 2 weeks ago! + +Backed by an experienced dev team and equipped with unique tokenomics, Baby Floki aims to take the crypto world by storm. Join the telegram group now and be part of the community! + +✅ A detailed long-term marketing plan has already been prepared and is being strategically implemented for maximum effect. Plans include Poocoin and Coinsniper ads, Coinhunt promo, crypto influencer tweets, ads on crypto and other financial websites and much more! + +🎥 Torin Hoffman just reviewed the coin, in addition to several other Youtubers + +📰 Huge billboard ad went live last week right next to Space X HQ in California! A second billboard is going to be up on Times Square this Wednesday! + +🦎 Just got listed on CG, CMC listing is imminent + +📝 Contract was recently audited. Baby Floki is now certified by Nexus Solidity! + +🖼 BabyFlokiWorld NFT and Merchandise coming up in phase 4 of the roadmap! + +⚙️Tokenomics: 2% $DOGE Rewards for all holders, 5% Liquidity and 6% Marketing for buys. While for sells, there is an extra 2% going to rewards, raising it to 4% + +🔒 Liquidity is locked for 1 year. Moreover, additionally generated liquidity from transactions is sent to an inaccessible burn address. + +&#x200B; + +Telegram: [https://t.me/thebabyfloki](https://t.me/thebabyfloki) + +Website: [https://www.babyfloki.info/](https://www.babyfloki.info/) + +Contract: 0x71e80e96af604afc23ca2aed4c1c7466db6dd0c4 +This is based on data provided at [https://nifty-pe-ratio.com/](https://nifty-pe-ratio.com/) + +This might mean prices are good enough already to invest specially for Nifty Index investors. Please feel free to refute this. + +EDIT: Please keep in mind that the earnings will take a hit so this PE is expected to increase once the new earnings come. +The sensible thing to do in my position is to sell and enjoy some substantial profits, not life changing, but enough to buy a nice average car for example. + +Stubborn me refuses to sell as I’d hate to think how I’d feel if I looked at prices in the future and realised I could have paid off my mortgage. So to sum up I’d rather lose it all than sell and miss out on mega profits. It’s rather stupid thinking. + I’ve recently been doing digging after hearing from an Ape that a corporate lawyer he knows told him that a HF's client's contract can become null and void if the client believes the HF managing their funds will be investigated (meaning clients can request withdrawal of their money, and although the process takes time, it could be opening the door to early withdrawals). This would explain why Citadel came out of the rabbit hole with all the tweets and threats of litigation for flying banners. + +I couldn't verify this information myself, as not all contracts are the same, but I took a few law classes in the past, and I know that a contract becomes null and void when one party is engaging in criminal acts under the contract. + +In this instance, there could be a clause in the contract that allows the investor the right to get back his funds (declare the contract null and void) if he/she has reason to believe the HF in question is under criminal investigation. + +However, Ape u/87CSD said something that I wanted to highlight: + +A larger excerpt of his comment: + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +"Contract specialist here... + +Contracts can be found to be  completely null and void for a few reasons. Examples - It is not enforceable, or within it there's a mistake, misrepresentation, or fraud (i'll get to this in a second), OR if one party had undue influence or experienced duress vs the other party, or if one party was not legally fit to form a contract aka lacked capacity (underage, not mentally fit). + +Back to the fraud part above - This would only be applicable if the HF and client's contract explicitly state that the HF was going to make the client money by commuting a particular fraud (ie Ima make you $10mill this year by creating a fake company to bilk others out of money) OR if in the case of shitadel they are found to have been conducting fraudulent activities which is most likely the case, BUT... It would have to be proven in court. These clients can't just be like "Well I saw an airplane banner or superstonk said you're a crook Kenny! I'm out". It's not that easy (yet) and could easily get messy considering Ken seems to be threatening to sue anyone and everyone for anything lately. + +OK so Ken's clients can't just pull their money out so easily yet, so what other options do they have if they want his money before he ends up in jail and loses every penny to us apes? + +Exit clauses within a legally binding contract. It all depends on the wording within the contract in regards to exit clauses or terms / lengths. There's most likely several different clauses within their contracts to allow for the SHF (Ken) and the client to part ways. Examples - there may be a certain time frame notice required to leave (with or without penalty), there may be a mutually beneficial clause (if both agree it's in both their best interest to cut ties), there may be a performance clause (where if you don't make me $x or don't at least track with the Dow, I can leave), etc. + +So what clauses are most likely to exist in these contracts? **It would all depend on the relationship between Ken and these clients - who has the bargaining power? If it's a fucking massive whale with billions? Most likely them. If Ken wants their money badly enough he'll allow for any # of client exit clauses (still most likely will have some time element in there though (ie 30 days notice).** If it's a small fish with a couple milly, most likely Ken. He'll be able to lock these people in for as long as he wants." + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +The part in bold made me think. Look at all the attention we've brought against Citadel recently: + +https://preview.redd.it/u871v51qlvq71.jpg?width=1079&format=pjpg&auto=webp&s=d23630a73dc3fc9e627f82efc61a7d4a5ba71f1e + +Reports of SEC investigations into Citadel, #1 trending on social media, plane banners with "Citadel Scandal" written on them flying around the SEC building, Kenny perjuring himself in front of Congress, with all those representatives being alerted by Apes. + +Imagine you were a wealthy aristocrat with a billion or two, or even a few hundred million in Citadel Securities, and you're seeing a massive movement exposing corruption against Citadel trending worldwide? You might also look into recent Citadel activity and see how overleveraged and close to bankruptcy Citadel is when they get margin called and liquidated like Melvin. What would you do? Well, you'd probably start acting a little like the investors at Evergrande wanting their money back before the ship sinks, wouldn't you? + +And if Kenny boy really wanted your money in the past, so much so that he left you a bunch of exit clauses in the contract, as the contract specialist Ape mentioned, well, it would be relatively easy to pull out your $500 million or $1 billion or so, especially since you have the money to hire the lawyers to do so. + +You get a few of those guys pulling out, what happens? Kenny loses collateral on the other side, too. So, not only is he getting fucked with DRS, but now his own investors are pulling out and he's losing the leverage required to continue to create synthetics and sustain his short positions. + +This could very well explain why he's panicking, and now, 9 months since Citadel last tweeted, they're bombarding their Twitter with tweets all of a sudden. + +This is also a sign that people want out. If everything was normal over there, they wouldn't have been making 7 tweets in 10 minutes, deflecting blame, and taking the time to have lawyers write letters threatening to sue Apes. + +It looks to me that people are jumping the sinking ship, and with the float getting closer and closer to getting locked up via ComputerShare, along with these recent revelations, it's safe to say that shit is getting real spicy going forward. + +TL;DR: Some whales with lenient exit clauses in their contracts may be pulling out of Citadel, and now Kenny is panicking like you've never seen before, losing money from not just Apes, but some of his own whale investors that are coming to realize they don't want to be known as the blokes that lost their investments to a criminal hedge fund that sunk into insolvency. + +TA;DR: Hedgies = mega fucked. Stinky banana getting shoved through both holes of Hedgie. Hedgie can't cope. +The perfect storm is brewing for Aion to become a leader in the crypto space: + +&nbsp; + +**1. AIONEX, EDCON & CONSENSUS 2018** conferences have introduced AION to more people, developers & institutional investors than ever before. Matthew Spoke's **[performance on Consensus Interoperability Panel](https://youtu.be/Yb5l5TxxqYY) with Ripple, Polkadot & Litecoin** [left everlasting reactions](https://youtu.be/m9w7GaSOwa4?t=1m50s) & received the only applauses at the end of the Interoperability Panel. + +**[AION's inaugural Dev conference AIONEX](https://youtu.be/xabjAh9tcl4)** at Toronto on May 02, had **650 attendees**. This is a record unseen by any other crypto's inaugural dev conference to date, compared to just [40 attendees at 1st Ethereum Devcon in 2014. And if Devcon grew to 350 attendees in 2015](https://news.bitcoin.com/ethereum-enthusiasm-devcon-interview-hudson-jameson), it's not hard to see that the next AION Dev conference attendance will be in the thousands. + +&nbsp; + +**2. Token Swap** from [Aion ERC-20 to native Aion coins](https://i.imgur.com/L77k7Zk.png) will soon be announced. The **[ETH-AION cross-chain bridge is already built & was showcased live on stage at AIONEX & EDCON](https://youtu.be/9RpXFt1wbe4)**, so it's only a matter of time before it's released. + +&nbsp; + +**3. US, Korean & Chinese exchanges** are clearly waiting for the Token Swap to take place before they list native Aion coins rather than Aion ERC-20 tokens, they don't want to painstakingly swap ERC-20 tokens themselves as seen in ICON's token swap delay that's taking exchanges about 2-months & still not accomplished. + +&nbsp; + +**4. AION team has grown to [60 in-house team members](https://i.imgur.com/YJr8E6O.jpg)** in 4 different Aion offices in North America, Europe & Asia and plan to grow to 100 people by EOY. This is extremely rare in the crypto space & can only be compared to less than half a dozen of massive platform projects like CARDANO & EOS. + +&nbsp; + +**Aion GitHub** activity is continuously ranked in top 10 platforms on **[Darpal Rating](https://medium.com/darpalrating/darpalrating-github-audit-for-200-blockchain-projects-march-2018-3c6b839abdaa)** and **[CryptoMiso](https://cryptomiso.com/months_3.html)**. Github activity, along with commits quality, are important metrics that get overlooked all the time when people compare Aion to other projects based on number of telegram users. Ethereum & Neo never even had telegram... **Fat Protocol Ecosystems are not built by telegram hype but rather by worldwide Dev meetups & armies of developers that can build or contribute something that can change the world.** + +&nbsp; + +**5. AION PR & Marketing** are shifting into high gears now that the Mainnet is live. AIONEX, EDCON & CONSENSUS 2018 have put AION on the radar of the media. Matt Spoke is slowly becoming crypto's poster boy as seen on **[RBC's Disruptors Panel](https://youtu.be/M_TntY4n-QY)**. It's only a matter of time before the mainstream media finds out about AION. + +&nbsp; + +**6. AION is introducing Real Technological Break-throughs with the [first Cross-Chain bridge](https://youtu.be/9RpXFt1wbe4)** that completely moves tokens seamlessly between different blockchains using the Burn/Mint mechanism, unlike all Dapp platform projects since Ethereum that are still simple blockchain 2.0 platforms with no cross-chain capability or Atomic Swap projects that only transfer value between chains, but come with major limitations. + +&nbsp; + +Another important point that gets forgotten in the **Aion vs other interoperability projects** is that Aion is all these **[3 things at the same time](https://youtu.be/WEhsgldkE80?t=4m24s)**: + +* **I. Dapp platform with its own Virtual Machine** + +* **II. Router that transfers value & logic between networks:** + + **. IF THIS** happens on blockchain A + + **. THEN THAT** should happen on blockchain B + +* **III. Framework for Spoke chains that can scale infinitely to achieve unlimited TPS** (This will slowly render current single-chain scaling solutions futile & will put an end to their TPS arms race, as Dapps will want to scale & become interoperable & accessible to users of any network rather than isolated within one single blockchain) + +&nbsp; + +AION is increasingly recognized as the leader of Interoperability **—the holy grail of blockchain tech—** that will solve scalability, privacy & isolation issues to unlock the true potential of Distributed Ledger Technologies. ***"This is the internet, decentralized."*** + +&nbsp; + +**7. METCALFE’s LAW** states that the value of a network is proportional to the square of the number of connected users of the system (n2). [This was proven repeatedly in the growth patterns of fat protocols like Bitcoin, Ethereum, Neo](https://www.sciencedirect.com/science/article/pii/S1567422317300480). Metcalfe’s Law favors interoperability projects even more, because **[Aion native tokens have utility](https://i.imgur.com/hqdppuf.jpg) far [beyond the main Aion-1 blockchain](https://i.imgur.com/ryLA7Yc.jpg)**: + +* Main Aion-1 blockchain + +* Inter-chain transactions on all bridges + +* Interoperable Dapps *(Dapps that are accessible to users of any network)* + +* Participating blockchains + +&nbsp; + +**8. Major AION Partners & Clients** like **Deloitte, TMX group (Canada's largest stock exchange), [Moog Space & Defense Group](https://www.financemagnates.com/cryptocurrency/innovation/us-defence-contractor-moog-integrate-aions-blockchain), Vodafone, TD Bank, etc...** are slowly [moving their blockchain infrastructure to AION blockchain as they announced at AIONEX conference](https://youtu.be/tfR7aixh1MM). This is taking place & growing the AION ecosystem while other Dapp platforms are rushing to parade their new Dapp ICOs that have little to no legitimate need for blockchain tech in the first place, but were rushed to launch ICOs to simply boast their Dapp numbers & suck more ICO funds from unsuspecting investors. + +&nbsp; + +**9. Future Partnerships** will be relatively easy for AION to acquire given AION team's role as a **[founding board member of the Ethereum Enterprise Alliance](https://i.imgur.com/uQOEm4o.jpg)**, with the likes of Microsoft, Intel & JP Morgan (not just a regular EEA member like most other crypto projects) & the [Blockchain Research Institute](https://www.blockchainresearchinstitute.org/members). + +&nbsp; + +Aion cofounder Matthew Spoke has also strong credentials as the **[Fintech Advisor for the Ontario Securities Commission](https://news.ontario.ca/mof/en/2017/10/ontario-improving-the-delivery-of-financial-services-technology.html) & [Ministry of Finance](https://us.money2020.com/speakers/matthew-spoke)** and as a [cofounder of the Muskoka Group along with the Tapscotts & Ethereum cofounder & ConsenSys founder Joeseph Lubin](http://www.muskokagroup.org/group). + +&nbsp; + +Not to mention [Aion's unmatched advisory board from TMX group VP & Board of Directors](https://aion.network/team) and connections to Ethereum cofounders; Anthony Di lorio, Joeseph Lubin, Vitalik who's an advisor to Nuco.io & his father Dmitry Buterin who's an [Angel investor in Nuco.io](http://www.buterin.com) the company building Aion. + +&nbsp; + +**10. The TRS is coming to an end soon;** however, the end of the token release schedule will slowly **starts to get priced in long before the last release** of Nov 2018; the date after which no more Aion will be released to public ever. Only mining/staking rewards will continue thereafter. +The TRS also helps AION market cap climb up the MarketCap list with every release, adding to the increasing visibility & exposure that AION is getting. + +&nbsp; + +People have seen what happened to fat protocols like Ethereum, Neo & Cardano, but it takes a special breed of people (and a bit of luck) to foresee why AION network interoperability will have a much bigger growth & impact potential on the entire crypto space. *(This is not a financial advice. DYOR.)* +Kevin O Leary just lied in front of the Senate, with the whole world watching. + +Here is his testimony under oath where he said this to the question "Why did FTX fail": https://twitter.com/Benzinga/status/1603076399593844736 + +Lets get this straight - he said FTX didnt fail because of fraud, laundering user deposits into personal accounts or into their own hedge fund to make risky trades, bought expensive condos with customer deposits and just ran the most incompetent bucketshop ever possible etc, but because "Binance put FTX out of business" + +In stark contrast, the main bankruptcy professional and new FTX CEO John Ray told the House yesterday that FTX collapse was the result of old fashioned fraud. He was asked if Binance caused this, he flatly said NO. + +In the testimony to House, he was asked by Rep Gonzalez (at time 2:43:30), + +> Rep Gonzalez: One of the things in Mr. Bankman-fried's testimony that has leaked, that wasn't submitted, is he spends time talking about Binance and how Binance created a run on the bank, suggesting that, had that not occurred, FTX was solvent and would have been just fine. Prior to that episode -- is it your belief that FTX was solvent? + +> Mr. John Ray: NO + + +You can listen to the testimony here and forward to the time mentioned above. https://www.youtube.com/watch?v=1ObdFaUL7nc&t=9795s + +Also this entire testimony of John Ray pretty much outlines how SBF was running a fraudulent shop for months. John who has now assumed control of FTX and is in an authoritative position to tell us what went wrong at FTX quite simply states the whole enterprise was a fraud. The DoJ, SEC and CFTC have already filed charges against SBF, but here we have Kevin O'Leary telling the Senate that SBF is innocent but its Binance put FTX out of business. + +Whats really dangerous is that Kevin knows this is not true, yet goes onto Senate to state lies under oath. He has worked his entire career in finance. He knows that John Ray has the best knowledge to put together what happened at FTX. He knows investigations of multiple agencies have put the blame on SBF. Yet he goes and tries to whitewash SBF's crimes. + +Kevin O'Leary is a conman, who last week even said he would continue to do business with SBF. This week SBF got arrested, yet Kevin is still lying to the Senate. He got paid $15 M to be a shill for SBF. Its a shameful joke that he was even called up to testify in this issue. Its like inviting Ted Bundy's spokesperson to the Senate so that he can whitewash his crimes. Such actions dont make Ted Bundy or SBF look any better, but it just diminishes the respect of the Senate as an institution. + +This guy deserves to be in the same cell as SBF. Every penny paid by SBF to this fraudster must be clawed back to make FTX depositors whole. +I recently [made a post](https://www.reddit.com/r/ethereum/comments/7d1g5v/mainstream_companies_are_building_apps_on_the/) about some mainstream company dapps that are already live on the public Ethereum chain. + +There are also a lot of very exciting dapps that I find extremely essential to the Ethereum ecosystem that appear to be going live in Q1 of 2018. Here is the list I have and a quick summary of each: + +* [Augur](https://augur.net/) has said their contracts are sent for audit and the [UI is being wired up](https://medium.com/@AugurProject/augur-weekly-development-update-november-22nd-f0e321773d29). - Augur is a decentralized prediction market built on the Ethereum blockchain. It allows you to forecast events and be rewarded for predicting them correctly. + +* [Digix](https://digix.global/) is [freezing code](https://medium.com/@Digix/digix-dev-update-21st-nov-2017-fintech-week-auditor-493321c24ed5) for DigixCore 2.0 contracts on Dec 8. - Digix provides a transparent, auditable, and secure protocol that leverages the full potential of Ethereum's peer-to-peer decentralized consensus system and IPFS permanent document storage to facilitate the creation of transferable crypto assets on the blockchain. + +* [Maker Dai](https://makerdao.com/) is launching in [December](https://www.reddit.com/r/MakerDAO/comments/7aog8v/dai_is_launching_in_december/) - Dai is a cryptocurrency that automatically reacts to emergent market conditions in order to stabilize its value against the major world currencies. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain. + +* [Ethfinex](https://www.bitfinex.com/ethfinex) - is under works and should be launching in the first half of 2018. Ethfinex is a decentralized exchange built on Ethereum by Bitfinex. + +* [Micro Raiden](https://raiden.network/micro.html) is expected by end of year - a payment channel framework for frequent, fast and free ERC20 token based micropayments between two parties. + +**Updates from comments** + +* [Melon](https://medium.com/melonport-blog/what-is-melon-f9bf41600b7e) is expected to launch in [February of 2018](https://twitter.com/melonport/status/920204456964378624). Melon can be thought of as a system of tools that enables participants to set up, manage and invest in digital assets and have management strategies that exist within a customisable, predefined ruleset. + +* [FunFair](https://funfair.io/) is [planning to release v0.1](https://funfair.io/explore/roadmap/) of their slot machine game on the Ethereum mainnet in Q1 of 2018. + +* [Kyber Networks](https://kyber.network/) is expected to launch their mainnet pilot in [February of 2018](https://blog.kyber.network/kyber-network-progress-update-october-13-2017-fcab6802ca1f). KyberNetwork is a new system which allows the exchange and conversion of digital assets. + +* [Request Network](https://request.network/#/) says they will launch in [Q4 2017](https://blog.request.network/request-network-project-update-november-10th-2017-a57193780ddf). Request Network A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment. + +**Already live missed in previous post** + +* [Tokit by SingularDTV](https://medium.com/singulardtv/tokit-is-here-the-evolution-in-entertainment-begins-1d3e9eaff348) has already launched on mainnet and allows artists and creators to tokenize themselves or their projects. + +* [Etheroll](https://etheroll.com/) is a dice rolling game already live on the mainnet. + +I'm sure I've missed some so please comment and I'll update the post. +I am currently saving for a pair of headphones, that will be the most expensive thing I have ever purchased for just my self, for pure entertainment , coming in at $7K. Talking to some mates about the same deal, the general answers seems to be around watches, which range from couple of grand to a few dozen grand and push bikes, same as watches, as I have to admit my most expensive purchase at present is my bike at 4k. + +One mate is a rev head and has a car he works on as a project and drives when he gets time. + +So wanted to see what other people have dropped money on purely for personal enjoyment. +As I said yesterday on another post.....to the people who are wobbling with their diamond hands because nothing good ever happens to them, your thinking is backwards. If that's true, then the odds and percentages say that you are due for some good luck! + +Buying more tomorrow!! + +💎🖐🦧🚀🚀🚀🚀🚀🚀 + + +Edit: Wow! I leave Reddit for 6 hours to go do some serious Pokemon going and come back to this response LOL! Thank you, thank you, thank you, for all of the kind words and wonderful responses as well as the awards! + +Remember, there are many different kinds of luck. There is that weird, out of the blue, one in a million chance luck that literally Is Random. And then there is another kind of luck that you are highly involved in. For all of you who put your hard-earned money into this adventure as well as have spent hundreds, if not thousands, of hours reading everything you could get your hands on to educate yourself about the stock market so that you can be a wise and educated ape just remember, this is luck that YOU created! So why the hell shouldn't you reap those Rewards? + +TO THE FUCKING MOON APES!!!!!!!!!!!!!! + +💎🖐🦧🚀🚀🚀🚀🚀🚀🚀 +On my FIRE spreadsheet I've historically been comfortable forecasting around 7% returns and 2% inflation for the next decade or two. However this year inflation appears to be 3-4% or higher. I'm worried this will turn out to be a huge threat to my FIRE ambitions. I wish I had some real estate to combat this, but all I have is my personal residence. (100% equities otherwise) + +I know the Biden administration insists this is only a temporary situation but with the amount of COVID money pumped in to the economy along with anticipated additional massive spending, it seems like this inflation run has a long way yet to go. + +What is your inflation forecast for the next few years? How concerned are you? +Just a thought experiment. What would the economy look like if everyone invested the way ausfinance generally suggests - invest in ETFS, stay away from property, don't spend on a new car etc etc. +Recent interview of Cathie Wood on CNBC (search YouTube for "I love this setup, rotation is good news" to find video) got my head scratching around the math she just did in her statements. Back in February she said she expects 15% YoY compounded returns in next 5 years when ARK funds (say ARKK) was around 140 (down from 160 high) which now slid to 110 this week in May. + +She said in that CNBC interview "Nothing has changed but the price" and now expects 25-30% YoY compounded returns in next 5 years. + +So by simple math + +140*(1.15^5) = 281 back then + +Now she's promising : between + +110*(1.25^5) = 335 + +and 110*(1.3^5) = 408 + +That's almost 20-50% higher but if nothing has changed then how does the number grow so much more in end result ? I don't follow the math or logic here. + +Also, let's say give here benefit of doubt and say back in February she meant ARK price numbers that were in Jan 21 for YoY growth of 15% but then price was even lower between 120-140. So I don't know if she's bluffing (I'm gonna guess saving her skin and fund outflows) and taking us for a ride or is she really onto something that we don't know ? + +If nothing has changed but the price then how does your model give these numbers ? Am I to assume these companies are growing faster than ever that their prices will skyrocket even faster ? Is there any proof ? +Firstly: I hope this word salad may inspire some of my fellow degenerates to not make the same mistakes I did for many years. + +“What makes for freedom and fluency in the practice of writing? Knowledge of how to write. The same goes for the practice of playing an instrument. It follows that, in the conduct of life, there must be a science to living well.” + +– Epictetus + +In the modern world we have the wisdom of the world available. So why then do we as humans often guess or make assumptions rather than seek out the knowledge available to us? Because it is easier not to. + +Personally, I could scroll through memes or play video games for hours, but when it comes to growing plants do I go for the book first or the shovel? + + +The cost of wasted time and mistakes is immense. We can access the knowledge and wisdom of those who came before us and save making those mistakes and not waste that time. + + +Many humans just like you and me have failed, succeeded, gained and lost fortunes. They have recorded the results in the form of books. + + +These books are *begging* to be taken into a room and embraced on a bed with a blue silk sheet, soft pillows with a scented candle flickering in the corner, the book will whisper to you, “>!open me, I want to be inside you!<” but I digress. + + +Acquiring knowledge does not only apply to investing but to all learnable skills: hobbies, careers, relationships. With study all of these things can all be improved. + +[A degenerate in a faded tool shirt yells out from the crowd: “Boo! This is a casino!” ](https://preview.redd.it/rst9pi4solt71.jpg?width=193&format=pjpg&auto=webp&s=6b98f4f4a4e69e1ffaef5cbce3ac49cfecd60c0a) + +Ah yes, but would you enter the casino and lose your life savings playing the first game you see? or would you rather learn about the games and the odds first ?Even in the casino it is good to know what's what. + +**Made up case study designed to brainwash you into reading number 1:** + +Picture this if you will: 2 cunts with bushy beards. One is named Tom and the other is Barry. You must choose one of these assholes to invest 100k on your behalf and all you know about these bearded cunts is the following: + +Tom is a really good golfer, he studied the game, he read up about the different equipment, the effects of wind speed, different grasses and he also practiced his swing and technique with a coach for a few sessions before ever hitting a ball down the green.(It is also rumoured that Tom perfected his swing practicing on kneecaps with a cricket bat, but that is another story) + +Barry is an average golfer, he pays to play every weekend, he has expensive clubs and fancy golf shoes but hasn’t taken a single lesson or read anything in the last year other than the menu at the 19th hole. + +Based on what we know about these two men, who would you choose to give your hypothetical money? + +[A greasy degenerate with Cheeto stained hands shouts out from the crowd: ](https://preview.redd.it/f024bnpdnlt71.jpg?width=307&format=pjpg&auto=webp&s=e73f777b9b4f4ba378855e46b69f2f8faf0d3da2) + +“But you don’t learn how to fuck by watching porn, you gotta get out practicing!” + +True, and there is a balance here between study and practice, but beware you might pick up a nasty STD if you don’t know the dangers. + +**Made up case study designed to brainwash you into reading number 2 :** + +We are going back in time for a moment when a totally made up stock called ‘ZOP’ was $11 and just about to hit its all time high, let us compare two traders. + +Degenerate 1:Jose. + + +Jose loves tacos, investing and reading. He has read Wazza's book, Peter Lynch's book and puts chopped coriander in his guacamole - something he tried after asking others how they make theirs. + +Degenerate 2: Mark. + +Mark also likes to gamble his wages in the stonk market but just reads hautetcrapper, facebook and the daily thread. + +Jose's approach: As ZOP approached an all time high Jose vaguely remembered the words of Peter Lynch “The next anything is usually not a good idea” Jose considered this and reflected on his fomo emotions and stayed on the side-lines of the BNPL trend and decided to buy a speccy gold miner operating in Africa instead. + +Mark’s approach: Mark was excited about “The next Rafterpay” and he now has to stubbornly explain to his wife and her boyfriend how he isn’t throwing good money after bad, nope he is in fact actually “averaging down” and he keeps telling everyone the opportunity cost will be worth the wait it when his rocket finally takes off, and perhaps one day it will, maybe. + +“Confidence is ignorance. If you're feeling cocky, it's because there's something you don't know.” + +― Eoin Colfer, Artemis Fowl + +**Now how do we wrinkle our brains ?** + +**Questions** + +Ask questions! Ideally with detail and be as specific as possible, if the first person to answer your question is automod, it was probably a shit question! + +While “When Lambo?” Is a fair question. +However an even better one could be: “Is the company I am invested in making measurable progress in reasonable time?” +Here is another example of a good question: +“Does the recent announcement show that management are ticking boxes or are they just smashing nose beers, taking photos in the dirt and making shitty pdfs?” + +**Ask the right people!** + +Your questions may be fantastic and the beginning of a wonderful business or investing opportunity, but if you ask the wrong people, you will not receive any answer of value. Case in point: recently a teenager started a fancy plastic cup business so that people could have nice vessels to enjoy their “egg yolk and rum cocktails” in the pool area. + +The question may have been something along the lines of: “Fuck I am sick of stepping in glass, why don’t we make some nice plastic cups for the pool area?” + +Now Because the person asked was his successful entrepreneur father it all came to fruition and that kid is probably deciding what colour tesla to buy. + +Had he asked the kid who sits next to him in history class and draws dicks all period he would still be picking glass out of his feet. + Now although it is true that starting with rich successful parents is a head start, you know some smart people don’t you? + + +We should make sure when we have a question we are asking the right people. Also we can gain knowledge and learn from mistakes. If someone's portfolio or life is completely fucked it is worth asking them about it, “how did you fuck yourself so hard, what mistakes did you make?” + +**Reading.** + +“Those who will not read are no better off than those who cannot read.” – Jim Rohn + +If you wish to be wealthy, study and read about wealth. + +If you wish to be happy, study and read about happiness. + +If you need to fix your marriage, there is a book for that, it will even have instructions on how to talk to your wife's boyfriend. + +Don’t know how to read a book? there is a book for that too, it is titled “How to read a book” + +[An excitable degenerate from the crowd with adhd and tourettes has a loud and sudden outburst: ](https://preview.redd.it/7uksi01mplt71.jpg?width=299&format=pjpg&auto=webp&s=7dfb88ba0b4ef5ecf86b234a31deff19b1d4f4c0) + +“ Tony Montana didn't read! Massive cojones are all you need!!” + +Tony Montana wasn’t real you rhyming fuck, but Warren, beautiful Warren is. Now Waz[ ](https://www.inc.com/marcel-schwantes/warren-buffett-says-you-can-increase-your-overall-happiness-by-making-1-simple-choice.html) didn't become a billionaire by chasing the next pump and dump or insulting girls that don’t like ice cream by calling them lesbians. + +Buffet has made wise investing choices by playing the long game and by acquiring a vast amount of knowledge. Waz advises that we "read 500 pages every day." - He says that's how knowledge works -- it builds up like compound interest. + +[What books don’t Trent like? ](https://preview.redd.it/8e82v9y9mlt71.jpg?width=225&format=pjpg&auto=webp&s=aa79ed94a03cef26b4230b247668d10a5ed53ae7) + +In last night's thread I asked the sub “If you could recommend one book, what would it be?” I left the question intentionally open to interpretation and the answers I got were wonderful and varied greatly. It just goes to show how intelligent, humorous and well read you cunts are. + +Some of the members I dmed the same question. + +**In no particular order here is a list of books recommended by your fellow degenerates :** + +Woftam11 : Anything by Terry Pratchett + +Webpage9, bane-of-oz (both of em!): Thinking, fast and slow - Daniel Kahnman + +Trupinta, incognitoburweedo (2 members): Sapiens. A brief history of humankind. + +Interesting-Aide8842: Illusions - Richard Bach + +AlanBloodyBond: You Are Not So Smart + +Shadowbastrd: The bible. + +InterestingShow1112 : Clifford the big red dog + +Malcolm\_TurnbullPM: Humankind and A gentleman in moscow (2 books what a dog) + +BuiltDifferant : Big friendly giant- Roald Dahl + +DeadGoddo: Snow Crash - Neal Stephenson + +FallenArchon2020: Critical race theory + +Ocean\_sky\_wind: The Barefoot Investor + +Rustysalmon92: 1984 - George Orwell + +Viajante76: The Signal and the Noise by Nate Silver + +FallenSegull Airman by Eoin Colfer + +Blisser\_the\_Sniff, dick-face-dick-face: Still Life With Woodpecker- Tom Robbins + +Maybethough, Texas\_Tom: The selfish gene + +Supraga70 : The very hungry caterpillar (Most upvoted in thread!) + +Charlie\_Cristo : The Count of Monte Cristo + +Rhythm34: Blindsight by Peter WattsHgttg : Watership Down + +Meaty0gre :Anything from Peter Lynch + +Username-taken82 : Boundaries by Dr Henry Cloud and Dr John + +Townsend.Tacomaster33 : Peter Lynch's one up on wall street + +Calculated-Punt : The Organised Mind by Daniel Levatin and The Zurich Axioms by Max Gunther. + +Logicorluck : Fifty shades of grey. + +Sufficient\_Guess2732 :Arnold Schwarzenegger - Total Recall my unbelievably true life story + +We would all love to hear more about why you recommended these books , If you have time to expand please elaborate in the comments below. + +**Final Thoughts:** + +I have learned this much on my quest for knowledge so far: When you have a thought or a question, be quick to take action, quickly get that learning process in motion. The first few pages of a book, or picking up the phone and making that first phone call to ask for advice is the hardest part. + +Once you have learning momentum you can become a human version of a rocket and go to the knowledge moon!! + +This is a really big topic and open for a lot of expansion as I have barely scratched the surface, perhaps there could be some discussion continued. +I have a dual-income house with two young kids in daycare; time is a precious commodity these days. I don't want to spend time shopping, food prep, toy tidying, laundry, dinner cleanup, etc. + +Most people I know in a similar situation either have a nanny, or else a stay at home parent, who focuses on the household work. However, we really like our daycare, and neither of us is ready to take a break from our careers. + +What we tried so far is hiring a "mother's helper", someone to come 4-7:30, who does laundry and other house chores until the kids come home, then helps with dinner, then eats with us, and finally helps with kitchen cleanup. This worked okay-ish. The problem is, it takes away from family time a bit, because there is an extra person there. I guess we could ask them to hide while we eat together, but it feels weird too for other reasons. Haven't tried it that way. But if they don't stay for dinner, then we don't get help with the post-dinner cleanup. + +Is anyone else in a similar situation? How have you arranged help? Or, any other tips for automating busy-work? +For a while now, I have been doing a lot of research into the stock market. And the most reasonable voice I found is Warrent Buffet. + +Is there someone profound like him who thinks about the tech sector? Especially about companies that yet have to beome profitable? +I love the fact the apes are going hard on the DRS train. This ride has been long and hard to swallow at times. I was the longtime lurker but eventually got a wrinkle and a buzz one night and decided to contribute to SuperStonk. Now this truly seems like a part of my life and I have extended family. I have recruited some friends and family to board the hype train until the rockets are ready to make moon trips. One thing I can say is the sub taught me and many others to be ZEN. Today I would like to thank all the wrinkles for sharing knowledge. We are better as a whole now and forever. Personally im done with stocks after this ride. +The corruption is unprecedented and the world deserves better. I hope with big dong Dave it will be possible. Much love. Power to the players🚀 +In RC we trust + +Edit abbreviated SuperStonk +Hey all, I was playing around with some financial projections and thought it would be cool to share some numbers. + +Out of curiosity, I wanted to see what would happen if you max out all the more commonly available retirement accounts (401k, Traditional/Roth IRA, HSA) into the standard retirement age of 65. + +For the sake of simplicity, I've made the following assumptions: + +* Using contribution limits from 2022 +* Annual real rate of return of 8% +* Maximum employer 401(k) match of $10,000 +* Begin maxing out contributions from Age 23 + +Firstly, here's how much you would need to contribute to max out your 401(k), Traditional/Roth IRA, and HSA. + +**Annual Contributions** + +| | Age 23 | Age 50 | Age 55 | +|--------------------------------|---------:|---------:|---------:| +| 401(k) Pre-Tax Contributions | $ 20,500 | $ 27,000 | $ 27,000 | +| 401(k) Employer Contributions | $ 10,000 | $ 10,000 | $ 10,000 | +| After-Tax 401(k) Contributions | $ 30,500 | $ 30,500 | $ 30,500 | +| Traditional IRA Contributions | $ 6,000 | $ 7,000 | $ 7,000 | +| HSA Contributions | $ 3,650 | $ 3,650 | $ 4,650 | +| **Total Contributions** | $ 70,650 | $ 78,150 | $ 79,150 | + +I've included 401(k) After-Tax contributions and Traditional IRA contributions for the purposes of the Mega-Backdoor Roth IRA and Backdoor Roth IRA strategies. Thus, the money from these contributions would actually end up in your Roth IRA. + +At age 50, your Pre-Tax 401(k) contribution limit will increase from $20,500 to $27,000, and your Traditional IRA contribution limit will increase from $6,000 to $7,000. At age 55, you’ll be able to increase your HSA contributions from $3,650 to $4,650. + +Assuming you have access to the Backdoor and Mega-Backdoor options (and that the government doesn't get rid of them), here's what your accounts would look like over time. + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|----------|---------:|------------:|-------------:|-------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Roth IRA | $ 36,500 | $ 1,366,934 | $ 8,058,177 | $ 12,060,104 | +| HSA | $ 3,650 | $ 136,693 | $ 811,489 | $ 1,219,623 | +| **Total** | $ 70,650 | $ 2,645,860 | $ 15,697,499 | $ 23,529,117 | + +Pretty incredible stuff. In the span of ~20 years, your accounts will total over $2.5m, which corresponds with a $100,000 withdrawal each year at a 4% SWR. Once they've had the chance to grow for over 40 years, your accounts are well in the tens of millions. If you chose to retire at the standard age of 65, you would certainly be ready to go fuck yourself. + +Since the Mega-Backdoor option is likely to disappear in the near future, here are some additional projections I threw together to cover various scenarios. I just bundled the Roth IRA and Traditional IRA together for simplicity. + +--- + +Maxing Traditional / Roth IRA only + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|-----------|-------------:|---------------:|-----------------:|-----------------:| +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| **Total** | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | + +--- + +Maxing Traditional / Roth IRA and 401(k) +(excluding mega-backdoor contributions) + +**Account(s) over time** + +| Age | 23 | 40 | 60 | 65 | +|-----------|--------------:|-----------------:|-----------------:|------------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| **Total** | $ 36,500 | $ 1,366,934 | $ 8,166,373 | $ 12,257,212 | + +--- + +Maxing Traditional / Roth IRA, 401(k), and HSA +(excluding mega-backdoor contributions) + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|-----------|-----------:|--------------:|--------------:|---------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| HSA | $ 3,650 | $ 136,693 | $ 811,489 | $ 1,219,623 | +| **Total** | $ 40,150 | $ 1,503,627 | $ 8,977,862 | $ 13,476,835 | + +**EDIT** + +Wow didn't expect such a reception. Lots of good points made in the comments about how my assumptions are overly optimistic for the average person. Here are some hopefully more realistic projections using the following assumptions: + +* Using contribution limits from 2022 +* Annual real rate of return of **7%** +* Maximum employer 401(k) match of **$5,000** +* Begin maxing out contributions from **Age 30** + +**Account(s) over time** + +| | Age 30 | Age 40 | Age 60 | Age 65 | +|-----------------------------|------------|-------------|---------------|---------------| +| | | | | | +| 401k | $ 25,500 | $ 402,482 | $ 2,705,456 | $ 3,978,566 | +| Roth IRA | $ 6,000 | $ 94,702 | $ 628,222 | $ 921,369 | +| Total | $ 31,500 | $ 497,183 | $ 3,333,678 | $ 4,899,934 | + +**EDIT 2** + +Lots of people saying it's unrealistic to save $60,000+ a year at age 23, so I decided to run some numbers. + +Conclusion: I do think it's possible if you're highly skilled and willing to live extremely frugally. + +I pulled salary data from levels.fyi, which has a pretty reliable breakdown of salary data at top tech companies. The average total compensation for entry-level software engineers at top tech companies (Google, FB, Microsoft, etc.) is over $170,000 per year. + +Deduct the pretax contributions (401k, HSA) of $20,500 + $3,650 = $24,150, and you're left with $145,850 of taxable income. + +Plugging it into an income tax calculator assuming you live in a state like California, you end up having to pay $36,981 in taxes. This leaves you with $145,850 - $36,981 = $108,869 of after-tax income. + +Then, after contributing $30,500 + $6,000 = $36,500 to your after-tax accounts (after-tax 401k, Traditional IRA), you're left with $108,869 - $36,500 = $72,369 of leftover income. Perfectly livable amount of income to be honest, if a little frugal given the HCOL in California. + +So this scenario is actually surprisingly feasible for a fresh CS graduate from a top university, who ends up at a top tech company. Of course, I recognize this is in the very very small minority of people, but I'd wager a decent amount of them are on this sub. + +Also, for those curious, my initial 401k match estimate came from searching up policies at big tech companies. + +* Google offers a 50% match on the employee’s contribution up to $19,000, to a max of $9,500 per year. +* Facebook offers a 50% match of 7% of your salary and bonuses, up to a max of $10,250 per year. +There I said it. Anyone who thinks that NFT's are "EXPENSIVE JPEGS" is either dumb, a boomer or purposefully telling a lie or likely all three of the above. + +They do not get how NFT's can represent digital proof of ownership of about anything and how there is an unlimited market because ownership of about anything can be digitalized. They do not get how big the gaming NFT market can be. They are basically in the same position as people mocking the internet when it was a new thing. So my fellow apes ... I will leave you with my lifelong credo: OPINIONS ARE LIKE ASSHOLES, ... - EVERYBODY HAS ONE. As for me, I am much more interested in UR ANUS than BILL GATE'S ANUS. Especially when it itches and whispers to you of MO ASS ... + And because it was a CV there were my adress, phone number, country, name, and email adress as well. The person i gave this information probably a scammer. Should i be concerned about my bank account? Or this is not enough to scam me? +THIS AINT JUST ANY DOGE! 