diff --git "a/reddit_finance_43_250k_126.txt" "b/reddit_finance_43_250k_126.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_126.txt" @@ -0,0 +1,10000 @@ +I have a dataset which includes equities pricing + other kinds of data that take up about 3TB sitting in a WD 5TB external HD. My main workhorse is just my macbook pro right now. + +I'm looking to run a bunch of backtests where the computation would be performed on (presumably) my laptop but the data would be sitting outside of it because of space limitations. What would be a recommended setup, if I want decent speed and redundancy - e.g. putting the data in a NAS drive perhaps? +Title says it all I suppose. I’m trying to figure out the future and how to go- I’m 20 and preparing to (finally) go to college in the fall. But I’m still unsure of what to major in. + +As of right now, working part time and have about 1k in savings. I know it’s not much, but it’s a start! + +In regards to the question and due to the fact that I’m not sure what to do for college, what have people here majored in and would recommend? I’m definitely into computers and have been looking at CS- but also was debating entomology and also mortuary sciences. +Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clownworld and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very comfortable hold that rewards those who hold.ed. The recent correction presents a unique opportunity for you to get in before the next take off or the news below comes to fruition. + +Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clownworld and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very confortable hold that rewards those who hold. + +Someone in the group started keeping track of the growth of Dogebonk, and it has already grown from 14k holders to 21k holders in the last week and from just 50 community members to over 3500 telegram members and 3000 members of our subreddit! The memes and energy flowing in this community is unheard of. Just explore the memes on the website or search DogeBonk on Twitter. DogeBonk is the most memeable project in the crypto space since DOGE. + +# Bonkenomics: + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* \->token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +# Dogebonk Safu: + +* Liquidity was locked forever by burning all LP tokens 🔥 +* Ownership of the contract was renounced. +* See proof on our website. +* Contract is was certified audited (link below). +* Top holder owns only 1.9% of the supply. +* As microcap gems go, it’s an unruggable beauty. + +&#x200B; + +# Confirmed News: + +* Tiktok influencers are being looked at and currently negotiated. +* We have a large US billboard campaign event which will generate a lot ton of content. +* The marketing team is starting a twitch campaign that will generate huge viewership. +* We have a web redesign of the website planned by the same company that made the bitcoin website. +* Devs are based and created a MEMEcoin generator. +* Ongoing partnership with Rubic! +* Recently completed their AUDIT REPORT! + +&#x200B; + +# Information: + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Website: [https://dogebonk.com](https://dogebonk.com) 🌐 + +Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com) + +Whitepaper: [https://dogebonk.com/whitepaper.pdf](https://dogebonk.com/whitepaper.pdf) + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) 📖 + +Solidity Audit: [https://solidity.finance/audits/DogeBonk/](https://solidity.finance/audits/DogeBonk/) +There's a lot of debate on this topic, but a fair bit of googling hasn't turned anything up as far as a strong rebuttal of this... which I feel like there should be since there's smart people on both sides of this topic. + +If women earn ~$.80 per $1.00 men make, doing the same job, why don't companies (in the aggregate) hire wayy more women than men, and pay them less to save money? If business leaders themselves are to blame for the sexist pay practices, why don't we see non-sexist people starting businesses that hire only women; labor costs would be 10% less across the board (assuming competitors have a 50/50 split of women and men), which is a significant advantage and could allow them to undercut competitors. You might expect this to be especially noticeable in markets where prices are low and margins very thin. +I have an internship for an investment bank but I realised I want something with purpose and not that fussed about money. But there doesnt really seem to be jobs that you can do with an economics degree that has a purpose. +If this drawdown shows us anything, it's that many companies are managed terribly and don't deserve your money. Airlines, hotels, cruise lines aren't able to survive the next 2 months without bailouts. + +Now their headwinds are strong, but where's all their profits from the last 10 years? With most of them it was plowed into share buy backs. Some airlines spent 97%+ of their profits right back into share buybacks. + +So we have all these companies right now with their hands out. Unable to survive 2-3 really bad months. These are companies that've made sky high profits for years and years but have managed themselves in a paycheck to paycheck way regardless. + +We need to stop. We can't invest in companies that are completely fiscally irresponsible. Do not reward companies that can't stand 2-3 months of pressure without begging for a bailout. As far as I'm concerned they can go straight to hell for being so irresponsible. + +Invest in strong, smart companies that have cash on hand, that can stand a few bad months, that haven't spent all their profits on share buybacks. Find companies that aren't running to Washington with their hands out. As soon as you see them begging for a bailout within weeks of a crisis, they should be persona non grata to us. We as investors need to be smarter and hold these companies to account. +I would like to move to the US, but before I do that I want to have dividend income that will let me live middle class lifestyle in the average State (excl expensive states). + +Can anyone share his own experience (with numbers) investing in dividend stocks and living completely on them? +**As of typing this, the Hang Seng was down 1400 points. The last 3 trading days can be labelled as an official crash** + +Chinese tech stocks are continuing their big sell-off as investors continue to digest Beijing's widening crackdown on private enterprise. + +Meituan dropped 16% in Hong Kong on Tuesday, eclipsing Monday's massive 14% loss — making it the food delivery firm's worst two days on record. + +That plunge — which combined, has wiped out more than $56 billion in market value for Meituan since Friday — came as Chinese regulators issued new guidelines Monday calling for improved standards for food delivery workers. + +China's State Administration for Market Regulation said in a statement that companies should take steps to ensure that riders make at least the local minimum wage, to reduce the "intensity" of the workload, and to "strengthen traffic safety education and training," among other measures. + +Meituan runs one of China's biggest food delivery platforms, with hundreds of millions of users making transactions on its app annually. The company said in a statement Tuesday that it had "received and closely studied" the new rules, and would "strictly comply" with them. + +"We are committed to improving our compliance standards to protect the rights of our stakeholders, which include delivery riders," it added. "We believe that the publication of the new guidelines will benefit the healthy development of China's internet industry as a whole." + +Its shares have sunk more than 32% so far this year. + +Other tech giants' stocks dropped, too. Shares of China's two most valuable companies, Alibaba and Tencent, also slid over the past 24 hours, with Alibaba closing down 6.4% in Hong Kong on Monday and falling another 4.6% on Tuesday. Tencent dropped 7% in Hong Kong on Tuesday, also extending Monday declines. + +The Hang Seng TECH Index, a Nasdaq-like technology index that tracks the largest tech firms trading in Hong Kong, fell 4.5% on Tuesday, bucking the regional trend among many major indexes. + +https://www.bloomberg.com/news/articles/2021-07-27/china-s-crackdown-stocks-extend-declines-into-a-third-day + +https://www.actionnewsnow.com/content/national/574935092.html +TL;DR: The Bank of England base rate has been increased from 1.25% to 1.75%. + +This means that the interest rate on savings accounts should go up, and the interest rate on loans and variable mortgages (and new fixed rate mortgages) will also go up. + +[Link to Bank of England Announcement](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/august-2022) + +[BBC News Feed on BoE Base Rate](https://www.bbc.co.uk/news/live/business-62406689) + +If this base rate hike is going to cause you financial difficulty, you might find some helpful information on [this Mod post](https://www.reddit.com/r/UKPersonalFinance/comments/tk8e8g/april_2022_cost_of_living_crisis/) relating to the cost of living crisis. +TL;DR: The Bank of England base rate has been increased from 1.25% to 1.75%. + +This means that the interest rate on savings accounts should go up, and the interest rate on loans and variable mortgages (and new fixed rate mortgages) will also go up. + +[Link to Bank of England Announcement](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/august-2022) + +[BBC News Feed on BoE Base Rate](https://www.bbc.co.uk/news/live/business-62406689) + +If this base rate hike is going to cause you financial difficulty, you might find some helpful information on [this Mod post](https://www.reddit.com/r/UKPersonalFinance/comments/tk8e8g/april_2022_cost_of_living_crisis/) relating to the cost of living crisis. +I know that we are Indians, and patriotism blah blah. But I think its good to hear a case that India isn't going to be the next economic superpower. Lots of people (even big fund managers) make this macro argument. I don't think its true. + +You can see this on my blog at: [https://pradyuprasad.wordpress.com/2019/11/25/the-bear-case-on-india-part-1/](https://pradyuprasad.wordpress.com/2019/11/25/the-bear-case-on-india-part-1/) + +Here's why (same text): + +Some famous international investors like Prem Watsa and Mohnish Pabrai have bought into the India Growth Story (IGS). I feel that the IGS is overhyped, and projections of India becoming an economic superpower are unlikely to happen unless major policy and cultural changes are in place. + +When Prime Minister Modi was elected in 2014, there were projections that he would be India’s Thatcher or Deng Xiaoping. These projections have been untrue. Economic growth in the country has slowed down with Q1 real GDP growth being at 5%, compared to 7.1% in 2018, and 8.2% in 2017. Unemployment according to the Center for Monitoring the Indian Economy a private sector company is 7.5% compared to 5.9% in 2018 and 5% in 2017. Worst of all, real consumption appeared to have declined by 3.7%, for the first time in 40 years according to a [leaked report](https://thewire.in/economy/consumer-sending-fall-rural-demand-nso-report) from the government. + +India optimists like [Bill Gates](https://m.economictimes.com/news/economy/policy/india-has-potential-for-very-rapid-economic-growth-says-bill-gates/articleshow/72094025.cms) have said that the country has significant potential and can get millions out of poverty in the next few years. I disagree. I think that India is headed for stagnation of growth in the long run and the current slowdown is just the first step in it. + +**The contents of the IGS:** + +The history of the IGS can be traced back to a [2003 paper by Goldman Sachs](https://www.goldmansachs.com/insights/archive/archive-pdfs/brics-dream.pdf) and a [2000 analysis by the Brookings Institution](https://www.brookings.edu/articles/india-rising/). It said that with the right policies, India would be a country with \~$3500 GDP per capita in 2030 and $8124/capita in 2040. + +Most proponents of the IGS believe that in the next 30 years or so India will have high (>8% real economic growth), will be an economic superpower with a billion and more consumers. This amazing country will benefit from a demographic dividend, from the [10 million Indians](https://cse.azimpremjiuniversity.edu.in/wp-content/uploads/2019/10/Mehrotra_Parida_India_Employment_Crisis.pdf) entering the job market every year who will find jobs, spend, save and invest. Another part of this story is that there will be massive fixed investment in roads, bridges, and others which will lead to more economic growth. I will now take down the first part of the IGS: the labour myth. + +**The labour myth: Jobs, people (and the lack thereof)** + +It is no secret that India is having trouble creating jobs now. Over the last year unemployment has shot up to 7.5% from 5.9% a year ago. The government attempted to hide this by stopping the release of the NSSO labour survey before the elections, which was leaked to the media. + +A big part of the IGS is this: + +1. Indians will enter the work force +2. Get jobs +3. Spend that money. + +**People? What people? It’s only men here** + +Indians are not entering the workforce. In most developing countries, labour participation rates are between 60 and 80%. The 75th percentile is 67% LPR, and the median is 62%. But India is at at a low 51% (the 13th percentile) with its neighbors being Gabon and Suriname. None of the GS papers or the Brookings piece anticipated this. In a country full of young bright educated (or so they claim) youngsters over half of them stay at home and chose not to go to work. + +See this photo: [https://imgur.com/a/vYPOJdS](https://imgur.com/a/vYPOJdS) + +The standard objection to this is that India’s young are educating themselves.They are building human capital for their future and so this should be excused. This shall be shown to be untrue later in this post series. The lack of participation of Indians from the workforce is not equal across the genders. + +**Almost 79% of males in the working age in India chose to look for a job, but only 21% of females do so.** The male participation rate is within global norms but the female labour participation rate falls laughably short. In fact the only countries which do worse than India in this are Egypt, Morocco, Somalia, Iran, Algeria, Jordan, Iraq, Syria and Yemen. It is worth noting that 3 of those countries are undergoing wars -Yemen, Syria and Iraq, 2 of them have mass protests against the government – Iran and Egypt and Somalia has a joke of a government. India is among the **worst** globally here. But why does this indicator matter? After all who cares about this number?\* + +I think you should, if you care about the health of the Indian economy. If India were to have normal (\~40%) labour participation rates with average incomes ($1900) each then there would be at least an approximate 156 billion USD\*\* (6%) boost to the economy. Moreover around 80 million women are sitting at home when if we had better education, and social norms that allowed for it. You don’t have to be a radical feminist to see what a waste this is to the economy. There are 80 million women at home, not working. They would if they were born in the US, Germany or Taiwan. + +**You should care because the demographic dividend may not even happen if half the country isn’t participating in it. The projected ‘dividend’ isn’t happening** **if half the country doesn’t work.** + +\*If that doesn’t piss you off enough, here’s this: Pakistan beats India by 1 percent. It has a female labour participation rate of 22%. + +**\*\*My analysis is an ESTIMATE. This is a back of the envelope calculation. I’m not an economist.**67% of India is in the working age (15-64). That is 897 million people. 48% of these are women. That is 430 million women. Only 21% of these chose to participate in the labour market. That means that there are 90 million women in the labour market today. I’m going to assume they ged paid the per capita GDP rate which is 1900 USD. Which means if these women earn the average income, they earn 171 billion USD. If more (\~40%) of women participated then we’d have 170 million women in the workforce. If they too get paid at the same pay they’d get make 327 billion USD. This is 156 billion USD more than what they are earning now. The India economy is 2.59 trillion USD. 156 billion is 6% of that. And this doesn’t count for the multiplier effect from the spending, the fact that women usually spend more on their children (when given cash transfers) which means a higher long run growth rate, and the social effects of this (lower family violence, lower birth rates). + +Edit: u/[g0dfather93](https://www.reddit.com/user/g0dfather93/) asked if I was contradicting myself when I said that unemployment is high AND that having more women participate in the labour market would increase economic growth. I should have been more clear in this. I think that when we do get back to normal aggregate demand conditions (with a healthy banking and non banking sector), the low LFPR for women will make India grow slower that it would with a higher one. +I am currently trading for a living. I thought a "reality check" and setting expectations would be helpful to anyone interested in doing this. This is not an AMA, but I will read some or most of the comments, and may add notes at the bottom of this post. [Formatting updated. Still not what I wanted, but good enough.] + + + + + + +**Possibilities.** +*-Is it possible?* Yes. +*-Is it difficult?* For me, it is or has been extremely hard, but worth it. It's been a long, long, very difficult road. +*-Is it likely I can do it?* Statistically, 95% of traders fail. 19/20. The odds are poor. [reference at bottom] +.......Better than some others though; e.g., professional athlete, lottery, etc. +*-Can I become rich?* Extremely unlikely, but possible. +.......When you find or create a system that works, consider... +.......as you / the test inevitably "compounds" the results, you still have to pay bills, eat, etc. WEALTH TAKES TIME. +.......you also need CAPITAL; the more, the better *...but only once you have a system that's profitable!* +.......borrowing money to trade is extremely risky! + + + + + +**How do I do it?** +*-To trade, you WILL need a system.* +*-You WILL need to be dedicated.* I've invested a good chunk of my life to this. So will you. +*-You WILL wonder at times if maybe you're losing you mind.* +.......I find trading more difficult psychologically than technically. +*-You'll probably 'lose your shit' many times as you develop.* Aka, mental meltdown. +*-You will HATE trading, hate yourself, and be tempted to quit many times.* +*-Eventually you will, A) run out of patience, B) run out of money, or C) somehow avoid A & B and survive.* +.......I believe "C" is about 50/50% ...and it won't be easy ...AND you're still **just break even** then, not necessarily profitable. +*-You will need to learn and/or develop a style that suits you personally.* +.......e.g., scalper, day trade, swing, position, or any type mixed or not inclusive of these. +*-Trying to use a system that conflicts with your personality can go very badly.* +.......Trust the system you have/use. Give it time to play out mathematically. Trading is about probabilities. +.......E.g., If it should win 30% of the time, accept that losing 70%, or slightly more/less is going to happen. +*-Never blame someone or something for failure.* This was YOUR idea, YOUR trade, YOUR stop/target, etc. + + + + + +**System** +*-There are endless ways to trade. There is no wrong or right way.* +.......This doesn't mean everything you've read is false ...and certainly all/most is not true! +.......Some dogmas and cliches are still around for a reason. "Trend is your friend," etc. +*-Find and/or develop your system.* This can be incredibly time consuming. +.......This and the psychological struggle make trading more difficult than most conventional career choices. +*-I do not recommend purchasing any system or following signals, but that may work for some folks.* +.......I don't care to discuss this. There are many other things traders have in common that we can discuss. +.......It's probably a hit/miss thing most of the time. THERE ARE DEFINITELY SCAMMERS OUT THERE! +.......If you do this and it works, and you didn't waste a ton of money, you're probably lucky? +*-I will not share details of what I do, other than to say it's pretty basic stuff, and I day trade.* +.......I have thousands and thousands of hours of screen time though ...so charts, news, etc make more sense. + + + + + + +**What else...?** +*-Trading is about context, time, experience, WORK, patience ...and no part of it is/was easy.* +.......other than being able to wear pajamas all day if I want. :) +.......I'm fairly sure I won't live as long doing this. Stress does damage. I hope to make it easier with time. +-I'll leave this open for possible updates. I'll probably think of some other things I forgot, or answer common questions. + + + + +EDIT 10 or something... + +**One site with the 95%, 19/20 Statistical reference** and some detail. There are many like this one. +[I'm not affiliated with and can't recommend anything on this site; no idea what they peddle] +[https://vantagepointtrading.com/archives/13922](https://vantagepointtrading.com/archives/13922) + + + + +Link to [Van] **Tharp Trader Test**. I thought it was interesting, but I never followed up with any purchases. Maybe you can learn about yourself? [http://www.tharptradertest.com/default.aspx?question=1](http://www.tharptradertest.com/default.aspx?question=1) + + + +Happy Trading! +Is it really worth it to hold VXUS in my taxable account? It basically has done nothing for my portfolio. Not really losing money and not really gaining either. My current taxable account is 35% VTI, 35% VGHAX (vanguard healthcare admiral shares), 20% VXUS, 10% SMH (van eck semiconductor). + +VGHAX and SMH both provide some international exposure. Many of the companies in VTI are heavily invested internationally and seems heavily correlated with VXUS as it is. Would I be better off replacing VXUS with something like real estate (VNQ) or go with BND. Or just put it all back into VTI? + +I do plan to keep about 15 to 20% international exposure and at least 10% bonds in my 403b, maybe even increase them both over the next 10 years. +Hey everyone, new investor here. I was wondering after doing a bunch of research what the general community feel is of investing in bond etfs. Mainly would you invest in one as opposed to a stock ETF or just avoid them at all costs. I do have a substantial position in VT and individual tech/fintech stocks but was unsure as to whether I should expose myself to bonds. I'm also young-ish but old enough to remember Netscape Navigator so I can handle some risk +First ever post, I created an account after lurking for a year to share. + +I know that everyone enjoys good charts. [HERE](https://imgur.com/a/oBw9iy6) I included my salary progression specifically so that people can get a more accurate idea as to software salary growth rather than thinking that everyone starts at $100k/yr. + +**Obligatory Origin Story:** + +My financial journey started in my early 20s when I realized that I wanted to RE. I was married with a single child. As a college dropout I had limited job opportunities. My work (call center) was demanding with long hours and very limited upward mobility. I made $24k/yr after overtime. + +I missed my kid's milestones, missed holidays, and it was difficult to even take cheap vacations with my friends/family due to work. I decided that this 'working' thing was clearly a fools game. I looked into it and played with online calculators. They showed me that I was going to be working forever. According to conventional wisdom I would need 1-2 million to retire at 70. + +I grew up poor and ended up very risk averse with money. This prevented me from making several very bad decisions. I refused to go into debt without a clear plan to get myself out of it. I had refused to do student loans, I had no credit card debt, and I had a paid off car. + +*… fast forward nearly a decade* + +I worked my way up the call center ($40k/yr). I bought a house near work. I worked full time and went to school full time. I used work's tuition reimbursement to return to college and paid what I could out of pocket. I applied for and received several small scholarships and financial aid. Eventually I graduated college with minimal (20k\~) student loan debt. + +I also got divorced. + +*Life Tip: Communication naturally breaks down sometimes. Repair it if you can before its too late.* + +I ended up with a master's degree, a software engineering job making $60k/yr and (after a few years of spousal support and debt payments) a nearly blank slate in my 30s. + +I also by this point had found MMM and learned a lot about personal finance. + +**The Goal Line:** + +Since I lived on $24k/yr previously, I decided that $600k invested plus a paid off residence was the finish line. + +I am not horribly worried about a crap market immediately after I retire. My skills are in high demand and "I took a couple years to write a novel and take care of my kids" would not cause me (as a hirer of engineers) to bat an eye. I am hopeful that by the time my skills are too rusty to have an easy return, my nest egg will have grown enough that sequence of return risk will be minimal. + +Furthermore I love the idea of taking jobs for periods of time where I am not tied in. Six months working at bakery. Teaching a few semesters at a local college. Something on my feet to keep me from getting lazy around the holidays. + +**Accumulation Phase:** + +I took the simple path to wealth. I skipped real estate. I avoided side hustles. I didn't start a business or get equity in anything. I worked at a normal W2 job. I got slightly better than average raises and switched employers twice. I never FAANG'd, but my income was and is fantastic for a MCOL location. + +I lived on less than I earned and I invested the difference. I maxed my 401k yearly. I maxed my Roth IRA as long as I could. When I had the surplus, I started a brokerage account at Vanguard. Nearly 100% of my money is in index funds. + +I remarried and had more children. + +My wife is \*not\* a FIRE advocate, but she makes as much as I do, saves more, and has more in assets as well. She could FIRE tomorrow if she so desired. I say all of that to say the important disclaimer: our finances are separate. Her money is hers and is not counted at all in my retirement plans. We share a mortgage, joint accounts for vacations and bills, etc. But the majority of our pay goes to individual accounts and does not comingle. + +**Crossing the line:** + +Adjusting for inflation from my original 600k number, the finish line was \~$670k. The stock market has been insane over the past couple of years and my savings rate is 70% on a six figure salary. I'm at \~$800k invested. + +I didn't stroll over the finish line, I leapt over it. I expected to feel exhilaration. Accomplishment. Balloons and cake and fireworks. Instead it all feels wrong. + +I thought that when I retired I would have a community/tribe of like minded people. I thought I would have people to call up for a midweek "cocktail and laugh at the rat race". Despite being very social I have been generally unsuccessful at spreading the gospel of FIRE. COVID and a young family has also prevented any real networking. + +My mother is in her 60s. I help her with her taxes and recently her budget. She was just forced to move from her rented home of 20 years because the owner is selling. A frank discussion found that she has no savings to speak of, no retirement savings at all, no home equity. Whenever she loses her current job, she is likely to be forced into retirement. Social Security will replace half her income at best and renting in this market is costing her double what she was previously paying. Can I truly quit my cushy job and enjoy my time knowing that she may need financial assistance in the very near future that I would not be able to provide? + +Having children has been fantastic but COVID has shown me that I am not going to be happy and fulfilled doing 100% of the childcare. I took months off work when our daycare closed and I treasure that time. But daycare is required for my mental health. I didn't budget at all for daycare post FIRE (which is currently 40k/yr). + +We don't fully own our home. We are prepaying a portion of the mortgage per year, so I am \~40k off having that paid off. The kids 529 accounts are not where we would like them. I planned on filling them slowly over the next few years. + +MMM and livingafi are my two favorite bloggers in the FIRE community. Both of them got divorced post-retirement. I don't like to think about it, but being honest it would be foolish to \*not\* plan for it at least a little bit. My wife and I have a house together. If we split the value, I could not then purchase a home and keep my budget. Additionally, I am accustomed to the economic benefits of splitting bills and would be shocked to pay a whole electric bill. + +My original plan didn't adequately account for healthcare. In my ignorance I thought that I would be able to get healthcare for mere hundreds a month. My wife has no intention to retire and her insurance is adequate for our needs. But relying on her further exacerbates the problems that could occur with a divorce. Or even if she comes around to the idea of FIRE. + +My wife has concerns that if lifestyle inflates further ("Why don't we vacation in Spain for the holidays?") that she will be forced to pay for me/children and significant conflicts will occur in our relationship. What happens when teenagers start eating us out of house and home? What happens when they join sports or need braces? + +Further down that line of reasoning, my wife is concerned with the concept of getting off the treadmill and being unable to get back on. "What happens when your budget is wrong?" Its easy now to go back to work, but if 15 years from now we end up with medical problems that require lifelong increased expenses we would have no ability to adjust to it. + +**Current day:** + +I have decided to not get off the treadmill. I am at the top of my career. I reset the finish line in my spreadsheets to $1million. Another year or three should pay off the house, better fund the 529s, reduce the daycare costs, and give me the ability to pay for insurance with invested money. I don't know how to handle my mothers potential needs but I am better situated employed than not. Be that assisting with a home or simply being a check, I cannot do it if I'm not working or better off. + +I've lost my passion for FIRE. I have been excited to hit this finish line for nearly 20 years and now all I see are holes in my parachute and no real ability to predict how much is enough. I don't believe this is the "one more year" syndrome so much as literal problems that need to be resolved prior to jumping. + +I'm hoping that I will regain my fire for FIRE if I look at this as a set back that I can overcome once I spit the sand out of my mouth. +I found this undervalued gem! This will moon 1000X next month for Euro 2021!! + +FootballStars ($FTS) - interact with your favorite stars today! An NFT marketplace for football enthusiasts and professionals alike! + +&#x200B; + +1B MARKETCAP IMMINENT!!! + +&#x200B; + +Less than a week old with 30K holders, 20k TG members and mcap of $80M. Come see what the hype is all about! + +&#x200B; + +The new dimension where crypto meets football is here with FootballStars brought to you by the famed Marcello Brozovic and Davide. FootballStars aims to connect fans, professional players and clubs alike around the world. Soon, everything football will be available at the palm of your hand. + +&#x200B; + +The team is hard at work as they plan to partner up with some of the most famed, in which some have already expressed their support (Ivan Perisic and the most recent, ARTURO VIDAL!). I also urge you to read up more in detail about their roadmap on their website but trust me, it doesn’t disappoint. + +&#x200B; + +Staggering achievements since listing include: + +&#x200B; + +✅ Bilaxy (major exchange) listing + +&#x200B; + +✅ Cointiger listing + +&#x200B; + +✅ BKEK listing + +&#x200B; + +✅ CMC untracked listing + +&#x200B; + +✅ CG listing + +&#x200B; + +✅ Coinhunt registration + +&#x200B; + +✅ Major partnerships (e.g. SafeBTC and multiple other football celebrities) + +&#x200B; + +✅ UniRocket bot + +&#x200B; + +The white-paper and audit are also on top of their list of to-do and are currently being worked on. The official CMC listing is pending too. + +&#x200B; + +Tokenomics (7% slippage): + +&#x200B; + +⚽️ 1,000,000,000,000 Total Supply + +&#x200B; + +⚽️ 400,000,000,000 Presale + +&#x200B; + +⚽️ 350,000,000,000 Liquidity + +&#x200B; + +⚽️ 150,000,000,000 Marketing + +&#x200B; + +⚽️ 100,000,000,000 Maintainance/Development + +&#x200B; + +⭐️ Contract: 0x6507458bb53aec6be863161641ec28739c41cc97 + +&#x200B; + +🌐 Website: [https://footballstars.io](https://footballstars.io) + +&#x200B; + +🕊 Twitter: [https://twitter.com/footballstarsio](https://twitter.com/footballstarsio) + +&#x200B; + +💬 Telegram: [https://t.me/FootballStarsIO](https://t.me/FootballStarsIO) + +&#x200B; + +Ⓜ️ Medium: [https://footballstars.medium.com/](https://footballstars.medium.com/) +Here’s my original post if you want to read it. https://www.reddit.com/r/personalfinance/comments/g0np8u/i_fell_for_a_scam_last_night/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +TLDR; Someone called me pretending to be my bank, I’m dumb, and they took $1897 from me. + + +So I had filed a complaint with my bank. They gave me a provisional credit for the money that was taken. However, they decided that no error occurred and took the money back. + +I filed a rebuttal with them and sent screenshots of parts of the EFT Act that said I can only be held liable depending on how long it takes me to notify my bank. I had notified them within HOURS when it happened. Tonight I checked my bank account to make sure I had enough to buy milk and the money was back in my account. According to the email I received, they’ve determined that an error DID occur and I got all of my money back. + +I don’t remember who it was, but someone on my original post recommended bringing up the EFT Act. Whoever you are, thank you. I wouldn’t have gotten my money back without you. I had no idea the EFT Act existed. + +I still feel stupid for falling for the scam in the first place. I’m much more careful now. But a huge weight has been lifted knowing that I got the money back. + +Edit: This post got much bigger than I ever thought. + +The advice is all great. If your bank calls, hang up and call them back. Y’all are literally just saying the same exact thing over and over. lol Chill out a bit. + +Also, because there has been quite a few questions around this.. The person who called me spoofed my bank’s phone number. I did not just answer a call from a number I didn’t know. They scared me by saying that my card had been used elsewhere and then used that fear to get me to do what they wanted. I’m a grown ass woman and should have known something was wrong. But they were really good at making sure I was scared enough to do what they wanted. + +For those of you who wanted more info on the EFT Act, there’s some really good links and info in the comments. But you can read the EFT Act here: https://www.federalreserve.gov/boarddocs/caletters/2008/0807/08-07_attachment.pdf + +Be safe out there, y’all. +I posted this discussion just over a week ago: https://www.reddit.com/r/personalfinance/comments/6jljom/company_is_flying_me_out_for_onsite_interview/ + +I had a really productive trip, met the entire team, and made a really great impression. Upon the advice of a couple of folks, I just rode it out and enjoyed the time there. + +Using some of that same advice, I was able to negotiate the pay I wanted and **I GOT THE JOB**! Just signed the offer about ten minutes ago. + +Thanks to [u/Frozenlazer](https://www.reddit.com/user/Frozenlazer), [u/Laser45](https://www.reddit.com/user/Laser45), and [u/wowlancer] (https://www.reddit.com/user/wowlancer) for giving me their two cents. It might've been a small thread that flew under the radar, but it really made an impact for me and helped to realign my focus. + +I'm on cloud nine right now. + +Update 7/7: Holy shit! /r/All....thank you to everyone for your kind words and support! I'm trying to respond to all of the comments but it might take me awhile since I'm still at my other job :P +Have you gone back to study to get a degree in your mid-30s to 40s? + +What did you study? What work did you do during your studies? Did you find a new job relevant to your degree with ease after? + +Looking for some inspiration! + +Cheers +Source: [https://twitter.com/WholeMarsBlog/status/1517626832241057792](https://twitter.com/WholeMarsBlog/status/1517626832241057792) + +Images of chat discussion between Elon Musk and Bill Gates regarding "philanthropy on climate change" have been leaked. Elon confirmed their authenticity on Twitter by saying: + +"Yeah, but I didn’t leak it to NYT. They must have got it through friends of friends. I heard from multiple people at TED that Gates still had half billion short against Tesla, which is why I asked him, so it’s not exactly top secret." + +\[Elon's reply source: [https://twitter.com/elonmusk/status/1517702987359133696](https://twitter.com/elonmusk/status/1517702987359133696)\] +Twas the night before MOASS and all through the subs, not a bot was a stirring or even shill scrubs. + +The Stonkings all shorted, with nary a care, our hopes are a soaring, cause Ryan's in there. + +Now Kenny's been flying to France and beyond. Maybe he's looking for a place to abscond? + +His money, he's hiding. His tracks covered up. It just doesn't matter, we all know what's up. + +The tendies are coming today or the next. The Hedgies r Fuk, their assholes are wrect. + +Now off to the Moon, our wallets get fatter. GME all records will shatter. + +And when we get there, what will we see? A bottle of beer and a Roaring Kitty. +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! + +Not sure if this is the right sub but I figured you all could help. + +I built a house and moved in 3 years ago this coming December. We called to have the electricity moved over to our name a week after moving in. The electricity account was in our builders name before we moved in. I was given the account number by the electric company and was told someone would have to come look at our meter and to expect a bill in a few months. + +Fast forward 6 months and still no bill. I call the electric company again to inform them. They say they saw an issue with the account and that they would fix it and to expect a bill to come through. + +Fast forward nearly a year and still no bill and now our power has gone out unexpectedly. I call the electric company and I was told that the power was cut off because we were due for a new meter install. I informed them that I have a newly constructed home and already have a meter installed. I also tell them again that I haven’t received an electric bill for 2 years at this point. I eventually get on the phone with a supervisor who gets my power cut back on and tells me to expect a bill in a few months. + +Nearly 3 years now and still no electric bill. I’ve never seen anyone come out to look at our meter. I’ve spoken to the electric company 3 times now trying to solve the issue. I’ve even spoken to our home builder and they don’t see any issue on their end. + +What should I do at this point? +Hi, + +&#x200B; + +as title says, can someone explain how accumulating ETF works on example? + +On example if I'm investing in VWCE or CSPX acc. how can I find out how much was accumulated through period of 1 year? + +Does that accumulated value get reinvested into new shares or? What if accumulated value is not enough to buy 1 share and we are not able to buy fractional shares of US ETFs, what happens with that money? +While the hardcore Mr. Money Mustache Machine will tell me to go stuff it and point out how this community was better off before it went mainstream, I feel like far too many people following this FIRE business are missing the real point. + +You see far too many people battered and weary saying shit like, "I've tried so hard but I failed...I'll never FIRE on my salary. I give up." + +Acting as if their 1, 2 or 3 years of struggle was all for naught. + +**Losing sight of the glaring truth that their entire future was massively improved due to their efforts. Even if they can out on truly aspiring for FIRE.** + +Whether they paid down 1/2 of their student loans (or all of it), were able to get the down payment for a house together, raised capital to start a business or simply started a nest egg where there once was none....the lasting effects of even a short period of extreme saving are still there...you may not retire early but just 1-2 years of living well below your means makes a huge difference moving forward. + +**Not to mention the fact that living a short-term bare bones existence leads to a number of passive benefits:** + +- Those who live insanely frugally for a time are more likely to live at least somewhat frugally moving forward by habit or default. +- Going without for a while means that you really learn what things are/aren't important to you. +- When you start to spend money again you TRULY appreciate things that you took for granted for years. + +Personally, I am attracted to this community not because I dream of FIRE but because I love the concept of using frugality and living below your means as a tool for purchasing freedom. + +I prefer to purchase mine a little at a time, taking extended time off every year (mostly to travel) and putting myself in a position to be able to choose to earn less if I want to - but I really don't care if I have to work more or less until I die. + +But we lived a very similar to FIRE mentality for about 5 years to save up for our dream business and to get it off the ground...and despite the fact that it's now been nearly 5 more years since we stopped actively tracking spending/savings and all that stuff, we spend a fraction of what we used to back in the day simply because living insanely below our means for so long illuminated where money was being wasted and where money spent was worth every fucking penny. + +So if you're down on yourself for having thrown in the towel following a period of yearning for FIRE....don't be. + +You likely changed the trajectory of your life forever without truly appreciating it. +Why do people tell others who say they’re interested in learning about investing that they should read The Intelligent Investor by Benjamin Graham? I don’t question that this is one of most important books for learning about value investing. But recommending this book to beginners is like recommending The Origin of Species by Charles Darwin to people who are just starting to learn about evolution. It’s a dense book and was not written with beginners in mind. +A friend of mine is $15,000 in credit card debt. She explained that it doesn’t seem like that much because she makes $85,000 per year. Upon further investigation we determined that at her current lifestyle, she is only left with $400 per month after tax, mortgage/rent, food, insurance, phone, gas, entertainment, clothing, etc etc. When we considered that of that $400, $238 would be interest (19%x $15,000/12), leaving only $122 left to go to principal payments, she was only paying down approximately $1,500 of that credit card debt per year (not including the fees she probably pays to get that lower credit card rate). + +That means that in reality, my friends $85k salary amounted to net savings ability of $1,500per year with credit card debt of $15k, it would take something close to 10 years to pay down the debt (a little less due to compounding). This was an eye opener for my friend as she had no idea how long it would actually take to kill her debt even with a relatively high salary. She believed that she earned enough to not have to worry about little expenses. She is going to pay more attention to her spending habits so that she can get out from underneath the debt. +Gonna keep this short and sweet + +After noticing the Crypto crash last night I got hit with a series of "It was just a simple 10 BIllions margin call, happens all the time" or "China had a black out and erased billions of dollars" or my favorite "This is crypto, just zoom out". So you know what I did? I zoomed out. + +There have been 4 other spikes downward in Bitcoin before this one and they've all been this year after the huge run up that started in Dec 2020. + +Jan 8th -> 11th +Jan 19th -> 20th +Feb 20th -> 22nd +March 19th -> 24th + +Now lets look at GME's Major Run ups + Jan 12th -> 14th +Jan 21st -> 27th +Feb 23rd -> 24th +March 24th -> 25th + +HOLY CONFIRMATION BIAS BATMAN + +Hold up though, there's another huge climb on GME March 5th -> 10th and what's that? Bitcoin fell only a tiny bit March 2nd -> 3rd and blew up during that run up? + +Here's the fun part. That run up has been speculated too have been faked by the shorts to shake off the weak. It was too long and sustained for it to be either a major breakout of Gamma squeeze. /u/WardenElite even speculated that this was a fake squeeze. Which would make sense as when it rebounded hard is when BTC dropped. + +So who is this for then? Longs cashing out to load the cannons or Shorts cashing out to resist a margin call with extra capital? + +TLDR: Whether from the good or bad guys, Something really fucky is potentially gonna happen next week. + +Edit: I can't spell also + +/u/v1-c4r posted a pretty picture with some other memes +https://s3.tradingview.com/snapshots/y/yHdCQbe7.png + +Edit 2: I'm seeing a lot of this is common with crypto and nothing to do with GME so I'll share one of my responses. + +"I agree that BTC is not directly connected to GME but they are both pieces in the same game. If Crypto is the canary then GME and maybe a few other meme stocks are the elevator out while the shorted US treasury bonds and disastrously over leveraged margin on the market is the collapsing/gas filled mine. This is a house of cards and when one piece moves the rest react. " + +Edit 3: so looking at the chart some more is seems that each crash/correction removed a small portion of the previous run up. BTC has also slowed it's growth and the correction becomes proportionally bigger each iteration. We just had the smallest growth in BTC as well as this past correction being the first to completely wipe out those gains and more. +For some reason the advice of "make sure to keep a balance on your credit card to pay interest every month, or it won't build your credit" comes up a lot more frequently than I'd expect. + +I'm pretty sure just having a credit card builds your credit if you use it at least enough so it doesn't get closed. Please do your best not to carry a balance. + +Am I wrong about this? I tried researching it and there's no indication that interest paid is a factor at all. Even if it was that's the whole point of boosting credit: paying lower interest. Having to pay for that would be silly. +I wrote a post 1 year ago about how I hit $100k in my (current) 401k and 1M net worth and wanted to give an update on how compound interest is incredible and how life can throw curveballs. + +[Post from 1 Year Ago](https://www.reddit.com/r/FinancialPlanning/comments/hwdfwg/today_at_34_years_1_month_and_2_days_old_i_hit/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I had a baby boy on January 11th and a few weeks into maternity leave/paternity leave - my husband got let go from his start up company. I was shocked. He was shocked. I was taking UNPAID maternity leave for 6 of the 12 weeks I had off. Thankfully, my husbands company paid him through paternity leave, he had 16 weeks plus an additional 2 paid months which takes us to July 2nd. In the meantime around April he got a better job and went from making $100k to $135k with 10% bonus. I took another job within my company one month before giving birth - a little risky but obviously everyone knew I was having a baby. My salary went from $103k with 10% bonus to $109k with 25% bonus base and can be higher depending upon the year. + +Today my 401k stands at $169.5k which is crazy and not a typical year since we all know in 2020 the market ranked and has come up. It went up $69.5 in 1 year. 69.5% is insane. + +We still haven’t purchased that house yet…and my husbands company, the one who laid him off, was acquired - and he owned shares which sold and we were able to pocket $40k on July 20th. Just a few short weeks after his final paycheck. Him getting laid off was an amazing thing for us looking back now though at the time it was less than ideal. We are sitting on about $320k in cash which is insane but do plan on buying within the next 6 months. Original post said we were looking at houses in the $300-400k range which now seems like a dream because houses in NH have skyrocketed. Our new budget is around $525-625k but I’d love to find something on the lower end. + +Lastly, our net worth is now $1.4M. Everyone says compound interest is incredible, and I’m now seeing just how much our investments have grown in 1 year. + +Breakdown: +$320k cash waiting to buy house +$517 in 401ks, Roths, Stock Market (husband and I got really into investing for fun this year during the whole GME craze- which we are still holding shares of and have been loving talking about different stocks together) +$1.15M 3 houses value (3 rentals) +Debt from mortgages: $646k + + +TLDR: Compound interest plus a booming market this year added 33% to overall net worth and 69% to current 401k. +This isn't the first time I've felt giddy seeing all my dividends coming in, but it certainly won't be the last. + +The last 3 months have been incredible, each bringing me a solid $145-170. It's not much, but it feels huge. + +Seeing the total income, and realizing it's potential, just fills me with ever-growing joy and excitement. I went from no passive income to nearly $200/month guaranteed in just under a full year. If this isn't success and a brick towards a golden road, i don't know what is! + +What was your moment of realization, that time when you truly saw dividends being your path? + +Edit: Thanks for the awards! Can't believe this post got not only my first one, but second one ever as well! Just wow lol +http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/ + +I think this is a good idea of what to keep in mind when talking to other people. I know that isn't the primary purpose of the article but we take our mindset for granted sometimes and tend to overlook the fact the majority of people operate differently. Similarly, just because we believe they are wrong doesn't mean it is a good idea to risk rubbing salt in the wound. Some of us get surprised by the negative reactions...when often, we should realize that people are going to react negatively given this is the sort of things they think [the author of the article is living paycheck to paycheck]: + +> I am nowhere near rich, but I have typically made a solid middle- or even, at times, upper-middle-class income, which is about all a writer can expect, even a writer who also teaches and lectures and writes television scripts, as I do. And you certainly wouldn’t know it to talk to me, because the last thing I would ever do—until now—is admit to financial insecurity or, as I think of it, “financial impotence,” because it has many of the characteristics of sexual impotence, not least of which is the desperate need to mask it and pretend everything is going swimmingly. In truth, it may be more embarrassing than sexual impotence. “You are more likely to hear from your buddy that he is on Viagra than that he has credit-card problems,” says Brad Klontz, a financial psychologist who teaches at Creighton University in Omaha, Nebraska, and ministers to individuals with financial issues. “Much more likely.” America is a country, as Donald Trump has reminded us, of winners and losers, alphas and weaklings. To struggle financially is a source of shame, a daily humiliation—even a form of social suicide. Silence is the only protection. + +Many of them view their situation as humiliating. + +> What I hadn’t known, couldn’t have conceived, was that so many other Americans wouldn’t have the money available to them, either. My friend and local butcher, Brian, who is one of the only men I know who talks openly about his financial struggles, once told me, “If anyone says he’s sailing through, he’s lying.” That might not be entirely true, but then again, it might not be too far off. + +Many of them view people like us as being full of shit and/or bragging. + +> According to Johnson, economists have long theorized that people smooth their consumption over their lifetime, offsetting bad years with good ones—borrowing in the bad, saving in the good. But recent research indicates that when people get some money—a bonus, a tax refund, a small inheritance—they are, in fact, more likely to spend it than to save it. “It could be,” Johnson says, “that people don’t have the money” to save. Many of us, it turns out, are living in a more or less continual state of financial peril. So if you really want to know why there is such deep economic discontent in America today, even when many indicators say the country is heading in the right direction, ask a member of that 47 percent. Ask me. + +People think emotionally and short-term about their financial situation. + +> Financial impotence is an equal-opportunity malady, striking across every demographic divide. The Bankrate survey reported that nearly half of college graduates would not cover that car repair or emergency-room visit through savings, and the study by Lusardi, Tufano, and Schneider found that nearly one-quarter of households making $100,000 to $150,000 a year claim not to be able to raise $2,000 in a month. + +> Basically, a good many Americans are “financially illiterate,” and this illiteracy correlates highly with financial distress. A 2011 study she and a colleague conducted measuring knowledge of fundamental financial principles (compound interest, risk diversification, and the effects of inflation) found that 65 percent of Americans ages 25 to 65 were financial illiterates. + +Financial illiteracy is a common problem to the point is the norm, not the exception. + +So the next time you come to /r/financialindependence to complain about negative reactions, it is more likely you came across as rubbing salt in their wound rather than trying to help. + +This is a selfish post because I'd actually like some high level discussion instead of shallow discussion of fad stocks. + +So many of these posts are "Give me fish" when--if people are really serious about investing--posts should be "How do I fish?" related. + +For example, how much importance do you put on the P/E ratio? Does it differ by sector? Are there any instances where you'd disregard it? + +That's just a hypothetical, but it's the kind of discussion that I'd absolutely love to see on this sub. Not "Which stock to invest in?" or "What do I do with my X amount of money?" There's so much interesting content to think about and we seem to never touch upon any of it. +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +I have a property managed by an individual who operates under an LLC. It is rented to two grad students who pays $1,230 monthly, per terms of the lease. Last year, grad student A moved abroad and left student B to cover the entirety of the rent. Which I have been receiving through the property manager. Today I ran into student B and he mentions how he hopes I won't raise the rent from $1380. I don't have a lease with $1380 signed and he's been paying this for over a year. What legalities am I facing? I have not confronted the property manager because I want to collect more info on the matter before accusing him of anything. + +Update: + +I asked PM for all documentations regarding the property, including interactions between him and tenant. PM has been collecting $1380. He did not follow up with tenant as to why they were sending more than amount on the lease. Nor has he told me about it. Says the money has been sitting in the property's account, untouched. But still undocumented on my records. He said he had never encountered a situation where tenant overpays on rent and didn't know what to do. He assumed the tenant wanted a self imposed rent increase? I am flabbergasted by the unprofessionalism and not sure what the next steps would be in terms of dealing with that money. +So I was running my daily search on the SEC website: [https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-11-23&enddt=2021-11-23](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-11-23&enddt=2021-11-23) + +Noticed a lot of NPORT-P's so I ran my script to pull the GME data for the data dump (open incognito): [https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1365586541](https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1365586541) + +For those AQR Funds, I only pulled 3 files so I opened them manually to see what's up. (two of them have short positions) + +Here's one of them (don't open on mobile screenshots bellow): [https://www.sec.gov/Archives/edgar/data/0001444822/000175272421251095/xslFormNPORT-P\_X01/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/0001444822/000175272421251095/xslFormNPORT-P_X01/primary_doc.xml) + +&#x200B; + +[Others have Morgan Stanley and Goldman Sachs as counterparty](https://preview.redd.it/qxyp446chd181.png?width=1658&format=png&auto=webp&s=3b45c033df5216ef37e82094e6f5b8717169d021) + +Then lower on the page we have gamestop: + +[this goes with a ton of other companies](https://preview.redd.it/aux3ik5ihd181.png?width=742&format=png&auto=webp&s=a6f60e1560891ac72a4570fa382f4254ab67cc83) + +Dividing the IV by III has values like 0.07 here. others have 0.06 and 0.08 + +So yeah, need an adult, what does that mean? Is it worth writing a script to pull those out? + +Secondly, there's this NPORT-P (don't open on mobile screenshots bellow): [https://www.sec.gov/Archives/edgar/data/0001557794/000175272421249853/xslFormNPORT-P\_X01/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/0001557794/000175272421249853/xslFormNPORT-P_X01/primary_doc.xml) + +&#x200B; + +https://preview.redd.it/3dfkida8jd181.png?width=576&format=png&auto=webp&s=3f85138c97f87394c94552d0a0d72fd67895ab2f + +&#x200B; + +[this looks like another swap](https://preview.redd.it/rltmnrygjd181.png?width=704&format=png&auto=webp&s=67ee7c433e5a1a9759bff7f63b962566eea764ca) + +&#x200B; + +u/Gherkinit , u/Criand , u/Leenixus? +After nine quarters at the top, Tasmania has slipped to third position in the rankings of the best performing economies, according to the latest quarterly CommSec State of the States report. + +&#x200B; + +Victoria leads the economic rankings, closely followed by the ACT and Tasmania, with Queensland not far behind in fourth position, with little separating the top four positions. + +[https://www.commbank.com.au/articles/newsroom/2022/07/State\_of\_the\_States\_July.html](https://www.commbank.com.au/articles/newsroom/2022/07/State_of_the_States_July.html) +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +[Today's Jungle Beat features an article by our fellow mod, u\/Bradduck\_Flyntmoore!](https://preview.redd.it/go6xeb19vp171.png?width=1426&format=png&auto=webp&s=b3de2da0b4cc6cea78b6587b17d3076cd56ef57d) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# 🥁 🦍Welcome to the Jungle🦍🥁 + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $254.13 + +Open Price: $229.80 + +Daily High: $264.00 + +Daily Low: $227.00 + +Volume: 15.23 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ✏🚌 GME 101 🍎🖍 + +*If you're new to Superstonk, start here!* + +&#x200B; + +[possible, it is](https://preview.redd.it/sf6fokg8lp171.jpg?width=810&format=pjpg&auto=webp&s=ad93ec42c3482bba62ec9cdf562f1192feadae76) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +&#x200B; + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +&#x200B; + +Also, as you probably know, u/Atobitt has dropped HOC II&III. Pretty sure it crashed reddit last night! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +&#x200B; + +[go read it now!](https://preview.redd.it/scgouvvepp171.jpg?width=512&format=pjpg&auto=webp&s=ac7f58be3b4066bd880f43d7b4fc4c5a9c68a8d7) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Our next AMA will be Lucy Komisar hosting Wes Christian! + +[**Don't miss Lucy Komisar and Wes Christian next Wednesday, June 2, 2021 at 4:30 pm Eastern on Superstonk Live YouTube!**](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +&#x200B; + +https://preview.redd.it/9tmhi63oqp171.png?width=1542&format=png&auto=webp&s=7df48cf998290778e96533105feea541133863ae + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Word from u/Bye_Triangle about how Superstonk is POPPIN' + +&#x200B; + +When I woke up today, I saw the most beautiful sight I thought I would ever see... 100k apes online! I saw this number and my jaw dropped. but then... + +&#x200B; + +**11:00 am - 123k** + +**11:45 am - 130k** + +**1:00 pm - 131k** + +**2:27 pm -135k** + +**2:31 pm - 147k** + +**3:00 pm -149k** + +**3:17 pm - 152k** + +# 4:20 pm - 173,000!!! ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°) + +&#x200B; + +So yeah, 100k was just the beginning. Today r/Superstonk has reached a pretty exciting point. Not only did we continue breaking record highs with regards to our users online, but the retention of those users was outrageous. To put into perspective the kind of numbers we are dealing with, check out this post + +&#x200B; + +u/flyingsaxophone [Posted about it here](https://www.reddit.com/r/Superstonk/comments/nm9a0n/120k_apes_online_right_now_the_worlds_largest/) + +&#x200B; + +https://preview.redd.it/uigaslibup171.jpg?width=4608&format=pjpg&auto=webp&s=ea9298583de4c7d1a2a01b27c6b1bfda929c0616 + +This is Modi Stadium in India. Its a cricket stadium and it truly is the largest sports stadium in the world. Holding a maximum of 132,000 people. When he posted this we hadn't broken past 120k but as of writing this, we would have more than sold out that stadium with our 149k online (OMG)... and that isnt even to mention the WHOLE OTHER HALF OF US NOT ONLINE. + +&#x200B; + +If there was ever a doubt that we can make change, there isn't any longer. To those of you who feel yourself doubting that apes together are strong... look at that stadium... thats only half of us. + +**OOK OOK motherFUDers** + +&#x200B; + +&#x200B; + +[Our online membership vs WSB](https://preview.redd.it/f105p57tup171.png?width=1570&format=png&auto=webp&s=e346e48a1e52c51bc9a8a2c21674cd12e7eb52ac) + +Back to u/pinkcatsonacid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Bananya Cat Game 🍌🐈🌝🚀 + +&#x200B; + +[Credit to u\/CrayolaDinner for this screenshot!](https://preview.redd.it/n3xnlkg1pp171.png?width=649&format=png&auto=webp&s=19cab304185f7d2bc57e71ae6431f81c65a15924) + +&#x200B; + +**I am choosing to believe the bananya cat game was made discreetly, yet directly, for us apes at Superstonk.** + +&#x200B; + +[NFT.Gamestop.com](https://NFT.Gamestop.com) click the little white dot in the top right corner! + +&#x200B; + +So u/Bye_Triangle and I decided we wanna see those high scores! + +&#x200B; + +Drop your high score in the comments! We will be looking for the apes that have beat the game cuz **YOU GET A CUSTOM FLAIR!!** + +Bananya Cat Wizard 🍌🐈🚀 + +^((yes that's a pinball wizard reference)) + +GO BEAT THE GAME SO WE CAN SEE WHAT'S AT THE END! THERE MUST BE A SECRET MESSAGE OR SOMETHING! + +Drop a screenshot or comment your high score below! 👇 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- The Reverse Repo Rate Nightmare + +Essential reading to understand: + +[The Imminent Liquidity Crisis & Reverse Repo Usage- The Smooth Brain Edition](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/)\- by u/plants69 + +&#x200B; + +https://preview.redd.it/sujfo7bsqp171.png?width=960&format=png&auto=webp&s=118f29544f185336b0bae98a8838307c85f586a6 + +[Here's the link to see the daily rate for yourself.](https://fred.stlouisfed.org/series/RRPONTSYD) + +&#x200B; + +**FYI $485 Billion is the highest in history.** + +&#x200B; + +https://preview.redd.it/c9ejyzvksp171.jpg?width=927&format=pjpg&auto=webp&s=05055b3ae536d92e79d1ae4f9ea702eeb7eab8b6 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/Bradduck_Flyntmoore + +# Personal FUD: Defeating the Enemy Within + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! Today, I'd like to talk to you all about Personal FUD and how to overcome it. What IS personal FUD, you might ask? For the newer apes who might not know, FUD is an acronym meaning Fear, Uncertainty and Doubt. It often comes in the form of shills using disinformation or misdirection, even straight up lies or threats. BUT, it is also all those negative thoughts creeping around in your head that whisper negativity to you. + +&#x200B; + +"You didn't earn this." "It'll never work out, it never does." "You'll find a way to mess this up, just like everything else you touch." "Other people deserve this more than you." "Give up, it isn't worth it." "What about all the people that will suffer if you break the economy?" "You never get lucky, this is no different." Those are just a few examples of personal FUD. The things we say to ourselves that bring us down and make us question why we are even here in the first place. + +&#x200B; + +I've seen a lot of apes go through this, especially when they first get deeply involved with GameStop. Hell, I went through it. It is for this reason I write to you today, to let you know: apes together strong; you ARE worthy; and you DO deserve happiness and tendies. I shall now elaborate. + +Whose capital are you investing? Yours. Whose time are you dedicating to learning about the stock and the market as a whole? Yours. Who has to deal with the shills constantly trying to drag apes down and convince them they are wrong? It's YOU! It is all apes. Who has been patiently waiting for days, weeks, or months, only to watch the stock get manipulated like crazy? You again. But guess what? Apes are STILL winning, despite all the fuckery they can muster. + +&#x200B; + +**Nobody made you do any of that. It wasn't luck. It was all a conscious choice you made to better yourself, your life, and the lives of those you care about.** Is it a risk? Sure, most worthwhile things are. There is no way to know what the future holds. This risk, unlike most others, however, is extremely calculated. There is a mind-boggling amount of info supporting a MOASS. Hedgies r fuk, as the saying goes. Just look at the media for confirmation. How long has this "been over" now? I don't know about the rest of you, but I ain't hear no bell!! + +&#x200B; + +As a community, I've seen some incredible love and respect and knowledge and kindness and humor being passed around. Blows my mind every day. This is, in my humble opinion, the greatest place on the internet, and what apes are doing WILL change the world. It has already started. Just look at all the new rules that are being put into place because of the actions of apes! Look at the extremely knowledgeable, industry professional AMA guests that come here and the light that burns in their eyes upon seeing how serious apes are about breaking the corrupt game to pieces. It's amazing. They know it, I know it, apes should know it, too. + +&#x200B; + +I'd like to leave this on a note for those who still have Personal FUD rattling in their heads, despite what I have said here. Reach out to your fellow apes. Engage in the community. Learn. Laugh. Don't be afraid to talk about your Fear, Uncertainty, and Doubt. WE HAVE ALL BEEN THERE. Some of us likely still are. Lean on the apes that have more experience or have been in the game longer. Apes Together Strong means helping each other become better than we are, every day. I do not Fear for our future, rather, I am excited for it. I am not Uncertain of the outcome, as we have already won; it's just a matter of waiting for reality to catch up. And I do not Doubt apes will change the world, as I can see it happening before my very eyes. + +&#x200B; + +# Power to the Player! 🚀🌙 + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE YOUR SHARES + +&#x200B; + +https://preview.redd.it/x9pywqxawp171.png?width=842&format=png&auto=webp&s=6f5f0fe0201b47076b70df10e5dd43d1fe3a7b61 + +[**This masterpiece DD on Voting tells you all you need to know to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) **HUGE SHOUTOUT TO** u/nauaf\*\*, our fellow mod, for putting in the time and effort to get this information into 1 document!\*\* + +Voting is not only how we expose [the illegal activity that has been plaguing our financial markets for almost a century](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/?utm_source=share&utm_medium=web2x&context=3), as Lucy Komisar pointed out.. + +&#x200B; + +But it's also ACTIONABLE PROOF OF DAMAGES IN A US COURT OF LAW, as proven by our guest Wes Christian. + +&#x200B; + +That means if we know a good lawyer, a lawsuit can be arranged, once we have proof of damages ;) + +(smooth brains- proof of damages = proof of overvoting) + +&#x200B; + +So this is it. This is the final room with the chest that has the boss key. The bokoblins are guarding it. We just leveled up and got the Master Sword with u/Atobitt's DD drop. Here we go, apes. It's show time. Vote those shares and let's show these fuckers who they messed with. + +&#x200B; + +https://preview.redd.it/0xgg7nrlxp171.png?width=1000&format=png&auto=webp&s=c869c5072a08db9cf0f1d3780650434b7bdc9871 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A note from your friendly local Pink Cat 🐈🦄✨ + +&#x200B; + +On yesterday's Jungle Beat, as many of you may have seen, I was just sitting there chilling in the comments, giving people flairs and trying to get back in the groove of things. Reddit was being wonky at the time, so I thought it was just me at first, but I realized that + +&#x200B; + +**THE ENTIRE TEXT BODY OF THE POST DISAPPEARED.** + +&#x200B; + +Now, the post *didn't* get deleted or removed. It was somehow *edited* down to only the header and intro part of the post. After sitting in shock for about 5 minutes and getting u/Bye_Triangle's eyes on it, we confirmed it disappeared out of thin air. I ultimately deleted the post because it was an empty shell siting there. + +&#x200B; + +Idk, I wasn't logged into u/TheJungleBeat at the time, I was logged in and interacting with you guys as Pink Cats. So it couldn't have been an accidental edit on my end. + +&#x200B; + +Long story short, if you experienced this yesterday with the reddit glitches, I would **LOVE** to put the mystery to rest. I was pretty heartbroken to find all that work disappear with no trace. (Literally. Our awesome mod u/catto_del_fatto looked everywhere on the back end for it. Poof. Gone.) I don't know what happened to it. Even the draft for it is gone. Reddit admin has only offered the solution of changing the password and taking precautionary steps against a hack. + +&#x200B; + +And after internal discussion with *every* other possibility, it looks like that's probably the only answer... + +&#x200B; + +So, I appreciate your patience as we have figured out the growing pains of the Daily sub piece and what it will be called, when it will be posted, who will be posting it... etc. This piece will now be posted again by yours truly, because we had to take precautionary measures with the u/TheJungleBeat account, SO THERE WILL BE NO MORE OFFICIAL POSTS BY THIS ACCOUNT! We decided that third party accounts are a bit too vulnerable obviously, for the serious level of online attacks we are dealing with. + +&#x200B; + +It's been a rough week. + +&#x200B; + +Y'all have been so accepting, loving, supportive, and just altogether magical. I would literally do anything for this community. From the bottom of my heart, thanks so much for feeling like this pink cat's home. ✌💖🦄 + +&#x200B; + +[**P.S.- Turn on 2 Factor Authentication on literally all your important accounts.**](https://www.theverge.com/22215571/factor-authentication-2fa-apple-microsoft-google-how-to) **🤙** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉HYPE WEEK🎉 + +Mon - Lucy Komisar AMA | T+35 + +Tues - T +21 + +Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) + +[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) + +Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) + +[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) + +|Harambe's Birthday + +Friday - Harambe Memorial Day (R.I.P.) + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week... + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/jko08mi1mp171.png?width=1600&format=png&auto=webp&s=a16fad595ddf899b3a9b336aa1dabe1b0d06b2b7 +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/wsNDGTf5QH) +Title says it all, looking to expand my investments, currently only in stock market, but all of 2020 I have been studying real estate. To be honest, kind of scared to start but I really am looking to into 2021. +The term "DRIP" gets used all the time synonymously with what is truly meant as simply "Dividend Reinvesting". If you didn't know that those two things are different, feel free to continue reading. + +Look, none of this matters at all, but I figured some folks may be interested to know what they are saying. + +DRIP, most commonly means "Dividend Reinvestment Plan" which is done directly through a company, not clicking a button on your brokerage. These are not as common nowadays with low to no cost trade fees. Back in the day, it used to cost a lot of money in commission fees to buy shares, so companies would provide incentives to people to buy directly through them such as discounted share prices, lower commission fees, and ability to buy fractional shares with the dividends. + +There are still companies that offer this stuff, but now we can just choose the option in our brokerage to "Reinvest Dividends" and it happens automatically and you don't have to buy directly through the company to do it. + +Just throwing that out there for anyone interested because.....now you know, and knowing is half the battle....GEEEE EYEEE JOEEEEEEE! +My first investment was in Snapchat at 15.45 and I sold it at just about 40. I'm thinking I probably should've stayed in, but I'm messing around with a very small account, and wanted the cash to make a different move and see how it pans out. + +I'm a total newbie to investing, and aside from "The Intelligent Investor" I was wondering if you guys could recommend other sources of information, specifically on how to analyze the financial statements that companies put out. I just started reading "The Intelligent Investor" so perhaps what I'm looking for is already in there. However, other sources would be much appreciated. Let's face it, I had beginner's luck with SNAP, and that won't last, but sound investing principles will. Any help is greatly appreciated thank you! +When searching for potential value plays, what are some criteria you screen for? + +&#x200B; + +So far I search on Finviz for stock that have the following: + +* PE under 10 +* P/B below 1 +* D/E below 1 + +I'm considering searching for stocks that have institutional ownership under a certain percentage, or insider ownership over a certain percentage as well. + +&#x200B; + +Curious what others use as their basis to find value plays. +recently couple of my holdings announced big share buybacks, the market seems to appreciate this. I understand that share buybacks are great, but why do they have to do it right now, why do they not save the money for times when the stock market is less exuberant? +Ticker: AGFS + +&#x200B; + +I am looking at this one company that has solid operating & free cash flow. The problem is that this company's earnings are so bad due to expenses being incurred by the depreciation and amortization. So when you look at its income statement: Gross profit- excellent, Operating Income-negative. It has a lot of SG&A expenses but what surprises me the most is how big the operating expenses are coming from the dep'n and amortization. That's why it has solid cash flow because when the dep'n and amort are added back to the cash flow statement, it's a huge chunk. + +&#x200B; + +Please tell me the importance of depn & amort when they are not even "real cash expenses." My guess is, and you can correct me on this one, is that the stock market is ONLY obsessed with earnings. So this company is under the radar for now, but once all the depn & amort has been written off, net profits will be positive and therefore will take the market's attention. Is that the case here? AGFS is trading at low multiples and could be a deep valued stock. FYI its book value is 3 times its share price but the tangible bv is negative. Intangibes of this company are like 80% of its total assets, which Ive never seen before in a company. +https://investor.vanguard.com/investing/vanguard-brokerage?cmpgn=RIG:OSM:TSM:RMTGTW:01022020:TXL:VID:XX:XX:CNEW:OTH:OTS:XX:XX:POST:VG:sf226347029&sf226347029=1 + + +Coinbase seems to think their "failure to safeguard and manage our customers’ fiat currencies and crypto assets could adversely impact our business, operating results, and financial condition. " + +From the 10Q: + +>"Moreover, because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors. This may result in customers finding our custodial services more risky and less attractive and any failure to increase our customer base, discontinuation or reduction in use of our platform and products by existing customers as a result could adversely impact our business, operating results, and financial condition." + +&#x200B; + +https://preview.redd.it/j2d0petwaqy81.png?width=1435&format=png&auto=webp&s=0e85ba6f6d2af19660aac9687f3b395b6fb3b2b0 + + Their 10Q can be found here in it's entirety: [https://d18rn0p25nwr6d.cloudfront.net/CIK-0001679788/89c60d81-41a2-4a3c-86fb-b4067ab1016c.pdf](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001679788/89c60d81-41a2-4a3c-86fb-b4067ab1016c.pdf) +**BIG DICK SUMMARY:** + +There was a halt on June 2nd 2021 for popcorn - I'm speculating a share offering was used unlawfully to dramatically kill the price rise to avoid popcorn hitting $100 or to reduce the chance of another popcorn halt to avoid GME share prices going stratospheric - [*required DD*](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/) + +And our buddy *Jenny Craig Dick* knows about it! + +**OP:** + +There once was a wall street veteran named [Jonathan Craig Rich](https://www.linkedin.com/in/jonathan-rich-07158a3/) who submitted an ***"i got caught and i ain't sayin shit"*** letter [to FINRA](https://www.finra.org/sites/default/files/fda_documents/2019061652403%20Jonathan%20Craig%20Rich%20CRD%202271478%20va.pdf) accepting the penalties for not providing testimony relating to why he was *"resigned"* from his positions as head of investment banking at affiliated financial firms - **B. Riley Securities** and **National Securities Corporation.** + +&#x200B; + +[What a go getter](https://preview.redd.it/af21z6gc9a791.jpg?width=954&format=pjpg&auto=webp&s=ecf32b2808b607e613b238db91ced3dd5ae8deb8) + +It turns out [B Riley Securities bought up National Securities](https://www.yournational.com/news/2021/02/25/tender/) early last year - the earliest reference to the deal [happening on Jan 11th](https://www.prnewswire.com/news-releases/b-riley-financial-to-acquire-national-holdings-301204990.html), 2021. + +But, B Riley Securities? Where else have I seen that before...oh yeah - ***they were the underwriters for POPCORN's at-the-market share offering (along with citibank lul) that happened on June 2/3rd, 2021(***[sauce](https://www.entrepreneur.com/article/373637)***).*** Our buddy ***Jon Craiggy-Apple Cock*** got his gig as B. Riley underwriting top-dog a month before the offering was sold to **Mudrick Capital.** + +Anyone who has been wasting as much time as I have learning about the financial markets since the *idiosyncratic sneeze* would likely remember that June 2nd was the day that POPCORN was halted for the first time after some new regulations took affect. At the same moment it was halted, GME **SURGED.** Anyone who missed out, here are [the mathy details](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/) (***disclaimer: i haven't double-checked any of it - i'm retarded)*** and a [screencap of the event](https://preview.redd.it/m1cobx06mx271.png?width=1742&format=png&auto=webp&s=b67c7001e7d83734bf1a8c321208cc1c5c301b60) (thanks u/myplayprofile) + +Who gives a shit, you might ask? Let's see the reason *'dick'* was honorably shitcanned: + +&#x200B; + +[you don't say? and what is that again?](https://preview.redd.it/kzk8kegs7a791.jpg?width=745&format=pjpg&auto=webp&s=fcf1a2fae8f0ac5f87c3ba3c6696cabcdf850c41) + +If you look at the entire FINRA letter, it takes pains in never naming *"the other member firm that is an affiliate of National" -* however, if National is a subsidiary of B Riley, violations could still fall under B Riley's responsibility. It's also strange that this action emerges from a cycle examination of National from **2018**. If concerns were in their records since back then about Regulation M, and POPCORNs share offering is governed by Regulation M...... + +Nah. No way. It's not like Regulation M governs share offerings or underwriting rules or...messing with POPCORNs price volatility. + +Oh wait - that's exactly a part of what it governs. + +In short, it governs rules for underwriters and short selling and covering short selling and...well, here's the long version: + +[ugh](https://preview.redd.it/ze3f4h6v7a791.jpg?width=792&format=pjpg&auto=webp&s=eb7b3ec0076cec53ade6c8149dab3c64ae0c796b) + +**Hold up** \- wtf is *stabilization transactions?* + +According to [a guide:](https://www.lw.com/thoughtLeadership/regulation-m-guide-faq#:~:text=Rule%20104%20provides%20that%20it,the%20provisions%20of%20Rule%20104) + +&#x200B; + +[WHAT DOES IT ALL MEAN?](https://preview.redd.it/wsnmux7w7a791.jpg?width=829&format=pjpg&auto=webp&s=68e72948484b39daf4b45697a802bcfa9a8a329c) + +*Syndicate Covering Transaction? Stabilize?* + +&#x200B; + +[well just give me the answer then, why don't ya](https://preview.redd.it/50xwk61x8a791.jpg?width=794&format=pjpg&auto=webp&s=b37f047f559b69f7543ebc0c969109d5b6d2852e) + +There it is. It's spelled out. Do you see it? + +*"to reduce a short position"* + +**TLDR/Theory:** + +Some firms were short POPCORN. Bad. Other firms used POPCORN as a hedge against GME with some fucky derivative swap or algo trading. + +In either case, during a restricted period, the underwriters of POPCORN might've violated Regulation M, and specifically Rule 104, to avoid a price surge in both POPCORN & GME on June 2nd. + +# But don't forget the only undeniable fact about this post: + +***"i got caught and i ain't sayin shit" -*** *jonas 'crabby-craig' dick* +* Berkshire Hathaway reported operating income of $7.018 billion in the first quarter, up 20% from $5.871 billion in the same period a year ago. +* During the first quarter, the company bought back $6.6 billion of Berkshire shares, after a record $24.7 billion in buybacks last year in lieu of deal-making. +* Berkshire’s cash pile grew about 5% during the quarter to more than $145.4 billion. + +[https://www.cnbc.com/2021/05/01/berkshire-hathaway-brk-earnings-q1-2021.html](https://www.cnbc.com/2021/05/01/berkshire-hathaway-brk-earnings-q1-2021.html) +Hello everyone. I signed a contract with a real estate agent in order to sell my investment property in Missouri. + +The house is currently occupied, and she really ticked off my tenants when she demanded that we show the home over the weekend. + +They, in turn, sent a letter from their attorney stating that this was unreasonable (even though it’s in the lease). + +I agreed to wait until they vacate the premises to show the house because I like them and we’ve always gotten along. + +The real estate agent had pictures taken ($50 fee stated in agreement). The only termination clause in the contract states that she would be entitled to 3% of the listing price if I sold/leased the home to someone that was found through her efforts. + +At this time, the tenants are just going to remain in place, so I asked her to terminate the contract (I don’t need her help with a lease, etc.) + +I also offered to pay for the photographs. + +She is now demanding that I compensate her for her time, and I’m not exactly sure how to respond. I’m not saying that she isn’t entitled to something, but she’s being very difficult, and there is no verbiage in this regard in our contract. + +I’ve never experienced this when working with an agent in the past. + +Any advice would be greatly appreciated! +So my mother is a retired commercial mortgage banker and I’ve been trying for months to get her to invest in gme. She spoke to her financial advisor yesterday and he confirmed everything I’ve been telling her about the impending crash, the short squeeze and hedging herself against the crash. He was also shocked at how much I knew and understood about everything that’s going on as I am a heavy equipment mechanic and aside from the insane amount of dd I’ve read since January, I really don’t have any reasons to understand half of what I’ve learned. Now he wants to speak to me for some reason. I really can’t offer him any insight other than referring him to all of the dd, but it felt really good to have a financial advisor agree with me and make me look a little less tinfoil-hatty to my mom. + +Update: I spoke with the FA on the phone for a little bit yesterday. A few of you guys were right, he was trying to solicit me as a customer. I told him I didn’t need his services right now but I would reach out again in the future when I do. After having spoke to him myself, he didn’t confirm an upcoming economic crash, but he said agreed that he “saw some indicators that a recession may be coming.” So I guess for now I will continue turning wrenches until moass. +I took a lot of advice I read from this sub over the past two years and cleared all debt in that time. I saved the mortgage for last and that bad boy is now history! I want to send a sincere thanks to everyone who puts great financial advice out there everyday. I can't describe how good it feels to be debt free. Now I can focus on building wealth! +*******Edit 3: last edit, my post you’ll see I added incorrectly with tomorrow’s date NOT being T+21, that would be Friday 4/23! My initial post I had the 3rd squeeze date as 3/24 by mistake, therefore my day prediction is 1 day off. 4/23 would be the next FTD squeeze! ****** I AM THINKING 4/23 WE SEE SOME GREEN DILDOS + +*****Edit 3.1: haha damn okay, I’m seeing a lot of 4/26 being the 21st trading day after...so in my smooth brain I included the day of the run up in the calculation! Why you ask? Because it makes it work out obviously, if you don’t none of the days work..so therefore to confirm my bias I did it that way, and it worked. Haha + + +When lambo you ask? How about tomorrow? 🤯 + + +I’m a little shaken up from this discovery but I’m excited to bring it to you nonetheless. This runs along side the FTD squeeze DD we seen earlier this year that had the fancy graphs and showed how the coils are tighter and tighter. + +We’ve seen more DD pop up the last few days about recognizing patterns in GME trading, things I’d also noticed but unsure the connection until now (I think).. + +Let’s get some things out of the way, dates don’t matter, I’m not a financial advisor, and I ate crayons for dinner. I’ll hold until the end of time to bankrupt some Wall Street douche. + +Let’s look at some major GME dates for movement shall we? + +1/26 +92% + +2/24 +103% + +3/25 +53% + +I don’t have any shiny graphs or pictures because I’m on my phone and don’t know how to attach them ¯\_(ツ)_/¯ + +What do those days have in common?? +21 TRADING days apart. You might be saying to yourself “but ape those aren’t 21 days apart!” + +Let us not forget the NYSE is closed to observe +-Presidents’ Day 2/15 +-Good Friday 4/2 +You take those into account and my friends you have 21 days between them EXACTLY. + +Want to confirm your ape bias even further, let’s go back 21 days from 1/26 and look...oh man 12/28 only +4% guess the theory is out the window...except the market is closed MLK 1/18 New Year’s Day 1/1 and back into the 2020 calendar year Christmas Day...so three trading days behind 12/28? + +12/22 +25% and this was before retail really piled on and realized the fuckery behind these shorts. + +TL/DR; GME is on a cycle of T-21 micro squeezes and each one makes the starting floor higher and higher. Aka hedgies fucked. 🚀 + +The floor is $10,000,000 now Melvin, have Elon put our tendies on the next SpaceX rocket because we’re gonna be on the moon. + +Bonus TA: I’ve noticed big price moves the day after GME ends with really tight daily candles AKA the Doji candle and today’s is just that. (Have a look at the daily candles on 2/23 and 1/12) Also we’re sitting comfortably on the 50EMA and MacD is begging to cross! i know TA doesn’t apply to GME but Algos who pick up buy signals on these TA trends might flock to GME tomorrow giving us the volume we need for another +90% day. + +Edit: The 3/25 move would’ve been much larger but the earnings+shorts drove price down a mega fuck ton before hand so the mild increase was hidden behind that. In my opinion + +Edit 2/ I know no dates and I’ll get crucified if this is wrong and idc, this is the most fun I’ve ever had in my entire life. This entire GME saga has taught me so much about the market and economy, more than any amount of education. I love making outlandish claims, eventually some shit will stick to the wall and I hope it’s this Apes’ shits +***EDIT: TLDR: My OG post was partially incorrect in that rule 41 relates to the NSCC itself defaulting and not member \[Hedge funds et al\]*** + +***Thanks u/***[***diegostewie***](https://www.reddit.com/user/diegostewie/) ***for correcting some of this post and resolving this ape's troubles! COUNTER TO MY COUNTER DD IS THE FOLLOWING. OG POST UNDER the Hyphons.*** + +\*"\****With regards to your mention of NSCC Rule 41 Section 3(a)(i), I think you're misunderstanding what is applies to. The entirety of Rule 41 pertains to the default of the NSCC itself, not the members. Let me explain why this is the case.*** + +*Basically everything in this rule refers to a "Corporation Default", which is defined in Rule 41 Section 2(a) - in ta;dr form, a Corporation Default occurs when the Corporation either fails to cough up a payment to a member 7 days after giving notice of said failure, or if the Corporation dissolves, becomes insolvent, files for bankruptcy, etc etc etc. "Corporation" also has a specific meaning - Rule 1 defines it very clearly, so I'll quote it verbatim here:* + +>*The term “Corporation” means National Securities Clearing Corporation.* + +*So, a Corporation Default refers to a default of the entire, whole-ass NSCC, not it's members. With this in mind, Rule 41 Section 3(a)(i) can be understood to say that when the NSCC defaults, the positions of it's members will be valued at the market value at the end of the day after the NSCC defaulted.* + +*Just to be clear here - it would take a real hell of a lot to make the NSCC default. These guys are a part of the DTCC, the world's largest company providing financial services. We're talking about the whole backbone of the stock market going under here. Even GME is very unlikely to have the power to take them out. So, it's unlikely that this scenario will kick in. It's much more likely that a few of the NSCC's members will default, though - lookin' at you, Kenny.* + +*So what happens in that case? Look no further than Rule 4 Section 4 for that. To summarize the relevant parts, what the NSCC does in the event of a member default, is tally up their losses incurred as part of that default, menacingly walk up to the member with the tally and go "hey - cough up". If the member decides to be a stubborn little shit and not cover their losses, then the NSCC moves on to Rule 4 Section 3 - liquidation. The NSCC will forcibly liquidate as much of the member's cleared assets as they like, until they're satisfied with the cash they've gotten from it.* + +*Hope that clears things up a bit. And, for the usual disclaimer - I am not a lawyer, nor a financial advisor; you're the dumbass if you get burnt for construing what I say here as such, not me. Please do your own DD, and don't believe what I've written here blindly - this is all based on my own research and my findings may be incredibly incorrect.* + +***TL;DR:*** + +>*Will rules 13 and 41 mean that there whilst not being a theoretical ceiling, proscribe a de facto one?* + +*Very unlikely, since* **those rules (particularly 41) talk about what happens when the NSCC goes under, not Kenny. You'll get your tendies soon enough, young one.** + +*Made by a user from discord that asked me to post this here, because she doesnt have an old enough account! (* [*/u/astra\_2924*](https://www.reddit.com/u/astra_2924/)*)"* + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +If anyone thinks this is wrong and the OG post is right let me know but it looks pretty good to me! + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +**EDIT EDIT: Countering Opinion to Diego's Countering Opinion:** + +credit: u/sirburgundy + +*"That doesn"t answer the liquidity question and doesn"t answer what happens when the liquidated position isn't enough to cover the losses. The whole point is Citadel can"t cover their losses. Even if you liquidate their entire 300 B assets position it will not be enough to pay for the shares. So what happens then ? Especially with the new rules talked about in these DD :*[*https://www.reddit.com/r/Superstonk/comments/mkvgew/why\_are\_we\_trading\_sideways\_why\_is\_the\_borrow/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf*](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[*https://www.reddit.com/r/GME/comments/mnczc2/possible\_massive\_securities\_fraud/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf*](https://www.reddit.com/r/GME/comments/mnczc2/possible_massive_securities_fraud/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +*Really don't see how your post answers OP's* **\[See bottom of post\]** *questions.* ***The whole point of the 1M price share is saying the MMs and Clearing House and DTCC will foot the bill after Citadel and Short HFs default. How is pointing rule 4 Section 3 that theyll liquidate answer that ? We know theyll liquidate, but what about after ?*** *With 300 M shares, and 300 B from Citadel liquidated assets, that caps the share price at 1k. What happens after ? The Rule 13 and 41 ceiling is de facto much higher than the one where the NSCC doesn"t default. Your answer to his "FUD" DD is basically dont worry about that ceiling because itll go much lower. How does that answer anything and how does it get 500 votes with no one asking this question, am I a complete idiot for pointing out the payout is lower if NSCC doesnt default than if it does ?* + +***tl ; dr : pointing out the price won't be capped by NSCC default because it won't go high enough to happen isn't counter-counter DD, it's just extra FUD and worse than what the original OP says."*** + +\------------------------------------------------------------------------------------------------------------------------------------------- + +u/ Stangesort here: Personally i don't think Diego was FUD and on the point that i misinterpreted rule 41 he's bang on. But maybe sirburgundy has a point that DDs that reach uber high amounts implicitly predict the NSCC defaulting in which case they may need to factor in rule 41 into their calculations, just not in the way i said in my OG post. + +**FINAL EDIT FOR BALANCED ARGUMENT: However** u/Broviet states: *"The NSCC will not default. Citadel is far from the only short player in this trade, and they're on the lower end of the food chain. Geometric mean for 1mil/share will cost them right around a trillion. Higher than that, if we start playing at the default level, then we're in uncharted territory. But I find it mind-boggling that anyone would think that the NSCC can't scrounge up a trillion between all the shorts involved. This rule, IMHO, is a hedge against finding out what happens if apes push further.* + +***To answer questions 1 and 2 \[see below\], ask yourself what's most important for market continuity during any event. The DTCC's insurance payout process and how it relates to actual trading couldn't be structured in such a way that it would interrupt proper market mechanics, especially the REST of the market! And if a situation arises that forces a divide between trades and their ability to settle them, they'll be forced to deal with that divide.*** *One possible solution being a simple change to sale/settlement windows so that retail can sell but not withdraw until the DTCC's insurance clears.* + +***There are a myriad of ways the DTCC could handle this while maintaining the sanctity of the market. Don't forget, if you default the NSCC, you halt EVERYONE'S market, not just apes'. That rule is there as a killswitch for the worst case scenario as American/global retail faith is destroyed forever.*** + +*Don't forget, optics are everything. Public sentiment is everything. It's one thing to see a crash happening in a functional market and not know why, consider closing positions, etc. It's another entirely to see the music stop right before your eyes and all they have to say for themselves is "Ah shit, sorry yall, we fucked up. You're gonna have to take this L for us though, we don't want it."* ***If they can make new rules in their favor, they can change others in ours, and they WILL if it means it keeps the music going.*** + +[*/u/strange-sort*](https://www.reddit.com/u/strange-sort/) *Thanks for posting my other one, but this one is much more important, imo."* + +\-------------------------------------------------------------------------------------------------------------------------------------- + +u/Strangesort here: which if correct supposes it could go over $1m. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +**OG post Below:** + +&#x200B; + +I'm probably risking my karma for this but while i am invested in the stock and believe it could increase in a squeeze by a high multiple here is my tenuous counter DD/ opinion about why i think $1 million a share is practically unlikely. + +For reference i want to be wrong and be a multi-millionaire so if i am off the mark by all means explain how I am wrong saying GME investors have the potential to be merely filthy rich 10x, 100x, 1000x rather than have ALL the money and telephone number bank balances. Many of these points i wanted to know more/ be corrected two weeks ago and i still am unsure on them so believe they still stand. Back then I got quite frustrated so I looked up DTCC rules and came to the following conclusions. I had read a lot of DD but wanted to know very loosely what the procedural mechanism for potential payouts \[via brokers\] would be in a MOASS scenario, the following two rules i thought were the most relevant. This is going to be a compilation of some of my comments of sorts. I am not an expert or trained professional and this is not advice/ a prediction rather my own interpretation of the rules i found and so If the new rules have made these obsolete or i am wrong i would genuinely be interested to know. + +&#x200B; + +**1) DTCC Procedure- boring stuff is important** + +[https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwit4MvZ7vDvAhWnhf0HHVCGB9UQFjAAegQIAxAD&url=https%3A%2F%2Fwww.dtcc.com%2F\~%2Fmedia%2FFiles%2FDownloads%2Flegal%2Frules%2Fnscc\_rules.pdf&usg=AOvVaw0avQW3P4BRlgzpomtYOld0](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwit4MvZ7vDvAhWnhf0HHVCGB9UQFjAAegQIAxAD&url=https%3A%2F%2Fwww.dtcc.com%2F~%2Fmedia%2FFiles%2FDownloads%2Flegal%2Frules%2Fnscc_rules.pdf&usg=AOvVaw0avQW3P4BRlgzpomtYOld0) + +under DTCC payout rules" it says this: + +**RULE 13. EXCEPTION PROCESSING:** + +*"Notwithstanding any provisions in these Rules and Procedures to the contrary, in the event that a security may not otherwise be eligible for processing through the CNS, Balance Order or other system, the Corporation, in its sole discretion, may adopt, from time to time, procedures deemed appropriate for the processing of such security. Any such procedures shall be promptly communicated to Members by the Corporation and the Members shall be bound by the procedures set forth in such notice as fully as though such procedures were now a part of the Rules and Procedures of the Corporation. Each such notice shall be effective only for the security covered therein..."* + +**DTCC RULE 41: SEC 3 Valuation of Claims a) i):** + +*"The Corporation shall value all CNS Positions by using the* ***Current Market Price, as determined for the CNS System, as of the close of business on the next Business Day immediately following the Default Date***\*, so that each Member shall have the same per share price for a given security in which it had an open CNS Position (the resulting value referred to as the “CNS Market Value”)"\* + +basic predication: Default. Circuit breaker. 24 hours CMP/ CNSMV settles during circuit breaker. Re-Hypothecation unwinds partially. Another default. Rinse Repeat until float sizes down to manageable size and people stop defaulting. Meanwhile MMs & brokers do as the DTCC says as per rule 13. + +So what that says to me (correct me if im wrong) is not that the DTCC takes on the defaulters short so you can gouge them for $30m a share but that (and im assuming a price increase enough to bankrupt a HF would cause a pause in trading once the share rises to a certain level), it is nuanced, but the DTCC is there to resolve the short position not take the place of the shorter in the market. There is essentially a 24 hr window after the default in which the price moons, but would likely cause multiple freezes during that day due to massive price volatility. By that point, most likely during suspension, the current market price as per rule 41 is baked in, therefore the rehypothecation of the particular shares of the defaulter is closed by a de facto finite amount at a set market rate. Rinse and repeat this process for however long and for every defaulter likely causing multiple suspensions until the float becomes a workable (legal) size and stabilises/ people stop defaulting. Therefore the de facto max for the shares is finite as suspensions kick in when the price rises a certain % at set time intervals (this isnt FUD, im still thinking there's potentially a disgusting amount of money potentially to be made). + +&#x200B; + +**2) Liquidity- wheres my god damn money?** + +My ELI5 explanation of Re-Hypothecation, is that shorter could buy a share from somewhere else in good faith to cover but in turn the seller of that share may have bought the share from the original person who shorted the share in the 1st place via a load of middle men who in turn need to find shares from other middlemen leading to a re-hypothecation mess, the severity of which depends on how many share holders want to recall their shares which is guessable but not knowable. Whilst plausible that it will cause a rise in price perhaps you can't guarantee its going to be the Catalyst of MOASS as every shareholder has the agency to decide if they want to vote or not for whatever reason and no-body has mind-control. But being bullish i have previously said that a heightened share rebound has happened at varying degrees every April following the March results since 2014; if you look at yahoo charts it is borne out. This imo is probably due to closure of shorts due to recalls so here we go: + +In the even the recall does start MOASS hypothetically as the price rises and shares become scarcer the trade will require more liquidity as Kelleher from the latest congress hearing stated in his written testimony [https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf](https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf): + +*"Consider the systemic consequences, for example, if the hedge fund Melvin Capital Management (“MCM”) were unable to obtain emergency funds and/or had to close out and/or cover all its GameStop and other short positions—or had to simply default on some of those positions. In all likelihood, the* ***resulting redemptions, fire sales, and knock-on liquidity demands*** *might have amplified the Robinhood disruptions and financial constraints, encouraged NSCC to take more drastic actions* (**Rule 13?**) *or hold the line on the initial $3 billion margin call (later reduced on a discretionary basis), changed the risk tolerance of investors that injected billions into Robinhood and MCM, and perhaps ignited or failed to limit a broader systemic panic. This extreme but plausible scenario brings to mind the apparently forgotten lessons of Long-Term Capital Management."* + +So whilst Elliot waves and $2m get banded around, in practice the liquidity needs to exist to support the theories in DDs into actually materialising as cash in your wallet. You may say well the DTCC and/or their insurers will cover, but this is without precedence. How liquid would the act of payment from the DTCC or insurers be to 1- individual broker and 2- from brokers to you? I dont know how any one broker will attempt to handle a severe scenario, will it just be a simple click of a button at $2m, 200k, 2k etc? Will the money be credited to my brokerage account and ~~instantly~~ withdraw-able to my bank acct in normal time? I DO NOT KNOW. my point being i think this is going to be a fun ride but it ain't going to be an easy sure bet you are going to need those diamond hands. + +&#x200B; + +**3) Concluding Questions:** + +i would want to know from the wise ~~men~~ people of the subreddit who know infinitely more than I: + +1. More about the exact process of payouts to retail investors, how liquid and fast DTCC insurance is if it gets engaged in the payout process +2. how it will interact with most brokerages +3. If there has been illegal activity/ price manipulation on the short side would it really be against the rules to freeze GME on the NYSE until the Re-Hypothecation is unwound? +4. Will rules 13 and 41 mean that there whilst not being a theoretical ceiling, proscribe a de facto one? + +if shareholders are really are going to become millionaires off single shares is it really much of an ask to at least figure this stuff out to a tee? Anyhow reddit god have mercy on my karma. + +&#x200B; + +OG **TLDR for Harambe:** + +**I WAS WRONG ABOUT:** *The DTCC will pay out a determined market rate for each defaulter as per rule 41. That is the market value of the stock 24 hours after default (known as CNS), whatever that price is and it'll be high in the case of defaults. This will re-occur every time another default happens with the price increasing in between.* + +**EDIT: Instead 41 only applies if the NSCC itself defaults i have no idea what share price would be required to bankrupt the entire NSCC and trigger rule 41.** + +**Due to liquidity issues id expect pauses in trading which could affect the CNS?** + +&#x200B; + +\*Edits for Grammar + +\*Edit removing "wise men" for wise people- Deadpool 2 reminding me to check my in built biases and correct this saying shorthand. Also sorry, i am aware this post reads like crap still. +1.Computershare are not a fraudulent company + +2.They will not register more shares than they know are in existence. + +3.They will report to GameStop when the float is locked + +4.They will not start ignoring DRS requests incoming. + +They will have to issue some kind of statement to say that DRS of gamestop is not currently possible. + +That will be when we know the float is locked. +Background. We live in California. Recently we have decided to sell the house. The market is hot and the interest rate I believe is down to 2.5% give or take a few on a 30 year fixed. I offered to give her the listing and she came back stating that she would like to buy. Obviously now she no longer has my best interests at heart. + +In general a buyer wants the lowest price and a seller wants the best price putting us at a conflict of interest. The bright side is we wouldn’t have to pay realtor fees. + +The house itself is 1259 square feet, 3 bedroom, 2 bath, built 1985. Another thing to consider is there is 1/3 of the houses that are typically available in the area, around just 4%, causing people to overbid a decent amount. + +Here’s where I am at, there are things that need to be fixed that we can spend pennies on the dollar to increase the value by several thousand, an example is we sanded down the cabinets and we now need to buy new doors and paint. To which they are proposing that we don’t fix those things and let them do it. (Obviously their benefit). I have no problem spending 1k to make 4K more. + +Also, a house similar to ours sold for 390,000 on the street directly behind ours at the beginning of July, to which interest rates have dropped further since. + +Fun exercise for thought- +I realize that if we somehow reached an agreement that would potentially save me 22k in realtor fees if the house was priced at 390k. (Not saying that’s the price, but for sake of discussion) + +MY TENTATIVE GAME PLAN +We are going ahead as if they are not the buyer and getting the house ready for the market to make sure the house gets the most bang for the buck. I’m thinking that the best way is to put it on the market and give them first priority to match the highest bid, because if we didn’t put it on the market then we would be missing out on the potential of people overbidding. Then if they did want to match it then that’s when we could figure out the best way to meet at a fair price. (SUGGESTION???) + +My questions are essentially + +1. How do I now navigate that we get the best possible price? + +2. At what point would the waving of realtor fees benefit us/them as far as purchasing price? +(It doesn’t make sense to drop the price to 370k to benefit just them because they would be paying the 390k anywhere else.. middle ground maybe??? Split the difference? + + +Add on- +To be clear I would not be saving 6%. They want to take that number off the top and buy the house at that price. + +market 390k +Commission 23,400 + +She wants to pay 366,700 + +She wants to essentially gain 24k equity because she is still doing all of the work. + +Edit-add on +Hi, I’m currently doing 45-50% of my income into index funds (combined via a mega backdoor Roth and also my regular 401k), but on a whim I’m wondering if I should be looking into real estate investing instead for better returns or cash flow? I’d only want to do buy and hold (probably at a distance) rather than managing people for flipping, but I frankly don’t know much beyond that. + +Curious your thoughts +And if it is a certainty at this point, what can I do to prepare for it? I'm only just now getting into earning a paycheck at my first stable job, and it feels like I'm going to be slipping behind before I can even get started. + +If this is not the right subreddit for this question, just let me know and I'll take this down. +So this weekend my wife checked our bank account and found we had $2000 worth of charges from Stamps.com that we did not make. ~~Two years ago~~ A few months ago she signed up for their service for some shipping but found it cheaper to use the Post Office. Well sometime Friday night someone got into her account (using an old password she hasn't used in years) and ordered $2000 worth of labels in increasing amounts. First $30, then $110 then $300 and so on and so on. Since stamps.com doesn't have any after hours support or anyone on site with the holiday yesterday, they claim there is nothing they can do and all the labels/postage have been printed. + +We called our bank, disputed the charges, had the card replaced and now we have to wait up to 10 days to get the $2000 back to our account. + +While on the phone the rep lectured my wife about proper password safety and actually said "If you watched the news you'd know this is a problem". Wifey says it sounds like the rep was reading from a script so this is likely not an isolated issue. While doing some quick googling this weekend we found more than a few people reporting the same issue this week. Seems like this was a coordinated effort to coincide with the holiday to limit people's ability to fight it. + +So, learn from our mistakes. + +1) Never reuse passwords. Ever. The last few months we have been diligent about this, but we created this account a few years ago and forgotten about it. + +2) Don't use your debit card for online purchases. Use a credit card because while you fight unauthorized charges you're not eating ramen for 4 days while you sort it out. + +3) Do research on businesses before working with them. Stamps.com has a less than stellar reputation for being proactive about dealing with fraud. + +Edit: Changed account creation time frame. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +The Dow is down four figures today. + +The Nasdaq is in a bear market and down 5%+ today. + +The 30 year mortgage is passing 5.5% and headed to who knows what levels once the Fed starts liquidating MBS in June. + +The Fed just raised short term rates yesterday by 0.5% for the first time in 22 years with more hikes imminent. + +But sure, real estate only goes up am I right? + +[Unemployment Claims just hit 3 months highs and Challenger Grey and Christmas hiring measure just went negative for the first time since the onset of the pandemic](https://www.reddit.com/r/REBubble/comments/uj1g6n/no_bubble_because_best_job_market_on_record/) + +The Bank of England just forecasted a recession by the end of this year. + +My question is simple: what's your assessment of the real estate market? If you aren't bearish, what will it take for you +I am an attorney at a large law firm with about 5 years of experience, so my salary is $345K and I receive year-end bonuses upwards of $100K. The money is great, but I'm ready to leave. I was initially planning to go in-house as an attorney with a company and take a modest pay cut in return for a better work/life balance. However, as I've been thinking about it more, I've realized that it's not necessarily the amount of work that I hate, its that I hate the work itself and that I'm a highly-compensated paper pusher. + +Recently I've been thinking more seriously about quitting law altogether and buying a small business. I don't have any other skills, so I would likely buy a simple business that I could learn to run without extensive formal training, e.g. residential cleaning, laundromat, landscaping, car wash, etc. There are still so many factors I need to consider before making such a decision, but before I go any further down this route, I figured I would post here to see whether I'm making a glaring mistake by even thinking about it. +I'm buying renter's insurance for the first time because my new building requires it. I'm trying to be a responsible shopper by getting a few quotes, comparing them, and then reading the contract before I agree to it. This is how I've always been taught to make big decisions like this. + +But apparently that's not how the rental insurance world works. I've talked to three companies now (State Farm, Allstate, and Geico), and they've all told me they will not send me the contract before I make payment. I called the DC Department of Insurance, Securities, and Banking, and bafflingly, this is a perfectly legal practice. + +I spoke to an understanding man at Geico who explained that, at least for them, they were reselling the insurance of one of their partners, and they are contractually obligated not to release the contract before someone purchases insurance. He told me this is standard practice in the renter's insurance world and that no company wanted their contracts (called an HO-4) released prior to payment. He sent me an example of what an HO-4 typically looked like that he found online ([here](https://www.uuinsurance.com/z_Agent_PDF_Forms/Policy%20Jackets/HO4%20Renters.pdf)), but couldn't find the contract I would actually be agreeing to (Assurant's March 2017 rental contract). + +So here are my questions, from most to least pressing: + +* Does anyone have a copy of Assurant's March 2017 Renter's Insurance contract for the District of Columbia? +* Is there a good source online for me to find more of these contracts? +* Does anyone know if State Farm and Allstate are similarly resellers of insurance? +* If they are resellers, do you know who they would source a DC rental policy from? +* How can I get copies of these contracts before I agree to them? +* Why does this business work this way? +I've never felt so financially confident before and it feels like a breath of fresh air. + +Thank you everybody for the great tips and tricks on this sub, all of them have added up! 😃 + +- lessening feelings of shame around my finances +- motivation and comfort +- seeing people discuss what worked for them + +Every little helped! + + +Edit: I am overwhelmed by all the kind and supportive comments, thank you everyone so very much! You all are the best! It's made my day! +QYLD how do I work out how many shares will give me $200 a month? + +If the share price is $18 and I buy 1000 shares that = 18,000. +Dividend each share per year $2.69 +That = 2,690 +=200 a month correct? +Hey Everyone! I am about to close on my first rental property and I am so excited! It is a single family townhouse. It needs a little bit of rehab, but nothing too major. I was wondering if you guys had any advice or tips on what to look out for as far as maintenance, unexpected expenses, and managing the rental itself for a new investor like me. Anything would be greatly appreciated! Thank you! +Reposting my comment from the daily. + +https://twitter.com/MorningBrew/status/1453445533754855433?s=20 + +https://etherscan.io/address/0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd + +I haven't been in crypto for very long or very deep, but this is the craziest trade I've ever seen. That is like 6 MILLION X returns, not %, in like a little over a year. + +I've largely ignored SHIB, not even on fundamentals and it being a real coin or whatever, but even on a meme level, I thought DOGE has it beat, that it was just a copycat and won't have the history or community power of the original DOGE. + +But I guess I was wrong. SHIB lays bare how subjective value really is. I thought it was loose before, but valuation is actually 100% based on feeling, 0% objective anything. +# 🐸 The beginning of the a new era in yield farming and liquidity provision for the world of crypto. + +🐸 [TOAD.Network](http://toad.network/) in conjunction with PADSwap aims to change the way users view liquidity with perpetual & decentralized liquidity through a unique, one of a kind system called **“DPLP”**. + +📠DPLP is “Decentralized Perpetual Liquidity Protocol”. This means that there will forever be liquidity to farm and decentralize. This creates a rugpull-proof ecosystem for projects to utilize.📠 + +[**Toad Network**](http://toad.network/) \- 2M Market Cap + +🐸 Maximum token supply 200K + +🐸 Rugpull-proof as **DEVS have donated** all their LP tokens to the pool for users to farm + +🐸 Large selection of yield farms to earn TOAD and PAD + +🐸 Toad has DPLP farms that ensure there will be liquid toad for purchase 1000 years from now + +[**Padswap Exchange**](http://padswap.exchange/) \- 522K Market Cap + +✅ Highest LP Rewards on BSC with low swap fees. + +🔄 Swap any token that has liquidity added to the DEX + +🤝 Fair launched and self funded. The DEVs **donated over 200k** of their own liquidity at project launch + +🏦 Vault providing an ever rising price floor of pegged index backing + +💸 High rewards to liquidity providers. .25% vs the .17% liquidity providers earn on PCS + +[**✅BUY TOAD AND PAD on PADSwap!**](https://padswap.exchange/#/swap)✳️ + +Math nerds and meme lords behold: It gets even better! + +The future evolution of the TOAD.Network ecosystem: + +📊Portfolio tracker + +💰Crypto ATMs + +🚀LaunchPAD + +⚛️Governance system(TOADAO) + +🌐NFT marketplace + +👁‍🗨Simplified app + +✳️Auto-stake as savings account + +☢️New merch additions and limited series + +���Partnerships + +🎦Animated Video Series + +🐸Toad Network is limitless🐸 + +[What is Toad.network](https://toadytoad.medium.com/the-toad-network-46f5f6872ab6) + +[Toad Audit](https://www.dropbox.com/s/ovj6nrfbomr8trq/TOADNETWORK%20AUDIT%20REPORT.pdf?dl=0) + +[Pad Whitepaper](https://www.dropbox.com/s/bng5e1bq2u03bk6/PAD) + +[PadSwap Audit](https://www.dropbox.com/s/tp7w83imug6egjp/PADSWAP%20AUDIT%20REPORT.pdf?dl=0) +# 🐸 The beginning of the a new era in yield farming and liquidity provision for the world of crypto. + +🐸 [TOAD.Network](http://toad.network/) in conjunction with PADSwap aims to change the way users view liquidity with perpetual & decentralized liquidity through a unique, one of a kind system called **“DPLP”**. + +📠DPLP is “Decentralized Perpetual Liquidity Protocol”. This means that there will forever be liquidity to farm and decentralize. This creates a rugpull-proof ecosystem for projects to utilize.📠 + +[**Toad Network**](http://toad.network/) \- 2M Market Cap + +🐸 Maximum token supply 200K + +🐸 Rugpull-proof as **DEVS have donated** all their LP tokens to the pool for users to farm + +🐸 Large selection of yield farms to earn TOAD and PAD + +🐸 Toad has DPLP farms that ensure there will be liquid toad for purchase 1000 years from now + +[**Padswap Exchange**](http://padswap.exchange/) \- 522K Market Cap + +✅ Highest LP Rewards on BSC with low swap fees. + +🔄 Swap any token that has liquidity added to the DEX + +🤝 Fair launched and self funded. The DEVs **donated over 200k** of their own liquidity at project launch + +🏦 Vault providing an ever rising price floor of pegged index backing + +💸 High rewards to liquidity providers. .25% vs the .17% liquidity providers earn on PCS + +[**✅BUY TOAD AND PAD on PADSwap!**](https://padswap.exchange/#/swap)✳️ + +Math nerds and meme lords behold: It gets even better! + +The future evolution of the TOAD.Network ecosystem: + +📊Portfolio tracker + +💰Crypto ATMs + +🚀LaunchPAD + +⚛️Governance system(TOADAO) + +🌐NFT marketplace + +👁‍🗨Simplified app + +✳️Auto-stake as savings account + +☢️New merch additions and limited series + +🧬Partnerships + +🎦Animated Video Series + +🐸Toad Network is limitless🐸 + +[What is Toad.network](https://toadytoad.medium.com/the-toad-network-46f5f6872ab6) + +[Toad Audit](https://www.dropbox.com/s/ovj6nrfbomr8trq/TOADNETWORK%20AUDIT%20REPORT.pdf?dl=0) + +[Pad Whitepaper](https://www.dropbox.com/s/bng5e1bq2u03bk6/PAD) + +[PadSwap Audit](https://www.dropbox.com/s/tp7w83imug6egjp/PADSWAP%20AUDIT%20REPORT.pdf?dl=0) +Edit: I’m a dumb, high ape so this isn’t financial advice, obviously. + +Edit 2: Don’t forget to vote! And only do it through links provided by GameStop’s official site or your broker! + +With GameStop selling the 3.5m shares at market value, they were able to sneak the sales to retail and longs since hedgies weren’t covering. + +They also timed it perfectly with the FTD cycle, allowing this catalyst along with less selling pressure to cut gravity in half for our rocket. + +They also now have half a billion in cash to announce an acquisition, (edit: ~~potentially riot games since Ryan Cohen tweeted that clenched fist and that’s their logo? Or~~ maybe the common speculation of SLG?) a catalyst in itself. + +In addition, they announced this after hours so any price increase wouldn’t be subject to halts. Meaning it can keep going up before open tomorrow and potentially get to margin call levels. + +The countdown is over. The rocket is taking off SOON. BUY AND HOLD WITH DIAMOND FUCKING HANDS. + +🚀🚀🚀🚀💎🙌 + +Edit 3: holy fuck what if Ryan Cohen’s Ted Tweet wasn’t just about bears shaking or bear bonds or whatever, what if it was also about doing something in private that turned out to be something we didn’t expect????? +TLDR: Put "-fool" in every google search + +If you're like me and think Motley Fools articles are absolutely absurd and hate seeing them spammed across every DD search for stocks or companies, filter out every Motley Fool article by placing "-fool" at the end of google searches. + +It's like subtracting the fools from your research!! + +GLTA! + +. +. +. + +Edit: Sounds like some people enjoy their premium services, which is great! Obviously I was talking about the free overloaded clickbait articles. I have never paid for stock pick services and was just trying to help people who are in the same boat. + +[Example](https://www.reddit.com/r/CanadianInvestor/comments/m3tl1s/an_overview_of_motley_fools_opinion_on_air_canada/?utm_medium=android_app&utm_source=share) +Fellow Apes, + +We all know about the statement of Gamestop on their Form 10K ([https://news.gamestop.com/sec-filings/sec-filing/10-k/0001326380-21-000032](https://news.gamestop.com/sec-filings/sec-filing/10-k/0001326380-21-000032)) published at the earnings call. However, there was always a reasonable doubt due to the fact, that the form was referring to the state of Jan 31st. + +In the same 10K linked above, they already mentioned the ATM offering. They finalized it and announced it officially today with a Form 424B5 ([https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-105564](https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-105564)). + +So, the sell-off due to today's announcement is absolutely staged as we have seen after the earnings call (thanks George for the dip, I bought). + +**HOWEVER:** **IN TODAYS FORM 424B5 THEY CONFIRMED THE SQUEEZE IS STILL GOING ON:** + +&#x200B; + +>A “short squeeze” due to a sudden increase in demand for shares of our common stock that largely exceeds supply has led to, and may continue to lead to, extreme price volatility in shares of our common stock. Investors may purchase shares of our common stock to hedge existing exposure or to speculate on the price of our common stock. Speculation on the price of our common stock may involve long and short exposures. To the extent aggregate short exposure exceeds the number of shares of our common stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our common stock for delivery to lenders of our common stock. Those repurchases may in turn, dramatically increase the price of shares of our common stock until additional shares of our common stock are available for trading or borrowing. This is often referred to as a “short squeeze.” A large proportion of our common stock has been and may continue to be traded by short sellers which may increase the likelihood that our common stock will be the target of a short squeeze. A short squeeze has led and could continue to lead to volatile price movements in shares of our common stock that are unrelated or disproportionate to our operating performance or prospectus and, once investors purchase the shares of our common stock necessary to cover their short positions, the price of our common stock may rapidly decline. Investors that purchase shares of our common stock during a short squeeze may lose a significant portion of their investment. + +&#x200B; + +**AND ON TOP OF THAT THEY CONFIRM MEDIA COVERAGE IS BS:** + +&#x200B; + +>Information available in public media that is published by third parties, including blogs, articles, message boards and social and other media may include statements not attributable to the Company and may not be reliable or accurate. We have received, and may continue to receive, a high degree of media coverage that is published or otherwise disseminated by third parties, including blogs, articles, message boards and social and other media. This includes coverage that is not attributable to statements made by our directors, officers or employees. You should read carefully, evaluate and rely only on the information contained in this prospectus supplement, the accompanying prospectus or any applicable free writing prospectus filed with the SEC in determining whether to purchase our shares of common stock. Information provided by third parties may not be reliable or accurate and could materially impact the trading price of our common stock which could cause losses to your investments. + +&#x200B; + +**RC WILL INSTRUCT JEFFRIES WHEN TO ISSUE HOW MANY NEW SHARES:** + +&#x200B; + +>Each time we wish to issue and sell our shares of common stock under the Sales Agreement, we will notify Jefferies the number of shares to be issued, the dates on which such sales are anticipated to be made, any limitation on the number of shares to be sold in any one day and any minimum price below which sales may not be made. Once we have so instructed Jefferies, unless Jefferies declines to accept the terms of such notice, Jefferies has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of Jefferies under the Sales Agreement to sell our shares of common stock are subject to a number of conditions that we must meet + +&#x200B; + +**THEY EXPLICITLY SAY THEY MAY NOT SELL THE TOTAL 3.5mm SHARES ANNOUNCED** + +&#x200B; + +> The actual number of shares we will issue under the Sales Agreement, at any one time or in total, is uncertain. Subject to certain limitations in the Sales Agreement and compliance with applicable law, we have the discretion to deliver instruction to Jefferies to sell shares of our common stock at any time throughout the term of the Sales Agreement. The number of shares that are sold through Jefferies after our instruction will fluctuate based on a number of factors, including the market price of our common stock during the sales period, the limits we set with Jefferies in any instruction to sell shares, and the demand for our common stock during the sales period. Because the price per share of each share sold will fluctuate during this offering, it is not currently possible to predict the number of shares that will be sold or the gross proceeds to be raised in connection with those sales. + +&#x200B; + +**TL;DR:** Nothing new here, the sell-off is staged. Gamestop confirms Squeeze is on and media coverage is BS. RC will decide when and how many (if any) shares are given out. VERY BULLISH! + +**EDIT 1:** Added the statement in which they announce they may or may not use the sell offer entirely. +As seen on TV probably put the impulse buy sweet spot at $19.99 for average consumers. What is fatfire's limit? What was your last unplanned big toy? Share your dollar limit or legendary stories. + Cut through the dross with a screener. + + +It is surprising how adding a few filters can dramatically reduce the number of shares a screener brings back. Lets take a closer look 📷📷 + + **1) The bare minimum** + +I look for in a business is that it is profitable in accounting and cash terms and that it is not hamstrung by debt. 1. Net profit > £0: 428 matches 2. Free cash flow > £0: 398 matches 3. Net borrowings as a percentage of capital employed\* < 50%: 470 matches + + **2) Apply all of these ratios** **simultaneously** + +and only 282 shares pass on the LSE. + +Surprisingly on the LSE + +\-30% of the companies in the more are making a loss , + +\-30% of them are making a loss on a cash basis, and + +\-20% of them are mostly funded by outside money. + +&#x200B; + + **3) Filter for Owner Managed Companies.** + + Why? + +\-Have the same interests as shareholders. + +\-Foster a long-term, innovative, culture + +\-Are financially prudent + + **5) How? Easy.** + +Filter by Dir Holdings %, this what percentage of the shares in a company are owned by directors at the same company. Look for over 20% + + **6) Filter for Cash conversion. Why?** + +Investors like companies with strong cash flows because cash flow is less prone to accounting shenanigans than profit. + + **7) How?** Simple. + +Best Ratio to measure this is CROCI Cash return on capital invested (CROCI) is a formula for valuation that compares a company's cash return to its equity. CROCI gives analysts a cash flow-based metric for evaluating a company's earnings. + + I look for over 75% + + **8) Filter for Perpetual recruitment machines**. + + Fundamentally, there is only one true competitive advantage: people. + + **9) Why?** + +Founders retire, patents expire, and brands sometimes falter, but a company will adapt and prosper if it has good people, which is why, the authors claim, the most successful organisations over the long-term set themselves up as perpetual recruitment machines + + **10) How? With ease.