🐶 + +This good doggo will give you a first class ticket to the moon so enjoy the ride. + +- 10K MCAP +- LP BURN / RENNOUNCE +- Planned Marketing +- Experienced Team + +This is an early gem, hop in before it's too late. This going to the moon with an excellent team. This is THE token to expand your portfolio all the way up to the stratosphere. + +DOGE PUMP IS ROCKIN' + +WE'RE ALL PUMP O CLOCKIN' + +A community-coin first and foremost. We call it a decentralized community, meaning that the original creators of DogePump only control the Telegram, launch-time was decided by community-vote, and the future direction of DogePump will continue to depend on its community. + +It's still extremely early, fair launched. Join the community today and check out the links below. + +DogePump Tokenomics: + +8% fee auto added to the liquidity pool and locked away forever! + +2% fee auto distributed to all holders +100% liquidity is burned right at the start! + +Anti-whale mechanism! + +Website: in development right now + +Telegram: https://t.me/DogePump_Official +Contract : 0xd2799421e1e921a16c95f39ef8468e18fdf20c95 +The latest addition to the Shiba family has arrived. Baby Shiba Inu, is so cute, he makes your heart melt and want to take him home. Launched into the bsc realm 5 days ago and is mooning since then. Devs are very active on voice chat and have been doing regular AMAs and responding to the community's suggestions. + +They are celebrating their upcoming CG listing with a HUGE giveaway competition! 2 lucky winners will receive $2500 each, this prize will be doubled if the winner already holds 25b BabyShibaInu tokens at the time of winning. All you have to do is follow the simple tasks they've set on their latest pinned tweet! + +Poocoin ads, trustwallet logo and a 3-day Coinhunt promo are already live. A few influencers have already shilled this coin so far such as Torin Hofmann and cryptoworldbets and a lot more is in the works! CG listing is coming up today and focus will be shifted towards CMC listing afterwards. They just passed the Nexus audit with flying colors and the next audit is being done by Solidity as we speak. Website is also completely revamped, adding the BabyShibaInu Swap to it. This token has achieved things that would normally take weeks in just 5 days and doesn't seem to be slowing down! + +The branding has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. First donation of $5k already took place! + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +There are anti-whale features in place, including a 10 trillion (1%) maximum transaction cap and 30 trillion (3%) maximum wallet cap. + +Liquidity is locked and ownership renounced. + +📱https://t.me/babyshibatoken + +🌎 https://babyshibatoken.com + +🐦 https://twitter.com/BabyShibCoin + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +Citadel is a Market Maker and they're responsible for filling orders even if no one is selling that stock, this insures that a security always has volume. This is how a synthetic share is created. The MM fills an order and if they can't buy a real share (they can't we own the float) to deliver to the broker it creates a failed to deliver after t+35 (according to rule 204 https://www.sec.gov/investor/pubs/regsho.htm). The Texas lawyer said that they will hide their FTDs by sending them to companies in other countries that aren't subject to the reporting rules of the SEC. + + +The recent Robinhood data proves (to me at least) that coming up with real shares is really difficult, Robinhood has to have a real share to transfer it to another broker. There are so many people that have transferred out of Robinhood that they are out of real shares and only have synthetic shares left. So, they're paying a $1,000+ for real shares in dark pools because they have ten days to transfer the share. + + +If Robinhood is having these issues coming up with real shares, then you better believe that Citadel is having problems coming up with real shares and they have to fill orders whether they can come up with a real share or not because they're a Market Maker. It makes sense to me that they are filling every order everyday with a synthetic share because we own the float and we aren't selling. Every time they create a synthetic share, even if they hide the FTD from the SEC, they still have to deliver that share one day. Basically they're creating millions of synthetic shares everyday because no one is day trading GME and they are still responsible for buying that share and delivering to the broker, it doesn't matter if the price of GME is $160 or $100,000 they have to buy the share to deliver it. Citadel is fucked. + + +Edit: A synthetic share isn't a real share, it's just an IOU from the MM, it shows up in your broker account as a real share, but it's marked in their system that it's just an "entitlement" to a real share. + +From Dr. Susanne Trimbath + +"But in a system wracked with fraud, traders engage in naked short selling, when they sell stock they don‘t own and never buy to deliver. So now there are two shares, the real one that was never delivered and a phantom “entitlement” given the unsuspecting buyer which is recorded as such by his broker. And which the buyer can now sell! Because the brokers pretend there are real shares there." + +"People who buy the undelivered shares get an “entitlement,” and the money they paid stays with their broker, who can use it, interest free. The dollar value of shares purchased but not received is a free loan from the investor to the broker. The investors don‘t know. The broker is not required to tell the client that he took the payment and did not receive any shares." + +This means (to me) that a broker has two pools of stock, real shares and synthetic shares. The synthetic share shows up in your account as a real share, but the broker knows that it just an "entitlement" to a real share. But, a broker can't transfer an "entitlement" of a share to another broker. So, they send their real shares and when their clients buy more shares they get real shares back from the selling broker. + +https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/ + +My biggest take away from all this, this is the first time in history that all shares for a heavily shorted stock got bought up and held. This puts the MM in a very bad situation because they've shorted the stock, so they have to make sure the price stays low or they could get liquidated. They have to fill orders everyday because they are required to even if they can't come up with real shares, this forces them to create millions of "entitlement" shares that they have to cover one day. It's really the perfect storm. + + +Edit 2: For everyone saying this was disproven because even dark pools are recorded in the NBBO. + +"Dark pools and other alternative trading systems may not always appear in these results, given the less transparent nature of their businesses." + +https://www.investopedia.com/terms/n/nbbo.asp +Am I missing something or would you have to payout the money the bank would have made on that mortgage? Like could you just eat the higher rates for two or three years and then try to lock in a cheaper payment when the rates drop? + +First timer +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! + +It recently occurred to me that in WSB, it’s against the rules to post about penny stocks, so not a lot of you follow the price action. + +I'm a day trader and my trading strategy focuses entirely on penny stocks that are owned by hedge funds known to manipulate the market. Most stocks I invest in are all complete garbage, but I look for pump and dumps, obvious manipulation patterns, and anticipate runners based on near-identical charts of multiple companies. + +I haven’t paid much attention to any of the stocks on my main watchlist since January, because I went all-in on GME. What I did notice though, is that my watchlist has been red, since early February. There are some green days in there and many days that trade sideways, so it didn’t feel like they were completely tanking, but they're definitely all tanking. + +Last night I decided to actually to take a deeper look into the charts. They all started going down at the same time in early February with no real spikes, just bleeding. They all follow a similar trend as well. + +Below are most of the stocks (YTD charts) I’ve invested in, in the past year. And let me make this clear because this is an important detail — **I didn’t just select certain stocks that look similar on my watchlist. These are literally all the stocks on my watchlists, besides GME, AMC, NOK, and BB. I’m not picking and choosing the ones that look similar to make strengthen a claim.** + +&#x200B; + +https://preview.redd.it/v9y6um8amhu61.jpg?width=1125&format=pjpg&auto=webp&s=8be7ac66943a40a42ca332f638cc1ff7ac428588 + +\[[Here is an album if you'd like to take a closer look](https://imgur.com/a/mAr9aDP)\] + +If investment banks and hedge funds didn’t report record quarters and the market hasn’t held at record highs, I could possibly believe there might be a rational explanation for dozens of stocks, some in completely different sectors, to trend downward for months in similar patterns. But that simply is not true. + +I spend hours looking at charts every day. I am very familiar with the trend line for every single one of the stocks in my watchlist; if you were to print out a 1-year chart of every one of these stocks, without labeling them, I’m pretty confident that I could tell you the company associated with every chart. So I assure you, the trends are not normal. + +Here’s my theory: The mass sell-off is definitely not going towards covering the shorts, instead it's paying for interest, pump and dumps, and the capital needed to purchase the blocks of shares they’d sell off to drive down the price. They were able to get away with it because people don’t tend to follow a bunch of garbage stocks, and since penny stocks are known to be extremely volatile, it doesn't raise any eyebrows when one tanks 30-50% in a short timespan, or even in a single day. And media outlets don’t really look into penny stocks too much.  + +Also, this is entirely speculation, but I’ve also noticed that when penny stocks cool down they will trade sideways for weeks. Understandable if there’s low volume, but sometimes there are days when the volume will randomly be extremely high, but the price remains stagnant and there’s no news whatsoever to explain the high volume. It seems like an algorithm keeps the price bouncing back and forth, propping it up. But they aren’t bouncing back and forth, they’re just bleeding. HFs may have run out of money to prop up the stocks, so that’s why they’re sinking. Again, this is speculation, I don’t know what really goes on behind the curtain. + +TL;DR: My watchlist is full of stocks that HFs manipulate and there have mass sell-offs of every single one since February, even though we’re experiencing record highs in the market for months. +“GameStop is finally running again and all the variables to potentially push this baby to the thousands are there. Low and behold, right on que, more mod drama! Come on folks. This shit happens every single time our beloved stock is doing beautiful things. Don’t get sidetracked. This is literally a recurring thing and to be frank, I feel like this shit is planned to distract you. It happens over and over and over. Focus on the reason you’re here, not everything else.” Let’s bring the conversation BACK to dragging these Corrupt SHFs and MMs kicking and screaming into the light. + +(Credit to u/gavion92 for much of the body text of this post). +From the posts I have seen, comments and my own thoughts. The short hedge funds do not know what they have just done.. + +I TRULY BELIEVE THAT THEY HAVE JUST SINGEL HANDEDLY MADE ALL APES SO MAD THAT WE WILL ALL 100% DRS OUR SHARES. + +This is what we needed if you ask me. + +We needed to see again that no matter what, they will break the rules and laws to win. + +We know that we need to drs to win and some were still on the fence about it and me well I was going to drs 25 shares a time and control my cost basis but now I am selling all on my 212 and buying on ibkr in 3 days after money processes. From an Isa account where I don't pay taxes to now paying taxes and just buying on ibkr 100 percent and transferring. + +From what I have read I am not alone. + +Hedges are fucked and they caused this all. Yesterday was truly the most important day for apes to drs. + +Not financial advice just an apes opinion. Love you all. Fuck Kenny and his crew of crooks. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +What stocks do you feel are currently undervalued? + +Disney (DIS) has dipped recently and looks worthwhile now. Their financial statements, albeit back in 2020, look pretty decent and I can’t see anywhere why this has dropped so much +If we are headed for a recession (longer or worse than is currently predicted and priced in already) which markets/industries/countries are best for our investments? + +Yes we know not to try and time the market and if we knew then we'd all be rich and this is not financial advice etc. Etc. +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! + +Someone started a thread like this a couple of days ago which I thought was valuable, but they deleted their account which killed the thread, so I am reposting it. + + +Here's my story: + + +I was one of five children living with my mom who never graduated from high school. She was a waitress, worked in a store, did odd jobs. I was the youngest kid, and I remember being 12 years old when I got my first pair of shoes that were my very own new shoes, not hand me downs. I remember being arrested for shoplifting when I was 10, and how my mom broke down when she found out I had been stealing school supplies. She wanted us all to go to college. Most of us did. When I was in college on a scholarship, she finally graduated from high school by studying for and passing her GED. She got a job at the county as a clerk, which was the first stable job she ever had. + +Two years after I got my Ph.D., I had a brand new townhouse built for her. She got to pick out the granite for the countertops and the fixtures for the bathrooms and the wall color. + +When I sold that place later, I lost money, but honestly, fuck money when it comes down to it. It was the nicest place she ever lived in. +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! + +As the title says, the market is at all-time high. I am expecting the market will go down in the near future. Keeping this in mind what are you guys doing? Are you continuing your SIPs or paused them at the moment? +Hi everyone, + +Long time lurker and was 48k in student debt last December. Made a commitment last year to get out of debt. First, off I went the opposite direction and took a $3,500 digital marketing course. That allowed me though to land a higher paying job as a marketing manager for a professional services firm. + +I already had an emergency fund of 5k and my new job didn't let us get in the 401k plan until a year in (since has been changed). I put everything I made into my loans, besides rent & utility, cheap food and didn't buy anything like new clothes or luxury items. I then got a gig doing private security at events like Pax East, Comic Con, Apple and at hospitals that paid any where from $20-30hr. Would do these sporadically for anywhere from 10-40 extra hrs a week and huck it am my loans. I also signed up for Rover.com and took care of about 40 different types of dogs. + +The final push is when I started driving Uber. I work in Boston right next to a college so after work it would often be surging and I'd drive for hours after work. I got addicted and would try to bring in an extra $500-800 week driving. Lots of caffeine and not going out on weekends. Kept track of mileage, driving expenses and expected taxes. I also made and extra $1600 referring four drivers + +I was making quick headway, but was getting really burnt out. I would occasionally take a weekend off to recharge and then get back at it I would fantasize about hitting a scratch ticket for the last 10k or a gift from a long lost relative. Then fate intervened. At my old job we had a pension program I never paid attention to because they said it was going away. Well one day I get a call from my old CFO the plan was frozen and I was being paid out a little over 10k. I could either take it as cash and pay 3k in taxes & fines, or roll it over. I was extremely tempted to take it and run, but after talking to my CPA coworkers, decided to suck it up and roll it over into an IRA at Wealthfront. + +I drove a shit ton of uber the last two months, put my whole work bonus and all my Rover funds towards the last 10k. I was down to 3k last night and used 3gs from my emergency fund to finish it off. It was a very long process, but I'm glad I'm done. Now have to replenish the emergency fund and save up for taxes (saved a bunch, but got greedy towards the end putting it all at the loan). + +I'm done and am looking forward to having more free time for fun, learning more skills to get a better job and getting back into fitness. I also made my first post loans splurge purchase..new Retro Jordan 9's..don't know why I wanted them, but I did. 😎 + +Edit: thank you to everyone for their kind words. I'm done replying for a while, please search the thread if you have questions, I think I answered most of them somewhere. Have a great day and let's go Pats! +https://www.cnbc.com/2019/04/26/amazons-free-one-day-shipping-puts-the-pressure-on-walmart-target.html + +Amazon is making one-day shipping the standard for all Prime members. + +The move will put pressure on retailers like Walmart and Target to respond and spend more money to make sure they can meet shoppers' delivery expectations. + +Target and Walmart shares are tumbling Friday, following Amazon's announcement. +I work at a very large company in an entry level position with 1 year experience hired right after undergrad in the field I studied and enjoy my job 95% of the time. I make 50k a year with 5% 401k match in the mid Atlantic region of the US, and will get 5k a year in tuition assistance to start my masters next spring when I will be eligible. + +Unfortunately, my personal growth plans are likely not going to align with my expected growth at this company but there is a lot of stability in my position. I am able to live at home for now and save a decent amount of money but I couldn’t afford to live on my own if I wanted to on this salary + $1000/month student loans. + +I want to progress in my career but I just don’t know when the right time to make that move would be? I see people saying that I should just jump ship to make more money but I’m scared that the economy is going to take a massive shit soon and I could be trading stability for a more immediate pay increase. + +I know I’m only 23 and no one can predict the future but I just want to be able to make the most educated decisions for myself and there is a lot of uncertainty in the future + +Edit: a lot of great discussions here! I think from what I can take away from this thread is that I need to always be aware of what my best opportunity is regardless of recession or not. In my situation there is no job I would be able to stay in my state for it’s basically my company and that is it. So if I got a new job I would have to leave and get an apartment. I think it’s reasonable to assume I could get a job with a 15% salary increase but I would easily be spending more on living expenses. This thread has shined light on the fact that I am in a position that’s pretty good and I am happy with my job! There are a lot of intangibles and I am learning so much about the industry I am in and building a lot of professional connections. Truthfully I would love to spend a large portion of my professional career with my current company (and ALOT of my co workers have been here for 15+ years which tells me that there is definitely value at my current company even if I don’t immediately see it). + + I am professionally hungry and want more and currently my job allows me to be curious and learn but I know the pay ain’t getting much better any time soon but all I can do now is maximize what I get out of it and leverage that when the time is right. + +Edit 2: I also work in food product development. And I asked my co worker who been working here for 42 years the last time someone was fired was 9 years ago and they were huffing keyboard air spray cleaner so I really would say I’m safe. Additional in economic downturn people eat out less and buy more of our products so I would assume i work for a less risky recession based company. +[https://www.reuters.com/technology/exclusive-meta-girds-fierce-headwinds-slower-growth-second-half-memo-2022-06-30/](https://www.reuters.com/technology/exclusive-meta-girds-fierce-headwinds-slower-growth-second-half-memo-2022-06-30/) + + June 30 (Reuters) - Facebook-owner Meta Platforms Inc [**(META.O)**](https://www.reuters.com/companies/META.O) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. + +"If I had to bet, I'd say that this might be one of the worst downturns that we've seen in recent history," Zuckerberg told workers in a weekly employee Q&A session, audio of which was heard by Reuters. +Just wondering because I could use some confirmation bias I’m not alone here. + +I haven’t bought any shares since last year. Can’t afford it. It hurt watching the price go to the $70’s again and not being able to buy more, but it was awesome seeing everyone else here go nuts. + +America is a complete dumpster right now. Gas is ridiculous, groceries are more than they’ve ever been, even basic hygiene like deodorant is like $5 a stick now. + +Who else is barely skirting by, but also has GME shared locked up? I’d be lying if I said selling my shares now wouldn’t help me out a ton. But then I’d be right back to where I started within a month or 2, minus the GME shares. + +GME is truly my last hope to ever live comfortably in this world. It’s providing me with enough motivation to get by on these shitty conditions. + +Edit: Since I’m seeing this pop up I should clarify. I am not “barely clinging” to my GME shares. I am NOT selling. I believe in this company. What I’m clinging to is my life as I know it. My debts plus the increasing cost of living are making it extremely difficult to stay afloat. +Title says it all! I'm not interested in how much you invested since you are already invested but why did you over leveraged yourself in crypto? + +Did you do so to have a shot at buying your dream house, retire early and enjoy life delicacies? + +A hedge against inflation and hate that your money in the bank is feeding ruthless greedy [jnsert insult] + +You totally believe in the crypto revolution and already see prices in Satoshi and Eth gas fees + +It was your best shot at getting rich scheme ? + +Be honest and just spit it. + +Regardless, I really hope you make it dude! +Ignore the CNBC clown. He hasn’t been targeting us for quite a while and NOW he pops out with a dumbass tweet? Ignore it. + +Ignore Chode or whatever his name is. + +Ignore all the Motley Fool articles begging you to forget GME. + +Ignore Citron and Chumbawumba and Pachter and all these “experts” who care soooo much about your investment. + +Guarantee that Charles Gasparino will have something to say any day now. + +Ignore em all. + +Rage buy. Revenge DRS. Zen hodl. Repeat. +At my workplace, I am given a certain amount of hours for a task each week. If I don’t complete the task I’m told I need to do it in my own time. However I’m paid hourly. For example if they say it should take 4 hours and it takes me 6, they’ll pay me 4. I have frequently told them how we aren’t given enough time each week for this task and they say we are allocated enough time and it’s our fault if it takes longer. However, almost every staff member says they do unpaid overtime. +I rang fair work ombudsman and they said that they do have to pay us for the work we do (shockingly). +However I’ve come back to my workplace and said you need to pay me, and they’ve declined to do so, again citing it’s my fault I need more time than they allocate. +Am I wrong for wanting to be paid for how long the work takes? +Article: https://www.cnbc.com/2019/12/28/70percent-of-american-investors-wish-theyd-handled-money-different-in-2019.html + +CNBC is always biting at the bit to post a new doomsday indicator or tell you why this or that bear says the market will crash in six months. Bears should be held accountable and given a healthy dose of skepticism, not the front page. Invest regularly and don't wait six months for the crash that may never happen. +http://www.marketoracle.co.uk/Article48861.html + +I'm new to the term Carry Trade. The associations in the article are interesting - though I admit to not fully understanding them after reading this article. + +I thought the oil price was collapsing because the Saudis decided to overproduce to take new and upcoming sources off the market - and since many of the oil producing nations rely on oil to run their governments, they can't afford to stop their own spigots to reduce supply. + +Topics to be Discussed: + +* Overview +* Leadership +* Board of Directors +* Products, Services, and Technology +* Partnerships and Customers +* Competition +* SPAC Transaction Overview +* Financials and Fundamentals +* Forward-Looking Statements and Speculation +* Conclusion + +# Overview + +"Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. The Company has designed an end-to-end, flexible technology platform that delivers world-class performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers. Proterra has three complementary businesses: + +* **Proterra Powered**: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers; +* **Proterra Transit:** Leading North America as the market’s #1 electric transit bus OEM; and +* **Proterra Energy:** Offering end-to-end turnkey charging and energy management solutions. + +The Company’s industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems. + +Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. The Company recently announced the opening of a new battery production line co-located in its electric transit bus manufacturing facility in Los Angeles County. This battery production line was established within a year and demonstrates Proterra’s ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing." Pulled from [investors portal on Proterra's website](https://www.proterra.com/company/investors/). + +Proterra is going public via a SPAC merger ticker **ACTC.** A [press statement](https://www.proterra.com/wp-content/uploads/2021/01/Proterra-Release.pdf) released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". There is some speculation regarding the date; they’ve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week according to [this post](https://www.reddit.com/r/SPACs/comments/le6yur/proterra_actc_merger/) and [the SEC website.](https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude) + +**Investors:** + +Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC + +**Funds and Accounts Managed By:** + +BlackRock, Neuberger Berman Funds and affiliates of ArcLight. + +# Leadership + +* Jack Allan, CEO, from Navistar and Valspar +* Amy Ard, CFO, from AMG, PCC, and PWC +* Dustin Grace, CTO, from Tesla and Honda +* John Ensign, COO, from Tesla and Honeywell +* JoAnn Covington, CLO, from EA and Rocket Fuel +* Gareth Joyce, President, from Delta and Mercedes-Benz +* Rick Huibregtse, Sr. VP Engineering, from Remy and Delphi +* John Walsh, Sr. VP of Sales, from Rev and Davey Coach + +# Board of Directors + +* Jack Allen, Chairman from Navistar and Valspar +* Ryan Popple, Co-Founder and Executive Director from Tesla and KPCB +* Jake Erhard, Direct Nominee from ArcLight and Schroders +* Jennifer Granholm, Director **Secretary of the DoE** and CNN +* Constance Skidmore, Director from PWC +* Mike Smith, Director from Constellation +* Brook Porter, Director from G2VP and KPCB +* Jeannine Sargent, Director from Flex and Aerlikon + +I can't highlight Jennifer Granholm enough, she is the Secretary of the Department of Energy with a green Biden administration in a company that has 50% of the US Market already. Her CNN ties could prove to be an excellent source for PR as well. + +# Products, Services, and Technology + +As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. + +**Proterra Powered**: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. + +* DriveTrain [Technical information here](https://www.proterra.com/company/innovation/) +* Battery Pack [Technical information here](https://www.proterra.com/proterra-powered/battery-technology/) +* High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). + +**Proterra Transit:** Leading North America as the market’s #1 electric transit bus OEM. + +* [ZX5](https://www.proterra.com/vehicles/zx5-electric-bus/) \- Transit Bus +* [S1LF](https://www.proterra.com/vehicles/proterra-powered-vehicles/shuttle-bus/) \- Shuttle Bus +* [ZDi](https://www.proterra.com/vehicles/proterra-powered-vehicles/bustech-transit-bus/) \- Transit Bus + +**Proterra Energy:** Offering end-to-end turnkey charging and energy management solutions. + +* [Fleet Planning](https://www.proterra.com/energy-services/fleet-planning/) +* [Fleet Charging Infrastructure](https://www.proterra.com/energy-services/charging-infrastructure/) +* [Smart Energy Management](https://www.proterra.com/energy-services/energy-management/) +* [Pay-As-You-Go](https://www.proterra.com/energy-services/financing-your-charging-infrastructure/) +* See the full services information [here](https://www.proterra.com/energy-services/). + +# Partnerships and Customers + +**Partners:** Key strategic partnership with Daimler + +**Customers:** Daimler, Alabama University, ART, University of Montana, Atomic City Transit, Capitol Metro, CARTA, Chicago Transit Authority, Charlotte Douglas International Airport, City of Los Angeles Department of Transportation, CitiBus, Detroit DoT, DART, Duke University, JFK International Airport, Zion National Park, +100 more. + +Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. + +Two weeks ago they had the [largest EV bus deal in the US struck with Maryland.](https://www.bloomberg.com/news/articles/2021-02-24/biggest-electric-school-bus-deal-in-u-s-approved-in-maryland) + +# Competition + +Arrival, Hyllion, Nikola, Romeo. + +Proterra has an extremely large lead and has a distinct first mover advantage. The second place competition (Romeo) is still lagging *far* behind Proterra. + +**Real World Miles Driven:** Proterra has driven over 16mm real world miles, no other competition has driven any. + +**Revenue** (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. Proterra generated $193mm + +**Production Track Record:** Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. Proterra has been in production for \~10 years. + +**Manufacturing Capacity (As of 01/01/2021):** Only Proterra and Romeo. + +**Full Charging Solution (As of 01/01/2021):** Proterra only + +# SPAC Transaction Overview + +* Transaction reflects a $1.6Bn value for Proterra +* Proterra to receive \~$648mm cash at closing +* Proterra shareholders to roll 100% of their shares, expected to own \~69% +* $2.4Bn pro forma equity value +* $1.6Bn pro forma enterprise value + * 3.6x 2022E revenue of $439MM + * 0.6x 2025E revenue of $2,566MM +* \~$852MM cash on hand at close +* The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. +* Expected to close "first half of 2021", aforementioned above that predictions expect voting to happen in the last week of March/first week of April. +* [Form 8-K](https://sec.report/Document/0001213900-21-006284/) + +# Financials and Fundamentals + +**All data derived from SEC forms and the** [investor presentation.](https://www.proterra.com/wp-content/uploads/2021/01/ACTC-Proterra-Investor-Presentation.pdf) + +* **2025E EBITDA:** 21% +* **2025E Free Cash Flow:** $390MM +* **'20E-'25E CAGR:** 68% (Peer median 37%) +* **'22E-'25E Scaling Gross Margins:** 13-25% (Peer median 23%) +* **'21E Valuation:** 6.5x (Peer median 16.2x) +* **'22E Valuation:** 3.6x (Peer median 10.3x) +* These are very attractive valuations considering the growth compared to peers. +* **Trading Median (as of January 2021):** 1.6 transaction value/trading value (Trading median 3.1) +* **Revenue '21E:** $246MM (Peer median $120MM) +* **Implied Enterprise Value of Publicly Traded Mobility Tech Leaders:** $4.7Bn +* **Implied Enterprise Value of Publicly Mobility SPAC Transactions:** $4.3Bn +* **Implied Enterprise Value of Proterra:** $1.6Bn + +**Let's do a little evaluating ourselves:** + +**Shares outstanding post-merger:** 240.1MM + +**Based on January ACTC prices pre NASDAQ sell-off:** $24/share + +* 240.1MM \* $24/share = 5.76Bn Market Cap +* Let's find Proterra's value here without the SPAC shenanigans. +* 5.76Bn - $852MM = 4.91Bn Market Cap without SPAC cash +* 2022E estimated revenue is 439M +* 2022E adjusted .7561 for present value is 332M +* So unadjusted EV/Rev = 11.18 +* And adjusted EV/Rev = 14.78 +* Competitor EV/Rev = 10.3x on average for 2022E +* Proterra claims an 84% premium +* 1.84 \* 10.3 = 18.95 +* So the industry metric is 18.95x. + +**UNADJUSTED:** + +* 439 unadjusted x 18.9 = 8.3B +* Add the cash from the SPAC: $852mm +* $9.162Bn unadjusted market cap +* 9.162/240.1 = **$38.16 unadjusted** +* 9.162Bn - 5.76Bn = **3.402Bn undervalued** + +**ADJUSTED:** + +* 332 \* 18.9 = 6.274Bn +* Add the cash from the SPAC: $852mm +* $7.126Bn adjusted market cap +* 7.126/240.1 = **$29.58 adjusted** +* 7.126 - 5.76 = **$1.366Bn undervalued** + +**Average between adjusted and unadjusted:** + +* Dollar value: $2.384Bn undervalued +* **Fair share price: $33.87** + +[Here is another analyst finding it undervalued in a similar way on Feb 10th.](https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/) + +*Let's think about that for a moment...* + +As of this writing ACTC is trading at $15.65, based on purely fundamentals without speculation it is trading **116.42% below it's actual value.** + +Forward Looking Statements and Speculation + +* [Vehicle to grid technology](https://en.wikipedia.org/wiki/Vehicle-to-grid) +* [EV Construction Equipment with Komatsu](https://www.proterra.com/press-release/komatsu-electric-construction-equipment/) +* [Delivery Truck](https://www.proterra.com/applications/last-mile-delivery/) +* [Garbage Trucks, Tractor Trailers, Big EV Vehicles](https://cleantechnica.com/2017/02/02/garbage-trucks-buses-time-start-talking-big-electric-vehicles/) +* [Bus Market Projected to be 50% Electrified by 2025](https://www.researchandmarkets.com/reports/4733461/global-electric-bus-market-opportunity-analysis) +* [California Transitioning to All Electric Bus Fleet by 2040](https://ww2.arb.ca.gov/news/california-transitioning-all-electric-public-bus-fleet-2040#:~:text=SACRAMENTO%20%E2%80%93%20The%20California%20Air%20Resources,air%20for%20all%20of%20us), same link 25k of NA buses must be 100% emission free by 2040 +* [Zero Emission Buses Now 26% of Active Bid Universe](https://www.nfigroup.com/2019/04/15/nfi-group-announces-first-quarter-2019-deliveries-orders-and-backlog/) +* [Proterra’s Customers Operate Over 30% of the N.A. Transit Bus Fleet](https://www.transit.dot.gov/sites/fta.dot.gov/files/Electric_Drive_Bus_Analysis_0.pdf) +* [TAM $260Bn](https://www.sec.gov/Archives/edgar/data/1820630/000121390021001584/ea133141ex99-2_arclight.htm) +* [Established Partnerships Serve a Target Segment Market Opportunity of \~175,000 Annual Vehicles](https://www.freedoniagroup.com/industry-study/global-bus-market-by-product-and-fuel-type-6th-edition-3509.htm) +* [Proterra CURRENTLY has 50%+ Market Share](https://www.transit.dot.gov/ntd/data-product/2019-annual-database-service-vehicle-inventory) +* [Current and Future Prospects: Not Just Creating Electric Buses, They Run The Entire Ecosystem for Large Scale EV Fleets](https://www.proterra.com/energy-services/) +* [Massive Green Initiative from the Biden Administration](https://www.whitehouse.gov/briefing-room/statements-releases/2021/01/27/fact-sheet-president-biden-takes-executive-actions-to-tackle-the-climate-crisis-at-home-and-abroad-create-jobs-and-restore-scientific-integrity-across-federal-government/) +* [The Biden Climate Plan is a $2T Plan](https://www.nytimes.com/2020/07/14/us/politics/biden-climate-plan.html) +* [Jennifer Granholm is impatient and wants results, she is the Secretary of the Department of Energy....and a Proterra Board Member](https://msmagazine.com/2021/03/08/table-for-12-jennifer-granholm-biden-cabinet-pat-mitchell-energy-secretary-green-energy/) +* [Proterra ALREADY has a ton of customers, and is striking new deals almost weekly this year](https://www.proterra.com/company/our-customers/) + * [Like the Komatsu deal a month ago to create EV construction equipment on Feb 8th](https://www.worldhighways.com/wh2/news/komatsu-and-proterra-e-excavator-prototype) + * [or when Volta selected Proterra to be a battery provider on Feb 17th](https://www.prnewswire.com/news-releases/volta-trucks-selects-proterra-to-supply-the-vehicle-battery-for-the-full-electric-volta-zero-301229560.html) + * [or when the Biggest Electric Bus Deal in U.S. was Approved in Maryland on Feb 23rd](https://www.bloomberg.com/news/articles/2021-02-24/biggest-electric-school-bus-deal-in-u-s-approved-in-maryland) + * [or when Montgomery County Public Schools approved the nation’s largest procurement of electric school buses on February 25th](https://www.automotiveworld.com/news-releases/proterra-montgomery-county-public-schools-approves-nations-largest-procurement-of-electric-school-buses-with-highland-electric-transportation/) + +# Conclusion + +Proterra is not only the most undervalued stock on the entire market, it's also positioned to be one of the best performing companies over the next several years. With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). + +The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. When people realize what is actually happening here and what this is about to become, I think the hype and excitement has the potential to drive these prices much higher. I see a TSLA situation brewing. No not because it's just another EV company, because it's an established, well-connected, constantly growing *commercial* EV company. + +**Bear Case:** I literally can't think of one aside from the merger falling apart. If someone could provide a bear case in the comments for Proterra (assuming the merger is successful) I would love to discuss it, because either I'm missing something glaringly obvious or this might be my greatest pick. + +**How to Play?** + +I am long on this with my shares. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. If you want to just play the merger that's an option too. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. + +1. Buy shares, ACTC will change to PTRA after the merger. Shares will be 1:1 +2. Warrants, ACTCW, if you're not familiar how warrants work they are essentially call options with a fixed strike price of $11.50 +3. Calls, I think virtually anything listed is going to print (aside from 03/19) +4. Selling puts, the premiums are hefty so either you'll get a nice premium or you'll own some shares at a really nice discount. + +**Positions:** + +3,865 shares @ 22.37 + +10C 04/16 $20.00 + +12C 05/21 $22.50 + +17C 05/21 $25.00 + +6C 08/20 $35 + +**TL;DR:** Fundamental's alone show this company is already **116.42% undervalued**, factor in hype, forward-thinking, IPO, etc. and I can't even come up with a PT. I would *expect* a PT post-merger to travel upwards to \~$50-$60 and settle back down no lower than $34. EOY my prediction is \~$70-$80. 2025 prediction is \~$300-$500. I recommend you read. I wouldn't want to gloss this one over if I were you. If you prefer you could simply check out [their investor presentation.](https://www.proterra.com/wp-content/uploads/2021/01/ACTC-Proterra-Investor-Presentation.pdf) + +**EDIT:** The 10.3 factor is from an EV basket that includes many direct and indirect competitors. The list is in the presentation. + +**EDIT 2:** This is a fundamental DD. There are a lot of comments regarding other competitors not mentioned. Most of the companies not mentioned were including in the 10.3 factor for diversity. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. They don’t just make buses. + +**EDIT 3:** Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. I think this is an excellent play, now you just need excellent timing. + +**EDIT4:** Added “2025E” to EDIBTA + +*Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. Any words urging someone to do something is only going as far as suggesting they do their own DD, it is in no way an attempt to convince anyone to make any financial decisions. Plus...this thing doesn't need to get pumped. I'm just trying to share the find.* +AMC was never a play. Ever. Absolutely never. + +Read all before you waste your time typing a novel. + +I was active on the original WSB for over a year prior to the initial GME hype phenomenon. GME had been talked about for months leading up to that initial spike at the end of January. AMC was NEVER talked about. The first time I ever saw anything about AMC was on January 27th. Believe me when I say I was on WSB for an unhealthy amount of time on a daily basis, losing lots of money on options. Fun stuff, yet I never saw anything about AMC. + +(Oh and before someone spends an hour looking back through WSB to find an old post with AMC... I actually don’t fucking care. Always sorted by “Hot” and none of that shit stock was ever hot.) + +Unfortunately a lot of the newbie influx at the end of January went to AMC (probably because it’s cheaper) but they really got blindsided. At the same time as they’re diving into WSB for the first time, the hedgies (or some retards) dove in saying to buy AMC and they fell for it. Just because it’s also shorted doesn’t mean it’s anything like GME. Before anyone could say anything to save them the AMC holders believed they were on the same rocket as GME and that “we’re all together” and anything anti AMC is a shill. I genuinely feel bad for these people. + +Here’s my prediction on why the surge in AMC recently: + +Going with what another user said in another post, they will try and lump AMC to GME and make it seem that whatever happens to GME the same applies to AMC. They will make it appear they are on the same rocket. + +THEN once they’ve pathetically attempted to accomplish that, AMC will be pumped to create a FOMO (Fear of missing out) moment in order to make people think that rocket is outta here while GME isn’t moving and hope that apes sell GME to hop on the AMC pump rocket. Then the classic AMC dump to the dirt and the hedgies get a double whammy. + +Now obviously apes are smart and won’t fall for that shit, but the hedgies have to try. You don’t just lose trillions without trying everything. + +Just my guess. + +The way I see it the GME holders are in the middle of the ocean on a fucking CRUISE SHIP while the AMC holders are alongside floating on a fucking pool toy. Good luck to all. + +Bla bla none of this is financial advice bla bla stfu. + + + +Edit: One thing I want to point out that I think is important is that GME was talked about on WSB far back in 2020 because the company had a FUTURE PLAN with pieces falling in place. Short squeeze wasn’t on the radar until mid January. Now it’s the icing on the cake or the cake on the icing. + +I’m a smooth brain and will let you take that info and compare to AMC. + +Edit 2: Allow me to direct your attention to my guess on the hedgies plan section. TLDR: watch for the fake squeeze distraction. + +Edit 3: I’m so glad so many people hold amc and gme. I love reading the hundreds of comments about people holding amc and gme. You mind as well keep holding cuz selling only helps hedge bobs. (NFA) + +Read this + +Read this + +Read this + +Read it + +Down here + +Here it is + +What I am saying is that what I saw in WSB back in late January was this + +1. GME was center stage play +2. As GME ripping AMC RANDOMLY ARRIVES +3. People diving into this random pop up stock + +Now you’ve all seen silver, RKT, etc. and called them distractions / pump and dumps. Anyone who supports them is shill and FUD. + +Well that’s how AMC turned up to the party. That’s all. + +Maybe you turned it into a squeeze play and that’s great. I hope it happens. Selling AMC helps the hedgies and buying it hurts the original baby. Our precious GME. +What's the right course of action? I only found out recently that someone has been using my ssn to make payments. My credit score right now is about 700 due to this person. + +Edit: I have yet to open a credit card and actually discovered after getting denied from a credit card. This looks like synthetic fraud and I'm going to go ahead and lock my accounts +[https://i.postimg.cc/RF6KfX7J/eq.png](https://i.postimg.cc/RF6KfX7J/eq.png) + +[https://postimg.cc/vg4NM91S](https://postimg.cc/vg4NM91S) + +A total of 756 trades have been done so far this year. + +99% done with algorithms, a few manual stock trades in there but nothing big. Im up roughly 60% on my total equity so far this year. + +The 756 trades have been done by 18 algorithms, all self made and they are running 24/7, meaning i never turn them on and off manually, i always let them run no matter what. + +Timeframes include: Daily, 2h, 1h, 30m, 15m + +Markets include: DAX, DOWJ, SP500, NQ, EUR/USD + +The software im using is called ProRealTime, it looks like MT4 and the others. My broker is IG. + +Ask me anything! \*except giving away spesific strategy details + +Edited to the exact trade number in post, 756, not 800. + +Edit: +I'm legitimately blown away how many people I see defending the banks/credit companies banning crypto purchases as some type of attempt to protect their customers from a volatile market. Credit is predatory by nature. The bank doesn't care when you max your card out on alcohol, designer clothes, gambling, or any other worthless and risky commodity. Your bank doesn't give one single tiny little shit about you in any way beyond your capacity to generate revenue. You are a revenue generating unit and nothing more, end of story. They are building artificial barriers to crypto because they view it as a direct and fundamental threat to their industries... and with good reason, because it is. The reality is anyone who invests wisely in crypto right now is going to make a significant ROI over the next few years, opening up the opportunity to pay off large balances, which decreases the revenue they earn from interest. This is nothing more than a desperate attempt at self preservation. + +Again I would encourage anyone who has their bank or credit card company create a barrier for them to purchase crypto, to immediately end doing business with that institution and make sure they know why. If my bank halts my purchases, I'll liquidate my account and close it the same day. Same goes with my credit cards, they will get cut up and never used again. DON'T bend over for them. + +EDIT: Also massive downvoting of anti-banking sentiment and massive upvoting of the 'banks are looking out for you, this is a good thing' sentiment. The shill bots are out in force. +*(I hope this okay to discuss here.)* + +I was kind of inspired to post a discussion about this, after it recently came up in another thread. + +I finished school in 2010, I'm now 25. And I've only just learned in depth about the world of finances and specifically how to handle my finances. *(With majority of the credit going to this sub)*. + +It's taken me nearly a decade to learn about finances, post-education. Some people will be different, but the general trend I see in this sub is that most people who come here seem to have very little knowledge and are looking to learn and put things into action. Some of you will be older, younger. But the trend seems to stay the same. And that is that many of us basically had zero education when it comes to finances. + +It almost seems baffling, even a little crazy, that I am in a better financial situation and have more knowledge thanks to... Reddit? I think if you said to someone, they'd probably look at you in confusion or think you're mad. *(Not saying Reddit is entirely useless, it has it's uses, but it's usually not the first you'd think of for advice)*. + +So why on earth is there literally zero, at least in my experience and what seems like many others, financial education throughout school? How is it that the national curriculum seems to miss out arguably the most important lesson to learn for post-education life? + +I know so many people around me, my age or close to my age, with basically zero know how on how to handle their money with basically zero investment. And it's really quite scary. I've tried to spark conversations over what would seem like simple things like pensions for example, *(I know, it's probably not the most exciting conversation)* and some don't even know that they are enrolled into the company pension automatically. + +So, is there any legitimate reason why the subject isn't taught throughout education? Even if it's just the basics, it's better than nothing. Or is it just that our educational system and government is just that incompetent? *(I mean, that probably answers itself..)* + +Thanks for taking the time to read. + +*Edit: Wow, this really blew up. Some really good opinions and discussions here. Thanks everyone!* +I don’t get what the hype about palantir is. I feel like people always have the same feelings when a new tech stock comes out thinking it’s the next apple. Can some explain all the hype? +Hello im a crypto trader, ive made many trades from october to now, from 400$ to 4.2 million, i now want to start trading the forex with 100k + +My method of trading involves using 50:1 margin with all 100k on leverage, (ive tried this on the demo) this how i did in crypto, i was extremely successful with demo accounts + +My question is will i able to duplicate the same results using platforms like OANDA or should I look somewhere since i need my orders to be filled semi instantly and i usually sell at 10k profits usually so 3-10 pips,( is this feasible with my margin on a platform?) + +Ive tried searching online but most people dont seem to follow this strat + +EDIT: i dont really reddit much and just made this account when i was young and a troll so i dont know if im doing this reddit thing right +i receive a ton of usefull information and help and even some job offers, some people actually recognize who i was from the crypto community +, im going to continue my research and probably enter the forex market; the latest in june, so expect an update from me mid/late summer + +Thank you all for the help and information you provided! i hope it helps others who had a hard time finding stuff like this online like me! +During the BRICS Summit, Russian President Vladimir Putin announced that the five-member economies — Brazil, Russia, India, China, and South Africa – plan to issue a “new global reserve currency”. + +Additionally, Turkey, Egypt, and Saudi Arabia are considering joining the BRICS group. Analysts believe the BRICS move to create a reserve currency is an attempt to undermine the US dollar and the IMF’s SDRs. + +Edit: they want to use minerals such as gold, silver, uranium, nickel, copper as currency. Tangible things. These countries have a shit ton of those minerals. + +Source: https://www.themorning.lk/russia-china-brics-plan-new-intl-reserve-currency/ +Good morning everyone, it’s Monday and time to start the trading week! + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: GME, KOSS, PENN, YALA, NGA, NNOX, EBON, BA, RIDE, GRWG, SPCE, MVIS, AMC +* Gapping DOWN: MARA, RIOT, DKNG, EYES, VUZI, CLSK + +**Stocks Under $10** + +1. CHEK: Gapping up on news of FDA IDE approval. Seeing good volume and price action in the premarket. Premarket high of 3.76 at the moment. +2. NTEC: Gapping up after announcing merger agreement. Seeing good volume and price action in premarket trading, I'll be watching to see if the momentum continues. +3. FAMI: Gapping up on news of multi-product US export order. Seeing good volume and price action at the moment, but I'll want to see if the momentum can pick back up. +4. ACER: Gapping up but couldn't find a catalyst. Seeing some weakness in price action at the moment, so I'll want to see a revival before market open. +5. AZRX: Gapping up but couldn't find a catalyst. Also seeing some weakness in price action right now, so I'll want to see the momentum pick up again, and get back up over 1.71. +6. SLGG: Gapping up on news of partnership extension. Seeing decent volume and price action at the moment, I'll be watching to see if momentum continues. + +Stocks were up in premarket trading, but now we are looking at a bit of a mixed open. SPY is currently trading at just under 394, and given that we are still hovering near ATH levels, there could be some choppiness this morning. I'll be keeping an eye on UVXY to play any volatility we may see. Hopefully that won't be needed and we see another strong day in the market. Bitcoin is pulling back a bit this morning, after pushing to new ATH this weekend, and currently is trading around 56,000. Government officials in India appear to be working on a law to ban cryptocurrencies, so this will be important to follow. Bitcoin-related stocks are trending down in premarket trading, but I'll still be keeping a close eye on these today. Gold and silver are both up at the moment, and oil is slightly in the red. GME is currently up in premarket, and I'll be watching it throughout the week as there should be more volatility. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +Hello, my new finance professor has been teaching us about how the Federal Reserve is screwing the government by forcing the government to pay interest on the money the government borrows. He believes the government should print money, therefore they wouldn't have to take on so much debt. + +Is this true? +I've seen Jim Rogers and others warn about unsustainable debt leading to a crash and then depression and hyperinflation. + +I'm not saying that this will happen, but if it does what will it do to home prices? You've got a depression so people can't buy homes or pay their mortgages, but with inflation hard assets like houses could appreciate in nominal terms. + +What happened with house prices during the stagflation of the 1970s, or in other similar situations? +Looking for suggestions on higher cash flow California real estate investment ideas? + +My wife is inheriting a $2.5 million California rental home, rents $5000 month but after reassessment for property taxes, yearly cash flow will only be $25,000. As we are retirement age, we’re not looking for high effort rehab or high risk. Our comfort level is paying all cash for turnkey property or properties and using quality professional management. True California CAP rates are low, especially on inner Bay Area multi-units, deals are selling at 3-3.5% CAP on current rents with professional property management. + +My ideas +1.) Buy five or six single-family rental homes near a CA State University, such as Sacramento State. CAP rate estimated 4%. +2.) Buy approximately 20 to 25 apartment units in outer tertiary market such as Yuba county or similar. Focus on well-maintained buildings and section 8 rents. CAP rate estimated 5.5%. + +Any better ideas from this fine group? +**What is PlayFi?** + +PlayFi has taken traditional DeFi to the next evolutionary step. Every aspect of our protocol supports the rapid growth & adoption of the native token $PLAYFI. We provide an NFT platform and a feature rich DApps suite, allowing creators to monetize their skills with silky smooth ease of use. + +***Please visit the website, there is a lot more information there!*** + +**Website**: [https://www.playfiplatform.com/](https://www.playfiplatform.com/) + +**Twitter**: [https://Twitter.com/PlayFiPlatform](https://twitter.com/PlayFiPlatform) + +**Current Marketplace Issues** + +The issue with the new projects nowadays is that they are simply copy-paste projects with no meaningful improvements made. + +This leads to the inevitable “dead project” when everything is based solely on marketing. + +For a token-based protocol to succeed & thrive the token must serve as a utility in it’s ecosystem in a multi-faceted way. + +**$PLAYFI** will have an array of use-cases driving demand up for early-adopters while attracting partners & exchanges. + +**We Are Not Hype Driven. We Are Product Driven.** + +We are building Evolved De-Fi Tools of the modern era for all. The “PlayFi-Ecosystem”. + +PlayFi has taken traditional DeFi to the next evolutionary step. Every aspect of our protocol supports the rapid growth & adoption of the native token $PLAYFI. + +**DUAL YIELD**. 8% Reflection Yield of all transactions directly to holders + PlayFi Yield Farms. + +**PERPETUAL LIQUIDITY**. 3% of all transactions auto-locked into liquidity contract with BNB pairing + Liqudity provided from Yield farm LP. + +**The PlayFi-Ecosystem** + +The PLAYFI-NFT platform is a suite that provides users a seamless way to create NFTs with templates, design tools, mint them, and sell them on the PLAYFI market place. The cost of minting NFTs and currency of the marketplace will be $PLAYFI. The inherent issue with NFT value is that it lacks utility beyond the art especially if the maker is not a renowned artist. PLAYFI-NFTs will have an innate utility that allows owners to stake PLAYFI-NFTs and farm $PLAYFI. + +**Native Token:** **PlayFi** + +**Ticker:** **$PLAYFI** + +**Website**: [https://www.playfiplatform.com/](https://www.playfiplatform.com/) + +**PCS Presale**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf7689eba751cd22cb7982d8e0ef497497e0937bf](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf7689eba751cd22cb7982d8e0ef497497e0937bf) + +**Contract Address**: 0xf7689eba751cd22cb7982d8e0ef497497e0937bf + +**Telegram**: t.me/PlayFiPlatform +You can think of Gen 0 kitties as tokens. Gen 0 kitties are created every 15 minutes, put up for sale, and all of the profits go to the creators of CryptoKitties. Gen 0 kitties are created for an **entire year** and we can expect the ETH they receive to be dumped back on the market. This might create a lot of ETH sell pressure just as the EOS ICO has. + +I'm not saying to grab your pitchforks by any means. I think CryptoKitties are cute as hell. I just wanted to throw this out there for anyone that didn't see the direct analogy. Based on the success of CryptoKitties, we might be seeing a bunch of clones in the near future-- a new kind of ICO. + +**EDIT: I'm not trying to say the two products are similar in any way, I am saying that the fundraising is similar.** + +Hi guys, I figured this would be the best place to ask. + +So just a bit of a background, I’ve managed to finally save £10,000 which is quite a milestone for me as years ago I used to be struggling with money. Anyway, I have a few outstanding debts that I would like to get rid of. I am in no means behind on payments and have paid on time for as long as I can remember, but I want to pay them off so I don’t have the burden of paying every month and start putting the money towards my savings again. + +I have a debt totalling £2174.97, I know it’s not a huge amount, but since I’m in a financial position where I could pay this off and still have a great deal in my savings, what do you guys think? I earn, let’s say £1.7k-£2k every month so I can earn it back in no time and the money I’d save if it were to be paid off would be tenfold. + +I would rather do it this way instead of getting a consolation loan as the majority of them have high interest.. my debt doesn’t have any interest because I’ve been paying on time so it obviously wouldn’t make sense to me. Sure, since the debt is just over £2000 I’d of basically worked an entire month for free if I did pay all of it off, but I feel like the reward of being completely debt free is much greater. + +So, use the money from my savings to finally be debt free and save more money every month, or continue paying in small amounts and keep building my savings? + +Any advice would be appreciated! + + +EDIT!!: Thank you so much for everyone’s replies, I didn’t think I would get this many and they are all great suggestions and answers. Some giving me the harsh truth which I need to hear, some are very informative, and others are congratulating. I suppose now the choice is up to me (as the debt is indeed 0%). I have read and listened to every single comment and I will take them all into account! Very helpful and appreciated. +XEQT/VEQT both overweight Canada by 20%+ of their total holdings. The Canadian economy is less than 5% of the world economy. Not only that but seems risky to be both getting paid in Canadian by a Canadian-based employer if you're in this scenario and then to also be over-weighing yourself in that country's economy (unless you're maybe American since the US companies are a proxy to the global economy). + +I realize that having Canadian bias can lead to better performance before [someone links this](https://www.canadianportfoliomanagerblog.com/home-bias-in-the-vanguard-asset-allocation-etfs/) but I'm not really talking about performance here. I'm talking about diversifying to decrease risk as a result. Even Vanguard put out a 2018 release on how overweight Canadians are domestically and how they should be around 4% iirc. + +I have a feeling that the reason people are going XEQT/VEQT is because they're really the only two cheap 100% equity all-world ETFs we have here. I personally think though that going something like a mix of XAW/VXC (which is 60% US, 40% world) and XIC (100% Canada) is a better way to get an all-equity portfolio without overweighing to the Canadian economy. You could for example do 90% XAW and 10% XIC. And again this is not because I have a bias against Canadian companies or think we'll do better or worse than other countries, I just think the asset allocation is too aggressively concentrated at home especially considering your finances if you go with XEQT/VEQT. +I tried posting this on another subreddit but it didn't work. I thought it might be of interest to people here. I went through my archives and put together the attached chart of GME stock float and short interest over the last several months. As everyone has noticed, the float number recently reported by Yahoo Finance looks to be off. I can't explain why, but based on my experience with such data, float does not fluctuate that greatly on a day to day basis. It will be interesting to see what the data bears out over the next several days. I hope this is of interest to followers of GameStop stock (I currently hold no positions in GME). + +https://preview.redd.it/ombohs8wo4n71.png?width=952&format=png&auto=webp&s=5f3ab305bf90e5d3f09471a3c4f0b75a253874dc +Hi, I am currently 18. I have inherited a million and so from the death of my mother 6 mos. ago. My mother was very frugal in life, she saved that money from working 8 to 5. I also never had a father. + Honestly, i feel really scared to spend that money. But for my financial stability in the future I need some advice on where I should invest it to. +I'm still on my first year in college. I currently enroll in a state University so I really don't have to think about tuitions and stuff. All i rly ever spend on is basic living expenses. Honestly, I'm not exactly financially literate and I don't have any idea where or who to go and trust with this amount of money. I also can't trust my relatives that much. +I was thinking about investing on a house and lot property, but every property in the city is too expensive and is out of my budget. I already have lots in our province on the process for changing of name titles, all of those are agricultural land i inherited from my mom. But the problem is I am also not interested in agriculture. +Currently, I have enrolled 240k into pagibig mp2 account and 300k into a 2 yr time deposit in some coop bcz it yields higher interest rates. I have also seen a property a little far from downtown which is exactly 1M. Should I buy it or should i invest my money somewhere else? +I’m 35 years old and I started my business of mobile DJ’ing four years ago as a way to make some side money. It’s taken off and I’m making more money then I know what to do with. I’ve never been much of a financial planner, I don’t have a 401k or any other investments for that matter. Everybody in my family has lived paycheck to paycheck for as long as I can remember and they have no assets to show for it. I’ve saved up something over $50,000 but it’s just sitting in my savings and checkings account. I’m also now making over six figures a year in profits and it’s still growing. + +I get a lot of different advice from a lot of different people. I’m sure it’s all good advice, but I just don’t know if it’s what’s best for me. People mention I should be buying my first apartment or condo, or buying a property then renting it out, my accountant says I should start a retirement fund, others say I should invest, others say I should travel the world... frankly it’s a bit overwhelming and I don’t know where to begin. I like to do my research before making any big decisions, but like I said I just don’t know where to begin. Are there any books or sites that you would recommend? + +I also feel like I’m being a bit frivolous with my new found money. My credit card bill each month is between 2k and 4k. Some of that is investing in the business or other miscellaneous business expenses, but a lot of it is going out to eat or drink, going on trips or vacation, or to buy myself nice things. Maybe I’m lying to myself I when I say that in my line of work of dj’ing and entertaining that there are a lot of events that I’m going out to network and build relationships, so it’s justified. But sometimes I wonder if it’s too much too. I feel like I’m definitely getting more care free about it as well and I might be biting off more than I can chew. I want to be more disciplined about my spending habits. + +TL;dr : I don’t know what to do with the money I’m making, I’m also spending more than I’m comfortable with. I want to invest properly in my future but I don’t know where to begin and I’m getting anxious about it. + +Edit: I don’t have any debt besides a work vehicle loan of about 12k. I paid everything else off recently including school debt and past credit card bills. My monthly credit card that I pay 2k-4K is accrued monthly and paid off every month, mainly just so I can get the points/cash back for them. +I work in Corporate America, and I also read a lot about it. I've noticed that common wisdom seems quite convinced: If you want any kind of meaningful raise, you need to switch employers. Strangely enough, according to my bountiful reading, these new jobs are rarely much different from the previous ones, management is shocked half the time by the decision to leave, and if they counteroffer it's rarely competitive. The common vote on personal finance and career reddits, Stack Exchange, and other websites and blogs all seem to agree on the "you must leave if you want money" advice, so I'm curious as to how this came to be and why it persists. + +My specific questions are then: + +- Is this actually true? Are there proper academic studies that show that job-hopping is a way, or perhaps *the* way, to get a large raise? Or is public opinion actually very confused? + +- If it is true, what's the cause? Is this some kind of market failure? EG bad incentives in management, cultural inertia, or perhaps just ignorance? Or is it actually a rational equilibrium? Are the costs of churn (lost productivity, recruiting, onboarding, etc.) actually very low compared to what it would cost to pay employees their market rate, even assuming management focused the raises on those most likely to leave? + +Toy example: A works for X, B works for Y, and C works for Z. Each employee wants a big raise, but their employers all decline. So A quits to work for Y, B goes to Z, and C goes to X, where each employer pays the new employee what it should have paid the old one. The firms save no money, and everyone loses on transition costs. + +tl;dr: Is there any research on the phenomenon of job-hopping as a/"the" way to get major pay raises? +I'm reading up on economics and I've gotten the basics of some stuff. Quantitative easing still gets to me. I know the central bank injects money into the economy by buying bonds and other financial assets but I don't get how this increases money circulation in the economy. +🚀 CardanoMini 🧑‍🚀 The only ADA rewarding token without bugs on BSC. + +💵 no BS literally buy MINIADA and receive ADA for hodling + +The first token to redistribute ADA almost real time , without contract issues ! + +🚀 🚀 🚀 + +Have you been looking 👀 around the blockchain for another project that may reach the heights of Safemoon and PancakeSwap? + +🤑 🤑CardanoMini, aims to solve that problem, we have created a limited supply token 📈 with huge upwards potential, the contract automatically redistributes CARDANO 💰 to HODLERS. + +You do not have to do any special claiming process, every single transaction will earn you ADA transferred automatically to your wallet. + +This token was a FAIR LAUNCH token, no presale so everyone has the ability to buy and earn. +We avoided bots at launch , no huge whales and currently by investing 100$ you become a whale 🤑 🤑 + +Heavy advertising to start today with crypto influencers across multiple social media channels. Airdrop giveaway also being confirmed for hodlers ontop of easy ADA rewards. + +A complete audit is available by @BSC_Community and Yolo Core team + + +Important Info : + +Telegram: https://t.me/cardanomini + +Contract: + 0xebdb291b25e6713edf030cf820778d7edee5d030 + +Website: https://cardanomini.cc + +Buy Slippage 15-17% + +Tokenomics : + +* Tokens:1,000,000,000 +* Max buy/sell: 1% of total supply +* Liquidity Locked + +Buy/Sell: + +15% Tax + +8% redistributed in ADA to hodlers + +2% to LP + +3% Marketing Wallet +2% Dev wallet(we use dev funds for buy backs and burns, to reduce circulated supply, improve our liquidity pool and generate volume and rewards for the community.) +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 5: + +**Company name:** Reckon Limited + +**Ticker:** RKN + +**Industry:** IT + +**Headquarters:** Sydney + +**Market cap:** $90m + +**Current share price:** $0.8 + +**P/E ratio:** 9.5 + +**1-year Performance:** \+68.42% + +**What they do, smoothbrain version:** the Diet, Sugarless, Caffeine-free, Clear Pepsi version of Xero + +**What they say they do, wanky version:** "Accounting software for busy people - spend less time managing your finances and more time on growing your business." 🍆👋 + +**What they do, actual version:** "iS tHiS tHe NeXt xErO?" Probably not. + +Sydney-based Reckon is a multi-purpose business software & solutions company that has been around since 1987 and provide a range of cloud and SaaS based services. These cover things like accounting, payroll, and POS (that's Point of Sale, not Piece of Shit in this case, retards). + +They officially divide their business into three core software groups: Accountants, Business, and Legal, but by all indications, it's the accounting portion of the company that carries the load financially. + +Their Legal system/team in theory looks like it has potential, with a lot of legacy users out there still on oldschool desktop instead of cloud software they could potentially convert over, however it looks like a drag on the company instead. + +They employ over 300 people, and their original founder/chairman is still involved in the business today. + +**What looks good:** + +* Profit after tax was up around 20% over previous period, while the bulk of their revenue (85%) comes from recurring subscriptions, aka reducing the reliance on necessarily needing to constantly acquire new customers to survive. +* Their annual user growth looks good, if not amazing. They've got over 100k of cloud users, with 35% growth in users annualised. +* They're positioned in a good place technically, with everything cloud and app-based, so they're not one of these older software dinosaurs that needs to rebuild everything to pivot. +* They provide a big-ass (I know we're Aussie, but whenever I type "big-arse" it looks like a drunken Irishman typed it, so "ass" it is) dividend for a relatively small-ass company. 5.7% is massive yield for a company of this size, meaning even if you just get a bit of Share Price growth on top of it you've already received returns that would make AusFinance moist. +* I'll say this for them; their front-end design and user experience on their systems, website, and even their annual report is slick and modern. Credit to their UX guys where credit is due. +* They've made some efforts to reduce their debt (more on that below) over the past couple of years, which is at least somewhat good to see. +* Their P/E ratio of under 10 is impressive and efficient given their market cap. +* They've been around since 1987, which is good in the sense that they're not some fly-by-night SaaS business that is likely to go under should you throw your dollars at them. + +**What doesn't look good:** + +* Lots of debt. Like, I believe the official term here is a "fuckload" of debt. Considering their size, even though they've paid down a chunk the last couple of years, having \~$36 mill or so of debt is hiiiigh. I get they need to continually fund development etc. to stay competitive, and release new products, but jeez. +* Considering how much they have spent on development per year, it doesn't look like any of the newer products they have pumped out have had as much effect on the bottom line as they should have. +* Their management/exec team are also on pretty BIG salaries for the size and revenue of the company. For a handful of them each getting paid $800k+ per year, you can only return me 20% growth in profit during one of the biggest tech booms we've ever seen? Eh. +* A heavily competitive space given the likes of Xero, MYOB, and other more famous names exist, and given how typically hesitant businesses are to switch over software platforms given the effort, may be hard to steal market share. +* The fact that you probably asked "Who the fuck are these guys?" when you opened this thread is a case in point regarding brand recognition. As mentioned above, they've been around since 1987... less money on pure development, and more on marketing needed perhaps? +* Past deals have fallen through that would have helped drastically reduce their debt, including one with MYOB a few years ago which would have bought in a cool $180m of revenue, however MYOB got cold feet, their share price plummeted, and has never recovered. +* Share price has declined significantly since their peak around 2015, and while it's climbed up a lot since its Covid-induced bottom in March 2020, it's still only back to hovering around pre-Covid levels +* Brand name is pretty stupid, I "Reckon". But then again, so is Xero. + +**Overall rating (strong buy/buy/hold/avoid):** This one is a little confusing to me, as the indications are there in terms of product quality, fundamentals of revenue, and tech capability that they probably should be bigger or more recognised than they are. This Covid "work from home boom" period saw many other software/SaaS companies share prices soar - so why didn't Reckon's? + +You'd think with the general appeal of tech combined with their pretty sexy dividend that more investors in general would have been drawn to this - perhaps it's the debt level that scares them off? If users are growing 35% annually, why isn't that reflected as well in their revenue? + +I'm flagging this as an AVOID personally, as it flies in the face of the indicators I usually look for financially to instead seem like it's not going to fly anywhere amazing in the near future. It may be one to try for those looking for a dividend investment with potential growth upside however. + +**Company website:** [https://www.reckon.com/au/](https://www.reckon.com/au/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/rkn](https://www.marketindex.com.au/asx/rkn) + +Feel free to add more DD/comments below. + +**Would you buy this stonk? Why or why not? Feel free to vote in the poll.** + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/m91bon/random\_stonk\_of\_the\_week\_xrf\_scientific\_xrf/](https://www.reddit.com/r/ASX_Bets/comments/m91bon/random_stonk_of_the_week_xrf_scientific_xrf/) + +[https://www.reddit.com/r/ASX\_Bets/comments/m3tllz/random\_stonk\_of\_the\_week\_gale\_pacific\_gap/](https://www.reddit.com/r/ASX_Bets/comments/m3tllz/random_stonk_of_the_week_gale_pacific_gap/) + +[https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) + +[/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/)[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +Edit: I also hate to be "that guy", but if you like these posts then please upvote the thread even if you don't like the actual stock, I know it's not as sexy as memes for that easy upvote juice but they take a fair bit of effort so... thanks 💘 + +[View Poll](https://www.reddit.com/poll/mec9nc) +I'd like to start a thread where everyone can share their financial overview for 2020 and we comment on each other's expenses/income. Different countries are of course not always comparable, so it would be worth mentioning where you live. + +Let me start off with myself. I live in Germany, 27M, live by myself and work in the science &amp;amp;amp; engineering sector. I only started investing this year, after the lockdown started. Also, I moved from the Netherlands to Germany in February and had some moving costs relating to e.g. furniture and administrative costs, but saved rent and food costs in January by living at my parents' house. Also, my income is somewhat higher this year due to some extra allowances and “delayed income” related to changing jobs (2000-3000€). + +[Sankey diagram](https://i.imgur.com/hjuawPg.png) + +EDIT: since some comments remarked on my high savings rate, here are a few reasons why I save so much: +* I live in eastern Germany where rent is cheap, while earning the same salary as someone with my position in western Germany. +* 2020 pandemic. I saved considerably on vacation, eating out, cafeteria lunch, etc. Apart from a short trip in January, all my other holidays were trips to my visit family. +* No car. I commute to work by bike. +* No spouse or kids. +* Free haircuts from an acquaintance. +Crude hit $19.92 a barrel in the US just now. + +Like in 2015, this price crash is an obvious temporary reaction to a perfect storm, and crude obviously isn't going to stay at historic lows for long. + +What I'm asking is; + +1) How is it so long, when the long term value of oil is profoundly unlikely to be permanently damaged + +2) If it is indeed rational to invest in Oil long-term at this price, how do I do so? I am UK based if that helps. + +See article for more details (apologies for the paywall) +[https://www.ft.com/content/bc938195-82d3-43eb-b031-740028451382](https://www.ft.com/content/bc938195-82d3-43eb-b031-740028451382) +**TLDR: The ETF IJR has 2,700,000 shares of GME available to borrow at 0.3% and is an iShares ETF owned by Blackrock (BLK). BLK has a total of 14 ETFs that contain GME totaling 6,698,453 shares and rebalance quarterly, so these shares will most likely be held through the MOASS. If BLK has been lending shares like this for weeks they hold the MOASS trigger making the SEC rule changes critical to clearing liftoff. Opinion: As Blackrock is a passive investment firm and the 4th branch of the government they won't sell anything during the MOASS prioritizing Citadel's demise to buy their assets on the cheap and stabilize the economy from their mountain of fuckery.** + +This isn't a new theory, but I still see people who seem to be wondering about the low borrow rate. Hopefully I can provide some food for thought/confirmation bias/something to be refuted so collective learning can continue as I'm smooth brained as the next. There may be some karma farming here as well because I rarely post and don't want to be kicked out of this sub in case of MOASS rule changes to combat shills. + +Poking around the Stonk-O-Tracker ([https://gme.crazyawesomecompany.com/about.php](https://gme.crazyawesomecompany.com/about.php)) I see the ETF data on the About page. I don't have access to [etfdb.com](https://etfdb.com) where this data came from, so if we're going with my confirmation bias the assumption is that this info is accurate, specifically the borrow rate. There are a few odd entries...some ETFs with 0 available shares and one with 2.7M coupled with a 0.3% rate – IJR. + +&#x200B; + +[Available shares and rates are all over the board, even within State Street's ETFs ](https://i.redd.it/rlgh1xr0jcu61.gif) + +That short hedge fund honey pot is an iShares ETF owned by Blackrock. All ETFs containing GME are listed here: [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME). The total number of GME shares tied up in ETFs is 9.5M making less float available during the MOASS. There are 14 in the iShares ETF collection totaling 6,698,453 shares. The share count came from the iShares info on each ITF from that list: [https://www.ishares.com/](https://www.ishares.com/) + +&#x200B; + +[IJR is the largest holder of GME in the ETF world at 3.6M shares making it the biggest short hedge fund honey pot courtesy of iShares by Blackrock](https://preview.redd.it/9p1bftw03cu61.jpg?width=1280&format=pjpg&auto=webp&s=e5dae95c93f6faabda5de6e77a167d5ba4478806) + +&#x200B; + +[Tally from iShares site of GME tied up in Blackrock ETFs: 6.69M](https://i.redd.it/3r3kodyl4cu61.gif) + +I have been wondering about the low borrow rate that has stayed fairly consistent while number of shares available fluctuates as does the GME price (watching iborrowdesk numbers). There has been some conjecture of supply/demand driving the borrow rate, but that didn't quite click for me. Investopedia says supply/demand is part of the equation, but collateral has a lot to do with the rate which adds another variable to it. It doesn't seem to be a reliable way to determine market sentiment or direction of price particularly when a stock is manipulated as much as GME. These 'smartest guy in the room' investor types aren't lending shares without being fairly certain the decision will make them money or making decisions without considering how they play out well into the future. + +Two theories seem to make sense to me–as I enjoy a nice bottle of Chianti and a bowl of french onion crayon soup by the fire, throwing my art college degree in to feed the flames. These include the market maker lending at wildly advantageous rates (major fuckery) or some whale setting a trap lending because they know where the stock is going, and \*spoiler alert\* it's not crashing. + +Cue Susquehanna and Citadel squeezing Blackrock for $500B on TSLA over the course of the last year, Palafox setting a bomb in the treasury market, the DTCC board power struggle, Griffin and HF cronies scooping up real estate via derivative collateral and buying some the most expensive properties around the world setting a bomb in that market, Blackrock having more cash on hand than they've had in a long while just in case of a market-wide fire sale, BLK being a passive management firm and going long to fund Cohen since the beginning of Chewy and now the turnaround of Gamestop–what else? How many reasons do you need to wipe out Citadel? + +The rate on iborrowdesk has been low since I started checking in March. Seeing that Blackrock is currently offering 2.7M shares at 0.3% makes my confirmation bias lean toward those ETFs with 0 shares having been drained already (conjecture). It seems like the best position to be in during an event like a GME squeeze/catalyst to a market crash would be to have set it up and have the trigger in hand–be first, be smarter. + +&#x200B; + +[GME shares locked in by quarterly rebalance schedule.](https://i.redd.it/r1jth0eiqcu61.gif) + +I think Blackrock won't be selling any of their loose \~2M shares during the squeeze as their goal is long term wealth and market stability i.e. removing Citadel. The latter is far more important than some short term gains to the fourth branch of the government who already holds massive cash reserves and trillions in assets. As soon as the last couple SEC rules are a go and they're sheltered from liability, it's in their best interest to make sure this squeeze is indeed the MOASS as there are multiple hedge funds to clear out as well as Citadel Securities holding hundreds of billions. + +&#x200B; + +EDIT 1 (as I assume there'll be more...due to smooth brain, crayons, art college, you know the drill). My confirmation bias jumped on the wikipedia definition of Blackrock as a an 'index fund and passive management firm'. As /u/[SneakingForAFriend](https://www.reddit.com/user/SneakingForAFriend/) pointed out they they have more active strategies as well. They are also a 'multinational investment management corporation' according to wikipedia again. Skepticism is welcomed and important. +As I sit here on the first day of the new year, writing this post, I think to myself how much can one human take before it's just too much? The world can just be an absolutely awful, awful place. + +I read these "stolen or hacked crypto" posts all the time. I always think, wow that person doesn't know what they're doing, shouldn't be investing in crypto in the first place, or that would never happen to me, because I'm super careful! Maybe they are just lying and trying to just get sympathy? Believe me, I wish I was. + +Although, the posts that seem legit I always try to help. Now, I am on the other side of it. Never thought I'd be here. + +I've been investing in digital assets since early 2016. I would consider myself pretty knowledgeable on all things related crypto/blockchain. I believe in the tech, I built my portfolio up for years and this is pretty much one of the only things I enjoy in life. + +I have a hardware wallet (Ledger Nano S) since 2017 and 4 different Metamask "hot" wallets. The hardware wallet consisted of 80% of my portfolio. + +Yesterday, I used my Metamask to access all my wallets for a balance status check before the new year. Everything seemed normal. After checking again late last night and after seeing one of my accounts showing as zero, I noticed every wallet was wiped. + +My only possible conclusion is that I clicked a malicious link while surfing the internet. The trojan must have somehow took control over my Google Chrome browser (or Metamask extension) while I was using it, while my ledger was unlocked. Checking the transactions times they were sent out around the time I had it open. Again, I never was prompted to accept or approve anything that I myself wasn't doing. It is frightening. + +As I look at all of my wallets today, I see zero balances and I am absolutely crushed. It took all my power to even get out of bed, file reports, and write this post today. + +I reached out and filed reports to my local law enforcement and the FBI. + +Checking the transactions, it seems like the wallets were completely wiped in a matter of minutes. + + + +Hacker's ETH address: + +0x365DB2B5722d13F431224066898b4CF8cA7AdFe5 + + +Address on all chains: + +[https://blockscan.com/address/0x365DB2B5722d13F431224066898b4CF8cA7AdFe5](https://blockscan.com/address/0x365DB2B5722d13F431224066898b4CF8cA7AdFe5) + + + +I'm hoping one of the wallets leads to a KYC connection, but obviously a long shot here. Super grateful for any research or help. + +Some of the crypto that was stolen: + +$ETH $MATIC $AAVE $TIME $OVR $ENS $ZRX $AVAX + +If the hot wallets were all hacked, it would not be the end of the world. I just don't understand how the hacker accessed my hardware wallet, too. Again, I was never prompted a transaction to approve. My seed phrase is on paper, stored in a safe, which no one has access to. My seed phrase has never been written down anywhere else, no computer, no phone, except on that paper in the safe. + +I know since it's self custody, it's obviously still my fault. Aside from probably accidently clicking a malicious link on the internet somewhere, I'm still at a complete loss of what I could have done better. A possible solution was to maybe have the hardware wallet on a computer I never touched - one that I never used the internet for, but this is all in hindsight. + +I've been on this computer for years and there's been a few times when accidently clicking something that starts an auto-download. Obviously, I am always quick to delete or disable those files. Maybe a virus file was lying dormant for months or years without my anti-virus catching it? Just waiting for the right opportunity? Maybe it is a Metamask data leak? I'm not sure. I like to think I'm pretty careful about my passwords and security. + +I mainly write this post to warn others. Even if you think you are safe, you might still be at risk. I guess with these advanced hackers now, all it takes is one wrong click. This was my life savings aside from a few emergency funds in my traditional bank. I don't think I will ever financially, emotionally, or mentally recover from this. It has affected my life tremendously. I hate to sound dramatic and be that guy, but I'm honestly at a point now where life doesn't even seem worth it. + +I'm trying my best to use the last of my energy to fight back. + +Any help at all is super, super appreciated and I hope one day to pay you back tenfold (when I can). + +Thank you. + +\--- + +TL;DR ledger nano s hardware wallet and Metamask hot wallets were all hacked. Did everything in my power to keep my crypto safe and still lost everything. Most likely from a miss click link -&gt; file download somewhere? Not entirely sure. My life savings gone. I am absolutely crushed beyond belief. Happy new year, this is the worst day of my life. + + +\--- + +UPDATE: Many have reached out and experienced a similar hack, multiple with hardware wallets too. So many others have messaged to try to help and I can’t thank you all enough. Doing my best to respond while working with exchanges, law enforcement, etc. + +I haven’t slept and working around the clock to try to bring justice to this. This is potentially huge and I don’t want others facing the same fate. + +Can’t comment on much right now, but learned so far of a new malware that can hack into many of different crypto wallets. Yes, seems like Ledger software too. Potentially promising. + +Compiling a comprehensive report when I can. +As a former libertarian, I've come to find that Austrian economics has ltitle to do with the facts of reality. The arguments of Rothbard, Mises, Hoppe and similar thinkers do not sound like they deserve to be taken seriously, particularly when Mises argues that his theory is unfalsifiable. + +Do any of the economists here find Austrian economics worth looking into? +Hi, + +My friend and I are moving into a flat together later this month. One room is clearly better than the other room, and we were thinking about what the fairest way to split the rent might be. + +This got me thinking, what would be the best, simple, price discovery process so that it reflects each of our "willingness to pay" while minimising downsides for each party? + +E.g. If we both right down what we are willing to pay for the nice room, there is a risk to overbid. + +Keen to hear your thoughts! +Some anecdotal observations about the state of the market, I've been tracking some properties that failed to sell at auction e.g. + +https://www.realestate.com.au/property-house-vic-brunswick-140848600 +Vendor bid at 1.25m. Relisted now as private sale for 1.32m + +https://www.realestate.com.au/property-townhouse-vic-aspendale-140563643. Originally listed for 740-780. Now listed for 935+ + +IMO the market correction still hasn't happened in many vendor's minds yet and they'll be in for a shock if they're ever forced to sell. For all the first home buyers out there, don't feel bad if you're "lowballing". Chances are, these prices are already overinflated for whatever reason. +12-6 months ago I got invited in pump and dump groups because I knew somebody that was in one or I was considered a relevant member on specific slacks/discords. + + +I never joined them because I always realized that the only people profiting in pump and dump schemes are the pump and dump creators themselves. Before they tell you what you should pump, you realize that you're pumping the coins they are selling. + + +Now even on reddit I am bombarded with invitations to pump and dump channels promising 100&#37; returns/week. + + +Don't fall for that. If somebody has a secret way to make money, he doesn't want to publicize it, unless you're needed to bring and risk your own capital in the first place. +I'm currently a senior software engineering manager at a FAANG. I'm contemplating batistaFIRE in a few years when I turn 40 to spend more time with adolescent kids. My thinking is to go back to an individual contributor software engineer role at a tier 2 or 3 company. I figure that I can get the job done in 20-30 hours a week and have plenty of time. This would give me some income still to subsidize our spending and healthcare plans for the family. I think I'd also enjoy just coding again after so many years in management. + +However, I do have my doubts: + +- Will I be bored out of my mind? + +- Am I too ambitious to actually follow through? + +- If I ever want to go back to a FAANG one day when the kids are older, will it be possible? + +- Will any company even hire me for a software engineering role after I haven't coded as my primary job for 5 years now? + +- Will I really be okay with the significantly reduced compensation? + +Has anyone done this switch before? How did it go? +I invest in equity with my mother’s account. She is a homemaker and does not come under any tax bracket. Would she have to pay LTCG/STCG upon selling of equity/mutual funds even though considering the gains of 1 year she doesn’t come under any tax bracket ? Highly appreciate an answer from someone having experienced the same. +>The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package. + +>The Labor Department said Thursday that initial jobless claims for the week ended Aug. 15 came in at 1.106 million. Economists polled by Dow Jones expected a total of 923,000. Initial claims for the previous week were also revised higher by 8,000 to 971,000. + +[CNBC article,](https://www.cnbc.com/2020/08/20/weekly-jobless-claims.html) +[Labor Department press release](https://www.dol.gov/ui/data.pdf) +https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining?utm_content=buffer73cd3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer +Newbie here. Bought in at 132 late last year with my capital being 6000. It's now whittled down to barely 2000 a thin line away from automatic liquidation. What to do? Sell calls to average down cost and take it when it gets assigned? Buy puts to gain more excess liquidity? Just sell? Tis an awful awful feeling this :( +The extra fed unemployment benefits ended September 1st. The stimulus checks were months and months a go, mortgage forbearance is over. Most states have ended the eviction ban. + +Why haven’t workers returned? Are asset prices so high that people are tapping equity from homes/stocks so they don’t have to work anymore? I find this hard to believe for working class folks who historically don’t own many assets. +Hello, + +My wife and I have saved about 2.1M USD in stocks and we are in our late twenties. I was lucky enough to be part of a recent IPO and stand to net an additional $3M USD over the next four years pre-tax if the price stays reasonably same. + +I got an offer from a very strong startup that has just raised series A. They are offering about 0.4% equity. They have a world class team very relevant to the space. Prior to the IPO, I was planning to quit and join them. Now, I am very confused and wanted to check with y'all. + +It feels like I'm throwing away solid $$ and a set path to FatFI in pursuit of even greater success with the startup. One cannot shy away from risk in order to achieve FatFI, but this time it feel different. With the startup, I can learn a lot and accelerate my career. If it gets a decent exit of 2B plus, I'd net more than what I would have had I stayed in my current role. But there's the obvious risk that comes with it and I'd have to bust ass for N years. + +We've worked really hard for all these years and my wife feels we should chill for a while and take the guaranteed path to FatFI. I have never worked in such an early stage company and the team is fantastic, making it very appealing. I feel I can risk it and join them given that we have saved far greater than our annual expenses and I could always choose a safer path later in life. + +How do I go about this? + +Cheers. +I've been trying to swim and stay above water and nothing is working. I'm starting to drown in third tunnel that I'm having a hard time seeing light at the end of... +[https://www.theglobeandmail.com/business/article-ottawa-confirms-75-per-cent-rent-relief-for-small-businesses-hit-by/](https://www.theglobeandmail.com/business/article-ottawa-confirms-75-per-cent-rent-relief-for-small-businesses-hit-by/) + +Outstanding. + +Don't EVER save again, everything getting bailed out when you borrow to oblivion. The only rainy day you got to think about is money raining from the sky. + +&#x200B; + +\*EDIT\* courtesy of u/kenazo: Ottawa, province, landlord and renter will each pay 25% link: [https://pm.gc.ca/en/news/news-releases/2020/04/24/prime-minister-announces-partnerships-provinces-and-territories](https://pm.gc.ca/en/news/news-releases/2020/04/24/prime-minister-announces-partnerships-provinces-and-territories) + +&#x200B; + +* It appears you NEED to be mortgaged for your renter to receive this benefit. Considering I own a commercial property cash, not too sure if the tenant can benefit from CECRA. If anyone can chip in, much appreciated. +Not sure if anyone else does this but decided on a whim to plot my historic earnings against the [Economist’s Big Mac Index](https://data.nasdaq.com/data/ECONOMIST/BIGMAC_GBR) - so the price of Big Macs every year. + +Whilst I’ve gone from being able to buy a mere 10,000 Big Macs per annum to over 25,000 the impact of inflation has really been driven home by this one indicator. Worst of all, seeing those years when I received only a ‘cost of living’ increase has shown how pathetic those are - i lost nearly 2,000 Big Macs one year despite a pay rise on paper. + +It’s a bit of a laugh and all caveats understood but shows how much inflation eats at your pay. + +P.S. your total lifetime Big Macs will be a sickening number. 