** + + Filter on low staff turnover. Companies which hire at low levels, and train staff up often out perform the market. + + **In summary,** put all these filters together and you will be surprised at how few **QUALITY** companies there are to choose from. Give it a go. + + If you enjoyed this then maybe I can tempt you with my Twitter page [/\_JosephWilks](https://twitter.com/_JosephWilks) where I write daily insights on long-term investing like this. +As an investor in US equities I have been frustrated by the rule changes that prohibit the purchasing of US ETFs that do not have KID. One way around this is to reassign as a professional investor with your broker but there are barriers to this and you lose some benefits and protections from being a retail client. + +The decision to ban ETFs under the EU's PRIIPs legislation doesn't make a lot of sense. ETFs have historically been one of the safest ways to invest money - forex markets, CFD's and spread betting are all riskier but they are not prohibited by the EU or the UK Government. + +Indeed one of the major uses of US ETFs is that it can be used to reduce risk by taking a position in many companies through one single product. This often suits retail investors because many of us are not forensic accountants and betting on sectors rather than individual stocks can be less risky. + +Brexit may have presented an opportunity to get this legislation changed. I am thinking about getting together a generic letter which copied by anyone who has been affected by this regulation and sent on to their MPs. Is that something we could work on and promote collectively through this sub-reddit? + +I see four things which are necessary. + +1. A well written letter explaining the benefits of the ETFs and the detrimental impact the PRIIPs legislation has had on retail investors. This would ask the MPs to raise the issue in Parliament through a written or oral question. + +2. A list of MP contact details that everyone could quickly access to send this letter to - this would include politicians at the Scottish, Welsh and Northern Ireland devolved parliaments. + +3. The creation of a UK government petition with 10,000 signatures to get a government response. + +4. A Twitter account controlled by a member(s) of this board which would tweet and promote our cause. + +Grateful for any thoughts. +[https://business.financialpost.com/personal-finance/family-finance/laid-off-at-53-former-manager-wonders-if-seven-figure-savings-will-sustain-a-40-year-retirement](https://business.financialpost.com/personal-finance/family-finance/laid-off-at-53-former-manager-wonders-if-seven-figure-savings-will-sustain-a-40-year-retirement) + +Xpost from /r/calgary + +This guy is right on the cusp of needing to go back to work. Some belt tightening should get him through retirement, but if his savings were just a bit higher, i bet his stress would be a lot lower. Good example of where FI would be a huge benefit. +[Here is the report I made for myself](https://imgur.com/a/85HcV). + +I used You Need a Budget 4 to manually enter every single transaction and also managing my budget. I blew my budget quite often but just having numbers and goals written down helped me to control my finances quite a bit. I also used Mint to compare with my YNAB and to categorize all of the transactions. + +It was a big pain in the ass to do this but i really look forward to the days where i will take an hour or so to reconcile my transactions and make near term plans in my budget. Hopefully this helps you to track your spending and really know what's going on. + +**Edit:** A lot of salt here from people that are upset I don't pay for housing or food but many don't realize I've worked hard in my career to get here and that there are thousands of opportunities out there that do the same, you just need to look for them. Room and board are part of my compensation, they aren't free! If i were making 15k more a year and mailed out a mortgage check every month would that make all of you happier? + +When I lived in California, I was making ~72K for the same job so this is a substantial paycut. The difference, obviously, is that my COL is so low out here. I do, however, trade that low COL for things that you probably take for granted. I live on a small isolated and very remote island, I can't just leave whenever I want to and I can't just take off for the weekend or the night. I literally live thousands of miles from all my friends and family. The availability of goods is very limited and we face shortages often. The internet is very slow and relatively expensive and goods take weeks to make it out here if you order online. My entertainment options are extremely limited compared to a lot of places. I don't pay at the cafeteria but the food quality isn't that great and I don't choose what they make, I eat whatever they decide to make that day. I have to put up with a ton on inane rules that I have absolutely no say in. Sometimes, staring at the same three square miles and seeing the same faces every single day gets a little old. Infrastructure is crumbling, flights are super expensive in and out, my room is only about 400 sq ft of space, etc. etc. + +There are many other good points of living here, which is why I've stayed as long as I have but you can see that there are definite drawbacks to living a lower COL life. + +**Edit 2:** This isn't supposed to be me advocating people live a lifestyle or have a budget like i do, it's me advocating tracking your expenses and analyzing them thoroughly so that you can control where your money goes. AKA read the title +Been looking at ARKK top holding and tried to use basic metrics to valuate Cathie's picks. I know that she pretend that forward looking numbers should increase with time but truly, what is she really expecting from roku, zoom or even shop? For me Cathie track record shows that she has been constantly underperforming. Is Burry right to short the hell out of her? + +Tesla - p/e: 250x p/s: 19x + +teladoc - p/e: -126x p/s: 11.41 (was in the 20s in feb) + +Roku (lol)- p/e: 214x p/s: 21x + +Coin (bought close to ipo valuation, yikes)- p/e: 18.30 p/s: 13.30 + +Unity- p/e: -106x (lol) p/s: 32.53x + +Zoom (fucking lol)- p/e: 117.5x p/s: 31.22 + +SQ - p/e: 235x (lol) p/s: 8.9x + +Shop (lol) - p/e: 78x p/s: 49x + +What is your opinion? Is Cathie a genius or a fraud? + +Personally I believe she got lucky with the market reaction over tesla, she has been surfing on that hype since then, but truly time will catch up on their outrageously overvalued picks. + +&#x200B; + +&#x200B; +In my quest to put things back on track this year and start really saving money again I'm curious how people are affording such lavish toys in this day and age. We have pondered how wonderful it would be to upgrade one of our cars (i30) to something much larger and also buy a caravan for little get aways (both would be second hand). Sadly this is a fantasy however as we really don't have any wiggle room to save that kind of money! Essentially I've found myself a little stuck of late and not moving anywhere fast when it comes to savings. We are a family of 4 with two your children, a 3yo and 1yo. Our income is in the 150-180k bracket and we have the three primary expenses chewing into that at 3k a month mortgage, 1.3k childcare, and 1.2k groceries. The rest is basically spent on bills, etc. We don't live lavishly, usually buy op shop clothing or only ever things on special, and never really eat out at fancy places, or often for that matter. + +Last couple of years have been tough financially as we went back to one wage and chewed our savings up. I suppose this is somewhat expected when having kids but I've always been able to save money and living month to month tends to make me very anxious. I'm curious what strategies others in similar circumstances have put into play to get ahead. I'm 36 and wife is 29. Appreciate any advice here! We really want to start creating some wonderful family holiday memories with our kids so our goal is to make this happen. Cheers. +Via Reuters: + +“The Biden administration is developing plans to quickly spend $52 billion to deal with semiconductor supply issues if Congress passes a bill funding such efforts, U.S. Commerce Secretary Gina Raimondo said on Thursday.” + +So no definite plans, but no deviations noted from previous discussions which gave the nod to INTC, QCOM, and TXN (primarily) as direct beneficiaries of any bill that gets passed. + +Worth keeping an eye on I think of you’re into semis plays. +Via Reuters: + +“The Biden administration is developing plans to quickly spend $52 billion to deal with semiconductor supply issues if Congress passes a bill funding such efforts, U.S. Commerce Secretary Gina Raimondo said on Thursday.” + +So no definite plans, but no deviations noted from previous discussions which gave the nod to INTC, QCOM, and TXN (primarily) as direct beneficiaries of any bill that gets passed. + +Worth keeping an eye on I think of you’re into semis plays. +Your state is probably next. + +How is this going to work? + + [https://www.kansas.com/news/politics-government/article241290866.html](https://www.kansas.com/news/politics-government/article241290866.html) +Just felt the need to post this since apparently - everyone is just blowing up their accounts today and "learning" their lessons. This may be true and some people only learn when they suffer from this but... + +**You don't need to blow up to finally learn to take daytrading seriously.** + +Simplest way to do this: + +1. Risk .1% of your account per trade +2. Prove you can be consistently profitable whilst following your rules +3. Add another .1% to your risk +4. Repeat step 2 and continously add .1% until you get to 1% risk + +You would **need to lose 1000 trades in a row at .1% risk to blow up.** If that happens - maybe this just isn't for you... + +Your **goal as a beginner** is **not to make money** but just to **prove consistency and gain experience**. + +Almost every experienced trader would agree that they were **100x better trader at month 3 compared to what they were at month 1**. Then **100x better trader at month 6 compared to what they were at month 3**. Then **100x better trader at year 1 compared to month 6** and so on and so on... + +So **why risk any signficant money** when you first start **when you don't even know what you don't know?** + +**Size in small, prove consistency, slowly scale up, profit.** + +**Worst case scenario** is that you **never achieve consistency,** but at least you didn't **lose any significant amount of money only risking .1% per trade**. + +Hope this helps. +Hello. Rather than making yet another "where do I start to get a sense of this" post, I'd rather have your opinions first. + +&#x200B; + +My question is simple: is speding time and effort on algorithmic trading worth it for individual investors, as opposed to more traditional ways of trading? + +Here I am not talking about firms with high frequency trading strategies and such - I'm talking about individuals investing their capital by using algorithmic trading. + +&#x200B; + +As it stands I simply don't know if it's worth the effort - so far I've been investing manually and can't complain, but of course one always wants more. + +Does algorithmic trading tipically give individual investors significantly higher returns than manual trading? +28 years old--net worth \~$2.1 million. Earned, not inherited, but I was incredibly lucky...right place right time. + +Nearly my entire NW is in equity etfs, and I don't employ a financial advisor (I understand the irony of saying no thanks to an advisor and then coming to reddit for advice lol). I entered a PhD program so my income has gone down to 35k, which is sufficient to cover my living expenses as I don't live large. When I return to the workforce I essentially plan to coastFI my way to fatFI. + +I feeeeeel like I should be contributing to an IRA, but the $6k maximum contribution limits it's utility as far as I can tell. According to my calculations, if I earn 6% per year and were to be taxed 20% every year on the gain, the next egg will be $9.4 million when I am 60 years old. This compares to $9.5 million if I max out my contribution every year and that portion goes untaxed. + +Is it this simple? Frankly I don't really care if i have 9.4 or 9.5 million when I'm 60. All else equal I'd prefer not to have my money tied up in a retirement account. But I'm not a personal finance wiz. Am I missing something? + +&#x200B; + +EDIT: felt like I had done some research but did not know there was no penalty for early Roth withdrawals and this seems to basically resolve the question--zero downside to contributing to a Roth IRA. Thanks all +Things to keep in mind for tax filing season (with clarifications edit: fixed to record some easy updates). + +1. You have to file federal taxes if you make enough money that you have tax liability, which is generally over about $12,200 gross for regular employment, and only $400 if you are self-employed. You want to file even if made less than this much in order to get back any taxes you had withheld. + +2. Even if you are a dependent on your parents' tax return, you still file your own taxes (or not, if you don't need to); you never file "on your parents' return." The only time more than one person can be on the same return is a married couple filing jointly. + +3. If your state has income taxes, which over forty states do, then you also file with them. Those are two different processes that are largely duplicative, but slightly different rules. If you lived or worked in more than one state during the year, you might have to file in more than one state. Some people also have local taxes, how fun is that? + +4. You never have to pay a fee to file taxes. Most people can file taxes online for free with various web sites if they want to do that, see e.g. the IRS free file program website and other free services, but you can always just file on paper, too. (You laugh, but that's how I do my state taxes.) + +5. Even though you can file your taxes now, be sure you have all the documentation for all your income before you file. You don't want to have to go back and amend your return because you forgot about that other W2 you had months ago, or you forget to include your bank interest or brokerage tax information. + +6. You are supposed to report all your compensation income, even if it was just some part-time gig somewhere, or you got paid under the table. Gifts, loans and most scholarships are not taxable income. + +7. The money you get back is a refund of any excess taxes withheld. (Sometimes there are also refundable credits that increase your refund.) That was money you earned but didn't get yet. Getting a big refund means you didn't get a lot of money yet, generally speaking. You may want to adjust your withholding if you want to get your money sooner but that's up to you. + +8. If you didn't have enough taxes withheld, you need to pay the balance due by April 15th. You can get a payment plan if you need to. If this describes you, then you absolutely need to file because you can accrue significant penalties for not filing and not paying. You should also make sure you have enough withheld going forward. + +9. If you are married, filing jointly will probably save you money vs. filing separately, unless you have a special situation such as income-based student loans. Try computing both ways to see which is better for you. If you are not married, then getting married probably won't change your taxes very much for better or worse unless you have really disparate incomes (and it will help then.) + +10. (rewritten for clarity) Ignore any purported "refund" values shown by a tax program / calculator while you enter parts of your income. You may see a big refund for your W2 that goes away following your spouse's W2, or your second W2. That's an artifact of how the calculation works, and doesn't mean anybody did anything wrong regarding withholdings. Wait to see the final numbers. + +Feel free to ask questions if you are new to this. +My parents bought a house in 1978 for $35k (inflation adjusted that's $135k in today's dollars). Now, 40 years later, they are moving states and looking to sell. The sale price estimates they are getting? $80k to $100k. + +The house is in Oklahoma City, which is growing but where land is basically free so the city just expands outwards, constantly creating nice, new neighborhoods on the outskirts. But the state refuses to invest in anything (taxes are of the devil, you see), so those areas have to watch their schools and infrastructure slowly decay until the lovely neighborhood they raised their kids in turns into yet another ghetto where no one wants to buy. Buyers instead flock to the nice new homes in the outskirts and the cycle continues. + +In 1978 my parents decided to be closer to my father's family in OK rather than my mother's family in CA, and 40 years later that decision is costing them hundreds of thousands of dollars at the very least. + +I suppose there are multiple lessons to be learned, but with so many people here posting confidently about how much their real estate will increase in value, I wanted to throw out a counterexample. It *is* a gamble. Don't count on it completely when making your FI plans. Time in the market may be a cure-all for index funds to counter dips, but the same isn't true for real estate. + +(Another lesson to be learned is that Oklahoma is a shithole not meant for human habitation, a cultural, ecological, and economic wasteland, but that's not very on topic for FI and most of y'all probably already knew that.) +Im 25 years old. Is this a recommended portfolio over a 5 year time period, and then maybe switch to more individual stocks, or just keep goin with the same strategy? Or do you recommend other etfs instead? +Thx +Hey what’s up apes & apettes. + +So I’ve been thinking about this whole situation and here is my theory, backed by little to no evidence. + +1. Why tomorrow is the start of the run up + +I believe that tomorrow is when the marketplace gets unveiled and all the massive partnerships start dropping. + +Why? I’m glad you asked. + +A. As we know, none of the communication strategy under RC is random. RC is out for blood, and he really loves fucking with SHFs on Fridays. This is when the option chain has the highest chance to blow up. My memory is a bit hazy but I believe that the last few run ups were Fridays too. + +B. Tomorrow is the 27th… which is the number of moons of Uranus. Cohencidence? I think not. + + +2. Why tomorrow is only the start + +The whole system will not break tomorrow. But it will show it’s first crack. I expect a 100% run tomorrow. +The combination of FOMO after the launch, RC buying more and Cost To Borrow going through the roof will make it absolutely untenable. + +But as we know, if the MOASS starts tomorrow, getting all these shares back will take many days, if at all possible. + +3. Why this will continue next week + +If tomorrow the option chain blows up, MMs will have to find shares next week, amplifying the ramp up. +So next week, as the price soars and the news about partnerships keep dropping, the price will start getting in the thousands. FOMO will be ridiculous. Everyone will join in. + +4. The share split. +The day after the shareholder meeting, the share split will be executed. + +But you don’t do a share split of 7:1 when the price is $100. Sure, it may force some buyback but… it makes a lot more sense when the price is in the thousands to lower the price so that FOMO continues as people can still afford it! + +So it’s important that the price be very high even before the meeting. + +5. The Executive Order. +That’s happening on the 3rd and that will further fuck the players holding Chinese military shares as collateral. + +Ladies & gents, apes & apettes, dogs & bitches, I think that next week we are ending this. +And it all starts tomorrow. +So I need some advice. + +I get the concept. Spend less, save more, invest in various sidebar investments. I'm working on it. + +But what I don't see is many success stories of people doing it on a normal salary. Everytime I read anything on FIRE, it's always 'I made 186k a year' or 'I'm 20, debt free and making 90 grand'. + +Congrats, and I mean that seriously, but where's the success stories for people on 20k, on 30k. The success stories for people who discovered it later and who earn less. + +When I realise that some people are looking for how to FIRE in the next two or three years and I'm not even likely to finish repaying my debts for another 9 months, it's depressing as hell. And I know I shouldn't be comparing myself to other people's journeys, but by god its hard sometimes. + +Any suggestions on how to avoid this mental trap of despair would be appreciated. +Back when I was young, around 2015. I got into bitcoin, it was amazing, exciting and brand new. + +I immediately saw the utility and value going up, it was enough to make my young eyes glisten. However in my wisdom, I only saw a single use case at the time. I saw bitcoin as a currency, not something to be held and stored. + +I found these 'dark web' stores where you could spend bitcoin and get stuff delivered!?! Amazing. I felt like I was in a thriller movie for a little bit of trees. During my time as a teen, I did this again, and again. I spent 29 bitcoin. At the time, this wasn't much, just my minimum wage job paying me enough to do something with it. + +Here I am, 6 years later. Struggling financially, investing in crypto and just wishing I had held it. $1.6 million USD, what a life changing amount. + +I dont know why I am posting this, but if I could say one thing to each and every one of you it would be to hold. Just hold, don't regret it years later like me. +Today I decided to buy my first stock in Zerodha Kite. Till now I've been investing only in MF. +So I just opened Kite, searched for IRCTC stock, and bought 2 qty with default options without doing any research. +The stock price was around 4800 when I clicked on Buy. So I assumed it would deduct around 9600 rupees for the purchase. But to my surprise only around 4400 inr were deducted. +So I tried finding out what happened and realised that the order I placed was in MIS catagory which is some intraday trading thing. So I immediately sold my 2 shares at around 4700 to avoid anymore confusion for me. + +So I went back to the same window in Zerodha to cross check. When I select MIS, the margin required is around 1000 rupees. But when I select CNC, it shows full stock price of around 4800 in margin required. + +My question: +Why is MIS cheaper by 5 times the actual stock price? +When I immediately sold my 2 shares in MIS at 4700, the loss was around 250 inr. How is this calculated? + +Thanks in advance and sorry if this is too confusing or doesn't belong here. I'm still trying to understand online the correct way to buy stocks on Zerodha. +**UPDATE: I have updated with results on some US stocks in** [this](https://www.reddit.com/r/algotrading/comments/mnhaco/i_have_updated_back_test_results_with_some_us/) **post. Please check.** + +&#x200B; + +**This post is going to be long where I will give gist of my algorithm, my problem and help I need.** + +**My Background** + +I am a graduate in Computer Science and have been working in data management in a company for 10 years. I have been trading in my country's exchange using charts for about 6 years. About a year ago an idea struck in my mind: “Why not delegate this chart reading to a computer program ?” At the time I didn’t even know anything like Algo Trading existed. After trying many indicators and patterns and testing, my results were better than manual chart reading but not par to the level I wanted. After very long into this journey I found about “algo trading” and then I knew what I have been doing for so long already had a name. Gradually I shifted from chart reading algorithm to pure mathematical and statistical algorithm. + +I have been developing trading algorithms for about a year now and lost half of my capital while tuning my algorithm on real market movements. I did back testing and also did a live run after each successful test. After each trade and tune, the algorithm got more robust and I started gaining. Finally I recovered all my losses within a month and doubled the capital in the next. And It’s not from one or two excellent trades. On the contrary, I have seldom made more than 15% on each trade. But out of the last 100 trades I haven’t lost significantly on a single one (did have to exit on breakeven on few). I only go long on trades because shorting is not allowed in our country’s exchange. I am consistently gaining even when the market is correcting. The algorithm just finds the best stock on each loop to give consistent gain. I know this is a big sentence to say but I will go into details. + +**Let’s go into details of the algorithm.** + +**Assumptions and Algorithm** + +After trading by looking at the charts for many years and reading many books, I have updated many "classic assumptions" and settled with the following assumptions. + +1. Chart Patterns, Candle patterns, Divergences etc. works, but for each time it works there is another time it doesn’t work. Probably it works more than it doesn’t but the difference is so low that it’s fairly useless. After you have traded for long, you are trading more on your intuition than those patterns even when you are trading by looking at those patterns. And computers don't have intuition. So I have removed all indicators and patterns. Algorithm just uses mathematics and statistics. +2. You don’t need historical data very far into the past. If something is going to happen to the stock you can see the symptoms in current momentum. You may also see in long historical data but you just don’t need it. You can already see it in the current momentum. I have found that there are few symptoms that are common before every move. Weather the stock has corrected for long time or just consolidated for short span. No matter how the stock behaved in the past, if it is starting new move some of the features are the same. The algorithm is designed to catch it. +3. You don’t need to see the lower time frame charts or wait until the candle is closed to verify. This algorithm just uses daily time frame and applies unitary method and linear regression to check if things are being set up perfectly at the current moment. That way you don't have to look at discrete time frames like 5M, 10M, 15M, hourly etc. Using linear regression and unitary method is basically looking at continuous time frame instead of discrete, in a way. +4. It’s impossible to set a target price. You can never know beforehand what others want to do with the stock at the next price. You set a target and hit the target ? congratulations ! You set a target and didn’t hit ? Ouch! Both are just coincidences. One of them is bound to happen. But you can see new directional power at each price change and act accordingly. +5. Falling Knife is the new breakout. When stock has reached the "classical breakout area" it has already gained quite a lot. Stop losses are only required when you trade breakout. Catching falling knife when it has just started to fall is foolish. This algorithm picks up the knife after it has hit the ground and settled and you can see other people are also trying to pick it up. So you are at the ground with very less chance of falling lower by breaking the floor. Even if it tries to break the floor, you have already known there are others who want to pick it up so you can just get out with breakeven/insignificant gain-loss. +6. Volume is the biggest indicator in the rising market (Because I always go long, I am less concerned with falling market volume. I can research if allowed to play on shorts). +7. Without going into full details of the algorithm, my algorithm uses Single time frame, linear regression, volume,unitary calculations, skewness and kurtosis. I use this algorithm to scan all the stocks every minute. So instead of looking for a perfect setup in a few stocks, algorithm scans for best setup, which is above threshold, among all the stocks. I enter that stock whose setup is best and also the group in which it lies (for eg. Banking or Insurance) have good setup. It almost precludes the stock from falling. Also there is no target. Algorithm marks stock for sell when the upward power is weakened fully. So basically I work on “Directional Power”. The good thing about this algorithm is that you just need the last 21 days' OHLCV and live OHLCV. That’s it. No more historical data. So less processing power required. + +**My Problem** + +I am from a country from where I cannot legally invest in foreign markets. The exchange in my country is severely limiting. Following are the problems I am facing currently + +1. No Intraday : In the exchange I trade you don’t get your stocks immediately after you buy. The settlement is T+2 and you get your stocks after the seller gives his stocks to his broker and his broker gives to your broker and then to you. So you get your stocks after 3 days. Almost every time I buy stocks, it goes up the same day or next day. Some stocks stay up, some come down back and I get only marginal gain. But if I had got the stocks immediately, I could have known that upward momentum is finished and I have sold the stocks. This has severely limited my gains. I have calculated that about 30% stocks i pick comes back after rising rigorously. I could have gained a lot if I got my stocks quickly. +2. Data and API : Also the exchange doesn’t provide API for data and trading. I have codes to scrape data from website. But the website sometimes doesn’t work and sometimes the data lags from actual trading data by more than 10 minutes so it creates a problem. Also I have to trade manually as there is no API for trading. Even though if it had, it would be useless because of the settlement of 3 days. +3. No shorts allowed, so I am limited to only one sided trading. Although I find few stocks that are rising even when the market is falling but this severely limits the power of the algorithm. + +**Help I need.** + +1. I want to test my algorithm on bigger and more algorithm friendly markets but citizens of my country aren’t allowed to legally invest in foreign markets. So I am unable to invest in other markets. +2. I use [Tulip Indicators](https://tulipindicators.org/) and my codes run on NodeJS and I maintain data on MariaDB. I can of course transform them to any other programming language, if given a chance. +3. To run the algorithm in US stock exchanges I need data of at least 21 days historical OHLCV and live OHLCV of many stocks (preferably all). I suppose this is only available after you pay which I cannot as I am not allowed to do that from here. +4. I am eager to research more on this method as it is a new kind of methodology(as far as I know). I know it’s impossible that others haven’t tried and successfully applied, but I also have tested this working model successfully which I want to run on a more suitable market for mutual benefit of me and the company which allows me to. +5. I have searched for any University/Colleges where I can research more on this or any Company which provides opportunity for trying and testing this in the US but haven’t found any. If anyone can point me to the right direction I would love to build a career on this. I think I have something, but I am unable to unleash the potential because of the exchange/country I am limited to. +I have a high rise apartment (1br/1bth) in Miami and it is already listed below market price. I am struggling to find interested tenants. + +I was wondering if this a problem many landlords are facing with the pandemic and how long was the unit vacant. + +Any input is greatly appreciated! +The US Federal Reserve is expected to raise its benchmark policy rate by half a percentage point for the first time since 2000 and formalise plans to shrink its $9tn balance sheet, as it embraces a more aggressive approach to tackling elevated inflation. What will be the consequences of this choice in your opinion? + +From the [latest post]( https://reddit.com/r/Superstonk/comments/ru0ylr/hello_2022_i_have_high_hopes_for_you/) by /u/stopfuckingwithme. + +Serious pep talk here: we need to get that number much higher. [No precise target. Just up.](https://preview.redd.it/i0x2f46ehou61.png?width=692&format=png&auto=webp&s=6900d300e76e9fab204a825227814896013ac250) + +If you haven't DRS'd yet, YOU are the only one who can help us with that. + +Yes it is scary - but there IS still plenty of time pre and during MOASS; you're not going to miss out. + +Yes it is a pain in the ass - but people have written stellar guides that will be applicable to your situation; you will be able to do this. + +Yes it takes time and energy - but remember it's not one big daunting task. It's a couple of smaller and very doable tasks. People have paved the way before you, so you merely need to stand on the shoulder of giants. + +The following things are certain: if you don't lock the shares, you won't get the wares. If you don't lock your shares, those criminals will never get their deserved nightmares. If you don't lock those shares, you won't change the current state of affairs. + +Please, don't be a bystander. Please, don't think that your actions are not important. Please, don't assume that what others do is already enough! + +You are important! You are awesome! You can do this right now! + +If you need any type of help, let us know so we can help you. You're not alone in this, but YOU alone have to make the decision to help out everyone by ensuring you DRS. + +Can I get an 🦧? +Ive spent a lot of time reading this subreddit and almost every week or so, without fail, someone posts something about how their employer is doing something shady, trying to not pay them, giving them bad checks, etc. And everyone here immediately goes to 'call department of labor on their ass! these weasels are stealing from you!'. And I am not suggesting it doesnt happen, but I am here to tell you a short version from the employers point of view. + +My wife and I run a small shop, have 3 great employees and my wife works a ton with them. We tried hiring someone else, immediately saw it was a bad fit, and let her know we werent able to continue her employment. Fast forward a week, we had a problem with our payroll and instead of direct deposit, we had to cut checks for everyone. We immediately emailed her to let her know, told her she could pick it up. She opted for us to mail it to her and the next day, we did. + +Since then, I've been told I am running a scam, I am a con artist, thief, threatened, 2am emails, etc. First it took the post office 5 days to get her the check. Not much I can do. Then it took 3 days for the bank to deposit the check. Again, not much I can do. Everything was our fault despite us trying to help her get her money as fast as we could. + +I dont want to get too far into details and eventually the check cleared, but a lot of people here are quick to start blaming employers for payment issues. Sometimes, things are out of employers hands. Sometimes, people bend their perspective of things where they are a victim and quickly come looking to others to validate their point of view. In my case, there was nothing more I could do to help this person, but I was still the piece of shit who was trying to steal from someone. +Yeah, here we are again. Resole said this morning that a million (or more) is a statistical anomaly, and he's right. Does it mean that it won't happen? No, it does not. It means that the odds are super low. That's just how numbers work. Technically, if it's a number, it's possible. Probability is the difference. + +Debating whether it will or it won't really isn't the issue here, and in time we will know. I'm certain that rensole (see? It's possible to type his name without tagging him needlessly!) would love it to. + +The issue is that it will be used by HF shills to try to divide us again. It's worked before. We let it. Will it work again depends on if we let it again. + +Keep focused. We all can have different beliefs if we all have the same goal, which should be to extract maximum value from our investment. + +Relax and HODL. +I have so many questions to ask about schools, especially in Silicon Valley. + +Things like: private schools, pre schools, nanny, language immersion schools (Korean and Mandarin), etc. + +But I don't know which forum to ask such questions. Basically, where do fatFIRE parents hang out? +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! +Hey guys, my brother and I decided to open a new youtube channel, hopefully we can share some of our investing knowledge. In the video below we talked about Peter's claim, where he thinks investors could beat professionals by investing in things they have information of from their day to day experience. + +Would love to hear what you guys think about Peter's claim. I Would also love to hear personal stories of succesful investment ideas you found by using this method. + +https://youtu.be/S6FUqWjcUFU +What is the difference between free cash flow in the cash flow statement and cash and cash equivalents in balance sheets. + +If cash flow statement is the movement of money shouldn't the amount of free cash floww be the same as cash and cash equivalents? +Now I'm not saying don't sell cash secured puts, I'm saying don't hold the cash after you sell the puts. Instead, use that cash to buy near NAV SPACs. + +For those who don't know, SPACs are blank check companies whose purpose is to bring a private company public via reverse merger. The important thing to know for this strategy, though, is that the money raised by SPACs is held in trusts. When a SPAC finds a company to merge with, shareholders get to A) vote in the merger, and B) are able to redeem their shares for cash at NAV (net asset value). For almost all SPACs, NAV= $10 + a small amount of interest that accumulates offer the life of the trust. + +This effectively creates a hard price floor of $10. While they can and occasionally do fall below this, it is rare and the share price never stays there for long. During the crash in March, some went to like $9.50, but pretty much all recovered back above $10 within a couple weeks. + +So, the point of all this is that near NAV SPACs have extremely limited risk. If I buy a spac at $10.20, my maximum downside is 2%, if that. On the other hand, their upside is limitless. One was up 15x from $10 at once point. This makes SPACs the perfect cash park. + +By buying SPACs with the cash you were using to secure puts, you expose yourself to the daily potential for 20-30%+ gains if you get lucky and a merger is announced while you're holding a specific SPAC, with the aforementioned marginal downside risk. + +If you get assigned on your puts, you can simply sell the SPACs you bought and wheel the assigned shares like normal. Maybe you lose a few dollars on the SPACs here and there, but usually you'll make a small profit, and occasionally you'll make huge profits. Some weeks you'll make more money from theta gains, some it'll be SPACs, but the point is you'll be earning from both as opposed to just one, all without really increasing your risk levels. + +This strategy technically uses margin buying power, but your cash balance always stays positive, and you aren't charged margin interest. + +Disclaimer: not a financial advisor + +Edit: r/SPACs is a great resource and the mods generally do a great job + +Edit2: it appears this strategy won't work with all brokers. I use Webull (options level 3) and it works exactly as I described without being charged any interest for margin, and there's the added benefit of 0 options fees (and that's really for everything $0). +[https://www.bloomberg.com/news/articles/2019-12-04/warren-is-drafting-u-s-legislation-to-reverse-mega-mergers?srnd=premium](https://www.bloomberg.com/news/articles/2019-12-04/warren-is-drafting-u-s-legislation-to-reverse-mega-mergers?srnd=premium) + +&#x200B; + + + +U.S. Senator Elizabeth Warren is drafting a bill that would call on regulators to retroactively review about two decades of “mega mergers” and ban such deals going forward. + +Warren’s staff recently circulated a proposal for sweeping anti-monopoly legislation, which would deliver on a presidential campaign promise to check the power of Big Tech and other industries. Although the Trump administration is currently exploring their own antitrust probes, the proposal is likely to face resistance from lawmakers. + + + +According to a draft of the bill reviewed by Bloomberg, the proposal would expand antitrust law beyond the so-called consumer welfare standard, an approach that has driven antitrust policy since the 1970s. Under the current framework, the federal government evaluates mergers primarily based on potential harm to consumers through higher prices or decreased quality. The new bill would direct the government to also consider the impact on entrepreneurs, innovation, privacy and workers. + +Warren’s bill, tentatively titled the Anti-Monopoly and Competition Restoration Act, would also ban non-compete and no-poaching agreements for workers and protect the rights of gig economy workers, such as drivers for [Uber Technologies Inc.](https://www.bloomberg.com/quote/UBER:US), to organize. + +A draft of Warren’s bill was included in an email Monday from Spencer Waller, the director of the Institute for Consumer Antitrust Studies at Loyola University Chicago. Waller urged fellow academics to sign a petition supporting it. He said Warren was working on the bill with Representative David Cicilline, the most prominent voice on antitrust issues in the House. Waller declined to comment on the email. + +Representatives for Cicilline and Warren declined to comment. The existence of the bill and Warren’s support of it were [reported earlier](https://www.theinformation.com/briefings/129fbf) this week by the technology publication the Information. + +In Washington, there is some support across the political spectrum for increased antitrust scrutiny of large technology companies. Warren positioned herself as a leader on the issue this year while campaigning on a plan to break up Big Tech. She has repeatedly called for unwinding [Facebook Inc.](https://www.bloomberg.com/quote/FB:US)’s acquisitions of WhatsApp and Instagram, along with Google’s purchase of YouTube and advertising platform DoubleClick. + + + +It’s not clear when a bill would be introduced or whether it would move forward in its current form. Cicilline has said he would not introduce antitrust legislation until he concludes an antitrust investigation for the House Judiciary Committee in early 2020. + + + +Amy Klobuchar, a Senator from Minnesota who’s also vying for the Democratic nomination, has pushed legislation covering similar ground. Klobuchar plans to introduce additional antitrust legislation soon, according to a person familiar with the matter who wasn’t authorized to discuss the plans and asked not to be identified. + +Any proposal would face significant hurdles to becoming law, and Warren’s version could be particularly problematic because it promotes the idea that antitrust enforcement is equivalent to being against big business, said Barak Orbach, a law professor at the University of Arizona who received a draft of the bill. “The way I read it is that Elizabeth Warren is trying to make a political statement in the course of her campaign,” Orbach said. “It’s likely to have negative effects on antitrust enforcement, so I just don’t see the upside other than for the campaign.” + +The bill proposes a ban on mergers where one company has annual revenue of more $40 billion, or where both companies have sales exceeding $15 billion, except under certain exceptions, such as when a company is in immediate danger of insolvency. That would seemingly put a freeze on many acquisitions for [Apple Inc.](https://www.bloomberg.com/quote/AAPL:US), [Alphabet Inc.](https://www.bloomberg.com/quote/GOOGL:US), Facebook, [Microsoft Corp.](https://www.bloomberg.com/quote/MSFT:US) and dozens of other companies. The bill would also place new limitations on smaller mergers. + +Chris Sagers, a law professor at Cleveland State University, said the proposal would serve as an effective check on corporate power. “I don’t think you’ll have new antitrust policy until Congress says the courts have incorrectly interpreted the statutes,” he said. “Someone has to do what Elizabeth Warren is doing.” +I've seen a lot of misunderstanding across about the effect of rates on equities, so I figure I'd hop off of WSB to give an explainer about the relationship between stocks and interest rates, and show why the current sell off makes sense. + +**Where do interest rates come from?** + +Money has time value. Money today is usually worth more today than money tomorrow. How do we measure the time value of money? Interest! When we loan money out, we demand a return. What goes into an interest rate? There are 3 primary factors: + +1. \*What do I think inflation is going to be?\*Say you estimate inflation to be 3% and rising, you'll demand a far higher interest rate to protect yourself. +2. \*How risky is this loan?\*Your lend to a group of risky businesses, you might jack up interest rates to make sure if one goes under, you'll make your money back from the rest +3. \*How much is everyone else willing to lend for?\*You'll need to compete with other lenders which helps determine the final interest rate. + +**US Treasuries: King of Bonds** + +So US government debt is considered primo with near 0 risk of default. The rates on US government debt determines whats known as the *risk free rate*. + +The US issues debt at several different maturities from weeks, to months, to years. If we line up these interest rates, we get what is known as the [yield curve](https://www.gurufocus.com/yield_curve.php). + +To reiterate, these rates are determined by the market and are manipulated by the Federal Reserve, which attempts to intervene in the market to get rates to its targets. When the Fed comes out and says it wants rates to stay near zero, this one of the ways they do it. + +And this is exactly what happened during the corona crash, interest rates went to zero across the curve. + +**How to Value a Company** + +Let's say we have two companies. $BRR and $GRO. Let's say we're certain of their future cash flows. + +* BRR is runs a money printer and makes $10M a year. +* GRO is a growth stock that's expected to make $100M a year in a decade. + +How do we value these two companies based on cash flow alone? For simplicity, let's only look at the first 10 years. We need to determine the present value of the money the company makes in the future. + +What is money from n years from now worth today? money / (1 + risk\_free\_rate)\^n. So we can represent todays value for 10 years of cash flow like this: + +Let $$$ Year X be the money we *know for sure* (i.e. the certainty equivalent) the company will make in year X. Let r be the risk free rate. Then we can model the value of the company roughly as follows: + +Value = ($$$ Year 1) / (1 + r) + ... + ($$$ Year 10) / (1 + r)\^10 + +**How Rates Affect Value** + +So which company do you think is worth more? BRR or GRO. + +Well that depends on the interest rate! Let's say interest rates are at 0 or near zero. Their valuations taking no other factors into account are nearly the same: $100M. + +Now let's start cranking up the interest rate slowly to see what the current valuation is. + +&#x200B; + +|r|BRR|GRO| +|:-|:-|:-| +|0.0%|100M|100M| +|0.5%|97M|95M| +|1.0%|94M|90M| +|2.0%|90M|82M| +|4.0%|81M|67M| + +***As interest rates go up, the company that depends more on future earnings (GRO) is getting whacked. A move 0% to 2% knocks off almost 20% in one shot.*** + +**So why the fuss all of a sudden?** + +Stocks went flying higher under the assumption that the fed would remain dovish, work to keep interest rates low, and would not be able to produce inflation over 2% if it wanted to. For a lot of reasons, people were betting that if that inflation would appear any were it would happen farther out in time near the 30Y. Given they figured the 5Y would stay low, and the 30Y would go high they shorted the 30Y bonds and went long 5Y. However, 5Y and 10Y treasury yields suddenly spiked making everyone ask whether inflation would come sooner and faster. People hoped the fed wold say something to alleviate this, but instead Powell had stated in September that he's fine [with inflation running hot over 2%](https://www.brookings.edu/blog/up-front/2020/09/02/what-do-changes-in-the-feds-longer-run-goals-and-monetary-strategy-statement-mean/) (which no one seems to have believed) , and the fed today reiterated its not going to do anything about it in the short run. Hence, yields are still rising and equities are continuing to fall. Add to this all the froth and speculation, a 20-30% correction makes a lot of sense in overheated names. + +**Caveats about the analysis above** + +1. The interest rates in this analysis are made up but the point still stands. +2. BRR is actually a better play since the risk free rate for earlier years will likely be lower than those farther out in time. +3. You shouldn't stop counting after year 10. You in theory can go out to infinity, and if rates are near zero, valuations for a growth company blow up too. +4. In most discount cashflow analysis, you don't use the risk free rate instead you use a discount rate specific to the company that takes risk into account for that company. In this case, it's fine to use the risk free rate since we assume we somehow know exactly how much the company will make (certainty equivalent). In the real world, we predict future cash flows by licking a finger sticking it in the air, and guessing which way the wind will blow. + +**Inflation! Waddabout gold?** + +If treasury yields stay above inflation, gold prices fall. That's because it's better to own a sheet of paper with a yield than a rock. Gold will only benefit if the Fed works to suppress rates farther out on the curve. This is why [the price of gold is negatively correlated with real interest rates](https://www.sunshineprofits.com/gold-silver/dictionary/gold-interest-rates/)*.* +Does anyone else find the timing of the Morgan Stanley downgrade today a little fishy? They site “lack of near term catalysts” hours after HBO Max reached a deal with Roku? I’m buying this weakness because I don’t think this downgrade is genuine. Am I missing something here? +Currently trucking is 3 times more expensive than rail because of human drivers, but once autonomous trucking comes along, I can only imagine that railway becomes more and more obsolete, especially if they aren’t investing in high speed rail, am I missing something? +I am not an economist. I have no idea what I’m talking about. I would say that I have a pretty solid econ 101 understanding, which probably means I think I know more than I actually do. But to say that I have a grasp on the literature, would imply that I know what “the literature” means. + +So here I am, looking to be set straight by people who know what’s what! + +---- + +**My Understanding** + +Basically, it makes intuitive sense to me that having/raising the minimum wage would negatively affect teenagers the most. Here’s my train of logic: + +* People (and certainly businesses) are generally self-interested (as they perceive it) and respond to incentives. +* If you raise the price of something, people generally consume less of it, labor included, but demand for labor isn’t completely elastic or inelastic. +* There is no set supply of "jobs" in the world. +* The minimum wage can correct for some monopsony effects. +* Measuring the effects of the minimum wage is hard because it affects a small sliver of the population and also because it’s hard/impossible to measure what might have been, if that makes sense. There is also usually survivorship bias affecting things. +* It also barely affects the overall unemployment rate because of how few people earn the minimum wage. +* The people predominantly earning the minimum are young workers ostensibly because they are the least skilled and are the most risky hires for businesses (by being unproven & untrained), so the price at which employers would be willing to transact is lower than the minimum wage. + +Ipso facto, this would all predict that having a minimum wage would increase teenage unemployment. Which as far as I can tell, is a true statement. From the St. Louis Fed: + +* [Overall teenage unemployment rate 11.9%](https://fred.stlouisfed.org/series/LNS14000012) +* [Black teenage unemployment rate 22.6%](https://fred.stlouisfed.org/series/LNS14000018) + +Those rates are clearly declining with economic growth, but are still radically higher than the overall unemployment rate. + +I suspect that most of us would agree that having idle teens with no legitimate prospects for earning money and gaining job skills likely results in some pretty suboptimal outcomes. + +Ipso facto, the minimum wage, while nice and compassionate in theory, has some pretty deleterious effects and perhaps hurts more than it helps. + +---- + +Again, I am unlearned and probably suffering from the Dunning-Kruger effect, so please set my thinking right. + +Thank you for your time! +I’m worried that when/if the country (Australia) goes into lockdown we will be kicked out of our homes because we couldn’t work to pay the bills after the pandemic is over. Surely there would be some type of pause on rent atleast? No way can even half of my country just pay outright for rent when it’s due. Can anyone offer any insight? +Original post here: [https://www.reddit.com/r/AusFinance/comments/d3zpwa/sister\_bought\_car\_she\_cant\_afford\_not\_even/](https://www.reddit.com/r/AusFinance/comments/d3zpwa/sister_bought_car_she_cant_afford_not_even/) + +Figured I should post an update since some people were asking what eventuated. + +As a quick summary for what happened: + +* Sister \[19\] went to a car dealer who managed to convince her to buy a 20k car (not financially-savvy, didn't know about interest on loans, and dealer convinced her she could pay it off for $50 a week or so). She had no other savings and only a casual job from which she doesn't even earn enough to pay tax, plus most of it goes to rent (so even $50 a week probably wasn't doable). +* She traded in her old car (totalled) and put down deposit of around 2.5k. She signed a few things. She was given the car (this is all on the same day - has not even applied for a loan). +* I found out about this about a week later and basically told her to return it and get her stuff back. +* Dealer was a pain and lied about many things. Some examples: + * Claimed they had already sold her car she traded in so they couldn't give it back (we later found this to be false). + * Claimed the new car was legally under her name and she 'owned' it, and if she didn't pay for it or give it back (without getting back deposit and old car) they would call the cops and claim it as "stolen". (???) Also found to be false, she never signed anything from what I saw regarding any transfer of registration. + * She asked to be given all documentation that she agreed to. They kept saying they emailed it but they never did. After several days of calling over and over she just went over there to get it physically. They gave her a page which she had signed - "Offer to buy x car" (and right to 1-day cooling period was waived) - without the terms, conditions etc. which she signed to. She asked for the rest of the documentation and they insisted this was EVERYTHING. (clearly wasn't). + +She tried to go to a bank to get some proof that she couldn't afford a loan, but she didn't even meet the criteria to APPLY for a loan. The dealership kept telling her she HAD to buy the car, or trade down. Or she could get a loan with them for around 10k for a different cheaper car. + +Eventually they realised it wasn't gonna happen. They called and said: "We'll give you back your old car (??? thought it was sold? and deposit) if you give back the new car. + +We went there and they said they'd already sent the deposit, it would arrive in a few days. I didn't believe it for a moment. I didn't want her to give the car back until she got the deposit in her bank. The man talking to her manipulated her, trying to establish trust with her by speaking with us in our background language and trying to build rapport which was clearly fake. We asked him for some written statement or proof she would get it back but he refused, apparently feeling insulted we didn't "trust" him (lol). I wish we never gave back the car until we got the deposit but regrettably we did; they were so manipulative, aggressive and pushy. I was probably the worst person to go with her, being shy and non-confrontational. She had also gotten into a big argument with one of the managers about it as he said she may not get the full deposit due to admin fees getting taken out of it, and he threatened again to call the cops for the "stolen" car after she started shouting at him. This left me more stressed and anxious.. + +So you guessed it. She returned the new car, got back her old car. SHe didn't receieve the deposit after a few days. She called them up and they said, "No, you signed some terms and conditions, you won't get it back." So looks like they lied about having already sent it. + +At this point she basically gave up. + +Personally, I was so angry at the ordeal that I wasn't going to let it stop there. Yes, my sister made a stupid mistake from ignorance. I also contributed to the mistake of not stopping her from giving back the car without receiving the deposit first. I felt we had no power, especially with him threatening to call the cops, and I still had no idea what she had signed/agreed to since they still have never given any of the documentation except for the "Offer to buy". Regardless, I felt everything that happened was so unethical and I didn't believe that they could actually keep the deposit. I believed they were withholding the documentation regarding this, again to lie about it. + +So I decided we should post a review about this on productreviews, hopefully to draw some attention from a representative. I realised there was an option to mediate before posting the review. So I highlighted all the lies and unethical things that occurred, and noted we were going to lodge a complaint to ACCC (we actually did call them for advice, but it hadn't been very helpful). + +**A representative got back to us, and sent back the deposit. Just like that.** + +I still don't know what my sister had signed to other than "Offer to buy". I think the car should not have been given to her, and deposit not accepted, without a pre-approval for a loan. The way everything was done was not right, and I hate that they took advantage of her naivety. I think she's definitely learned a lesson from this. + +**edit:** Also I just wanna thank everyone who posted advice on the original post. Honestly I have next to no knowledge on dealerships/cars and the legalities behind it all. I'm appreciative that most comments were constructive and helpful. My sister and I did not really have anyone to go to about this. Also why I was the one to accompany her. My sister and dad don't talk/have no relationship, so the help he could give was limited. I am almost a parent to my sister in that I give her guidance and help in life, since my parents cannot and aren't in good situations themselves, but I'm 22 myself so my knowledge and experience is minimal. +I have a question about etfs, I've been saving money to buy a house for the past few years and hate the idea of having a mortgage so I've been stock piling cash so I could maybe potentially buy one with cash and be debt free, with the way the economy is going though it's almost stupid to hold money in cash from what I hear, so recently I threw a lump sum into xeqt and still transfering over more money from my bank tfsa into my wealth simple account , my question is how does it work with etfs, since there all in equitys I'm sure the etf itself could never just go to zero considering the price is based off the performance of how the stocks held are preforming, is it risky holding all ur cash in on etf like xeqt or is it fairly safe considering the diversification, I know theres corrections and crashes in the market and overtime those almost always have recovered in history, is it smart to be holding all my money like this I know I want to buy a house eventually but u really dont have a time line and not really in a huge rush to do so I just hate sitting there watching my money depreciate in value +seems places in the midwest you don’t need much more than $4-5m (excluding home) even with multiple kids barring expenses like health issues and private schools. Even with those, $160k a year seems very easily doable for a family of 4 or 5. + +Being single it seems that money would just go towards upgrading to a new car every year / vacations and other random stuff. + +Any fatties in the midwest who can chime in on their lifestyle and expenses? +Wondering if folks who have moved or considering moving from high cost tax state to places like Florida specifically South Florida and how has been your experience, better or worse? + +Do you find it beneficial from a lifestyle, people, politics, weather, connectivity, infrastructure etc. and not just tax savings perspectives + +Thoughts? +It seems like everyday, there's a media talking head laughing at cryptocurrencies by saying it's "magic internet money" that doesn't really exist in the real world. They are telling us that BTC, ETH and such are basically worthless because it doesn't have a physical existence and are not backed by a government. + +Well, those people conveniently forget that fiat money doesn't exist, either. Well, most of it. + +You see, banks are allowed to leverage their holdings in what is called the fractional reserve banking system. If you deposit 100$, for example, they only keep a fraction of that money in cash (let's say 20$), and they use the remaining 80$ to generate yield, generally by lending. What that means is, if every customers of the bank tries to cash out in a short amount of time, **the money won't be there, because it's been lent and doesn't exist anymore**. + +When you deposit cash in a bank, what you get in return is basically a glorified IOU. Should the bank get into trouble, your cash could very well disappear. + +Now, of course, the governement can intervene to prevent such bank runs. But it's always in the favor of the rich. That's what happened in 2008-2009 : the fat cats got bailed out, while the ordinary citizens went into bankruptcy. And it only works in stable countries ; when you live in a failed state, the government won't help you in such a crisis. + +Compare that with crypto. If you are in control of your keys, and assuming their are not compromised, **nobody** can access your funds without your permission. Not the wallet devs, not the government, not the DEX. Nobody. **You are in full control, and you will still be in control even if the governement of your country collapse**. + +In that sense, I think that cryptocurrencies are actually more real then fiat money. Decentralised networks are much more resilient then centralised authorities, and therefore are more likely to survive in the long-term. + +I think we still got a few years ahead of us before the mainstream media catches up with this revolution. Until then, I will accumulate as much as I can. +Gloom and doom everywhere else, figured I'd ask what you added/ are going to add shortly + + +I added a 5% position into WPC. long term hold. After the last post, I liked the diversification vs O heavy retail exposure. + +A small punt on IRM. Debt is worrisome but India deal plus specific sector makes it unique. + +Going to wait a bit and average down on QYLD when the knife stops falling. I wish I had waited further to buy the dip on this one. Still feel good about the holding but I had just expanded its % to 10% last week. + +T as a defensive play. + +Maybe NUSI if the price is right. KO if the market tanks. + +I stay out of mlps and gas but man there's some bargains there lately too. + + +How are you making out? +# + +https://preview.redd.it/523uhwb15fu71.png?width=1280&format=png&auto=webp&s=f3dbe447961264293e86a40bfe4a155d435bd22f + +# Introduction + +This is a technical analysis post and I know there's many of you that don't give a fuck about it, so to make it short and sweet, moon is very soon (again). But I suspect next week. If you want to know why, keep reading... + +So you may know me as the ape that only appears when there's a good reason to. I try not to make the mistake of constantly posting TA which doesn't really mean anything, only to post when I know we're about to moon. + +Here's my previous post which predicted the AUG 24th bull cycle: [The Greatest Stock on Earth: Part 2](https://www.reddit.com/r/Superstonk/comments/p3m9m3/the_greatest_stock_on_earth_part_2/) + +I also have a very good track record if you care to view my other posts. + +The signals that I look for are very much the same, but I have scrapped any kind of drawn in 'trend lines' and the 'Elliot Wave Theory' as they are easily fallible due them being made by a human. I only use the algorithmically generated indicators as they are the most accurate form of analysis, in my opinion, as they are calculated by a computer. + +*As always this is not financial advice and I will not be held accountable for your own financial decisions, the stock movements happen beyond my control and are not influenced by me in any way.* + +# Charts + +Here's what's happening. + +[FAST EMA \(Exponential Moving Average\) Daily Timeframe](https://preview.redd.it/ytmbm4njseu71.png?width=2307&format=png&auto=webp&s=01f6d3ca817a6264c32fb526b4b2c00fc02ee652) + +Here we have a crossover of the fast EMA indicators. I use 8 & 14, 8 being the green line and 14 the red one. (Trying to make this as simple as possible to follow). This crossover is very significant as it shows the break of the previous bearish consolidation and foreshadows an incoming bullish push. + +I have marked out every time we saw these indicators crossover, so you can see their significance. + +[FAST EMA Crossovers Daily Timeframe](https://preview.redd.it/rdkhdrxk1fu71.png?width=2308&format=png&auto=webp&s=d0748c0dfae94a3e4daf1d46f6d6fa4c33b2b2bb) + +As you can see, they do not always result in a bull run, but this is most likely because other indicators were not correlated at that time. + +But let's not stop there, we can't just rely on one indicator. + +[SuperTrend Daily Timeframe](https://preview.redd.it/d1tx0kiwweu71.png?width=2304&format=png&auto=webp&s=d037d23aa99faad325c9c6b5ddede28972ddcc5b) + +Here we have the SuperTrend indicator, this indicator gave a 'buy signal' on AUG 24th and has remained as a buy signal ever since. The price did come close to giving out a 'sell signal' when it was in the $166 area, but it held as a support level. + +*A super-trend indicator is plotted on either* ***above or below the closing price to signal a buy or sell***\*. The indicator changes colour, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.\* + +Basically, it can determine where people put their stop losses (not saying you should use one), usually banks/institutions will trade off of these buy/sell levels if they are broken or they will close out positions to mitigate losses. + +This indicator remaining as a buy signal means that we have only ever been in the bull cycle since AUG 24th. It may seem like we have been bearish, but we never actually entered a bear cycle. We have been bullish this entire time and we're about to break the previous high that resulted from the AUG 24th bull run which is $231.44. I'm expecting this to go to $300+ again. + +&#x200B; + +[MACD \(Moving Average Convergence Divergence\) Daily Timeframe](https://preview.redd.it/k1ia6dkkxeu71.png?width=2310&format=png&auto=webp&s=aa38a28b65a1cf4559ac2b0e1b87be62f30223aa) + +Here we have the MACD crossover, you're all most likely familiar with this indicator, so it needs no introduction. I am very confident that this crossover is legitimate and not a false signal as what we have seen in the past. Only because there are other indicators that have given a signal that confirm this. + +MACD is bullish. + +&#x200B; + +[sRSI \(Stochastic Relative Strength Index\) Daily Timeframe](https://preview.redd.it/c2qb0quiyeu71.png?width=2306&format=png&auto=webp&s=f8825ad53cc15c1172bc13d00aa5a1289b861708) + +The sRSI is currently overbought, but this is very bullish because each previous significant bull run we had, the sRSI was already overbought, so this is in a great position for the coming massive green dildo we're about to see. + +&#x200B; + +[ DMI - Directional Movement Index - DMA - Displaced Moving Average - Daily Timeframe ](https://preview.redd.it/2qejepphzeu71.png?width=2317&format=png&auto=webp&s=6b3491c9252c9bb45f20f3c186e944c824fff688) + +Heavy hitter DMI gave a signal yesterday (10/18), this made me jacked as this is one of the main signals I look for, but it has to be in correlation with the DMA. The DMA gave a signal TODAY (10/19), so this has made me 100% jacked. + +On the DMI, the price first had a bullish signal on December 21st 2020, this would eventually lead to the massive price swing of January 2021. The signal was the DI+ crossing above the DI- and the ADX beginning to push upwards = ***BOOM***. + +The same can be seen on February 16th with the ADX pushing upwards and the DI+ crossing above the DI- on February 24th - ***BOOM***. + +Again, we see a similar signal on May 20th with the DI+ crossing above the DI- and the ADX pushing upwards on May 24th - ***BOOM.*** + +AND AUG 19th correlation which saw the DMI crossing after the DMA, which caused a push on AUG 24th - ***BOOM.