🤢 +**TL;DR: GME's FTX token has 2nd highest volume around the time RC bought more shares. May be worthwhile to track correlation matrix of how FTX/crypto tokens track each other and the stocks that underlie them. Also, crypto token for BBBY (BBBY. cx) has biggest volume spike around Aug. 17th, for RC announcement of sale. Needs more digging.** + +&#x200B; + +https://preview.redd.it/skxjanlxu50a1.png?width=1930&format=png&auto=webp&s=8b9839fd24d755d43943e80f0e0744ca61b199eb + +&#x200B; + +Kudos to u/thebigfart123 and u/danceswith2socks for this rabbit hole and sourcing. I was digging into why GME FTX token had such large volume spikes on two different days: the "sneeze"... + +&#x200B; + +https://preview.redd.it/d0yzj4uzu50a1.png?width=920&format=png&auto=webp&s=54be02287b790c075351c5451be814f6bfb6000d + +...and March 22, 2022. + +&#x200B; + +https://preview.redd.it/1v4ehls0v50a1.png?width=802&format=png&auto=webp&s=03b76593c783abe084773967afb98bfdedf8aa62 + +I was originally digging into GME's FTX token volume to see if there was any overlap between the Ortex "glitch" from about a week or so ago. During that search, found that super high volume around March 22nd. + +However, the spike in volume started around the day before: + +&#x200B; + +https://preview.redd.it/q1oskwlrv50a1.png?width=806&format=png&auto=webp&s=79ed5c5153494f28313dc5da26a3051ad10eb0e5 + +Here's what GME's stock chart looked like: + +&#x200B; + +https://preview.redd.it/gw9e5i26w50a1.png?width=2292&format=png&auto=webp&s=eb4ee9574450fd83a42cc6390164706da590bb12 + +&#x200B; + +&#x200B; + +Here's the SEC filing page for RC Ventures: [https://sec.report/CIK/0001822844/amp](https://sec.report/CIK/0001822844/amp) + +&#x200B; + +&#x200B; + +https://preview.redd.it/iaznjpylu50a1.png?width=2566&format=png&auto=webp&s=5398e292887fd77ef8642213c87937022949a58b + +&#x200B; + +https://preview.redd.it/skx3ruwhu50a1.png?width=2504&format=png&auto=webp&s=3e6a7849c6d7ed1705ec43a9b50406d20c01ed65 + +I'll need to dig more into the timelines as to this and when the volume started going haywire on the FTX token...but because we can safely know that the token can trade at all hours of the day (vs. the stock market) it might be worthwhile to track WHEN the volume starts going crazy on tokens vs. the stock. + +&#x200B; + +**I talked in another post how BlackBerry's stock began trading A FULL DAY before the launch of the GME token:** + +&#x200B; + +https://preview.redd.it/bnmnpvmfw50a1.png?width=1946&format=png&auto=webp&s=dfc7b51b3ffcce9919a1a729742f2f1f97e4f252 + +&#x200B; + +&#x200B; + +**Eventually, it may be worthwhile (and I'll try myself) to track what the correlation matrix between the TOKENS vs. STOCKS looked like. Kudos here to what** u/BurnieSlander **found some time back:** + +&#x200B; + +https://preview.redd.it/t2fnpdwtw50a1.png?width=2002&format=png&auto=webp&s=9648305b6599f7ce7f5c049df0ed1afe8d37be02 + +&#x200B; + +&#x200B; + +Last thing: in a recent post, I talked about how there was already at least one BBBY token floating around before the sneeze called BBBY.CX and how its volume spiked the day of the sneeze on January 28th. + +https://preview.redd.it/3jkkopelw50a1.png?width=1564&format=png&auto=webp&s=d83eb9db15de31c1b1792a329e38420ad001aa7a + +It also spiked even HIGHER elsewhere. Went to look back at the same chart and someone is fucking changing it on me since I first posted about it: + +&#x200B; + +https://preview.redd.it/g77mdqmux50a1.png?width=1600&format=png&auto=webp&s=d97659e9567b05043d57fed93cc40f8c5eb664e2 + +&#x200B; + +https://preview.redd.it/5lla9z5kx50a1.png?width=1624&format=png&auto=webp&s=d0c5e24f01bc756f1d93a2eb5e7d9c7281823dbc + +The data SEEMS to line up so far but not sure why the chart looks like this. Either way...a giant spike on Wednesday, August 17th, 2022 for that token. What happened that day? + +&#x200B; + +https://preview.redd.it/ae85652ay50a1.png?width=938&format=png&auto=webp&s=b0ccbcc273125ad2279e915fd7a3ae388c7d681b + +I'm not really sure of what to make of this then just yet...but it seems like some of the crazy volume on the FTX tokens (and others) may be tracking SPECIFICALLY Ryan Cohen's buys and sells. + +Hopefully some of you can dig further into this. + +&#x200B; + +&#x200B; + +EDIT: words, formatting, tagging + +&#x200B; + +\---- + +&#x200B; + +EDIT 2: Double checking can someone explain this to me again: [https://sec.report/Document/0001193805-22-001199/](https://sec.report/Document/0001193805-22-001199/) + +RC's BBBY filing was on the August 16th date (even though the BBBY token biggest drop and the MSM articles came out the next day), what does the April 21, 2022 date refer to again? + +&#x200B; + +https://preview.redd.it/xeb4vx4lf70a1.png?width=2538&format=png&auto=webp&s=9097be283aca6270ed8b2776610fb075d7bb4deb + +per u/HereIGoAgain_1x10 **is this what you mean?** + +&#x200B; + +EDIT 3: Also a comment from dlauer....anyone looking or already tracking data analysis on these tokens? + +>dlauer: + +I think your correlation idea is right. The first thing to do would be to simply see how correlated token and stock volume is. I suspect they're extremely correlated - when there's a lot of stock trading, there's a lot of token trading. If not, then there's probably something to dig into to understand the conditions that drive differences. + +&#x200B; + +&#x200B; + +EDIT 4: some great comments. Here's one from u/outrageous-yams: + +>Hey isn’t FTX and alameda currently being accused of frontrunning ICO’s? (Basically insider trading + extra crime) +> +>Wonder if they’re doing something related to this too. +> +>No idea. + +This theory is spicy af....FTX/Alameda if they knew this was gonna happen frontruns the ICO for the GME FTX coins then dumps them + +&#x200B; + +https://preview.redd.it/422nnezaq70a1.png?width=1716&format=png&auto=webp&s=6fa4ed5ae6baf18db54fe2a103143ad06a99525c + +EDIT 5: yet another GME token to track found by u/anthonystephenmark called DGME: [https://www.coingecko.com/en/coins/gamestop-tokenized-stock-defichain](https://www.coingecko.com/en/coins/gamestop-tokenized-stock-defichain) + +&#x200B; + +Yeah, that was less than a week ago. Everyone needs to chill. Good things take time. Panic selling is the quickest way to lose all your money. Hold, accumulate and be patient. NOT FINANCIAL ADVICE, just my opinion. + +Let bitcoin build a base floor and consolidate, it will only give it more power when taking off next spike up. Every market has good and bad weeks, it does not mean it won’t reach a new all-time high tomorrow, next week or next month. + +For all the newbs out there, if you can’t handle seeing your portfolio drop 50% to 80% in hours, you should rethink your investments before you lose all your hair. This is what crypto does, and it goes both ways. + +I’ve been through multiple cycles and if there’s one thing I’ve learned, it’s that every time there’s a nice decline in price, the media/ retail investors think the world is coming to an end, only to contradict themselves the second it goes back up. + +Market manipulation is a real thing. Not everything you hear or read in articles is true. + +Think long term + +We are good people, PATIENCE IS KEY +The family has had a large windfall, how can this be used in the next decade to place everyone in a position to live their best life? 600k settlement that needs to create passive income for 5 adults long term. Real estate investing? Wholesale? Buying and flipping? Stock? Or something I haven’t even heard of? +Any advice or even advice on where to find these answers would be appreciated +I am probably highly biased because I am Korean, but I think there are more opportunities to be had in Korea over the US right now. +My screener shows me that there are a ton of profitable net net stocks in Korea right now. Aside from net nets which I'll be on the look out for, out of the bigger caps I am currently focusing on DB HITEK which has been constantly growing FCF and has a fortress balance sheet with a pe of 3 and a pfcf of 2.79 with roa roe and other margin ratios all growing +The reason DB HITEK fell to a 52 week low was because of a pending split-off of its most profitable section which was recently canceled. +I need to do a deeper dive on this company (havent read the annual reports yet), but the financials look fantastic. I was trying to avoid semiconductor companies, but I guess I'll have to learn asap over a meal with a buddy who works in the industry haha +I see a lot of firms investing in China now. I have to agree it’s a pretty good situation for Value Investors, companies with good numbers like Baidu, Alibaba, and Tencent are in a distressed situation that’s causing volatility and price decline. But there is so much shadiness involved with China can we even trust the numbers for these companies in the first place or should we be asking way more questions? What if China is just like a big Enron and the government is making companies post fake profits?What do you guys think? +Most financial experts recommend that you have somewhere between three months and six months of basic living expenses in your emergency fund. But corona probaby changed this. I am from a non-EU, recently moved to Germany and was wondering if holding a year of expenses \~12-17K (I am 27yo, single, software engineer) would make sense or if it is an overkill. Holding them in a back account does not seem to be much sense to me as there is no interest. How much emergency liquid is recommended to hold in Germany/EU? +Despite surpassing earnings forecasts, $CVS is down 5% on the day, and the stock has me very intrigued. The P/E on the company is about 12, while the forward P/E is under 10. The company pays out roughly a 2.7% dividend yield and has a relatively low payout ratio of 33%, plus CVS sells needs-based items. I haven't gotten a chance to listen to today's earnings call yet, but from what I've read, the company seems very optimistic about increased revenue from increased foot traffic from people getting COVID vaccines at CVS locations. + +What are your guys' thoughts on CVS? The valuation is very low for this market, and while Amazon could compete in this space in the future, I believe we are still a few years out from a serious push +Just wanted to get down in writing the value plays I'm holding right now. I am an investor who almost exclusively purchases cigar butts and companies with fundamentals that are trending in the wrong direction but the prices are too cheap to ignore. + +If you’re looking for great companies at reasonable prices, this won’t be the spot to find them. + +Not going to include a bunch of DD for each play, just a super quick summary of why I own a particular stock. Usually it's just because it's unjustifiably cheap in my view. Unlike many people on Reddit who seem to feel the need to read the 10k for every single company they research, and spend 100 hours on a single stock, I spend my time tracking and researching thousands of stocks, so very little time on an hours-per-stock basis. I have spent quite a few hours on some of these, but others are purely gambles. I’m not the smartest person in the room, but I’m pretty good at recognizing that and leverage the intelligence and research of others. + +I’ve been into passive investing for 20 years, and only actively picking stocks for 6 years. Im currently down 1.8% this year, and would be worse if I hadn’t dumped a bunch more money into the market in May and June. + +6 years isn’t very long, so I don’t think my success(57% yoy) is indicative of a great strategy moreso than luck, but I’m quick to change strategies if something isn’t working. GME gave me a 92% 2020 and 134% 2021, so that inflates things. + +As far as valuations go, these are all dirt fucking cheap... I'd say way way way too cheap and performance only needs to vary between 'don't go bankrupt' and 'mediocre' for most of these to be multibaggers. I'm sure at least a couple of these companies will be bankrupt within 3 years though lol. + +ADV(Advantage Solutions) - Got this idea from Klarman. It's one of his deep value plays around solving supply chain issues. + +CNDT(Conduent) - Cheap ass company, tons of insider buying, designed to help companies increase margins and a whole bunch of other shit. + +CPS(Cooper Standard Holdings) - Auto supplier that was left for dead. Poor performance compounded by semiconductor shortages. Priced for guaranteed bankruptcy at the bottom. Financing appears to be coming in, chip shortages are easing, this could be a 10-15 bagger from today's price. + +CWH(Camping World Holdings) - Got this idea from Marc Cohodes, DFV, and David Abrams. Sometimes I just need to park cash somewhere cheap until I find time to dig deeper. + +KD(Kyndryl Holdings) - IBM spin off. Can't believe how cheap this company is. I read Jeremy Blum's article on Seeking Alpha back in May this year. Decent shot at a 4 bagger from today's price. + +(Banned Ticker) - Towle brothers coming in with another solid deep value play. It's small, only 0.08% of their holdings. It's been a great play so far this year though. I'll probably start trimming soon, but should still be a double from here. + +KIRK(Kirkland's Inc) - I like the buybacks, I like the insider buying, the float is tiny, no debt, I bought back in may and am happy to watch this one play out further. Trading around book. + +HOFT (Hooker Furnishings) - furniture demand still strong, their backlog is massive, balance sheet isn't particularly scary, the insiders are buying like crazy, so did I... + +MAC(Macerich) - REIT, trading like dirt. They refinanced a whole bunch of their debt(around 80%) at the lows. Something their competition wasn't able to do. Which explains all the insider buying as of late. Solid dividend and should also be a 3-5 bagger. Really like this one. + +MTW(Manitowoc) - Towle brothers keep bringing me back in. It's cheap, I trust them on this one. + +OSTK(Overstock) - Not exactly the cheapest stock. Maybe slightly undervalued for the e-commerce business, but it's a bet that the market will price in the Medici portfolio sooner rather than later. Could be a dud, could also be a 20 bagger. Who knows. Trusting David Goone to get it done at the helm of TZero. + +PRTY(Party City) - Honestly... I bought purely because Clifford Sosin and DFV bought a whole bunch at higher prices lol. P/S=0.1. P/E=2. I am a gambler though. Gambling like this is an obvious no-no in the investment world, but IDGAF. If this one plays out well, hopefully the reason Sosin and Gill bought in will reveal itself. Plus gambling is fun for me. + +SPWH(Sportsman's Warehouse) - Their track record is too good for me to believe that they've all of a sudden forgotten how to run the business. Macro headwinds just handed this one to us. Burry thought the same thing and I don't know why he sold. + +TUP(Tupperware) - Turnaround is going according to plan, just slower than anticipated. Fernandez managed to pull this strategy off with Avon and I'm hoping he can do the same with Tupperware. + +XRX(Xerox) - Priced for absolute destruction, but a decent dividend and daddy Icahn babysitting is all I need here. Insider buying tells me they will be shareholder friendly. + +BBBY(Bed Bath and Beyond) - sub $10, it is worth the gamble in my view. Regardless of some potential squeeze, if BBBY finds a way out of the mess they are in, this should be a quick 3-4x. odds aren't great, but they're good enough for me at $10/share. + +WBD(Warner Bros. Discovery) - Everyone is convinced Zaslav is going to run this company into the ground and turn it into a reality tv trash service. I'm guessing that's partially why the price is so low. They are they only consistently FCF positive company between Netflix, Disney+, and Amazon Prime. + +BABA(Alibaba) - China is all about the QE right now, everyone knows BABA is cheap, the "China" risks actually seem way overblown in my view... like... wayyy overblown. + +LABU(Direxion Daily S&P Biotech Bull 3X Shares ETF) - Valuations in Biotech companies are at multi decade lows, balance sheets are extremely strong, biotech has typically performed very well in high interest rate markets. + +Anywho. These are my plays for now. Could change a little in 3 months.. could be the same for another 12-24 months.. who knows. +Malta's tax for non-domiciled residence on foreign income sounds too good to be true. + +According to many articles - [like this one](https://www.maltaway.com/en/non-dom-resident-taxation-in-malta/) \- as a non-domiciled resident, you only pay taxes if the foreign-sourced income is transferred to Malta. I'm a remote worker, and my salary arrives at a US account. Does this really mean that I'm tax-free in malta? Can anybody have a more official source or a good tax advisor to confirm? + +Besides the 5 000 EUR minimum tax, of course... +theoretical situation: + +you are older, disabled and receive some disability money and also have $400,000 cash to invest in a non-registered account (tfsa maxed), but you need to live off the income right away. which etf/stocks would you invest in TODAY? you can survive off $2000ish a month, but more is good of course + +thank you for your opinions +So purchasing MFs using Kuvera has become a nightmare. Customer support team is inexistant and these days I'm not even getting emails from them post placing an order or for unfinished order. + +Do we have any similar alternatives that would allow us to directly purchase funds from the respective fund houses (not in dmat format like coin)? +Facebook owner Meta Platforms (META) plummeted Thursday after it reported third-quarter results that fell far short of earnings estimates and offered a revenue outlook that missed the mark. Meta stock lost more than a fifth of its value before the bell. + +The company reported adjusted earnings of $1.64 a share on revenue of $27.7 billion. Analysts expected Meta to report earnings of $1.90 a share on revenue of $27.4 billion, according to FactSet. + +Meta stock crumbled 22.8% to 100.24 in premarket trading on the stock market today. + +The company reported adjusted earnings of $1.64 a share on revenue of $27.7 billion. Analysts expected Meta to report earnings of $1.90 a share on revenue of $27.4 billion, according to FactSet. + +Meta stock crumbled 22.8% to 100.24 in premarket trading on the stock market today. + +Meta Stock: User Count Meets Estimates + +The company expects fourth-quarter revenue to be in the range of $30 billion to $32.5 billion. The midpoint of $31.25 billion compares with analyst estimates of $32.3 billion. + +Facebook reported having 1.98 billion daily active users, meeting estimates and up 3% from the year-ago period. It had 2.96 billion monthly active users, also meeting estimates and up 2%. + +"We are making significant changes across the board to operate more efficiently," Meta said in its earnings release. +U.S Politicians Loaded Up on Energy Stocks Right Before the Russian Invasion + +Numerous politicians bought energy plays BEFORE their run ups, and general discussions on banning Russian oil. Many are on committees privy to private information, including Defense and Energy. Many had not purchased energy plays before. + +Just Some Examples: + +Marjorie Taylor Greene bought American oil stocks, $CVX, war stocks, $LMT, and renewable energy stocks, $NEE, ONE DAY before the invasion and also tweeting: "War and rumors of war is incredibly profitable and convenient." + +Robert Wittman bought $XLE (energy ETF) on January 28, 2022. + +Mark Green (who frequently invests in energy stocks) recently bought up to $1M in $ET (Feb 9, 2022) and over $1M in $ENLC (between Feb 9-18, 2022). + +Virginia Foxx bought $PAA, $PPL and $PSX on February 15, 2022 (energy stocks), which was reported today. + +What are Peoples Thoughts On This? + +Should Trading And Individual Stock Purchases from Politicians Be Allowed? +Economics and Finance are two subjects riddled with terminology, and I feel like the subjects are almost impenetrable to a layman like me! I go from wiki article to wiki article and end up feeling more confused than when I started. Where should I go to get a good grounding in the basics of these subjects so I can begin to understand how the world actually works? Are there any classic books I should read? OpenCourseware? Thanks. +And even when it does, it's hidden under the glossary. See for yourself - [https://www.sabsepehlelifeinsurance.com/](https://www.sabsepehlelifeinsurance.com/) + +Dhirendra Kumar wrote about this for ET this week - [https://economictimes.indiatimes.com/wealth/insure/life-insurance/term-life-cover-is-the-best-type-of-sabse-pehle-insurance-then-why-is-this-option-being-hushed-up/articleshow/90740154.cms](https://economictimes.indiatimes.com/wealth/insure/life-insurance/term-life-cover-is-the-best-type-of-sabse-pehle-insurance-then-why-is-this-option-being-hushed-up/articleshow/90740154.cms) + +Now majority of this sub will know the answer to why, but I'm just sharing it to show that perhaps IRDAI is still blind in its attempts to fully regulate the industry. Similar thing has happened in the past with the Aarogya Sanjeevani standard health plan. None of the major insurers advertise it or even have a major section for it on their website. + +It's worrying to see that this is what a common investor will look at (with all the ads these guys are doing) and never learn about term plans over ULIPs or endowment plans. + +Thoughts? +I have six 401k accounts, all with various balances (\~$5k-$30k) that remain in the employer managed accounts. I have never rolled them over, and in hindsight am regretting this. They are hard to manage being so spread around. Ideally, I would have preferred to roll them over to an IRA. + +What are my options here? Should I just leave them as be, and roll over future accounts? I can't seem to figure out what the standard procedure should be here. +You're a complete and utter fool. Let's take a look at the issues: + +1) No moat at all. Sure they have 50% market share but there are competitors. They're a delivery service - anyone can do what they do. Not only does this pose a risk to market share, but it poses a huge risk to the already thin profit margins. At some point (because of 2-4 below) they will have to lower their fees and take rate, which will hurt margins even more. + +2) No brand value or brand loyalty. People couldn't care less who delivers their food, as long as it shows up on time and hot. Early in COVID I was using Skipthedishes until I got frustrated with poor service so I left. There is nothing to keep customers loyal to DoorDash if someone else offers better service, or the same service at a better price. + +3) Restaurants hate them. DoorDash takes a huge cut, which forces restaurants to raise their prices. I posted an example yesterday about a sandwich I ordered that was $13.95 on the restaurant's online menu but $18.95 on the DoorDash menu. Restaurants have been using them out of necessity but they are already finding ways around it. Many restaurants offer customers incentives for picking up their food. There are reports of restaurants grouping together and doing their own shared delivery. There are even reports of enterprising people starting their own local delivery services at lower rates. + +4) Future growth will plummet. People have been using this service out of necessity but DoorDash doesn't provide a service that will permanently change the way people live. People love eating in restaurants and will flock back to them as soon as it is safe/allowed to do so. Do you really think that people are going to continue ordering in on weekends through an overpriced delivery service as soon as they can return to restaurants? + +5) The CEO reportedly defended the IPO price by saying they priced it at a level they thought fairly reflected the value of the company. That means the CEO thinks the company is worth \~$100/share. + +This IPO was purely a case of ownership taking advantage of timing to raise as much cash as possible. I wouldn't be surprised if this thing is trading at $30 a year from now. This is going to be the FIT or GPRO of 2020 IPOs. +Ethereum itself wasn't even supposed to be "The next Ethereum/Bitcoin". It still has a quite a few tribulations to face before it's where it was meant to be. But a chain of unlikely events is what allowed Ethereum to be here in the first place and is what's going to allow it to be top dog if scaling is successful. + +Between the Bitcoin ETF denial because it couldn't be governed, the scaling issue splitting the community into block size or lightning/segwit maximalists and the fuckton of backlogged transactions that people have to pay ridiculous mining fees to get through; Ethereum was given the once in a lifetime opportunity to overtake the King. + +Ethereum community took full advantage of this with all the EEA events, while rapidly accumulating the biggest names throughout all the major industries. Like a thief in the night, while BTC devs were twiddling their thumbs figuring what to do with scaling, Ethereum managed to address very crucial problems for bitcoin that other currencies don't really do for Ethereum. + +I'm not saying there won't be another Ethereum/Bitcoin, I'm saying the chances are very slim unless another DAO incident happens. But seeing as how swiftly that was taken care of with the hard fork, that still wouldn't mean a new Sheriff in town. + +My advice, rather than looking for something that will overtake Ethereum, find something that builds on it, like Factom. I don't hold the coin as I am plenty happy with my ETH, but just take what I say into consideration, do your research and investigate the team in thorough before making your move. +I've been collecting option flow data for the past couple of months. + +I've been anal-ysing yesterday's option data and i saw what looks like married puts and or can kicking. Upon closer inspection, i'm convinced they've kicked the can & created 1-2 million synthetics. + +I'm writing the DD now in understandable format but it will take me some hours to get it done. I can't tell you how jacked i am right now. +I am 43, 2 kids, I am breadwinner, wife is a good woman but knows zero about finances or cares. + +1. I currently have $2.5M Brokage Stock Account, mostly value stocks that I learned from Warren Buffett (From a high of $3.2M) +2. I have a paid for house ($750k) +3. I have a RE condo worth ($250k) +4. $500k in 401k + +I make around $200k gross (software engineer), I am a negative person and always worry about losing my job and unable to find another one. + +We have 2 very old cars, both are over 120k miles, I want to get a newer car, but the used car prices are crazy. + +Is there something wrong with me? + +&#x200B; + +Additional Information: + +I sold a website(side hustle) few years ago and got $1M out of it, that explains my net worth. I only make $150k and $50k is from Stock Dividends. + +I am a little bit depressed because I thought after selling the website, I can repeat my success, but time after time, it's failure after failure. Maybe it was a one trick pony, and I got lucky once. + +I am not a penny pincher, we actually spent all my salary money besides the dividends and maximizing my 401k, kids are not cheap, and I have no mortgage. If I have to buy a new car, it will have to come from the stocks. + +I came from immigrant family, my dad was very strict with money kind of abusive at times, don't even want to pay $10 for a school field trip, maybe that had impacted me a lot mentally, He saved about $200k in cash but only lived until 49 due to cancer. He worked very hard, and never really get to enjoy life. + +I never had anything growing up, I was told never to waste money, but i really don't want to follow his footsteps. + +If I make $500k per year, I don't think I will have a problem spending more money. + +Thanks for the great and thoughtful replies. +&#x200B; + +[Gotta have more DD - Christopher Walken](https://preview.redd.it/etc6x1qko9671.png?width=622&format=png&auto=webp&s=e37dd0262ea3ca1050ce7a877bdded647dffd7de) + +Hi apes, Bob again. yay [gamestop.com](https://gamestop.com) + +So I’ve been reading some really interesting DD lately from u/criand and u/dentisttft and I wanted to check out how things line up together and mix it into [my own forward looking DD on Option related FTD cycles](https://www.reddit.com/r/Superstonk/comments/nsyw3k/ftd_cycle_mapping_into_the_future/) that are actually based off a DD that u/criand posted a while back on [T+35 into ♾ Loop T+21 cycles on Options](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). Using that information, I was able to extrapolate dates (**no dates**) and predict large stock movements over the past few months. Like my wife's boyfriend always tells me: "You'll have to trust me" on this because I never posted anything on it before the DD linked above. If you think I'm full of shit, that's OK too, you can follow these instructions to make me feel better about you not trusting me: + +1. Find a 🍌 +2. Do what u/rick_of_spades did. + +**Ok, TO THE POST!** + +In this post, we will be exploring the possible relationship between the GME price movement and all the cycles because, contrary to popular belief, there usually isn’t just one answer for things happening. No, I'm not talking about 🚲 or 🚴‍♀️ or even 🚴‍♂️... this is a 🚳 cycling area, so don't fuck around! We are talking about recent and not so recent DD on T+21 Cycles, T+35 Cycles, and we'll throw in some SLD in there for extra flavor so, in the words of 🍦 papa Cohen 🐸... + +# BUCKLE UP + +**Disclaimer:** I’m still learning and able to take constructive criticism, so please pick this apart. The point of this is to expand our knowledge and find truths. Also, I'm too smooth to advise anyone on anything, so take you bag of 💰 do what **you** want with it :D + +**Credits:** Special thanks to u/dentisttft who was kind enough to share his source data with me, which I’ve folded into my own dataset I’ve been working with. u/criand has not responded to my data requests as of yet, but if he does, I’ll gladly fold in his data to this analysis and provide an update. + +Holy shit, I must be going for a record with the introduction to the post... let's get to it shall we? + +# Is the T+21 cycle a thing? + +I like to think so… It's been pretty consistent. Also, I think it's not just T+21, but more a T+35 cycle from option expiry into a T+21 ♾ loop. DD linked above in intro if you want to check that out. Based on some DD from u/criand a while back. + +&#x200B; + +[T+35 into infinity loop T+21 can kicking by Mr Mayo](https://preview.redd.it/3j4nrazno9671.png?width=2831&format=png&auto=webp&s=297017663692fa40a3c1e4a7402a93442c37989d) + +# Is T+35 FTD cycle a thing? + +I think so too, but in a different way. The T+35 FTDs look to be eyeball-correlated (this is a technical term of course) to be largely pre-emptive movers in and of themselves, but aren't very consistent. Volume on the trading days matter a lot more than these IMHO, but they do contribute, as that's the settlement date that needs to be met, so these generally add to the buying pressure. You might ask why on these specific days? Well, it's because Mr Mayo et al don't want to rip off the Band-Aid, so they keep it on as long as possible, allowing it to fester and grow into a bigger problem before being forced to take care of it at the very last second. + +[T+35 FTD cycles. Data represented was cross-checked against u\/dentisttft 's data](https://preview.redd.it/y70vt3ppo9671.png?width=2829&format=png&auto=webp&s=95ba49cf7f0db733080a9c01052995ce924ea072) + +# What does this look like as a full picture? + +I have more data going back in time as well as predictions for dates in the future, but lets' stick to what we have been analyzing up to this point to stay on track. If you are interested in backwards to 2015, I have a full data set to play with - hit me up! and if you're interested in the mapping into the future, I've done through the end of the year already with the available data. + +Oh, I promised a full picture, but before we go there, **let's look at SLDs...** + +What's an STD, you say? Well, to that, I'd say ask your wife's boyfriend - he would know, but you don't have to worry about it. SLDs, on the other hand are Supplemental Liquidity Requirements and mean that once a month sHFs have less money to play with while they settle up on their options activities, and we all know how they love options. There is a [fantastic post about SLDs and liquid shits](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/) by, you guessed it, u/dentisttft. It took me a few reads and a non-half assed (Ron Swanson) approach to learning how this worked, and I'm glad I did, because I think this might be one of the keys to understanding this whole thing. + +[SLDs line up pretty fuckin well to price improvements and all the major jumps for GME \(or at least the start of them\) since January 2021. ](https://preview.redd.it/fgk5pwuro9671.png?width=2834&format=png&auto=webp&s=0f9a05b1bdbd5d8b6f77eb36e264337c78016d84) + +# Putting everything together. + +https://preview.redd.it/83lh02buo9671.png?width=600&format=png&auto=webp&s=6eaa3de16b5d5b038bbaed34eacac2727dd7a274 + +# A closer look when these powers combine. + +&#x200B; + +[Click to open - it's detailed with some explanations and further below.](https://preview.redd.it/w0fa4divo9671.png?width=2828&format=png&auto=webp&s=b151d07e5a01a2adb5259c22dc47ac1aef156ba9) + +If we dig into this eyeball-based correlation (**statistical analysis will come in a later post**), it seems like something is going on here, but it's not 100% - That shy cycle on 3/15 ruined everything... or did it? you remember that kickass post from u/dentisttft that you read and understood completely? No? Go re-read and understand that the SLDs take money away from the sHFs for a period of time, which makes it that much harder to suppress GME. When the stars align, and by stars, i mean all the things I'm tracking, we see big bumps! **With a little more buying pressure at those times, we might finally see the rocket launch!** + +No, SEC, I'm not suggesting there be any coordinated buying... leave us alone and put your head back in Kenny's jar of mayo. It's safe and warm(?) there... Also, maybe check out Cramer's speech about getting people to buy at 2:45... enforcement my ass, but I digress + +**Edit**: It's important to also understand that each completed cycle, we see higher lows. u/renz004 made a post about this explaining that might help paint the picture. + +# Here's my working theory + +There's a lot of moving parts to this stock, but the primary predictable movers I've been observing have been: + +1. SLD Hold Periods that reduce sHFs liquidity temporarily (about 12 days per month) +2. T+35 FTD Cycles +3. T+35 Option Delivery followed by T+21 infinite loop cycles + +I believe when they all coincide, we get larger moves to the up side. Some of these moves are less violent on the up side than others, but that's likely due to some of the following factors: + +1. volume aligning with the cycles +2. volume related to the cycles +3. fuckery + +# Looking to the future + +Seeing this data, I'm JACKED for next week. We have an upcoming wambo combo on Wednesday the 23rd (T21 cycle for April) and on Thursday, ~~6/24~~ 6/25 (thanks Juneteenth) we will see the next T21 cycle for the Jan options they've been can kicking. The FTD data lines up here as well and there are some bigger days in the cycle than we have seen in recent weeks on that front. To jack you up more, it all aligns with a SLD hold period, and we have the possibility of the ATM offering being done and more positive news in the pipeline + +**edit**: + +* u/Datprayincajun_ pointed out we might see 002 on Monday +* u/No-Letterhead-4407 reminded me that the new CEO is tarting next week, and about possible Russel 1000 +* and u/Mellow_Velo33 gave probably the most simulation confirming technical indicator of all: + +>there's a full moon too next week + +**so yeah, here's what I'm looking like this weekend:** + +[credit to u\/encab91](https://preview.redd.it/9s1ozooxo9671.png?width=512&format=png&auto=webp&s=16947e5dbfff3a34b5faeb963cb2a68b190f5602) +&#x200B; + +[Gotta have more DD - Christopher Walken](https://preview.redd.it/etc6x1qko9671.png?width=622&format=png&auto=webp&s=e37dd0262ea3ca1050ce7a877bdded647dffd7de) + +Hi apes, Bob again. yay [gamestop.com](https://gamestop.com) + +So I’ve been reading some really interesting DD lately from u/criand and u/dentisttft and I wanted to check out how things line up together and mix it into [my own forward looking DD on Option related FTD cycles](https://www.reddit.com/r/Superstonk/comments/nsyw3k/ftd_cycle_mapping_into_the_future/) that are actually based off a DD that u/criand posted a while back on [T+35 into ♾ Loop T+21 cycles on Options](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). Using that information, I was able to extrapolate dates (**no dates**) and predict large stock movements over the past few months. Like my wife's boyfriend always tells me: "You'll have to trust me" on this because I never posted anything on it before the DD linked above. If you think I'm full of shit, that's OK too, you can follow these instructions to make me feel better about you not trusting me: + +1. Find a 🍌 +2. Do what u/rick_of_spades did. + +**Ok, TO THE POST!** + +In this post, we will be exploring the possible relationship between the GME price movement and all the cycles because, contrary to popular belief, there usually isn’t just one answer for things happening. No, I'm not talking about 🚲 or 🚴‍♀️ or even 🚴‍♂️... this is a 🚳 cycling area, so don't fuck around! We are talking about recent and not so recent DD on T+21 Cycles, T+35 Cycles, and we'll throw in some SLD in there for extra flavor so, in the words of 🍦 papa Cohen 🐸... + +# BUCKLE UP + +**Disclaimer:** I’m still learning and able to take constructive criticism, so please pick this apart. The point of this is to expand our knowledge and find truths. Also, I'm too smooth to advise anyone on anything, so take you bag of 💰 do what **you** want with it :D + +**Credits:** Special thanks to u/dentisttft who was kind enough to share his source data with me, which I’ve folded into my own dataset I’ve been working with. u/criand has not responded to my data requests as of yet, but if he does, I’ll gladly fold in his data to this analysis and provide an update. + +Holy shit, I must be going for a record with the introduction to the post... let's get to it shall we? + +# Is the T+21 cycle a thing? + +I like to think so… It's been pretty consistent. Also, I think it's not just T+21, but more a T+35 cycle from option expiry into a T+21 ♾ loop. DD linked above in intro if you want to check that out. Based on some DD from u/criand a while back. + +&#x200B; + +[T+35 into infinity loop T+21 can kicking by Mr Mayo](https://preview.redd.it/3j4nrazno9671.png?width=2831&format=png&auto=webp&s=297017663692fa40a3c1e4a7402a93442c37989d) + +# Is T+35 FTD cycle a thing? + +I think so too, but in a different way. The T+35 FTDs look to be eyeball-correlated (this is a technical term of course) to be largely pre-emptive movers in and of themselves, but aren't very consistent. Volume on the trading days matter a lot more than these IMHO, but they do contribute, as that's the settlement date that needs to be met, so these generally add to the buying pressure. You might ask why on these specific days? Well, it's because Mr Mayo et al don't want to rip off the Band-Aid, so they keep it on as long as possible, allowing it to fester and grow into a bigger problem before being forced to take care of it at the very last second. + +[T+35 FTD cycles. Data represented was cross-checked against u\/dentisttft 's data](https://preview.redd.it/y70vt3ppo9671.png?width=2829&format=png&auto=webp&s=95ba49cf7f0db733080a9c01052995ce924ea072) + +# What does this look like as a full picture? + +I have more data going back in time as well as predictions for dates in the future, but lets' stick to what we have been analyzing up to this point to stay on track. If you are interested in backwards to 2015, I have a full data set to play with - hit me up! and if you're interested in the mapping into the future, I've done through the end of the year already with the available data. + +Oh, I promised a full picture, but before we go there, **let's look at SLDs...** + +What's an STD, you say? Well, to that, I'd say ask your wife's boyfriend - he would know, but you don't have to worry about it. SLDs, on the other hand are Supplemental Liquidity Requirements and mean that once a month sHFs have less money to play with while they settle up on their options activities, and we all know how they love options. There is a [fantastic post about SLDs and liquid shits](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/) by, you guessed it, u/dentisttft. It took me a few reads and a non-half assed (Ron Swanson) approach to learning how this worked, and I'm glad I did, because I think this might be one of the keys to understanding this whole thing. + +[SLDs line up pretty fuckin well to price improvements and all the major jumps for GME \(or at least the start of them\) since January 2021. ](https://preview.redd.it/fgk5pwuro9671.png?width=2834&format=png&auto=webp&s=0f9a05b1bdbd5d8b6f77eb36e264337c78016d84) + +# Putting everything together. + +https://preview.redd.it/83lh02buo9671.png?width=600&format=png&auto=webp&s=6eaa3de16b5d5b038bbaed34eacac2727dd7a274 + +# A closer look when these powers combine. + +&#x200B; + +[Click to open - it's detailed with some explanations and further below.](https://preview.redd.it/w0fa4divo9671.png?width=2828&format=png&auto=webp&s=b151d07e5a01a2adb5259c22dc47ac1aef156ba9) + +If we dig into this eyeball-based correlation (**statistical analysis will come in a later post**), it seems like something is going on here, but it's not 100% - That shy cycle on 3/15 ruined everything... or did it? you remember that kickass post from u/dentisttft that you read and understood completely? No? Go re-read and understand that the SLDs take money away from the sHFs for a period of time, which makes it that much harder to suppress GME. When the stars align, and by stars, i mean all the things I'm tracking, we see big bumps! **With a little more buying pressure at those times, we might finally see the rocket launch!** + +No, SEC, I'm not suggesting there be any coordinated buying... leave us alone and put your head back in Kenny's jar of mayo. It's safe and warm(?) there... Also, maybe check out Cramer's speech about getting people to buy at 2:45... enforcement my ass, but I digress + +**Edit**: It's important to also understand that each completed cycle, we see higher lows. u/renz004 made a post about this explaining that might help paint the picture. + +# Here's my working theory + +There's a lot of moving parts to this stock, but the primary predictable movers I've been observing have been: + +1. SLD Hold Periods that reduce sHFs liquidity temporarily (about 12 days per month) +2. T+35 FTD Cycles +3. T+35 Option Delivery followed by T+21 infinite loop cycles + +I believe when they all coincide, we get larger moves to the up side. Some of these moves are less violent on the up side than others, but that's likely due to some of the following factors: + +1. volume aligning with the cycles +2. volume related to the cycles +3. fuckery + +# Looking to the future + +Seeing this data, I'm JACKED for next week. We have an upcoming wambo combo on Wednesday the 23rd (T21 cycle for April) and on Thursday, ~~6/24~~ 6/25 (thanks Juneteenth) we will see the next T21 cycle for the Jan options they've been can kicking. The FTD data lines up here as well and there are some bigger days in the cycle than we have seen in recent weeks on that front. To jack you up more, it all aligns with a SLD hold period, and we have the possibility of the ATM offering being done and more positive news in the pipeline + +**edit**: + +* u/Datprayincajun_ pointed out we might see 002 on Monday +* u/No-Letterhead-4407 reminded me that the new CEO is tarting next week, and about possible Russel 1000 +* and u/Mellow_Velo33 gave probably the most simulation confirming technical indicator of all: + +>there's a full moon too next week + +**so yeah, here's what I'm looking like this weekend:** + +[credit to u\/encab91](https://preview.redd.it/9s1ozooxo9671.png?width=512&format=png&auto=webp&s=16947e5dbfff3a34b5faeb963cb2a68b190f5602) +Hello world, I'm finally back 👋 +I'm feeling much better now, still not at 100% but all your kind words really helped. +Sorry that I couldn't reply to everyone, it was just too much for me to handle from time to time while having a headache and fever...but I appreciate every single one of you 🤗 +Let's get back to doing my thing: Writing the same number for 2 hours again and again 😄 + +Current price "115 minutes in: 180.62 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  178.25 US-$ + +5 minutes in: 178.31 US-$ + +10 minutes in: 178.80 US-$ + +15 minutes in: 178.80 US-$ + +20 minutes in: 178.92 US-$ + +25 minutes in: 179.04 US-$ + +30 minutes in: 179.04 US-$ + +35 minutes in: 179.29 US-$ + +40 minutes in: 179.29 US-$ + +45 minutes in: 179.29 US-$ + +50 minutes in: 179.29 US-$ + +55 minutes in: 178.98 US-$ + +60 minutes in: 179.10 US-$ + +65 minutes in: 179.23 US-$ + +70 minutes in: 182.39 US-$ + +75 minutes in: 182.51 US-$ + +80 minutes in: 182.08 US-$ + +85 minutes in: 180.02 US-$ + +90 minutes in: 180.02 US-$ + +95 minutes in: 181.23 US-$ + +100 minutes in: 181.23 US-$ + +105 minutes in: 181.23 US-$ + +110 minutes in: 180.62 US-$ + +115 minutes in: 180.62 US-$ + +The US-Premarket is about to open, so that's it for today 🇺🇸 +I'll see all of you again tomorrow, thank you for the support! +Also a big thank you to everybody who took over for me, I appreciate your help👍 +Hello r/CanadianInvestor. It seems that the time has finally come; we're in correction territory. This is my first time in a correction and I don't know how to feel anymore; I have no job security but at the same time I'm too healthy to die from Corona Extra. I hope all of you the best in the times to come. +I'm at my desk at work listening to people sing happy birthday in the cubicles over from me as they blow noisemakers. I hate office birthdays. + +Obviously this isn't my primary reason, but it's motivating me right now. Anyone else have a ridiculous reason? +Hi Folks, + +[I posted a year ago about a change in career.](https://www.reddit.com/r/UKPersonalFinance/comments/9un1kw/career_paralysis/) Thought I would give you a bit of an update as some on another thread remembered the post and were asking. + +Many of you chipped in at the time, mostly advised against the move. Well I decided to live with no regrets, and took the leap, and the 50% pay cut. + +Well it turned out like most of you good people said. Within a few months I was having second thoughts, within 6 I was looking for an escape. I felt like life was always 100mph, no time for anything let alone myself. Hrs were all over the place, not much routine, kids didn't like it, wife was run off her feet. Luckily out of nowhere my old employer called 'for a chat'. They wanted me back and I was very happy to go. I was exceptionally lucky. + +Now been back for the last 4 months. Everything that used to annoy me no longer does, I am way way more settled and chilled. Just making as much cash and enjoying my time off. + +&#x200B; + +Moral of the story - most job are generally pretty rubbish, even what you think are meaningful ones. If you know you have a good number, settle for it and enjoy the ride, don't always chase the greener grass like I did! +So my landlord told me when i started a contract with him for this apartment, now that the time has come, he's refusing to give me his PAN, + +I found his PAN from one of my neighbours, i can claim the HRA on it i guess , but I'm not sure if that's a dumb move or not. + +When and what details will he find out if I claim HRA on his PAN? + +It's a 11 month contract, but i guess this is India so he can still evict me regardless, once he finds out that I am claiming HRA on his PAN. + +What are my options here? +On Monday, Apple released a trailer for “The Morning Show,” a drama that will air on Apple’s streaming service. Apple paid more per episode for the Jennifer Aniston and Reese Witherspoon show than “Game of Thrones” cost in its final season, according to the report. + +[https://cnb.cx/2KUl4p1](https://cnb.cx/2KUl4p1) +Hello + +The 12000 amount is after subtracting the emergency fund. So this entire amount can be utilized. + +From what I have learnt, investing is a long term thing, where I should invest a specific amount of money monthly. Even if I put 12000 in a fund, if I am not able to add towards it, it won't be very fruitful. + +What other options do I have until I get a stable job? +This new job were i was about to go, went down. Now i'm feeling a bit lost, and with all this bad news about COVID-19 and it's impact in the economy i feel like I'm about to have a hard time to find a new job because companies are cutting down expenses and not hiring new people (the great majority). + +# My current situation + +Now i have no income but i keep having my bills to pay. + +Luckily, i have an emergency fund. + +The only **expenses that i have now** are food and my rented room (in the city where i had my job and probably my next job - most tech companies are in this city). + +**I'm currently in parents house,** and i'm only available to **pay more 3 months of rent** without make use of the room. If i do this and still not get a job, i have money to sustain myself for 1 year, to improve skills and find another job (giving up the rented room after these 3 months). If give up the room now, i have 1 year and 6 months. + +In the worst case scenario, the best option is to give up the rented room because i can withstand the pandemic if it endures more time, and probably when things go back to "normal", i could start a new job with some money perhaps. + +**If i keep paying the rented room,** and the pandemic stays for more time, i risk spend all my emergency fund and go back to my parents house the same. + +# Pros/Cons + +(Of giving up of my rented room now) + + +| **Pros** | **Cons** | +|:---------------------------------------------------------------------------:|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------:| +| Save more money | Risk spending more money for nothing | +| Maintain myself for 1 year (hopefully time enough till the pandemic passes) | Mantain myself for 9 months | +| More time to work on side projects that have potential | If I get another job, and the quarantine stops in the next months, I will have a hard time to find another room in the city, even harder for the same price and conditions. | +| More time to take some courses that I’ve already bought | | +| Start a new job with some money when things go back to “normal” | | + + +**What are your opinion? Should i keep the room?** + +**Note:** I'm already in parents house, so my rented room is "empty". I'm basically paying it just to assure it, but i'm not making use of it. +Although the track record of Canadian banks such as rbc and td has been impressive. The current situation with real estate prices in Canada has me worried. Lots of things remind me of the 2008 u.s housing bubble and we all know how that ended. + +Edit//// +I never said I believe a crash as bad as 2008 is imminent for the Canadian banks. However for everyone saying the system is regulated enough for this not to happen and that lending regulations are to strict . I personally know lots of people in Toronto and Vancouver with million dollar mortgages and many of whom believe paying 1.3 million for a pretty shitty house is fine because it will be worth 1.5 in a couple years and whoever buys it then is also taking out a million dollar mortgage. So I don’t think things are as regulated as all of you believe them to be otherwise I wouldn’t expect this level of speculation. + + +Second edit//// +Everyone’s overconfidence in our banking system is exactly what scares me. Personally I would never short our banks or buy puts on our banks. My point was mainly that everyone’s overconfidence scares me and I think real bubbles are the ones no one sees coming that’s my main worry with our banking system. Back in 2007 everyone was saying that the u.s had the best banking system in the world, ignorance is not always bliss my friends. +[r/Superstonk](https://www.reddit.com/r/Superstonk/) was born from the ashes of oppressive bans, removals, and censorship. We vowed to be a subreddit of integrity, honesty, fairness, and transparency. Every single moderator that has been brought on has agreed with this sentiment and has proven themselves to be outstanding and respectable members of this community, on top of moderators. Our motto is "Ape first, mod second" and this is what we think about every single time we make decisions. + +It is with a heavy heart that I must share that one of our higher-ranking mods, [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/), has been removed as moderator. I have detailed the reasons for this to the mod team, and have done my homework with screenshots, investigation, and discussion with the mods. This mod was here before the Second Great Ape Migration and I wanted to retain my promise that mods won't be bullied or removed as if this were a dictatorship. + +The mod team is overwhelmingly supportive of my actions regarding [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/) thus far, and have UNANIMOUSLY voted to remove [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/) for these reasons and also for things they personally witnessed and found strange, including some notably reckless and unexplained actions discovered through mod log. We will not tolerate this reckless behavior from mods and have thus taken actions to ensure the safety and proper functioning of this subreddit. Thank you all for remaining to be true apes that love this community as much as we do. +Your portfolio is blown the Fuck up. We are aware. You’re not the only one. Calm the fuck down, and think for a minute. + + +What has changed about the company besides the stock price? If nothing has changed altering your view on the initial investment then there’s no reason to freak out. If you answered yes then reevaluate your outlook on the company. + +The big difference between those who are or will become wealthy, is they take opportunities like today to create a stronger foundation. That means you buy the fucking dip. You lower your cost basis. Plenty of people are panic selling right now instead of panic buying. The true investors take opportunities like these by the balls and look to turn it into a positive. + +Leave your emotions out of this relationship and make some money. +&#x200B; + +[Banner submission by: u\/Shubaobao](https://preview.redd.it/5ji23uu43fw61.png?width=4000&format=png&auto=webp&s=f22029c5ba4804dd1b80088de7641a6bbde84794) + +# Good Morning Superstonk!! + +Happy Saturday!! 🤙 + +Did y'all think this cat was gonna sleep on the weekend?! + +Go watch the [Dr. T AMA if you haven't yet!](https://youtu.be/fGVY2Kco8ng) + +[Transcription Now Available!](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Important Update regarding SEC posts re: Market Manipulation and Organizing + +So the reason for this Saturday Morning Post is an important one. There is a lot of confusion around the sub (and other subs... and twitter...) about [what constitutes market manipulation](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3). I, myself have been confused on the legalities and nuances of these terms "manipulation" and "organization". + +Which is why I think it's important that you hear from your mod team (which includes several experienced in Law) what we have consulted and found to be **accurate information. THIS DOES NOT CONSTITUTE LEGAL ADVICE FROM OR FOR ANYONE!** + +Yesterday the sub feed was flooded with SEC related hashtag posts which were deemed to be repetitive and clogging the feed, so the mod team did remove several duplicate posts for Spam. This was not a direct endorsement nor denial of the post content, just trying to keep the sub clean from topical bottlenecks while we consult as a team and decide a course of action. Remember this whole thing is extremely fluid and your mods are having to adapt by the minute to keep this rocket steered in the right direction! This is a full time job and we really appreciate your patience! 💖 + +[Spoiler alert: It's totally legal!](https://preview.redd.it/l5fdky37uew61.jpg?width=740&format=pjpg&auto=webp&s=278a1b4161335148aaa5396a7f924d4c941fe701) + +I encourage you to read [this post](https://www.reddit.com/r/GME/comments/mexeyi/we_are_not_manipulating_the_market_a_judges_take/?utm_source=share&utm_medium=web2x&context=3) by u/vbache who is a Judge and Euro-ape. This particular quote is of note, and directly applies to the topic at hand: + +***"I think the ‘we are in this together’-aspect of the situation needs to be reiterated and enforced in order to increase the likelihood of a near infinite squeeze, which would in turn allow each and every one of us to reach their respective goals.*** + +*And it is imho legal for us to do so. To qualify a behavior as market manipulation under EU law a set of specific criteria needs to be met and I suspect, similar principles to be applicable in common law countries. In broad strokes there at least needs to be a dominant position on the market in question of the actor(s), either individually or collectively and secondly, these actor(s) need to take coordinated action to restrict supply in order to achieve predetermined price targets.* + +*The individuals on this sub do not hold a dominant position in this sense. Even if we collectively own (multiples of) the float of GME, we do not act as such a collective. The key to define a market manipulating collective is that the individuals participating in the collective can be forced to adhere to the collective's decisions (enforcement mechanism). We do not have an enforcement mechanism since being called a paperhand is not a strong deterrent. Each and every one of us is free to exit our positions at whatever price point we individually deem appropriate." -* u/vbache + +&#x200B; + +**So the TL;DR for that is: WITHOUT AN ENFORCEMENT MECHANISM, THERE IS NO MANIPULATION**! + +Enforcement is the *key* to a manipulation case. Do we make paper hands actually pay some sort of penance for selling? **NO**. Do we have an agreed upon floor price that we all must adhere to? Umm..... :gestures broadly at literally everyone debating possible floor price: + +&#x200B; + +Market manipulation is doing something to inflate or deflate the price of a stock. THESE are the ESTABLISHED GROUNDS for charging someone with market manipulation. And do you know how many times that's happened? Like [5](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3) times. And they were all people in the industry. + +&#x200B; + +There's no case for market manipulation in this subreddit, or even in the GME Saga as a whole. + +&#x200B; + +Well, I lied. Hedgies are doing plenty. + +&#x200B; + +So when you see people referring to "we" or "us", *they aren't doing anything wrong.* This is a community, right? Everyone here isn't just a figment of your imagination right? **(right?!?)** + +&#x200B; + +[We are all friends here](https://preview.redd.it/gty4wzmgdfw61.jpg?width=800&format=pjpg&auto=webp&s=ac40d392ec1eb7c5b9338c66db4b82c938bd75f8) + +# We are a community. And no one can stop us from liking and discussing a stock. That's what they want you to think. + +What's the difference between our sub and the idea dinners the rich have been attending for decades? *The expense report*. Do you remember when American Politicians used insider information about the pandemic to profit off of the resulting crash? **APES REMEMBER.** Don't let FUD stop you from bonding with your fellow ape. This is actually essential to our journey. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮ + +*A comment from our* *~~General~~* *Queen,* u/RedChessQueen99\*:\* + +*" Any use of the words "we" or "us" is not evidence of manipulation. We are not the ones manipulating the market. The use of words that suggest we are a group only references this community of people, who are individuals investing in the same stock, but as individual retail investors. This community is not a place to organize or manipulate markets and it never will be. It is a place for sharing publicly-available information and analyzing/studying that information as a community in a way that benefits everyone fairly and safely. "* + +# And while we're talking about a movement... + +Do you know what Dr. T recommended we do as a next step in our course of action? + +[**Contact the NASAA.**](https://www.reddit.com/r/Superstonk/comments/n1rgr2/please_read_and_take_action_dr_t_suggested/?utm_source=share&utm_medium=web2x&context=3) + +Do you think Dr. Susanne Trimbath, PhD Economist, Former Manager for the DTC, Former "Plumber of Wall Street".... the author of [the book that is starting this serious public conversation](https://spiramus.com/naked-short-and-greedy), would tell the people that are finally supporting her and listening to her... *after 30 years of being ignored partially just because she's a f\*ckin woman*... do you think she would tell us to do something that would hurt us or that would stop progress? NO. + +[Trust Dr. T. She's OG Ape](https://preview.redd.it/gtmexcl3ifw61.jpg?width=711&format=pjpg&auto=webp&s=dae17c0c3a864fa435661cff06b4a72a1534b3cf) + +**No it's not illegal to petition the government to pay attention to illegal activity. You don't have to own any stocks to belong to** r/Superstonk\*\*. Or to be a part of a\*\* [**civil movement**](https://www.nytimes.com/2020/06/18/technology/social-media-protests.html) **to expose Wall Street Corruption. You are free to participate (or not) as you please. There are no requirements in this sub except that you behave according to our rules.** + +You know what's also totally not illegal and a right for everyone? *To contact your representatives whose decision making effects your life.* We live in a democracy. It did not suddenly become illegal to decide to contact your representatives because you have been made aware of illegal activity on reddit. There is nothing criminal about democracy. 💪 + +Speaking of democracy, I will add that part of the reason for such a tight control on the situation with the SEC posts were the hashtags. There were several FUD posts popping up on Twitter that associated the SEC movement hashtag on the same posts as violent and inciteful hashtags. Homie don't play that. Not in my sub. That's why you saw a few posts about the topic, and the rest were deleted. We nip that in the bud 'round here. + +**But I strongly urge you to keep a lookout for FUD aimed at leeching off of the positivity found here. A potentially positive message can easily be tainted by FUD spreaders grifting off the popularity. Be vigilant and always report anything that looks sus.** + +Please be aware that this is an achilles heel to the popularity of this sub and its content- our greatness can be turned to a weakness if we aren't vigilant in our defenses. You think I'm playing? I've been posting in these subs since January and I've seen first hand the psyops battle being played on this battlefield. From bots to paid shills to upvote trickery... This isn't nuts, it's *history*. + +And with that, I want to leave you with a sort of hybrid quote from Dr. T, with my own perspective: + +# It's hard to know you're reading history when you're the one writing it. + +✌💖🚀💎🐈 + +&#x200B; + +[Know your rights](https://preview.redd.it/041esclfofw61.jpg?width=549&format=pjpg&auto=webp&s=8085774d8a8d1014c2caadb6c0d3025e4daf4d14) + +P.S.- Contact your brokers if you haven't received your Control Number yet for proxy voting. And follow the instructions to vote provided by your broker! Happy Saturday! 🚀🚀🚀🚀🚀🚀🚀 +There are a lot of people on the sub hypothesising what they will do, or sharing stories of how they have just hit fatFIRE, but I'd love to hear or see a link to at least one story of someone who has been living entirely off their assets for say the past 15 years ie including a major correction. Is there anyone here who fits their description and can share their story of actually living that lifestyle through all the ups and downs over that kind of period? +I hit my coast FIRE number recently ($200k) at the age of 28 while earning $30,000 or less per year. + +However, I regret my entire life. Why? Because of my unhealthy fixation with money. I would simply never spend it. I always like seeing the numbers increase from the age of 8 years old (allowance money, selling candy, bank account matching by my parents to encourage saving). + +I did not take any risks in life. I did not look for a high paying job. I did not experiment socially with dating, networking, or travel. + +Saving was easy because I didn't do anything. I spend most of my time thinking about my savings, trying to reduce expenses, bored, or working. I don't think of greater opportunities for self-improvement. No social growth. Never kissed a girl, etc. + +When I got my first job, I felt so aimless after hitting a certain saving metric (maxing my IRA). What now? What's the point of working? I was clueless and native but still, the issue was a lack of deep fundamental purpose in life. + +So now I have this somewhat big amount of savings, technically coast FIRE, but with no goals. + +What would you recommend? +And I'm still eating peanut butter sandwiches for lunch, pasta and veggies every night for dinner, and buying whichever orange juice is on sale. + I want to thank the community and baby Jesus and his mom and myself! + +Given the current cost of living crisis I've noticed that there have been a lot of tips being shared on this sub about how to save money in recent weeks. + +I figured it might be worth sharing r/UKfrugal with you all here as it's probably a better place to post/find tips about how to reduce your spending as we head into this winter. +Hi everyone. I am a faculty member in the Mechanical Engineering Department at California State Polytechnic University, Pomona (Cal Poly Pomona). About a month ago I created a thread in this subreddit promoting a free 10-week online course in Excel VBA that I will be teaching during March 30 - June 6. In the course you will learn the fundamentals of VBA programming including Sub and Function procedures, If and Select structures, For and Do loops, UserForms, and arrays. Participants who complete the course with a passing grade will receive a certificate of completion and online badge from Cal Poly Pomona. Here is a [link to the old thread] (http://www.reddit.com/r/finance/comments/2urvd4/free_10week_online_course_in_excel_vba_from_cal/). + +The course is about to go live and I am reaching out to the reddit community one more time in case anyone missed the first announcement. Thus far, ~3000 people have enrolled and there is still plenty of room for more participants. If you are interested in learning how to program in Excel VBA, you can sign up for **Introduction to Excel VBA Programming** by clicking the following link: +[Click here to enroll](https://openeducation.blackboard.com/mooc-catalog/courseDetails/view?course_id=_219_1) +(Note: The "Enroll" button may state "Unenroll" due to a bug in the platform. If that is the case, click the "Unenroll" button to register for the class.) I'll be happy to answer any questions you may have. + + +Paul Nissenson + +Assistant Professor, Department of Mechanical Engineering + +California State Polytechnic University, Pomona + + +PS. And yes, I checked with mods to make sure this reposting would not be bad reddiquette. :) +If you're still sleeping on this, I don't know what to tell you. In a few months everyone will be trading with [Bogged.Finance](https://Bogged.Finance) on BSC, and $BOG will be easily 10x what it is here because of demand. + +[Bogged.Finance](https://Bogged.Finance) is clever, it doesn't try to start a new swap platform, but instead is leveraging the liquidity from pancakeswap. Meaning that all pancakeswap tokens are supported for Limit Buys, this also means you can actually place a limit buy and it will **actually** go through as soon as the token hits that price. + +There are a few other DEX's that try to do limit orders, but they simply don't have the liquidity that bogtools does thanks to its clever system. + +Additionally, bogtools now lets you check all your shitcoins charts/stats easily with [charts.bogged.finance](https://charts.bogged.finance) for free. They're using this as a marketing tool for $BOG as everyones going to be comfortable going to [charts.bogged.finance](https://charts.bogged.finance) and soon everyone will be trading with [bogged.finance](https://bogged.finance) + +Further, while some of the fees for limit orders are being used for gas to run the system, 50% of it is going to stakers. Meaning that staking BOG LP is one of the only non-ponzi staking systems on BSC currently, and is "safe" to do! Just set and forget! + +$20m\~ marketcap, if you're still sleeping on this, it's an easy 10x from here. +Recently, we have been exploring whether Ethereum could be used to improve r/ethtrader and vice-versa. For that purpose, we are seriously considering doing a token distribution (**NOT AN ICO**) to r/ethtrader users based on various factors (e.g karma). This token could then be used as a reputation points for various purposes. + +- +- + +**Applications** + +The main use of the token, at least initially, would be to: + +* Evaluate/Rate ICOs & Ethereum Projects +* Tipping users for posts & comments +* Identify Ethereum account-holders. Identify a user as having crossed some threshold of capacity and effort with using Ethereum. Could help mods deal with trolling and brigading. Users could optionally filter posts and comments based on this also. +* Individuality. While not 100% anti-sybil proof, a reddit user linked address would have *some* anti-sybil claim, a claim which might increase over some threshold karma. Such a claim might be useful for ICO whitelisting or bootstrapping a web-of-trust. + +There are other possible uses, such as award badges, submission rewards, burning tokens to authorise stickies, special flairs, etc. that could be explored as well. + +- +- + +**How might these uses be achieved?** + +* Create a smart contract **registry** that maps users to their chosen ethereum address along with karma accrued to a certain date +* Initialise and distribute **EthTraderToken** to users using the **registry**. +* Develop a **browser plugin** that augments the r/ethtrader ui, using information pulled from the **registry** and **EthTraderToken** contracts. The normal r/ethtrader experience would not be altered. This would just be an optional Ethereum-powered upgrade. +* Develop a dApp to better facilitate voting and other functionality + +- +- + +What other ideas do you have for using a token like this or Ethereum itself within the r/ethtrader community? +Recently, we have been exploring whether Ethereum could be used to improve r/ethtrader and vice-versa. For that purpose, we are seriously considering doing a token distribution (**NOT AN ICO**) to r/ethtrader users based on various factors (e.g karma). This token could then be used as a reputation points for various purposes. + +- +- + +**Applications** + +The main use of the token, at least initially, would be to: + +* Evaluate/Rate ICOs & Ethereum Projects +* Tipping users for posts & comments +* Identify Ethereum account-holders. Identify a user as having crossed some threshold of capacity and effort with using Ethereum. Could help mods deal with trolling and brigading. Users could optionally filter posts and comments based on this also. +* Individuality. While not 100% anti-sybil proof, a reddit user linked address would have *some* anti-sybil claim, a claim which might increase over some threshold karma. Such a claim might be useful for ICO whitelisting or bootstrapping a web-of-trust. + +There are other possible uses, such as award badges, submission rewards, burning tokens to authorise stickies, special flairs, etc. that could be explored as well. + +- +- + +**How might these uses be achieved?** + +* Create a smart contract **registry** that maps users to their chosen ethereum address along with karma accrued to a certain date +* Initialise and distribute **EthTraderToken** to users using the **registry**. +* Develop a **browser plugin** that augments the r/ethtrader ui, using information pulled from the **registry** and **EthTraderToken** contracts. The normal r/ethtrader experience would not be altered. This would just be an optional Ethereum-powered upgrade. +* Develop a dApp to better facilitate voting and other functionality + +- +- + +What other ideas do you have for using a token like this or Ethereum itself within the r/ethtrader community? +Early 40s, wife, kids, NW around $20m. + +We stretched and bought a 7000sqft fixer upper dream home for $4m cash. Great location, great lot/land, but it's an older house that needs a lot of work. Our plan was to replace HVAC, roof, flooring, windows, kitchen, bathrooms, reconfigure bedrooms, landscaping, etc. We optimistically estimated six months of work, budget of $500k-$1m, and then we'd move in and live forever in our dream home. + +As we interviewed architects, the consensus was that we should tear down and do new construction. They said our six month $1m estimate was not realistic, and suggested a full gut renovation would take 18 months and cost around $2.6m ($375/sqft). Compared with new construction that would take 24 months and cost $3.2m ($450/sqft). The argument was that for a bit more upfront, you end up with a vastly better final product. + +There is major construction happening everywhere we look, houses a few doors down are being gutted or torn down, $5-10m properties selling regularly, the neighborhood is booming! After talking with real estate agents and looking at comps, new construction is selling for $1000-1500/sqft and our property would most likely be on the higher end of this range. Assuming everything goes perfectly and we were able to complete new construction for $4m all-in, we'd be at $8m total cost for a property worth $10m. + +Construction Concerns: + +* we've never done a major construction project before +* time and cost will likely exceed estimates (probably $500-600/sqft not $450) +* it will be years of stress +* housing market can crash + +Financial Concerns: + +* living in a $10m house seems extremely excessive given $20m NW +* do we finance the $4m new construction and take on debt or do we sell investments and have 40% of NW in this house? +* where do we live for the next 3 years during construction (rent a house for $100k/year? buy a $1.5m starter home in the area?) + +Options: + +* sell as-is - we put it back on the market and sell it and buy something more reasonable that is move-in ready +* minimal renovations - do the absolute minimal amount of work to move in and then live in a house that we don't like +* spec house - new construction then sell it when it's done +* dream house - new construction then move in and live there forever + +What should we do? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) + Recently there has been a ton of FUD on the sub and shills have been out in force. SEC# flooded everywhere drowning out nearly all other information the day after an important ama happened. One bit of info stood out during that ama and it is contacting the NASAA. So what's the NASAA...well I'm a bit of a smooth brain but it looks like state versions of the SEC. + +Well why do we need to contact them over the SEC some might ask. It's simple, really incredibly simple and easy to overlook. We know the SEC is comprised and probably bought off. Look where the board members came from. NASAA on the other hand has similar responsibility to the SEC with one key difference...they are not in someone else's pocket. In the grand scheme of things they are like middle management. There might be some that are in bed with big finance but most were deemed not important enough. The NASAA has the power to put extreme pressure on short sellers and are likely to be impartial/not on the books. They don't get to leave there position and go back to the banks, this is an actual job to them. + +The very fact that contacting the NASAA disappeared from the sub in less than a day should be proof enough of it's importance. Noone is talking about the one thing we were told that could help from a lady that spent a good chunk of her career trying to stop short sellers and market manipulation. + +Obligatory 🚀 💎 🐒 +that’s twice in a week that we’ve these kind of threads. It’s FUD. These highly upvoted, award given, ‘i developed stage 4 lung cancer but at least im Hodling..”, posts are trying to paperhand you. they want you to think it’s okay to sell. + +stop disclosing your financial situation, simple as that. as a fellow retail investor, i’m riding this shit to the muthafuckin MOON baby 🙌🏽 +TL;DR: CS pulls the shares after your broker sends an “earnest request” to CS. CS does their part in 2 days. **When your broker says 2 weeks to transfer, it’s them saying, we’re gonna hold onto this request for 2 weeks before we even send it to CS.** + +So, I use Fidelity as my broker and I have a cash account. I had been holding out transferring my shares because I’ve been busy, but also because I like to arrive at parties a little late. Fashionably. + +Anyway, called the broker on Friday afternoon around 6pm and told them I wanted to transfer my shares. My guy hadn’t done it before (surprise) so he had to ask for help. That’s fine, everyone has to learn somehow. I figured I’d be the guinney pig, and just figured it’d take 20+ mins. Five minutes later, we were done and I even had time to ask him if this was the order that would lock the float at CS. But, even for someone new, this task is so easy it takes 5 minutes, so there’s that. + +Now, I’ve been hearing about how long it takes to have the shares sent. But my guy said 2-3 days, so when my shares weren’t available in my CS account on Tuesday evening, I decided to call and get to the bottom of it. + +That’s when things got interesting. **What he told me was that they only send the request over to CS, CS finds the shares and pulls them.** My request was actually sent on Friday. This goes along with what I heard on CS when I was chatting with them - they said, “As soon as your broker sends us an EARNEST REQUEST, we can get the process rolling.” Once the request gets to CS, the process takes 2 days. + +Well, guess what I was able to do today. I was able to log into CS and create an account and my shares were there. Friday evening to Wednesday morning. **MY TRANSFER WAS BASICALLY COMPLETED IN TWO DAYS.** + +What this tells me is that it’s not that your broker can’t find the shares. **It is that they are refusing to even send the Earnest Request for 2-3 weeks!** + +This was all based on my first hand experience and communication with reps over phone and chat, so who knows, I may have misinterpreted it. I have no proof. I guess I’m trust me guy. Feel free to correct me if I’m getting stuff wrong. + +Buy, DRS, hold. + +This stuff is wild. + +**Note:** *Please don't turn this into a pro-fidelity platform. This isn’t meant as a pro-fidelity post. I’m not suggesting everyone transfer their shares to Fidelity.* ***I’m suggesting you hold your broker accountable and that this isn’t a 2 week long process.*** *Knowledge is power!* +Hello everyone, so the story is that i have tried everything under the sun in the world of options…even though overall i am way in the negative i just love this as i get to learn so much about money moves…i have about $100k left in my margin acct with 200k buying power and wanting to make $100 per day…is that too much to ask?…are there any fairly consistent strategies that one can apply? To make it harder for you guys i also have a full time job…possible or should i just put money in vti or spy and just stay still? + +Appreciate the thoughts. +So this morning I'm out walking the dog at 6am and my neighbor is out on his patio drinking coffee. Now my neighbor is a high producing mortage underwritter. For over two years this guy has been work from home and I never ever see him up before 9am. So I stopped to make the small talk. Guys the mortage industry is all ready burning to the ground. No one is talking about it no one is covering it and its all ready too late. Here's how the convo went.. + +Hey your never up this early, got a big work load today? +No I haven't been to bed, I had a rough day at work yesterday +You work from home, how bad a day could it of been +We got called into a whole staff zoom meeting I might be loosing my job. + +To save formatting he proceeds to tell me that his mortage company (WF) just told them they are reducing hours and pay to a tone of each employee is getting cut almost $1500 in pay a month. Then proceed to tell me they are firing, not laying off, but firing over 3000 people by September. When I asked why he told me that two huge investor company's are closing their doors after over 30 years!! So these investors no longer want give mortage company's or loans themselves out any more because the risk is getting too high. He said the boss kept repeating its 2008 but worse cause no one is seeing it comming. +Thanks for listening I'm sorry if I ramble I just got excited. + +Edit: Added spacing so it's easier to read. I also stopped and talk again briefly before I left for work. I asked him what he ment by 2008. All he really said was that no one expected the economy to drop like it did and expected it to just level out. I also asked about investor company's, I thought WF was the lender, here's how he explained it. Say your a mortage company and Billy Bob comes to you with a home loan for 200k. Now say your a smaller company with only 400k in actual money. If you lend out the money all the numbers are skewed you don't show profit etc. So the mortage company's get investors to buy into a group of property's fora cut of some of the intrest. So holy crap guys even the the people supplying money to the mortage company's are scared. +Today I got an email from a prospective employer. It was in a library that would give me tasks of ordering books, articles, papers and so on. Given the fact that my degree is in Creative Writing, and that literature is my forte, I was *really* hoping for good news. + +So when they sent an email of rejection it was like a punch to the gut. Especially, when I started this week happy as I managed to switch phone network providers allowing me to pay £10 instead of £25. + +This job rejection has really upset me. I have been in a depressed mood ever since I got the email. It was like one of my dream jobs. I put up with call centers right out of uni. I don’t want to go back to those jobs. I’m really pissed off. + +^(Thank you for reading. Hope you are doing well.) +I've been investing in real estate since the beginning of the the recovery from the 2009 mortgage crisis. With prices as high as they are now, and mortgage rates increasing, I'm consid selling a property or two and holding cash because cash is king in a crash... So here's my question, when do we think the next bubble will pop? Or do we think inflation and subsequent devaluation of the dollar will outpace and potential market crash? It's gotta be one or the other. Thoughts? +My stack of books gets bigger and bigger while my time to read them seems to slowly diminish. One of my dreams is to get to FI so I can take a 6 month stay-cation, buy some good Italian coffee and plow through these books in my pajamas. + +&#x200B; + +Anybody else have this desire? Any ideas on how to cope with it while putting up with a 9 - 5 and the other monotonies of the week? I've found that reading on the subway is the easiest time to fit books into my day, all other hours seem to be eaten up by other commitments. I've even thought about (eventually) co-running a bookstore with a friend of mine. Easier said than done, sure. But I can dream. + +&#x200B; + +Keep up the good work, everybody. Cheers +Built for anyone, from spreadsheet newbies to experts! Two years ago, I shared with the community a [free FIRE spreadsheet](https://www.reddit.com/r/financialindependence/comments/ejkuw8/i_made_an_advanced_budgetincomenet_worthfire/), and since then, I’ve received a lot of requests to share a public version of my dark-mode [personal spreadsheet](https://www.reddit.com/r/financialindependence/comments/pff9qz/aug_2021_monthly_overview_2_years_into_my_job/). In response, I re-vamped the public spreadsheet to include a better [dashboard](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/Capture1.png?w=1120&ssl=1), simpler inputs, more analysis and features, and packaged it in a better color scheme. I like it better than my personal spreadsheet now, so I might switch over, too :) + +&#x200B; + +See how it looks filled out with fake data: [https://docs.google.com/spreadsheets/d/1kWHnihgmOHy6ZQ9K2oGWZ1lsiqCoP-UWo0Kj\_YG4g1M/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1kWHnihgmOHy6ZQ9K2oGWZ1lsiqCoP-UWo0Kj_YG4g1M/edit?usp=sharing) + +Pick up your own copy here: [https://docs.google.com/spreadsheets/d/1SB7cCd\_Rk9HHEtjDYb\_mGKYBR-68Y-Dqe1IuPMHQg\_E/copy](https://docs.google.com/spreadsheets/d/1SB7cCd_Rk9HHEtjDYb_mGKYBR-68Y-Dqe1IuPMHQg_E/copy) + +&#x200B; + +This spreadsheet can be used by those just starting and those far along. It will enable you to do things such as budget, track your income, determine your savings rate, project your safe withdrawal rate, view how much of your debt payments go towards principal, quantify your CoastFI numbers, calculate unrealized gains, determine proximity to goals and how you might need to adjust, quickly view metrics such as NW breakdown, asset allocation, and FI %, easily compare net income to expenses, show progress to each NW milestone, etc. + +Grey background means editable, black background means not editable. + +I recommend using the Fake Data Sheet as a reference alongside the instructions. This subreddit doesn't allow images within posts, so I'll link to images within the instructions as best as I can to make it easier to follow along. + +# Initial Setup + +First, if you’d like to start the spreadsheet on a date other than 1/1/2022, then adjust the cell at the top-left of the [*Net Worth* tab (cell *A5*)](https://i1.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-17.png?resize=300%2C260&ssl=1). The Fake Data Spreadsheet starts on 1/1/2021, for example. + +In the *Dashboard* tab, your FIRE number is calculated as your yearly expenses divided by your withdrawal rate. If you have a FIRE number in mind that differs from that, input your FIRE number into [*Dashboard* cell *B8*](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-18.png?w=370&ssl=1). + +Next, in the *Net Worth* tab, if you had any balance in an account prior to the starting month of the spreadsheet, unhide [row 4 and in cells {B4 through K4} (B4:K4)](https://i2.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-19.png?resize=768%2C382&ssl=1), enter the previous month’s account balances. Please refer to the [Fake Data spreadsheet](https://docs.google.com/spreadsheets/d/1kWHnihgmOHy6ZQ9K2oGWZ1lsiqCoP-UWo0Kj_YG4g1M/edit?usp=sharing) (comments located in *Net Worth* tab cells *C4* and *J4*) for a visual. Hide *row 4* once complete. + +This concludes the initial setup. Now let’s get into how to regularly use each tab. + +# Net Worth Tab Instructions + +[*Columns B:K*](https://i2.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-20.png?resize=1536%2C235&ssl=1) are where you input each account’s end-of-month balance. *Columns* *L:T* are where you input contributions (Ctb), withdrawals, and debt payments (interest and principal) which occurred in that month. In *column AE*, input savings rate goals for each month. [All other columns](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-21.png?resize=1536%2C213&ssl=1) in this sheet will auto-calculate various metrics for you. If any columns are irrelevant to you, hide them or rename them. + +**Notes**: *Row 2* will show a sparkline (chart) of each column, and *row 3* will return the current month’s value. The *Asset Value* and *Asset Debt* columns are relevant to secured loans such as mortgages, while *Other Debt* is applicable to unsecured loans such as student loans or credit card debt. Month 1 of *Monthly Delta* will show a value of 0, and months 1 and 2 of *Delta %* will show a value of 0%. Deltas reflect the difference between the current and previous month. *SW Monthly* and *SW Yearly* will show how much you can safely withdraw based on your SWR given your portfolio value today. The *Gains* columns (*AL:AR*) are cumulative and do not subtract interest from monthly loan payments, nor do they include asset value gains. + +# In Tab + +At the end of the month, fill out [grey columns](https://i1.