*** (Although this boom isn't over, the bull cycle from this boom wasn't invalidated). + +# Final Comments + +I am 100% certain that we are about to see a moon again. Hoping that this time we see the MOASS, but we can only buckle up, strap in and hope for the best as we all know the kind of fuckery that they're capable of at this point. + +All I know is that we're about to see a massive green dildo and Kenny is one more step closer to being in prison. + +https://preview.redd.it/d8vt59ku4fu71.png?width=696&format=png&auto=webp&s=2b0d832e25c691595524b9189f6d926bbd4539c0 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +# EDIT 10/23/21: + + +I have seen some of you concerned with the price action from Thursday and Friday and whether this post is still valid. + + +# My answer to your concerns is YES, this post is still valid. + +The stock price would have to drop significantly for it to invalidate the signals expressed in this post. Therefore, my prediction for next week, or at the very latest, the beginning of the week after is still very much in play and I am expecting bullish movement in the stock very soon. The only dilemma you should be facing is whether the run is next week (which I think it will be) or the week after. + + +I hope this alleviates any of your concerns. I get that you may be unsure or on edge, but this is exactly what they want you to feel. + + +Remember, just before the AUG 24th run, they dumped the price $20 then as well and I received similar concerns then too. But we are still on to see a massive green dildo! All I can say is that the price action we saw the last 2 days is nothing 'short' of panic. I am actually even more bullish now after they showed their hand so easily after the bull signals were corelated. It's actually quite sad in retrospect. + + +So, really, the question you should be asking yourselves is how much hair is Kenny going to be losing in the coming weeks. Pretty sure you could land a plane onto his receding hairline! + + +# In conclusion, I'm still bullish, if not MORE BULLISH. + +# 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; +Net profit of 525 crore in Q1 2020. + +Earnings Per Share of Rs 54.50 => around Rs 216 for a year. + +P/E > 75 (16500 / 216) + + +https://www.bseindia.com/xml-data/corpfiling/AttachLive/7d292e2e-63b3-4985-b430-2f485174d339.pdf + + + +Comparing with other companies, ITC profit after tax is Rs 15085.97 crore while Nestle is Rs 2031.32 crore. But ITC market cap is 200,000 crore, and Nestle's is 160,000 crore, despite ITC posting 5x more profit than Nestle. + +Maruti suzuki with profit after tax of 6183.30 (3 times that of Nestle) has a lower market cap of 149,000 crore. + +Is this sustainable or some kind of bubble? Why does Market value Nestle so much? + +I am looking to invest as it has good corporate governance but the price seems unreasonably high +I am interested in getting into coins rather early to see some nice gains. Currently I'm in Raiblocks and Xtrabytes. Please let me know what you guys are eyeing, I'd love to research them and possibly invest. Thank you. +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! + +*Throwaway account* + +Hi all - it was always my goal to get to $1M by the time I was 30 (4 months late to my original goal, but meh...). I've been looking into the FIRE movement, and while neither my wife and I are super interested in the RE part, we certainly want to make responsible financial decisions to be FI. And now I'd like to make a goal for when I am 40. + +Some NW stats: + +* $160k - 401k +* $110k - primary residence equity +* $600k - brokerage accounts + * 70% is my company's stock. Working to reverse DCA and diversify this more. + * We both work in tech (me at a startup that's succeeded, her at an established company), and my company's ISOs have certainly helped us get started. +* $85k - cash + * Looking to get some real estate for income, but then COVID happened. Sitting on this for now and DCA'ing into the market. Still want to do this, but prices haven't fallen as expected. +* $45k - alternate assets + * A couple of hobbies of mine are watches and collecting precious metals. These can all be pretty liquid, so I tend to count them in the number. + +Other notes: + +* Income has been steadily increasing and is \~$400k the past two years, $120k of which was stock vesting. +* We live in a HCOL and have a pretty poor savings rate by the standards of the FIRE community, about 25-30%, but we've always kept monthly tabs on our finances and are satisfied by the rate of growth we are seeing. + * I also don't mind working, I like what I do and while there is burnout from working 80-100 hrs/week occasionally, I am motivated by the work. + * We also want to enjoy life. We love to travel and be blown away by the experiences we've been fortunate enough to have. This habit definitely pushes out when we reach our FI number, but enjoying life along the way is worth the delayed gratification to us. +* Have one baby now, planning on two more in the next few years, so any FI would need to be a significant number +* The fatFIRE number in my mind is $6.425M, which I think will allow for \~$200k of annual spending coming from passive income that I'd feel comfortable with. + +The main reason for my post - for those in similar situations, at which point do you start focusing on the income produced by your capital? I'm thinking my goal in 10 years should be driven by the amount of passive income I can make from stock dividends and real estate, instead of a NW number. However, I don't want to make stupid decisions given my age, and sacrifice an attractive yield for growth that'll be worth a lot more decades from now. + +My current thought for my goal to my 40 y/o self is: $8k monthly income from stocks, $10k monthly income from real estate. Not sure if this is realistic, but I didn't think I had a chance for $1M by 30. + +Does anyone have any feedback on this plan? + +Thanks for reading! +Long time listener, first time caller....throwaway account yada yada. Needs some high level advice and pointing in the right direction. + +51M married, two kids in college, live in NorCal with very high cost of living. Will need to stay here I’m the short term for work / college, but likely to move somewhere much cheaper in the future. + +I’ll save the “how did we end up here”, but here is the situation. + +No property currently owned +No investments or stocks + +Current income currently covers all monthly bills, rent and living expenses with very little to spare. + +I’m covering all of my kids college costs, but they are not substantial and they are both living at home still. + +$230,000 in savings in the bank + +$14,000 in an IRA (7k contribution for 19 and 20) + +$450,000 in various 401k’s + +No investing experience to speak of, but I am currently learning the basics but have always been wary of the stock market. Have also been given lousy advice on products in the past, so also wary of financial advisors (high commission products recommended etc). + +Would like to get back on the property ladder in the next 2 years, but would realistically need a more substantial deposit. + +Need to figure out some sensible options for trying to make the money work harder than simply sitting in the bank as I wait for work bonuses to help top up available cash for a deposit. + +On top of that, I want longer term options to help accelerate retirement if possible. +Right now I (29F) am trying to save up 20% down payment for our future home and also possibly the wedding cost. +Currently I can save approx. 1k a month after my 401k and Roth (about 25%) and all other payments. +And now I already have about $23k in HYSA. + +The only debt I have is the car loan, but since it was 0% interest, I think I am not in the hurry to get rid of it. + +I think I had read somewhere in the subreddit saying that if you need the money in 5 years or so better not put them into investment. +But I wonder should I use a small portion of it ($200-300 a month) to open some kind of taxable investment account do more investment to help me get closer to my goal. Or is that amount too little to do any kind of investment? + +I think I'll get to my goal in 3 years or so without doing anything else anyway. +But I am just not sure if I should do a little bit more at this point. +My dad died about 2 weeks ago and left my sister and I money from his life insurance policy. My sister and I are the only beneficiaries to it so we will be splitting 250K evenly. + +I just wanted some thoughts on my plans for what I'm getting + +I make about 63k a year + +I'm married and my wife and I's finances are split. + +$125k + +Payoff debt: $30k +Fix car: $2k +New computer: $2k +New guitar: $1200 + +The rest of it I want to put into a Money market account and put about 400$ a month into it. + +I was looking into Citizen bank since they have a 2.1% APY + +I figured an MMA is the safest place to keep the rest of it and build my savings. + +Any advice? + **What is Happening?** +Moderna is [not enforcing patents](https://taylorhoffman.us17.list-manage.com/track/click?u=abfd6114e6972955bfd6f87f4&id=3c063d1caf&e=0a139504b4) on its coronavirus vaccine. Per Moderna's President Stephen Hoge: "We're not interested in using that IP to decrease the number of vaccines available in a pandemic".  + +**Why does this Matter?** + +This is an enormous development for the efforts being made by other companies and governments across the globe. Moderna will not be blocking further advances made by other firms due to proprietary information.  + + +Investors have reportedly been inquiring about what Moderna had been planning to do with the patents for quite some time. Moderna executives found it important to notify both investors and the greater public that pharmaceutical firms will be working together to address the COVID-19 pandemic as efficiently as possible.  + + +This is obviously a positive sentiment for the greater market. The sooner pharmaceutical companies mass-produce an effective vaccine, the sooner we can enter economic recovery.   + + +**The Takeaway from Taylor Hoffman Capital Management:** +Despite the reputation of 'Big Pharma', companies such as Pfizer and Moderna are willing to work in conjunction with each other for the sake of bringing the pandemic to an end. +Fellow Apes, + +We all know about the statement of Gamestop on their Form 10K ([https://news.gamestop.com/sec-filings/sec-filing/10-k/0001326380-21-000032](https://news.gamestop.com/sec-filings/sec-filing/10-k/0001326380-21-000032)) published at the earnings call. However, there was always a reasonable doubt due to the fact, that the form was referring to the state of Jan 31st. + +In the same 10K linked above, they already mentioned the ATM offering. They finalized it and announced it officially today with a Form 424B5 ([https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-105564](https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-105564)). + +So, the sell-off due to today's announcement is absolutely staged as we have seen after the earnings call (thanks George for the dip, I bought). + +**HOWEVER:** **IN TODAYS FORM 424B5 THEY CONFIRMED THE SQUEEZE IS STILL GOING ON:** + +&#x200B; + +>A “short squeeze” due to a sudden increase in demand for shares of our common stock that largely exceeds supply has led to, and may continue to lead to, extreme price volatility in shares of our common stock. Investors may purchase shares of our common stock to hedge existing exposure or to speculate on the price of our common stock. Speculation on the price of our common stock may involve long and short exposures. To the extent aggregate short exposure exceeds the number of shares of our common stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our common stock for delivery to lenders of our common stock. Those repurchases may in turn, dramatically increase the price of shares of our common stock until additional shares of our common stock are available for trading or borrowing. This is often referred to as a “short squeeze.” A large proportion of our common stock has been and may continue to be traded by short sellers which may increase the likelihood that our common stock will be the target of a short squeeze. A short squeeze has led and could continue to lead to volatile price movements in shares of our common stock that are unrelated or disproportionate to our operating performance or prospectus and, once investors purchase the shares of our common stock necessary to cover their short positions, the price of our common stock may rapidly decline. Investors that purchase shares of our common stock during a short squeeze may lose a significant portion of their investment. + +&#x200B; + +**AND ON TOP OF THAT THEY CONFIRM MEDIA COVERAGE IS BS:** + +&#x200B; + +>Information available in public media that is published by third parties, including blogs, articles, message boards and social and other media may include statements not attributable to the Company and may not be reliable or accurate. We have received, and may continue to receive, a high degree of media coverage that is published or otherwise disseminated by third parties, including blogs, articles, message boards and social and other media. This includes coverage that is not attributable to statements made by our directors, officers or employees. You should read carefully, evaluate and rely only on the information contained in this prospectus supplement, the accompanying prospectus or any applicable free writing prospectus filed with the SEC in determining whether to purchase our shares of common stock. Information provided by third parties may not be reliable or accurate and could materially impact the trading price of our common stock which could cause losses to your investments. + +&#x200B; + +**RC WILL INSTRUCT JEFFRIES WHEN TO ISSUE HOW MANY NEW SHARES:** + +&#x200B; + +>Each time we wish to issue and sell our shares of common stock under the Sales Agreement, we will notify Jefferies the number of shares to be issued, the dates on which such sales are anticipated to be made, any limitation on the number of shares to be sold in any one day and any minimum price below which sales may not be made. Once we have so instructed Jefferies, unless Jefferies declines to accept the terms of such notice, Jefferies has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of Jefferies under the Sales Agreement to sell our shares of common stock are subject to a number of conditions that we must meet + +&#x200B; + +**THEY EXPLICITLY SAY THEY MAY NOT SELL THE TOTAL 3.5mm SHARES ANNOUNCED** + +&#x200B; + +> The actual number of shares we will issue under the Sales Agreement, at any one time or in total, is uncertain. Subject to certain limitations in the Sales Agreement and compliance with applicable law, we have the discretion to deliver instruction to Jefferies to sell shares of our common stock at any time throughout the term of the Sales Agreement. The number of shares that are sold through Jefferies after our instruction will fluctuate based on a number of factors, including the market price of our common stock during the sales period, the limits we set with Jefferies in any instruction to sell shares, and the demand for our common stock during the sales period. Because the price per share of each share sold will fluctuate during this offering, it is not currently possible to predict the number of shares that will be sold or the gross proceeds to be raised in connection with those sales. + +&#x200B; + +**TL;DR:** Nothing new here, the sell-off is staged. Gamestop confirms Squeeze is on and media coverage is BS. RC will decide when and how many (if any) shares are given out. VERY BULLISH! + +**EDIT 1:** Added the statement in which they announce they may or may not use the sell offer entirely. +Sorry about this one - quite a morbid topic. + +A 61yr old acquaintance was just diagnosed with stage 4 prostate cancer. Prognosis is 29% survival after 5 years. + +If money is no object (it ain't) can you advise of some regular scanning protocol where one can spot tumours at an early stage? Something not very invasive yet comprehensive perhaps? + +Mods: this is a FATfire question as these things tend to be very pricey. +I am a huge believer in the future of Renewables given the existential threat of Climate Change + +Are there any Sector/Thematic Mutual Funds in India that primarily focus on investing in Clean Energy companies? +&#x200B; + +There was a post by Kraken founder about new Canadian legislation and I saw one very interesting and alarming reply on the comments. One of his followers just replied Jesse that Kraken may be put in position to freeze our assets without judicial consent and will probably comply to that request. Jesse just 100% agreed with that person and on top of that suggested to keep funds away centralized exchanges. + +I think it's the first time we see any CEX CEO suggesting to move away our funds from centralized custodians. We should definitely appreciate the man for raising alarm and being so honest even though it may harm his business. + +https://preview.redd.it/6adhek7tuji81.png?width=711&format=png&auto=webp&s=82fdebbba0cb5ea86b4bebcdfa220c8c596304d3 +Hello, i recently saw a text message Barclays has sent to its users saying that they will block any payments made to Binance to “help keep your money safe”. I find it insulting that they’re implying that we dont know how to manage our money and telling us how we can and cant spend OUR money whilst happily letting its users piss away their life savings on a gambling/betting site. I personally believe this is just an excuse as banks make their money by lending out money we keep in our savings and they’ve seen these outflows to exchanges like binance. + +Im currently in the process of increasing my fiat-crypto bridges and getting signed up with other exchanges however i want to change to a bank that is more “Pro-Crypto”. I know this concept isnt exactly possible as they’re technically competitors but i heard that Halifax is pretty good, does anyone have any bank suggestions that wont tell me how i can and cant spend my money in the crypto space. +I got a duplex in early 2021 and started leasing (year lease) to this young couple late 2021. Been househacking (living in the smaller unit) and renting out the larger unit. + +This is where I made a mistake. In Feb 2022 one day, he asked me if he could bring his dog (which stayed at his sister's) and pay an extra $50 a month. I immediately said yes since I felt bad for the dog. He's an outside dog and stays in the shed. Looks like a Rottweiler mixed breed. + +Now, the dog constantly barks almost all day and sometimes at nights I wake up. The noise is NOT worth the $50/month. I've asked him to calm the dog down, he's been apologetic but the noise is still just too much. I've been thinking of strategies to help. +1) Going to buy a anti barking dog device. Let's see if it works. +2) Add a clause in the renewed lease agreement that the dog would cost an hefty amount in the upcoming new lease agreement. I'm thinking somewhere like $300/month. To dissuade keeping the dog OR at least make the noise worth my while. + +Any thoughts, advice? +I'm £15k in debt but in a job that is around £40k a year salary. I have been telling my doctor for years about this, and have been on a waiting list for some addiction counselling but haven't heard anything in several months. +**Saudi Arabia renews push for $2 trillion Saudi Aramco valuation** + +>Saudi Arabia is making a last-ditch attempt to persuade its institutions and wealthiest families to buy shares in Saudi Aramco after it floats on Wednesday as Crown Prince Mohammed bin Salman refuses to give up on his $2 trillion valuation. + +>*“They’ve been told that it is their duty, and everyone understands what that means”* said one adviser to local wealthy families. *“This is another Ritz, through different means”* said another banker working on the deal. + +>Prince Abdulaziz bin Salman, the kingdom’s energy minister and Prince Mohammed’s half brother, criticised the IPO’s sceptics last week. They could, he added, “bet” that the shares would rise to a level that values Saudi Aramco at more than $2tn. + +>One of the people said: *“With enough arm-twisting, the government should be able to reach that level.”* + +https://www.ft.com/content/0043ccf6-1b42-11ea-97df-cc63de1d73f4 +This was originally posted by u/ajudgycat, but he doesn't have the requirements to post here. But this information NEEDS to get out. So reposting here for him. + +\------- + +A couple days ago Boston Consulting Group sued GameStop for $30 Million over unpaid consulting fees and Ryan Cohen just fired off with a tweet. In some of the replies, eagle-eyed apes have been posted pages of LinkedIn screenshots of people who worked at or still works for both Shitadel and BCG. Whoa, sus, but what do you expect and if you come back to reddit, there are a bunch of posts already about the ties. + +I then started chatting with a buddy, who reminded me that BBBY also used BCG and wondered if something similar happened with Sears. This is when we started Googling BCG and failed/failing companies to see if there were any connections. They seem to have hired from the BCG pool. Anyone else want to help dig further beyond this very initial and unanalyzed attempt?? + + +**Sears:** + + +* [https://transformco.com/press-releases/pr/1959](https://transformco.com/press-releases/pr/1959) +* [https://www.bizjournals.com/chicago/news/2013/09/24/sears-canada-ceo-resigns.html](https://www.bizjournals.com/chicago/news/2013/09/24/sears-canada-ceo-resigns.html) + +**Toys R Us:** + + +* [https://www.case48.com/bcg-matrix/12847-Toys-R-Us](https://www.case48.com/bcg-matrix/12847-Toys-R-Us) + +**Circuit City:** + + +* [https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49](https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49) + +**JC Penney:** + + +* [https://chainstoreage.com/jc-penney-makes-key-hire](https://chainstoreage.com/jc-penney-makes-key-hire) +* [https://www.businesswire.com/news/home/20220111005582/en/JCPenney-Taps-New-Executives-to-Lead-Technology-and-Digital-Organizations](https://www.businesswire.com/news/home/20220111005582/en/JCPenney-Taps-New-Executives-to-Lead-Technology-and-Digital-Organizations) +A friend asked me about my financial journey and always assumed that I always made good and calculated decisions which ultimately lead to my financial success. I was very quick to shut down that idea as I proceeded to explain a wide range of mistakes I have made ranging from poor salary negotiations to investing based on hype and fomo. Some of these mistakes were small and petty and others brought a very very heavy sinking feeling inside. Ultimately it was the learning from the mistakes and striving to be more rational in my approaches that has led me to where I am today. And so I ask what is your biggest financial mistake? +My wife and I are currently in the process of buying a 2 bedroom condo in a really nice city in Orange County, CA for $560k. The total payment is coming out to be $3500 a month, which includes a HOA obligation of $450. I am putting $30k down, and the condo needs about $30k in renovations. + +We are currently renting a 1 bedroom apartment for $2070. If we were to rent a condo at a comparable size to the one we're buying it would be $2600, so $900 less than our total mortgage would be. + +We don't have kids yet but intend to start a family. And in the meantime we've been able to save a significant amount every month and live without financial burdens. + +We are hesitating and nervous about finalizing the deal. We have always heard it's smarter to buy and because it's an investment, especially in a red hot real estate market like Southern California where we may be priced out soon. It's also less than 2 mile commute from both our jobs and 9/10 rated schools. + +It would be a dream to live in this city and have the stability of owning something as I grow my family, but spending $1400/month more than I do, and $1000/month more than renting a comparable for place seems excessive (especially because it also requires down payment and renovation costs). But then rent goes up $60-$100 every year. + +I'm not sure what to do and we're pulling our hair trying to make a decision for fear of missing out on a good property and missing our chance to live in this city. + +What would you do, buy or continue to rent? +Well, I can't only post when times are good. Just wanted to write a quick update because people have been asking for FI people to post their statuses during all this and perhaps this will be therapeutic. It definitely sucks to lose that much (in a month!). And it will continue to suck as/if the market goes down. Here's what I've done to slow the bleeding: + +* Moved to a low cost of living country. + +* Lowered my ~~monthly~~ yearly burn rate to 1.2% of my CURRENT (after crash) portfolio. This is necessities and a little teeny tiny tiny bit of recreation/restaurant. Will get better at cooking and most things I like to do cost little money. +* Will continue to live here and keep this withdrawal rate until that withdrawal rate reaches 1% (or in other words until the markets recover 20% (beyond my withdrawals). Then, I'll raise my withdrawals to 2% which will effectively double my current conservative budget. +* Could be months, could be years. I'm young, single and flexible as fuck, so I'd be silly to not take advantage of those things to protect my future self's retirement. +* My pre-FI career is a bit distant after taking a couple years off, but I'm going to seek out some projects if I can get them as people get back to work so that I'm further reducing withdrawals, ideally to zero and, if I'm lucky enough, buy more equities as the markets are depressed. + +&#x200B; + +***"To be free, you must be flexible."*** +\-Nobody 2020 (but thought it sounded good) + +EDIT: Meant 1.2% per year (divided and spent monthly) lollll +While I agree that past performance is an important factor, I cannot wrap my head around the philosophy of this subreddit. +On the one hand side they preach you to not use past performance to measure future performance. +Yet 99% of the top comments are *time in the market beats timing the market* +Well this is all fun and games but that is completely based on past performance of (mostly) the S&P 500. + +Same with things as *buy the dip* when an index drops 0.001% and people pretend that everything is on a big sale. + +I would not care about it that much if it was not condradicted so often. + +We will all learn some very important lessons along the way and one of the most important one will be to adapt to new rules and new trends that differ from the past. +Hey guys , put an offer on a house and got the building and pest inspection done. We pulled out due to the repairs needed to the foundation ($50k +) and the fact that the vendor wouldn't budge on price. The real estate agent is under the impression that the house will sell very easily to anyone else for the same original price. Will buyers actually not care about major defects on a house? + +I feel we made the right decision pulling out but it just seems like people are willing to pay top dollar for houses that are flaking apart. Seems crazy to me + +*Western Sydney Market +So I have a Roth IRA in which I intend to only hold the S&P500 until my retirement (over 40 year time horizon). + +Solution 1: Buy VOO and don't touch until retirement. Re-invest dividends. + +Solution 2: Buy SPY and sell covered calls at conservative SP and delta, multiple notches out. Re-invest premium. + +&#x200B; + +Edit: I'm aware of the issue of getting called away and having to buy the lot again at a higher price. However, what I'm most concerned about is potential drag on the compounding factor. Fortunately, taxes wouldn't be an issue for this account. + +&#x200B; + +What would you do? +I believe the latest Ryan Cohen tweet is related to the GMERICA spin-off . This could be the next stage of the company transformation. This feels like a boxing match at the moment with sides trading blows. However, this could well be the Knock Out punch for our favourite hedge funds if they don't take the latest opportunity to close their short positions. I can't wait for my free NFT and associated shares from the spin-off company. I wonder who the artist will be who produces the NFT. Maybe if i wear my hoodie backwards it will come to me. + +Edit 1: Someone has pointed out that the subsidiary will be GME Entertainment (NASDAQ) + +Edit 2: Someone else pointed out that its bullish as fuck for the parent company. +It's the end of the year, I've made no profit whatsoever and just keep funnelling my own money in to my account. 79% win rate when paper trading, gains of 300%+ when paper trading, but my win rate when trading live is 10% for 4% profit average and 70-100% loss. + +My strategies work, and I do my best to follow my trade plans but I get shaken out too quickly with live and I won't follow them. I haven't learned from my mistakes every single trading day this year. I know what to expect and yet I still manage to drop the ball. + +Essentially what happens is I'll enter a trade, almost immediately go down 40-50% where I'll average down only for it to move even further and I'll sell for a 75% loss. Funnily enough, it gets to breakeven 2 minute candles later, valhalla after that but I'm no longer in. Subsequently, if I enter a trade and it moves up the slightest amount I'll sell immediately for a 4% gain under the impression that it will drop any second though the trend continues for hundreds of percent as I sit there and watch, frozen and unwilling to jump back in though the play is unravelling in front of me. + +The plays that go 100% down are a result of countless instances of a trade I sell way too early for either a loss when I didn't need to or minuscule gain, finally getting it through my head to hold for once as opposed to selling within 30 seconds, but those are the times that I'm wrong and it goes to 0. The next trade I enter I worry it will drop right away due to PTSD so I sell for 4% as opposed to several hundred and this cycle continues until I get the courage to hold again and it drops to worthless. + +I've refrained from writing here- I don't want to bitch as a sore loser, but I need help. I'm unsure how I can be so profitable with paper and not have a single winning trade this year. My most profitable single trade was $80 and my biggest loss was $1200. Any time there's equity in my account I haven't been able to last 2 days without the account draining. Then I'll trade 2 weeks or so with paper to ensure and solidify my strategy and gain some sort of confidence, but once I start trading live it immediately clears out to 0. + +How do I reset my mindset? How do I approach the market like I do with paper, without fear and calm? My average time held on contracts is 2 minutes when trading live and selling for 4% profit, 2 hours+ when selling for 100% loss as I'm hoping and wishing but with paper average time held is an hour, for gain or loss. + +Any tips are appreciated. Merry Christmas +President of Ukraine Volodymyr Zelensky signed a law on virtual assets, which refers this market to the regulation of the National Securities and Stock Market Commission and the National Bank of Ukraine (NBU). + +According to the Telegram channel of the Ministry of Digital Transformation of Ukraine, with the start of this law, the following changes will be introduced in Ukraine: + +\- foreign and Ukrainian crypto exchanges will work legally; + +\- banks will open accounts for crypto companies; + +\- Ukrainians will be able to protect their savings in virtual assets; + +\- the state will guarantee judicial protection of rights to virtual assets. + +In addition, the National Securities and Stock Market Commission will formulate and implement a policy in the field of virtual assets; determine the procedure for the turnover of virtual assets; issue authorizations to VA service providers; exercise supervision and financial monitoring in this area. +401k meeting Edward Jones + +So we had a company meeting yesterday with our financial retirement guy from Edward Jones. Come to find out that my employer’s contributions are protected for 6 years, when the employee (Me) becomes 100% vested. I’ve talked to a couple people who’ve said that it’s usually only 3 years to become vested? I just found this out in my 2nd year with the company and I feel kinda cheated. Can someone explain this please? Background is the company match is 8% (I think) is this normal for a company to do to protect their investment? + +EDIT : Can you negotiate something like this up-front or at any point in your service time? For instance I negotiated a higher salary because I was performing as well as anyone in history ever had before in my company. Can you use this as a bargaining chip when asking for a raise? +I know this has been plastered all over /r/investing and /r/stocks already but it only feels right to share it here too. TLDR: Hertz still has almost 250 million shares authorized (but not outstanding) and they want to sell them to raise $1 billion to fund their bankruptcy. + +I thought I had seen everything in this market but this just shows you that nothing is off the table. Before you buy HTZ, please realize that if you participate in this offering (if it even ends up being allowed, which is questionable), all you're doing is paying off HTZ debt and throwing money at Jeffries for underwriting it. + +On the flip side, given the current market conditions, it's not the worst idea and while IMO it's disgustingly predatory I can't say I blame HTZ for trying to take advantage of this market nonsense. If they do manage to convince a court to allow this, it actually does give equity holders a chance to get something which they certainly won't get if it just goes the pure bankruptcy route. I suppose if you just have blind faith that HTZ can come out of bankruptcy and be a better company then it makes sense to gamble on it, as long as you realize you're buying something for $4 a share that is literally worth zero. This is truly the greater fool theory in action. What a time to be alive lol + +I'm really curious to hear your opinions on this, especially younger people. + +Link: https://www.forbes.com/sites/christopherhelman/2020/06/12/bankrupt-hertz-seeks-permission-to-raise-1-billion-in-preposterous-new-stock-sale/#5ec31dce5483 + +EDIT: [It's approved!](https://www.marketwatch.com/story/judge-oks-stock-sale-for-bankrupt-hertz-report-2020-06-12) You can buy $1B of worthless equity now! Hooray! Thanks /u/newredditerman +I know this has been plastered all over /r/investing and /r/stocks already but it only feels right to share it here too. TLDR: Hertz still has almost 250 million shares authorized (but not outstanding) and they want to sell them to raise $1 billion to fund their bankruptcy. + +I thought I had seen everything in this market but this just shows you that nothing is off the table. Before you buy HTZ, please realize that if you participate in this offering (if it even ends up being allowed, which is questionable), all you're doing is paying off HTZ debt and throwing money at Jeffries for underwriting it. + +On the flip side, given the current market conditions, it's not the worst idea and while IMO it's disgustingly predatory I can't say I blame HTZ for trying to take advantage of this market nonsense. If they do manage to convince a court to allow this, it actually does give equity holders a chance to get something which they certainly won't get if it just goes the pure bankruptcy route. I suppose if you just have blind faith that HTZ can come out of bankruptcy and be a better company then it makes sense to gamble on it, as long as you realize you're buying something for $4 a share that is literally worth zero. This is truly the greater fool theory in action. What a time to be alive lol + +I'm really curious to hear your opinions on this, especially younger people. + +Link: https://www.forbes.com/sites/christopherhelman/2020/06/12/bankrupt-hertz-seeks-permission-to-raise-1-billion-in-preposterous-new-stock-sale/#5ec31dce5483 + +EDIT: [It's approved!](https://www.marketwatch.com/story/judge-oks-stock-sale-for-bankrupt-hertz-report-2020-06-12) You can buy $1B of worthless equity now! Hooray! Thanks /u/newredditerman +Hey folks + +As per the title, I currently live in Glasgow, and have done for most of my 28 years. Having a bit of a quarter life crisis & really want to relocate, most likely going to leave the UK ultimately but am considering trying the London bubble before I go. + +I can’t quite wrap my head around the financial aspect of it though, for an area so comparatively rich. + +I’m a manufacturing facilities engineer with about 4 years experience, I’m on about £35k/year, I have a £70k 1bd flat with a £380/mo mortgage. + +As a young professional I just can’t get the numbers to add up, realistically I’d be looking at doubling or more my housing costs with potentially greater general living costs, but the wages just don’t seem to reflect this, I’m only seeing £5k or so greater salary bandings than what we have up here. + +Is there something I’m missing or does it realistically only make sense if you’re in IT/finance? +Are y’all buying up right now or do y’all think with everything going on stocks are going to keep diving down. Me personally am just keeping some cash on hand trying to start my Microsoft position, but I think the price could drop a little more. But was wondering what y’all are doing/ thinking. +I hate the radio, and I can't emphasize that enough. But I commute an hour plus both ways, five days a week and I need something to make the ride shorter. Anything y'all listen to on podcast that has an ounce of credibility in your free time. I'm looking for something that explains or explore financial topics, something that educates or causes critical thinking preferably. +Hello, folks. + +I got very interested in algotrading and have no problems with learning the programming part of it (thanks to the tons of content on the internet). But I see that I have major problems with the math & stats part of it due to a lack of knowledge in these fields and, as I think, doing things like cointegration tests without knowing how it works and how to interpret the results will become a problem in few years. + +So I'm wondering if any of you know good resources/courses/books to start from almost a scratch and in the end be able to read research papers. + + +P.S. Started learning with khan academy but I doubt that knowledge would be sufficient. +Hello, folks. + +I got very interested in algotrading and have no problems with learning the programming part of it (thanks to the tons of content on the internet). But I see that I have major problems with the math & stats part of it due to a lack of knowledge in these fields and, as I think, doing things like cointegration tests without knowing how it works and how to interpret the results will become a problem in few years. + +So I'm wondering if any of you know good resources/courses/books to start from almost a scratch and in the end be able to read research papers. + + +P.S. Started learning with khan academy but I doubt that knowledge would be sufficient. +I’m refinancing my house that I purchased about 2 years ago. I was slightly disappointed with the appraisal and in looking through the details noticed the appraiser missed both my fireplace and deck. I immediately contacted the mortgage lender who asked for pictures for proof. About an hour later the value of my property was adjusted ~$10K higher, shedding about 1yr off my PMI payments. Attention to detail is key. + As the title says, how many of you are willing to help anywhere and everywhere you can in the world? The top 1% that hold the most money rarely help and they are just a 1%, when we get filthy rich that 1% may change and finally you can change the world circulate the money, help people and feel better when you put your head to rest at home. + + Personally, I cannot wait to reap the millions of these people so I can repurpose it where it is actually needed. I never understood what a person can do with billions of dollars to their name and not do anything with it. It is enough to feed one person that needs it to make a positive change in just a moment. Stop looking at the price, cause the MOASS will be heard round the world and we would not need to see it in our notifications to know it is happening, just relax everyone we got this. + + Once it is done though, never forget who you were before and do not let the money change you. We cannot be like them, we must be better, help those you can because one small thing you do might inspire others to follow your step and from there on it is a ripple effect of positivity. Example: You build a food shelter, people share you food shelter online, others help in that center( donations of money, food, clothes ), many unfortunate people will be helped and that news will travel fast and far inspiring others to do the same in their communities. + + So, think carefully why you are holding when those tense moments arrive, do not waver fellow apes. The world needs you, YOU, not the 1% because they have been around for a while and most of them have bought yachts instead of helping. + + I have gotten to know this strong community of smart and very kind people, and I know we can be the change the world needs. I just want you to remember when the time comes, who we were, who we are and who we are going to be at the end of it all. And after all the stuff the opposition pulled on us, they do not deserve any mercy, the floor is enough when the change of wealth happens, it is beyond 20 million. This post might get lost but I hope it has a rippple effect on its own and even if one person gets the positive idea from this, is enough for me. Hold the line fellow apes in arms, the war is long but prosperous. +Edit: Paragraphs +I was furloughed back in May and have been unemployed ever since. I've lived with various family a lot over the past few years, so I was able to save a lot by not paying rent. Those savings sure go fast with rent to pay, though. The extra $200 a month is going to help what little savings I have left stretch that much further while I keep looking for work and scrounge up enough gig work to hopefully help the savings stretch more. + +I went to the grocery store yesterday and it was the first time in three months I've been able to grocery shop without being stressed about the ensuing credit card bill the entire time. I've been lucky enough to never be on any kind of public assistance before and I just can't believe especially now times have to get so tough before any help is given. +Came across a house that was a deal a week or two ago. Showed it to my daughter and her husband, they wanted to go in on it with me. It would have been a rental. + +Just wondering about other people's experience and feelings on this. + +More info: she will be the executor of my estate when I pass, so she would have control of whatever happened to the property in the end anyway. I feel we would need to have some sort of an understanding or agreement, maybe not legally binding, but something we both sit down and write and sign. It would include how we expect the division of the profits to happen, and what would happen if we came to an impass about the property. Anything I'm missing? +I own a 4-plex and I received an email from our property management company today asking if I can approve a tree cutting service ($2,800) to take care of some trees that are over hanging the roof and parking lot. Turns out the tree is on the neighbors property and they're refusing to trim it. My property manager has provided them proof from the city and the title company but they are saying that isn’t sufficient. + +I don't want to have a liability of a limb falling, but I also don't want to pay $2,800 for someone else's tree that needs to be trimmed! + +Any recommendations on how to handle this? + + +Edit: The property is located in California. +Services like Klarna ARE proper borrowing — it just feels more soft touch, which is exactly why it's so dangerous: everything about it has been built around ease of use to encourage spending, so PLEASE be careful here. + +There are consequences for missed payments/repayment. + +* If you miss repayments OR fail to repay within the timeframe set, you may be referred to debt collectors +* If you miss repayments OR fail to repay within the timeframe set, it will affect your credit score + +Don't get into debt you can't shoulder, it'll disrupt your life for quite a while. Any questions, let me know and I'll try to help. +My wife's Dad setup her loans, and I've just recently gotten access to her loan statements. + +Her payments are $500/month (trying to get more details from her on amount/date she started paying) graduating from college in 2009 for a DIRECT CONSOL loan from EDLNC on a graduated repayment plan. + +Original Princ: $67,777 + +Interest Rate: 7.375% + +Outstanding Balance: $71,700 + +Amount paid through 4/4/17: $28,199 + +Internet paid through 4/4/17: $26,034 + +I'm freaking out right now. I was lucky enough to not have student loans, but from my limited understanding of this, the payments are only going to get larger, and we are making almost no progress on paying these off. + +Do we have any options here? As a couple, we make just over $100,000. + +EDIT: It looks like her loan might have been sold, so the original amount of 67k is as of 2012. She had been making $500 payments since 2009/10. +Throwaway account for privacy, but I've been lurking on the subreddit for years. + +My question is: have any of you tried having a personal assistant? If so, how did you arrange this? How much do you pay them? What do you have them do for you? Is it worth it? Or do you end up spending lots of time/attention on managing the assistant? + +For context, my partner and I are both in our early thirties and together make $2M/year and have saved $6M out of our long-term goal of $10M. We love our jobs, but have very little free time outside of work and are highly disorganized (diagnosed with ADHD). +Yesterday my employer let us know that they will be offering a new program in January. Instead of matching up to 6% of our salaries in 401k contributions, we will have the option to put that money toward student loans. I currently have about 33k left and with regular monthly payments of $470, they will be paid off in roughly 6.5 years. I can currently add about $500 to the monthly payment, and at that rate, they will be paid off in ~2.5 years. Using my employer's new program, I could have them paid off in ~18 months. + +My 401k will be at about 12k by the end of the year. I make 50k, so the annual contribution between my self and my employer is 6k. That 6k over 40 years will be worth ~60k at least. Short-term, it would be nice to pay off my loans a year earlier, but long-term, my 401k loses a pretty big chunk of money. Is this a good assessment? + +I appreciate all responses, thanks! + +EDIT: DoWhatYouWantBB mentioned that the interest rates of my loans are important: +5,217.24 @ 6.55% +5,307.00 @ 6.55% +2,661.26 @ 3.15% +3,153.32 @ 3.61% +2,643.21 @ 3.61% +2,220.92 @ 3.60% +4,459.38 @ 3.60% +6,712.55 @ 3.60% + +First off: mine is too. I’ve lost (on paper) most of my gains YTD and I’m not happy about that. However, I also feel I am well situated: almost all my positions have at least 30 to 60 DTE and are still able to be rolled without incurring loss (time will tell if that holds up, I generally would not roll until about 21 DTE). + +I posted a while ago about my experience getting absolutely hammered during the initial COVID downturn, and having to liquidate many positions at loss in order to cover margin calls. That taught me a valuable lesson in risk management, portfolio sizing, and margin utilization. Since that time I adjusted my trading so that I was not over-extended and could handle at least a modest downturn without getting margin calls. I also added some cash to a separate bank account to allow a cushion for a more disastrous downturn. Thus, I am sitting on paper losses right now, but not being forced to liquidate and realize losses because of risk management. I have time in my positions for them to turnaround. And many short positions are not even ITM, so they don’t even need to turnaround, simply to stay put or go up as time passes. + +So, if you are getting wrecked and having margin calls and being forced to realize loss….this is your opportunity to learn the lesson (with an admittedly very small market downturn….things could definitely get so much worse). Learn it and internalize it and appreciate the benefits of portfolio risk management. + + Wishing you the best in your trading adventures! +I've lost both my parents almost back to back which isn't uncommon but damn if it isn't hard. On top of that I've found out that they were proper planners building a small fortune that we never knew about and putting correct beneficiaries in their assets and not in their estate. I've still got an estate to wind down but everything of real consequence is not in it. + +Quick background that I'm in my late 40's. Own a small but growing mom-and-pop business with my wife, in-laws, and about 7 employees and a small tech firm that I run by myself to help companies grow (my roots are tech and I love to problem solve.) After 13 years the family business has finally turned well into the black and have just now started thinking about how the hell we save again. I've also got a 10yo son. + +My family has been with what was Legg Mason -> Merrill Lynch -> Merrill for good or bad (as I've read how many do not like M or handholding or their fees. I get it.) + +My sister and I are in the split here but this is my allocation: + +* Beneficiary IRA @ 750k (10 year window, no strings gating its use but taxes on the draw.) +* 200k CMA (don't really understand this account yet--I believe it's already had taxes on it but might be subject to some other witholding?) +* 50k Bank Cash +* $200k note remaining on a 415k house (my family wants it, sister has zero care but I will have to buy her out. We will also need to spend some on fixing it up.) +* Personally 100k remaining on 220k condo (we'll be renting it to my in-laws then keep it as a rental whenever they pass. Also needing some TLC/fixing up.) +* Personally, we sunk everything into the business to save my in-laws a decade+ ago we have almost no savings (and no 401/IRA) and we currently make <45k a year combined. That's changing but it's taken us a long bloody damn road to carve out things. The universe has consistently laughed at us throwing us back but we survived and are thriving. +* Business is debt free but we need to pivot hard in the next few years to grow (move out of retail position into new smaller retail position and move manuf. into flex space w/ growth/wholesale/retail in mind.) + +I know many don't like Merrill but I gotta tell you my father and his advisor were an amazing duo. I've known him for about 5 years and I really can't brag on him enough as a person. While my father was in hospice he visited regularly and has made sure everything is taken care of. Now I know it's part self-interest but after this much time I don't think I can bring myself just to break that relationship. At least not in any short term measure. I've yet to meet with him on how we want to wind down these properties but I thought it wise to back up to a larger view and see what the collective might offer. + +Thoughts? Questions I should be asking? Things to be aware of? Paths I might want to follow? I'm swimming in a sea of probate BS and setting up will-oriented-trusts for the grandkids we couldn't shake so my bandwidth for some of this is short now but will open with time. Giving me some fertile ground though is very very appreciated. +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! + + [https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme](https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme) + +Eight men who used social media platforms to promote stocks they owned were charged by federal prosecutors with engaging in a $144 million “pump and dump” scheme. + +Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ\_Matlock,” were among the defendants charged in an indictment unsealed Tuesday in federal court in Houston. + +Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on the Discord social media platform. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and Exchange Commission, which sued the eight men yesterday. Matlock has 340,000. + +The shares they hyped were in little-known companies including [GTT Communications Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/GTTNQ:US), [Surface Oncology Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/SURF:US) and [Universe Pharmaceuticals Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/UPC:US), according to the indictment. + +Also charged were Thomas Cooperman (“Tommy Coops”) Gary Deel (“Mystic Mac”), Mitchell Hennessey (“Hugh Henne”) Stefan Hrvatin (“LadeBackk”), Daniel Knight (“Deity of Dips”) and John Rybarczyk (“Ultra Calls, “The Stock Sniper”). + +The case is US v. Constantinescu, 22-cr-00612, US District Court, Southern District of Texas (Houston). +I'm looking to get my first long-term single family rental. I plan on buying and holding these rentals for the long run.. 10, 20 years. Right now, rental interest rates are a around 6.5-7% from what i see. How are you guys using this in running your numbers for deals? + +Are you guys includes a future number, say 5.5%, and assuming you'll be able to refinance? Or are you using the number you guys are getting quoted for interest rates? I also include around 28% for vacancy, maintenance, capex, and property management expenses. I plan on managing myself for a while but when the load gets too heavy, i want to pass it on and still have the deal make sense. + +I have a cash flow goal of $200/month/house which i use to guide whether i want to further look into this house and make an offer. + +Thoughts on analysis for single family long term rental houses? +I know I can move further out and apartments are just as good. But I am feeling very upset about not being able to even have a roof over my head. My job is in Sydney. Otherwise I would move. There is nothing good about this city anyway. We keep getting outbid by others. It seems that nothing will ever help. Even recession will not really do anything. I already don’t spend anything other than grocery. How do I not feel too hopeless and depressed about this situation? +* Berkshire Hathaway reported operating income of $7.018 billion in the first quarter, up 20% from $5.871 billion in the same period a year ago. +* During the first quarter, the company bought back $6.6 billion of Berkshire shares, after a record $24.7 billion in buybacks last year in lieu of deal-making. +* Berkshire’s cash pile grew about 5% during the quarter to more than $145.4 billion. + +[https://www.cnbc.com/2021/05/01/berkshire-hathaway-brk-earnings-q1-2021.html](https://www.cnbc.com/2021/05/01/berkshire-hathaway-brk-earnings-q1-2021.html) +Don't sleep on this rocket 🚀 + +MAD Token’s dev team boasts Harvard and Cambridge-educated veterans of the charity space as well as an experienced trader from one of the most prominent crypto trading firms. They united with one goal in mind: to Make A Difference. + +❣️ Low market cap + +❣️ Fully doxxed team + +❣️ Detailed roadmap and white paper + +❣️ Total transparency (all dev wallets listed on website) + +❣️ Smart contract audited by Techrate + +❣️ Direct partnerships with multiple charities + +Coming soon: + +💕 MAD donations to partnered charities + +💞 Native decentralized exchange (MADex) + +💗 Direct partnerships with some of the world’s biggest and most respected charities + +This combination of titans from the charitable and financial worlds is both determined and capable of transforming the way that we think of charity. Don’t sleep on what is destined to be one of the most explosive stories to ever emerge from the crypto space. + +📃 Site/white paper: https://MADToken.org + +💌 Telegram: https://t.me/madcharitytoken + +💸 Buy on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866 +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 13 days 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 a few days ago right next to Space X HQ in California! A second billboard is going to be up on Times Square really soon! + +🦎 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 +&#x200B; + +&#x200B; + +https://preview.redd.it/s8i8oljui4c71.png?width=1600&format=png&auto=webp&s=a37ec6bab17ab4b89d437a91730b1457579f9950 + +Good Morning San Diago + +Due to events from the weekend, I do not believe rensole will be making a daily stonk so I will butt in for today if no one else makes one, I hope no one minds So let's get into it. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/lamrm12wi4c71.png?width=680&format=png&auto=webp&s=6efe12ba441cf3ecc4bd9f444742faa5a6d1ab64 + +# Mod Resignations And Addition + +&#x200B; + +Due to the events during the last week and this weekend, several mods have stepped down from their positions, the mods who have resigned are as follows: redchessqueen99, Hey\_Madie, rensole, ~~jsmar18~~ (rejoined, glad you're back), sharkbaitlol, Hieronymus1\_1, and Broccaaa? + +Moreover, ButtFarm69 has joined the mod team in order to try and help remedy the situation. + +&#x200B; + +You can find more information about the resignations and the events that led up to it here: + +&#x200B; + +\[Bringing in the fire extinguisher.\]([https://www.reddit.com/r/Superstonk/comments/omubcs/bringing\_in\_the\_fire\_extinguisher/](https://www.reddit.com/r/Superstonk/comments/omubcs/bringing_in_the_fire_extinguisher/)) + +&#x200B; + +\[Everythings fucked up and there are no good solutions\]([https://www.reddit.com/r/Superstonk/comments/omdfg4/everythings\_fucked\_up\_and\_there\_are\_no\_good/](https://www.reddit.com/r/Superstonk/comments/omdfg4/everythings_fucked_up_and_there_are_no_good/)) + +&#x200B; + +\[BUCKLE THE FUCK UP. New changes in the Moderating Team.\]([https://www.reddit.com/r/Superstonk/comments/omdh53/buckle\_the\_fuck\_up\_new\_changes\_in\_the\_moderating/](https://www.reddit.com/r/Superstonk/comments/omdh53/buckle_the_fuck_up_new_changes_in_the_moderating/)) + +&#x200B; + +[Astro Gaming MoonJam](https://preview.redd.it/70k231wfk4c71.png?width=2560&format=png&auto=webp&s=1527dc1cdf83a32fef7a02096881e385c859cfb6) + +~~Today~~ Tomorrow (oops) Astro and GameStop's MoonJam festival starts. + +You can find more info on the festival/event here: + +[https://go.minehut.com/moonjam](https://go.minehut.com/moonjam) and here + +[https://www.gamestop.com/collection/astro-gaming-moonjam](https://www.gamestop.com/collection/astro-gaming-moonjam) + +&#x200B; + +# Second Bullhouse Session With SusanneTrimbath + +&#x200B; + +[Back to business!!!](https://www.reddit.com/r/Superstonk/comments/omz498/back_to_business/) + +&#x200B; + +[credit to u\/babynutzz ](https://preview.redd.it/0asgq87el4c71.png?width=640&format=png&auto=webp&s=7e13254cc247b9b186d7a8a51447bbf689abb164) + +# Gamestop hiring en masse + +Can't Stop Won't Stop! + +&#x200B; + +[Gamestop has 6,618 OPEN POSITIONS listed on their website as of today. Almost all of them are retail. They're about to do something BIG!](https://www.reddit.com/r/Superstonk/comments/omexzl/gamestop_has_6618_open_positions_listed_on_their/) + +&#x200B; + +[GameStop is hiring a new Director of SEC and Financial Reporting who will oversee "the equity process including tasks related to stock-based compensation, equity rollforward, shares outstanding, calculation of basic/diluted EPS," etc. Bullish!](https://www.reddit.com/r/Superstonk/comments/olxepi/gamestop_is_hiring_a_new_director_of_sec_and/) + +Essentially Gamestop is looking to hire a professional full-time to manage everything GameStop stock-related (presumably, the accounting department took care of it previously) from forms to annual proxy statement to potential dividends if GameStop decides to do so. + +&#x200B; + +# SR-NYSE-2021-40 + +&#x200B; + +[SR-NYSE-2021-40 New York Stock Exchange Rulemaking: Notice of Filing of Proposed Rule Change to Adopt on a Permanent Basis the Pilot Program for Market-Wide Circuit Breakers in Rule 7.12.](https://www.reddit.com/r/Superstonk/comments/olm9en/srnyse202140_new_york_stock_exchange_rulemaking/) + +&#x200B; + +[credit to u\/Dismal-Jellyfish ](https://preview.redd.it/uoujg97qo4c71.png?width=960&format=png&auto=webp&s=83a9fae4fc882bb006ba77e267e92568eb63de35) + +Sounds like the NYSE wishes to rollout circuit breakers (the thing that stops trading for 10 min if a stock price goes up or down too fast) for the entire market permanently. + +&#x200B; + +# S&P Dow Jones Indices LLC + +Bank doing an illegal again. + +&#x200B; + +[Looks like someone was keeping the price steady and got cought! Pdf link: https: https://t.co/RYO11bfTAN?amp=1 ?](https://www.reddit.com/r/Superstonk/comments/ollypj/looks_like_someone_was_keeping_the_price_steady/) + +&#x200B; + +[credit to u\/Pocarel ](https://preview.redd.it/gnc966rto4c71.png?width=600&format=png&auto=webp&s=b50e4ceb698f8464ad3c5f6825abf45e012b9b6f) + +S&P Dow Jones Indices LLC was hit with a Cease-and-Desist order due to manipulating VIX to keep prices stable. + +&#x200B; + +# GameStop has a short squeeze score of 100 + +&#x200B; + +[\#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/Superstonk/comments/omw756/gme_breaking_according_to_thomson_reuters/) + +&#x200B; + +[credit to u\/CallMeMo2 ](https://preview.redd.it/iczxz99ap4c71.png?width=960&format=png&auto=webp&s=5437b2ea5ca32269c9eaf9146b1d66af444b19f7) + +[credit to u\/CallMeMo2 ](https://preview.redd.it/4sbmb45hp4c71.png?width=1230&format=png&auto=webp&s=d0dcfa0ce80ed7170658e43f36c135056053fa80) + +Note that it says **Higher Likelihood** Not that it's guaranteed but Bullish never the less. + +# Junk Bonds + +&#x200B; + +[Junk Bond Yields Are Now Below Inflation For The First Time Ever. Buckle Up! Marge Is Going to Call More Hedge Funds!](https://www.reddit.com/r/Superstonk/comments/olp7aj/junk_bond_yields_are_now_below_inflation_for_the/) + +“This is a function of too much cash in the system and too few attractive assets for investors to put their cash into,” + +&#x200B; + +# Market Cap + +&#x200B; + +[So i](https://www.reddit.com/r/Superstonk/comments/omdjf9/so_i_saw_this_this_morning_and_thought_it_would/)[ saw this, this morning and thought it would be braking news here but i havemt seen anything on this! Anyone know why market cap jumped $3Billion on a Saturday?](https://www.reddit.com/r/Superstonk/comments/omdjf9/so_i_saw_this_this_morning_and_thought_it_would/) + +&#x200B; + +[credit to u\/Djpenguin681 ](https://preview.redd.it/xn8o9eyzp4c71.png?width=640&format=png&auto=webp&s=22c699fadf1df0107171072a54ea386b5fa48a57) + +Apparently, multiple brokers are displaying different market caps for Gamestop, is it another bug or more bad data? + +&#x200B; + +# GameStop's Esports twitter + +&#x200B; + +[POWER UP! GameStop eSports Twitter verified 💪 in case there were skeptics still](https://www.reddit.com/r/Superstonk/comments/om68az/power_up_gamestop_esports_twitter_verified_in/) + +&#x200B; + +[credit to u\/UpbeatIndica](https://preview.redd.it/ulis5i1xs4c71.png?width=960&format=png&auto=webp&s=4e4e0a43c8237c25074359a6be0813b21c9c1908) + +I don't think many were many were doubting the legitimacy of GameStop's Esports Twitter account but more validity is always better, although note that getting verified on Twitter isn't a guarantee of verification. + +&#x200B; + +# DTC-2021-013, NSCC-2021-008 and FICC-2021-006 + +&#x200B; + +[Just a reminder: DTC-2021-013, NSCC-2021-008 and FICC-2021-006 go into effect today July 19, 2021](https://www.reddit.com/r/Superstonk/comments/on91i0/just_a_reminder_dtc2021013_nscc2021008_and/) + +&#x200B; + +If anyone knows what these rules do, do tell in the comments or make a new post thank you. + +&#x200B; + +# Cloudstar Ransomeware attack + +&#x200B; + +[National emergency by monday? Cant close loans? Ransomware attack? 🧐](https://www.reddit.com/r/Superstonk/comments/on7xpv/national_emergency_by_monday_cant_close_loans/) + +&#x200B; + +[credit to u\/Hirsutism ](https://preview.redd.it/ogc8dhhvw4c71.png?width=640&format=png&auto=webp&s=d8406689458e7c71356fb9fcf899ec9d3d407fd5) + +&#x200B; + +I have more than likely missed a lot of DD's and posts due to the mess over the weekend and I wasn't expecting to make a daily post so if I have missed something important please comment and tag me and I will try to add it if I can. + +And apologies if the comments are a bit short, I'm not used to writing a lot and I like to be concise and to the point. + +&#x200B; + +https://preview.redd.it/iixhnkqyi4c71.png?width=554&format=png&auto=webp&s=3451167099939939c503b7e665712d1c73272c6b + +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. + +**ALSO DONT TRY TO EXPLOIT YOUR FANBASE, THIS WOULD ALSO BE EXCELLENT!