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-22.png?resize=1536%2C438&ssl=1) using your paystubs, and feel free to use the ‘Other Income’ column to include anything outside of your regular job’s income such as gifts, reimbursements, tax refunds, stimulus checks, etc. *Row 3* will auto-calculate the current year’s summary of each column. If any columns are irrelevant to you, hide them or rename them. + +# Out Tab + +Input your [monthly budget](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-23.png?resize=1536%2C464&ssl=1) into *column B* for each month. The budgeted value will turn red if exceeded by spending. In *columns D:E*, input monthly expenses as they occur or at the end of each month. *Row 2* returns a running 6-month average, *row 3* returns a sparkline (chart), and *row 4* returns the current month’s spending. If any columns are irrelevant to you, hide them or rename them. + +# SWR Tab + +Input your date of birth in *F2* (so the spreadsheet can calculate your age, or just put your age in *C2*), input your preferred withdrawal rate in *H2*, input your desired retirement age in *J2*, input your stock and bond allocation in *K2:L2*, input your expectations for future average stock and bond growth in *M2:N2*. LeanFIRE is calculated as 80% of FIRE goal, and FatFIRE as 2x FIRE goal. If your Lean/Fat numbers differ from this valuation, alter cells *O2* and *Q2*. + +With *row 2*’s grey cells filled out, you can [read the tables](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-24.png?resize=1536%2C629&ssl=1). (Sorry to anyone who is red-green colorblind. All tables can be adjusted via conditional formatting!) + +The **table on the left**, using your annual contributions, current NW, withdrawal rate, current age, portfolio growth (*B4:J4*; 6% through 10%), and retirement age (*A5:A50*; age 24 through 69), will return your projected annual withdrawal. + +There are **three tables on the right**. The **first**, titled *Proximity to Coast to Desired NW at Desired Age*, will display how close you are to being able to coast to your LeanFIRE, FIRE, or FatFIRE goals if you were to stop contributing today and coast until the age on the left. If the % is over 100%, you’ve already achieved the desired NW at the age on the left if you stop contributing today. + +The **second table**, titled *Monthly Contributions to Reach Goal*, will show how much you need to contribute towards your NW monthly to reach each NW goal at the age on the left. If the number is negative, you could withdraw that amount each month starting today and still reach that goal. If it is green, you are already contributing that amount monthly. If it is mauve, it is higher than your monthly contributions. + +The **third table** on the far right, *Portfolio Value Needed to Coast Today*, will show what your portfolio value would have to be today in order to coast to each NW goal at each age. + +All tables on the SWR sheet update themselves automatically. Feel free to manually input a number into cell *G2* (annual contributions) if you don’t have 2021 filled out in the *Net Worth* tab. + +# Dashboard Tab + +When the *Net Worth*, *In*, *Out*, and *SWR* tabs are filled out, the dashboard [comes to life](https://i0.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/Capture1.png?w=1120&ssl=1). + +In the top **left**, you’ll find the current date and a link back to this post. Below are a few handy metrics such as projected portfolio returns and your CoastFI number. You can change the “65” in cell *A9* to any age. Cells *A14:A15* calculate annual savings based on 2021, but you can adjust the year if you have prior data in the Net Worth tab, or adjust the year to 2022 if you don’t. The two tables below will show proximity to various NW goals based on total NW and based on just investments. + +The charts in the **middle** of the dashboard show, from left to right and top to bottom, a stacked bar graph of assets and debts by dollar amount, a stacked area chart to display the % each asset takes up of your total NW, your FI % over the months, a comparison of your net income and expenses, and a comparison of your savings rate and savings rate goal with a trendline. + +The table on the **right** calculates, based on your SWR and current NW, which expenses you can cover, and which you can’t yet, and how much in additional investments you’d need to cover the latter. These expense names were copied from the *Out* tab, so if you altered the *Out* tab, copy and transpose the renamed column headers into the dashboard cells *L3:L25*. The *M column* uses an annualized 6-month average, so if any of the expenses are irregular (e.g., annual expenses), you may want to manually adjust the *M column* to reflect their yearly costs. + +# Extras + +I’ve also thrown in an [amortization schedule](https://i1.wp.com/bloomingfinances.com/wp-content/uploads/2022/01/image-25.png?resize=1536%2C598&ssl=1) (designed for a 30-year mortgage but adjustable to fit your needs, be it a car loan or student loan, etc.). At the top, you can input your loan’s terms. On the right half of the spreadsheet, you can see what happens to the loan’s interest and length if you pay extra in a given month. At the very end of the spreadsheet is a free math section for taking notes or doing random calculations. + +Comments, critiques, and requests for help are welcome! + +&#x200B; + +Edit: I answer some FAQs in [this comment](https://www.reddit.com/r/financialindependence/comments/rwq9qw/comment/hre1c50/?utm_source=share&utm_medium=web2x&context=3). +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! +You can see the hackers address here https://etherscan.io/address/0x3f8a37bde9b15b65c82f9cdd00192e0ba36cc5fc + +They are asking to public private key to connect to ED and then automatically transferring all of the funds out. No word from ED yet but the hacker has gotten about $165k so far + +Edit: Verified by ED just now: https://twitter.com/etherdelta/status/943580458616541184 +This sub is slipping in the hands of those that need the right information the most. And I hate to have to post the '*get your shit together*' posts, but this is important. + +Over the last week I have seen countless posts hyping -3% treasury bonds or a dip in the crypto market. + +Firstly, I'm not going to deny that the crypto looked like a pump and dump and IMO, it probably is, but when it drops 3% after a 20% run, this is normal like any stock as it makes a good climb. + +Secondly - the bond market. I've seen bonds be up 12% early on and down 3% at the end of the day, and this week we saw one 3% down early and finish 7% up. But because someone got on the hype train and chose not to delete it after being made aware it was already green 30mins after their post was made, thousands of you saw this. + +This has got to stop, you're creating your own emotional rollercoasters by doing this and one thing you shouldn't be doing is using your emotions. That's exactly how you become a paperhanded little bitch. + You know the DD you've done is solid, it always has been, you don't need the market to crash and burn. And you most certainly don't need to dance. + +If you want to be a ~~gorillanaire~~ gorzillianaire, you just need to buy and hold. It's not a war, we don't need to do anything just buy and hold. + +*Not financial advice, I'm an investor that likes to hold for infinity* + + +Edit - adding gorzillianaire + +Edit 2- Looking at the traction this post has gained and how many shared opinions there are. I think it's a good time to point out the importance of downvoting as much as upvoting. + +You may glance at a post and think '*Not another one of these*' but you have to downvote if you're either suspicious or think something isn't relevant or false information. The upvotes are you bias confirmation but it's important to do a quit fact check or question. + +Question everything! If someone is going to put you down for that, they shouldn't be on the sub. Report them. Let's clean this sub up as users and not have to rely on the mods to do that for us. As one of our founding fathers once said, *"Ape no fight Ape"" +Hey all, this is my first time actually contributing to the sub. Usually I come here for advice but now I have some for you. At the end of 2018 I downloaded a budget template and logged all transactions throughout 2019 and I have never felt more in control of my finances. By keeping an indepth budget sheet I was able to pinpoint and realise where my money was going where it shouldn't be and to where it should be going instead. Being able to track every cent I spent or earned was the best thing I did in 2019. + +You don't need to use the template I am, but I would recommend it: [~~https://www.thefrugalgene.com/budget-spreadsheet-free-google-docs-planner/~~](https://www.thefrugalgene.com/budget-spreadsheet-free-google-docs-planner/) use this one instead: [https://docs.google.com/spreadsheets/d/1qxe7PBGLVknHwJmRGP-1J60UsjCXsMffKFEnbmb3-SI/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1qxe7PBGLVknHwJmRGP-1J60UsjCXsMffKFEnbmb3-SI/edit?usp=sharing) + +The biggest obstacle is to keep yourself motivated to continue filling it in as the year goes on. Keep your receipts to make it easier. If you share your finances with an SO or similar, keep each other motivated. At the end of the year you will find yourself in a much more powerful position when it comes to your finances. Logging all my expenses made me see how much money I wasted on junk food and the sorts. + +If anyone has anything else to add please do so as I wont claim I have all the answers. I hope this post helps some of you :) + +And lastly, Happy New Year everyone! +I’m feeling this way and wondering if others share the same view. The main reason being realising that the value of an apartment may not go up as much as a house. +# EDIT: 002 is not coming into effect tommorow as a fellow redditor has pointed out to me in the comments. It is going to get approved or denied, then implemented either same day or up to 10 days after approval(as far as I am aware) + +# EDIT 2: Fixed some minor formatting and phrasing issues to make the post a little cleaner to look at. (editing on mobile removes the images for some reason) + +Hello fellow apes! So the reason I'm writing this right now, as you might imagine, is because reverse repos have gone haywire. I mean, take a look at this: + +&#x200B; + +[ON RRP last Wednesday](https://preview.redd.it/cl1rnuw43m671.png?width=642&format=png&auto=webp&s=e410e08ad3c4f4f6e406dfce4399cfc36e41b84d) + +[ON RRP the day AFTER](https://preview.redd.it/895krlq63m671.png?width=634&format=png&auto=webp&s=a6eb1c97fbc12997a35af30c4a147c1dd6a80ee5) + +So, what gives? Why did all of these counterparties decide to throw money at the FED like they were at a strip club getting the greatest performance of their goddamn lives? That's a 200 BILLION increase in a day. Well, if you look under "Rate (%)" you'll see the award amount has changed to 0.05. That's right folks, banks and other counterparties are now getting **paid** for borrowing treasury collateral as the reverse repo rate isn't 0 anymore. This basically does 2 things: + +1. Incentivizes more counterparties to throw money into reverse repos +2. Incentivizes said counterparties to be more loosey goosey with how much treasury collateral they are borrowing + +Hence, we have the sudden jump in both counterparties as well as the total reverse repo $ amount. For such a large jump in a day, however, shows that there is a lot of demand for treasury collateral. This proves to me how bad this collateral crisis truly is, and how desperate banks and other counterparties are to get a hold of meaningful collateral. What's weird to me, is the *timing* of all this though. I mean, don't you find it weird that around the same time that 005 gets put into effect, counterparties are incentivized to borrow more treasury collateral? To understand this connection, we need to understand what 005 does. + +# Quick Rundown on 005: + +For some of the newer apes around here, or if you are still a little confused about the recent 005 rule enacted by the DTCC, what [DTC-2021-005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) does (other than soft doxxing people, shame on you DTCC) is essentially making it so if you are borrowing/lending a share, the share being lent is still in the hands of the lender (used to be it goes to the borrower), but is marked as "borrowed". + +[\(Apologies for the bad image\) Before 005, when a share was lent, ownership of the share went from the lender to the borrower, with the lender often in the dark as to what was happening with their shares; this gave openings for rehypothecation and other shenanigans the borrower could do.](https://preview.redd.it/71oiqa5b3m671.png?width=1274&format=png&auto=webp&s=222ab92fe48a0d0c5365a1fe6a2a7a7d87dcba75) + +[With 005 now in effect, when a share is loaned, the ownership is still in the hands of the lender, the borrower gets the share, and the share is marked as \\"borrowed\\".](https://preview.redd.it/iu4ya9sb3m671.png?width=1351&format=png&auto=webp&s=8c89961e59d0e816a166db7242f966f7b2a503cf) + +Through this, you basically can't borrow the same share more than once as well as rehypothecate the shares (meaning you can't re-use the collateral you put up to borrow the share until the share is returned). There's a well written and in depth post that explains it better than I could [here](https://www.reddit.com/r/GME/comments/mi3xdt/dtcc_new_proposed_rule_change_dtc2021005/?utm_source=share&utm_medium=web2x&context=3) that you should also look into if you want a better understanding of 005. + +# The Connection: + +So now that we have a gist of 005, we can begin to connect some dots: + +* 005, a rule that is designed to stop a lot of rehypothecation as well as reborrowing of shares more than once, comes into effect. +* The FED ups the reverse repo rate, causing a flood of counterparties looking for treasury collateral to dump a butt load of money into ON RRP, raising the total reverse repo $ amount by over 200 billion. + +Correlation does not equal causation of course, and this is a loose connection, so we need further proof of anything substantial. Well, take a look at [this](https://www.reddit.com/r/Superstonk/comments/o4hzvx/3rd_tiktok_ive_seen_in_the_last_2_hours_about/?utm_source=share&utm_medium=web2x&context=3): + +[Several Chase customers have started reporting that they have -50 BILLION$ in debt. Ridiculous.](https://preview.redd.it/d422ssip3m671.png?width=1920&format=png&auto=webp&s=87ff62733a72ffead7da116e36160b3dcdf10d37) + +At first I was skeptical that this was a true value and that it could have just been a glitch, but here is what u/jaybaumyo had to say regarding this in the comments: + +[So, 50 billion is a specific number to have as a max number in coding, one so specific that it is highly unlikely to be a glitch in this circumstance and likely the result of something else, such as Chase's debt leaking into their customers bank accounts.](https://preview.redd.it/j5u9ef8r3m671.png?width=669&format=png&auto=webp&s=6af155060ef4d3e017c9d41143ce5bb1e70a318b) + +With Chase customers suddenly reporting -50 billion in debt in their BANK accounts, and with BANKS being some of the primary counterparties of FED ON RRP agreements, my theory is that banks have started getting desperate to hide their debt in any way possible so that they can still stay afloat, even if it means putting their customers in danger. 005 being in place REALLY put banks in fear for a couple of reasons: + +1. How overleveraged *they* are +2. How overleveraged hedge funds like *Citadel* are, that we have been theorizing for a while now have been rehypothecating borrowed shares to help reset FTD cycles. + +If a large hedge fund like Citadel goes down(who massively shorted the treasury bonds market BTW), the banks know it won't be long before they become next, so this incentive to use reverse repos helped the demand for treasury collateral become more visible to the public than it already was and helped crystalize what we have been saying for months now. + +But why is all this coming about now, to the extent that it has other than just the incentive? For them to be this desperate about it, they have to be afraid of something that isn't just DTC-2021-005 (which is already bad enough) . Well, what special certain rule \*cough\* *SR-NSCC-2021-002* is possibly coming into effect TOMMOROW that automates margin calls, and is asking for supplemental liquidity deposits DAILY to NSCC's clearing fund from its members for their overleveraged positions? + +If 002 comes into play, it won't take long before the house of cards comes falling down. They're so desperate in fact, their debt has not only started to leak through their customer's bank accounts, but in other avenues as well. + +# The C-Market Connection: + +Banks, hedge funds, hell the whole house of cards are truly on the brink of destruction right now in my opinion. To truly send this point home, I would like for you to have a look at [this](https://www.fox5atlanta.com/news/crypto-currency-confusion-georgia-man-wakes-up-a-trillionaire) as well: + +Quick Edit: changed the source that reported on this story to a more reputable source + +[You're seeing that right: a Georgia man woke up to 1 TRILLION in his account, after investing only 20 dollars in a random C-coin called Rocket Bunny.](https://preview.redd.it/iqso3j3x3m671.png?width=932&format=png&auto=webp&s=22c1a4e3c37d6a4aee386f6306d71ee847aca13c) + +Now obviously, he's probably not gonna get to take out *all* 1 trillion dollars, but something is definitely suspicious here regarding the timing of all of this. I mean, do you know how much money 1 fucking trillion dollars is? Who the hell is capable of inflating a random C.C. to the extent that a random guy that put 20 dollars into it got 1 TRILLION out of it? There's only two entities that I believe are capable of such feat, and they are ALSO the ones in massively overleveraged positions: + +1. Banks +2. Hedge funds + +But first: Why use the c-market as a way to hide debt, and how? + +1. The c-market is massively unregulated at the moment which is the perfect place to take advantage of to hide a bunch of money. +2. By inflating random C.Cs, when they take profits it could be used to *hide the true value of the debt itself.* + +Let me explain that second point. Right now, as far as we know the overleveraged positions of these entities are *unrealized losses*. They don't become real losses until they exit their positions. So, by inflating random C.C.s , they're using the profits they gain to report larger assets overall on the books vs liabilities (not reporting on what they did in the C-market specifically of course, they *really* aren't required to report that). Since their losses are unrealized, we have the illusion on the accounting front that they are thriving and don't have much debt when they are *actually on the verge of collapse and are probably using these profits to help cover their losses when they become realized.* + +For the c-market, the manipulation could honestly be a combination of both banks, hedge funds and other entities we may not even know of that are also really overleveraged in the market right now. I just think it makes more sense with banks and the hedgies because: + +In terms of banks: + +* The FED is basically hoarding treasury collateral at this point, so banks and other counterparties can only use so much treasury collateral through ON RRP to report less losses on the books. + +In terms of hedge funds: + +* Hedge funds aren't qualified counterparties (to my knowledge) for reverse repos, so inflating random C.Cs is one of the only ways (besides resetting FTD cycles infinitely through rehypothecation/options fuckery, which we know with DTC-2021-005 in effect is next to impossible to keep doing forever now) that they can continue to stay afloat and give the illusion on the books that they have outstanding financial performance. + +# Conclusion/TLDR: + +I think DTC-005 coming into effect was the trigger for the house of cards to finally come down, and with NSCC-002 coming into effect after approval, we could see some potentially catastrophic effects in the market in the near future. We've already been seeing some debt being leaked into customers bank accounts, as well as in the c-market. Banks, hedge funds, and any other massive financial entity in an extremely overleveraged position are probably shitting themselves right now because they KNOW they don't have the money to support supplemental liquidity deposits DAILY as well as the possibility of an automatic margin call, when they are most likely BILLIONS in debt. If I were Kenny boy, I would grab my mayo and start running for the hills. + +# Post DD Message: + +Again guys, I just want to thank all of you for reading through my DD! :) The messages and support you guys have given me on my last post as well made me genuinely very happy to see, and it made me more motivated to continue to try to make some DD! Hopefully you guys have enjoyed reading through it, and as for me I might hang out in the comments for a bit before going to sleep soon because its about midnight right now where I live. As always, I will try to continue to improve my DD in the future and this DD, as with any, isn't perfect; I am glad this community helps to chizzle my DD into something closer and closer to it though with every post. +My apartment has a tonne of halogen and cfl lights, and to ensure that I can afford my morning cereal in the winter, I’m thinking of changing to a series of LED GU10s and B22s. + +To my utter horror, almost all the bulbs I’ve looked at across a series of stores all seem to have energy ratings of F or G. Nothing better. + +Am I missing a trick here, or is it just pointless to think I’m going to be able to save any money on this? + + +EDIT: THANK YOU EVERYONE FOR ALL THE COMMENTS AND ADVICE. It's clear that this is a result of the change in the energy ratings in 2021 and that I better get LED bulbs with more than a 2 year warrantly. Really appreciate each and every one of you helping with this :) +**- Warren Buffet** + +All of my CSPs are down by -30%+ right now. My whole portfolio is down 15% just today. + +# AND I'M NOT WORRIED AT ALL + +Why? + +It's not because I have 💎🙌💎 or an irrational love for stress. It's because I've still got 35 days left until they expire. I've still got time on my side. + +THE FUCKING LAWS OF NATURE ARE ON MY SIDE. + +In the past I would've closed for a loss, and stared at my crushed balance for the rest of the day. + +Not anymore... + +Today was rough. If you're looking at a loss and still have time left on your contracts, take a break, go for a walk, get some fresh air. + +We're all gonna make it. + +Edit: If yours expire tomorrow then fuckin panic bro you’re cooked +Hey r/realestateinvesting + +This sub has been so beneficial and really enjoy sharing my real journey as a real estate investor. If you see my post history, I had recently moved out of state and went from self-management to a professional manager. My mindset had changed and things have gotten a lot better, because, at the time of my last post, things looked very grim because after all of the fees, vacancies, etc we took close to a 32% loss in profit in our cash flow by using professional property management. + +However, I came to a new conclusion, and here is why. + +**Quick overview -** + +We started our single-family rental property journey in 2017 and now today have accumulated 10 properties. At the time, all of the deals we did 30-year, 20% down, fixed-rate financing (I.e. maximum cash flow). While self-managing, cash flow was roughly $4,000 a month and now with a property manager it is down to $2,700 a month but it is a lot less headache. + +BUT the reason for the title. Originally I was so bummed and thought the hit was huge and really contemplating if this was still worth it to do REI. But this sub helped me to realize that my major learning was having a property manager would allow me to scale to many more like 50+ properties whereas the 10 properties I was capped out on time and honestly hated it. Hence, it was worth for just that sole basis on the opportunity cost and personal preference. In addition, there was always the possibility that rents would increase over time, and eventually, we would break even or even more profitable one day. + +**New Learnings I.e. title reference** + +However, since moving out of state, our portfolio has just skyrocketed in value, at the time of acquisition our portfolio was roughly worth $637k and now today it is worth close to $1M in only 4 years while still cash flowing every month to cover expenses and an emergency fund. + +Hence, here is the major learning I took away is: home appreciation is where the real money is over cash flow. Though we took a loss of $1,300 a month, even if we only see 3-5% appreciation per year, it is completely worth it to hold our portfolio. Tax benefits and cash flow are just the icings on the cake. Cash flow is really important, BUT, a loss of $1,300 a month to gain many thousands more in appreciation really put it into perspective on the value of holding long-term. + +**Going forward** + +We are now in talks with a commercial lender to refinance all properties under one loan to a lower rate on a 20-year amortization and going to do a cashout refinance and purchase more properties. Once the final appraisals come out, we will be able to pull out almost $175k cash (80% LTV), lower our monthly payments, and increase cash flow and drastically increase our principal pay-down payments. + +*Our plan is to use the $175k + $100k of our cash to purchase a $1M+ apartment complex. We are using the same bank that is doing the refi and the same property manager on our single-family residences to manage it. We will ultimately be lowering our overall property management fees and doubling the value of our rental portfolio to $2M and almost tripling our monthly cash flow.* + +**Conclusion** + +The moral of the story. Had I have given up and been discouraged from the frustration of a property manager (I.e. losing $1,300 a month), none of this would have happened. If you are reading this and frustrated too, stick it out, continue to read this sub, educate yourself, and network with mentors to learn new strategies! Hence, if you are feeling discouraged and want to quit, there is always an angle and a play, keep on going! + +I would love to get any feedback and happy to answer any questions that anyone has. + +I hope this helps someone to keep on going! Happy investing! +What's up Fat FIRE fam (first post for me)- I compiled a list unique countries to travel to in each given month of the year. Once I pull the trigger, I plan to do an epic trip like this around the world to be at specific events in different countries. I find the idea of travel motivates me to keep going hard. + + +Would love to crowd source other experiences and ideas, and hope my list is helpful! Please share the month, country, and reason for being there! + +**January:** Norway- Northern Lights. + +**February:** Switzerland- Skiing in the Alps. Alternative: China- Chinese New Year Celebration. + +**March:** India- Holi festival. + +**April:** Japan- Cherry Blossoms. + +**May:** Czech Republic- 3 week long music festival in Prague, perfect weather. Alternative: Monaco for F1. + +**June:** Tanzania- the great wildebeest migration to Kenya. + +**July:** Croatia- Yacht week 2 -8th, ending at Ultra Music Festival Croatia July 8th - 10th + +**August:** Scottland- Edinburgh Fringe Festival + +**September:** Middle East & Northern Africa- perfect weather and low tourist season. + +**October:** Germany- Octoberfest (I know it starts in Sept but it ends early Oct). Alternative: Mexico- Dia de los Muertos. + +**November:** Tailand- Loi Krathong and Yi Peng festivals with lanterns released into the sky. + +**December:** Chile- Hiking Patagonia, then go bring in the new year in Rio de Janeiro, Brazil. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank + +I found this article very interesting. In short, wealthy people use their Roth IRA to buy undervalued shares of their company prior to going public. The shares then balloon in price when they go public and they end up with potentially billions of dollars in a Roth IRA that they will never pay taxes on if withdrawn after age 59.5. Democrats have proposed disallowing non publicly traded stocks to be purchased inside a Roth but have gotten nowhere with it. It's a hell of a deal if you can pull it off. +My idea right now is to buy a triplex or fourplex using an FHA loan and etc. But I'm not sure if this is the right move. +I guess what I'm asking is, If you were 18, how would u do things differently? +Hey guys, + +#TO CLARIFY: This is a Black Swan event, not the norm. + +- I did - I lost about 10% of my (fairly large) portfolio. + +- One friend lost about 20% of a WAY larger portfolio. + +- Another friend lost 100%. I truly feel for him, if only one person that I know could be spared it would be him. + +We can all hang out and talk about it. + +Times like these will make you remember what is most important in life. God is good. + +Cheers, + +Anthony +It looks like some of the high growth and tech stocks have dipped low enough to some very appealing prices. I did not think I would say that but Nio, SQ, ETSY, even some of the renewable energy stocks are a steal considering their potential sales growth. + +I’m thinking of taking profits on my value stocks, selling IAG and buying into SMT. +Great to hear what everyone’s plans for this week are. +I am still thinking that we may not have reached the bottom yet but with the stimulus passed, we seem to be close to it. +&#x200B; + +[The GME thesis, which I aim to explain via the comparison with VW and TSLA \(daily chart\)](https://preview.redd.it/e96lpakez1z61.jpg?width=2388&format=pjpg&auto=webp&s=862612bd4206afdb06123d26047d374f8a07e176) + +&#x200B; + +Sup, honorable apecitizens! Recently I’ve been working on this fascinating piece of TA, and now I am finally ready to share that with [you](https://www.reddit.com/r/wallstreetbets/comments/msv8n1/tbh_i_only_trust_retards/). I am so confident in it, that I dared to put my beard (which I have for five years already) on the line! Worth your full read, I promise! I decided to structure the analysis in the following way: first we'll take a look at the VW short squeeze, revisiting its origins and background as the very first step of the discussion - in order to better understand the fundamental context of TA; after that I'll lay down the main technical parameters and frameworks, through which the [GMESS](https://imgur.com/a/Sd4uE1b) thesis will be dissected, applying all of those to VWSS and explaining the TA core on the Volkswagen example; then, the process will be repeated, but this time TSLASS anatomy will be elaborated upon. Finally, all of the data accumulated in the process, as well as the major findings made, will be applied to the current technical state of GME, in order to construct at least a potential forecast and the probable price action. Buckle up and eat a crayon, let's start. + +Oh, and one more thing! I really encourage you to dive deep into the ANALysis with me, because the thesis can only be understood if all of the technical factors at play are considered in the sharpest detail first - and then in the aggregate: zooming out and looking at the bigger picture through the prism of coincidences, interdependences and probabilities. Dafaq did I just write? - Dunno, but that's exactly what I meant! + +(Not a financial advice, as I am not a professional advisor, just an amateur ANALyzer) + +&#x200B; + +&#x200B; + +# Volkswagen - Das Short-Squeeze: Sep 2007 - Mar 2009 + +&#x200B; + +&#x200B; + +Remember, when VW became the most valued company in the world for a brief wild period of trading? I bet, Pepperidge apes remember. The squeeze played out right in the midst of the global financial crisis, and such an occurrence was fueled by a curious background scenario, orchestrated largely by one very interesting person. Back then, the former President of Porsche, Wendelin Wiedeking (must be a cousin of Battlefield Counterstrike), was pursuing a goal of taking over Volkswagen. In this process, he used cash-settled options to circumvent the transparency and disclosure of Porsche’s market operations. While being acquired by Porsche, Volkswagen had its ordinary shares premium risen to disproportionately high levels compared to its preference shares. + +As the general public was finding out about Wendysking’s takeover plan, hedge funds and particularly short-sellers set their eyes on the fact that Volkswagen’s preferred shares were traded at a significant discount to the ordinaries (approximately 70%). While the price of the ordinary stock gradually increased, the preferential shares stayed put - and the hedge funds smelt an arbitrage opportunity. They started shorting the stock and buying the preferred shares to profit on the massive divergence. For a moment, there was no news of Porsche continuing its purchase of VW ordinaries from the market, and that fact gave the hedge funds additional confidence. Only to get blindsided, as it turned out later. One shorts-frying weekend, Porsche announced its total holding in VW, cornering the substantial part of the float, and leaving only 6% in free float. In the meantime, short sales had risen to 12% of total stock outstanding. When the market found out that Porsche had acquired 74.1% of the outstanding shares through the in-transparent cash-settled options, VWSS happened - briefly making Volkswagen the largest company in the world, and finally allowing the shorting side to [GUH](https://www.reddit.com/r/wallstreetbets/comments/dpnzup/i_recorded_todays_marketopen_and_the_instant/): + +&#x200B; + +>It was mathematically impossible for every short-seller to buy a share, and therefore close their position. In other words, half the room were going to be left in a burning building with no way out. A panicked dash for the exit began. + +&#x200B; + +— A spot on metaphor by Jamie Powell, an FT journalist. Hedge funds are estimated to have lost $20 to $30 billion by betting against VW ordinary stock. + +What is really ironic (in Palpatine voice) - even though Porsche managed to burn many short sellers, the company couldn’t pay up for the huge positions it had created, and ended up being acquired by VW instead. + +https://preview.redd.it/3w0ajhk1f2z61.jpg?width=1722&format=pjpg&auto=webp&s=a4d29a8a0c5ccacfdd193f3e2d5100d0cfdee74b + +Also, interestingly enough, after his departure from Porsche, Wiedeking was charged with market manipulation for his role in the takeover bid. The charges were dropped in July 2016 due to a too little chance of success. Lucking Fegend. + +&#x200B; + +**Now let’s take a look at how this epic event was incorporated into the chart:** + +[VWSS, Daily Chart](https://preview.redd.it/d3pfzvb202z61.jpg?width=2388&format=pjpg&auto=webp&s=e497ddf6518faec188269120c44df64ab6cb1791) + +Even though it all looks overwhelming from the first glance, don't worry, I'll explain. There are only two major TA instruments used here, namely Fibonacci retracement 🌈tool (useful for assessing 'altitude' and the crucial support/resistance levels, check out the in-depth explanation of this TA tool [in my other post](https://www.reddit.com/r/wallstreetbets/comments/mwevzz/the_big_short_20_why_bears_may_soon_reconsider/)). The second one is the trend based Fibonacci extension for time periods (pink vertical grid with numbers 0, 0.382, 0.618 and so on) - for setting the major time landmarks and zones. Furthermore, you should have noticed the three catchy geometric figures, and the purple line - which is actually a good starting point to unfold the technical thesis. + +In the process of working with VW, TSLA and GME charts, I managed to identify several peculiar characteristics and patterns, that were of an evident nature and have been manifested on all of the three charts, to one degree or another. The most prominent one, in my opinion, is the killer purple resistance/support level. For the current VW example, it is somewhere around $30 mark, or $29.27 if you like precision. + +One may observe on the chart above, that this level is indeed the most significant level through the complete history of VWSS. First, the preliminary to the squeeze major bull run, which solidly accelerated in the middle of September 2007, was held back and repulsed by this level's resistance on the last day of October. It took almost half a year for the price action to catch up to it again in late March 2008. This was followed by a consolidation (with several failed attempts of breakout) just below this level, which lasted for more than 100 days, before the price action finally torn the resistance apart with the powerful gap on the 16th of July '08. And guess what? Even after that, the level played the major supportive role for the price action, with one final retest before the squeeze finally lift off it in the middle of September 2008. You should also make a note of how the price was still magnetized by this level during the final stages of the squeeze. The signifficance of this price level for the whole chart of VW above is difficult to underestimate. Seeing the importance of this level and being a fan of Jimi Hendrix, I decided to name it "**Purple Haze**". + +Let's inspect the fancy geometric shapes now. These are actually much more reasoned and circumspective than it may seem from the first glance. The first one, in orange, is a cup shaped consolidation (let it be called the "**Squeezy Grail**", because why not?) - taking place above 100% Fibo and just below the 'Purple Haze' - which commenced as soon as this major resistance level had been tested for the first time. It is subsequently followed by the second consolidation of a flatter nature \[if you know what else is of a flatter nature, comment and if the joke is good enough I may give you an award\], which again plays around the main $30 level on the chart. The second consolidation, highlighted by the pink rectangle (a.k.a. the "**Runway**"), is actually more important than the first one, because here is the point where the paramount breakout happens: the 'Purple Haze' resistance is blew off (in the middle of 0.382 period). Based on that observation, it is also appropriate to assume that in order for the squeeze to initiate, the 'Purple Haze' has to be conquered at some point inside 0.382 Fibo time zone, during the 'Runway' stage. Finally, the triangular "**Squieezluminati Confirmed**" part is self explanatory, imho. Oh, just one commentary worth being made here: take a look at how the squeeze itself is proportionate, bipartite, and fits well into the isosceles triangle. The nature surely knows how to play with stonks, too. + +Especially, when we talk about Fibonacci. The horizontal 🌈 grid, Fibo retracement, is often used to estimate the possible corrective trend's depth, as well as to identify the key support and resistance levels of it. This one is comfortably applied to the beninging and the apex point of the trend (see the gray dash and dash line on the chart above), and its relevance is subsequently confirmed by how the price action plays around the levels in the triangle. The 12th of September '07 seems to be a good starting point for Fibo retracement application, because on that day another important resistance of $20.72 was penetrated for the first time (then confirmed as support with the beautiful bear trap candle on 23 Jan '08). Furthermore, $20.72 level works like an ideal 100% Fibo retrace level for the current example, and supports the 'Holy Grail' comparable to how my granny supports me. Also, take a note of the 'Purple Haze' being relatively in the middle, in between 78.6% and 100% of Fibo retracement - an important factor that will enable us to apply this retracement to GME later. + +Not only the 12th of September fits well as Fibo retracement starting point, it is also a perfect spot to start stretching out the trend-based Fib time grid (TBFTG - to be fucked then go, alternatively). This one is a complex instrument, so take this quick explanation for granted or do your own research in relation to it. Just like Fibo retracement, TBFTG is based on Fibonacci sequence, but this one applies to time periods, instead of the price action and levels. In order to use this instrument properly, it is necessary to identify the preliminary major trend, that will serve as the core measurement for the sequent time periods. Oh, it took me a lot of time to inspect that parameter and to identify those initial pink dash and dash trends, trust me! Tbh, it was one of the most difficult tasks to accomplish in the preparation of this TA. But the result was worth the effort! I noticed the following correlation applicable to both VWSS and TSLASS (and hypothetically to GME too): TBFTG pink dash measurement must involve the major preliminary impulse of the prior main trend, plus 'Squeezy Grail' phase. The staring point of TBFTG is particularly tricky to be identified, and I'm talking about all of the examples, but possible - especially when looking at the TA as a whole, referring to how the grid applies to the price action, and comparing the examples between each other. That is pure rocket science, if you ask me. And most importantly, the TBFTG measurement duration (pink dash and dash trend) seem to be very similar in length to 'Squieezluminati' basis - check the bars measurements on all of the charts (blue lines for VW). + +Pay attention to the following features, which really help to dissect the squeezes' anatomies and to build the suitable technical framework: *the 'Purple Haze' breakout occurs in 0.382 TBFTG zone; and the squeeze lifts off in the first half of 0.618 zone, peaking at 1*; *TBFTG pink dash measurement includes major preliminary trend plus 'Squeezy Grail', as it has been mentioned above. Furthermore, the correlation in duration of TBFTG measurement and the triangle basis must once again be emphasized.* + +Noice, but let's move further. + +&#x200B; + +&#x200B; + +# Tesla, or how Elon Mask truly “is become meme, Destroyer of shorts”: Apr 2019 - Apr 2020 + +&#x200B; + +&#x200B; + +Tesla and the founder Elon Musk have confronted the short sellers on a regular basis, and even after the run-ins with the Securities and Exchange Commission (SEC), for now, the former have been winning. The TSLA shorters were sitting on mark-to-market losses of over $40 billion in late 2020, as the company’s shares exploded 740% last year. This information is based on data collected by Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, a fin-anal company. + +Remember the not so distant in past Tesla 'mania'? The prospects of Tesla’s business and the furious opposition of bulls and bears, including famous fund managers like David Einhorn and Mark Spiegel (who still hold a strong opinion that TSLA is a house of cards ready to collapse), have over the years contributed to an extreme volatility in the stock price. Elon Musk openly criticized the short-sellers and their motivation to dig out and spread negative sentiment about the company. The 'taking Tesla private' play seemed to work out for the short-sellers as the stock price collapsed by about 50% from November 2018 to May 2019. After that, amidst Tesla’s opening of the Shanghai Gigafactory and the announcement of the company's first annual operating profit exceeding analyst expectations, the tables have turned and the bear-beaten TSLA shares skyrocketed in price (not without noble WSBetters help, definitely). Needless to say, that previously steady short-sellers started getting anxious and scrambled to cover their positions. + +&#x200B; + +Dusaniwsky told Institutional Investor (B2B media) that shorting Tesla is: + +>The longest unprofitable short I’ve ever seen! + +&#x200B; + +Well, Mr. Dusaniwsky, WSB seem to have an answer for everything: + +https://preview.redd.it/h3l5hayu02z61.jpg?width=1668&format=pjpg&auto=webp&s=ecc69df97a282c4a22663e8487cf316488ed9d32 + +&#x200B; + +While companies and founders often hold a scorn on short sellers, because they can bring down stock prices and cause the cost of capital to rise (or even do worse things, if you know what I mean), Musk’s disdain for the short selling community is unrivaled. In the middle of 2020, Musk took a dig at short sellers by releasing 'short shorts'. These now sell at a premium on Ebay. It's all nice and good, but I have another cool merch idea - '**shortz r fuk**': + +[TSLASS, Daily Chart](https://preview.redd.it/f0qbrpqn22z61.jpg?width=2388&format=pjpg&auto=webp&s=479c78e6763043f81e9ac2c75cf8a6c769d9eee4) + +&#x200B; + +Beautiful, isn't it? Let's quickly run through the short squeeze anatomy checklist, thoroughly elaborated in the previous TA chapter via the example of VW. First things first, the 'Squeezy Grail' is present, but it resembles more of a V shape structure. Next, the 'Runway' stage is good-looking: a fucking massive gap happened there, and this time 78.6% Fibo level is tested during the 'Runway', being indicative of the TSLA bulls' crazy power. 'Squieezluminati Confirmed' is also really interesting here, as this time there is no isosceles triangle at its core structure, but rather a 'chainsaw'-like volatile price action taking place. Furthermore, you may see that inside of the triangle, there is the after-peak 78.6% Fibo zone retest, which in turn hedl and bounced the price back in the direction of... Moon. Blessed be the bulls! + +Looking at the 'Purple Haze' (which is again in between Fibo 78.6% and 100% \[important!