** + +&#x200B; + +https://preview.redd.it/yn6kj4pzi4c71.png?width=400&format=png&auto=webp&s=3bbc1ebecb164225e76ccf476697c264bf508019 + +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/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +&#x200B; + +Edit MoonJam is tomorrow Not today (was writing this at 4 am so forgot dates lol). + +Edit lots of grammar. + +Edit according to the "Bringing in the fire extinguisher." post Broccaaa left the mod team but he/she is still in the mod list so idk if they have left or not if a mod could clear it up that would be great. + +Edit some people have asked me why I decided to make a daily stonk so here is a small writeup if you care [https://www.reddit.com/r/Superstonk/comments/onab8m/the\_daily\_stonk\_07192021/h5qnt07/?context=3](https://www.reddit.com/r/Superstonk/comments/onab8m/the_daily_stonk_07192021/h5qnt07/?context=3) + +And the reason I decided to keep the same format is 1 because I quite like it and 2 it feels like normal and I wanted to try and leave the weekend behind for the weekday folk that like normalcy, I wasn't too sure if I should keep the some of the more rensole parts like the last part but I didn't really want people to feel like I stole the format and twisted it into My own when I was just gonna post a roundup of the weekend, and the other times someone else covered they didn't remove it so I kept it. **¯\\\_(ツ)\_/¯** + +&#x200B; + +Edit + +# T+21/T+35, options, net capital and OTM PUT's + +&#x200B; + +[OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) + +&#x200B; + +Criand has been looking at T+21/T+35 and believes that they aren't what is causing the price movements and instead thinks "the price movements being about monthly options and net capital because it becomes a balance sheet issue.". + +He's also looking into OTM PUT's but I got to be honest I don't think I can properly comment on it so go read it and make your own opinion. + +Also, I found this funny. + +https://preview.redd.it/gw0uy58jc6c71.png?width=296&format=png&auto=webp&s=3f14c3f4aaf9549271562c9e6e09dbed2b0e734b + +Edit some small reformatting. + +Edit + +# Google Consumer Survey to guess/extrapolate globally owned shares + +&#x200B; + +[Final Update of Google Consumer Survey \*\*\* N=2,200\*\*\*; At LEAST 164MM $GME Shares in Hands of U.S. Retail; \*\*\*My Best Guesstimate For Total Shares Owned Globally — 531MM\*\*\*](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/?utm_medium=android_app&utm_source=share) + +&#x200B; + +[credit to u\/Get-It-Got ](https://preview.redd.it/fgwtb08el7c71.png?width=888&format=png&auto=webp&s=8d83436a9987c9f30c47d2d12ccb28dbb96d147d) + +Get-It-Got have used Google Consumer Survey in order to attempt to find out/ Guesstimate how many Gamestop shares exist in the marketplace, now there are margins of error but overall I'd say it looks pretty well done, although I am no expert so what do I know. +I know we say $1M doesn’t get you that much these days, and that’s true indeed in relation to how much you need to buy a house. +But $1M of debt is another thing and just seems enormous. On the other hand, debt is cheap at the moment so it’s arguably a “good” time to have a large mortgage. + +Technically we can afford this level of loan based on our income ($190k combined) I’ve also done some extra repayment calculations and worked out that we could pay extra whilst still being able to save a bit for holidays/regular investing etc. + +It sounds like I’ve answered my own question but I am keen to hear from anyone has taken on this level of debt and felt ok about it. + +EDIT: I’m 31. This house is intended to be the “forever home” and I’m not particularly willing to compromise on location. I could have bought a cheaper place a few years ago but have been saving with the intention of buying one place, just once. If it’s relevant, I’m not interested in being a property investor (personally against it) + +EDIT 2: +Combined income is $195k plus bonuses (not huge ones). Small passive income from sharesz +We can get a 90% LVR with no LMI and market rates due to employee benefits. +Current deposit is $100k cash, $140k shares but aiming to increase cash to be able to retain some shares for retirement. + +Stress test at 5% has us at about $2.5-$3k surplus income per month (excluding bonuses and passive income) +And more importantly, what advice do you have for those of us here in our later 20s / early 30s and are high level IC / lower level people manager level? +I disagree completely with the assertion that we need memes back. + +I have learned ABSOLUTELY NOTHING from WSB ever since 10,000,000 apes piled in here with their bullshit pictures and jokes. It's funny sure, but I want to make some fucking money. I am not here to get a little chuckle at how much money you lost because you YOLO'd your entire portfolio on a single Jim Cramer tip. + +Things were WAY better before. + +I was creeping this place back when we had like 300k members, and buddy, I learned some serious shit. Everyone once in a while, I swear the smartest mother fuckers in the world would step down from their ivory towers on Wall Street and bless some scrubs with information that their bosses would pay them 8 figures to write. This subreddit had top quality DD written by absolute professionals who were slinging around millions of dollars. + +The DD's back then were real, not just a bunch of morons trying to justify their latest gamble into a trash penny stock. + +Sure you miss your stupid fucking pictures of the exact same photo with new text about the latest shitty company that flopped earnings. + +Do you know what was even better than memes? When I came in here and saw people piling into Hertz the day it declared bankruptcy and they all made bank. + +How about the time we all got the bright idea to pile into BlackBerry days before they signed a deal with Amazon and it went vertical? + +Do you know what else was fucking wicked? When dozens of people in WSB concocted conspiracy theories about Palantir, and this entire sub jumped into the direct listing at $9 before a single institution got in, and we tripled our money in two months. (After sure enough - Joe Biden hired a former PLTR consultant to run the entire department of national security.) + +I cannot recall a single community win like this since the memes took over, and I still come to the sub multiple times a day. + +Do you really think all these moronic TikTok screenshot GIFs are going to help you find the next game stonk at $2.50? Fuck off. + +Fuck your memes. Go back to Instagram and Twitch with the rest of the broke kiddos. +1. President of the NYSE literally said that DARK POOLS break the relationship of supply and demand by fucking with price discovery so much + +2. The fact that FTDs even exist when high frequency trading has become a standard practice is fucking obviously a loophole that is exploiting an archaic tool for a bygone age of paper stocks. FTDs should not exist in 2022 and only serve to perpetuate further deliberate exploitation of equity markets. + +3. Hard locates should be the only option and the transactions should be T+0 with a traceable ledger of the entire transaction history. If I sell (or entitle) the same 1 share to 1,000 separate people, I have effectively diluted the stock by artificially increasing the amount of shareholders and created increased systemic risk in the event of settlement volatility. + +4. The fact that the DTC/ DTCC/ Cede and Co. doesn’t serialize individual stock to establish a traceable transaction history is absolutely ridiculous and is the very first thing I would do if I was trying to create a nefarious system that relied on the obfuscation of share ownership. + +5. The fact that institutions in this country can fucking steal money from equity markets by deliberately breaking rules and get fined an amount of money that’s less than what they made from stealing is a fucking incentive problem. If I get fined 10$ for every $1,000,000 I steal then it’s just a cost of doing business. If you don’t change the incentive structure or ban institutions from operating after x amount of fines then NOTHING WILL CHANGE. + +6. The fact that RETAIL is not allowed to have access to the CFTC Swap Data because of a fucking bullshit “3 yEaR nO rEpOrTiNg LettEr” is obviously just a way to hide the real short interest. + +7. The fact CITADEL is allowed to facilitate trades while GME is halted is broken. + +8. The fact that SPOOFING is so prevalent and nothing is done about it is fucking broken. + +9. The fact that market makers have a “bonafide privilege” to create liquidity is broken and another way to dilute the value of a stock by artificially increasing the supply. + +10. The fact that ETF shares can be created out of thin air is fucking broken and another way to dilute the value of a stock by artificially increasing the supply. + +11. And yes PAYMENT FOR ORDER FLOW is obviously fucking broken. Institutions are literally paying for inside information and then have the audacity to internalize those orders and FUCKING FRONT RUN THEM. WTF. +… + +These are the things that I wish u/dlauer would address *as well* (maybe he can’t for legal fears or is taking this one at a time) but I’m so sick and tired of these fucking narrow ass conversations like there’s maybe 2 systemic problems. There’s so many fucking things broken and these are just the few off the top of my head. It’s for this reason why I’m not holding GME anymore to just flip some profit off a short squeeze. + +I’m holding GME cause this is the one time that I know we caught these fucking parasites with their pants down. I’ll work until the day I die and use GME stock as my fucking savings account just to stick it to these privileged ass elite billionaire fucks. + +GME is our Guillotine. +Editing because I didn’t get to say hi and I love you too all you beautiful apes. Today felt good, all positive vibes. I appreciate everyone of you for dropping by and saying hello ape, retard, friend, idiot whatever it was. Kept our minds away from things. + +Keep your heads up and your foreheads wrinkled because I know we’re all chilling and soon enough we’ll need an oxygen tank on da moon. + +Successful ad out, and still unsuccessful until next time! + +🚀🚀🚀🚀❤️ +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? +Good Morning Apes! + +So we've got some big things going on right now I + +I'll try to present some working theories as to what I think is going on right now. + +1. Deferred Settlement: + +As stated in yesterday's daily we are still unsure if a deferral on the 19th that changes the Reg T date to the 23rd is then deferred again, because the 23rd is also a deferral date? I've looked through a bunch of FINRA paperwork and can't seem to find any solid answer. I can try to call the DTC settlement line after the stream. + +2) Reported SI%: + +Yesterday we saw reported SI% pop up from two different data sources in excess of the float Thomson/Refinitiv at 113.61% and Finviz at 113.48%. The fact that these two data points are different might indicate that they are pulling the data from different sources. While it would be nice to have a few more points of confirmation these appear to be the only two for now. + +So why now? + +Last week we speculated on stream that internalizing the expected gamma exposure, either intentionally to move the dates around or due to settlement deferral, could put strain on their margin and start slowly leaking out their short position. + +The other factor we are considering is that being so close to the Futures roll date they have run into a situation were there is no liquidity in the spot market or there is no counterparty willing to assume the risk of their forward contracts and thus the original short position is getting exposed (the one from 2014-2021). We had often considered that the original short position was being packed away in derivatives and this is how the reporting requirements were dodged. With nowhere to move their futures and no volume to make use of CNS through the NSCC the short position may be spilling out from these contracts onto the market. + +3) Possible Share Recall: + +Fidelity this morning is reporting 13,767,545 shares available to borrow this morning + +[Yup only 12.1 million more than yesterday...](https://preview.redd.it/yssliah4qq281.png?width=634&format=png&auto=webp&s=9cae898f20e236c10a29cd033c2155f704518567) + +This could be a share recall if the entities short GME have been margin called, or there were issues with a locate due to the float getting locked up through DRS and the large number of options purchased last week, these things could trigger a lender recall as shares failed to be located. Fidelity may be the only one we have information on but this sure as shit looks like a recall. + +If it is a margin call, well yup that's deferred as well... + +https://preview.redd.it/pfr8mo0vqq281.png?width=820&format=png&auto=webp&s=cee95787ebbcc8c01b535dc5103c05fbc61371f4 + +[https:\/\/www.finra.org\/rules-guidance\/notices\/information-notice-120120](https://preview.redd.it/4v9rbd41rq281.png?width=873&format=png&auto=webp&s=c122d6765d07e14715f1e523503eb3dc7b14d773) + +[Check yesterday's DD for more information on this](https://www.reddit.com/r/Superstonk/comments/r4wntk/jerkin_it_with_gherkinit_s12e7_deferred/) + +I am still digging into a lot of this but I wanted to let people know what's on my radar and the what my current thoughts on this are. + +&#x200B; + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Well I tried to call the DTC settlement line on the stream and was rebuffed because I am not a registered broker dealer. I will try to call FINRA tonight and get an answer but either way tomorrow is the **absolute last possible day** for a deferment anyway. GME moved against the market there for a little bit towards close and definitely didn't suffer losses to the same extent as the other Retail ETF stocks did today. Fidelity's claim about the "glitch" happening right after SI reported at 113% is pretty suspicious but at least they reported it... Thank you all for tuning in I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/ea4wzq5jss281.png?width=693&format=png&auto=webp&s=cea51e292e1626a0729345824d4d214e529454c4 + +Edit 3:35 + +Sure cause why not... + +https://preview.redd.it/gm83vr22ns281.png?width=1613&format=png&auto=webp&s=4f0303dc96cc186d8d285c3b0ae05562a8363b8e + +Edit 1:33 + +IBKR back to 350k shares GME still pretty stagnant and still tracking the overall market volume at 1.21m + +https://preview.redd.it/otl8x0bb1s281.png?width=1624&format=png&auto=webp&s=33ced283e1f2f61a2dfeca1e6970445023c92765 + +Edit 1:02 + +350,00k shares no gone from IBKR ... + +https://preview.redd.it/30oe510svr281.png?width=1619&format=png&auto=webp&s=b18c63a7b55c8d1b3b528fc64632918b649ad476 + +Edit 4 12:42 + +GME seems to have found a bottom along with the market coming back up a little. Fidelity apparently saying the 11million shares was an error from a lending counterparty. + +https://preview.redd.it/4zoumfobsr281.png?width=1621&format=png&auto=webp&s=73461b7862cd50e8ec82711d64fa815197cb4233 + +Edit 3 + +GME still falling with the market when and if the SPY finds support we should too also this. 11m shares poof! + +https://preview.redd.it/id9ya319jr281.png?width=311&format=png&auto=webp&s=4a2eaea1feacf66a5f0bb943505ccd05ca9ebd46 + +Edit 2 10:54 + +GME falling with the overall market right now + +https://preview.redd.it/lsbieldx8r281.png?width=1620&format=png&auto=webp&s=391863e8cf33594560f11a1b9dd652a5ee959e95 + +Edit 1 10:23 + +Slight push down at market open GME's daily volume only at 273k shares traded so far the 50k shares borrowed before market open look to have been used. We have resistance at the EMA 60 @ 197.77 + +https://preview.redd.it/5oz94jan3r281.png?width=1621&format=png&auto=webp&s=1172937bb7dc94abd4e2c10e2be00aa84d0a110a + +# Pre-Market Analysis + +Definitely not 13m volume...Pretty flat with volume traded around 13k + +Shares to Borrow: + +IBKR - 450,000 @ 0.6% (50k borrowed this morning) + +Fidelity - 13, 767,545 @ 0.75% + +[GME pre-market on the 1m ](https://preview.redd.it/ninrnlrorq281.png?width=1619&format=png&auto=webp&s=752c98dba3da4149514313a9a1e76ee4cf1fc0aa) + +Arbitrage is picking up again this morning + +[CV\_VWAP](https://preview.redd.it/o8ux4lnyrq281.png?width=2447&format=png&auto=webp&s=a71c41a0e07d36f0b7712cec685e93f70b987617) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Think about it. They did not do this lightly. They have had LOADS of time to prepare for this. And even IF they are "overwhelmed" in some way, they have plenty of ways to get through that. + +Furthermore, we are a LOT smaller group than some of you seem to think. We are not going to crush their server or flood them with things they can't sift through to reach the actual good stuff. And even if we could, they can solve that problem, its not that big a challenge compared to a lot of the other things they are doing. *And even IF they can't solve it, they can at some point tell us to please not do it, and we'd stop. Its that simple.* + +The worst thing we can do is DISCOURAGE people who have something to contribute to GameStop's new thing (marketplace, whatever...) by spreading this kind of FUD. + +I myself am a creative person. I have some things that I have created, and I have ideas for things that might belong in whatever this NFT thing they're doing is. And yet, *I* felt discouraged by this FUD. I felt, surely what I create can't be of any real value to them. That wrong idea was directly supported by this subreddit's front page. These posts on our front page discouraged me. + +I'm going to muster the confidence to actually fill out the form and submit it. Eventually. But this message NEEDS to be heard here. Yall are doing harm with this FUD. + +For those who are considering and haven't decided, or even have: you will not harm anything. Your meme is valid. Your weird quirky idea is valid. Your writing is valid. Your sound bite is valid. Your animated image is valid. All of these things are valid! Especially the ones they actually listed! + +If you agree, spread this message. I don't care if *this* post gets upvoted, but the message does need to be spread. + +Edit: https://nft.gamestop.com/ +I can feel a lot of the newer autists on here scratching their heads as to why we are seeing so much red lately. I'm just as retarded as the next guy but here's my two cents, feel free to add anything or correct me in the comments. + +# Rising Bond Yields and Inflation + +Firstly if you're unfamiliar with how bond yields correlate to asset prices here's a short explanation. + +Bond yields are based on expectations of inflation and economic growth (as well as a few other things that aren't important here). As interest rates rise, the price of bonds fall while bond yields rise. + +As a result of U.S stimulus, the anticipation of the economy opening up and an increase in vaccinations the expectation of coming inflation is high. The potential for fast paced inflation during the economic recovery is causing bond yields to increase sharply as people do not want to buy them. Another important factor to understand is how bond yields correlate with company valuations, i’ll let you look into that yourself. + +Another potential reason for a "correction" is that U.S stimulus has driven benchmark indices to record highs during the pandemic, with retail investors making increasingly speculative plays with too much debt. With an influx of retail money which is highly over leveraged the fears of rising interest rates is the perfect catalyst for a sell off or potential correction. + +There is more to be said but i have to go to work so i'll leave it at that for now. In my opinion the market is still incredibly optimistic and this over reaction will be short lived. Just remember not to be an emotional retard and sell off over the coming week. + +TLDR + +Fears of inflation causing bond yields to rise, more focus on fixed income investments. +As soon as news broke of this, we had about ten people post different links in under an hour. To prevent 500 links covering this one event, l am consolidatimg discussion down to this one thread. + +As information comes out and is confirmed, I will update this post: + +***Details of the Transaction*** + +* For those unaware, AT&T will be spinning off their WarnerMedia division to form a new company with Discovery Media. + +* The transaction will be classified as a pro-rata distribution. + +* AT&T's board has authorized the reduction of the dividend by nearly 50%, with each share now having a forward $yield of $1.11 annual dividend. + +* Pre-close, the dividend was approximately 8.16%, one of the highest in the S&P 500. Post close, as of 8am EST premarket, with a Feb 1 open price of $25.09 per share, the new forward yield will be approximately 4.42%. + +* The transaction is expected to close in Q2 of 2022. + +* Each T shareholder will receive 0.24 shares of the new Warner Media Discovery stock per share owned. This will represent 71% of stock in the new company, Discovery shareholders will own the remaining 29%. + +***Links to News Coverage*** + +[Wall Street Journal](https://www.wsj.com/articles/at-t-to-slash-dividend-after-spinoff-of-warnermedia-11643716166) + +[CNBC Television](https://youtu.be/AISnHFUVUXA) +I tried to reproduce the unbelievable good results from "Predicting the direction of stock market prices using random forest" (2016) by Khaidem et al ([https://arxiv.org/abs/1605.00003](https://arxiv.org/abs/1605.00003)). + +They are predicting the stock market direction (up/down) using a set of technical indicators with random forests. + +Their published ROC curve for predicting AAPL looks like this: + +&#x200B; + +https://i.redd.it/hkqcnr2hbli31.png + +Pretty impressive, don't you think? + +After analyzing their source code and data I could somewhat reproduce this ROC curve (day model=90 days): + +&#x200B; + +https://i.redd.it/abbl77zwbli31.png + +But they are using a random split (using scikit-learn train\_test\_split) to split the data into training and test set, which is not a very realistic scenario, since you have to train your model on historical data and then use the model to predict future values. In the paper they don't mention how they are splitting the data, only by looking at the source code, which Khaidem thankfully provided, you get the information. + +So I changed the splitting, so that the first 80% of the data are used for training and the last 20% for testing. + +And now look at the new ROC curve: + +&#x200B; + +https://i.redd.it/5a7ipoercli31.png + +... all the impressive results down the drain. + +Lesson to be learned: Split your data wisely, overfitting is very real. + +GitHub repo: [https://github.com/wpla/Khaidem.etal.2016\_Analysis](https://github.com/wpla/Khaidem.etal.2016_Analysis) + +Jupyter notebook: [https://nbviewer.jupyter.org/github/wpla/Khaidem.etal.2016\_Analysis/blob/master/Random%20Forests%20Analysis.ipynb](https://nbviewer.jupyter.org/github/wpla/Khaidem.etal.2016_Analysis/blob/master/Random%20Forests%20Analysis.ipynb) + +NOTE: I did the analysis using AMZN stock data because the AAPL dataset from them has data issues. But the results don't differ for AAPL. + +EDIT: Thanks to the comments, I realized that the main problem here is data leakage (and not primarily overfitting), due to their method of exponentially smoothing and instrinsic autocorrelation of the data. The comment from user @big\_deal explains the problem to the point: "Let’s say one of the technical indicators is a 21 day moving average stretch. Day 21 has a single value that embeds information from 21 prior days and itself will be embedded in the 21 following days. So if you randomly select say half of those 40 days as training data you’ve got information embedded in both the training and test data from the same period resulting in leakage. Even if you were not using indicators that used data from multiple days almost all time series data will have strong autocorrelation effectively leaking information." +I hold BAM but also AQN, REI-U, RY, MFC + +I went through the investor day presentation and thought to myself: Why not only hold BAM (or BN from now on) + +It represents asset management, insurance, real estate, renewable energy, utility. Why am I holding all these other companies when BAM has a 15/17% CAGR and aims at keeping it this way. + +What's the downfall? Diversification? Heck isn't BAM super diversified within itself? + +Any thoughts? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +I decided to post this : + +DTCC is stalling for time to get all the rules in place so that their buddies don't get injured in the shockwaves when this volcano erupts. + +Look at LVL 2 data today. weird 23 and 24 buy and sell all day. + +someone is keeping this from rocketing to outer space. + +Look at all the new rules being made every day. + +This is to contain the blast radius and when they step out of the way. Krakatoa will erupt. + +Also, do you remember when the senators all pulled out funds from the market before it flash crashed during COVID? No one got into trouble for insider trading. + +Same thing here. lots of people are moving funds all around before KRAKATOA erupts. + +Ken will be the fall guy. + +Here is what will help pay for some of it: its already being talked about: + +[https://www.marketwatch.com/story/biden-eyes-3-trillion-package-for-infrastructure-schools-families-01616462242](https://www.marketwatch.com/story/biden-eyes-3-trillion-package-for-infrastructure-schools-families-01616462242) + +&#x200B; + +Yes its for families, and infrastructure.... that means us. + +source/citation: my hairy ass and my spidey sense. + +Thats why Dr Burry has gone AWOL- This is going to be BIG! + +Edit 1: + +actually: SOmeone just told me to read this. I came to the above conclusion with other DD and then I read this. + +[https://www.reddit.com/r/Wallstreetbetsnew/comments/mle621/the\_counter\_to\_the\_everything\_short/](https://www.reddit.com/r/Wallstreetbetsnew/comments/mle621/the_counter_to_the_everything_short/) + +Edit 2: + +Getting downvoted hard by shills: must be on to something...Edit 2.5: apparently I am not being downvoted? I just imagined it when the votes were going down? I have to add this as disclaimer for a very astute ape who pointed it out. + +&#x200B; + +Edit 3: + +Read this post: who all in congress accepted donations from your good buddy.... + +[https://www.reddit.com/r/Superstonk/comments/mlmkp6/directly\_donated\_money\_to\_congress\_members\_that/](https://www.reddit.com/r/Superstonk/comments/mlmkp6/directly_donated_money_to_congress_members_that/) + +&#x200B; + +Edit 4: This post is not meant to be a political post. It is merely showing the level of corruption. + +Edit 5: I am not a financial analyst. I am not even a cat. I eat crayons. Please do not use any information in here as anything other than pure amusement purposes. + +Edit 6: You want to know what MOASS will look like? + +[https://www.reddit.com/r/Superstonk/comments/mmda1q/nsfw\_moa\_what\_it\_will\_look\_like\_for\_hedgies/](https://www.reddit.com/r/Superstonk/comments/mmda1q/nsfw_moa_what_it_will_look_like_for_hedgies/) +I'm a big fan of Kurzgesagt and love their animation style and the various topics they cover – most about space and the universe. But they occasionally creep into other topics they want to share ideas on, and that's what they did here. As I was watching and they were talking about how most folks work to at least 65, and the average life expectancy in the US is only 79 – it reminded me more and more why I'm working so hard for FIRE by 40-45. None of us are promised tomorrow, and I don't want the "freedom years" I do have to be riddled with old-age-related ill-health. + +Give it a watch. What do y'all think? I feel like it might be a good starter course on explaining FIRE, even though it doesn't talk about FIRE in the slightest. + +https://www.youtube.com/watch?v=JXeJANDKwDc +While I was on my way to FIRE, it was rapidly accelerated when I had a windfall inheritance. With two young children I was forced to evaluate my priorities. Being 38/M/married with $3.2M, +I wanted to make sure that we, meaning the entire family, were happy. + +Because the ability to pick-up and travel would be difficult with the kids for now, I decided to focus on FI. + +I still work, and I’ve honestly gotten better at my job. Because of the lack of fear of getting fired I can swing for the fences. I sell enterprise software and have decided to no longer climb the ladder. I’m making about $150K-$200K depending on the year, but live a lifestyle that I love. I go to the gym and come in late. I’ll take a few long lunches, and typically leave by 4 PM on most days. I still hit all my quotas, but I’m not kissing ass or showing off. I’ve actually started mentoring my coworkers recently when I find they are struggling. + +I leave my laptop at work most nights and don’t answer emails from home. I will check my schedule on Sunday nights to help plan the week. + +My wife and I take a few vacations a year, all paid by salary/bonuses as not to affect my principle in the market. + +I have about 15 years before I really RE, but this lifestyle means I get to enjoy my life until then as opposed to hating life. + +FIRE has many incarnations and it seems like this sub can get hung up on what it means sometimes. +27 year old single person here (living with one housemate, but we each get our own groceries). Just curious to know how much other single Aussie individuals spend on groceries each week. Cheers! +I don't know if it already has spread the word around here, but it seems like a huge Chinese ponzi which owned 70k BTC and 800k ETH was dumping massively their coins. Highly recommended Twitter thread! /u/jtnichol /u/DCinvestor + +[https://twitter.com/DoveyWan/status/1161703117835997185](https://twitter.com/DoveyWan/status/1161703117835997185) +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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The hedges were given notice 6 months ago in October that they'd start enforcing this rule which: + +>"requires broker-dealers entering into agreements with their customers who lend the broker-dealers fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans." + +&#x200B; + +Look at the shares available to borrow: + +&#x200B; + +https://preview.redd.it/p3xl9v0rnjv61.png?width=1661&format=png&auto=webp&s=3f2bf8705fab5fabab5242ba5923fb6f1f93deac + +Hedges all of a sudden don't want anything to do with them?? This climb is representative of the actual buying pressure on a light day when apes do nothing but hold and hedges aren't able to freely manipulate the stock. But the volume is TINY. We haven't even broken 3 mil at the time of this post. The moment volume starts ramping up, this thing is going to LAUNCH into the stratosphere 🚀🚀🚀🚀🚀 +TL;DR at the bottom. + +# Preface + +We've all had some discussion here and there regarding inspecting shareholders list, aka the "stock ledger". I've compiled the relevant legal documentation here in the post and it says that we, indeed, can view the stock ledger. Note that in some areas I've omitted the parts of the laws that are irrelevant to our situation. You can view the missing parts directly from the source via the links provided. Any *laws* or *documentation* quoted below are in *italics*, and any **emphasis** added is mine. IANAL, but I know enough to read and interpret laws and research case law and get by in court if necessary. Reading the laws allows us, as citizens, to KNOW OUR RIGHTS. + +Note: during the process of writing this all out I found the [webpage of a law firm](https://wagensellerlaw.com/demand-for-corporation-books-and-records/) that basically confirms everything I've laid out here. If you have any doubts about anything I'm saying here, get it straight from a lawyer's web page. + +# Ape-tizer + +To start off, we know a couple of details from [their most recent 8K filing](https://news.gamestop.com/node/19251/html). + +Delaware is the proper jurisdiction for GameStop corporate: + +*(State or Other Jurisdiction of Incorporation)* + +*Delaware* + +And their principle offices are in Grapevine, Texas: + +*(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)* + +*625 Westport Parkway, Grapevine, TX 76051* + +*(817) 424-2000* + +# The Meat + +Delaware law says that we, as shareholders, upon demand under oath, have the right to inspect the stock ledger during regular business hours. To make a demand under oath, one would typically make an affidavit, which is as easy as writing out your demand and signing it in front of a notary public. Your demand should also include the purpose of your demand. This could be as trivial as [identifying potential buyers and sellers](https://wagensellerlaw.com/demand-for-corporation-books-and-records/) (of your GameStop stock). Note that simple curiosity will not be considered a proper purpose and will likely result in a valid denial from GameStop that would hold up in court. + +[§ 220. Inspection of books and records.](https://delcode.delaware.gov/title8/c001/sc07/index.html#220%2E) + +*(a) As used in this section:* + +*(1) “Stockholder” means* ***a holder of record of stock in a stock corporation, or a person who is the beneficial owner of shares of such stock*** *held either in a voting trust or by a nominee on behalf of such person.* + +*(3) “Under oath” includes statements the declarant affirms to be true under penalty of perjury under the laws of the United States or any state.* + +*(b)* ***Any stockholder, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from:*** + +***(1) The corporation’s stock ledger***, a list of its stockholders, and its other books and records + +*In every instance where the stockholder is other than a record holder of stock in a stock corporation, or a member of a nonstock corporation, the demand under oath shall state the person’s status as a stockholder, be accompanied by documentary evidence of beneficial ownership of the stock, and state that such documentary evidence is a true and correct copy of what it purports to be. A proper purpose shall mean a purpose reasonably related to such person’s interest as a stockholder. In every instance where an attorney or other agent shall be the person who seeks the right to inspection, the demand under oath shall be accompanied by a power of attorney or such other writing which authorizes the attorney or other agent to so act on behalf of the stockholder. The demand under oath shall be directed to the corporation at its registered office in this State or* ***at its principal place of business***. + +So this says that if you're not DRS registered, you should bring documentation with you that proves you're a shareholder. Like a statement from your broker showing your long GME position. You must also specify and affirm this in your demand. And it also says that demand can be made at the principle offices, which we've established above, is in Grapevine, Texas. + +We also know from [Delaware's legal definition of a stock ledger](https://delcode.delaware.gov/title8/c001/sc07/#219%2E) that it will include share counts. It also states that being DRS registered stockholder is the only qualification required. They can't make up extra bullshit reasons why you wouldn't be allowed to view the stock ledger. If you're a shareholder, you qualify. + +*(c) For purposes of this chapter, "****stock ledger****" means 1 or more records administered by or on behalf of the corporation in which the* ***names of all of the corporation’s stockholders of record, the address and number of shares registered in the name of each such stockholder***, and all issuances and transfers of stock of the corporation are recorded in accordance with § 224 of this title. ***The stock ledger shall be the only evidence as to who are the stockholders entitled by this section to examine the list required by this section*** *or to vote in person or by proxy at any meeting of stockholders.* + +And the burden of proof for what constitutes improper use [falls on the corporation](https://delcode.delaware.gov/title8/c001/sc07/#220%2E). In other words, any justification we provide is assumed to be a proper purpose unless the corporation can prove otherwise in court. Please note that this doesn't give you license to use any bullshit reason for the purpose. If it's bullshit they'll deny it and their denial will probably hold up in court. + +*Where the stockholder seeks to inspect the corporation’s stock ledger or list of stockholders and establishes that such stockholder is a stockholder and has complied with this section respecting the form and manner of making demand for inspection of such documents,* ***the burden of proof shall be upon the corporation to establish that the inspection such stockholder seeks is for an improper purpose***. + +# Dessert + +So in summary (TL;DR, TA;DR), as a shareholder, we have the right to view the stock ledger at GameStop headquarters during regular business hours. [There is also more law](https://delcode.delaware.gov/title8/c001/sc07/index.html#224%2E) that states that their electronic storage format is not an excuse to fail to produce and show the stock ledger. There are provisions that state they must be able to print it out for us if necessary. Though, I would suspect that might not be the best solution if they're cooperating. The most likely scenario would be they produce an electronic copy for you that you can take with you. I would suggest being prepared by bringing a packaged, unopened (for security) USB stick with you to put the data on. You'll need a written demand made under oath that states your demand (to view the stock ledger) and the (proper) purpose thereof. This can be done with a notary public. + +Y'all can tag legalese to check my work also. Now we just need a local ape to visit headquarters to get the list. + +Edit: it's funny that as soon as this post starts gaining traction Reddit shits the bed. Am I just being paranoid? Maybe. + +Update 1: + +Here's the situation: /u/xcantdj has volunteered as tribute. We've copied a letter that /u/blurfect commented and changed it a little to fit. I believe it has also been reviewed/revised by a lawyer ape. Not confirmed that he actually looked at to yet but he offered last night. Our volunteer already got a notary lined up and will likely make the trek to HQ either today, Friday, or worst case Monday. I will update this post again as new information comes in. I want to stress that some patience is required, I fully expect them to turn us away at the first request and tell us to come back later, as they have 5 days to comply. They may not have the information ready to look at immediately. I will update again as I get new info. We have another ape , /u/----_ who had done this previously with another company and they initially said it would take 3-5 days to get the information ready. + +&#x200B; + +Update 2: + +Our ape volunteer wasn’t able to make it today but is shooting for tomorrow. He also says that if he cannot make it tomorrow GameStop’s hours say they’re open on weekends. Please understand our volunteer ape also has a life like work and family he’s probably working around to make this happen. I know the suspense is terrible but I feel like this is going to be worth the wait. We’ve all got responsibilities and I’m grateful our volunteer is doing what he can to make this happen. I will update again when we have more info. + +&#x200B; + +Update 3: + +There’s not much news but people keep asking so I’ll put this update just to let y’all know we’re still working on it. We’ve got a letter written up and a notary lined up, but we still have to get it notarized and get to HQ. It’s looking like we might get notarized today but probably won’t make it to HQ until Monday. I will update again when we have more info. + +&#x200B; + +Update 4: + +It looks like the stock ledger should be [at most 5 business day behind](https://www.law.cornell.edu/cfr/text/17/240.17Ad-10). My reading of this tells me the the list gets updated with daily activity, but the updates could be up to 5 days behind. So if I were to be a new buyer or transferrer, my name could take up to 5 days to show up on the DRS stock ledger. + +&#x200B; + +Update 5, 9/26 @ 7:45 pm CDT: + +2 different apes are independently visiting HQ tomorrow (that I’ve spoken with, maybe there are others I don’t know about) equipped with their demands under oath. One of them visited over the weekend and was told they would have to come back Monday, which is not a “no”. I don’t know about y’all, but that’s got me so jacked up I probably won’t calm down for a week. + +&#x200B; + +Update 6, 9/26 @ 10:05 pm CDT: + +Nobody helped him while he was there. He's going back on his lunch tomorrow. + +[https://www.reddit.com/r/Superstonk/comments/pwsnw2/update\_to\_the\_update\_of\_the\_ledger\_guy\_spoiler/](https://www.reddit.com/r/Superstonk/comments/pwsnw2/update_to_the_update_of_the_ledger_guy_spoiler/) + +&#x200B; + +Update 7, 9/28 @ 12:30 pm CDT: + +Ape has delivered demands to HQ, is now awaiting response. Legally they have 5 days to comply. + +[https://www.reddit.com/r/Superstonk/comments/px9yo7/stock\_ledger\_demand\_update\_x3/](https://www.reddit.com/r/Superstonk/comments/px9yo7/stock_ledger_demand_update_x3/) + +&#x200B; + +Update 8, 10/6 @ 12:38 pm CDT: + +I haven't heard any confirmation from either ape, and I don't know if they'd be willing or able to file suit in Delaware court to compel compliance. I'm not a lawyer so I can't file the suit on their behalf, and I'm not eligible to file my own suit because I haven't made a demand. I'm trying to take off of work next week to take care of it myself if it doesn't get resolved this week. + +&#x200B; + +Update 9, 10/12 @ 10:12 am CDT: + +[https://www.reddit.com/r/Superstonk/comments/q6c9ed/i\_went\_to\_hq\_today/](https://www.reddit.com/r/Superstonk/comments/q6c9ed/i_went_to_hq_today/) I visited HQ yesterday and submitted my own demand. Now I have solid legal footing to follow up in DE court if GameStop doesn't comply within 5 days. The clock is ticking. At the same time I'm hopeful I'll hear back from someone without having to get a court order. + +&#x200B; + +Update 10, 10/25 @ 3:04 pm CDT: + +I've researched what it would take to get the court order myself and I've decided I just don't have time to deal with that right now so I've begun the search to retain the services of an attorney. If there are any apes practicing law in Delaware I'd be willing to pay for your services. Even if you don't do corporate litigation this should be easy enough for you to figure out. +Hello, + +For context - I'm mid 20s. Little over $1.5m NW. Will inherit quite a bit when my parents die. Unsure of my fatfire number as I want to live in NYC and summer elsewhere but the number is likely well over $30m. + +I own a rental in Ohio, I paid $120k for it in cash. It's now worth $170k-ish and makes $1500/mo net. Of course if I put that same money into VTSAX, it would appreciate to a much larger number but the ROI in cash flow when I'm older will be much greater in real estate. I.e; You pull out 3% - 5% from equities but get much greater % in cash flow from your real estate. + +I have $300k in cash right now - unsure if I should buy a duplex cash and rent it out or put it into VTSAX? + +A lot of you clearly prefer equities over real estate - why is that? Am I missing something? + +\*EDIT. I do still buy a lot of VTSAX and always will. Just seeing why I see more favoritism towards equities than real estate +35M ~$7M net worth. I have a company, of which I'm currently the CEO, it profited just over $1M last year, without much change the past 3 years. It is growing again now and we're on target to hit $1.4M this year. I'd like a test run at fatFIRE without actually divesting from my business. Just curious if anyone here considers themself fatfired while still owning majority control in small/medium business. +A significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks. Following the failure of the fund to meet these margin commitments, Credit Suisse and a number of other banks are in the process of exiting these positions. + +[https://www.marketscreener.com/quote/stock/CREDIT-SUISSE-GROUP-AG-9364979/news/Credit-Suisse-nbsp-Trading-Update-32822943/](https://www.marketscreener.com/quote/stock/CREDIT-SUISSE-GROUP-AG-9364979/news/Credit-Suisse-nbsp-Trading-Update-32822943/) +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 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). +It has done very well the last 5 years and has even recovered from a recent downturn. + +Their star manager, James Anderson, is leaving next year with Tom Slater taking the reins. + +They've reduced their exposure to Tesla. Currently big into biotech and China. + +* Moderna 8.5% +* Illumina 6.6% +* ASML 5.6% +* Tencent 4.2% +* Tesla Inc 4.1% +* NIO 3.5% +* Alibaba 3.3% +* Delivery Hero 3.0% +* Kering 2.7% +* Amazon 2.6% + +I'm wondering do you think it can continue to outperform the next 10 years? + +History suggests this will be quite hard to achieve. +Shares of Games Workshop, famous for tabletop gaming, fell 7.7% on 29th October (from **10,450** to **9,645).** + +[https://todayuknews.com/banking/market-report-games-workshop-shares-drop-sharply/](https://todayuknews.com/banking/market-report-games-workshop-shares-drop-sharply/) + +The cause seems to be a report from Jefferies: + +Quote + +‘The catalyst for this seems to have been a much more aggressive approach to protecting IP, particularly around the creation of fan sites and animation. This change has led to popular fan content creators ceasing their involvement (under pressure from Games Workshop), a lot of negative community feedback, a raft of downvotes to Warhammer video content, and, with other factors also rolled in (price increases, employee pay), calls to boycott the business.’  + +The impetus for the crackdown appeared to be Warhammer+, Games Workshop’s subscription service that provides access to exclusive Warhammer TV shows as well as figurines and apps unavailable elsewhere.  + +Jefferies said while the current noise seemed to be from a ‘vocal minority’, they trimmed their target price for the group to 12,250p from 13,200p, saying they would be ‘keeping a close eye’ on the situation. + +End Quote + +While there is no denying that some fans are unhappy, as can be seen from Reddit and Youtube, there are fans who can see why GAW needs to crackdown to protect its IP. + +Also notable is that the creators who have been producing content were asked to come onto Warhammer+ to create official IP. It is not as if GAW declared war and initiated lawsuits against the creators. This is a gentler approach, compared to the old GAW when lawsuits were their preferred means to protect their IP. + +1) Based on the "stickiness" of fans of the IP, this does not look like a permanent impairment to the business. + +2) The arguments against this is that Warhammer+ has sparse content, compared to established streaming services such as Netflix. This is something that can be salvaged, but it does suggest that GAW has a long ways to go to create enough content for the platform. + +I would argue that Warhammer+ is a necessity to diversify revenue streams. The revenue from selling tabletop models dwarf the revenue from IP (such as royalties etc). GAW has every incentive to make this work. + +Would love to hear critiques on the company and the above points, thank you. +Hi everyone! I've been using YNAB for almost 2 years and it has helped me a lot. Today they announced they are increasing the already high price for their service to 14,99 USD/month or 99 USD/year, so I am looking for an alternative. + +I enjoy the envelope budgeting system and that it encourages you to assign all of your money to a category. + +Anyone using any good alternatives? +Back in february when the whole GME hype started, I saw a couple threads popping up that the Dogecoin comminity is planning to rise as well. It was too late for me to invest in GME as it already spiked, so I tried my luck with Doge and bought at 0.05€ for 50€. Not to be too risky with my first investment ever... 2 months later I cashed out (a bit too early) and made about 180€. So my total wallet was now €230, which I planned to invest in Doge again once the price dropped. + +Luckily the price stayed up and I realized that if I'd put my money back in Doge, I would only lose. Either the price stays up and I end up with less doge than I initially had or I buy when the price drops and end up with less € if it continues to drop. + +So I started looking for alternatives to invest my winnings. I searched for other "cheap" coins, that had a lot of potential to grow, by reading this subreddit and came across VET and ADA. I gained some confidence by profiting from the doge investment and deposited another €500 into my wallet. I put €300 into VET and 350€ into ADA. I might put the remaining €80 back into Doge. It's an unpredictable meme after all, so who knows what happens. + +I'm planning to create a more diverse portfolio if my current investment works somewhat out. Doge might not be the most popular among the altcoins in this sub, but it was a great starting point for me and made me interested in other crypto currencies. I also want to thank this community for being insightful, helpful and welcoming to crypto newbies. +I've noticed how disinterested I've been in my crypto holdings for the last couple of weeks because of how the market has been behaving. I feel confident in the coins I own and intend to just hold them, and will check my overall account balance 1x / day..see it's -$300 and close it and move on. But I used to check this sub and my crypto stuff multiple times a day..and the passion has just left me because everything seems 'meh' right now. + +I can't be the only one. +My wife is graduating this Spring and just landed a job to the tune of 80+k. I still have two years until I graduate and we are both comfortable with our current frugal circumstances. Neither of us have any debt and with our small income from student work, research, and internships we could make it through the next year or more without using any of her income. + +&#x200B; + +Essentially, we will be jumping from 20k to 100k a year. Neither of us have ever experienced money like this. We want to increase our credit and put our money where it will grow. We are trying to plan out the next 4-5 years. What sort of plans would you make, what investments should we look into and what things might we not be aware that come with having a large income increase? + +Edit: Thanks for the great thoughts. So get the 401k match, max both IRAs, and then finish the 401k with a 3-6 month emergent fund seems like the ideal. +With what remains, how can we prepare for big purchases (house) and starting a family in the next 3-5 years. What options are there to provide a good return over the next 5-25 years? I’d like those funds to work for our family, not just our retirement. +I've never felt so financially confident before and it feels like a breath of fresh air. + +Thank you everybody for the great tips and tricks on this sub, all of them have added up! 😃 + +- lessening feelings of shame around my finances +- motivation and comfort +- seeing people discuss what worked for them + +Every little helped! + + +Edit: I am overwhelmed by all the kind and supportive comments, thank you everyone so very much! You all are the best! It's made my day! +Every time I come on this subreddit there is never anticipation posts. It's always get in now before its too late and the stock will already be up 400%. I would go on the penny catalysts subreddit and there was a chart with several companies with expected news, the exact catalyst, a date, and some type of link to provide proof. It was almost too easy to make money on there. I like reading what people post on here to maybe give myself some direction into what I may want to start researching into, but for the most part its just posts about companies that have already popped off. I really wish the pennycatalyst subreddit was still up and running, but the mods and creator have completely abandoned it. The idea of the chart being consistently updated with very valuable information and proof (weeks if not a month in advance) on MAJOR CATALYSTS while being approved by the mods was genius. If anyone knows where I can find a resource similar to that please let me know. I miss making money like I was 6 months ago. +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +[Today's Jungle Beat features an article by our fellow mod, u\/Bradduck\_Flyntmoore!](https://preview.redd.it/go6xeb19vp171.png?width=1426&format=png&auto=webp&s=b3de2da0b4cc6cea78b6587b17d3076cd56ef57d) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# 🥁 🦍Welcome to the Jungle🦍🥁 + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $254.13 + +Open Price: $229.80 + +Daily High: $264.00 + +Daily Low: $227.00 + +Volume: 15.23 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ✏🚌 GME 101 🍎🖍 + +*If you're new to Superstonk, start here!* + +&#x200B; + +[possible, it is](https://preview.redd.it/sf6fokg8lp171.jpg?width=810&format=pjpg&auto=webp&s=ad93ec42c3482bba62ec9cdf562f1192feadae76) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +&#x200B; + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +&#x200B; + +Also, as you probably know, u/Atobitt has dropped HOC II&III. Pretty sure it crashed reddit last night! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +&#x200B; + +[go read it now!](https://preview.redd.it/scgouvvepp171.jpg?width=512&format=pjpg&auto=webp&s=ac7f58be3b4066bd880f43d7b4fc4c5a9c68a8d7) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Our next AMA will be Lucy Komisar hosting Wes Christian! + +[**Don't miss Lucy Komisar and Wes Christian next Wednesday, June 2, 2021 at 4:30 pm Eastern on Superstonk Live YouTube!**](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +&#x200B; + +https://preview.redd.it/9tmhi63oqp171.png?width=1542&format=png&auto=webp&s=7df48cf998290778e96533105feea541133863ae + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Word from u/Bye_Triangle about how Superstonk is POPPIN' + +&#x200B; + +When I woke up today, I saw the most beautiful sight I thought I would ever see... 100k apes online! I saw this number and my jaw dropped. but then... + +&#x200B; + +**11:00 am - 123k** + +**11:45 am - 130k** + +**1:00 pm - 131k** + +**2:27 pm -135k** + +**2:31 pm - 147k** + +**3:00 pm -149k** + +**3:17 pm - 152k** + +# 4:20 pm - 173,000!!! ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°) + +&#x200B; + +So yeah, 100k was just the beginning. Today r/Superstonk has reached a pretty exciting point. Not only did we continue breaking record highs with regards to our users online, but the retention of those users was outrageous. To put into perspective the kind of numbers we are dealing with, check out this post + +&#x200B; + +u/flyingsaxophone [Posted about it here](https://www.reddit.com/r/Superstonk/comments/nm9a0n/120k_apes_online_right_now_the_worlds_largest/) + +&#x200B; + +https://preview.redd.it/uigaslibup171.jpg?width=4608&format=pjpg&auto=webp&s=ea9298583de4c7d1a2a01b27c6b1bfda929c0616 + +This is Modi Stadium in India. Its a cricket stadium and it truly is the largest sports stadium in the world. Holding a maximum of 132,000 people. When he posted this we hadn't broken past 120k but as of writing this, we would have more than sold out that stadium with our 149k online (OMG)... and that isnt even to mention the WHOLE OTHER HALF OF US NOT ONLINE. + +&#x200B; + +If there was ever a doubt that we can make change, there isn't any longer. To those of you who feel yourself doubting that apes together are strong... look at that stadium... thats only half of us. + +**OOK OOK motherFUDers** + +&#x200B; + +&#x200B; + +[Our online membership vs WSB](https://preview.redd.it/f105p57tup171.png?width=1570&format=png&auto=webp&s=e346e48a1e52c51bc9a8a2c21674cd12e7eb52ac) + +Back to u/pinkcatsonacid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Bananya Cat Game 🍌🐈🌝🚀 + +&#x200B; + +[Credit to u\/CrayolaDinner for this screenshot!](https://preview.redd.it/n3xnlkg1pp171.png?width=649&format=png&auto=webp&s=19cab304185f7d2bc57e71ae6431f81c65a15924) + +&#x200B; + +**I am choosing to believe the bananya cat game was made discreetly, yet directly, for us apes at Superstonk.** + +&#x200B; + +[NFT.Gamestop.com](https://NFT.Gamestop.com) click the little white dot in the top right corner! + +&#x200B; + +So u/Bye_Triangle and I decided we wanna see those high scores! + +&#x200B; + +Drop your high score in the comments! We will be looking for the apes that have beat the game cuz **YOU GET A CUSTOM FLAIR!!** + +Bananya Cat Wizard 🍌🐈🚀 + +^((yes that's a pinball wizard reference)) + +GO BEAT THE GAME SO WE CAN SEE WHAT'S AT THE END! THERE MUST BE A SECRET MESSAGE OR SOMETHING! + +Drop a screenshot or comment your high score below! 👇 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- The Reverse Repo Rate Nightmare + +Essential reading to understand: + +[The Imminent Liquidity Crisis & Reverse Repo Usage- The Smooth Brain Edition](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/)\- by u/plants69 + +&#x200B; + +https://preview.redd.it/sujfo7bsqp171.png?width=960&format=png&auto=webp&s=118f29544f185336b0bae98a8838307c85f586a6 + +[Here's the link to see the daily rate for yourself.](https://fred.stlouisfed.org/series/RRPONTSYD) + +&#x200B; + +**FYI $485 Billion is the highest in history.** + +&#x200B; + +https://preview.redd.it/c9ejyzvksp171.jpg?width=927&format=pjpg&auto=webp&s=05055b3ae536d92e79d1ae4f9ea702eeb7eab8b6 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/Bradduck_Flyntmoore + +# Personal FUD: Defeating the Enemy Within + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! Today, I'd like to talk to you all about Personal FUD and how to overcome it. What IS personal FUD, you might ask? For the newer apes who might not know, FUD is an acronym meaning Fear, Uncertainty and Doubt. It often comes in the form of shills using disinformation or misdirection, even straight up lies or threats. BUT, it is also all those negative thoughts creeping around in your head that whisper negativity to you. + +&#x200B; + +"You didn't earn this." "It'll never work out, it never does." "You'll find a way to mess this up, just like everything else you touch." "Other people deserve this more than you." "Give up, it isn't worth it." "What about all the people that will suffer if you break the economy?" "You never get lucky, this is no different." Those are just a few examples of personal FUD. The things we say to ourselves that bring us down and make us question why we are even here in the first place. + +&#x200B; + +I've seen a lot of apes go through this, especially when they first get deeply involved with GameStop. Hell, I went through it. It is for this reason I write to you today, to let you know: apes together strong; you ARE worthy; and you DO deserve happiness and tendies. I shall now elaborate. + +Whose capital are you investing? Yours. Whose time are you dedicating to learning about the stock and the market as a whole? Yours. Who has to deal with the shills constantly trying to drag apes down and convince them they are wrong? It's YOU! It is all apes. Who has been patiently waiting for days, weeks, or months, only to watch the stock get manipulated like crazy? You again. But guess what? Apes are STILL winning, despite all the fuckery they can muster. + +&#x200B; + +**Nobody made you do any of that. It wasn't luck. It was all a conscious choice you made to better yourself, your life, and the lives of those you care about.** Is it a risk? Sure, most worthwhile things are. There is no way to know what the future holds. This risk, unlike most others, however, is extremely calculated. There is a mind-boggling amount of info supporting a MOASS. Hedgies r fuk, as the saying goes. Just look at the media for confirmation. How long has this "been over" now? I don't know about the rest of you, but I ain't hear no bell!! + +&#x200B; + +As a community, I've seen some incredible love and respect and knowledge and kindness and humor being passed around. Blows my mind every day. This is, in my humble opinion, the greatest place on the internet, and what apes are doing WILL change the world. It has already started. Just look at all the new rules that are being put into place because of the actions of apes! Look at the extremely knowledgeable, industry professional AMA guests that come here and the light that burns in their eyes upon seeing how serious apes are about breaking the corrupt game to pieces. It's amazing. They know it, I know it, apes should know it, too. + +&#x200B; + +I'd like to leave this on a note for those who still have Personal FUD rattling in their heads, despite what I have said here. Reach out to your fellow apes. Engage in the community. Learn. Laugh. Don't be afraid to talk about your Fear, Uncertainty, and Doubt. WE HAVE ALL BEEN THERE. Some of us likely still are. Lean on the apes that have more experience or have been in the game longer. Apes Together Strong means helping each other become better than we are, every day. I do not Fear for our future, rather, I am excited for it. I am not Uncertain of the outcome, as we have already won; it's just a matter of waiting for reality to catch up. And I do not Doubt apes will change the world, as I can see it happening before my very eyes. + +&#x200B; + +# Power to the Player! 🚀🌙 + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE YOUR SHARES + +&#x200B; + +https://preview.redd.it/x9pywqxawp171.png?width=842&format=png&auto=webp&s=6f5f0fe0201b47076b70df10e5dd43d1fe3a7b61 + +[**This masterpiece DD on Voting tells you all you need to know to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) **HUGE SHOUTOUT TO** u/nauaf\*\*, our fellow mod, for putting in the time and effort to get this information into 1 document!\*\* + +Voting is not only how we expose [the illegal activity that has been plaguing our financial markets for almost a century](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/?utm_source=share&utm_medium=web2x&context=3), as Lucy Komisar pointed out.. + +&#x200B; + +But it's also ACTIONABLE PROOF OF DAMAGES IN A US COURT OF LAW, as proven by our guest Wes Christian. + +&#x200B; + +That means if we know a good lawyer, a lawsuit can be arranged, once we have proof of damages ;) + +(smooth brains- proof of damages = proof of overvoting) + +&#x200B; + +So this is it. This is the final room with the chest that has the boss key. The bokoblins are guarding it. We just leveled up and got the Master Sword with u/Atobitt's DD drop. Here we go, apes. It's show time. Vote those shares and let's show these fuckers who they messed with. + +&#x200B; + +https://preview.redd.it/0xgg7nrlxp171.png?width=1000&format=png&auto=webp&s=c869c5072a08db9cf0f1d3780650434b7bdc9871 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A note from your friendly local Pink Cat 🐈🦄✨ + +&#x200B; + +On yesterday's Jungle Beat, as many of you may have seen, I was just sitting there chilling in the comments, giving people flairs and trying to get back in the groove of things. Reddit was being wonky at the time, so I thought it was just me at first, but I realized that + +&#x200B; + +**THE ENTIRE TEXT BODY OF THE POST DISAPPEARED.** + +&#x200B; + +Now, the post *didn't* get deleted or removed. It was somehow *edited* down to only the header and intro part of the post. After sitting in shock for about 5 minutes and getting u/Bye_Triangle's eyes on it, we confirmed it disappeared out of thin air. I ultimately deleted the post because it was an empty shell siting there. + +&#x200B; + +Idk, I wasn't logged into u/TheJungleBeat at the time, I was logged in and interacting with you guys as Pink Cats. So it couldn't have been an accidental edit on my end. + +&#x200B; + +Long story short, if you experienced this yesterday with the reddit glitches, I would **LOVE** to put the mystery to rest. I was pretty heartbroken to find all that work disappear with no trace. (Literally. Our awesome mod u/catto_del_fatto looked everywhere on the back end for it. Poof. Gone.) I don't know what happened to it. Even the draft for it is gone. Reddit admin has only offered the solution of changing the password and taking precautionary steps against a hack. + +&#x200B; + +And after internal discussion with *every* other possibility, it looks like that's probably the only answer... + +&#x200B; + +So, I appreciate your patience as we have figured out the growing pains of the Daily sub piece and what it will be called, when it will be posted, who will be posting it... etc. This piece will now be posted again by yours truly, because we had to take precautionary measures with the u/TheJungleBeat account, SO THERE WILL BE NO MORE OFFICIAL POSTS BY THIS ACCOUNT! We decided that third party accounts are a bit too vulnerable obviously, for the serious level of online attacks we are dealing with. + +&#x200B; + +It's been a rough week. + +&#x200B; + +Y'all have been so accepting, loving, supportive, and just altogether magical. I would literally do anything for this community. From the bottom of my heart, thanks so much for feeling like this pink cat's home. ✌💖🦄 + +&#x200B; + +[**P.S.- Turn on 2 Factor Authentication on literally all your important accounts.**](https://www.theverge.com/22215571/factor-authentication-2fa-apple-microsoft-google-how-to) **🤙** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉HYPE WEEK🎉 + +Mon - Lucy Komisar AMA | T+35 + +Tues - T +21 + +Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) + +[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) + +Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) + +[(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) + +|Harambe's Birthday + +Friday - Harambe Memorial Day (R.I.P.) + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week... + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/jko08mi1mp171.png?width=1600&format=png&auto=webp&s=a16fad595ddf899b3a9b336aa1dabe1b0d06b2b7 +https://www.bloomberg.com/news/articles/2020-02-23/intuit-nears-deal-to-buy-credit-karma-for-about-7-billion-wsj + +Do you think CK will still offer its free tax software? +Hey everyone! My name is Erik, I’ve been investing since high school. I have done well - largely due to mentors helping me along my journey. While I was in then Marines I used to teach my friends to help them out. With COVID I decided to try and help more folks and started a YouTube channel so I can share more complex explanations and so we can learn from one another. It’s completely free, I don’t sell anything whatsoever and have no affiliates. I started the channel specifically to give back to the community and pay it forward as my mentors did for me. + +If anyone wants to talk about anything, whether it’s strategy, trade generation, portfolio management, derivatives, etc I’m happy to discuss all. If I can do a video on anything to help explain a topic, just let me know. It’s all user led content. + +Looking forward to chatting! +When you do your DD what exactly are you looking for? What makes for an undervalued stock that you think will go up soon? Low Volume? Low P/E? Just reading news on the company? +&#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! 🚀🚀🚀🚀🚀🚀🚀 +Look upon me and tremble you lesser mortals. + +With the merest click of a button I can change the direction of the forex market. Support and resistance is totally powerless. It doesn't matter what the indicators say. Trendlines are irrelevant. Political upheaval not important. + +If I choose a stock to buy the market instantly plummets. If I choose a stock to sell it immediately recovers stronger than ever. + +Fear me. + +To be honest though, it is a little frustrating. I have learned to use indicators, support and resistance levels, candle patterns, stock chart patterns, trend lines... + +It feels like the moment I place a bid the computer the algorithm knows and screws me. God help me if I ever use real money. +This is not much, I’m just too excited to keep it in lmao + +I’ve traded demo accounts for a bit but I would never stick to a strategy, so I went to a live account and deposited $50, it’s not much but I’m learning from it. Ive tried scalping strategies but none of them were actually consistent, I blew half the account. I then focussed on support and resistance but nothing hurts more than a big past the support line, lost a couple from that. I then just decided to study the EURUSD pair, focussing on just that atm, and see how it moves, and I’ve been gaining little amounts here and there. + + I put in a trade last night, going with the H1 trend, it dipped for a bit, which was disheartening but decided to not get emotional and closed my laptop. And now I come back with nearly my account restored! +It may not be much to others but it’s a win for me :) +Looking for some opinions on Brookfield's separate stocks- Infrastructure, Real Assets, Renewables, etc. Do they all feed into BAM, or is it more of a pure play for those looking to bet on a sector that might out-perform in the future? Several of these companies seem to have under performed over the past few years, yet BAM keeps on compounding. I haven't dug too deep, just wanted to see some views on the company and it's parts. +Normally I would say no, as I always try to get the best deal possible on my properties, However, I feel a little uneasy on this deal. +I met a guy at a social event and he told me he had a rental he has had for years and is thinking of selling. +This guy is a little older in his 60s, and told me he was happy because his property appreciated to $170k. I was surprised because in this market I have not seen anything under $275k for a while. I asked him where he got this number, and said he got it from his county tax assessment statement they send each year. +As you know, this is NOT what the property is worth, just what the county uses to base taxes off of. I said I would buy it for $170k from him and he agreed. I am now a week from closing and after my due diligence, The property is in great condition and would probably sell for $270k-$300k. So he would essentially be giving me $100k+ unknowingly. I didn’t trick him into a price, he brought up the price and I said I would buy it. +I am thrilled that he is selling it to me but I cant help but feel like I am screwing him over. He is blissfully unaware of the value of his property. Would you consider this an unethical purchase? +ok, I work for FINRA, so let's get this straight. + +RC had access to non-public material information because he has been meeting with the board of directors over at BBBY. We all know this. He sent a rather poignant letter many moons ago. He even advised the share buyback. He also ~~owns~~ owned a substantial portion of that company in common stock. The options do not count towards his share count. + +In my professional opinion, and yes, it counts, because if this were ever to land in my arb room, I'd determine the same: + +RC is an insider at BBBY. That is why they submitted a form 144 and 13f to cover their bases. + +Done, now move on people. + +MODS, happy to verify if needed u/platinumsparkles can confirm my identity and position. +I understand Nigeria isn’t the most stable country but I’ve never seen a discount that high. What’s the deal? + +Edit: I’m asking how/why the discount to NAV is so high, not whether it is a good investment. + +Usually premiums/discounts to NAV are a couple percentage points apart. What causes this to be 35% off? +If you believe its going to follow history and be adjacent to the DOW, then it has a looong way to go, or the DOW needs to "man" up! + +https://preview.redd.it/s7ouptggqj581.png?width=2268&format=png&auto=webp&s=fb828620e2916906dac1038b276a8e238017d4d2 + (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 :) +This was brought to my attention by u/Expensive-Two-8128 's [post](https://www.reddit.com/r/Superstonk/comments/ysgtzh/futures_tracker_that_includes_gme_tokenized_stock/) outlining something really weird going on with FTX. I have never seen this before and at first glance, in light of recent events, this stood out as weird, **although possibly nothing.** Key word from title is **may**. Let's not get too excited while we take a deeper look. + +# Important to note + +* **This is not GME tokenized stock. This is a December futures tracker.** + * Each coin on FTX has three futures: a contract that expires this quarter, a contract that expires next quarter, and a perpetual future. + * **Collateral for the futures is in stablecoins.**  The current set of accepted stablecoins is USDC, TUSD, USDP, and BUSD. + * FTX futures are **stablecoin settled**: you deposit stablecoins as collateral for all of the futures, and your PNL is settled in stablecoins.  This means that you get legitimate USD-based price exposure and settlement, without needing a bank account; you can also use the same base currency as collateral for all of the contracts, making it easy to shift your positions around. + * FTX futures have a unique **backstop liquidity provider** program which jumps in to provide to accounts in danger of bankruptcy, helping to **avoid clawbacks**. + * FTX futures have **careful, measured** margin calls to avoid large price dislocations. + * **FTX supports up to 20x leverage.** You can adjust your maximum leverage on the settings page.  Note that the maximum allowable leverage on FTX is lower for large positions. +* This future contains 5 stonks, CanineCoin and FTX's FTT coin. They can be seen in the screenshot below. +* I don't believe this is the same as what we've heard about people swapping their crypto held on FTX for tokenized securities to protect deposits from bankruptcy claims. + +\--- + +Here we see the FTX platform outlining this Future #1230, this chart has 5m candles and is zoomed into today's price action. + +**The price increased from $795 at 8:10am EST and peaked at $52.6k by 1:15pm, which is when the decline began.** + +https://preview.redd.it/wiqwmldkgdz91.png?width=1366&format=png&auto=webp&s=2d96065bd94d7ffaf3d709a73de6caac18aa141d + +**MPT** (MOASSPROTIP) **:** See that massive dip in the middle? During MOASS don't be fooled by things like that. It snapped right back. + +*"Ya but look how it tanked at the end!"* + +Just wait. + +https://preview.redd.it/yoxzdgdkgdz91.png?width=1366&format=png&auto=webp&s=cb3fbb497a8cec75ab4f68ea4144c202ff04c218 + +Down on the bottom left of this screenshot (below the chart on the website) we see the order book. Green is the bid (buy) side and red is the ask (sell) side. White numbers are the volume, coloured numbers are the value. + +So what do we see here? Well as you can see on the sell side, there are very small volume trades that seemed to have been the reason for the massive dip in price. (where have we seen that before?) The tiny amount of 0.00X volume trades have a price of around $1k. The next jump up is to $120k, well above where the price on the chart tanked. + +Yet another reason, regardless of whether or not these are legitimate numbers, that you shouldn't get spooked by volatility during MOASS. + +You can tell this wants to spike back up because the top end of the most recent wicks are flat. This is price control. + +\--- + +FTX and their bankruptcy are involved. Stablecoins are involved. Gamblers are involved. Other stonks are involved. Other coins are involved. GME is just one of the things that are involved. I'm not making any claims about what could be happening here. + +**But it's not normal.** + +\--- + +edit; FTX Futures are backed by 4 stablecoins (USDC, TUSD, USDP, BUSD), so I looked at their charts over the past day to see if there was also anyhing unusual. + +Firstly, BTC fell off a cliff around 830am this morning, losing almost exactly $1k in price. Not long after the FTX future popped. BTC is pretty volatile these days so it would be a stretch for the time being to assume these events are linked, but the timing is sus. + +https://preview.redd.it/815jhhrusdz91.png?width=1344&format=png&auto=webp&s=d211a20fa38658c9e2d8ba7795f05894d1d80d2e + +Here's USDC's spike from yesterday, shown on the 1M scale for context. Today was relatively normal. + +https://preview.redd.it/osukw0citdz91.png?width=1358&format=png&auto=webp&s=b761ae005eff7b332226952944901c6fede7374c + +And here's the only stablecoin with somewhat of an noticable change today. A spike in volume around 9am this morning, 217k at 9am, 377k at 915am, and 608k 945am. Spread didn't move much. + +https://preview.redd.it/jluyihrusdz91.png?width=1366&format=png&auto=webp&s=549967814ec687617820c13fd3dd91a2414b1c53 + +Why does this matter? Who knows, but logically if the stable coins backing FTX Futures are also doing funky stuff then it's probably not a glitch or error. +In a pinch. Just started a full time job at 60k. Need some money to hold over for a couple of weeks until I can accumulate money. Is a loan or credit card better to do? +The VIX yesterday fell to 19.78 - the first time below 20 since February. + +A lot of us started thetagang during this high volatility environment, and this is all we know. + +Of course, it is possible that this is just a temporary dip. However, I'm curious as to how you plan to adjust your trading strategies if the VIX and thus premiums continue to fall? +Did you ever pick individual stocks or have you been indexing from the start? What have you learned along the way? What has been your approach snd strategy with deploying cash at specific timelines? Have you calculated your Average ROI over this timeline? +Look, I'm just going to be blunt here. They're probably going to get the sub pulled. Reddit's rules are offensively easy to manipulate. Even the basic spam mitigation techniques implemented by the mods on Superstonk are comically easy to manipulate. I know this because I implement these things professionally, for businesses. + +Hedgies can launch an artificial brigading campaign and make it point back to Superstonk at any time they want. They have the accounts. They have the motivation. They are criminals. We know all of these things. + +They're counting on you focusing on the Internet. You don't need that either. From day 1, there has been only 1 things Apes could do to impact this situation. DRS. That's it. DRS. Everything else is noise. I won't try to speak for you. But I'm an investor who is incredibly excited about Gamestop and the future for that business. I know the best way I can support the company is by buying/doing business with them and direct registering my shares. + +If Superstonk disappears, you know what I'm gonna do? Keep buying and DRSing. I'll miss you crazy, goofy bastards. But I'm an INDIVIDUAL investor. I've chosen my path. + +Not financial advice. +Want the ultimate lesson in weak hands? Listen. Really listen. Realize this could be you. I had 2.0722 BTC. I was so worried about getting my money back after investing $9000 at 11,300 that after the bounce back, despite KNOWING the halving would cause insane prices, I sold everything at $11,400. + +I could have $110,000 right now, and be a solid THREE AND A HALF YEARS ahead of where I am in terms of savings. That isn't casual saving money, thats saving EVERYTHING I have to save, with absolutely NO discretionary spending. When you have a gut feeling, don't you dare fucking go against it. + +On some level I hate myself for this, because I knew and saved for 4 years because I KNEW this would happen, and I still passed it up. Don't be afraid, be excited that you don't know where things could go because they could be so much better than what you think is possible. +https://www.cnbc.com/2020/09/02/teslas-largest-outside-shareholder-reduces-holding-citing-portfolio-restrictions.html + +Baillie Gifford, Tesla's largest outside shareholder, has reduced its position in the electric auto maker after the company's rapid share appreciation made it an outsized influence on the firm's holdings. + +A filing with the Securities and Exchange Commission on Wednesday showed that the U.K.-based fund group now owns less than 5% of Tesla, down from 6.32%, according to data from FactSet. + +"We intend to remain significant shareholders for many years ahead. We remain very optimistic about the future of the company," Baillie Gifford's James Anderson said. + +Shares of Tesla were down 7% during early trading on Wednesday. +My primary form of investment is real estate. What isnt being used to buy or fix properties normally sits in a few dividend/growth companies like apple and nvda or something. + +I started using a credit union for all of my house purchases roughly 2 years ago. After the first year I found out the credit union gives out dividends from their profit. This year it was .37 for interest from my savings, and .077 or so for every dollar paid to loan interest. Because I have a few thousand in loans I was able to get about $700. This will probably sit in my savings account for next year, so Im excited for the next one. + +Credit union payouts are new to me. It was a nice surprise. + +Edit: I was a little off. Almost all of the money came from me just having loans. Still a dividend. +**RED ALERT: The Senate is about to vote on a bill that could kill crypto** + +This is a red alert. A provision that’s so [poorly](https://www.techdirt.com/articles/20210802/17045447294/bidens-infrastructure-bill-shouldnt-undermine-cryptocurrency-infrastructure-process.shtml) written it could crush the cryptocurrency ecosystem and dramatically expand US government [surveillance](https://www.eff.org/deeplinks/2021/08/cryptocurrency-surveillance-provision-buried-infrastructure-bill-disaster-digital) has been added to the must-pass bipartisan infrastructure package at the last minute. Fortunately, Senators Wyden, Toomey, and Lummis have introduced an amendment that would fix the language and clarify that the expansion of the definition of a “broker” doesn’t apply to open source software developers or validators like miners or stakers. + +**Call your Senators right now at 517-200-9518. We'll connect you to their offices and guide you through the process.** + +**When a staff member answers, tell them:** + +**“Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”** +&#x200B; + +https://preview.redd.it/tysb9jy9kbw61.jpg?width=700&format=pjpg&auto=webp&s=89a873140e058d746b58d9c21a348573747e3f4e + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy a Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/fc32n4nfkbw61.png?width=750&format=png&auto=webp&s=1eb827af99cc845ff738454ce2f402a2da0bfcb5 + +Origin's history has its roots in the 1940s as part of the Australian conglomerate Boral Limited. The original company covered building supplies, oil refining, tire manufacturing, and gas supply. In 2000, the energy assets were spun off as their own company, which became Origin Energy. + +&#x200B; + +[Business Model](https://preview.redd.it/ldtr0dljkbw61.jpg?width=1159&format=pjpg&auto=webp&s=8b07c39b7239919d0ca6a77a85d5fc0b03802791) + +Since then, Origin Energy has established itself as the largest energy retailer in Australia, with 4.2million customers nationally. They own the largest coal power station in Australia and the largest fleet of gas power stations. Further to that they own green energy assets like a pumped hydro plant, and have contracted supply of solar and wind assets. As part of their retail energy package, they also sell natural gas and LPG. + +&#x200B; + +[LNG production joint venture](https://preview.redd.it/mw87z0s2lbw61.jpg?width=879&format=pjpg&auto=webp&s=90e792770d6db488b41d4fb8e96beb0a801b5d2a) + +As large as they are in the energy business, retailing only represents about half of the business. Origin is also an integrated gas company, which is involved in exploration and production of LNG. On the exploration side, they have major fields in Beetaloo Basin (NT), Browse Basin (Coast of WA), and Cooper Basin (QLD). On the production side, they have a 30% joint venture in Australia Pacific LNG (APLNG), which consists of an outlay of gas-fields in the Bowen and Surat Basin (QLD), pipelines, and an LNG facility on Curtis Island near Gladstone. + +# The Checklist + +* Net Profit (ex abnormals): positive 9 of the last 10 years. Good ✅ +* Outstanding Shares: stable L5Y (one major cap raise 2015 for APLNG). Good ✅ +* Revenue, Profit, & Equity: stable but not growing L10Y. Neutral ⚪ +* Insider Ownership: 0.8% w/ on market buying in last year @ \~$5. Good\* ✅ +* Debt / Equity: 44% w/ Current Ratio of 1x. Neutral ⚪ +* ROE: 5.5% Avg L10Y w/ 6.8% FY20 Neutral ⚪ +* Dividend: 6.7% Avg L10Y Avg Yield w/ 6% FY20. Good ✅ +* BPS $6.71 (0.6x P/B) w/ $3.41 NTA (1.2x P/NTA). Good ✅ +* L10Y Avg: SPS $8.98 (0.5x P/S), EPS 50.3cents (8.3x P/E). Good ✅ +* Growth: +3% Avg Revenue Growth L10Y w/ -11.4% FY20. Neutral ⚪ + +^(\*The insider % is small, but for a company with a market cap this large it’s unusual for insiders to own a large portion. That being said, the CEO owns 650k+ shares with about the same again in options. Even at today’s low price, it’s about $5million combined worth. A few other directors purchased on market last year, one of which in Dec bought $500k worth.) + +**Fair Value: $9.36\^** + +**Target Buy: $5.86\^** + +^(\^ Based on average SPS, EPS, and current NTA. This will be significantly revised in The Target section below.) + +# The Knife + +[10Y Chart](https://preview.redd.it/s2500a5flbw61.jpg?width=962&format=pjpg&auto=webp&s=33f1f636b181ba8f2f13b40e6c53a831e8824bb4) + +Between 2008 and 2011, Origin traded as high as $14.33, albeit at quite a few less shares. At its height, it commanded a market cap of $17.5billion. + +Since then, it’s had its ups and downs. In 2016, ORG hit a multiyear low finishing Jan of that year at $4.10. It recovered and climbed for years reaching just under 17 billion in MC in 2018. But by the end of the year, it had lost a third of its value yet again. + +Those that bought ORG all those many years ago in 2011 are down -70% on their capital. The dividends might have soothed the pain of these loses, but would not come close covering the extent of the fall, amounting to a total of only $2.78 per share since 2011. + +Those that bought in May last year, coming off the sharp crash earlier in March, would themselves be looking at a -25% loss. Shocking given how much it had already fallen just 2 months prior due to the pandemic. + +At today’s close of $4.15, Origin is the #70 ranked company on the ASX. It has a market cap of 7.3 billion, less than half of its all-time high. + +# The Diagnosis + +The Short Answer: There is no short answer. + +Origin is a complicated business. Its footprint covers two sectors and multiple industries within those sectors. While its business is all about energy, that manifests in several ways. Not to mention covering just about the entire supply chain that it deals in. + +&#x200B; + +[Infrastructure Overview](https://preview.redd.it/ut1svedilbw61.jpg?width=1259&format=pjpg&auto=webp&s=9afe9c5ec8efdd4aafade1208b309ea8f0582c26) + +That being said, are two main halves to Origin. The electricity retailer market and the LNG exploration and production market. Each has its own set of interrelated headwinds. + +**The Electricity Market** + +I wrote a bit about the problems for base load power generation within the National Energy Market (NEM) in the first post of this series: [Catching the Knife: The Second Australia Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/). It might be worth having a brief look to understand the issues at play here. + +The basic synopsis is that the increasing presence of green energy sources like solar and wind present a unique problem for base load power producers. Especially for those producers that cannot easily taper their output during times of peak contribution by sources like solar. This threatens the business model of traditional base load electricity production companies due to forcing them to run at a loss for portions of the day. + +&#x200B; + +https://preview.redd.it/gtuxofgzlbw61.jpg?width=895&format=pjpg&auto=webp&s=4a1c22215b43e238340a9c70281b51765541ca08 + +To add to that, the pandemic hit coal power plants hard and seemingly sent them into a bit of a death spiral. Demands for electricity significantly decreased last year, causing an energy glut, which has brought forward the growing effect of green energy on the NEM spot prices. + +&#x200B; + +https://preview.redd.it/yzezsi62mbw61.jpg?width=1099&format=pjpg&auto=webp&s=236b72158bec468bffa967c692cc53f7a085e97b + +Falling prices meant that larger base load production companies had an earnings haircut. Origin included. The same dip can be seen on the gas side of retail as well, though that appears to be recovering now. + +**Coal vs Gas** + +The main problem with coal baseload is that it's somewhat and on or off sort of generation mechanism. Origin is not immune to this problem. For one, they own the largest coal power station in Australia, Eraring power station. As an overall percentage of their output, it is not nearly as problematic as AGL. Even so, coal power represented 60% of Origin’s FY20 power output. + +&#x200B; + +[Origin FY20 vs FY19 power output](https://preview.redd.it/8rtusd7imbw61.jpg?width=1200&format=pjpg&auto=webp&s=d9c26d38d0b8fdfd4ec613c202223da95f4d900a) + +What is crucial here though is that Origin has a significant footprint in gas turbine generated electricity. They own six gas turbines and have several contracted green sources. This is extremely relevant in this climate. While gas stations don’t tend to produce the same huge volume of power as do coal stations, they are very reliable, and more importantly, they are much more flexible. + +&#x200B; + +https://preview.redd.it/ghirn8240fw61.jpg?width=894&format=pjpg&auto=webp&s=d2ac11afc32df62c520b60b32557d0ff6a8de0ca + +Gas combustion turbines have a spin up time from cold shutdown to full load that can be sometimes as quick as 10 minutes, depending on the exact equipment. Most can hit full load within an hour. This is in contrast to coal steam turbine power, which usually take a full day to fully start up. So, for example, when solar contribution ramps up during the afternoon, gas turbines are more capable of tapering off their output and then restarting quickly once needed again. + +&#x200B; + +https://preview.redd.it/2at6wunlmbw61.jpg?width=788&format=pjpg&auto=webp&s=21b99143d7b956eadc1fc4ca8de79775c4477009 + +In addition to being quick starters that can flex to the demands of the day, gas turbines are also one of the cleanest forms of fossil fuel energy, producing only about half of the emissions of coal stations. + +For these reasons, gas power is rightly considered the best transition fuel. It compliments other greener sources of energy, and helps fill the gaps in the grid’s energy requirements during cloudy or still days. So, while the current energy market is taking it on the chin, Origin appears to be well positioned for the future. + +**The Exploration & Production Market** + +The other half of Origin’s business is experiencing headwinds resulting from historically low oil prices. A big chunk of the APLNG supply contracts are linked crude oil prices. + +&#x200B; + +[Origin LNG contracted supply](https://preview.redd.it/t2vcqqaypbw61.jpg?width=1200&format=pjpg&auto=webp&s=02afbffb493c6e25a9aaa0c6963c3e733f2e2ac9) + +Oversupply issues stemming from the sharp drop off in demand during the pandemic sent the crude oil market into a dive. + +&#x200B; + +https://preview.redd.it/ew71t6prmbw61.jpg?width=1066&format=pjpg&auto=webp&s=8f2f3e57e85014abe84a269f6f8ae2f428da157a + +Indeed, prices were negative in oil futures for a day in 2020. Afterwards, and for most of the 2nd half of 2020, crude prices hovered around $40 per barrel. That was about 30% down from where it had been trading in FY19 and FY20 at around $60. As a result, APLNG has gone from posting a record $1.2 billion dollar cash distribution to Origin in FY20, to being forecast to likely only contribute half that in FY21. + +# The Outlook + +On the electricity side, Eraring power station is set to run until at least 2030. Origin is planning on pulling back on the total energy output at Eraring and using its more flexible contracted green energy supply from wind and solar to fill the gaps. This should help with cost efficiency. + +&#x200B; + +[Eraring Power Station](https://preview.redd.it/325tinr8nbw61.jpg?width=2657&format=pjpg&auto=webp&s=4ab33f4cdf0e58cab5131c8fe3dba7e6c2c8bff6) + +Furthermore, AGL’s Liddell station is planned for closure in 2022, which will help to address the current glut of baseload power present in the national grid. This is less than ideal for AGL, who loses a source of revenue, but is a boon to Origin. The void Liddell leaves will better justify the remaining baseload coal power stations and potentially put some upward pressure on electricity prices. + +On the APLNG side, the crude prices have largely recovered into the $60+ range since the start of this year, and is expected to continue to rise. This will improve the pricing for some of the contracted supply from APLNG. + +&#x200B; + +[APLNG Curtis Island](https://preview.redd.it/5qiqti1anbw61.jpg?width=1880&format=pjpg&auto=webp&s=5d6d45f0b5d14ba6f6ec1fff19e6637b8e4c1d88) + +Further to that, when Origin ventured into LNG in a big way it loaded up heavily on long term debt. In 2015, it had accumulated 11.8billion in long term debt. Over the course of the last 6 years, Origin has been paying that down each year to the tune of about 1 billion a year. It’s 1H21 report showed that they had brought the balance down to 4.6billion, almost a third of its original impost. + +Much of the APLNG distributions have been going towards servicing the debt. Without additional large outlays, Origin could have the majority of its debt cleared within 4-5 years, at which point it can fully realize the investments it has put into place with the regular 0.5-1billion dollar distributions going straight to the net profit line. + +Further to that, developments at their exploration fields like Beetaloo could punctuate Origin’s long-term LNG prospects with emphasis, keeping its place among the largest LNG exporters in the country. + +# The Verdict + +Origin is conscious of its position as a preferred transition fuel. They state as much in their reports. Currently operating six natural gas power stations in Australia, and with the imminent a closure of one of AGL's major baseload stations, this bodes well for Origin in FY23 and beyond. + +Furthermore, with much of its APLNG profits hanging on the price of crude, the higher prices of the last few months should provide some relief. If crude stays at this level or higher, I expect FY22 and FY23 will see some of the larger distributions similar to 2018-2020, when oil traded at similar levels. + +All that being said, despite all the headwinds, this appears to be a perfect storm of events in the energy industry that has led to Origin being in the position that it is in. I do not see Origin’s problems as structural, however. In some ways it suffers from market sentiment surrounding the downfall of AGL (and coal power). On the contrary, Origin's positioning for the next 20 years seems to be very good. + +# The Target + +So, if we think that Origin is a viable business in future then the next step is to figure out a good entry point. + +&#x200B; + +https://preview.redd.it/z9xd7q0lrbw61.png?width=632&format=png&auto=webp&s=4e08660b045b5aed201bb98e452076505d91c17b + +Apart from the cyclical nature of its underlying profits, Origin’s overall figures have been pretty consistent throughout the last 10 years. Using average SPS and EPS wouldn’t be a bad idea to give an idea of the long-term value of the company when energy markets recover (refer initial fair & target price at the start). This is where I think the ceiling on the stock could easily in the double digits long term (5+ years). + +However, if we are going to catch a knife, it’s best to try to find an entry point that is more relevant to Origin’s current struggles, so that we prevent ourselves from entering too early. It also mitigates the downside risk should the energy market continue to struggle. + +&#x200B; + +https://preview.redd.it/zn2jlqojrbw61.png?width=615&format=png&auto=webp&s=f99a2829dc83539a6d334ca824f41ace5127fd80 + +The trouble with Origin is that its business is so split and subdivided, it’s actually pretty difficult to estimate, even having the insight of the 1H21 figures. Above is a first pass simple estimate, merely doubling the 1H21 figures. This might not be too far off the mark too. In 2H21, the electricity market is expected to stay depressed, but the LNG market should see an uplift, so the two should balance each other out. + +&#x200B; + +https://preview.redd.it/0fyhlqrirbw61.png?width=619&format=png&auto=webp&s=0c78f8ede02137fea656a161f2f989cd29f26bb4 + +Origin themselves give the above guidance for FY21. They don’t give estimates on revenue and profit levels, but it seems to roughly conform with the simple estimates when factored out. + +&#x200B; + +https://preview.redd.it/yzbda7shrbw61.png?width=617&format=png&auto=webp&s=f8f3e325cc049597aa9f261bf568cb99a79fabf0 + +Those more sophisticated than I have given their own estimates. The above show broker forecasts for the EPS and DPS for the next couple of years. When the FY21 EPS is multiplied out, it works out to be roughly 300million in earnings, which again largely conforms with our other estimates (when comparing historic underlying earnings with statutory net profits). + +One thing to note is the book price. It’s somewhat of a trap I think to be using the statutory book price for this company. Origin has quite a bit of intangible and goodwill sorts of values in its equity statements. The difference between the net tangible book and the standard book is nearly double. I think that it far more prudent to run the tangible book in this instance, and similarly estimate using the more conservative broker FY21 forecasts for EPS and DPS. + +As such we get the following stats: + +* SPS $6.89 +* EPS 16.5c +* DPS 20.4c +* NTA $3.41 + +This gives us the following fair and targets for FY21 estimated figures: + +**Fair Price (FY21): $6.89** + +**Target Price (FY21): $3.37** + +If we expect for the energy market to improve going into FY22 and FY23, it might be preferable to average the EPS and DPS broker estimates for the full three forecasted years. If so, we get the following: + +**Fair Price (F.Avg): $7.38** + +**Target Price (F.Avg): $4.30** + +&#x200B; + +https://preview.redd.it/ywzlrsrpnbw61.jpg?width=938&format=pjpg&auto=webp&s=c3f61b6e21656b5e35942e8a5f3e9d5e54c4c94d + +From a very basic technical perspective looking at the 1year chart, Origin has shown a fair bit of support at the $4.00 level. This is where it bounced in March 2020. It held again in the dip in Nov, and so far since 21st of April. Closing today (30th April) at $4.16, it’s still perhaps a good entry point from a technical point of view too. This fits in with our longer term F.Avg target price. + +# The TL;DR + +I think that Origin right now presents a unique opportunity to invest in a multibillion-dollar energy & utility stock at a multi-year low. It is positioned well for the next 20 years as a transition fuel that works well in conjunction with green energy sources. The current price commands a premium 5%+ dividend. But better, it has a significant potential upside in capital growth when the energy markets recover, based on its historical price levels. I think realistically, we could see Origin regain a $10+ share price in the next 3-5 years once it winds down its debt and fully realizes its APLNG investments. I’ve put my money where my mouth is on this one. + +*Anyways, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +S*uggest other dogshit stocks (that are/were in the ASX 200) below, and I’ll consider putting them on the watchlist for future DD.* + +*Currently on the Watchlist (rough order): KGN, TLS, AMP, WHC, APX, SXL, ASB* + +Edit: some typo fixes +&#x200B; + +I (21) feel like I'm at the end of the road with this and am desperate for any advice. I applied for an apartment this summer and got back a report saying I was high risk because I was overdue $2,800 overdue on a Target credit card from 2016. In 2016, I was 14 years old. I have never had a credit card in my life and it's very obvious that this is fraud. I called Target and they had no clue what I was talking about. So I went to annualcreditreport.com to get my report from all three bureaus, but only equifax could give me a report, the other two said they couldn't verify me -- I'm not sure why only one could verify me. I'm also assuming I have zero credit at this time. I went to dispute this report online through equifax, but every single time I try I get an error --"unable to complete this dispute, refresh and try again". I've called twice and they said they don't even see me on their end, they don't see anything I'm reporting despite me be able to see all the fraud information on my end. The website doesn't display a credit score for me either -- just an error. So I can't dispute online to remove this fraud from my record, I can't call and get it removed either. I can't even make a creditkarma account to view anything because nothing can "verify my credentials". When looking at equifax, my birthdate is correct, but my name is spelt wrong and my address is incorrect. I don't care who stole it, I just want it removed. The credit account is closed and has been sold, but is still overdue $2,800. I can't get an apartment, a car, or even a credit card. I feel like I'm stuck, I'm on the brink of homelessness because of this. Can anyone help? + +&#x200B; + +Edit: I have filed a police report and reported the fraud to the [ic3.gov](https://ic3.gov) as recommended by the police. This was two months ago and nothing has changed. I also reported to [identitytheft.gov](https://identitytheft.gov) and got no help from them either. +I just finished undergrad, have a 6-month emergency fund, and \~15k to invest in a TFSA, and am a scared newb. + +If this isn't a good idea then what do you suggest? + +thanks! +🍸We’ve been working hard (or hardly working) and are ready to sip on our favorite $Cocktail after a long day, week, or year. We’ve been cooped up for the better part of this past year and now is the time to make up for it. What better way than a bsc coin that works for you with Auto buyback, BNB rewards and a reward multiplier. + +&#x200B; + + Let’s make this drink last so that we get rewarded for holding our $Cocktail. Or better yet, let’s order another one. We all know 2 Cocktails are better than 1. At this pace we will have so many Cocktails that we will go to sleep, and wake up on the moon. You don’t want to miss this coin. Tell all your buddies to join us, and don’t forget to RSVP for this very important Cocktail party. + +&#x200B; + +P.S. Don’t forget to tip the bartender. + +&#x200B; + +➡️Presale Tuesday, July 27 + +&#x200B; + +You Earn a COCKTAIL 🍸 of rewards: + +&#x200B; + +✅Hourly, and automated BNB Payments to your wallet + +✅MAJOR Celebrity Backing + +✅SUPER-CHARGED Buy-Back Function , aka PARTY-TIME + +✅ Advance Promotional Tracker + +&#x200B; + +💸 PRESS - COINMARKETCAP - EXCHANGES - COINGECKO - MAJOR INFLUENCERS - BILLBOARDS - AND MUCH MORE PLANNED FOR LAUNCH!!! + +&#x200B; + +🍸$Cocktail Official Links: + +&#x200B; + +☎️ Telegram: [https://t.me/CocktailOfficial](https://t.me/CocktailOfficial) + +🌐 Website: [https://cocktailbsc.com/](https://cocktailbsc.com/) + +🐥 Twitter: [https://twitter.com/BscCocktail?s=09](https://twitter.com/BscCocktail?s=09) + +📱 Discord: [https://discord.gg/MjqFPEgv](https://discord.gg/MjqFPEgv) +[https://www.theverge.com/2019/3/11/18259580/tesla-price-hike-stores-reversal](https://www.theverge.com/2019/3/11/18259580/tesla-price-hike-stores-reversal) +Over the last few days, as Bitcoin has dropped in price, I have seen more and more tin foil hat posts blaming JP morgan, banks / whoever for why the price has dropped. The truth is we simply don't know and have no proof. I see that Lad Bible video being posted endlessly, they have absolutely fuck all to do with JP Morgan. + +Could it be that many people are asking genuine questions about the sustainability around things like power requirements /wastage, threats to governments, and China's influence? (Yes is the answer). + +No matter what you feel about these subject areas let's not lower ourselves to how the WSB forum acts, where they post endlessly about fighting the man and stirring up silly paranoia and ridiculous behaviour. + +If you believe in Bitcoin, hodl it, if you don't and are afraid, sell it... it's that simple! + +**EDIT - Thanks for the detailed and informative replies by so many of you!! Always plenty to learn on here and many great points.** + +&#x200B; +I’m not sure if this is the right place to post..mods feel free to delete. + +I’m 28 and my net worth worth is $800k. I work about 40 hours a week at my full time job and I’m looking to start a side hustle. I want to live a balance life but also hit fatFIRE in 10 years ($10m - $15m). + +Am I wrong in not wanting to work 70-100 hour weeks? Will this hold me back or am I underestimating leverage? (People and processes) +Editing because I didn’t get to say hi and I love you too all you beautiful apes. Today felt good, all positive vibes. I appreciate everyone of you for dropping by and saying hello ape, retard, friend, idiot whatever it was. Kept our minds away from things. + +Keep your heads up and your foreheads wrinkled because I know we’re all chilling and soon enough we’ll need an oxygen tank on da moon. + +Successful ad out, and still unsuccessful until next time! + +🚀🚀🚀🚀❤️ +Editing because I didn’t get to say hi and I love you too all you beautiful apes. Today felt good, all positive vibes. I appreciate everyone of you for dropping by and saying hello ape, retard, friend, idiot whatever it was. Kept our minds away from things. + +Keep your heads up and your foreheads wrinkled because I know we’re all chilling and soon enough we’ll need an oxygen tank on da moon. + +Successful ad out, and still unsuccessful until next time! + +🚀🚀🚀🚀❤️ +Few points/questions. + +I was just cruising mentor Monday and looking at the posts. Almost everyone is asking for pretty high level advice (which is probably in and off itself the problem) but I noticed almost all of them are left unanswered. + +It’s more about career advice which we probably can’t give, given everyone’s unique situation and lack of detail. + +This poised the question. Why do we even have that weekly post? I know it’s to minimize the “how do I get rich” posts but my perception is it just seems like a post trash can when nothing is being discussed. Again, much of which are just fluff surrounding the question of how to get rich. + +Do we need more strict rules around having those questions? I understand the need for this sub to not get bogged down with those type of questions daily, but should we push them somewhere else? + +Also, I mentioned it a while ago but do we all need to be more clear on how most of us got here? It’s almost unrealistic to not give the impression that we hit some sort of “lottery” (please don’t take that as luck without effort) whether it was become a high earner in the few fields that pay enough, sell businesses, inherit, or a few other circumstances. + +I worry we subconsciously sell a pipe dream when the likelihood of people making it fat and dedicated their lives to it isn’t what most of us did[(which I posted about a while back)](https://www.reddit.com/r/fatFIRE/comments/pghk1x/opinion_most_people_that_fat_fire_didnt_plan_on_it/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) . The thought of some 20 something spending the next 20 years trying to become fat while missing out on a lot of life, breaks my heart. That last comment may get pushback but I want to remind everyone, people who do dedicated their lives to getting rich and doing it are the minority. +I have heard from anarcho capitalists and libertarians that American healthcare would vastly improve if govt. regulations were removed. It would probably become better than most public healthcare systems in different different countries(I mentioned in the title). + +Is it correct? + +There are also claims that it is the govt. that makes monopolies, and there are no natural monopolies without govt. . Is this true too? + +Also, I heard that charities and donations are better than govt. social safety nets, to what extent is this correct? Any data on charity vs govt. welfare programs? +I know economists are not computer scientists but I still would like the perspectives of experts in the field I am trying to simulate. + +Now if you havent heard of the game Victoria 2, I'll try to explain. It's a strategy game where the player and other AI act as the national government of a nation in the Victorian era. One of the government's responsibilities in this game is managing the economy. Subsidizing factories to promote industrialization, changing the tariff rates on import, exports, and setting tax rates for rich/middle/poor brackets. + +Populations within the country are separated by employment, religion, and ethnicity and, most importantly, they consume products ranging from basic food to luxury goods produced in factories either within the country or imported using wages gained from their jobs within other factories. + +The ultimate goal is a well ticking, profitable national economy with plenty of factories and the needs of the population fully meet. + +However, there are many flaws with the game's economy design and many agree that the design is barely functional for most of the game before letting go and falling off the cliff immediately after the game ends. + +So I decided to attempt to remake this economy except more founded in actual economics. But I've reached a sort of road block in my knowledge on the field to continue. + +Previously, I've based my economics simulator on the agent based economics structure designed in this paper, [Emergent Economies for Role Playing Games](https://www.semanticscholar.org/paper/Emergent-Economies-for-Role-Playing-Games-Doran-Parberry/e9330d06ec6a830aa1dd2cd9e6bc38daa95db6dd), and it functions. + +[A gif](https://gfycat.com/weepyesteemedangora) of the average profits of agents located under each category and [the code](https://github.com/Kmsxkuse/A_Simulation_Dream/blob/master/Assets/Scripts/MarketSystem.cs) located on github. What I particularly like from a purely layman perspective is the clear boom and bust cycle of the "first order" farm category is the inversely proportional to the "higher order" industries that provide the goods needed to increase productivity of farms. "Higher order" categories like a smithy provide tools which unlocks a drastically improved food production chain that leads to the market being flooded with food. Which in turn tanks the price of food and causes mass profit losses within the food category. Soon enough, farms file for bankruptcy, the supply of food falls, smithies cant provide tools as they're starving, and price of food once again skyrockets. Then the cycle repeats. + +The problem? Agent based simulations are inherently object oriented which is terrible for high performance simulation needed for a video game. 10 agents are fine, 100, as seen in the gif is starting to eat memory like Google Chrome, 1000? Very bad. And I'm estimating 5000 different agents would be needed not including individual population groups which might number in the 10s of thousands. Agent based economics just isnt the tool. + +Now this a looooooooong stretch but I would like to ask y'all economists of any other macro economics designs centering on consumption-production patterns and commodity based trading. Any papers or google search keywords will be welcome. +I used to hear my melodramatic anthropology professor at school say this thousands of trillions of times, but I never felt he was right. Something about just taking all of that food and giving it to all the poor people sounds like it doesn't make any sense to me (I feel like it wouldn't work. Otherwise we would've done it by now. It can't be that easy). Please elaborate more on this, so that I may understand why. +I just wanted to say thank you to this community and the support you all have shown me. +I was just a shitposter/lurker on SS for quite a long time, Didn't say a whole lot - same with twiter. + +On Twitter I was just a Ken Griffin parody account trolling around for fun. +I'm beyond speechless at the reception I've received from the community I've HODL'd with for so long + +Thank you SO much - I have lots of big plans, maybe even a ..game? :) + + +From the bottom of my heart, I truly believe that hedgies r indeed fuk - I can't say enough how incredible Gamestop's Blockchain team is, what a wonderful bunch of individuals that listen to the creators and the community + +&#x200B; + +WE ARE IN GOOD HANDS. + +Thanks Stonk + +&#x200B; + +\- Ordinary Adam +I'm thinking about buying another unit in the same condo building where I currently live. A unit in my price range has become available, so I went to my credit union website to initiate the pre-approval process. Since clicking "submit" last night, I have been called literally **80 times** by mortgage brokers (most screened by my phone, but I counted them on the call history page). + + +I asked one of them how they knew I was looking for a mortgage - I was worried my credit union was selling my data, or Chrome was monitoring my activity. Nope, when the credit union ran the credit check, Transunion let the whole damn world know I was a sheep ready to be sheared and provided my name and phone number to the vultures (to mix a metaphor). How is this legal, and is there any way to avoid it? If my phone didn't automatically screen suspect numbers, I would have had to turn off my phone to get any work done today. +I am about to finish my PhD in econ and I feel really puzzled between two job offers: one is a research organization and another is in a private firm. + +I will write all figures post-inc taxes. Here are some facts on each starting with the research org: 1- $6.5K per month with great health insurance coverage for the employee and their family, 2- a solid and safe pension plan, and if you leave even after a year, you are paid 20% of your total annual income as an end of service payment. If you leave after 5 years but before 10 yrs, you are paid 30% of your last annual income. 3- education subsidy for children up to 10K per year per child, 4- overall it’s a stable job where most workers stay in the org forever, which is both a downside and upside imo. 5-last non-financial benefit is that the job location is closer to my family/friends and I love the city where the potential job is located. + +Now to the private sector job offer: 1- $13K per month, 2- similar health insurance coverage to the other job, 3- child education support up to 25K per child, 4- no pension plan and no end of service benefits, 5- the job is in the other coast, far from family/friends. + +However, I am really puzzled between the two options as I feel that I may regret not taking the private firm’s offer despite the risks it entails where there is no pension/end of service benefit. The job offer is honestly insanely high and I am unlikely to find a job that pays this well in the next 2-3 yrs, which is again makes me wonder if I should give a try and put emotions and the first job offer aside? +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). +It has been a long time since I have been able to do that, but today there is money there. + +I knuckled down on some bills as hard as I could the last few months, and there is finally starting to be some margin. I'm relieved, more than cheering. + +UPDATE: Thank you to everyone who has been taking the time to give my post upvotes, comments, and even awards. (I've never had a Reddit award before today, and today there was a whole collection!) + +I posted this on r/povertyfinance because I knew that people here would know what a difference even a small amount in savings could make to a person's peace of mind. All the positivity will help me keep on with this, so it doesn't just make a difference today but for a lot of days to come. +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +*🖍Check out the new upvote/downvote crayons! 🖍* + +https://preview.redd.it/0xyofe1cb9371.png?width=1426&format=png&auto=webp&s=5d2c0087ad5e841f0dc8d78cc6d4cdac7a3cb894 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $248.36 + +&#x200B; + +Open Price: $256.02 + +Daily High: $265.00 + +Daily Low: $245.77 + +Volume: 3.56 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE! by u/Bye_Triangle + +&#x200B; + +[Awesome artwork by u\/Verdiii](https://preview.redd.it/686geoa4aa371.png?width=960&format=png&auto=webp&s=6f4feaddae7c50d73866b9a6d3827e85b2965e4f) + +Alright Apes, + +&#x200B; + +The end is nigh, if you were given the opportunity to vote, and haven't yet... There is no excuse! If you want to see this Naked Short Selling scam brought to its knees then you **have** to make sure you submit your vote by the deadline. + +&#x200B; + +***This cannot be put off any longer.*** The Shareholders meeting is **NEXT WEEK**. Though this may be getting repetitive, it needs to be heard. + +&#x200B; + +# VOTE YOUR SHARES + +&#x200B; + +If you've already voted, then spread the word to others-- everyone needs to be reminded of the importance of this. + +&#x200B; + +**Do it for the companies that have been uncerimoniously killed by this practice** + +&#x200B; + +**Do it for the people who lost their jobs because of these short sellers** + +&#x200B; + +**Do it for the Apes who are being disinfranchized by their brokers** + +&#x200B; + +**Do it for GameStop, who need the physical proof of the Naked Shorts** + +&#x200B; + +**Do it for whatever reason inspires you most...** + +&#x200B; + +https://preview.redd.it/kad2d8dxfa371.jpg?width=511&format=pjpg&auto=webp&s=5a9088eb2d6036cb83a0ca2faeae30062b17f746 + +Also comment !apevote! to get your special voted flair! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Ape Security Protocols + +by u/redchessqueen99 + + + +It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator. + +This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward. + +&#x200B; + +[010101ook1010011ookook](https://preview.redd.it/fs2adorboc371.png?width=640&format=png&auto=webp&s=eb01be5d235d8f0ab3a782e3e588684a64d6f826) + +Here are some tips for keeping your account secure: + +1. Use an email or Google/Apple account that **does not match your username.** Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:%22@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts. +2. [**Enable TFA / 2FA (Two Factor Authentication)**](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately. +3. **Be very careful with messages** received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward. +4. Use a [**VPN service**](https://www.pcmag.com/picks/the-best-vpn-services) + (ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts. +5. Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second we waste is a second we gain. +6. If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/). + +**Why would they target us?** + +Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use. + +Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks. + +Please leave comments if I missed anything and I will try to make sure I see it and update this post. + +Let's make sure the rocket isn't sabotaged. *Moon soon* + +&#x200B; + +Back to u/pinkcatsonacid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/6b9p6oz3ra371.jpg?width=512&format=pjpg&auto=webp&s=f03078463ea5bdfa8089ddaf53389e6efb905f77 + +&#x200B; + +**As you may have heard, Benzinga wrote an article about our AMA this week with Lucy Komisar and Wes Christian!!** + +&#x200B; + +And as you may have heard, yours truly has been invited onto a Mainstream Stock show. + +&#x200B; + +**Yes** it was super dope they wrote an article about Superstonk Live! + +**Yes** it was super mcnasty dope to see my name in MSM print! + +**Yes** it was ultimate supreme dope to know that we are gaining exposure!! + +**No**, I will not be doing any mainstream interviews at this time, *unless they are directly and exclusively discussing the issue of Naked Short Selling.* + +&#x200B; + +Which I have a feeling, this won't be. + +&#x200B; + +So while I am truly, seriously honored that I was so well received that an offer for an on air interview was warranted, I will await direct confirmation that this is discussing Naked Short Selling on Benzinga before engaging. + +&#x200B; + +If it is, then buckle up, buckos. + +But if not, buzz off, Benzinga. ✌ + +&#x200B; + +https://preview.redd.it/muifsf1exa371.jpg?width=1080&format=pjpg&auto=webp&s=890da5bbb8febce32994fa96da60132bf8b08bc2 + +&#x200B; + +[**My Diamond Whistle Blower OP, for those who haven't seen.**](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/?utm_medium=android_app&utm_source=share) + +&#x200B; + +Whatever happens, I'll keep you updated! + +&#x200B; + +*A note on MSM: My comment from a post yesterday:* + +*I know it's exciting and cool to see our name in lights (my husband is probably going to print the benzinga article from today and put it on the fridge lol) but this post is an important message to remember as MOASS approaches and MSM coverage becomes inevitable and more widespread. THIS COMMUNITY has proven to be the ONE reliable source for verified, researched information in all this. NOT the main stream articles that our brokers want us to read.* + +*MSM is* ***not*** *suddenly our friend just because they recognized that we are doing their jobs better than them here on Superstonk. I do, however, think it's good to point out and celebrate when the media gets it right, within reason. And I'm happy when I see them covering the groundbreaking work we are doing here, like the interview Lucy performed on our behalf with Wes. It's a fine line to toe, but this group is the smartest bunch around and I know we can tell the difference. 💪* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# IT'S TIME TO RISE UP- Mission Critical 🚀🚨🚀 + +*Expanding on the words of Wes Christian- by Pink* + +&#x200B; + +https://preview.redd.it/0mtp7l17za371.png?width=750&format=png&auto=webp&s=0f90cb38dd7cfc5fb1b261e41134ac83740c09a1 + +[Here's the link to the original Wes Christian AMA that inspired the fuck out of me](https://www.youtube.com/watch?v=2rJujnpKiqM&t=350s) + +&#x200B; + +[And here's the link to the most recent Wes Christian AMA with Lucy Komisar](https://youtu.be/q8-JO3g5bm4) + +&#x200B; + +💎🙌 + +&#x200B; + +# "The people we are talking to now (apes) have got the best game in town. The best way to take on a bully, is be a bigger bully"- Wes Christian on Superstonk + +&#x200B; + +***"So, first I want to thank all the followers in this group. Which I understand is close to 300,000, so realize that each one of you are important to the cause, exposing this, getting this information out is critical. It's going to take all of us to make a change."- WC*** + +Did you hear that, Superstonk? How about you in the back, lurkers? ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°) + +YOU'RE NOT ONLY IMPORTANT, YOU ARE HELPING PRODUCE AND DISTRIBUTE CRITICAL INFORMATION TO THE PUBLIC! + +***"It takes a gargantuan effort, it takes people as strong as apes."- WC*** + +Apes are strong. Evolving. Adaptive. Resilient. And cunning. But they are stronger together. + +&#x200B; + +https://preview.redd.it/9zyslp5eza371.png?width=800&format=png&auto=webp&s=2ef72ad00c139d756c872a988cfd0ed6342fb7b4 + +***"It takes a warrior. It takes somebody that's principled that never gives up."- WC*** + +On days when FUD is high and hope is low, every single ape has to realize that it will take the diligence and resilience of a warrior to win this battle. Leroy Jenkins is within us all. + +&#x200B; + +&#x200B; + +https://preview.redd.it/3pl3u9cgza371.png?width=732&format=png&auto=webp&s=46fdf92cfc79252cc0ef4b9bb43bba24d9de4df8 + +***"It's up to each of us to make a decision. Do we want to be on the side of right or wrong?"- WC*** + +I think we all know which side the apes are on. And history will remember. For generations they have been robbing our families, stealing our ideas and our land and resources, negotiating our time and talents for pennies on the dollar, kept us in class and race wars to distract from the fact that... they've been stealing the world's wealth for a lot longer than Gamestop has been a company. And the game stops here. + +&#x200B; + +https://preview.redd.it/9xnpz6viza371.png?width=620&format=png&auto=webp&s=1dd7ad6339789bcdd4fd14cac4333217ea5b90cc + +***"How do we want to spend the talents that God gave us?"-WC*** + +Are we going to let the FUD stop us from using our talents to grow, nurture, and thrive within this golden think tank that is **quickly becoming bigger, mightier, and more precious than the City of Athens?** Or are we going to put our wrinkles to work and create to share, to spread knowledge among our kingdom of apes, new and OG alike, and fortify these great walls we have built from the ashes of WSB and GME. To protect the culture and the inevitable philanthropy and hope that will come from these walls post-MOASS... we are a force to be reckoned with. What we are building together within the walls of this city will stand tall and proud, long after the squeeze has squoze.💖💪 + +&#x200B; + +***"Ultimately it's going to take massive amounts of people to want to be involved in this to expose it. We're gonna have to come together as a similar*** ***~~wolf~~*** ***ape pack to share education to educate ourselves and fight it. And to ultimately win the battle at least as was done in part with Gamestop."-WC*** + +&#x200B; + +https://preview.redd.it/0qi53c7mza371.png?width=760&format=png&auto=webp&s=513faa15812bdb156f9810846a590fa3daac446b + +# "It's gonna take a massive effort by the investing public to RISE UP..."-WC + +&#x200B; + +[RISE UP!!!!](https://preview.redd.it/9m3c4bjoza371.png?width=1258&format=png&auto=webp&s=5cebec230927c10813fa24137a0c55556677578c) + +# "This effort that this group of ladies and gentlemen are involved in is CRITICAL it's MISSION CRITICAL..."-WC + +# + +https://preview.redd.it/8dmfx60rza371.png?width=300&format=png&auto=webp&s=882800906243abe07a859cb4f87e300bdc3ebd80 + +***"Fakeness, or lies, deserve no place in this process."-WC*** + +Go with your gut. If someone tells you there's a price ceiling, and especially if it's in the (low) thousands, they are *fucking* *liars*. You know who tells you that the price ceiling is anything below an absurrrrd amount of money? + +**People that are paid to tell you that. And to sell on the way up. Especially as anything but a limit order. It's confirmed FUD. Ignore, report, correct in the comments. Call out those shill motherFUDers. Remember, if it looks like a duck and quacks like a duck! 💎🙌🚀🚀🚀** + +&#x200B; + +***"Dilution is a very important point- Dilution is an actionable form of damage model."-WC*** + +&#x200B; + +https://preview.redd.it/5fuexxpuza371.png?width=638&format=png&auto=webp&s=808badb985163e9e0cb42c8c03f91feea31dabe5 + +I.E. big lawyer speak for, if you own shares, and your ownership has been diluted (like can be proven by overvoting) because of naked short selling, then **THOSE DAMAGES GIVE SUFFICIENT REASON TO TAKE LEGAL ACTION!** + +&#x200B; + +# 🚨OMG WE CAN SUE THEM!!🚨 + +&#x200B; + +**"In the next 3-6 months you're going to see some major things happen on the legal side. We've been increasing our bench exponentially, we've put a big pot of money together, and we're gonna go after this in unprecedented way." -WC** + +&#x200B; + +***"What can change this? Doing what SuperStonk is doing, because it's going to take massive amounts of people to be involved to expose the bullies out there."-WC*** + +So what can you, dear ape, do to best help the cause here? VOTE YOUR SHARES! Upvote good content! Follow your nose and report FUD. **BTFD. HODL.** DIAMOND HANDS ARE STILL EVERYTHING- NO MATTER HOW LONG (or short 😝)!!!! Basically, just keep being fucking awesome. 🤙 + +Voting your shares, or finding out what you can do in the case that you can't vote, is the most important thing you can do right now. + +**No matter what happens, dear apes, HODLing got us here. And HODLing will take us to the moon and beyond. Remember that by VOTING AND HODLing, we are the catalyst. The catalyst has literally been inside us the whole time. 🚀🚀🚀** + +&#x200B; + +**Stay strong and ever vigilant, my dudes. ✌** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/BodySurfDan + +&#x200B; + +The GME lyricist just keeps giving us songs to share. 🎶🐈🎶 + +&#x200B; + +This latest one makes Wes Christian look even more OG, which I didn't know was possible. + +&#x200B; + +[Here's the latest one from him](https://www.reddit.com/r/Superstonk/comments/nryidd/hold_the_gamestop_saga_soundtrack/), and be sure to check out his other songs he's posted here in Superstonk too. We love seeing the organic art created by the apes, for the apes!! You make the jungle beautiful!! 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DFV Tweets + +&#x200B; + +https://preview.redd.it/rti669fv0b371.jpg?width=1077&format=pjpg&auto=webp&s=260983ec2d40c00ffdff11d3364e4573baf49c53 + +https://preview.redd.it/2od54staxa371.jpg?width=1080&format=pjpg&auto=webp&s=12cea3627b312de263ebf336e498083df1c6eaaf + +https://preview.redd.it/gy30av7bxa371.jpg?width=1080&format=pjpg&auto=webp&s=aedf7452c6e3ed9b28487fbdaa3b510ddc104f64 + +https://preview.redd.it/qymsktrbxa371.jpg?width=1077&format=pjpg&auto=webp&s=6e99ec31ddc63b312e9b9f065835234fa1ca6718 + +https://preview.redd.it/z2at189cxa371.jpg?width=956&format=pjpg&auto=webp&s=bcbc7c1ad18549e5fee7cb4857531e4ae33594d0 + +O^(h) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +**Reddit down, wot do?** + +&#x200B; + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to: + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +&#x200B; + +https://preview.redd.it/4jqvt3of2b371.png?width=1600&format=png&auto=webp&s=947c075f671e3f350f38c73d6901ad8c334dff0b +(Throwaway account because I'm embarrassed to ask this and will probably make a large number of incorrect statements that reveal my total ignorance in the following. Please feel free to correct all of them! Having said that, I'll refrain from putting "Correct me if I'm wrong, but..." before every sentence below -- just pretend it's there though.) + +For example, a lot of big tech companies like GOOG and AMZN likely fall under this category. (Notably not AAPL since they do pay dividends.) + +The obvious reason to buy stock in such a company is if you expect its price to go up, so that you can make money by selling it at the higher price later on. + +And I get that -- it makes perfect sense that person 1 owns it because s/he thinks person 2 will value it higher later, who thinks that person 3 will value it even higher later, etc... But at some point down the line, for all of that to make sense, doesn't there have to be a person N who buys the stock expecting to directly profit from the company's profits and/or its increased value (as in the context of an acquisition, for the latter)? + +It's very obvious to me what the "real" value of equity is in a startup that's likely to IPO or be acquired later. It's also obvious what the value of equity is in established companies that regularly pay investors a percentage of profits in the form of dividends. But the question of what the "real" value of equity in companies that fit the title is has been bugging the shit out of me! + +I can think of 3 categories of answers to this question: + +* There are one or more (probably obvious) reasons to own such a stock that I completely missed. +* There aren't any other reasons to own such a stock, but there actually aren't any companies in existence that fit the thread title -- in fact there is an expectation that even companies like GOOG and AMZN will *eventually* pay dividends and/or be acquired at some point down the line. +* There actually are no other reasons to own such a stock -- nobody expects companies like GOOG or AMZN to ever pay dividends or be acquired, and buying such a stock really is just a bet that the price will be higher later and nothing else. (In which case I won't be able to get past feeling like this is some sort of paradox and philosophical black hole for my brain...) + +Which is it and why?! (Or is it something else entirely? Or am I not making any sense at all?) +Also, what can be done to fix the cons of unions? + + +Can you provide examples of when unions helped/hurt a country/industry and why it happened? + + +Are there differences between public and private sector unions that affect their usefulness? +VGRO and go - or would you add another ETF into the mix? +I've been doing a lot of research lately on CCP/Bogleheads and the simplicity is what I am after. + +XEQT looks good, but I'm thinking I will go VGRO instead. +I've seen some utilize: VCN, XAW and ZAG. + +VT/BNDW looks great, but since being Canadian, I think using Gambit and the tax fees aren't worth it. + +Anyone here using a CCP portfolio? If so, do you have any tips? I have 30+ years to invest and grow the portfolio. +I was going after 90% equities, 10% bonds or 80% equities, 20% bonds, as the VGRO ETF is the latter. + +Thanks! + +Edit: Realized I wrote "89% equities, 20% bonds" instead of 80/20 +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) +During my time with a bank I won’t disclose, we had our payment service go down 2 times. + +The first time it happened, our systems were down for 2 hours. During that time you could check your online banking, you could log into all of your services, but any service that attempted to remove money from the account during that time did not work. Regardless if it was transferring from online banking, paying with a card, or a third party like pay pal attempting to pull out the money. The transaction would just be declined. (It sucked for us cause it happened on a Sunday and we had a skeleton crew, which meant we were flooded with so many angry customers we had 60+ minute waits) + +The second event is what I suspect is happening to Bank of America, if they are having a legitimate outage. Our data centers got cut off from our systems during this event. I believe that one lasted for 4 hours. You could log into online banking, however it would not show any accounts. You could not use any form of payment, ranging from card to check. You could not use third party payment like Venmo or PayPal. Hell, bank employees couldn’t even log into their programs to pull up customer information. We were stuck telling customers we can’t help them unless they have a general question, and that we have no idea when the problem will be fixed. We just know we have a team on the job. + +The thing is, in neither event did we close our doors. There wasn’t much we could do, but we were still there. We had no idea on how long the shortage of service would last, so we just kept to our regular schedules and waited for it to come back on. If Bank of America was having either of these events take place they would not close their doors. I could see them doing so if the repair crew called up the chain and said the repair wasn’t going to be done in a day or more. However it is VERY unusual for a bank to change plans in the middle of the day. I would think they would have kept their doors open for the rest of the day the shortage started, and then close for the next day. But there was no warning given, they just didn’t open. + +On top of all of their other odd activity from the year, the sudden closes, the quiet board ups, the odd service going quiet. Something strange is happening with them. I don’t have evidence on what could be, so I won’t speculate. I will simply say it is strange. +There are a LOT of posts with a LOT of comments bashing people and dedicated mods that were at the meeting right now. Are these shills? Are you a shill? Am I a shill? Who knows. But I do know that we need to be nice to one another and not cause a divide. That is what they want. + +I also, please, need a lot of you to check your reaction to female attendees at the meeting, because there seems to be a lot of hate against women - the way their voice sounded, what they are wearing, questioning whether one in particular is actually a lawyer because she got excited at a price bump. This is not Superstonk behavior, its WSB behavior. And this is NOT WSB. + +BE NICE TO ONE ANOTHER. Clearly Ryan Cohen ended it on a good note by saying buckle up so none of this is as big a deal as you think. + +Thank you for coming to my Ted Talk. + +EDIT: I think the fact that this is blowing up just shows that we are all good people who genuinely want the best for others. In the same way we should question but not condemn people for how they did or didn't behave at the meeting, this post is to serve as a questioning and not condemnation of people who got ahead of themselves in their criticisms of such. Let's forgive and move on (unless you are a shill, then fuck you) + +merp, OUT! *\*mic drop\* \*fog machine\* \*explosions\** +I will be eligible for full social security benefits at the age of 67, which will be in the year 2064 (if the full retirement age does not rise by then). From what I have read, the social security honey pot of money will be exhausted by 2034 and monthly payments will be reduced by 22%. If this is the case, then it will only get worse as time goes on. What are the chances of social security being completely removed from society by the time I reach retirement age? I am attempting to get my finances in check to see if I can achieve financial independence by the age of 59.5 and eventually obtain ss benefits by 67, which I need to include in my calculations. +There was a recent thread called “Why do few brits invest in stocks and shares”, and some of the replies given were that many people see investing as gambling. + +I thought this was reassuring because it’s the same response I received from my family when I have tried to encourage them to invest, so it’s nice to know I’m not alone. + +Traditionally we don’t talk about money; still, I’ve tried to encourage them to invest, but I’ve been met with scepticism and even a little bit of contempt. + +I recently paid off my mortgage, so to celebrate I increased my yearly pension contributions to nearly £20k, and what I was spending on the mortgage has now gone into my S&S ISA. + +The sad thing is I haven’t even shared this with my family because I know they’ll disapprove. In fact, I think there is a worry that any birthday money (even just £100) or inheritance I receive will be “gambled away” on the stock market. +Some shill told me: "Its been two years since GME squeeze [sic], move on bro!". + + +And then it hit me. He is exactly right, two years. Thanks, shill! + + +Swaps have to be carried over to other swaps in 2 year periods. There were, conservatively, around 700m-1b GMEs pre-split. Now imagine, just imagine. If these were your bags, would you be a little bit nervous to re-negotiate these books with a swath of banks for Jan 23 2023, for them to hold the bags for you, in an ongoing or coming financial crash, for two years, when apes have _already_ fucking DRSed this shit so smithereens? What the fuck will the sales pinch be, to entice banks to take on these books for two years, when they know that houndreds of thousands of apes are DRSing this shit literally every single day? Two years ago, there was a bankrupcy-case, and a flood of BCG shills infiltrating a whole bag of retailors. This is not exactly the case anymore for GME (and BBBY btw). + + +With Citadel selling 20% of their company and taking a $600m loan, even before market started shitting itself, imagine their margin for error in this mission. They have an impossible situation. "One more day", every day, for these magical last two years 2020-2022, with a grande finale, will lead them to madness. + + +May the share of Damocles hit them on their shiny, beady heads. I am not a retaliatory person by nature, but these businesses are a vermin and a scourge that needs to be taken down for companies to actually operate. +Last year I finished college and wasn't making a lot of money so I applied for medicaid. After submitting all of my documents including my W2 (~$12,000 in 2016) and recent paystubs showing that I made less than 1300/month, I was approved. + +In October of this year, I picked up a lot of overtime in preparation for being out of work for an upcoming surgery and my income for the year shot up to ~$19,200. This is according to the woman at welfare, because I haven't received my 2017 W2 in the mail yet. + +Most months I was under the limit, but medicaid only looks at the year-to-date in order to calculate how much money you made every month. They said I made an average of ~$1600/month over the course of 12 months. + +So because I went over, the woman from Welfare called me and told me that I'll have an overpayment of $1,000/month to pay Medicaid back and that I'll receive paperwork in the mail. + +$1,000/month is literally what I take home every month if I'm lucky. I asked her how she expected me to pay that when I need to pay for car insurance, college loans, and now (most likely) health insurance. + +She basically said that it wasn't her problem and to wait for paperwork in the mail. + +I guess it's my fault for making more than I should have. I had a lot of medical issues that I needed to take care of, so the medicaid was essential in helping me pay for surgeries, doctors appointments, etc. Even then, there was a lot of money that came out of my pocket because many places don't accept medicaid. + +Now I'm going to have to find a way to pay this money and I have no idea what to do. I probably can't pay what they ask. Am I going to jail? + +Is there any way for this to be forgiven? Given what's already on my plate, and my emotional and medical problems (currently see a psychologist and physical therapist regularly), I have no idea what to do. + +I haven't worked in a month due to my knee surgery and I'll only be working two days a week for the next month or two while I recover. I'm in a pickle. + +Welfare lady also said that my medical coverage will "roll over to the affordable care act" once my medicaid ends this month. + +I have no idea what's going on and I'm kind of freaking out because my mom is permenantly disabled and makes less money than I do. Any suggestions would be appreciated. + +Edit 1: Edited for accuracy. +I’ve been analyzing stocks that own streaming services and saw that WBD only had a market cap of 43.68 B while Disney is is valued at over 4 times the value of WBD with a market cap of 201 B. With the intelectual property like the DC universe and the streaming services they own, I think that WBD should be valued at the very least, half of what Disney is at. WBD still owns many great shows and movies that have a lot of potential for growth. So I was wondering if it is a good investment. What are you’re thoughts on this? + +(This is my first analysis on this subreddit so sorry if it’s super crappy) +I am looking for good book on valuation of companies which gives detailed insight and techniques for valuation and Fundamental analysis. I know about a little book on valuation by Aswath Damodaran and other little books on this and that but I want a complete guide which will genuinely help me in creating good investing models. +Newbie sharing my view's for discussions: + +&#x200B; + +**Longevity:** + +ActiviBliz is a huge gaming company, they own very popular franchises but more importantly they own the studios and engines used to make their hit games. If COD does go stale and if World of Warcraft finally dies and people get bored they can easily develop something new and exciting for either title. Call of Duty Modern Warfare which was basically a re-do of the hit COD4 from ten years before is an example of this. Imagine if they created some sort of Warcraft epic using the engine from Infinity ward? Anything is possible and that's the point they have the staff and the tech to make whatever they want. + +**How Income is Generated:** + +ATVI don’t make their money from game sales but from the transactions within the games, COD offers players season passes and vanity items that cost the company virtually nothing to make as it’s just a graphic’s skin but they sell these for real money to the players that want them. While mind boggling to me why people pay for these things they do and this is the bulk of their income. Whatever the future games are released by ATVI, I’d bet my house on them having micro-transactions / subscriptions as these make the money. 