\]), for TSLASS the major price level manifested at $52.46. During the first half of 2019, this level played a role of a magnetizing support, with the subsequent testing in March and the breakout to the downside in late April. Again, a lengthy, half a year long consolidation is taking place just below this level, and above Fibo 100% retracement. The breakout occurs, you guessed, right in the TBFTG 0.382 zone. And what is really fascinating, is the fact that, after the breakout, the 'Purple Haze' has never been retested. But who knows what the future holds? + +And the Fibos. The retracement, again, apples perfectly onto the complete squeeze structure: 78.6% is trialed several times; all of the upper levels except for 38.2% were broken with the subsequent retrace and and some with the retest. A particularly intensive price action was occurring for about two weeks near the 23.6% Fibo level, and the high of $189.4 level was penetrated and then touched gently during the initial squeeze. Ah, almost forgot, 100% ($35.75) Fibo level firmly holds the 'Squeezy Grail' in hand again. + +Current TBFTG should be of an interest for fellow TAnaLyzators too. Particularly, the downtrend, as opposed to VW uptrend, serves as the core for TBFTG's application (again, refer to the dash and dash pinkish line). This core is composed of the pre-'Squeezy Grail' downtrend plus the Grail itself. Take a look at gray measurements, which cover this phase and the triangle duration - again these two follow the tendency of being proportionate in the length as phases. *Crucially, the 'Purple Haze' breakout occurs in 0.382 TBFTG zone again; then one more time the squeeze lifts off in the first half of 0.618 zone, with the false first peak during the final stages of 0.618 and the proper peak at 1*. + +Too many coincidences and congruences between the two TA examples discussed above, if you ask me. Especially if the fact that such events happen once in ten years or so is taken into account. Two quotes are of a relevance here: + +&#x200B; + +>Coincidences mean you're on the right path - *Simon van Booy* + +&#x200B; + +>If you gaze long enough into an asshole, the asshole will gaze back into you - u/roman_axt + +&#x200B; + +Some additional food for thought from TSLA: + +[For redditors with a different floor](https://preview.redd.it/gnd0yienc2z61.jpg?width=1668&format=pjpg&auto=webp&s=b8b72e1671ad69cf871cde154ae386e52835e94a) + +&#x200B; + +&#x200B; + +# Game stopped, or it is just a beginning? + +&#x200B; + +&#x200B; + +I am absolutely confident that you all know even more than myself about the fundamental factors at play for GME, so I will not bother you here with the background explanation. There is a plenty of good HQ DD all around reddit, so let's jump straight to the sweet sweet TA: + +[GMESS, Daily Chart](https://preview.redd.it/ko1ppnasc2z61.jpg?width=2388&format=pjpg&auto=webp&s=1d3f7c2a78135696d66a0a70e8e2a34ad4a04dbf) + +&#x200B; + +At this point, I feel that a disclaimer is necessary. Let me briefly remind you that this analysis is a thesis, or a hypothesis that has to be proven in the future. I do believe that there is a solid probability for things to play out this way, and my beard supports my manly confidence. However, this is the market, and it all may go another way at any point in time, that's the nature of things! Think critically, learn and do your own DD and TA. In a good memory of u/ControlTheNarrative, at least. + +And so, it begins. Despite it may seem that there are too many unknown or at least questionable variables for now in this GMESS TA, I believe that I was able to identify the most crucial parameters to build the core of this technical analysis's thesis, since VWSS and TSLASS provided many clues and identifiable characteristics to refer to. The first and most important one is surely the 'Purple Haze'. I should remind you, that this mystically sounding level persistently held back the price for both of the squeeze examples discussed, and only upon the breakout of this level the short squeezes were initiated. For GME this major price level seems to be at about $233 mark, with two intensive tests in Jan and Mar, which proved it to be the most significant resistance on the chart above. + +Then, the shapes. The 'Squeezy Grail' (again occurring in between 78.6% and 100%) consolidation is also easily identifiable here, and it is yet again followed by the rectangular 'Runway' consolidation, where the price action currently stands. Remember, how historically (in TSLA and VW) the 'Purple Haze' breakout occurred somewhere near the spot of the current GME price action, in 0.382 Fibo time zone? Well, to paraphrase Ian Fleming: once is (VW) happenstance. Twice is (TSLA) coincidence. Three times is GMenemy action. + +Fibos. Applying these two instruments to GME was real pain in the ass. Firstly, because the retracement is not usually used as a predictive instrument, being ordinarily applied to the completed trend. But since the situation is not ordinary at all, I played smarter (or more autistic, if you like). Due to the fact that the 'Purple Haze' level was approximately in between 78.6% and 100% Fibo in both of the previous examples, I assumed exactly that to be applicable here too. My belief is firmly backed up by this soft touch of 78.6% by the price action on Jan 28th. And when these two major levels were identified, the Fibo retracement horizontal grid just stretched out on GME itself. + +Identifying the starting points for the trend for both Fibos was the most tricky part. After countless attempts and failures I found what I believe to be the cornerstone to the squeeze: + +[Fibos' initiation point zoomed in](https://preview.redd.it/t2ouren1d2z61.jpg?width=1668&format=pjpg&auto=webp&s=1cd87d96bb42ac20451c86059295f7560c8c44e8) + +&#x200B; + +Why? Because this ☝️ is clearly where the fun started. + +And now it all matches perfectly. So, I am patiently waiting for the 'Purple Haze' to be broken. And what do you do, fellow retard? + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +They say, that coincidence doesn't happen a third time. I say, we shall see. + +**TL;DR** is in the comments. + +P.S. Here is the most precious thing that I can offer you: my Crayon summative drawings: + +https://preview.redd.it/cqzfkxh7d2z61.jpg?width=2388&format=pjpg&auto=webp&s=82c47698d81cb9e4641df74272e98dd4fcce5337 + +https://preview.redd.it/dg3zkwh8d2z61.jpg?width=2388&format=pjpg&auto=webp&s=906b9a497c366a48566e37651d3f6d9acc16d8ac + +https://preview.redd.it/c5ui5of9d2z61.jpg?width=2388&format=pjpg&auto=webp&s=ddd3069eba69f52889bc6571557740d08ec7f6e6 + +&#x200B; + +EDIT. + +Here you go boy, proof of beard: + +https://preview.redd.it/bsx1hemba4z61.jpg?width=4032&format=pjpg&auto=webp&s=a7d38277f706f1944d10e27adf84f17e19ae10d8 + +I also decided to raise my bets, so I will also shave my hairy legs, if I'm wrong: + +https://preview.redd.it/wo2u9g9da4z61.jpg?width=4032&format=pjpg&auto=webp&s=967dbbe4f4b75f52d94869b38fc2837badb8b710 + +And yeah, the reddit avatar will also get the new style. + +&#x200B; + +EDIT 2. + +You fucking whining bastards started criticizing my beard and its quality. Here is a better shot. Like you got a better one, wankers! + +https://preview.redd.it/eyv1f5nxh4z61.jpg?width=3023&format=pjpg&auto=webp&s=72e21e223d3e02d58c4fa387c119e9641b00232c + +&#x200B; +Something I would never ever do with the stock market is borrow $300,000 from the brokerage and invest it in a single stock. + +Buying a property as an investment and not a home seams like an extremely high risk play. The money i could get for rent here would probably only break me even on taxes in my state, let alone the other expenses that go into being a land lord. What I've been told here is that you're looking to levarage the money you borrow from the bank and make money on the appreciation of the property. + +What if the neighborhood turns to shit?? What if you buy at the peak moments of the sellers market and the value of the home drops drastically. Isn't that leverage going to be equally as bad to the downside? If i put down $100,000 for a $500,000 home and the value drops to $400,000 by years end... I lost the entire value of my initial investment in the blink if an eye! + +Am I wrong to be so cautious about leveraging money? +Hi guys, + +with this post I want to compress days of research so that you don't have to waste time by choosing long-term and undervalued projects. + +You wouldn't believe how many hours of reading I've spent to come up with this list of projects. + +I have "skin in the game" in each of the following coins, but don't worry because I'm plancton and can't dump on you. + +I'll try to be as clear, using laymen terms, and as concise (no more than 3 points for projects) so that the reading won't hurt your brain. + +The ordering is alphabetic to be fair towards the projects I've picked. + +P.S.: This post took hours. If there's something wrong just tell me and I'll fix it. Enjoy! + +**Cartesi** (CTSI #452 on CoinGecko 24M market cap) +\- It's a layer-2 solution running in Linux that helps layer-1 blockchains to scale. +\- They will release a Software Developer Kit and Optimistic Rollups (which are used to improve speed by quite a lot) soon. +\- CTSI token has utility: block rewards, staking and arbitration. + +**Celer Network** (CELR #266 on CoinGecko 68M market cap) +\- It's a layer-2 solution that enables fast and low cost transactions. +\- It has a working an Software Developer Kit and an app called CelerX that showcases the speed they can achieve. +\- CELR token has utility: liquidity, staking and paying the service. + +**CertiK** (CTK #288 on CoinGecko 58M market cap) +\- It's a Delegated Proof-of-Stake blockchain built with the Cosmos Developer Kit. +\- It's main product is the Security Oracle which is basically a piece of code you can call to check if a smart contract you is safe or not, think of it as an anti-scam oracle. +\- CTK token has both utility and governance: gas, staking, rewards, collateral and voting. + +**Chromia** (CHR #462 on CoinGecko 23M market cap) +\- It aims to solve the scalability problem of current blockchains with a unique approach: by forming a network of relational databases (nodes). +\- It works similar to sharding (a technique used for parallel computing) and leverage existing Proof-of-Work blockchains to improve it's security (Chromia's transactions gets bundled and inserted into BitCoin or Ethereum). +\- CHR token has utility: rewards and paying. + +**Contentos** (COS #348 on CoinGecko 39M market cap) +\- It aims to protect author's rights by building a decentralized digital content comminity capable of distributing and rewarding contents. +\- Provides smart contracts for automated monetization, copyright verification and storage of digital content right into the Contentos blockchain. Every interaction of a user within the eco-system is recorded and provides a credit status therefore incentivizing positive interactions. +\- COS token has utility and governance: gas, transactions and voting. + +**COTI** (COTI #262 on CoinGecko 69M market cap) +\- It's a graph blockchain that combines Proof-of-Trust and Proof-of-Stake to achieve highspeed and low costs. +\- It enables other blockchains to use its trust score system to identify malicious actors, it also has a payment solution for merchants that works via web and POS. +\- COTI has utility: transactions and rewards. + +**Cover Protocol** (COVER #347 on CoinGecko 41M market cap) +\- It's a risk coverage marketplace for Ethereum projects. In basic terms is insurance for DeFi, it works by people holding CLAIM or NOCLAIM tokens to cover themselves from possible losses resulting by project failures. +\- It withstood and hack and has learnt the hard lesson. +\- COVER is a governance token used to vote for proposals and validate/invalidate claims. + +**Cudos** (CUDOS #642 on CoinGecko 10M market cap) +\- It aims to offer monetization for sellers' hardware idle time and competitive computing power prices for buyers. +\- It partnered with AMD and has pretty high profile advisors such as the Director of Blockchain for AMD and the former CEO of Sony Entertainment Europe. +\- CUDOS is the utility token for the platform. + +**DIA** (DIA #268 on CoinGecko 67M market cap) +\- It's an open-source price oracle for DeFi applications. A price oracle is a piece of code that can be used to get reliable data for financial applications. +\- Its data feeds are open-source and verifiable by everyone. +\- DIA is both governance and utility token: voting, staking and payments. + +**DUSK Network** (DUSK #380 on CoinGecko 35M market cap) +\- It's a blockchain that enables privacy-preserving transactions and smart contracts execution. +\- It could bring a privacy-friendly DeFi in which interactions with smart contracts are kept secret. +\- DUSK is the utility token used for transactions. + +**EasyFi** (EASY #445 on CoinGecko 26M market cap) +\- DeFi lending protocol that enables under-collateralized lending, it achieve this with TrustScore which is a mechanism to analyze borrower's activities on various platforms to determine the collateralization ratio required. +\- It uses Proof-of-Stake and Plasma to be high speed and low cost. +\- EAST has both governance and utility: voting, rewards and staking. + +**Frontier** (FRONT #454 on CoinGecko 24M market cap) +\- It's a DeFi aggregation platform that makes super easy and comfortable to use the most established DeFi services on the following chains: Ethereum, BSC, Band, Kava, Harmony and Cosmos. +\- The financial services you can find in the app are: staking, swapping, liquidity provision, borrowing/lending and more! +\- FRONT is both utility and governance token: voting, liquidity provision and staking. + +**Injective Protocol** (INJ #130 on CoinGecko 207M market cap) +\- It's a decentralized exchange that lets users trade digital and pegged-in-value copies of almost anything (crypto, fiat, stocks...). +\- It's built on layer-2 therefore it's fast and cheap. It's a Robinhood (trading app) killer. It's close to its mainnet. +\- INJ token is both utility and governance: voting, rewards and collateral backing. + +**Measurable Data Token** (MDT #398 on CoinGecko 32M market cap) +\- It's a secure and anonymous marketplace for data exchange. +\- It also provides consumers insights to businesses with Artificial Intelligence. +\- MDT is the utility token to pay for data and is used for rewards. + +**Opacity** (OPCT #754 on CoinGecko 7M market cap) +\- It's a cloud storage powered by OPCT token. +\- It's based on zero-knowledge principle, this means they can't track your uploads/downloads. +\- OPCT it's the utility token for payments and rewards. + +**Origin Protocol** (OGN #207 on CoinGecko 101M market cap) +\- It aims to be the future of decentralized e-commerce to make it easy for people to commerce without paying commissions. +\- The focus is to build an open and free market in which participants have stakes in the network. +\- OGN is a utility token to pay for the service and affiliate/advertise the platform. + +**Orion Protocol** (ORN #225 on CoinGecko 91M market cap) +\- It's a trading terminal that executes trades across different exchanges both centralized and decentralized. +\- It has a portfolio management app and app store (algo trading bots), and also other products for exchanges. +\- ORN is a utility token used for broker staking, rewards and discounts. + +**Prometeus** (PROM #403 on CoinGecko 32M market cap) +\- It's a layer-2 project built on Binance Smart Chain and Arweave that aims to provide anonymous data store and exchange. +\- It's basically a way in which people can monetize data beyond jurisdiction. +\- PROM is a utility token used for staking and payments. + +**Prosper** (PROS #647 on CoinGecko 10M market cap) +\- It's an prediction/hedging platform built on Ethereum and Binance Smart Chain. +\- Think of it as a betting platform in which you choose between BULL and BEAR scenarios (over a given period) and you can win/lose money. +\- PROS is both utility and governance token: rewards, liquidity provision, insurance system and fee discounts. + +**STP Network** (STPT #458 on CoinGecko 24M market cap) +\- It will enable synthetics assets to be issued on Polkadot. +\- It aims to reduce collateralization needed and be able to work cross-chain. +\- STPT is the governance token used for protocol decisions. + +**TrueFi** (TRU #287 on CoinGecko 61M market cap) +\- It aims to enable uncollateralized lending by letting TRU stakers to accept/refuse the requests submitted by borrowers, TRU stakers are subjected to upside/downside based on if the loan ends up repaid. +\- Borrowers sign a loan agreement and will face legal action in case they don't return the principal and interest. +\- TRU is the governance token used to make decisions. + +**Wing Finance** (WING #411 on CoinGecko 31M market cap) +\- It's a lending platform that has two types of lending a) collateralized lending and b) credit-based lending. +\- Credit-based lending uses an OScore (ONTology Score) to reduce collateralization. +\- WING is used for voting, discounts and insurance contracts. + +&#x200B; + +Thanks for you attention, +Fredo Corleone +&#x200B; + +[Our shares only safe haven](https://preview.redd.it/km6ijs2ydv291.jpg?width=795&format=pjpg&auto=webp&s=2e9c03b02765c02a7858666f2bebe48a2766cfb5) + +I would like to adress a few words to my loved sub regarding the soon to be known, new DRS numbers. + +I remember a huge wave of tried FUD and disappointment when DRS numbers got released back in March and we "only" had 8.9 Million shares DRSed. + +What a lot of people did not realize was the fact - as stated in the filings - that this number was not the state as of March (Earnings Report) but from End of January. Lots of DRSed shares had not been bought, transfered or settled and at the time we received this number, we're already more and more DRSed and were hugely enjoying the latest dips. ($InsertSlurpingHomerNoises) + +The same will probably happen tomorrow - i guess that the number will be 2 months old again and the latest dips and waves of DRS will already have increased that number of direct registered shares by a huge amount. + + +DO NOT FALL FOR DISAPPOINTMENT OR FUD tomorrow. Stay focused. Stay calm. Stay zen. +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! + +This money will be completely printed out of thin air via the non-governmental agency that is the federal reserve. It does nothing other then create inflation in the economy. The trick will be to figure out where the inflation will show up. Normal quantitative easing usually shows up in equities and expensive shit like art and yachts because it’s sent to large banks and distributed to the already wealthy. This time the people get the cash... I think equities will still do fine but crypto is bound to pop up. It isn’t that anything is more valuable it’s that the dollar is worth less in terms of those assets. + +Full disclosure: I’m Canadian and will 100% be riding the financial asset inflation wave 🏄 + +Edit: first post and I manage a spelling error in the title 🤦🏻‍♂️ + +Edit 2: My first award! Thanks u/marvage 🤗 +Hi Theta Gang, this is going to be a long and somewhat cathartic post, so if you keep scrolling I won't blame you. That said, I think transparency and honesty is always important with your trades, and after a week like last week it's good to step back and see the big picture, so here's some things I learned playing $GME and losing $5K, or about 20% of my portfolio. If you've been in the game long enough, none of this will be new, but for the new influx of TG players I hope this is useful to you. + +Some background: Like many of you, I got into trading/investing because of the pandemic. Working from home and bored, I found WSB and RobinHood, and after losing a few grand buying puts *immediately after* the big crash, I found Theta Gang, and have never looked back since. Returns in 2020 were about 33% - nothing spectacular during a bull market, but I was also learning the ropes, and got my account to $25K. I keep an options journal [here](https://www.thetagang.com/hispanicatthedisco), though most of my gains came from holding and selling tech stocks. + +**1.) Stick to your rules - always.** I set a rule to never dump more than 20% of my portfolio into risky plays, and during the GME hype, it's the ONLY thing that saved me. It was the difference of losing a few months of gains versus blowing up everything I've worked for so far. + +**2.) The hardest part of trading isn't understanding diagonal spreads or reading SEC filings, it's learning to manage your emotions.** Waking up and seeing a sea of red in your portfolio is brutal. I was distracted from work, and sleep was hard to come by. But losses *will* happen, maybe not as large-scale as our WSB brethren, but enough to hurt. IF you can stomach the roller coaster and come out on top, that's half the battle. + +**3.) Even when you're right you can lose.** This one's not just about GME. Time and time again, I see blowout earnings reports, and the stock down after-hours. Profit-taking, unmet expectations, whatever. A thesis can be rock solid, and be completely wrong at the same time. + +**4.) Echo chambers are dangerous.** You'll always find some article, DD, or analyst that will confirm your bias. Until they return to their regularly scheduled programming, WSB will likely remain a virtual bubble, and I don't blame them. If I was down $1 million, I'd want to believe too. But hearing the other side, the flaws in your thesis, will keep your head out of the clouds. + +**5.) The Market Makers play dirty, and there are forces at play traders will never see.** Personally, I think hedge funds are a dying breed. As financial literacy increases, less trust is being placed in these institutions, and brokerages (yes, like RobinHood) are creating a generation of investors that *fundamentally* behave differently, thanks to the fast, free flow of information and stocks being as easy to order as tacos on Postmates. There's no going back. Still, I said *dying*, not *dead.* Big firms and banks still hold a lot of money, and will pull and move the market to their will because *that's their literal job*. It's not transparent, fair, or ethical, but for now that's how the game is played. + +Lastly, I'll say - Gains are only a means to an end. I was planning on using some of my GME gains (all gone now) on buying a nice dress for my gf. Yet, this weekend when I visited her for the first time in weeks, I was glued to my phone checking Reddit, looking at futures, and doom-scrolling through Twitter. The irony is almost too much. + +I'm taking a small break from the market just to decompress and recover sanity, and I'd encourage anyone in a similar boat to do the same. +Okay, so this is a bit of a left-field discussion, but I know many of you have had this problem as well. I made my first real estate investment last year after a ton of research. With that, I signed up for a bunch of things and my email must have been shared to all the paid investment lists know to man. I get dozens of emails every day, and when I unsubscribe, new ones magically pop up. + +What have you done to mitigate this? +For me it's a win win. All my savings grow every single day. It takes away the stress and FOMO. And before I know it, I'll acquire shitloads of compound interest in the same time it takes people to save up $100k for a deposit on a house in Sydney. + +I don't even care about spending money on rent. It's not dead money to me. I rent and live in a beautiful part of Sydney, by the bush, near a creek. Plenty of rentals around in the area that I want to live. + +I Just think that people around my age (late 20s) are profusely chasing their own tale, wasting their lives away towards an unachievable goal of buying a house in Sydney and being shackled to a mortgage for the rest of their lives whilst feeling miserable all the time. I couldn't give a fuck less about owning a house. +From the Guardian: https://www.theguardian.com/politics/2020/jul/05/sunak-considers-500-vouchers-for-all-uk-adults-to-spend-in-covid-hit-firms + +Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. + +The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and “face to face” retail, as opposed to online. + +The proposals are similar to successful schemes already used in China, Taiwan and Malta. In April, the Chinese city of Wuhan, where the Covid-19 outbreak is believed to have started, issued 500 million yuan (£57m) in consumption vouchers for use in restaurants, shopping malls, convenience stores, and cultural, sports and tourist venues. + + +Guardian Today: the headlines, the analysis, the debate - sent direct to you + Read more +Last night, ahead of a “summer update” on the state of the stricken economy by the chancellor Rishi Sunak on Wednesday, the Treasury refused to rule out introducing a similar scheme in the short or medium term. + +The Resolution Foundation says its idea would be a more effective way to jump start a recovery than a temporary VAT cut, or one-off cash gifts from the state to individuals, which have also been considered in Whitehall. + +Economists say cash transfers into people’s bank accounts would probably be stashed away into savings by many higher income households, while a VAT cut would do less for lower income families because they tend to spend more of their money on VAT exempt items, or reduced, or zero-rated goods. + +The money could be allocated via vouchers or smartcards, and transactions could be made with the use of mobile phones. The think tank suggests a one-year time limit for spending the money and that the scheme, which would cost the state around £30bn, could be closed down in the event of a second wave of Covid-19. + +Sources involved in the discussions said the Treasury might balk at a £30bn bill and opt for smaller sums if it takes up the idea, with the possibility that it could increase the value of the vouchers later if the scheme proved effective. + +Economic activity in the hospitality sector was down more than 90% in April and there are fears that many sectors will continue to be badly affected while social distancing remains in place. In Germany and France, where lockdown restrictions have already eased, leisure and retail trips remain more than 10% down on pre-crisis levels. + +James Smith, research director at the Resolution Foundation, said: “Social distancing has huge implications for firms in sectors like retail, hospitality, tourism and leisure that will last into the reopening phase. That is why the jobs of so many workers in these sectors are in the firing line. The chancellor’s recovery package on Wednesday should reflect this unique economic challenge. + +“As well as setting out the biggest ever peacetime job support programme, the chancellor should get Britain spending in places where it’s needed most. A universal high street voucher scheme to be spent only in these sectors would kickstart demand in the right parts of our economy, boost living standards and deliver targeted support to the businesses that need help the most.” + +The Treasury declined to comment on the plans saying the chancellor would outline “the next stage in our plan to secure Britain’s recovery” on Wednesday. This will include an extra £32m for the National Careers Service which ministers says will allow a quarter of a million more people to benefit from expert careers advice in their search for jobs. Sunak will say that the government will recruit hundreds more careers advisers – meaning close to 270,000 more people will receive bespoke advice to support them into the world of work. + +Meanwhile Labour warns today of “ghost towns” developing across the country as new figures show more than 80,000 hospitality, leisure and retail businesses have missed out on government grants to help them tackle the Covid-19 crisis. + +The figures from the Valuations Agency office show that 83,290 retail, leisure and hospitality businesses have received no grant support from government. These businesses, in higher rateable value premises, are often larger employers, with higher turnovers. + +Shadow business minister Lucy Powell said: “Unless the government steps up to save the high street many will become ghost towns, with thousands laid off, as a result. Labour is calling on the government to have a back-to-work budget this week, with the focus on protecting and creating jobs.” + +Polling by Opinium for the Bright Blue think tank found that more than two in five (44%) of businesses participating in the Coronavirus Job Retention Scheme reported they will have to lay off some, more or all of their furloughed staff when the scheme comes to a close at the end of October. +I was watching the order list today as price was moving and i noticed block orders from an exchange EDGX were pouring in thousands at a time. I took this screencap later so at the time there weren't as many, Imagine that 2k block order but filling half the feed + +&#x200B; + +https://preview.redd.it/64uw776jcdj71.png?width=1314&format=png&auto=webp&s=2f3fea9861c1d0496c6eb914a7e6c21eb35a6bfb + +It peaked my interest, so I did some digging on trusty Wiki + +&#x200B; + +https://preview.redd.it/xyphk05kxcj71.png?width=1567&format=png&auto=webp&s=4156be7b3b90217fcc51fbda56d8b374eab67b52 + +Anything stick out to you? Last two companies to take ownership of said exchange are.....CITADEL AND GOLDMAN SACKS. Not only that but the Exchange is operated in.......... Rio de Janeiro, Brazil! + +Coincidence? + +Y'all tell me. + +&#x200B; + +Edit: If this holds up, it means AT LEAST Bloomberg is colluding with Citadel. Their excuse about the "bug" should be held against them. + +Edit 2: Prior to his career in the federal government, Gensler worked at Goldman Sachs, where he was a partner and co-head of finance. +As grizzled Canadians, we intimately know the pains of the US Dollar exchange rate... and it looks like the USD just keeps getting stronger. Most would say that it's because the US Fed keeps raising interest rates, but so is the BoC. + +I've heard this theory, "Dollar Milkshake Theory" and I kinda think it's true: + +The theory, coined by Brent Johnson, CEO of Santiago Capital, envisions a scenario where the US dollar sucks up liquidity from other currencies and countries worldwide. The dollar is now much stronger against most currencies. + +Lots of videos on YouTube where Brent talks about his theory, too. + +I certainly wouldn't rule out USD going to $1.50 CAD even in normal circumstances... what do you guys think? +UPDATE: +I appreciate everyone’s replies! Honestly I didn’t expect to get so many people’s opinion. Ultimately, after reading through all the comments, it’s a wiser decision to keep my current vehicle and really drive it into the ground. I care more about my financial health than I do what I’m driving, so no leasing (oh my God that was a hornets nest of an option lmao!) or buying for me just yet. Thank you all for your comments! + + + + +——— + + + + +Hey guys! + +So I’m looking to get a new truck. I’m a plumber and I need a truck for my day to day work and life. I currently have a 2001 Silverado that’s falling apart, and it’s definitely time to get a new (to me) truck. + +Right now I’m looking at a 2012 Toyota Tacoma. Roughly 75k Miles. Great condition, and they are asking 17,500 for it. One thing that surprised me is how well used trucks hold their value! + +Anyway, I’m full time and can afford the payments on it and be in a healthy financial place (which is important to me). The payment is probably going to be in the 300-325 range. My parents and others have been telling me to lease a new truck, at roughly the same price, and then buy it later. + +Their argument boils down to that I’ll be in a better financial place is 3-5 years (raises, get my journeymen license, etc) and that I’ll know what the truck has been through. So leasing and then buying may work for me. + +Am I wrong to think buying is better for me? I make roughly 1200-1300 a month right now, which isn’t much. But I still believe buying is better for me, and trucks unfortunately aren’t the cheapest vehicle you can get! + +Thoughts? +This guy invested $25,000 two years ago and grew it to 365,000 today and he’s only doing passive investing like dividends. His YouTube video thumbnail history shows almost monotonically increasing portfolio size which looks incredible. Does anyone follow him seriously? Is this real or fake returns? https://youtube.com/c/JosephCarlsonShow +Feel free to share how much you lost to the markets before seeing consistent profitability. Maybe this will help people to know that even if they’re losing a lot, there is still hope. +I get the impression 80-90% of the members of this sub are engineers, computer programers, or similar analytical type professionals- and corporate as well. Is that accurate? + +One thing that I notice when I read the sub can be illustrated with an example from the Mr. Money Mustache blog. To paraphrase Mr. Money Mustache's experience, he and his wife worked for about 10 years doing some work they weren't crazy about, to save up 600k, then retire to live on 25k per year, in his spare time he does construction and his wife dabbles in real estate.Thats roughly accurate, right? + +My big issue with line of thinking is, you don't need 600k to live on 25k and do construction and part-time real estate. + +And I think I understand the FI factor in this which is he doesn't NEED the money from his work, so it's different than my buddy who owns his own pest control business, takes off 4 days a week during hunting season, as much time as he wants around the holidays, and probably earns not too much more than Mr. Money Mustache and his wife live on, because my buddy needs the money to survive and they don't. + +Can we all agree there could be a disruption in your life that could clean you out? A health concern not properly covered by insurance, a lawsuit, some world event like the great depression. Or, you could die early and no amount of money could save you. + +I wonder if a lot of you guys are deferring what you REALLY want to do out of what I assume is fear, but its disguised as being prudent and logical? I hope that doesn't sound rude- I just don't understand deferring life in a career you're not crazy about for 10-20 years to be FI. + +Why wait? Why not just start doing what you want to do now? If it's because what you think you really want to do is sit around and play classic video games and travel, not do construction like MMM, it's the internet age! You could turn that into a business, cover your nut, and start living the life you want to live now. + + +So, why am I on this sub and reading MMM? I think there is a lot of value in the prudent approach to life y'all are taking. Why drive an f150 that costs you 1k/mo to operate when you could be in the 10 year old honda civic? Why not invest optimally? I feel like there is a lot of responsible citizenship attached to FIRE, and there is no denying I'd have more flexibility with a mil in the bank. + +I know everyone's situation is different and I'm generalizing A LOT here, not trying to be critical but it does seem like some of you would benefit from Warren Buffett's wisdom: + +“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?” + +I guess substitute "lead to financial independence" for "look good on your resume." + +Am I crazy for bringing this up? + +Thank you and have a good day. +I found out about Bingus whilst going down the Twitter crypto rabbit hole, and within seconds of seeing that they were supporting animal charities[,](https://imgur.com/gallery/poMuchN) I knew I wanted in. I made my first investment when the price was $0.000003, that was 9 days ago, and as I write this the price is currently $0.000014 which shows **incredible growth in just a short space of time.** + +Enough about the financial side of Bingus, I'm here to talk about what sets Bingus apart from the rest. My tagline reads: “Crypto; I came for the money, I stayed for the animals and the family I found in Bingus.” + +I've invested in several coins in the crypto world, but for me none of them ever felt right. I was backing them purely for financial gain, however with Bingus I'm backing them for the project, and that's what this is; a project born from love of animals. To date they’ve made **7 donations totalling around $30,000**. Knowing that with every dollar spent on Bingus will directly benefit an animal gives me such a warm feeling. Every time the main dev MJ shows proof of a charitable donation on behalf of the Bingus family, I can't help but feel proud knowing that I'm a part of the reason why these animals got help. It's been a dream of mine since I was a young child to one day own a huge farm where I provide a home to rescue animals, with Bingus not only do I fully believe that they will make this a reality for me, I also know that in the process they'll be doing the work for me until I'm able to do so, and they'll continue doing that work no matter what may come. + +When I call Bingus a family, I'm not being hyperbolic. I have never been a part of a crypto community that cares so much, that helps each other so much. Our Telegram group has 3.1k members, yet it doesn't feel suffocating. Nobody is in there to spam telling you that you must buy, nobody is in there acting superior because they've invested more in the coin than you. Everyone has a voice and that voice is heard by the Bingus family. The **doxxed dev MJ** has a chaotic professional life in film and TV, yet he will always find time to check in with us all along the way, keeping us updated with every step Bingus takes. Another project leader **Kyra is also doxxed** and has roots in the entertainment industry in LA having worked for one of the biggest talent agencies. AMAs both formal and informal are commonplace and he always responds to community questions at all times of day. As well as Twitch streams! Their passion filled video messages have become a part of the daily routine in the Telegram group, and this dedication and transparency is why I feel safe with $Bingus no matter what happens. + +With a current market cap of just $12 million, there's infinite room for growth. Don't be that person who in 2 years time tells their friends "I could have bought Bingus at fractions of a cent". It’s like Doge but with a purpose, and celebrity endorsements that aren’t ironic. Hop on board the rocket before it's too late, and if nothing else just know that you will be improving the lives of many animals. If you're looking for a quick profit, a pump and dump etc, then $Bingus isn't for you. If however, you're looking for a long term project that makes a real lasting impact on the world by helping animals, then Bingus is the perfect project for you. Almost everyone loves animals, almost everyone loves making money. Why not combine the two and come join the Bingus family. And if you don't want to take my word for it, then take the word of **Michael Rainey Jr.** who will help Power Bingus to the next level. And if that isn’t enough we also have **Rocky Kanaka** (Netflix star), **BBno$** (rapper and hip hop artist), and **MoistCr1TiKaL** (huge twitch streamers)! + +**I look forward to seeing you join the Bingus family!** + +**Token Links** +============== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) | [Telegram News & Announcements](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | +Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | +Donation 3 (**$3000**) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://imgur.com/gallery/njxAINv) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) + +**Endorser Links** +================ + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | [Reddit](https://www.reddit.com/r/bbnomula/) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) + + +**Charity Links:** +============= + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) +I feel like I waste so much opportunity cost doing the laundry, folding it, putting it away, etc. At least a few hours a week. + +What are the best solutions you all have come up with? I have never tried the house staff/maid route and am hesitant to go down that path. I sort of don't want random people in my home. Is it worth it from the convenience point of view? + +Laundry services maybe? Dry clean everything? +Me: Early 40's, 2 very young kids. I'm FatFI without the money below, but barely so. I am 50% RE by choice. I could live off my investments conceivably indefinitely (Real Estate Investment Properties all critical businesses by Coronavirus standards). + +I spend 2 days a week with my kids who aren't in school yet. The other 3 days I spend on hobbies or working. I live in a VHCOL tourist town that has world class recreational activities. I had cancer 3 years ago and was told that it was terminal. Turns out they were wrong and I am in remission. Have 2 more years of high risk of the cancer returning. + +I have a share in a LP business, and unfortunately I am the LP. I was the brains, my GP (my father) was the money. Turns out the GP has been stealing (lawsuit finding) and has basically kicked me out of the business. My share is worth about $30M. I have gotten him to very low $20M's. I know how to easily make 8-12%, so I'd probably be making 7-10x our family expenses with a couple hundred hours a year. I have been suing the GP for over 2 years. It's likely I'll win if I keep going. The next round of suits would be very public and if son suing his father wasn't ugly enough, the theft findings would likely make the newspaper. He's a very big fish in a very small pond and he would be hurt in a way he never has. + +OTOH, I dedicate 2-3 days a week to this. If I give in I could spend more time with my kids, skiing, and hiking. I'd probably start a few new businesses. There is a school in Uganda for orphans that I could dedicate more time to building. I wake up at night thinking about it. I'm probably written out of the will at this point, but I don't really care. A significant amount of the difference will likely go to my kids, nieces, and nephews, which is fine. What this really about is a son getting validation from his father, but I realize at this point my father doesn't have it in him and I am not going to get it out of a lawsuit. He's truly an evil person, he tried to drown me when I was about 8, my mother had to beat him off me. Obviously there was more incidences than that one. I've gone no contact with my entire family, including my Mom, who is doing the best she can in her circumstances. + +So FatFire, do you take the buyout or do you go after winning? Yes, I know that I'm probably past Reddit's pay grade, but there are also enough true FatFIRE people on here that have some good thoughts. +On days like today, with more crime on clear display, I find it's important to remember that while the Short Hedge Fucks are still able to manipulate the price, they DO NOT actually have total control. If they did, the price would have been zero already, and stayed there. Yes, they can push us around. Yes, they can influence the price through routing to dark pools for most buys and lit exchanges for most sells, internalization, lumping orders together, using their foreknowledge from PFOF, and all the other criminal / unethical bullshit we've seen over the last 18 months. + +But just remember... despite all that, THEY CAN'T CONTROL US. The play is still the same. The DD is still solid and has never been disproven. RC is still putting his pieces and plans in motion. We are still locking the float. The time where they CAN'T manipulate things is rapidly approaching. Everything before that is just a last ditch effort to shake a few of us off, and scare mainstreamers away to slightly lessen the impact. + +Don't be fooled by drops. Don't be discouraged by things being dragged out a little longer. We will get where we are going. They don't have as much power as they want you and everyone else to believe they do. Be patient. Be strong. Be zen. + +🦍💎🙌 +So I had a parent pass away in Feb. of 22. I met with her f.a twice when she was alive and in a nursing home, once after passing. Well I just found out that he added a beneficiary To only one of her fidelity accounts approx 10g and the 60g account I was left off no beneficiary. The will states only me, all other accounts was payable on death to me. Because of this error I have to go to probate. I caught the error from fidelity just at the time he called me this week. He said he was doing his month follow up on accounts. I recorded the conversation as well. Can I fill a complaint if so with who? If I need a Attorny to get this done, is he and his company responsible? Not to mention she just started working with this guy in aug of 21, massive stroke the following month, which I contacted him to tell him so he was in the loop. I can’t believe he did not add a beneficiary to a 72 yr old account. Thoughts? +As many in this subreddit probably know, the Series I Bond rate is 9.62% through the end of the month. An individual is limited to buying $10,000, but corporations are eligible to buy their own I Bonds. I would like to figure out the cheapest way to set up LLCs en masse to buy as many of these bonds as possible. Has anyone researched this or done something similar? +We're all told that Burry is a self-taught investor that posted his ideas online. His ideas that turned profitable was the only reason he got trusted to manage a lot of money I guess. + + +I want to find these old posts and read all of them but can't find anything. Help me. +https://www.wsj.com/articles/bankrupt-hertz-wants-to-sell-up-to-1-billion-in-new-shares-11591917121 + +http://archive.is/R9PUB + +Rental-car company Hertz Global Holdings Inc. wants to capitalize on the rally in its stock seen earlier this week by selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out. + +Hertz’s shares rose to $5.53 earlier this week, a nearly 10-fold increase over their closing price of 56 cents following the company’s May 22 bankruptcy filing. + +Now the company is asking a bankruptcy judge to approve a deal with Jefferies LLC to allow the potential sale of 246.8 million unissued shares. + +“The recent market prices of and the trading volumes in Hertz’s common stock potentially present a unique opportunity” for the company to raise capital on more favorable terms than the strings-attached loans that many other bankrupt companies get, the company’s lawyers said Thursday. + +The price of Hertz stock has fallen from this week’s earlier high, closing Thursday at $2.06 a share, but the company said its stock is still actively traded. + +Jared Ellias, a law professor at the University of California Hastings College of Law, said he has studied hundreds of bankruptcies and never seen a company try to fund a case with an equity offering at the start of chapter 11. + +“Hertz looks at the market and sees there is a group of irrational traders who are buying the stock, and the response to that is to seek to sell stock to these people in hopes of raising some amounts of money to fund their restructuring,” Mr. Elias said. + +Hertz shares trade on the New York Stock Exchange, which has moved to delist the company. Hertz has appealed the NYSE notice of delisting. Shares of bankrupt companies are typically worthless, save for rare instances in which the debt is repaid in full and money is left over for equity holders. + +The shares would have to sell for more than $4 each for Hertz to hit $1 billion. +Hertz’s roughly $3 billion in corporate bonds were trading earlier this week at around 40 cents on the dollar, indicating little faith among creditors they will be repaid in full. + +A Hertz spokesperson wasn’t immediately available for comment. + +—Alexander Gladstone and Peg Brickley contributed to this article. +\*long post\* + +Hi guys! + +Today I'm going to be talking about a pretty boring dividend payer: Quest Diagnostics. They've seen a good run-up during COVID and they showed up on a PE screener I ran recently, so I figured I'd check it out. + +**Business** + +Quest is the world's leading provider of diagnostics and testing. They actually end up serving about the equivalent of one-third of the American adult population every year which I find staggering. They've seen a spike in revenue (see revenues section for more detail) during COVID as they were the first actor in the testing space. Normally, I'd go into more detail by breaking down their various business segments, but Quest only operates in one segment so this section will end up being short. + +**Growth Strategy** + +[TTM Revenue 12/31/10 -> 12/31/20](https://imgur.com/gallery/YYI1qTz) + +As you can see, after 9 years of stagnation, Quest finally got a major pickup from COVID. Now, they have to take this opportunity to continue growing. They document some of these strategies in their recent 10K. To cut through the corporate jargon, I'll summarize the 4 points: + +1. **Strategic Acquisitions:** Besides providing an opportunity to grow, acquisitions allow Quest to extend its footprint further. Personally, I think an attempt to break into foreign markets could be good if done right, however, this would be very difficult due to varying regulatory standards. +2. **Partnering with Others:** The idea here is simple. By partnering with health plans, IDNs, etc, they can increase market share and become a go-to provider for advanced diagnostics tests. They've been successful in implementing this thus far as evidenced by a 2020 Anthem partnership. +3. **Provide more Tests:** Nothing much to add here, it's pretty self-explanatory. By offering more solutions, they can drive growth through more facets. +4. **Increase usage of their consumer solutions:** Quest saw large growth in their QuestDirect platform. QuestDirect is a consumer-initiated testing platform. This means that you can order tests to do at home or a Quest Patient Center or you can ask questions online. + +**Revenues** + +[TTM Revenue 12/31/15 -> 12/31/20](https://imgur.com/gallery/OU9lCd0) + +Quest has grown revenue 22.12% YoY, 27.57% over the last 3 years, and 26.03% over the last 5. Just by looking at the chart, you can tell that a large portion of growth came from the pandemic, but quantifying that makes that fact even more apparent. + +Moving to Net Income, you're met with the same story on a more drastic scale. YoY, Quest has increased net income by 66.28%. Quest has grown net income by 85.71% over the last 3 years and 101.41% in the last 5 years. + +**Margins** + +Quest currently has a net margin of 15.16%. This is encouraging compared to their historical margins. 3 years ago, their margin was 10.43% and 9.42% in 2015. Comparing that with its competitors, Labcorp has a net margin. of 11.13%, Buffett favorite Davita has a net margin of 6.70%, and Abbott had a net margin of 12.99%. + +**Assets/Liabilities** + +[Total Assets 12/31/15 -> 12/31/20](https://imgur.com/gallery/OsVbxNQ) + +[Total Liabilities 12/31/15 -> 12/31/20](https://imgur.com/gallery/CHGjnJB) + +As you can see, both Total Liabilities and Total Assets have increased about the same amount over the last 5 years. The only difference here is that they have significantly more assets than debt. They have a current Debt/Equity ratio of 0.59x and interest payments are well covered. To look a little deeper, subtracting long-term debt of 4.01B from total liabilities of 7.22B and we see that Quest has 3.21B in short-term liabilities. Quest only has 1.16B in Cash on Hand which means that there's 2.05B in short-term liabilities that aren't covered by cash. While this isn't amazing, it's expected and I would be very surprised if this wasn't the case. + +**Free Cash Flow** + +Quest has grown Free Cash Flow by 71.94% over the last 3 years and 184.41% over the last 5. This is promising as it implies they'll be able to continue dividend growth. Speaking of dividends.... + +**Dividends** + +This is the part you've probably been waiting for, this is the dividends subreddit after all! + +Quest currently pays a 1.92% annual dividend ($2.24 quarterly) which is well above the average health care dividend yield of 1.54%. On top of that, it's a consistent dividend. Quest has a 22.64% payout ratio and had grown its dividend for 9 years prior to COVID. They lowered their dividend 1-cent to $2.21 focus their capital on testing, however, they are back to growing with the next yield being $2.24, 2 cents above their previous highest yield in 2019. + +Quest's next ex-dividend yield is April 6th. + +**Price Ratios/Other** + +This section aims to go over all of the relevant ratios and percentages that didn't fit anywhere else. I'll show the ratios on the chart below, and then I'll break them down. + +&#x200B; + +|Ratio|Quest|Labcorp|DaVita|Abbott|"Good Value" for Sector| +|:-|:-|:-|:-|:-|:-| +|PE Ratio (TTM)|11.20x|9.82x|14.32x|31.78x|<15| +|P/B Ratio|2.29x|2.44x|7.25x|6.23x|<2x| +|P/S Ratio|1.69x|1.67x|1.14x|6.05x|<2x| +|P/FCF Ratio|10.05x|15.36x|9.55x|45.58x|<15x| +|ROE|23.04%|19.47%|39.81%|19.37%|\>20%| +|PM/RG Ratio (My personal creation)|0.58x|1.99x|30.73x|4.30x|<2.5x| + +**PE Ratio** + +I said a "good" number for this sector may be under 15x. The problem is this number cannot be universally applied. While Abbott does supply testing solutions, they are also a supplier of drugs that has grown revenue significantly faster than others and have seen more consistent growth since their spin-off of Abbvie than many others in the testing space, including Quest. + +That being said, Quest has the second-lowest PE in the testing space and looks pretty attractive from this angle. + +**P/B Ratio** + +I said a good P/B Ratio for this sector was under 2. Other than Abbott, many testing providers have exhibited choppy growth and a temporary boost as a result of COVID, so I'd like to see them trading pretty low compared to book value. Interestingly, none of the major testing providers were below 2x. This could mean 1 of 2 things. + +1. Many companies in the testing sector are overvalued compared to book value. +2. My P/B number was unreasonable and arbitrary. + +I'm inclined to believe the latter, but I'd be interested to see what you guys think. + +**P/S Ratio** + +I said a good P/S Ratio was 2x (same as my P/B threshold), and this time, some companies actually qualified. In fact, most of them did with DaVita trading at a low 1.14x P/S Ratio, Labcorp coming in with a 1.67x P/S Ratio, and Quest coming in closet third at a good 1.69x. Overall, P/S Ratios look good all-around. + +**P/FCF Ratio** + +I'm pretty new to using this ratio, but I identified under 15x to be a good multiple. When I Google what a good p/fcf ratio is, the consensus is 20x, but since many of these companies have stagnating revenues, so I decided to hold them to a higher standard. The only two qualifiers here are DaVita and Quest with DaVita coming in at an impressive 9.55x and Quest coming in at a cool 10.05x. So far, these numbers are looking good for Quest. + +**ROE** + +I was looking for an ROE higher than 20% here, and we again saw Quest and DaVita being the only qualifiers with Quest coming in at 23.04% and DaVita producing an impressive 39.81% ROE. If you're going to have potentially stagnating revenues, you should really be good at efficiently generating capital, and that's what Quest is. + +To break down Quest's ROE further, let's look at their historical ROEs: + +|Quest Ratio|2010|2015|2017|2018|2019|2020| +|:-|:-|:-|:-|:-|:-|:-| +|ROE|18.51%|15.73%|16.10%|14.05%|15.47%|23.04%| + +Looking at this chart, we're told a different story. Quest historically never broke 20%, it was only because of COVID that they recently broke through. That means that next year (2022), we could see a return to 15-16% ROEs. Let's compare this trend with DaVita's historical numbers: + +|DaVita Ratio|2010|2015|2017|2018|2019|2020| +|:-|:-|:-|:-|:-|:-|:-| +|ROE|17.82%|5.17%|12.98%|3.70%|24.65%|39.63%| + +While it looks like DaVita had an ROE of above 20% before COVID, this drastic 2019 move can be attributed to UnitedHealth Group's acquisition of DaVita, not an improvement in the underlying business. + +The takeaway here is that these high ROEs are likely temporary, and they will go back to historical levels once COVID is no longer a threat. + +**PM/RG** + +This is a ratio I thought of myself this last week and I'm excited to see what you guys think of it. I wanted to find a ratio that could measure how rational price movements were, however, I couldn't find one. I ended up creating a pretty simple ratio to measure it. While I may change it up in the future, I think it works for now. + +The Ratio works by dividing the price percentage movement over some period by the revenue percentage movement over the same period. So, for example, if ABC's price went up by 50% over the last year and their revenues only went up by 25%, they'd have a PM/RG of 2x. + +I decided to measure price and revenue movements from 1/1/2020 -> now. I put an ideal PM/RG ratio down as being <2.5x. Normally, I'd want to see it be under 2x, however, since testing stocks have been a big beneficiary of COVID, I decided to give a little more leeway. The only two companies that qualified here were Labcorp and Quest. Labcorp had a PM/RG of 1.99x and Quest 0.58x. + +I'm very surprised with Quest's PM/RG. They only appreciated 58% compared to revenue. To me, this could be a *potential* indicator that Quest has been undervalued by the market. + +**DCF Valuation** + +Assuming a -1% 5yr Revenue CAGR, an 8% Discount Rate, a 22.4% EBITDA Margin, and a Terminal Revenue Multiplier of 3.8x, Quest's fair value is $188.48 (a 59.8% upside from the current price of $117.96). Let's go over some other scenarios to give ourselves a range. + +**Bullish Valuation** + +I think I find it highly unlikely Quest will be able to capitalize on the recent increase in revenues to continue growing, but that'll be what I'm assuming in this scenario. + +With a 1.5% Revenue CAGR, an 7% Discount Rate, a 22.4% EBITDA Margin, and a Terminal Revenue Multiplier of 3.8x, Quest has an implied Fair Value of $225.89 (91.5% upside from the current price of $117.96). + +Again, this scenario is **VERY** improbable, but I figured I'd include it just for an idea of the theoretical max FV. + +**Bearish Valuation** + +I'd peg this as unlikely, but plausible. + +Assuming a 5yr Revenue CAGR of -2.5%, a 9% discount rate, a 20% EBITDA Margin, and a 3.5x Terminal Revenue Multiplier, Quest has a Fair Value of $151.86 (28.7% Upside from the current price of $117.96). + +**PE Valuation** + +I use the PE Valuation as a way to sanity check my DCF Fair Value. Using an average 1 year PE of 14.51x and a current TTM EPS of $10.47, we get a Fair Value of $167.83 (43.10% Upside from the current price of $117.96). As we can see, the PE Valuation is pretty in line with the DCF Valuation we came up with above. + +**Risks** + +1. **Regulation:** A large part of the Biden Administration's agenda was based on making healthcare more affordable. While it could be all talk, the Democrats having majority control of the Senate and the House make any regulation Biden proposes is fairly likely to be passed. This could drive down profitability throughout the Healthcare sector. +2. **Competition:** This is going to be a risk no matter what sector you're in. There are a lot of large testing providers, so there's always a chance margins are driven down by a competitor's more effective and cheaper test. +3. **Failure to produce new tests:** The title is pretty self-explanatory. If Quest stops being able to license and create new tests, their revenue growth will slow/stop. The FDA being overwhelmed by COVID treatment/vaccine cases could make this risk a reality. +4. **Failure to defend IP:** If Quest fails to protect their Intellectual Property and they lose the rights to exclusively market their tests, competition will be driving down margins more aggressively than before. + +**Conclusion** + +I'm bullish on Quest. They're significantly undervalued and even with declining revenues being assumed over the next 5 years, they're still trading >35% below Fair Value. Compared to competitors, they've appreciated very little and their safe dividend makes this a good long-term hold. I plan on initiating a position on Monday and have a timeline of 1-3 years. +I've got about 350 shares. I've doubled my money. I like the dividend, which translates roughly into $300 per quarter. Would like to cash out some gains, leave the rest for a solid dividend payer, but not lose the $300 quarterly gain. Any bright ideas? +I had a trip to Japan and the Philippines booked for March 31 to April 27. Booked through Flight Center, with Philippine Airlines. + +When things started to get bad a week or two ago, i called FC to ask about cancellations, and was told that if Philippine Airlines allowed us to cancel for a refund, they would waive their $300 cancellation fee. + +Manila International Airport was recently fully locked down. ALL of our flights involved Manila Airport. None of our flights are operating anymore. + +Philippine Airlines are offering a full refund. + +Flight Center have told us that their policy changed a few days ago and their $300 cancellation fee is still in place. + +This seems absurd to me!! + +We are not cancelling. Our flights were cancelled. + +We paid for something and they were unable to provide it and now they want to keep $900 (me and 2 siblings). + +Are they allowed to do this? + +Is there anyone we can take it up with? ACCC? Ombardsman? +I was sad to see u/Blackwatchfx deleting his comments (or maybe you got banned, one of the two) on a recent thread after another user called him out on his lies, but discovering his profile gave me an idea that should be fun to explore. Some of his comments allowed me to see what kind of statistics a Smart Money Trader aims to have: + +> ICT, PhantomTradingFX, WWA will teach you how to trade liquidity concepts and institutional order flow. You can make 1:10 trades weekly. Often much more if you understand HTF orderflow. Trading this way allows you risk less and make more. .5% risk with 1:20-1:30R trades. Worth checking out if you want to expand your knowledge base. + +> That being said- I agree. Edge is everything. Strike rate isn't important if your RR is good. We average 1:10/20 with much higher potential. Strike rate can be 40%.. not optimal but decent. I know first hand u/vanguer is a good/curious trader and can attest. + +> If you're trading fibs, support and resistance, ema crossover or ema/fib, breaks and retests, trend lines, double tops/bottoms... you probably use 15-30 pip SL and aim for 1:2 or max 1:3 right? The stops are so big because you have to account for price going against you as it sweeps liquidity. You're better off putting a limit order where you usually place your stops. All these retail strategies are fabricated/manufactured to generate liquidity to fill large institutional orders. There are 10 million retail traders worldwide.. 99% of them trade these strategies .. which is why the majority fail. + +> I'm not sure what you're on about. I don't care how much you make- it sounds like you're novice and could use improvement.. specifically where your ego comes into play. While you're out here making 1:2 or best 1:3 there are traders making 1:20, 1:50 and so on. There's always room for improvement that's all I'm saying. + +To sum it up, they average 1:20 with a strike rate of 40%. Let's say you're the worst Smart Money Trader there can be, and you sit at the very bottom of this range: what would your equity curve look like if you had a 30% winrate with a 10:1 average reward to risk? That's half of the lower end of the reward claimed by this person (who is a SMC educator), and I've removed 10% of winrate for good measure. + +[This](https://imgur.com/hvwWrWH) is 200 simulated equity curves assuming 1% risk per trade on a 100 dollars account. You may rightfully say that I should use a log scale for this, but unfortunately the numbers are so fucking bonkers that you can't even read the scale if I do that. But regardless, [here](https://imgur.com/a/qG1nMtu) is the log scale. Yes - we are over **FIVE BILLION PERCENTAGE returns**. + +Now, perhaps a trader with these statistics does not need to risk a full 1% on their trades. They would probably be more conservative and go for 0.50% per trade or less, so let's see what happens if we reduce the position size by a factor of 4 (0.25% risk per trade). + +[Here](https://imgur.com/3pXRh84) is the new set of curves. As you can see, we're now sitting at a way more realistic average return of **28801.4%**. + +"But Vanguer, you're a lazy fuck, of course we're going to take partials along the way!" + +(this was an actual argument one of these people directed at me) + +No. No you do not. If you say your AVERAGE REWARD is 10, it means you're winning **TEN UNITS OF RISK ON AVERAGE**, this is affected by scaling out - which will lower your average. **Your average already represents your partial profit takings**. But fuck it, let's halve the reward again. We're now simulating 5:1 and 30% winrate. + +[Here](https://imgur.com/Jz2R2PA) are the results with 0.25% risk. This *almost* looks normal, and we are miles behind the stats claimed. + +Moving on. + +Next time you see myself or others getting frustrated at these people, this is the reason why. If anyone who is trading these methods is willing to show me a verified equity curve that looks like the ones I've just shown, I'll become your god damn disciple and I'll do my best to gain the honor of your knowledge being bestowed upon myself. If you ever find yourself near Italy, you may as well pay off our public debt while you're at it. + +EDIT: By the way, I forgot to mention the big fat elephant in the room that is some of his students claiming to make 200:1 RR trades. I don’t even want to try simulating that. +Hello, + +I'm interested to hear people's opinions on European real estate. Obviously, real estate gets a lot of exposure as a very good investment, but most of this media exposure and hype is referring to America. People often refer to the 1% rule where a property is considered a good investment if its monthly rent has to be equal to or no less than 1% of the purchase price. + +But I think this is very hard to achieve in Europe. There is also the leverage benefit of real estate but this can also be achieved, but not to the same extent with a relatively safe 30-40% margin loan on an index fund or similar. + +For example, I have 4 rental properties + +Purchase price/monthly rent + +350k/2k + +135/1k + +110/650 + +120/700 + +None of them come close to the 1% rule and considering the cost of upkeep of the properties I'm considering trying to sell at least 2 of them and re-investing the money into a World index fund or something similar +I’m located inside EU and work remotely for a US-based company. My current salary is 100 000 USD per year and I’m getting paid in USD. +They offered to pay me in EUR, specifying my new salary will be locked at 86 205 EUR per year. +Would you take the deal or keep the USD salary? + + +Pros: less bank fees. +Cons: considering strategies of FED and ECB, it looks like USD will get progressively stronger (but this is a speculation) +*EDIT* +When you make a post that gets hundreds of comments and are compelled to read them all. My little comment babies, I love them all equally lol. + +But srs. Thanks for the responses, some severely conflicting opinions. Nevertheless I am getting my learning on. + +_______________________________________________________ + +I have always been curious about this, but never had anyone to ask. + +For those of you with cars 150k and over. +How did you go about this? + +Is it financed? What are the monthly repayments? +Did you buy it outright? +What does insurance cost? +Are there any overlooked costs that you now know, but didn't before? +Also, congrats. +In a recent Rational Reminder podcast, Ben Felix made the statement “higher prices mean lower expected returns” and it got me thinking. + +On the one hand, it is obvious that if one investor buys a stock at $10, and another at $11, the second should have lower expected returns. + +But the statement goes further than this; Ben is a believer in the research around value stocks, and feels the research shows that as a growth stock grows, it’s expected return diminishes. The faster it grows, the more diminished as more of the expected and unexpected future growth is baked into the price. + +Looking around at history, I read up on GE. In the 1980s-1990s GE went on a terrific run with their star CEO Jack Welch at the helm. They became more than an electronics company by buying RCA and NBC, and developed its capital division that did incredibly well. + +The peak was hit in Aug 2000, where it had a $600 B market capitalization and its stock, including dividends, had outperformed VOO by 350% cumulative (growth of $10000 from Aug 1993 to Aug 2000: VOO +$37 461, GE +$82 512). + +I compared to VOO for simplicity, as a bench mark for an S&P 500 investor. + +GE has had two peaks, 2000 and 2008. In 1999, GE was the second largest company after Microsoft in terms of market cap; in 2004, it was number one, two spots ahead of Microsoft. If you’d invested in GE when VOO began (1976), in August 2000, you’d be ahead 241% cumulative ($321 148 to $773 521), and in Sept 2007, you’d still be ahead 180% cumulative ($361 103 to $650 203). It sounds at first like GE is a great bet. + +However, that is only true if you bought back in 1976, or even the 1980s early 1990s, in 1996 it began a parabolic rise in capitalization, with investors paying higher and higher prices to own GE stock. These investors, as the price rose, should have expected lower returns (but of course didn’t). In 1998, there was a dip, but investors bought the dip and the rise continued, everyone on the discussion boards were saying “buy GE to the moon!” + +Here comes the interesting part, if you’d bought VOO in 2000, rather than the rising GE, you’d have been better off. From GE peak in August 2000 to GE peak in Sept 2007, VOO returned 12.44% cumulative, while GE returned -15.94%, a spread of 28.38% over 7 years. Buying GE at any point in 2000 (Jan - Dec) the most you can make cumulative in 2007 is $0 (in Sept), most buying in 2000 are getting losses. + +Those who got in, then sold, in 2000, if timed perfectly, could have made 15%, but those who held on lost further, longer than a VOO investor. Seeing GE’s meteoric rise, believing in it being “more than an electronics company”, believing in the “genius” of its CEO Jack Welch and seeing it as “the future”, led many investors to buying a stock that had lower future returns than it’s benchmark. +My wife works in a restaurant that is owned by a rather vindictive, obscenely wealthy old lady. She was being disrespected regularly by the owner and management staff, and this week put in a formal letter submitting her two-weeks notice. + +Wife is now telling me that rumor is that the owner now wants to fire her. My advice to her was, "Make sure she says the words, "You are fired." or "You are terminated." If you get fired, you can collect unemployment from her. If she says something like, "I accept your two-weeks notice, but we don't need you to work the two weeks, you can go ahead and quit today." Don't accept that. She's essentially firing you without having to pay you unemployment. + +Is that advice decent? I doubt my wife would actually claim unemployment, but it's more about the principle of the thing. "You can't quit, because you're fired!" Fuck that. If you're gonna officially fire her to make her look bad, you better be ready to do it officially, which means ponying up for unemployment, termination pay, etc. Right? +I remember reading an old r/relationships post about a woman who was furious at her husband for his "cult like" belief in bitcoin and mocked him for thinking he was "in at the ground floor". She goes off on a diatribe and mocks him every chance he gets for his "foolish" beliefs and how he spends his money on buying and holding bitcoin... she consider any bitcoin that he holds to be "lost money". + +I actually saved this when I read it back years ago to see one day how it would age... man talk about the worlds biggest I told you so. She had zero faith and respect in her husband. I hope he has a garage full of lambos in his giant mansion. + +Here are some of the highlights snipped for your own entertainment: + +\------- + +&#x200B; + +"My husband (I'll call him John for the sake of anonymity) and I have been married for a little over 5 years now and everything has been going well up until a year or so ago. We were planning on having children and everything. Now my life feels like it is at a complete stand still." + +Skip to 2013... + +" We are both avid redditors so when we find a new subreddit that we love we get excited and start sending each other links to see if we can get the other one interested He finds out about bitcoin and is sending me links constantly about it. (r/bitcoin) It goes from "check out this cool technology" to absolute cultish behavior in a very brief period. I would say 0-100 in probably 2 months. He starts taking every dime we have and buying them as quickly as he can. **He actually set up a feature that BUYS MORE ON A WEEKLY BASIS** after our paychecks come through. The worst part is he didn't even TELL ME he did this. He gave me this arrogant response about doing what's best for us and our future kids. + +Overall, and I'm not exaggerating, I would say **we have lost over $22,000.** I kept telling him to sell as the price was rising and he promised me a big year in 2014. **The price kept falling and he CONTINUED TO BUY MORE.** He makes more money than I do but we are building a future together and we have a shared bank account. He kept telling me this was for our kids college fund, to buy a house, etc. The money...I can get over as people spend money on other stupid crap like boats they will never use but this isn't even the beginning to the absolute craziness I will see out of him over the coming year. + +My husband starts bringing up fucking bitcoin at these events. MY events for MY job. People here have a lot of money and he knows this. He saw this as some kind of opportunity. He goes on and on about how taxes are theft and bitcoin is a way out. The dollar is about to collapse, banks are destroying the world, etc. You are supposed to make light hearted jokes about how their football team is doing, not get into these political discussions. He knows this too since he's been coming to these events with me for years. + +It starts off small where I laugh it off and say "ohhhh John, he's into technology and gets a little too excited". He saw this as condescension. The car rides home? Full on fights about how **I don't get it and I'm going to be left behind.** I felt like I was fighting with some type of evangelical Christian (I have been in plenty of these growing up). He ironically rips into religion any chance he gets but he is **absolutely part of a cult full of insane people.** + +Keep in mind as this goes on he is still buying more as the **price goes down telling me we have a great opportunity on our hands**. He ignores long term trends and focuses on these specific time frames to show me how stupid I am. Yes, my husband called me STUPID over THINKING I do not understand it. + +I feel like I have read more about bitcoin than he has because he won't discuss any downsides with me. He tells me all problems will be fixed and **we are in on the ground floor**. He seems to be in a constant good news bubble about this **when no one actually cares**. Most of the responses he gets from people in public are feigned interest until they can get away from him or they just tell him they don't care if the converstaion lasts more than 2 minutes. **I am embarrassed to be around him.** + +After a **recent price crash, he actually bought more using our vacation fund** that I have been saving away for AND planning. **All gone, in bitcoin never to be seen again.** + +I am sorry for the long rant but this is my life now. I have tried everything. I have tried reasoning with him. I have tried explaining to him that he should not have sole control over our money. **He is so confident that he slyly brings up selling one of our cars to buy more**. He didn't come right out and say what it was for but I can guarantee you it was to buy more. He is ruining my job and **robbing me of happiness.** + +I used to consider him a smart guy and **I never, ever thought he would succomb to basically being brainwashed by a bunch of clueless idiots on the internet who seem to know absolutely nothing about finance or the real world (**r/bitcoin**).** I don't know how familiar people are here with bitcoin but if you go to their subreddit, you will see exactly what I'm talking about. I started crying once reading my husband's comments worded slightly differently, repeated 100 times over. It was like I married a parrot. + +What do I DO? I am not religious in any way but my family most certainly is. **I feel like I couldn't even bring up divorce and I want to save my husband.** I want him back to the way he was. It seems like he is addicted to a drug but since he doesn't realize it, everyone else is wrong. I don't know if I should have an intervention or just walk away and hope he comes to his senses when **I'm staying in a hotel for a few weeks.** + +Again, I apologize for the length but I want you to feel the way I feel so you can understand the advice you are giving. I really need help here. Thank you to anyone who even reads half of this! + +\----- + +Everyone told her to divorce him... here is the most downvoted comment with -66 downvotes: + +[\[–\]](https://www.removeddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/#)[**YRuafraid**](https://www.reddit.com/user/YRuafraid) **-66** **points**6 years ago + +Man I am so glad I'm not married. You're gonna want your husband when those bitcoins are worth fortunes.... hopefully HE's gonna divorce you before that because you don't deserve any of it. + +To your husband I say... keep holding those coins brother. + + +..... + +EDIT/update: Saw this was featured on Rslash youtube channel. I'm glad I was able to help spread this story. My hope is that the husband reads it and gives his side of the story and an update. I waited 6 years to post about this and never forgot her thread, lol. +Basicly every coin is still exclusively linked to Bitcoin. Poloniex has some ETH/Altcoin trading pairs, but that's about it. And it's not very many. You can still not buy the majority of top market cap coins with Ethereum. + +I am sick of having to convert everything to Bitcoin when I wanna buy some Stratis, Monero, Factom, etc. +I am 21 and I have never touched coffee, tea, alcohol, or any type of drug. (What a fkn prude right?) Mormons generally try to stay away from these substances. Anyways, you have my word if Tesla hits 750 EOW, I will make a vid of me tasting coffee for the first time ever.. + + +Edit: for some reason this post was too short. Ummm, for anyone knowing how retarded I am, I yolod almost my whole portfolio on $790 calls expiring 7/9. TESLA TO THE MOON!! 🚀 well, to mars.. + +Edit 2: getting a lot of questions about the church. If you have any legit questions or concerns or thoughts you want to share, message me! + +Edit 3: wow this blew up… while you’re here, follow me on twitch @goatcaster I’ve gotten way too many comments to respond to so just ask me there. +Hello! I am a 15-year old in high school from Romania. I choose the classes with intensive computer science not because i am interested in programming but because i wanted to do extra work and my parents pushed me into it because it "forms my mind". My real passion is Economics(which is the degree im 100% going to go with in college) Politics History and looking up statistics and facts, all for fun and my interest. These are topics that i willingly study in my free time as im very interested in them. Recently ive been looking up career paths with economics, I understand that you should double major if you want to study economics, but im not decided as to what i should do. I was thinking i could use the intensive computer science skills from school with econ but most people who took these double majors seem to look in the perspective of a more CS-centric lens. I was thinking maybe Economics with political science would be good but im not that much of a humanities guy plus i dont like the ideea of being a politician. What do you guys think i should choose as a double major? Is CS a good idea? +To supplement corporate taxation, why not a state owned stock brokerage and SWF? + +Due to the risk of outsourcing, capital flight, tax evasion and generally higher economic deadweight compared to other means of taxing the rich, CIT and capital gains taxes are not the best technique. + +But what about a Social Wealth Fund that owns 30-45% of the capital stock of the country? De facto, this would mean 30-45% of the profits of the company would go to the state because the state would own 30-45% of the shares. Risk of corruption and distorting markets would be mitigated by the indirect ownership through the SWF and owning less than 50%. This means that before taxes are even considered, a third of corporate profits would have already been socialized. If we then have a 30% CIT that means at least 50% of corporate profits would be going to the state. That is also ignoring a capital gains tax. + +This seems like the perfect way to de facto tax the rich without the risk of economic deadweight, capital flight and tax evasion. + +Would this work? Why don’t countries do this instead of or as a supplement to high corporate taxation? +I'm 28 and have only been investing for about 2 years (other than work matched RRSP @ 4%) so im a bit late to the game. First year was not the greatest and second year I put a bigger lump sum in just to be hit by the pandemic. I'm currently up about 37% today. I'm in a mix of growth and dividend stocks - all of them Canadian. I'll list them below, but I want to know... what Canadian stocks that you hold are very unknown yet have been performing great? I want to hear more about companies that are hidden out there with a tonne of potential! + +My best performing stock I hold is PYR (pyrogenesis canada) - I learned about it about a month ago and I'm up over 125% + +My other holdings include: GDNP, TA.TO, AQN.TO, NVEI.TO, DND.TO, WELL.TO, FOOD.TO, GRN.V, IAG.TO, ATE.TO, ENB, BEP, BAM, BIP, CPX, and EIF. + +Let me know what you think about my holdings and tell me about what you are holding. + +Cheers! + +Update: Been a nice day today! Now up to $34.3k! +[https://www.cnbc.com/2019/06/17/elon-musk-says-he-deleted-his-twitter-account.html](https://www.cnbc.com/2019/06/17/elon-musk-says-he-deleted-his-twitter-account.html) + +&#x200B; + +>Tesla and SpaceX CEO Elon Musk said in a tweet early Monday he “just deleted” his Twitter account. He made his statement in a tweet, but the account still appeared to be active after the post. +> +> +The billionaire is only months removed from a settlement with the Securities and Exchange Commission regarding his Twitter use. The SEC alleged that in February, Musk broke the terms of a November penalty, following his notorious “funding secured” tweet about taking his car company private. +> +> +Musk’s deal with the SEC requires a lawyer must approve any of his social media posts that may include material information about Tesla. Under the agreement, Musk agreed that he would not tweet about Tesla, finances, production numbers and other specific information without first getting a lawyer’s approval. A federal judge approved the settlement in May. + +&#x200B; + +I think this could be one of the best news for TSLA that I read this year +This is the official $GME Megathread for r/Superstonk. 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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 all, I have worked in the same company for 9 years. Starting to get itchy feet and I’m continuously looking at jobs and can see it’s likely I can earn more money doing a similar role. + +The only problem is the company I am with is a very large and what I would class as a ‘safe’ company to work for.. e.g. work didn’t dry up during the pandemic, i had no worries during this time work wise. With the horror stories coming up where companies may be going bust and cost of living etc.. I wonder if the grass is actually greener or not. + +It got me thinking has anyone made the ‘jump’ from a safe/stable job and found the grass wasn’t greener or are you glad you made the switch. +I was on /r/Economics (the millennial doom and gloom sub) and a few comments mentioned that the entire consumer based economy is resting on people borrowing at unsustainable levels. They also predicted that it would all come crashing down soon. + +I looked on the FRED website for evidence of this and [found this](https://fred.stlouisfed.org/series/B069RC1#0). It doesn't look like interest payments are growing at an obscene rate or at a substantially higher rate than in the past. + +Are consumers really more highly leveraged and where is the evidence for this? +I've often seen studies finding that the burden of corporation tax falls about 50% on the workers. However [this](https://scholar.google.co.uk/scholar?cluster=9994958302449862001&hl=en&as_sdt=2005&sciodt=0,5#d=gs_qabs&u=%23p%3DcYVd2p45tYoJ) literature review claims that previous studies are flawed and that the burden is almost all on the shareholders. Is this conclusion flawed, or a lone example or is it the case that the burden of corporation tax is mainly on owners of capital? + + +Edit: I also found a report from the adam smith institute saying: + +>Clausing (2012), Gravelle (2010) and Auerbach (2005), the three best reviews we found, +basically conclude that most of the tax falls on capital, not labour, + +So it's not just one review. + +They also make an argument that this might male the tax even worse though but that's a different topic. +[https://youtu.be/vgZHChVQXJc?t=2986](https://youtu.be/vgZHChVQXJc?t=2986) + +He says that all of economists who he consulted (30+) indicated that the coming inflation would be lower than 4%. The inflation was at 5% already, people were complaining about the prices already, and businessmen were also foreseeing high inflation. + +What is the error of the economists here? They looked very off of reality back then, Powell says that it is because the model couldn't see the supply decreasing, that's why all of the economists he consulted were wrong. + +My question can be basically summed up to: why did the economists persist on a model that was clearly not according to the reality back then? Didn't they realize that the prices were going up already like the market was? +So i bought a 525p 9/4 for NVDIA and without fully reading, RH took 52,000 for collateral. I have the money to cover the collateral so it deducted it from my account. + +Long story short, the put is up $440 currently, and it wont let me trade out of it unless I deposit $44,000 to cover. + +I was meaning to play with small puts, but fucked up and didnt read, i just clicked continue. + +Will I loose my money or how can I get my collateral back if my put expires 9/4? I cant find something clear on robinhood. +I’ll start off by saying, “scam” is in quotes in the title because she wasn’t so much scammed as much as she gave money to a stranger for absolutely no reason, and I’m worried about her mental health at this point. + +Here’s what happened: + +Yesterday, she noticed a charge on her credit card statement for $650 from Xoom (PayPal’s money sending service.) She knew right away it was an error/scam so she contacted her financial institution and had them handle it, and she got a new card and everything. All was well at this point. I’m happy she at least handled that correctly. + +With her new card, she started calling around to all of her services such as Netflix/Hulu/PayPal to update her card information. + +Well, at some point, she thought she was on the phone with PayPal’s support (this is where it gets fuzzy for me. She is either embarrassed and not telling me the whole truth, or she can’t remember what actually happened) and the “security person” had her download a Bitcoin wallet/exchange (Bitcoin dot com app) and a remote access app (Any Desk) and then proceeded to have her buy Bitcoin in roughly $700 amounts and have her transfer them to him. + +She wound up sending close to $3000. + +It wasn’t until this morning where she called me and asked if she was being scammed. + +I don’t even know where to begin. Why did she think that she needed to be sending cryptocurrency to update her credit card info? Sigh...I’m still so confused by all of this, so I’m just writing it all out here in order to help me put the pieces together. + +The money is gone forever, I realize that, I just want to know how she got in contact with this person in general. She says she contacted PayPal’s customer service directly through their app, but they transferred her to the scammer? That’s the part that doesn’t make sense to me. + +Y’all, just, just check on your older parents. + +End of the day edit: + +Thanks so much for the advice and anecdotes everyone. This is such an awful experience, and one I had hoped to never encounter. I’m still in the process of changing all of her passwords and getting her cards canceled and replaced. I wish I could reply to everyone personally, but I’ve been dealing with a lot today. All of this on top of nursing school is NOT fun. +I made a spreadsheet to share stocks to run the wheel on + +https://docs.google.com/spreadsheets/d/1upbWETYPRg7S9HZfDGFjHvplve1lQE_gKhtzH3ur9vU/ + +All you have to do is insert the symbol for stocks and the rest of the columns will fill up. You can then write why you like to wheel the stock. This way, we can share ideas for stocks to wheel. Please try to include stocks or ETFs that have relatively tame bid/ask spreads. + +Anyone can edit the worksheet and I will not be maintaining it. Similarly, anyone delete anything. This way people can filter the stocks by price to find ideas. + +Anyone can make a copy if you have a Google™ account +I got tired of writing comments, so from here on I'll just reference this post or ignore the comment when users complain about highly upvoted charts and TA. + +**You're in a trading subreddit. TA is part of the bread and butter of this community. I don't understand what is with all the users complaining about chart analysis.** + +Is it perfect? Fuck no. Can it give you an advantage? Yes. + + If you want to complain about charts having "random lines" that have no meaning then politely go back over to /r/ethereum to get your news. Because any reasonable guess about where the price is going is going to involve where it has been and behaved in the past. + +I don't expect these types of comments to stop. I know a flood of new and inexperienced users means a lot of different opinions. But this is not WSB. This is not Stocktwits. This is not BTC. You're entitled to your opinion, but jesus just let the rest of us take advantage of the resource and quit trolling. Just ignore the post, fucking move on, and we'll all be good. /rant. + +edit: Wow, this really blew up. Regardless on where you stand on the subject, at least we're all aware that the community cares about this subject. +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. +4 days ago Jim Cramer said that you’re reaching for yield with T and didn’t like it. +This company is so unloved right now as Big Jim pointed out, that’s it’s probably a good time to buy. +They literally just inserted themselves out of nowhere into this saga. The fucking audacity of this bitch ass company going public with a lawsuit. Then mere moments later RC nukes them with a tweet and now there are swaths of people working day and night toward uncovering every single dirtbag maneuver they've facilitated. + +Its actually incredible how retarded they are. I aspire to be soo retarded. Who's the dumb fuck who thought filing a public lawsuit was a good idea? Who is the absolute mailbox who thought to themselves, "Ya know what would help BCG, is if we inserted ourselves into the greatest movement of all time which strives day and night toward uncovering illegal and unethical business practices". + +Ah yes BCG, a consulting group, who consulted themselves to become a massive target down wind to some of the most relentless and informed retail investors literally of all time. Who we now know has ties to Shiddydel and has "consulted" multiple business just year(s) before bankruptcy. + +Its like some puke brained executive just woke up last week and thought, "Im gonna go ahead and just vaporize all of our careers". + +And just when I thought things couldn't get any spicier. +We were supposed to move for my husband's new job this year but now we will be working remotely until June 2021. So we don't have to move but my husband is worried that the market will get crashed next year with people moving to real suburbs. I have a feeling this year would be a good year to sell but next year maybe ok with it being a year following the election cycle in DC. + +What will you guys do? + + +Edit: thanks for all your responses. I carefully read every comment and now feel clear as mud. +With tax sheltered retirement accounts having a "2 day trade settlement rule" and do not allow intra-day trading, how would one deal with the tax implications of short term trading when one does not qualify as a trader by profession from the eyes of the IRS? + +What I am essentially asking is, when I am not making as many trades to reap the benefits of being a trader by profession, won't my tax liability (of employment based income) offset any gains I may start off with through trading? + +Pardon my ignorance. I don't even have a foot in the door to short term trading and currently exploring option to start with the right account setup to explore trading. +I got a BS liberal arts degree and currently work as a web developer but my long term goal is to trade full time. I am definitely going to pursue a degree and I am split between economics, applied math, and statistics. Which program would help me more with trading? Is there another major that would help me more?