80% of their income this year is from this in-game crap, however people lap it up and spend their money on these things and that won't change. + +**Valuation:** + +There is little long term debt and it’s well managed, ATVI is buying back shares, over the past 5 years the value of the company has increased by 18% each year and future predictions are still rosey. + + **Ratios:** + +Taking a look at the PE ratio it’s clear that the price of the stock is dropping hard and we are approaching a PE ratio of 18 this is in fitting with the growth rate of ATVI's profits over the last 5 years which in Lynch's books he makes comment that a PE equal or below the growth rate is generally a decent value aka the PEG ratio but historical. + +When looking at the free cash to price ratio as well we are heading down to the lows of 2014. When looking at the PE ratio and PCF ratio we are at the bottom of the ranges now, at least we are nearing the previous lows. + + A DCF calculated fair value of $90 is far above the current price as well. + +**Why is it cheap?** + +I believe that the current price fall is entirely due to sentiment in regards to the harassment within the company and it’s management, there are sexual assault allegations and the boss is involved, this has lead to people openly voicing their protests and even the Xbox management have basically said publicly for people to sell their shares and punish ATVI for still having the same boss. So we are seeing a huge sell off now as people are reacting to this sentiment towards the company. However I believe that the true value of ATVI is their staff not their managers, the potential to make great games is within their staff and tech not their leaders and I suspect that the current CEO is going to bow out or be asked to leave. + +I don't see ATVI going bust, I see them being a player for years to come and when we get enough chips to actually sell xbox series X's and PS5's to players then we are going to be seeing a lot more players than we have even now. Everything is a gamble but I reckon this stock is a bargain at the moment and it may even drop lower first. + +I don't think the sell off is over just yet, politically this is still a hot potato and something will have to change like certain people leaving then things will go back to where they should be so I'll buy a couple shares and hopefully a couple more in a couple weeks if price continues lower. + +&#x200B; + +I'm working with just a few hundred dollars and am just trading for fun this year to see how things pan out, you've got to learn through doing after all. +FibSWAP DEx ($FIBO) are delivering revolutionary technology that will allow everyone to trade multiple cryptocurrencies across multiple blockchains - in 1 swap! 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From what I’ve seen the people are genuine and want to help their clients reach financial stability. Can someone help explain why everyone seems so shaky on them? Thanks. +Elon Musk has $150 Billion in Margin loans and he is being sued over $55 Billion of his Tesla options. I've seen articles saying pre split Tesla falling to $570 could trigger a Margin Call for Musk. I can't find any new articles about Elon margin call post split but I've seen on Reddit that if Tesla falls to $120-$130 post split Musk will be margin called. If the Judge in the options case rules Musk unduly influenced the board to grant him that $55 Billion Tesla options package by being a controlling shareholder and forces him to give up that $55 Billion in Tesla shares while simultaneously Tesla falls below $120 ( which it is dangerously close to) will Musk effectively bankrupt himself? The previous greatest destruction of wealth in Modern History was Masayoshi Son losing $70 billion in the Dot Com Crash, his only saving grace being a $20 million investment in Ali Baba that swelled to $100 Billion. Do we have a front row seat to the great wealth destruction in history ($100 Billion or over)? +I'm planning on purchasing a house next year (probably around summer time). I usually don't keep much cash in my savings. I usually invest my money as soon as I receive it, but because I'm purchasing within a year, I haven't done that. + +I'll have the downpayment ready in the next few months, but I also don't really want to have it sitting in my bank. Stocks are cheap right now, so I'm pretty tempted to buy with my downpayment money, but if the market crashes further in the next year, then that would probably delay me from purchasing a house, so I'm wondering what other options I should explore in my position? +Everyone knows TSLA is "overvalued" right? The thing is, Musk is a fucking GREAT CEO. It doesn't matter what you think TSLA's valuation is because as long as Musk is running it it will continue to succeed IMO. Why? because of things like this: + +https://finance.yahoo.com/news/tesla-taps-market-rally-keg-145407552.html + +Tesla did the same thing back in February, almost immediately after the stock hit $1000/share, and then priced the offering at $767 to raise $2 billion. A few months before that people were afraid they were going to have to file bankruptcy, but with that offering they rescued themselves and gleaned the cash they needed to keep going. Now, after a 5:1 split and another MASSIVE run to pre-split prices of almost $2.5k, ol musky boy files a $5 billion shelf which basically means they can now sell up to 5 billion in shares whenever they want. You better believe that a big chunk of this will be sold in the near future, and they will raise billions in cash at these ridiculous valuations. + +Musk is the definition of a capitalist and if you think TSLA is going down any time soon well ... you're gonna have a bad time. Offerings can push it down in the short term, but long term a TSLA with $5 billion more in cash is WAY stronger than the current TSLA. +You have to wonder why a company would take on such an unprofitable endeavor. If the housing market decides to turn again how big are their potential losses? What’s the best case scenario for this company long term? + +https://www.curbed.com/2019/3/21/18252048/real-estate-house-flipping-zillow-ibuyer-opendoor + + +I have been in an okay situation for the last 2 or so years - not great, I have an okay paying job (for now) and still have student loans and a car loan, but I have emergency savings that will last me a few months. + +I come from a very poor upbringing - a single mother with 3 kids on low income everything. It's a rare moment to be proud of where you come from when you grow up poor. But today I went and picked up groceries for the next 3-4 weeks for my partner and I and spent less than 80$ - but I knew exactly how to do it. It was like being on autopilot. I grew up on rice, beans, and cottage cheese. If we were lucky and my mom got extra tips from waitressing or a new client (personal trainer during the day) we would have chicken or beef, then she would make a stock out of the remains and would make the best tortilla soup. She made everything last, stretched every dollar, and worked her a$$ off. + +Today I realized she taught me survival skills. Growing up poor is really hard in many ways. But it teaches you so many lessons on happiness, and survival, and how to prioritize your dollars when it matters most. For everyone that is going through hard times financially, you definitely are not alone. But if you can learn to live when you're in poverty, you can certainly learn to thrive when you are financially stable - and you WILL see the other side of this! + +Knowing how to cut out all unnecessary items out of your life is a skill that you only learn when you are forced to do it. Right now, I'm okay, but even the looming threat of job loss or furlough is enough to subconsciously enter survival mode. I am perfectly content with my rice, beans, and cottage cheese. It tastes like my childhood, and only costs $0.44 including spices per meal. + +Update: Wow! Sorry everyone! I turned off notifications on my phone during the pandemic so I’m not on it all the time. I’ll be replying to all of you shortly. + +Edit: Someone asked what I bought and thought it would be good to share - I eat MOSTLY vegetarian, and my partner is vegetarian so it makes it super easy to scrap meat, which is expensive. Here is what I bought: + +Eggs, 60 ct - $9.17 ($1.83/dozen) + +Stir Fry Frozen Veggie Mix , 5.5lbs - $9.79 ($1.78/lb) + +Onions, 3lbs. - $0.69 + +Flour tortillas, 2pkgs. - $2.56 + +Black beans, 10lbs. - $10.41 (1.04$/lb) + +Salsa, 2 jars. $3.38 + +Shredded cheese, 1lb. - $2.88 + +Rice, 10lbs. - $4.23 + +Tofu, 4 lbs - $5.39 ($1.34/lb) + +Apples, 3lbs. - $3.00 + +Bananas, - $2.00 + +Butter, 1lb. - $2.39 + +Oatmeal, 1 carton, - $2.39 + +2 pkg rice flakes (drunken noodle noodles) - $4.24 + +Fish sauce (large size) - $3.89 + +Brown Sugar, 2lb. - $1.32 + +Limes, 2lbs - $3.88 + +Oyster Sauce (lg) - $6.79 + +Cottage cheese, 2 24 oz - $3.38 + +Came out to 77.75$ - had a few coupons that applied at checkout that basically waived the tax! to be frank I have a lot of other ingredients at home (for example, soy sauce, salt, spices, pasta, cooking oils, polenta, pasta sauce bought on sale, frozen fruit and meat for me) but this will last us a very long time! I'm sure your Walmart will have a this stuff and priced around the same. I cook a LOT of Asian and Mexican dishes. + +To assemble the bowl of wonder in the title, cook rice as you see fit, and simmer beans with some bouillon (cheaper than store bought stock - I use Better than Bouillon No chicken Base, vegetarian gf limits my bone broth roots), an onion (diced), green bell peppers (diced), any spices you desire eor can geet your hands on, and jalapeno. Combine rice beans and cottage cheese in a bowl, put some hot sauce or whatever else you desire, enjoy! + +Be safe out there! +I believe the latest Ryan Cohen tweet is related to the GMERICA spin-off . This could be the next stage of the company transformation. This feels like a boxing match at the moment with sides trading blows. However, this could well be the Knock Out punch for our favourite hedge funds if they don't take the latest opportunity to close their short positions. I can't wait for my free NFT and associated shares from the spin-off company. I wonder who the artist will be who produces the NFT. Maybe if i wear my hoodie backwards it will come to me. + +Edit 1: Someone has pointed out that the subsidiary will be GME Entertainment (NASDAQ) + +Edit 2: Someone else pointed out that its bullish as fuck for the parent company. +*This is not financial advice. I am a retard who always lets one banana in the bunch he buys go bad because I can’t time eating the bananas correctly.* + +**This post will re-analyze Cohen's tweets and Gamestop's positive price movements in relation to** u/Criand's new T+21 net capital thesis. + +&#x200B; + +First of all I would like to lead you to Criand’s new post, “Revisit to Net Capital”. + +[https://www.reddit.com/r/Superstonk/comments/ny2ov4/a\_revisit\_to\_net\_capital\_what\_is\_truly\_driving/](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) + +I believe that TA does not apply to our favorite stock (but look forward to Elliot Wave guys proving me wrong), but the initial T+21/T+35 cycles were unique in that they don’t rely on normal stock behavior, and instead analyze the unique situation GME is in (excessive shorting, FTD’s). Additionally, it has had almost a 100% success rate at predicting price movements. + +I believe the net capital requirement thesis ties this together by eliminating loose ends in the previous theory, such as the shaky T+35 price movements, in addition to providing a solid explanation as to *why* these movements occur. + +**I decided to take this opportunity to revisit speculation on Cohen’s tweets/Gamestop major news**, their timing, and analyze if these were the causes of price movements (and thus not the actual cycles). I decided to investigate by going full retard on my only day off and investigating each news report compared to the net capital cycle. The result has my ***tits absolutely, indescribably jacked***\*\*:\*\* + +&#x200B; + +# If you’d like to follow along, let’s open Criand’s beautiful chart - + +[https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7](https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7) + +and take a look with some positive Gamestop news catalysts and tweets from our favorite Ryan Cohen. I’ll keep this area to data only and leave speculations for the end. + +&#x200B; + +# 1. The Ice Cream Cone + +[https://twitter.com/ryancohen/status/1364650709669601289](https://twitter.com/ryancohen/status/1364650709669601289) + +Ryan Cohen tweets the famous ice cream cone on Feb 24, **lining up perfectly with the T+21** net capital requirement date. The price rockets that day. + +&#x200B; + +# 2. Voluntary redemption of senior notes is announced. + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +GME announces a voluntary early redemption of senior notes on April 13th. Price spike is April 13 AH – T+14 date is April 15th. The positive news does not correlate with price movement. + +*Side note:* DFV Final Yolo update: April 16th + +&#x200B; + +# 3. Cohen train tweet. + +[https://twitter.com/ryancohen/status/1386485746916380673](https://twitter.com/ryancohen/status/1386485746916380673) + +April 25th: Cohen tweets a train coming. South Park. **This is** **one day before the T+21** or 75% Net capital cycle. Additionally: + +# 4. Gamestop announces completion of the At-The-Market equity offering program. + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program#:\~:text=GameStop%20disclosed%20on%20April%205,time%20through%20the%20ATM%20Offering](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program#:~:text=GameStop%20disclosed%20on%20April%205,time%20through%20the%20ATM%20Offering). + +This news is **placed directly on the T+21** date. *Price spikes.* + +&#x200B; + +May 3rd; Gamestop completes voluntary early redemption of senior notes, leading them out of debt. + +T+7 is May 5th, no price movement on this announcement. They also announce acquisition of a 700,000 sq. ft fulfillment center, resulting in *no price movement*. + +May 11; Gamestop tweets man on the moon, T+14 is May 14th, + +May 12, Gamestop Esports twitter profile is launched. + +None of these announcements result in significant price movement. + +&#x200B; + +# May 25, Ryan Cohen tweets “Don’t try this at home” at 12:32 AM, midnight before market open on the T+21 cycle the next day. + +[https://twitter.com/ryancohen/status/1397047791889879041](https://twitter.com/ryancohen/status/1397047791889879041) + +*Price spike.* + +&#x200B; + +Later that day, the Gamestop NFT is found. It has a launch date of July 14, 1 day before June 24 T+14 cycle. + +&#x200B; + +May 29, Cohen tweets “R.I.P. dumb ass”, noting that the T+21 cycle has been figured out and the Hedgies. Are. Fuk. + +&#x200B; + +# Speculation: + +Cohen is *fully aware* of the T+21 net capital loop that the hedge funds are trapped in. Given that both good news and hype tweets are clearly insufficient to result in a positive price movement (See: May 3rd, May 11, May 12, April 13), I am highly doubtful that an ice cream cone tweet is enough to drive up the price by over 100%. + +I believe that Cohen has had this figured out since very early on, and that’s clear in his tweet behavior on later T+21 dates. + +**This can also explain why Gamestop made the choice to conduct a share offering on 6/9 -** + +6/9, the Gamestop shareholder meeting, as meme of a date as it may be, is *not* on a significant net capital requirement date, and thus Cohen and friends were well aware that the price would fall again. To counteract negative sentiment, he announces the share offering; effectively, FUD immunity, because any negative movement can be attributed to it. Additionally, it provides *1 billion dollars* in capital for future positive announcements, which he can place on the T+21 dates; for example, the June 24 T+21, which is in close proximity to the Russel rebalancing. Note: So far, only Cohen tweets have lined up with T+21 dates. If positive Gamestop news; an acquisition, a dividend, NFT’s, esports deals lines up… oh god. No dates, but those with shares have nothing to worry about - they're in good hands. *Only up.* + +&#x200B; + +**Tl;dr:** Cohen is well aware of the T+21 dates and has lined up his own tweets *in clear indication* of it. The 6/9 ATM market offering, although I know many apes including myself were disappointed by, is basically FUD immunity as the price falls in between T+21 cycles. Furthermore, it raises capital for positive corporate announcements which can be lined up with T+21 dates, which so far, only Cohen tweets have lined up with. Price movements are largely irrelevant to news. + +*We’re in good hands. If you hodl shares, there’s nothing to worry about. HODL!* + +&#x200B; + +Edit: formatting. If anyone has criticisms, announcements, or additional news that I missed, please comment below. + +*Not financial advice.* + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: Guys I fucking missed one. + +&#x200B; + +&#x200B; + +# On March 25, Cohen tweets our smoky teddy, + +[https://twitter.com/ryancohen/status/1375159657166209031](https://twitter.com/ryancohen/status/1375159657166209031) + +**Lining up with the T+21** date on March 25th. + +With this, out of 18 Cohen tweets since his activity in Gamestop, 4 of them line up with the 5 T+21 cycle days thus far, missing only the first one on January. While it is *possible* that this is a coincidence, given that there's about 180 days since the beginning of all this I don't think it's very likely. If anyone is a statistics legend and could calculate the probability that this is random it would be much appreciated. Also, I don't think there's much of another reason why he would tweet an ice cream cone. + +edit: Reached out to friend who is a statistics major. He just graduated and doesn't want to do math but his response was - "Pretty sure though just from inspection it'll be statistically significant". + +edit 2: Update - math wrinkle brain messaged me with: + +"I can't post bc of karma but the probability of having at least 4 right dates on 5 while picking 18 out of 180 is **0.0339%** It's an hypergeometric law." + +In basically any statistical research model this is ***significant***. As always if anyone has any corrections to this please comment or message me. Tits jacked! +I began investing in Bitcoin in September 2019. When COVID-19 had its impact on the market in March 2020, i went against my emotions, which were telling me that I had been foolish to invest as my investment had halved within hours, and instead followed my head, which told me of course that it was a buying opportunity unlike any that I'd possibly ever see again. +Last week the contract settled on a duplex for my 2 sons, 17 and 18, to own and live in a their first property investment. I am supporting 1/3 of their mortgage repayments for the first 2 years as they are both apprentice tradesmen. +I'm not wealthy and have had plenty of bad luck along the way but Bitcoin made it possible for me to help start my sons from a far more favourable economic position than i was able to +I have been adding dividend aristrocrats to my portfolio since a year or so. But PG always seemed to be to expensive given the share price. That price just kept rising during this past year and I get the feeling, that this stock never goes on sale... Do you think, that after the current drop it might be an attractive value? +It seems like a lot of the more successful traders on here have pretty set strategies, has anyone tried automated their trades using code instead of manually trading? It seems like picking up nickels in front of a steam roller is a lot easier if you're using a Roomba. +Holy hell guys, I think we need to have a real conversation about risk management. I see a lot of posts like "I need to switch to thetagang and start making money!" Or some variation on this. Here's the thing: + +Switching from buying to selling options, or rather from theta-negative to theta-positive trades, on it's own, is not enough to stop losing money. In fact, yolo-ing as an option seller can be even more disastrous than as a buyer (oh you thought you could only lose as much money as you put in? that's adorable) + +I think the real key that makes thetagang successful is that we tend to be very methodical, strategic, and deliberate about trading. It's all just risk management, in other words. I think if you primarily bought options (or otherwise traded with a negative-theta portfolio) with the same amount of strategy, consideration, and risk management, you'd probably do just fine. It's a different approach, that's all. + +There's a lot to say on this subject but here's a couple key points for risk management success in my opinion: + +1. TRADE SMALL. We parrot this all over the place, everyone says it. But do you really trade small? What's "small" anyway? Think about having a maximum buying power reduction for a trade of maybe 5% for a small account, reducing as your account grows down to like 1% or less for a thiccboi account. So yes, if you've got $10K, you should really only have $500 in BPR per trade. So what does that look like? Well, it COULD be trading $5-wide vertical spreads, or $500 worth of calendar spread debit per trade, or whatever. OR, you could sell naked puts/calls with a buying power requirement of $500. That does \*not\* mean wheel $5 stocks. $5 stocks suck, mostly. Margin requirements are low for non-volatile non-meme stocks. For instance, selling the Feb19 $28 put on T right now requires $500. The damn thing barely moves. It's not sexy, but it's safe. Another word on this - trade less contracts, not more. Dumping $2K into a shitload of $1-wide vertical spreads expiring in a week is essentially a binary bet, and I don't care if you disagree. That spread will either be on or off and you can be out that whole $2K you set aside. There's not much in between for such a narrow spread, your two options basically have the same greeks and the whole thing is super binary. If $2K is the right amount of risk for you, widen that spread out! It's been beaten to death here and elsewhere why fewer wider spreads are better so enough said on that. Dumping a ton of money into a 50-lot of the same thing is not diversified and is a bad plan. Particularly if those spreads are narrow. Last thing on this is - don't trade with 100% of your capital deployed at once. You won't be able to weather downturns very well, and you will have to liquidate stuff to jump into hot opportunities as they come up. Right now I'm around 50% deployed, but the exact number is a personal choice. +2. HEDGE YOURSELF. If you've got a pile of short puts on all the hot memes, and we get a 2-sigma down-move, you're toast. Sell some calls, sell call spreads, buy some VIX calls. Understand where your risk is! Do you have individual underlying directional risk? market directional risk? volatility risk? How should you hedge some of that? How and how much of it to hedge is up to you. Personally, I'm happy with a little positive beta-weighted portfolio delta right now, and I've got long VIX calls as a tail-risk hedge. Some folks sell lots of calls against the memes on the weekly, to hedge their directional risk from all the short puts. Whatever works for you, understand where your risk is and at least take that risk deliberately instead of unknowingly. +3. DIVERSIFY. Trade different sectors, expirations, product types (futures, metals, etfs, everything), and strategies. Don't know what strategies to trade besides the wheel? NO PROBLEM, learn em by doing research, then by paper trading a little, then start small. You don't want to be, for instance, long PLUG, FCEL, SPWR, and CSIQ exclusively. Green energy market takes a shit and you're toast. This comes back to the "don't trade a ton of the same contract at once" - diversify. Trade long and short, trade near and far, trade all over the place. Also, don't overlook diversifying your strategies. Right now my portfolio is a freakish hedge maze of calendar spreads, ratio spreads, diagonal spreads, short puts and calls, long puts and calls, and shares. Wtf, I thought thetagang = wheel only? No! Learn to trade the right strategy for the situation at hand. Example: I want to get short exposure on GME, but shorting shares is for suckers right now. And selling naked calls on GME right now is beyond my personal risk tolerance. So what do? Buy a somewhat OTM put expiring in a month. But that's expensive and not thetagang! Right, so I'm financing it by selling weekly puts further OTM against it. WTF? Diagonal spread. +4. BE CAREFUL TRADING MEMES. Look, I get it. The premium is so juicy, the pennies are so shiny and the steamroller is so far away. But goddamn, if you sell a $40 put on GME today, and next week it falls to $30, this should not shock you. For long term success you need to understand trading these high-flying, fundamentally shitty companies (no hate to my GME brethren) are HIGH RISK. So, trade them small, stay diversified, hedge as appropriate when trading memes. The wheel, in my opinion, is an awesome strategy when implemented on solid companies. What's a solid company? Something on the list of dividend aristocrats, for instance. A company you've heard of. A company whose products you actually use. Apple, Visa, Walmart, Disney. +5. HAVE A PLAN. BEFORE you enter any trade, know wtf you're going to do if the underlying goes up, down, or sideways, if volatility goes up, down, or sideways, and if any of the above happens immediately, soon, or slowly. You don't need to write down a six-page essay about it, just have a plan. Know how to manage the trade if its winning and if its losing. +6. TREAT THIS LIKE A BUSINESS. Know your numbers. What trades are making you money? Which ones are losing you money? Why are you spending money on losing trades? Should you allocate more to your best products (trade types)? Food for thought. If you aren't tracking your returns, capital in/out, sharpe ratio, trade success by type and underlying, etc., are you treating this as a game or a business? It's a business and a hobby for me. I love it, it's fun, but I'm here to make money. So I know my numbers. + +Anyone got more tips for risk management? Share em! Let's get the sub thinking about this. + +Edit: Forgot to add something about saving some cash on the side +Yesterday ATOS drug was cleared from the Phase 2 FDA study because the results were so freaking overwhelmingly good. Here is the article: + +[https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html](https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html) + +Today another article came out, they did a check up on a patient who was probably going to die 2 years ago (they don't allow these types of experiments otherwise usually), so they gave her the drug to "test" it on her, she was going to die anyway type of thing. 2 years later, and she's alive and doing fine. Article: + +[https://www.globenewswire.com/news-release/2021/02/03/2169192/0/en/Atossa-Therapeutics-Announces-Two-Year-Update-of-FDA-Approved-Expanded-Access-Treatment-with-Endoxifen.html](https://www.globenewswire.com/news-release/2021/02/03/2169192/0/en/Atossa-Therapeutics-Announces-Two-Year-Update-of-FDA-Approved-Expanded-Access-Treatment-with-Endoxifen.html) + +The news did not hit the mainstream outlets yet, I think this stock has a lot of potential, I mean... Overall, any company that heals breast cancer probably has a lot of potential lol + +&#x200B; + +**Edit:** Someone asked me where the article says that the lady was going to die, it does not, it's an assumption of mine. Because the only way to get into the FDA compassionate use program (Expanded Access) is ONLY if you fall under these categories: + +* Patient has a serious disease or condition, or whose life is immediately threatened by their disease or condition. +* There is no comparable or satisfactory alternative therapy to diagnose, monitor, or treat the disease or condition. +* Patient enrollment in a clinical trial is not possible. +* Potential patient benefit justifies the potential risks of treatment. +* Providing the investigational medical product will not interfere with investigational trials that could support a medical product’s development or marketing approval for the treatment indication. + +Source: [https://www.fda.gov/news-events/public-health-focus/expanded-access](https://www.fda.gov/news-events/public-health-focus/expanded-access) + +&#x200B; + +**Edit #2:** I didn't expect this to get more than 10 likes... Dang. Thank you guys for the awards. I want to be clear that I'm not a financial advisor, I posted this when the price of the stock was at about 3.20 and it later dipped to 3.05. You are responsible to pull your money out in case the stock begins to go down. Though, our fingers are crossed for the moon ofc :P + + +**Edit #3:** First gold, dang, thank you kind stranger! Stay green guys, **set stop losses**, pharma industry is unpredictable! Love you guys, hope you all bank :) +Follow-up post of my previous post: + +[https://www.reddit.com/r/Superstonk/comments/p6o6e7/blackrock\_sold\_22\_of\_gme\_probably\_rebalancingbut/](https://www.reddit.com/r/Superstonk/comments/p6o6e7/blackrock_sold_22_of_gme_probably_rebalancingbut/) + +&#x200B; + +A few comments there drew my attention to Renaissance Technologies, TBH I have never heard from them before, So I did what every smart ape does, I go to wikipedia: + +&#x200B; + +https://preview.redd.it/u4eyedlcq9i71.png?width=1410&format=png&auto=webp&s=6ca4121d8df7b8148fa3c170c0d51dc8b39aa448 + +Okay so let me get this straight: The most successful hedge fund in the world, which only acts based on mathematical models/statistics/hard facts and not on emotions/human behavior...etc just recently bought 606k GME shares... TITS OFFICIALLY JACKED! + +Source: [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) + +https://preview.redd.it/akz7c9ljr9i71.png?width=980&format=png&auto=webp&s=4507dccc818ad5d4a1ab0a4e1f25e7689711244b + +Edit: For some clarification: + +https://preview.redd.it/9l56cm8d8ai71.png?width=714&format=png&auto=webp&s=fbd5299b2615000b633bb9cfce079bc2c251abd6 + +Effective date is 06-30, so who knows if they are still in right now. Also something to mention: In their 2020-09-30 13F they had 800k shares but they were gone in their 2020-12-31 13F so they sold their first 800k€ shares before the first big run-up in January...Maybe they learned from their mistake :-D +[https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) + +&#x200B; + +Based on these margin statistics margin debt is growing at the fastest pace in years reaching almost $860 billion. I think it seems to be on the back of stimulus and low interest rates making it tempting to buy as well as a stock market that keeps going up. Should be interesting to see if this trend continues as we move through a potential "taper tantrum" situation with the fed taking it's foot off the peddle. +Along time ago, before the great Tech Collapse, there was a time when Big Tobacco looked to be on its last leg. The end of the 90's had everyone fretting that tobacco would be coming to an end, and it was for the good of everyone - except those evil tobacco companies. In the US, the massive [Tobacco Master Settlement Agreement (MSA)](https://en.wikipedia.org/wiki/Tobacco_Master_Settlement_Agreement#Summary_of_terms) was going to cost the American purveyors of tobacco a whooping $206 billion. They would also be severely restricted in how and where they sell their product. Similar lawsuits across the Western world followed suit. Stocks became toxic to hold, dividend yields shot to 10%-12% and above, and valuations were now in the mid single digit. So called "Ethical Funds" refused to hold their stock and the advice of every person in the investment industry was to stay away. The business of tobacco was over, they may be bankrupt in a year, but they would definitely be gone entirely in less than 10. The end is nigh they said. + +Well, from sitting in our place here is 2021, the major tobacco firms are all still alive and well. They paid their fines, diversified their product offerings, and still spit out a tonne of cash year over year. Over the past 20 years, companies like Phillip Morris ([now Altria up 9,620% over the past 20 years](https://www.investopedia.com/articles/investing/022716/5-best-performing-stocks-last-20-years-gmcr-celg.asp)), RJR, and Canadas Rothmans delivered a great overall return (though admittedly hard to track due to takeovers and reorganizations). + +So what does all this have to do with oil stocks? Well, I think the O & G sector across the west is now in the exact same spot. The new "ESG Funds" refuse to hold O & G stocks, governments around the world are creating Carbon Taxes to penalize the wicked, and every corner is a new bio diesel plant or EV car company. Everyone is now sure that oil is a thing of the past, COVID was simply the nail in the coffin. However, any person in at least North America must admit that an anecdotal look around still shows a lot of oil is being used on a daily basis. Then, what about in 10 years? Well, first of all, no one knows, but there does seem to be a precedent for this - tobacco. Now, smoking across the developed world has come down, but not nearly as much as in the dire reports coming out weekly 20 years ago predicted. I myself still smoke, and I do think of quitting now and again, and I know I should - but I haven't yet. We will generally use less oil over the coming 10, 20, and 30 year timelines, but that does not mean that an investment in the sector is doomed money. It just means, like tobacco companies, they have to be smart with the capital they generate. We are seeing that in the sector as we speak. Most companies are not looking at increasing oil production. They are instead looking at making their existing operations as efficient as possible. They are also, like tobacco companies, increasingly looking at directly rewarding shareholders via increasing dividends and share buybacks. There is also the possibility for companies that own infrastructure assets, like petrol stations, refineries, mid-stream assets to monetize them for the benefit of shareholders. Companies in the sector are also allocating funds to new endeavours in clean energy, such as wind farms, bio diesel, hydrogen, EV charging facilities and so on. + +No one can be sure what will transpire, but prognosticators (myself included - a lot, should have held MO!) have gotten it wrong before. My feeling is that they are getting it wrong again. Group think is a tough thing to defend against. And going against the grain can lead to years of feeling like you got it wrong. However, maybe, just maybe, they really are getting the future wrong - again. +BitGay is the first LGBTQ community token built on the Binance Smart Chain aimed at providing support to the LGBT community. This is why they have pledged to donate 25% of transaction profits to the various LGBT funds on a weekly basis. 🏳️‍🌈 + +They just donated $10,000 to LA LGBT Center, which they raised in just one week!!! (compared to Bingus, who only did $350) Come help the cause and make the world a better place. 💕 + +Huge rapper bbno$ (1 billion+ plays on youtube, 1M+ on instagram) joined their Telegram 10 minutes and bought a ton of BitGay. Check the likes for proof: https://twitter.com/BitGayCrypto/status/1385250089912909827/likes + +Info: + +• No pre-sale, fair launch + +• Only $1.3M marketcap + +• Weekly burns! 🔥 + +• CMC and Coingecko listing coming soon. + +• Liquidity Locked and Burnt 🔓 + +Lock proof: https://dxsale.app/app/pages/dxlockview?id=0&add=0x6D8c7feBDc4ab670b62346D9c0407F4e637bF195&type=lplock&chain=BSC + +Burn proof: https://bscscan.com/token/0x6f84ec1cc27323023699f201ae80dc6dd3c206e4?a=0x000000000000000000000000000000000000dead + +A revolutionary coin for those in need, backed by decentralization. + +📱 TELEGRAM > https://t.me/bitgay + +🌎 WEBSITE > https://bitgay.org + +🐤 TWITTER > https://twitter.com/BitGayCrypto + +🛒 PancakeSwap > https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9 + +📝 BscScan > https://bscscan.com/token/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9 + +📈 CHART> https://poocoin.app/tokens/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9 +BitGay is the first LGBTQ community token built on the Binance Smart Chain aimed at providing support to the LGBT community. This is why they have pledged to donate 25% of transaction profits to the various LGBT funds on a weekly basis. 🏳️‍🌈 + +They just donated $10,000 to LA LGBT Center, which they raised in just one week!!! (compared to Bingus, who only did $350) Come help the cause and make the world a better place. 💕 + +Huge rapper bbno$ (1 billion+ plays on youtube, 1M+ on instagram) joined their Telegram 10 minutes and bought a ton of BitGay. Check the likes for proof: https://twitter.com/BitGayCrypto/status/1385250089912909827/likes + +Info: + +• No pre-sale, fair launch + +• Only $1.3M marketcap + +• Weekly burns! 🔥 + +• CMC and Coingecko listing coming soon. + +• Liquidity Locked and Burnt 🔓 + +Lock proof: https://dxsale.app/app/pages/dxlockview?id=0&add=0x6D8c7feBDc4ab670b62346D9c0407F4e637bF195&type=lplock&chain=BSC + +Burn proof: https://bscscan.com/token/0x6f84ec1cc27323023699f201ae80dc6dd3c206e4?a=0x000000000000000000000000000000000000dead + +A revolutionary coin for those in need, backed by decentralization. + +📱 TELEGRAM > https://t.me/bitgay + +🌎 WEBSITE > https://bitgay.org + +🐤 TWITTER > https://twitter.com/BitGayCrypto + +🛒 PancakeSwap > https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9 + +📝 BscScan > https://bscscan.com/token/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9 + +📈 CHART> https://poocoin.app/tokens/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9 +There is a ton of great information coming out right now but I am realizing more and more that GME apes don't have a lot of knowledge about cryptocurrencies and the connection between GME and Loopring is a bit confusing. I am still learning myself, but I have a pretty good grasp on the concepts of why the Loopring and currency (fiat) on-ramp is SO important to crypto as a whole (although I am open to corrections and I recognize this is very surface level stuff). + +**Condensing the scattered information** + +The problem is, all this great information is scattered throughout the sub and its in bits and pieces leaving our more "special-er" apes to fend for themselves, piecing it all together. I wanted to make a very short summary that should bring some of you up to speed on what is happening, why this is HUGE, and why it's BIG for GME. + +**Crypto's Problem and What Loopring Addresses** + +When Googling cryptocurrency, the first thing you'll find is **exchanges**. Exchanges like Coinbase, Gemini, Kraken, etc. all allow for a method of exchanging your regular cash money (called fiat) into cryptocurrencies. With this, they charge a fee and hold a whole mess of cryptocurrency to act as an exchange facilitating transactions. Well, if you're any ape at all, you that exchanges are icky. Some ickier than others, and some like to turn off the buy button (and in crypto's case, the sell button). An exchange that has a central controller such as a corporation is called a **CEX (Centralized Exchange)**. *Sex For Dummies*, anyone? + +The problem here is not only the ability to turn off the buy/sell button, but also the ridiculous fees charged by the exchanges as well as gas fees charged when transferring from wallet to wallet or converting to outside the exchange cryptocurrencies. I am not going to go into too much detail about gas, but basically, when you undertake a transaction, you pay gas fees that can sometimes (at this point) being in the 100's of dollars making cryptocurrency trading off exchange much less appealing unless you're a whale. This problem also impacts the possibility of realistically getting non-fungible tokens (NFT's) to go mainstream but that's for another discussion (but another huge reason you're gonna be rich). + +Enter **decentralized exchanges (DEX's)**. Dex's demonstrate why CEX's are for dummies (hint hint). Decentralized exchanges instead utilize a peer-to-peer marketplace as opposed to a centralized exchange as described above. This prevents someone from "turning off" your buy/sell button but instead relies on the coding of the currency you're utilizing as well as the DEX you are using. This provides for a fair marketplace without large entities dipping their hand in your wallet for fees. + +I don't want to complicate things too much, but remember this: **Level 1 networks** are the big players like bitcoin, ethereum, litecoin, and anything else that serves as a decentralized ecosystem (thanks Google). **Level 2 protocols** operate on top of level 1 networks. Loopring, is a level 2 protocol that operates on the ethereum blockchain. + +Loopring as a level 2 protocol solves a specific problem in crypto at this time: It creates a decentralized marketplace for cryptocurrency trading with an orderbook and transactional capability WITHOUT the need for an exchange. This is all done automagically through something called a **zkRollup**. This technology allows for transactions to take place in a different way as to exceptionally reduce gas costs (remember that issue above?), increases anonymity of the user, and also allows for it to move much quicker than on the blockchain of ethereum directly (because higher levels are always better, right?). + +**Recent News** + +The most important news I have seen recently is related to the confirmation of the fiat (money) onramp for Loopring v2. It was clear from previous tweets that Loopring had prepared the technology and were waiting on providers to prepare their end of things to allow for you to put your money where your mouth is, because it takes money to buy whiskey. Assuming the on-ramp integration is successful, this will result in the ability for you, in your owned and self-custodied wallet, to not only deposit money to your wallet to purchase cryptocurrency without a CEX (because they're dumb), but also purchase cryptocurrencies (and other spicy things like NFT's) independent from an exchange's permission. **This allows everyone to buy and trade with freedom, saves ridiculous amounts of money in gas fees and transaction fees, and opens up financial freedom for everyone.** + +**Why GME is Going to Skyrocket** + +Alright, now we are to the part that you wanted to see. Loopring is an important piece to Gamestop as a technology company. Loopring's marketplace will revolutionize crypto and make centralized exchanges like Coinbase and Robbinghood **unnecessary and outdated**. Loopring is great and all, but if only there was a company that we knew, we trusted, had sufficient infrastructure, sufficient expertise, and sufficient cash to make this into a huge product. + +The underlying technology from Loopring will power a marketplace where your financial transactions are your own and you alone are in control. You will be able to purchase crypto-related products and store them in your wallet to be retrieved whenever you decide you wish. **Your various cryptocurrencies will be all in one place, to be traded at will, while your NFT's can be kept for yourself, traded to others in the marketplace, or even minted right on the marketplace (conjecture) at minimal cost.** + +**But Wait, There's More (RIP)** + +What if this marketplace, backed by a multi-billion dollar corporation, with their fancy one-of-a-kind technology, then decided to integrate the market place into gaming and metaverse products that could also be bought/sold on the marketplace interface and sent to the wallet only you control? Yes, I do want to keep my favorite t-shirt in my Loopring wallet, bring it into all of my games for my character to wear, and then subsequently sell it at a profit when I learn it's rare. And then, I learn that the game I was playing that I am bored of is selling for good prices on the marketplace and I sell that and then find a great different t-shirt that I can wear in the games I am still into, all bought on the marketplace. + +**TL; DR:** Buckle the f\*\*\* up apes, it's not just a squeeze, it's a technological revolution. + +*Resources for the wrinkly apes:* + +Loopring and zkRollups: [https://medium.loopring.io/guide-how-to-use-loopring-l2-a267d005255b](https://medium.loopring.io/guide-how-to-use-loopring-l2-a267d005255b) + +Fiat On-ramp: [https://www.reddit.com/r/Superstonk/comments/rcpb5c/omg\_its\_happening\_on\_ramp\_for\_lrc\_directly\_on\_l2/](https://www.reddit.com/r/Superstonk/comments/rcpb5c/omg_its_happening_on_ramp_for_lrc_directly_on_l2/) + +Edit: Thanks for the kind words on this, I truly hope it helps. I will be trying to make my way through the comments to try and clarify where possible; although I’m not sure I’ll have a ton of time to do so I apologize in advance if I miss yours. 🚀 +There is an old piece of conventional wisdom, that the best time to look for a job is when you already have a job. A recent study by the Federal Reserve Bank of New York provides solid evidence that that is the case: + +**[Do the Employed Get Better Job Offers?](http://libertystreeteconomics.newyorkfed.org/2018/04/do-the-employed-get-better-job-offers.html)** (Federal Reserve Bank of New York) + +> . . . We want to compare how job offers received by the nonemployed compare to those received by the employed . . . The most striking result is that there are very large wage differences associated with these offers: on average, employed job seekers receive hourly wage offers that are 39 log points (48 percent) higher than those received by the nonemployed. Even after controlling for the observable characteristics of the job seeker and the employer offering the job, the employed receive wage offers that are still 22 log points (23 percent) higher, on average. + +That's a big difference - a very big difference. There follows some discussion on why exactly the difference is so big. (My own experience suggests that people who are already employed only look for jobs that are strict upgrades from their current position, so are more selective in what they apply for in the first place.) + +That obviously is not good news for those who are unemployed. But it suggests a few general ideas to guide the job search. + +**Don't quit a job until you have an offer for another in hand.** ([As stated in the PF wiki](https://www.reddit.com/r/personalfinance/wiki/leaving_job#wiki_before_resigning_or_if_you_are_at_risk_of_being_let_go.2Flaid_off).) It's not just that being unemployed is *really* expensive - although it is - it's also that your prospects for finding another job are worse than if you stuck with the last one. + +**Consider starting early in looking for the next job if it looks like layoffs or an unlivable work situation are headed your way.** Waiting until you get the pink slip is a really bad idea. Even if the layoffs never materialize, you'll have expanded your business network by meeting with other potential employers. + +**Consider taking interim or temporary work while engaged in a long-term job search.** "What are you doing right now" is a terrible question if the answer is "nothing". Being full-time looking for new work looks good on paper, but see the statistics cited above - it's bad for job offers. Taking a temporary position, even something like an unpaid internship (you don't have to tell them how much you're currently making - or not making), can improve your position in negotiating a new position. +As the title says, my parents are old (68 and 67) have zero savings, don’t own property, and are living paycheque to paycheque. They work low-wage jobs and every dollar goes into bills. Super has been cleared out long ago. To make matters worse they’re divorced, so they can’t even share bills. My mum also looks after my disabled sister (31) full time while working. + +The situation is unsustainable with their age and not being able to work forever. I earn a decent salary, but not enough to split 4 ways, and am also trying to save as much as I can to escape the poverty I grew up in. Can I do anything to look after them other than sending money to cover bills? +A few months ago I posted on here asking for advice regarding the non-payment of my super for the entire time I was an employee even though they were including it on payslips. I had so many genuine responses so thank you so much to everyone that took the time to comment on my post. + +I went on annual leave for 3 weeks and when I returned, I was asked to meet with the HR Manager and Director to discuss a "Breach of my Contract regarding confidentiality" that had come to their attention, I obviously didn't know what they were talking about but knew what was going on. I mentioned in my original post that anyone who sticks up for themselves or looks like they might, will be bullied into quitting or made redundant.Well, I didn't get either of those options! I was terminated effective immediately for "Gross Negligence" with no payment in lieu of notice. There was at least 10 things that made my dismissal unfair so I was confident submitting a claim. A week later, I received a phone call from a lawyer engaged by the company to resolve my claim. I didn't answer but sent an email requesting all communication was to be in writing. They made a couple of attempts to scare me through email, noting that it would be in my best interest to not proceed with Fairwork, that my claim won't be successful because it's untrue, irrelevant and unsustainable and they may be open to pursuing their own civil case against me but on a "purely commercial basis" they were open to offering me a payout of what I asked for in my application, they had excluding my request for my outstanding super. When I questioned my outstanding super as part of the settlement, I was told it was a separate issue and that it will be paid through the ATO as they are currently adhering to a payment plan (as all outstanding super was supposed to be paid at the beginning of September). I called the ATO to see if they had had been adhering to the payment plan and they confirmed they hadn't and it was their last chance. I rejected this offer knowing I wasn't going to receive my super that easily. I provided a counter offer for double what I was originally asking taking into account my super. + +Anyway I recently received confirmation that they have agreed to settle with my counter offer which means I will nearly have enough to cover my super myself! I also saw during this period that ASIC had released a notice to wind up the company from the State Revenue Office so while I wanted to wrap it up as soon as possible before there was no money left which most of you said might happen. + +**tl;dr** Company didn't pay super to any employees for over 2 years, I stopped letting them tread all over me and they terminated me effectively immediately for no reason with no pay in lieu of notice. I took it to Fairwork & they engaged lawyers to try and resolve it. I stood my ground and ended up with double what I was asking for in my FWC application which is enough to cover my lost super! Happy Days! +Also the company is now being wound up so I came out on top in the end :-) + +PLEASE CHECK YOUR SUPERANNUATION FUND ALWAYS. Don't be careless like I was! +Currently the sub gets about 5-10, where do I get started, I want to get into day trading posts a day. We created a getting started wiki that no one reads. So I am going to post the link in this post. This post is to help anyone new and stop the same redundant posts that ask questions that have already been answered. There is and always has been a link for book recommendations at the bottom of the wiki. This post is a reminder that posts that are answered in the wiki will be removed. + +https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading +More tendies for us apes, let's prove them wrong! 🚀🚀🚀 + +>We took a small short position in GME (167 USD). We will continuously hedge the position to avoid being forced out at an inconvenient moment for an inappropriate reason. +> +>The risk is that the market continues to value GME more like art, as to say there is no direct link to the capacity of generating earnings. It could be a symbol for the art of betting against the suits (that’s how many of these social media participants call Wallstreet’s elite). GME stands for the social media provoked short squeeze, like Kleenex for tissues, Zamboni for ice resurfacer, or Jakuzzi for a bubble bath. Any important influencers can restart the currently weakened spread of the narrative. Knowing this, other market participants might bet on exactly this occurrence and by their actions, increase the probability of it. +> +>However, I believe that time runs against them. The spread of the narrative tends to weaken over time. There will be new exciting subjects in our fast-moving world. +> +>The whole trade is based on masses trying to destabilize the offer and demand of the shares. There is no double cushion as to say that the holder benefits at one point from an intrinsic value in the form of dividends or liquidation (the trust of being able to perform both is often sufficient). This makes the trade very fragile during stressful market conditions. +> +>We should not forget that GME is still a retail company that faces declining revenues due to the online streaming competition, a company that has been looking for a buyer for years. Of course, the 550 million USD that the company managed to raise will influence its odds, but does this justify a 10-billion USD difference outcome? Also to be noted is that the company lost several key people. +> +>Many market participants have been caught on the wrong side of this trade. They will anticipate that this can happen again and take precautions. So, several significant hedge funds do not publish their short book on social media anymore to avoid becoming a target. Option sellers will increase the price of the concerned call options to make the trade less attractive. + +Source is Seekin Alpha, apparently linking to them is banned on this sub +Dear Wallstreet, there is no version of this event where you will come out on top. + +I will absolutely support GameStop no matter what or who is speaking against it. I don’t care about the Market Makers, I don’t care about the NYSE, I don’t care about the SEC, I don’t care about the Media and I don’t care about Wallstreet in general. + +I ain’t selling shit. All I will do for the rest of my life is invest any spare money I have in to Gme as an investment and GameStop as a store. + +Either I see enough zeroes to make a phone number or Wallstreet ain’t getting shit. + +🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣 🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Your markets are run by bots. 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Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +We need a $0 brokerage cost platform. The biggest barrier to investing for most people is the 10-20$ brokerage. + +Most of us don't have 100k laying around to just throw in the market - we need to buy stocks slowly ie put in 100-200 every week or so to build a position and a portfolio. + +Even Selfwealth which is $9.5 and the ASX_bets popular choice is pretty steep when you're comparing it some of the $0 brokerage platforms the U.S has... + +Is there a possibility for $0 brokerage platforms for ASX stocks? +https://investor.vanguard.com/investing/vanguard-brokerage?cmpgn=RIG:OSM:TSM:RMTGTW:01022020:TXL:VID:XX:XX:CNEW:OTH:OTS:XX:XX:POST:VG:sf226347029&sf226347029=1 +Out of Charles Schwabb/TD Ameritrade/ etc. which have a workeable API? Are there any restrictions? (IB cost-free trades don't let you access their API for example) +I'm sorry if this seems like a question that I can easily find the answer to somewhere around here, but I've looked through many of the top posts in this forum and can't seem to find what I'm looking for. + +My goal is to try and build an automated trading system from scratch (to the point where I can essentially press a button to start the program and it will trade throughout the market hours before I close it). I'd prefer being able to use Python for this (since using Python can also help improve my coding skills), but I'm honestly not sure where to start. + +I see many, many posts and books about algo trading strategies and whatnot but I want to actually build the system that trades it. + +Are there any specific resources (online courses, books, websites) you guys would recommend for figuring this out? + +Also, what are the specific parts I need? I know I need something to +gather data, +parse the data, +run the strategy on the data, +and send orders. +Is that it? + +As a side note, how long would a project like this typically take? My initial guess is 4-6 months working on the weekends but I may be way off. FYI, I am a recent CS grad + +Also, I am about halfway through the Quantitative Trading book by Ernie Chan and so far it has been interesting! Unfortunately it's all in MATLAB and covers more on the strategy side. +Currently considering investing in the below ETF/Stock investment strategies. I have a bearish view on the current macroeconomic cycle. Curious to know what sectors the fellas are bullish on and what strategies are working the best for y'all rn. +These investment strategies were created using [composer.trade](https://composer.trade): + + +**Real Assets** + +* This diversified strategy provides exposure to real assets for inflation (Gold, real estate, TIPs, silver, diversified commodities, oil, and timber). + +https://preview.redd.it/spjo90g26bu81.png?width=1139&format=png&auto=webp&s=2a436022121c723e934264345711a7ed9f9d7828 + +&#x200B; + +**Inflation Spiral Hedge** + +* This strategy is a basket of assets designed to hedge against an inflation spiral scenario and includes consumer staples, gold, energy and agricultural commodities, and treasury shorts + +https://preview.redd.it/f2gjw4vh6bu81.png?width=1119&format=png&auto=webp&s=6bde12794ece1f40b603318f833f182be2688309 + +**Smarter Oil** + +* If oil has recently been doing well, it holds an oil futures ETF. If not, it takes it easy with low-risk assets like gold and short-term treasury bonds. + +https://preview.redd.it/uz0aczv77bu81.png?width=1651&format=png&auto=webp&s=4ee8cf0884d7b42436c85e3c1b746d8e7c7ff105 +Over the course of 2021 I invested in FB, NFLX, TMUS, DIS, JPM, GS, ADBE, LEN, SAM, PYPL, SQ, SHW, BABA, BKNG, SE, SHOP, MRNA, NET, DKNG, PLTR, HD, and NVDA and have unrealized losses ranging from 13% to 75% on all these stocks. I bought AMZN in March 2021 and SPY/VOO/VTI in July 2021 and those have been flat over that period. + +The only bright spots in my portfolio have been AZO, AA, ANTM, PG, and COP but I only put 1% capital into each of those stocks and I am down 55% on my entire capital. I just dont feel like I will ever recover from the losses any time soon. It is going to take more than a 100% gain on what I have now to recover and I am thinking about giving up on stocks. What should one do if they are in this spot? +Can someone explain how this fund has been performing so nicely ( returns of around 9%) last year inspite of putting 80-90% in debt/bonds ? I understand that 10-20% is in equities and REITs but still finding it difficult to understand how it can give such returns while being majorly in debt and money markets. +This year and for the foreseeable future, my spouse and I will annually have $750k in W2 income. A few years ago we were earning less than $200k, but we both moved up in our fields fairly quickly as we hit our mid-30s. With good saving habits and the bull market, we now have >$2M in net worth. I estimate we will spend $175k this year. $80k of that is a mortgage on our primary home that we recently moved into. + +We have the opportunity to purchase a $1.5M house in our favorite outdoor activity area that is 1.5 hours away. We currently go there \~12 times a year. To avoid driving 3 hours in 1 day, we like to rent a space or stay with friends or family who have homes there and make a weekend out of it. We'd like to have our own place for a lot of reasons like to not always feel like a guest, to be able to invite our friends, and the general luxury of a vacation home. + +Financially, we can certainly afford the down payment and another $80k/year mortgage. But we are keenly aware that this would be a splurge purchase as we are in the accumulating/HENRY phase. This mortgage would actually put our debt above our net worth. I ran some numbers and we would still end up saving $220k this year instead of $300k. Our goal is to get to $10M. My financial projections say that this vacation home purchase will only delay that milestone by 1 year. + +Seems like we should do this if we want. Am I missing anything? +So far for this week I am down 8%. 3 days in, 6 trades took, 2 BE, 4 losses, 2% risk per trade. Here's the thing, I am following my strategy to the T. Literally to the T, taking clean setups, 2 trades max per day, 2% max risk, placing the trade and setting and forgetting it until my alerts have been triggered. Point of the post is, when trading, you will go through this. Don't worry about it, don't switch your strategy, don't tinker with your rules, its just drawdown. Execute your plan, no matter the day to day result. I know for a fact that over the long run, over the next 100 trades, I will be profitable. In terms of personal progress I am pretty content with myself because I am not feeling any sort of sadness that Im down 8% for the week or anything. I just feel a little offput because ive never lost 4 trades in a row, but through more experience, that will go away too. Trading is a continuous uphill battle, past couple months ive been battling execution fears, once I got over that this happens lol. Anyways to break it down, keep on following your plan and don't worry, the desired results will come. +I want to clear up the considerable confusion that is floating around +about NITs and UBIs and EITC. Let's do this properly, just once, +so we can refer back to it later. + +Acronyms: + +* UBI is *universal basic income.* A lump-sum grant to all individuals (maybe all adults, maybe with adjustments for kids, but the basic idea is a lump-sum grant to all) + +* NIT is *negative income tax.* If you fall below some threshold income, you get a subsidy. The subsidy usually phases out as income rises. + +* EITC is *earned income tax credit.* A wage subsidy. + +tldr: **In terms of mathematics and economic incentives, a NIT is approximately equivalent to a UBI. By contrast, EITC is qualitatively different in terms of its effects on incentives.** + +To make the math simple we're going to work with a nice, linear tax rate. +Similar comments apply to nonlinear taxes. Just substitute "tax" with "tax schedule" everywhere. + +Warning: In economic terms, everything here is partial-partial equilibrium. I'm looking at +the effects of these policies on the household, and specifically the +budget constraint. I am not looking at four specific general equilibrium effects. First, any UBI, NIT, or EITC will shift the post-tax distribution of income, which might be important. Second, any UBI, NIT, or EITC must be paid for, so in a proper analysis you have to analyze UBI/NIT/EITC jointly with the entire tax system. Third, I'm not looking at any short-run / "demand" effects. Fourth, I'm holding labor demand fixed. None of these effects matter much for the specific issues we're going to be looking at below. + +Now we can begin! + +**UBI and NIT** + +A **UBI** is usually framed as, + +* Everyone receives $X per year after taxes. +* So, Income = (1-t)\*Pretax + UBI (eq1) + +A **NIT** is usually framed in a slightly more complicated manner. Let's do +it slowly, in three pieces. + +* Define a cutoff income. Call it a "standard deduction" if you wish. +* If you make more than the cutoff, then you deduct the cutoff from your +pretax income and pay taxes on the remainder. So Income = pretax - t\*(pretax-cutoff) +* If you make less than the cutoff, you pay no taxes, and in addition you +get some fraction of the difference back. Income = pretax + k\*(cutoff-pretax) +* If you earn exactly the cutoff, then nothing happens. You keep your pretax income. + +Okay. We can rewrite NIT income as, + +* above: income = (1-t)\*Pretax + t\*cutoff (eq2) +* below: income = (1-k)\*Pretax + k\*cutoff (eq3) + +Notice that those formulas look awfully similar to the UBI formula. +Compare (eq1) with (eq2) and (eq3). You could easily define +"UBI=k\*cutoff." And if t=k, then the NIT really truly *is* a UBI. In general, +a NIT is a UBI with additional flexibility in the low income range. + +This leads to the following proposition: + +1. *To a rough approximation, a NIT is the same thing as a UBI. However, a NIT +has some additional flexibility that a UBI lacks.* + +Remarks: + +* Holding the tax schedule fixed for the moment, +a NIT has two parameters: the cutoff and the kickback rate. +A UBI has only one parameter: the level of the UBI. +We can more easily introduce nonlinearities (k != t) in a NIT setup. +Some policymakers might want to have that +additional flexibility. + +* If we allow for a fully nonlinear tax schedule, then any NIT can be converted +into a UBI and vice-versa. The two are mathematically identical because +the nonlinear tax schedule absorbs the differences between the two policies. +(Of course, that's cheating a little. A nonlinear tax schedule +can absorb nearly any proposal in public finance.) + +* The NIT kickback acts as an implicit tax. A higher kickback rate will reduce +the incentive to work. If the kickback rate is 100%, then everyone below +the cutoff is brought up exactly to the cutoff: you have a classic welfare trap. +By contrast, the lower the kickback rate, the less generous is the welfare +system. You have to optimize on that tradeoff. + +* UBI by itself doesn't discourage work, because it doesn't affect the +implied tax rate, but be careful: that intuition might disappear in general equilibrium, where the level of the UBI partially determines the tax rate. + +* Either you give Bill Gates his UBI, or you let him take a standard +deduction, which reduces his tax bill by the amount of the UBI. The two are economically identical. If one of those is +palatable to your political tastes but the other is abhorrent, +then go ahead support one policy over the other. Just make sure you see +your psychiatrist about your cognitive dissonance. + +* If you don't let Bill Gates take a standard deduction, then you either +introduce sharp discontinuities in the tax function or you add additional +(smooth) implicit taxes in some income range. This is identical to the +classic analysis of benefit phaseouts. + +* Again, to emphasize, you can perform the same analysis with a fully nonlinear, progressive income tax. Even when you do that, NIT and UBI will turn out to be similar structurally. + +Bottom line: These are nearly identical policies, and you should not support +one at the expense of the other at this stage. Sure, if at some point in the +future we're debating real legislation, then we can look at the fine nitty-gritty +details of NIT vs UBI and how they interact with the rest of the tax code. +But at this stage, if you support one, you should also support the other. + +**EITC** + +EITC is a wage subsidy. So if WL is wage income, then EITC looks like + +* income = (1-t+EITC)\*WL + +for sufficiently small WH, and there's an implicit phaseout as income rises. + +You could combine it with a UBI if you like: + +* income = (1-t+EITC)\*WL + UBI + +Notice that EITC modifies the tax wedge, while UBI is only a wealth effect, at +least in partial equilibrium. + +Combining NIT and EITC would appear to have weird incentive effects. +Focus on incomes below the cutoff: + +* income = (1-k+EITC)\*WL + k\*cutoff + +and you have to be careful because the kickback rate and the EITC +end up working in opposing directions. A NIT with large kickback +discourages work by increasing the implied tax rate; an EITC encourages +work by reducing the implied tax rate. Maybe there's a way to neutralize +the disincentives of the kickback by modifying the EITC, but that's a little +too close to "fine-tuning" for my taste. And you still have to worry +about general equilibrium undoing all of your plans. + +Another feature to highlight is that, as usually proposed, both UBI and NIT +are operative when you earn zero income; an EITC requires you to work +to receive any benefit, so has a discontinuity at income=0. + +I hope this was helpful. + +So, from the latest Franklin update mail: + +"With this announcement, the schemes will be able to actively monetize assets through various modes including prepayments and secondary market sales. This should help accelerate the monetization process earlier than the dates mentioned in the maturity profile document. We look forward to providing all assistance and cooperation to SBI to monetize the assets." + +They seems to be making clear that it is SBI, not them, who are doing this. So, does that mean Franklin has no decision making power anymore?! + +In any case, I guess we are looking at losses. +Serious question, I've always wondered why should the stock market ever be closed? I'm arguing for convenience. I would like to be able to enter positions on the NYSE on a Saturday night when I'm spending time doing research. It kind of sucks that you have to wait for Monday. In general, wouldn't it be better for the economy if we kept things open, and provide more money making opportunities? I don't mean we need someone at ground floor of the NYSE 24/7, but rather to just allow things to operate operate 24/7 rather than having the markets close. +I just noticed the forum sliding getting thicker and thicker and wanted to remind everyone that Point72 and Steve Cohen didn't get their fair share of attention. + +I know people in the background are working on fresh DD, but I will in the meantime pledge to downvote any low effort Kenny face memes and upvote ANYTHING that mentions point72 or Steve Cohen. Even low effort Cohen face Memes, this is placeholder text to automod doesn't nuke me. + +EDIT: a lot of "what about this guy?!" comments, This is specifically for Steve Cohen. Steve Cohen is the person Im interested in. His name is Stevie Cohen. Thats + +S. T. E. V. E. C. O. H.E.N +Hey everyone, hope y'all are doing good! It's been a little more than a year that I've been holding a penny stock cryptocurrency blockchain company on TSX.V. Initial investment was around 60K$ and today it is worth over 800k$ with about 1400% gain. I haven't touched it since the day I bought it a year ago. Today is a big red day, the stock was -25% at some point this morning. Let's say I sold my entire position yesterday, buy back today when the shares were down by 25% and hold it for 1 month, 3 months, 6 months or 12 months and repeat the whole process, will the CRA tax me? This of course will make my TFSA grow a lot. I do not have any qualifications in finance. I only have a high school diploma and 3.5 years of experience being in the stock market. The first 2.5 years I was a lot more active in trading but i had lost over 60% of my capital. I'm 22 years old :$ + +TL;DR: +I've been holding a stock for a year with 1400% gain, 60K$ to 800k$. Today is a big red day, shares were down by 25%. If i sold my entire position yesterday and bought back the shares today being -25% and hold for 1 month, 3 months, 6 months or 12 months and repeat the whole process with the same stock, will CRA tax me? + +EDIT: I'm not worried about my 1400% gain made from a year holding, i'd like to know if selling and rebuying the same stock once a month or every 2 to 6 months to accumulate more shares would be taxed. + +CONCLUSION: To avoid any risk being taxed and classified as a trader/business, i will just keep on holding onto my shares bought a year ago, I haven't done any transaction since. + +Thank you everyone for your feedback, money sure does attract a lot of attention! My advice to you all: buy Bitcoin and/or HIVE Blockchain stock if you want to retire within 5-10 years! ;) Hold, do not sell or trade! Volatility is inevitable, don't panic sell. Think of the bigger picture! Control your emotions, do not let greed or fear take over. Now is a good time to get in after a correction. It will go higher! Good luck! +I’m pretty new to thetagang still and because I wanted to protect myself from too many unknowns, I’ve only ever been selling weeklies far OTM for anywhere between 5-10 dollars here and there. For fun, I looked at what happens when I zoom out half a year on these options… + +My jaw dropped from seeing how juicy the premiums were on selling long dated puts on AAPL. + +For example, let’s take January 20, 2023, 140 dollar strike + +I’m using IBKR and it shows that I would lock up roughly 2400 dollars of margin. + +In return, I get a whopping 4.70 premium as of this time. Nearly 500 dollars to make a bet that AAPL will close above 140 by January? I’d say that’s a very good bet. + +And if I do lose this bet and get assigned, I can also begin selling covered calls? Assuming AAPL doesn’t just continue to drop this seems like an incredibly good idea… + +Isn’t this too good to be true? Or am I missing something big here? +May be a dumb question as I'm very new to a lot of this stuff, but lately I have been concerned about the thought of buying my first home. Do you guys think the 15-20% minimum deposit will be the norm for the next year or 2 or is it really just due to the uncertainty at the minute and should slowly start to come back to "normal"? I've been saving pretty much flat out for the last 2.5 years hoping I'd have enough for a good deposit and a nest egg to fall back on so seeing this happen has been really disheartening. + +For reference I'm 25yo, salary is 25k with ~£27k in savings. Even worse is I've not long spent £12k on a car and I'm starting to wonder if I may end up regretting that decision further on if I end up needing that extra cash. + +Am I overthinking all of this or is this a real cause for concern? + +EDIT: Thanks everyone for all the helpful responses and advice! +As the title states; + +My girlfriend was diagnosed with Leukemia last year and went through Chemotherapy at a number of large medical facilities. + +A year later, she's in full remission, which is wonderful and the best news possible. + +... BUT... + +She now owes money to a variety of Medical institutions including three area hospitals, a few doctors offices, medical testing labs, you name it, she has an account there. + + +She is currently unemployed (Because of the intensive treatment), and unable to work for at least the next year. + + +What compounds and complicates her situation further is that she is young and unskilled with no current future career path. This meaning that her chances of being able to even make payments at all are pretty slim to none. + + +What are her options? + + +Would filing for Bankruptcy be a fitting option at her age (early 20s)? + + +IF so, what does that process entail? +She does not own any property or anything of great value. +If you are seeing all of the news and posts all over Reddit about GameStop (GME) and WallStreetBets, but don’t really understand it, I’ve done a bonus episode of The UK Money Podcast. + +I break it down and explain the issue as simply as I can. + +THIS IS NOT A RECOMMENDATION TO BUY ANYTHING. Day trading is really risky and the likelihood is you’ll lose money even with normal shares, let alone when there is crazy volatility the likes of which we’ve never seen! + +[Apple Podcasts](https://podcasts.apple.com/gb/podcast/the-uk-money-podcast/id1540841651#episodeGuid=Buzzsprout-7553593) + +[Spotify](https://open.spotify.com/episode/03ZaZVtadKvQScvz5pKWXd?si=q36sCtlISGKJSSDMU2ptOw) + +[Google Podcasts](https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDkxMjk1LnJzcw/episode/QnV6enNwcm91dC03NTUzNTkz?sa=X&ved=0CAUQkfYCahcKEwjA986nj8HuAhUAAAAAHQAAAAAQBw) +Is anyone else getting a little fed up of the repetition of poor quality posts now littering this sub? They all revolve around the same basic questions: + +“I’ve been toying with investing for months now and have learnt loads and have narrowed it down to life strategy 80 and life strategy 100. Which one is better and should I invest in both? And which broker is best. And do these both benefit from compounding as I’ve learnt that’s great and I’m young and a long term investor so want to make the most of that. Or should I just open two ISAs with two brokers and deposit half of my capital into each, with 50% in LF80 and 50% in LF100 to increase diversification? This will also help with fcsc protection too right?” + +The exact some shite is spouted off in UKPF too. Am I just being grumpy or did this sub have more engaging discussions about stock picks and research only 6 months ago? Can we try and bring some of that back? +After seeing various posts and theories in this sub about GameStop's stock split / stock dividend, I started putting together the puzzle pieces of the past months and years, and well.... **I see a plan and I see MOASS in 2022!** + +*I took most of the content from other posts from this sub. So this post is the work of many and not just my own. I just gathered the information and put the puzzle pieces together. So your research and opinion may be part of this post (you can comment or write a DM if i missed something and I will give you credits). The croudsourcing on this sub is remarkable, not for nothing were we praised by Jon Stewart for this property.* + + Also, this post was first created in German and only quickly thrown into the translator, I hope the grammar does not suffer from it. + +# - GameStock stock split / stock dividend - + +[u\/cr420r](https://preview.redd.it/468na5tr6er81.png?width=529&format=png&auto=webp&s=55acc365ee06b9e6822e0ec94cbe772a57f1c35b) + +[https://news.gamestop.com/node/19686/html](https://news.gamestop.com/node/19686/html) (8k announcement) + +[*Here*](https://myaccountinghelp.org/stock-dividend-vs-stock-split/) *you can read again the difference between a "normal" stock split and a stock dividend like GameStop is issuing.* + +GameStop announced a stock split on 3/31, but it still has to be approved by shareholders at the annual meeting this summer. The number of shares GameStop could issue was previously 300 million meaning there was a cap on the total number of shares that will be increased from 300 million to 1 billion. GameStop had the option to issue 300 million shares at the time, but chose to issue only 76 million. (Of course, there are now far more shares in circulation due to naked shorting). + +The special thing about this, however, is that GameStop is issuing the new shares as a dividend, which is a kind of "reward" for the investors. Shortsellers or institutions that have lent their shares are not entitled to the dividend (lenders will take back their shares to be entitled to the dividend). You then get, for example, 7 new GameStop shares for every existing GameStop share you own in a 7 - 1 split. + +This also brings me directly to the next topic.... + +# - Tesla - + +Namely, Tesla - which was also plagued by short-selling at the time - did a similar stock split in 2020, they announced it in March and in August it was done after **shareholders voted "yes" at the annual meeting.** + +At the end of March 2020, Tesla was trading at about $100. When the vote was held 5 months later, the price was $290. Some short positions were probably closed because they feared the vote would be positive (speculation at the point). Then the vote took place and was approved. + +Shareholders had to own Tesla by August 21 to receive the dividend, and the share price reached $410. 10 days later, when the stock dividend was actually paid, the stock was trading at $442. + +**I think you know what I'm trying to say, don't you ? And remember the official short interest in Tesla at that time was only \~20% and not up to 226%.** + +[Yes, that is interesting!](https://preview.redd.it/eq0uabm8ebr81.png?width=697&format=png&auto=webp&s=79b306a9d9bc89f7c2e79dc15c2a9b79e48a27a5) + +But for the first time, let's rewind a bit to 2018, when Tesla was the most shorted stock on the market. ([Tesla Naked Shorting blog post](https://teslamotorsclub.com/tmc/threads/the-rolling-naked-tesla-short.15417/) from 2013 - see the similarities?). + +Namely, no less than Bryron from Loopring suggested 4 years ago on Elon's shortseller thread to do an Initial Coin Offering (ICO) to force Tesla shorts to close and the coins could then be used for e.g. Internet of Things (IOT) payments in the Tesla ecosystem. **Simulation confirmed.** (The point will be revisited later). + +Additionally, Ryan followed Elon on Twitter for a while before eventually just following GameStop. I imagine the conversation has continued over the last 4 years about this. Elon still hates shortsellers and so does Ryan! + +[Elon's OG Twitter Thread on Shortsellers](https://preview.redd.it/w8lnybyjebr81.png?width=594&format=png&auto=webp&s=54aff42e4e849997433b637a638919292755212e) + +[Answer Tweet von Byron Loopring](https://preview.redd.it/2sj96m8mebr81.png?width=590&format=png&auto=webp&s=89ca325434c30a989b957f07651c9b209a5b3368) + +Guess who was Head of Business at Loopring at the time? + +[Matt Finestone](https://www.linkedin.com/in/matthew-finestone-7bb8ba51/?trk=public_profile_browsemap&originalSubdomain=ca), the current head of the blockchain department at GameStop. + +[unforgettable support from Elon at the January sneeze](https://preview.redd.it/ulqa6bmsebr81.png?width=587&format=png&auto=webp&s=3f91c1acb5d9af46fbfab8ea33e4de7f3eb2e502) + +However, there is still a comparison to GameStop's announced stock dividend that needs to be looked at.... + +# - Overstock - + +Overstock and its founder Patrick Byrne were also victims of naked shorting. For example, [Byrne warned of the potential consequences of the scheme back in 2006](https://www.youtube.com/watch?v=nLnw2_q5iMk&ab_channel=whereAreTheShares). He also tried to get the attention on the problem and therefore he participated in many interviews and made videos around naked shorting: + +* [What is naked shorting? "The power of a theory is its ability to predict."](https://www.youtube.com/watch?v=BdBe5_8z53A&ab_channel=BigThink) +* [Video of Byrne discussing illegal naked shorts, criminal activity by Citadel, Amazon breaking up small businesses, and the ignorance of the SEC](https://www.youtube.com/watch?v=3XQXPiYDkcI&feature=youtu.be&ab_channel=ShortsDidNotClose) +* ["There is in place a system, an Al-Qaeda so to speak, a loosely organized group of people who are destroying small companies and looting the savings of America" ](https://www.reddit.com/r/Superstonk/comments/rypsfh/there_is_in_place_a_system_an_alqaeda_so_to_speak/) +* [Patrick Byrne calls Steve Cohen (Point72) the "Sith Lord" of short sellers](https://www.businessinsider.com/overstock-ceo-patrick-byrne-names-steve-cohen-and-mike-milken-as-sith-lords-2010-1) +* ["If you haven't DRS'd your shares, you do not own them"](https://www.reddit.com/r/Superstonk/comments/s1qrpm/overstock_ceo_if_you_havent_drsd_your_shares_you/) + +His battle against short sellers and the ["cellar boxing" plan of MMs and SHFs](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) led Bryne pretty unsuccessfully for years, however he announced a digital dividend with Overstock to force the closing of short positions. + +[(Here's a great DD on that i used in this text from u/Minuteman\_Capital](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/)[)](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/) + +**What happened with Overstock?** + +Overstock issued digital shares. Because they are tied to a blockchain, they are unique and have intrinsic value that has no cash equivalent. DTCC wanted to get around this and told the brokers that a payment in lieu of a dividend was in order, and DTCC set the value. This was stopped by Overstock in court because DTCC was trying to be shady. That's why it looks like there were two squeezes at Overstock. The first one was stopped when DTCC said that payments in lieu of dividends were okay, and some brokers wanted to implement it that way first. + +[Overstock from the announcement of the digital dividend to the effective squeeze](https://preview.redd.it/lydm226mfbr81.png?width=1302&format=png&auto=webp&s=9784948175dbac15f4fde09c40c6844d6acfcd11) + +The hedgies were fucked and after an initial "fake squeeze" the real overstock squeeze increased by 17x, although the official short interest was much lower than GME today. The second squeeze occurred over the course of 4 months after the digital dividend was issued. + +**The details of the court case almost certainly set a legal precedent for GME to do the same.** *(For more information on the court process, see this great DD by* u/Region-Formal *explaining the details in easy to understand terms)* + +* [*https://www.reddit.com/r/Superstonk/comments/ptvq89/the\_overstock\_court\_ruling\_in\_utah\_yesterday/*](https://www.reddit.com/r/Superstonk/comments/ptvq89/the_overstock_court_ruling_in_utah_yesterday/) + +So Ryan Cohen bought into GameStop shortly after Overstock introduced the concept of ending naked shorting. + +* RC saw that a digital dividend had legal precedent +* RC saw that while the shorts were busted, the problem of naked shorts and fake stock was not fixed and the market was still a sham + +**So he's been tweaking a solution for almost 2-years....** + +Really every company realizes what eliminating fake shares from their inventory does. Naked shorting robs company investors of money in exchange for something that doesn't exist, and the company itself misses out on revenue for those shorted shares. So the company loses operating revenue and in most cases the company is driven out of business. + +# And that's how GameStop begins its journey to become a technology company and fuck the shorts in the process + +*(Credits to* u/antidecaf *for* [this Information](https://www.reddit.com/r/Superstonk/comments/tuj9j6/rc_fired_the_nuclear_warhead_and_no_one_is/)*)* + +I'm pretty sure Ryan Cohen is following suit, so GameStop will soon announce that the stock they issue via dividend will be delivered in the form of tokenized securities to the new GameStop wallet on the NFT marketplace. Given what they know, it would be irresponsible for GameStop's board to put new shares into DTCC's hands. + +* **The existing shares** (76 million) would remain where they currently are and can continue to be traded through a broker on the public exchanges +* **The new shares** that are issued can then be traded on GameStop's own marketplace via blockchain + +**So no broker can't pay out cash in lieu of a tokenized security. Shorts can't offer fake shares and then just resell them endlessly.** + +If you have your Stonks DRS and they are in your name, then you can easily get your tokenized shares from Computershare. + +If your shares are not in Computershare, then you may find that your broker is unlikely to deliver, as there are not enough tokenized shares to deliver every shareholder their entitlement. + +It is maybe not enough for a proof of Naked Shorting, but there are currently 76 million shares outstanding and about 14 million short sales reported on the stock exchange, these 14 million (not naked) short sales would be enough for Moass. Uncovered short sales, of which I think we have a lot, could perhaps not be proven, but would still have to be covered, currently they are uncovered and hidden from the stock exchanges. + +Shorts would have only two options left in this case: + +* They buy back all the fake shares from the brokers to fulfill their obligation to provide tokenized shares +* They try to buy tokenized shares for the short positions on their books. In both cases, it is a **forced purchase of GME** and a **trigger for MOASS** as it triggers an avalanche of short covering. Maintaining the short positions also costs the shorts a chunk of money.... + +The real problem for shorts would be now that there will not be tokenized shares to buy because all shareholders are entitled the divident, if a short cant deliver they must close, so at divident pay day, MOASS should already happened and the tokenized shares have served their purpose for starting the Rocket, their value will be what the market sets on them. + +All shares are real, they sold us fake ones, buy is buying them makes them real, the shorter is required to return the share if it cant deliver a divident, and a return of a share is identical to buying any share for sale. + +Say post moass, lets say 50% of retail held shares are at Computershare/ GameStop Wallet and 50% of retail held shares at at brokers, all are real. + +(*Excerpt from a* [*good and detailed explanatory DD*](https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/)*, about the coming horrors that await the shorts. Credits to* u/raddoc22) + +Let's assume a SHF has a short position of 5 million GameStop shares (we know the number is much larger - the official short interest alone is 15 million shares, according to Ortex) + +**If you are short a stock, you are not entitled to a stock dividend, you actually have to pay for the dividend.** + +>If an investor is short a stock on the record date, he or she is not entitled to the dividend. Instead, the investor is responsible for paying the dividend, which he owes to the lender of the stock he is short and has borrowed. - Investopedia + +After a lets say 5 to 1 dividend, SHF is still short 5 million GME. But now they also have to deliver an additional 25 million shares, bringing the liability to 30 million shares. + +**Time for some smooth math:** + +A SHF has sold 5 million shares of GameStop at the market price of $165. If they had to close that position now at that price before the dividend, that's a cool $825 million they'd have to raise. But let's assume SHF can't or won't close the position before the dividend. So he's left with 5 million shares in the red after a 5-to-1 dividend. Now the SHF has a commitment of 30 million shares of which 25 million must be bought and delivered. + +The SHF could keep their short position of 5 million shares open, so by potentially having to buy 25 million shares (5 to 1 of their original position) at a price somewhere between $90.80 and $245.... + +90.80 x 25,000,000 = $2.27 billion + +245 x 25,000,000 = $6.125 billion. + +Ouch. Remember, this is just to keep their 5 million short positions open. If they want to close out their positions completely, they have to add the cost of another 5 million shares: + +Best case: $2.27 billion + (5,000,000 x 90.80)= $2.681 billion + +Worst case: $6.125 billion + (5,000,000 x 245) = $7.35 billion + +**Good thing the shorts were all closed in January 2021, right?** + +[german version of \\"i doubt it\\"](https://preview.redd.it/31xs55pfgbr81.png?width=392&format=png&auto=webp&s=40c2dd1e1677f4080b448377e3e2e187297ded68) + +That's exactly how Overstock did it, and they set an important precedent in lawsuits that they won. GameStop also has a clause that says they have to approve any payment in lieu of a dividend, and DTCC can't act on its own in this matter. + +The problem for the shorts will be that simply buying back the shares will not be enough if shorts do not have the shares available. + +Everyone who owns a share on the record date is entitled to a dividend. So to "fulfill the obligation" they would have to buy back the shares **BEFORE** the record date. Now if I'm interpreting this correctly, that means MOASS start **AND** ends before we receive our new shares. **So we finally have a plausible time frame for MOASS. Hedgies are fuck!** + +# But why do I believe GameStop is really issuing token shares ? + +*(Following Information is from this great* [*GME Exchange DD*](https://www.reddit.com/r/Superstonk/comments/tsd61i/gme_exchange_change_the_game_an_all_encompassing/) *by* u/bosshax) + +Because of this guy GameStop hired in Dec 2021: [**Kurt FUCKING Bierbower**](https://www.linkedin.com/in/kurtb1200/) 🍻 MORE BIERPOWER!!! 🍻 + +https://preview.redd.it/9p770ar4hbr81.png?width=736&format=png&auto=webp&s=596cfdccb533a33daa3a5885922658a1702903f8 + +Kurt is an **all-star blockchain executive** and the **head of GME Entertainment LLC**, the stealth Web3 startup created inside GameStop, which will likely see another spinoff in the future as Ryan Cohen likes spinoffs, see his letter to the BBBY board ( u/knutolee [spinoff theory](https://www.reddit.com/r/Superstonk/comments/tgw6qf/screening_the_ryan_cohen_playbook_the_systematic/) \- here we go again). Remember this is a long term play and nothing will happen overnight, the company still needs to grow and generate revenue from the Web3 division to make this process. + +Back to Kurt, who closed the deal between GameStop and IMX on behalf of GME Entertainment LLC. + +As already stated Kurt is a blockchain superstar - but he brings a very unique set of skills. **He brings something to GameStop that no one else has, or hasn't yet :-)** + +Kurt has experience with US regulated cryptocurrency and blockchain technology. He has also been heavily involved in deals with the largest FX brokers in the world, the largest cryptocurrency exchange in Japan, bitcoin mining, gaming platforms, NFT platforms, and stablecoins. + +He also comes from the institutional world (Big Money) and created a regulated dark pool cryptocurrency exchange. + +[There is a theory](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) that GameStop is working on building an **Alternate Trading System (ATS) exchange** based on ComputerShare with the GameStop wallet on the Loopring protocol. + +**So Kurt Bierbower is the head of GME Entertainment LLC, an all-star of blockchain banking, and the visionary who will make GameStop and our theories mainstream.** + +Imagine if your GameStop wallet held **your OWN digital assets**, including cash, NFTs, cryptos, and stocks. You could lend your assets and get paid interest. Brokers and banks make fat profits lending out your stocks and cash... in part... without your knowledge. Very soon you can do it yourself. **BE YOUR OWN BANK!** + +[Dreams become reality](https://preview.redd.it/9uz98ffohbr81.png?width=591&format=png&auto=webp&s=cb737ba6b3ed456d2f8fbd05564475c9073c76ff) + +An acquisition of Loopring is also still up in the air according to the rumor mill, and it's not through yet. Most won't see the great technology behind it until later, though Loopring has been pretty transparent all along about what they can do with their protocol. **A decentralized Binance and Robinhood.** + +# PG-13, do you OGs remember that? + +Back to the stock split and the issuance of the new shares. + +**It can't be said enough: best to DRS if you want the most coveted digital property in history delivered guaranteed.** + +The record date for this will be announced after the AGM vote in the summer, along with the exact split ratio. It's the date by which you have to have bought your shares to be eligible for the dividend. + +The lenders of shares (brokers) will recall their borrowed shares for the dividend and vote (for reasons). If there are shorts left before the dividend and it is a **7-4-1** split, my fingers are really tingling. **The OG DDs are coming true!** + +[cryptic split leak from July 2021](https://preview.redd.it/nsb9o8qxhbr81.png?width=588&format=png&auto=webp&s=e8caff4aa2db8660671230338702790ab3230053) + +[9-month old DD via stock split - credits to u\/BurnieSlander \(give this king a flair!\)](https://preview.redd.it/i7dk7tnzhbr81.png?width=734&format=png&auto=webp&s=e064a9130074e85050c3f8bb295a6d7daa400f55) + +Link to the OG PG-13 DD: [https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/) + +[We couldn't have a cooler chair man🪑! Love you Ryan!](https://preview.redd.it/133iwos7ibr81.png?width=797&format=png&auto=webp&s=64b5afb7a6337a8009c823064d18c79f165ceebb) + +I guess Ryan Cohen wouldn't be saying **"Buckle up!"** and the GameStop Twitter account wouldn't be tweeting **"oops \*moass\* my bad"** if they weren't really planning on helping us autistic people get to the moon.... + +[was deleted again shortly after publication](https://preview.redd.it/df2rghfoibr81.png?width=310&format=png&auto=webp&s=5fe1a70d23e42592bff17872b06e295933c955ba) + +We've all been following RC's tweets since January 2021. These are by far the most direct messages to us. After all, there has been a lot written about the art of war, and I won't pretend to have read it, but I know that one of the rules is **"attack your enemies only when victory is certain."** Most of what Ryan has said about shorts in the past was simply an emoji with a pair of shorts. Now, not only has he put it into words, but he's compared shorts to the Stormtroopers from Star Wars. But even better than that is that he called them the **DUMB Stormtroopers**. + +Ryan has the path of victory in mind and there is no stopping him. Otherwise, he wouldn't have challenged his enemies so blatantly. We will win this fight! It is a pleasure to board this rocket ship with you. See you soon on the moon🌙 🚀 👨🚀 + +(great theory on RC's acting and a comparison to Sun Tzu's tactical dispositions in The Art of War) + +* [https://www.reddit.com/r/Superstonk/comments/tb09z3/theory\_on\_why\_rc\_is\_acting\_and\_communicating\_more/](https://www.reddit.com/r/Superstonk/comments/tb09z3/theory_on_why_rc_is_acting_and_communicating_more/) + +[I love this picture!](https://preview.redd.it/r8unatgjibr81.png?width=519&format=png&auto=webp&s=53ab9ab2053f804b5651e394161e01e0d9811d21) + +I have also seen how some have wondered why Ryan Cohen didn't just partner with Overstock/ TZero to issue tokenized securities, since they specialize in them. + +However, the answer is now very obvious. TZero has just hired a new CEO. The man was a top executive at the NYSE and a board member of DTCC. TZero is centralized. Basically, the wolves are taking over the hen house. + +**Ryan Cohen and Loopring, as we know, are designed to be completely decentralized.** + +**Ryan knows the way, and this is the way.** + +# Well it's probably pretty crappy to be short at GME "trading is a tough game don't ya think?" + +[Founder of Point72 - Short in GME - after turning off the buy button at the January sneeze](https://preview.redd.it/f4vglba3jbr81.png?width=595&format=png&auto=webp&s=77fab951b1cb9e764ac10258dd568bcf3de7d520) + +I'm sure you all remember that video of Ken Griffin from 2008 talking about surviving another day, right? + +When RC basically told the Dump Stormtroopers with the stock dividend announcement, MOASS is coming this year whether you like it or not. + +**If you are in Kenny's or Steve\`s position, you have two choices now:** + +* Do I lose infinite money after the announcement for my infinite risk what I took by closing the short positions +* Do I lose infinite money later when I am forced to close my short position + +If your goal was to "fight to survive another day", would you give up right away, or would you do a bunch of shady things to push the price below the pain threshold so people don't have to buy in just yet? + +**Just remember that they want you to be frustrated, so they make decisions based on emotion, not logic.** + +**But With every trade there is a winner and a loser.... Thousands of 🦍 are about to become winners. LFG! WAGMI 🚀🚀🚀🚀** + +# Name a worse time to be a dumb Stormtrooper, I'll wait... + +https://preview.redd.it/d7tni0lkjbr81.png?width=702&format=png&auto=webp&s=fb1816e6feef0f57425032e616b89462781ed613 +Amazon said it's funding homebuilding start-up Plant Prefab, marking its first investment in the space. + +Plant Prefab builds prefabricated, custom single- and multifamily homes. + +The investment follows Amazon's launch of more than a dozen new smart home devices powered by Alexa. + +https://www.cnbc.com/2018/09/25/amazon-makes-its-first-investment-into-a-homebuilder.html +Apologize for the throwaway account, it really makes me uncomfortable discussing personal finance on the internet using my main account. + +**Situation:** +\- Italian, 23 years old, living in Middle East +\- Net salary: \~120k€ / year (70% saving rate) +\- Side hustle: \~8k€ / month in crypto (100% saving rate) +\- Debt-free + +**Assets:** +\- 250k€ in saving account (\~3% interests / year) +\- 300k€ in crypto (lost at least 100k€ to last few days volatility) +\- 60k€ cash + +**Problem:** +I don't know much about finance, by sheer luck I found myself making a ton of money and I'm looking forward building a strategy that will allow me to retire in the next 5-10 years: my idea of "retirement" is to buy beachfront land/house in a place with great weather, start building a family and keep living off passive income (or at least not having to be a wage slave for the rest of my existence). + +My current full-time job is extremely stressful and competitive, I'm absolutely burned out and am planning to move back to Europe and find a remote job there; as I will be able to settle down and relax for a while, I'm also thinking of starting moving some of my money into stocks/ETFs and hopefully make them work for me: I'd probably be okay with investing 200k€ and keep adding around 1/2k€ a month. +Considering I also own crypto (that I don't plan to touch for the next 4 years at least, at which point I guess I'll have to find a place where I'll be able to cash it out without getting destroyed by capital gain taxes) my strategy would need to rely on medium/low risk ETFs. + +I am also evaluating possibility to invest into real estate, but to be honest I'm not sure that's a good idea at all for me: my problem is mostly that I have absolutely no idea where I plan to live yet (if in Italy, if in Spain, if in Germany...), so investing in foreign properties while not even living in the country would probably end in being a PITA. + +Worth to mention that my lifestyle is very simple, so I expect to be able to save at least 60 to 70% of my income for the foreseeable future. + +Not sure there's any other useful information I can provide, but feel free to ask in case. +Appreciate any constructive feedback and/or suggestions, thank you. + +Ciao! +https://www.cnbc.com/2020/10/27/microsoft-msft-earnings-q1-2021.html + +Here’s how the company did: + +Earnings: $1.82 per share, adjusted, vs. $1.54 per share as expected by analysts, according to Refinitiv. + +Revenue: $37.15 billion, vs. $35.72 billion as expected by analysts, according to Refinitiv. + +Microsoft revenue grew 12% on an annualized basis, down from 13% growth in the prior quarter, according to a statement. + +Revenue for commercial PCs cratered 22% months after support for Windows 7 ended and the coronavirus pandemic took hold; the category had surged last year, making outperformance this year more difficult. + +But one of the fastest-growing parts of Microsoft, the Azure public cloud for hosting applications and websites, grew 48%, accelerating from 47% in the prior quarter. Microsoft doesn’t disclose revenue from Azure in dollars. Analysts had expected around 44% growth. +I made a throwaway account because I don't want to post this with my main account. + +About me: Im mid 20s, NW around 2 million euro's. + +I always prioritised money over dating and for this reason haven't had my first relationship until 22 years old. Since then I have dated 4 different woman and every single time they lose interest. I'm not going to go into full detail because this isn't some relationship advice subreddit, but it's 100% my fault. I am just way too serious, not funny and awkward. + +I am starting to think that it's only realistic to eventually settle with a golddigger instead of repeating the same cycle over again. Have any of you had a happy ending dating a golddigger or ended up marrying her/him? + +Curious to hear your stories, cheers! +For example I currently stream data from Yahoo Finance as inputs for my models. + +**But there are some types of data that I need, but can't get from Yahoo finance. This incudes:** + +* [NYSE High-Low Index](https://www.tradingview.com/symbols/INDEX-HIGN/) ([Definition](https://www.investopedia.com/terms/h/high-low-index.asp)) +* [CBOE Put-Call Ratio](https://ycharts.com/indicators/cboe_equity_put_call_ratio) ([Definition](https://en.wikipedia.org/wiki/Put/call_ratio)) +* [NYSE Tick Index](https://au.investing.com/indices/nyse-tick-index) ([Definition](https://www.warriortrading.com/tick-index-definition-day-trading-terminology/)) + +&#x200B; + +Are there sources for this data that can be streamed through API? Are there a list of other API's which have other "alternative" market data available? +The amount of fud toward ethereum has been incredible over the past 12-16 months. Yet for some reason dispite all the ridicute, insults, etc etc Vitalik has proven over and over he is determind to move forward as a person and as a leader. Cheers to Vitalik and cheers to his supporters. Cheers to ethereum and cheers to the community that can see the 'bigger picture'. Congrats on all you have accomplished Vitalk and thank you for being an inspiration to many. + +Eth 2.0 yo! +Just as the title says. My knowledge of ETF and dividends is very limited, just getting into this. Since I have 150k cash handy, I would appreciate recommendations as to where invest this. Thanks. + +Forgot to add this in but I'm 26 for those who are asking. Goal is to set it up a 2nd income eventually leading the road to an early retirement. Current plan is to add 2k every month into the portfolio but potentially more in the future. +Hello, + +As we can read daily metals are soaring in China, US… the big guns. There are steel shortages in Western Europe also. + +I live in middle-EU currently since I moved back and finished my Vienna degree from here due to COVID, waiting to go back. + +In Hungary, we are corrupt, but our debt os 66-70% to gdp, not terrible, government did not pay covid relief, just some to their friends. + +Our central bank has started raising rates from 0.6% this month (we can we have no debt like the US which can only go brrr). + +People here, due to socialism until 1989 know nothing about economics, or even English. + +Professionals, builders, pipe repair folks literally anyone who needs anything for houses, building or fixing is crying! “A meter long copper bar is 4k huf!”, its like 13euros, 15 bucks, which is very high for local copper bars. Everything in local Home Depot stores are crazy, according to people who go there regularly (got family friends giving the info). + +I can say, USD inflation and supply bottleneck caused prices will not stop at the boarders, at the currency. It is everywhere. +Hi all :) + +I wrote an article after reading *What Works On Wall Street* by Jim O'Shaughnessy. It covers: + +\- The extent to which 'the market' has outperformed active managers over 1, 3, 5, 10, and 20-year periods in the U.S. and Europe + +\- The best valuation ratios, according to their historical returns spanning more than 46 years (i.e., what you should *definitely* include in your stock screener + +\- The Trending Value strategy, which produced the best risk-adjusted returns out of dozens tested by O'Shaughnessy + +[https://lucid-finance.com/2021/08/24/what-works-on-wall-street-how-simple-quantitative-strategies-outperform/](https://lucid-finance.com/2021/08/24/what-works-on-wall-street-how-simple-quantitative-strategies-outperform/) + +UPDATE: I am developing a Trending Value screener service and would love to see who's interested. I would be posting the results on a weekly basis, every Sunday, for the 25 and 50-stock portfolios. + +I hope it is useful for you! +Hikers! +Behold, behold, we have some amazing news to share with you all! +**$KILIMANJARO JUST GOT LISTED ON** [**BILAXY**](https://bilaxy.com/)**!** +Please allow me to explain why that is HUGE: +\-$KILI is the **first bsc lottery token EVER\*** to list on an CEX! +\-Bilaxy is an exchange focused on the Asian market. This opens $KILI up to lots of possible new investors! +\-This is the first big step $KILI takes in order to achieve the end goal: $KILI Gambling platform! +Check the trading pair [here](https://bilaxy.com/trade/KILI_BNB)! (KILI/BNB) +Also, check the **announcement from the Devs** [here](https://twitter.com/kilimanjarodefi/status/1392470972129755136), and make sure you have a chance to win those 100 $KILI (\~200 USD as we speak)! +**Links :** + +Website: https://kilimanjaro.finance + + +Chart:[https://dex.guru/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8-bsc](https://dex.guru/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8-bsc) + + +BscScan:[https://bscscan.com/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8](https://bscscan.com/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + + +CoinMarketCap: [https://coinmarketcap.com/currencies/kilimanjaro/](https://coinmarketcap.com/currencies/kilimanjaro/) + + +CoinGecko: [https://www.coingecko.com/en/coins/kilimanjaro](https://www.coingecko.com/en/coins/kilimanjaro) +**Where to buy?** +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +Or if you don’t wanna buy with the hassle of PCS nowadays, you can use Bogged Swap: +[https://bogged.finance/swap?token=0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8](https://bogged.finance/swap?token=0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8) + +\*Bilaxy holders will not be eligible for the lottery, since the tx are in the cold wallet of Bilaxy. To be eligible for the lottery you will need to withdraw to your own wallet. +Or, what goods don't ever get worse? As in, the first Coke is awesome, the second is good, the third is alright, etc... + +Transportation doesn't work, drugs don't really work, and I'm stumped. Can anyone help? + +EDIT: Cash isn't the right answer. The first dollar you get is worth a lot more to you than the millionth one. While they may be worth the same empirically, their worth to you declines. +With health care systems under intense scrutiny during the pandemic, Vancouver’s Well Health Technologies Corp. has seen massive growth as it invests in digital tools to make care more efficient for clinicians and patients alike. + +Well’s share price has risen nearly 350 per cent this year, to $6.98 on the Toronto Stock Exchange at the end of Friday, as the pandemic-dominated period has seen health care practitioners and clinics invest in telehealth and other digital health technologies. What began as a network of yoga studios has turned into a nimble medical-technology company with its sights set on improving how health clinics work. + +In the past five weeks alone, Well has launched an app marketplace for clinic owners to find ways to manage aspects of their business such as online booking and workflow automation; announced a US$14-million controlling investment in the U.S. telehealth company Circle Medical, giving the company access to health care markets in 35 states; closed a $23-million private placement led by Hong Kong billionaire Li Ka-shing; and revealed a $70-million bought-deal financing underwritten by Eight Capital and Stifel GMP. + +In an interview, Well’s founder and chief executive Hamed Shahbazi said the company wants to take a long-view approach seeking technology that improves health outcomes. “It was not too long ago that we didn’t even know we needed to sanitize our operating tools," he said. "Technology is responsibly for our life expectancies increasing. ... We can’t take it for granted.” + +Technology wasn’t really what Mr. Shahbazi had in mind when he first founded the company as a network of yoga studios licensing Deepak Chopra’s eponymous yoga-studio brand in Canada. In 2017, it listed on the TSX Venture Exchange under the name Wellness Lifestyles with a reverse takeover. That same year, PayPal Holdings Inc. bought Mr. Shahbazi’s payment-processing company, Tio Networks Corp., for US$304-million – although PayPal suspended Tio operations several months later after a data breach was found. + +Mr. Shahbazi first had no intention of running Wellness Lifestyles day to day, but soon became curious about the state of primary care in Canada. Everything he studied about Canadian health care, he said, “seemed to point at all this fragmentation in the system.” + +Technology adoption has been slower here than in other countries. The 2019 Commonwealth Fund International Health Policy Survey of Primary Care Physicians, for example, found that a low percentage of Canadian doctors were able to electronically share information with other clinical providers: Just 22 per cent could share patient clinical summaries, for example, versus 93 per cent in Norway. + +Although Canada’s health care system is public, Mr. Shahbazi realized its many privately owned medical clinics could benefit from technology sold at scale – saving their already busy physicians from having to deal with issues such as network security on their own. With Tio sold, Mr. Shahbazi became Wellness Lifestyles’ CEO in May, 2018. The company rebranded as Well Health Technologies two months later, refocusing on primary care. + +Mr. Shahbazi is a consolidator at heart and looked up to Canadian software acquisition powerhouses such as Constellation Software Inc. and Enghouse Systems Ltd. as he built up Tio in the previous decade. He’s building Well the same way. + +The company now has a network of 20 physical clinics in British Columbia; a new subsidiary to expand its “allied health” holdings, such as sleep, mental-health and physiotherapy clinics; and a network of digital services that the company says serves more than 2,000 clinics and more than 10,000 physicians, largely in B.C. and Ontario. The company now has 266 employees on top of its health care practitioners, who work as independent contractors. + +Well’s growing cache of software and partnerships is largely based off of the McMaster University-founded Open Source Clinical Application and Resource (OSCAR) system for electronic medical records. Mr. Shahbazi said he hopes that centralizing much of this software in Well’s new app marketplace, called apps.health, will encourage more medical clinics to invest in digitization. + +Laurentian Bank Securities analyst Nick Agostino said the company’s acquisition-heavy approach was wise. “Having both physical and virtual clinics makes a lot of sense to grab hold of patients and capture recurring revenue," he said. + +In Canada, Well’s strategy most closely competes with blended virtual-physical health care investments by legacy companies such as Loblaw Cos. Ltd. and the growing health wing of Telus Corp., Mr. Agostino said. + +Well jumped from the Venture Exchange to the TSX this past January, and its strategy has since pushed its market capitalization to more than $1-billion – more than triple the value of Tio when it was sold to PayPal. + +Analyst Doug Taylor of Canaccord Genuity raised his price target for Well to $8 from $6 last week as the company announced its app marketplace at a moment when investors are already interested in health care technology. “Well stands to benefit from streamlined cross-selling of its growing stable of proprietary health care technology assets and revenue sharing from third-party software,” he wrote in a research note. + +The pandemic-driven shift to digital pushed Well’s revenue for the quarter ending June 30 to $10.6-million, up 43 per cent from the year prior. Digital services accounted for $2.3-million of that – a 1,212-per-cent increase from the year earlier, owing to pandemic adoption and Well’s acquisition spree. + +https://www.theglobeandmail.com/business/article-well-health-ceo-sees-canadas-health-clinic-market-as-ripe-for/ +EDIT: Numbers are in $CAD + +Hello everyone, I've been following this subreddit for almost 2 years and recently hit a milestone I wouldn't have reached this early if it wasn't for all of you. I wanted to give my thanks, as well as show you how I ended up where I am for anyone interested in reading. + +Current financial breakdown: + +- Checking Account: $3201.89 +- Savings Account: $19,199.92 +- Investment/Retirement Accounts:$78,736.47 + +TOTAL: $101,138.28 + + +2016 ($14k NW end of year) + +[June]  - Just graduated from highschool and had no idea what I wanted to do with my life. With college application deadlines coming to an end very soon, and having my teachers, guidance counselors, and parents rush me to make up my mind, I randomly decided to take an accounting major in college because I heard it was in demand. + +[September] - Began my first year of college as well as maintaining 30+ hours at the grocery store I was working at throughout highschool. + +2017 ($31k NW end of year) + +[February] - First semester of college was coming to an end and I was completely miserable. The work was not difficult, the load was not too much for me, but deep in my stomach it just felt so wrong. I knew it wasn't for me and I began showing symptoms of depression because of it that even my close friends began to notice + +[April] - After 2 more months of feeling unmotivated and depressed I decided to pull the plug and drop out. I had no plan B, it was a spur of the moment decision and it felt like the 1000lbs I was carrying on my shoulders was finally gone. + +[June] - Spent the last 2 months working at the grocery store full time and my parents were fed up. We we're arguing every day because of my decision to drop out and after a heated argument they kicked me out the house at 19 years old. + +[July] - Spent 2 weeks with a friend while looking for a place. Ended up finding a basement apartment for cheap and moved in. I knew the minimum wage grocery store job wasn't going to cut it so I found an ad for a construction labourer position paying slightly higher ($35k/yr) and got hired. I spent the rest of the year slaving away and saving every penny I could. I was living VERY cheaply + +2018 ($46k NW end of year) + +(June) - After almost a year of working my ass off, starting earlier then everyone, staying later then everyone, coming in on the weekends to sweep and clean up, the company owner began to be very fond of me and gave me the position of Lead Labourer. This new position almost doubled my income, putting me at $60k/yr. Although the massive pay increase tempted me to splurge, I continued living as if I was still making $35k, and dumped all the extra money into my investment accounts. + +2019 ($72k NW end of year) + +(January - December) - This year not much changed. I was working the same job and still living in the same basement apartment alone. I continued living extremely frugally and was focusing on adding as much money to my investment accounts as possible, even if that meant sacrificing things I really wanted. + +2020 (101K NW end of year) + +(March) - Bought a car for $11k as a birthday gift to myself as I was tired of taking the bus. + +(April) - COVID hit, but thankfully I was able to continue working, most weeks actually working more hours then usual. + +(September) Been working consistently the whole year with no breaks or shutting down due to the virus. The same company owner that gave me a promotion in 2018 asked me if I'd like to train to become a crane operator and I gladly accepted. My wage will remain the same, but once I'm fully certified in about 3 - 4 years I can expect $120k/yr. + +(December) - Just deposited the cheque that puts me at $101k NW! Thank you all for the motivation! +Anyone else acquiring their neighbors’ homes to set up a family compound on your block? How have your experiences been? I’m at 3 in a row now. I’ve taken the back yards of the other two to expand my vegetable garden and keep the other two houses rented out for now, which is awesome because I effectively have one of the largest lots in my town for by FAR less money. Down the line I anticipate housing parents or children in the houses next door. We want a big family and like the idea of having a central gathering place for everyone. Has anyone done this and have experiences to share? +*Throwaway account since I'm giving actual dollar values here.* + +I do data-driven short-term trading via a homegrown system, and I got burned by brokerage behavior I hadn't known was possible. + +So, last month my system told me to short INNT from to June 18th to July 16th. I opened a short position on 1420 shares (\~$15k at about $10.55 per share) on 6/18. Unfortunately, INNT saw a massive spike (>100%) not long after I opened my position, presumably triggered by it getting added to the Russell 3000, 2000, and Microcap indexes. Not great news, but I didn't panic and close the position -- I would stick it out through the frenzy out and follow the plan. + +On July 11th, I got a surprise -- my brokerage had forcibly closed out my position, buying back the shares at a cost of about $35k. It turns out that they had to execute a "buy-in" with no notice since they suddenly found themselves no longer able to lend me the INNT shares. Presumably, other clients had sold their INNT shares, and the brokerage now didn't have enough shares for me to continue shorting. + +Anyway, July 16th arrives (the date on which I was to close the position), and the share price drops to $8.08 per share. So, had that forced buy-in not occurred, **I'd have made $3.5k rather than lost $20k.** + +Lesson learned: Your brokerage can close your short position without any notice, regardless of your account's standing. (And yes, I could have limited the loss via options, but that's not practical for my situation) +Two points + +1. **Safety**: In last few weeks I see increasing awareness of vechile safely in my circles. All thanks to NCAP ratings. People are surprised to see that vechicle they own hasn't performed as per their expectation (ex: Kia Saltos). Tata has obviously done very well along with Mahindra. As such discussions spread, more people may prefer safer Tata cars. +2. **E-vehicle hype:** We all know of rally electric vehicle stocks are seeing in US. Tata stock, despite having capibility and product to offer (Tata nexon EV, 14L+, cheapest/safest) hasn't gotten benefit of the hype. Recently there has been a news about govt priritizing E-vehicle. That havent yet been priced in the stock as well. + +Also, tata is Indian company. So it may get swadeshi advantage. +Hey people, need some recommendations but hope I don't come across as bragging in any way. + +I've (33M) reached my personal fatFIRE number in the past year, and being partnered and not planning to have a child, I'm pretty sure I'll stay comfortable for the rest of my life. I had a list of things that I wanted to do/learn/study when I reached fatFIRE and leave my job, but I realised that it no where comes close to filling my days. I'm not complaining - in fact I'm super happy that I have so much time everyday to cook, be there for friends/family when they need me, and not worry about rushing home after dinner to prepare for the next day. I still rent my home. I don't buy ridiculously expensive stuff, and don't eat out too much. I still work, but only part-time and on selected projects that I find interesting and have nice people to work with. + +My main concern is that I'm starting to feel out of sync with my friends and family. Most are not set up to reach the stage I'm in anytime soon (although I'd like to help them to), and I feel increasingly disconnected from them. Honestly I'm also feeling a certain sense of guilt for not being too busy during the week, as some of friends are really not having it easy. I'm also increasingly referred to in social gatherings as the one 'that doesn't need to work', which I dislike more and more with time. There is just a huge social pressure to be hustling at my age. + +But on the other hand, going back to full time work or starting an enterprise is hardly worth the stress and strain, unless I'm paid salaries and given benefits way above what I can command with my experience. Yet I'm too young to be drinking and eating figurative wine and pasta for the rest of my life. + +Thus a question to other early thirties fatFIRE-ers out there - how has life been for you so far, and how have you played out your fatFIRE life in ways that makes you feel connected with those around you? I'd also love to hear about the healthy ways you guys have found to share your wealth with your family, friends and community. + +&#x200B; + +Update: so many valuable comments from you guys! + +Summarising a few pieces of wisdom that resonated with me more: + +* The go-to label seems to be 'consultant with flexible hours'. +* Gifting money to friends/family can backfire in many ways - instead look at how you can add happiness to their lives with monetary contribution being just one of the means. +* Reinvent my relationship with stress, transforming it from what was previously a survival instinct to an observable and enjoyable quality in my life. +* Wealth might not be the only thing that unites me with people now, it can also be lifestyle (e.g. artists on flexible hours, etc). +* With my current means, I can afford to walk the straight line between where I am now, to contributing in whatever field or area that I always thought of dabbling in. +Our beloved $HOGE token has caught on. Etherscan shows [32,500+ holders outside of exchanges are hogling.](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances) $HOGE is now around 6 weeks old, having debuted in early February. + +In just the last few days; + +[TikTok influencers with 3 million followers started hogling](https://www.tiktok.com/@rxcan/video/6941475555871165702?lang=en&is_copy_url=1&is_from_webapp=v3). + +[YouTube stars with millions of followers started hogling.](https://www.youtube.com/watch?v=g9Hn5iyw12s) + +[Forbes Financial Council members with hundreds of thousands of followers started hogling.](https://twitter.com/davidgokhshtein/status/1372740024832233474) + +International Financial law and crypto expert [Dr. Olivier Hance, Ph.D., MBA, TEP, Esq. has been added to the $HOGE team.](https://www.reddit.com/r/hoge/comments/m9b1op/update_to_hoge_team_straight_from_headquarters/) + +3 companies now accept $HOGE as payment. [CloudVisual](https://cloudvisual.co.uk/)\+ [GROWMAX](https://www.growmax.ca/) \+ [Daisy Dukes Mandeville Louisianna Bloody Mary Bar and Restaurant](https://www.daisydukesmandeville.com/) + + +**Tokenomics -** + +Deflationary token. 2% Tax on all buys/sells/trades. 1% burned and 1% distributed to all holders. Original supply total 1,000,000,000,000. [581,939,664,409 have now been burned](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607?a=0x000000000000000000000000000000000000dead) leaving 418,060,335,591 in the supply. + +[The largest wallet holds 1.5% of supply](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances) and the next largest wallet has .5%. The developers of $HOGE renounced their stakes. + +[Whitepaper](https://hoge.finance/documents/hoge_whitepaper_compressed.pdf) + +[Contract](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607) + +Token address - + +* 0xfad45e47083e4607302aa43c65fb3106f1cd7607 + +**Community -** + +Reddit community at [https://www.reddit.com/r/hoge](https://www.reddit.com/r/hoge) |Hoge browser games at [https://hoge.fun/](https://hoge.fun/) |Twitter main handle at [https://twitter.com/HogeFinance](https://twitter.com/HogeFinance) | Website at [https://hoge.finance/](https://hoge.finance/) | Discord at [https://discord.com/invite/xpwC84dA6j](https://discord.com/invite/xpwC84dA6j)| + +**Availability -** + +[Liquidity is locked](https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) and $HOGE is currently available on: + +[Uniswap](https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) : [WhiteBIT](https://whitebit.com/trade/HOGE_USDT) : [Bilaxy](https://bilaxy.com/trade/HOGE_ETH) : [BKEX](https://www.bkex.com/), [1inch](https://1inch.exchange/), with more to come. If purchasing on Uniswap slippage must be set to 4-6%, wallets used are generally; metamask, trustwallet, and coinbase wallet. + +Coinmarketcap at [https://coinmarketcap.com/currencies/hoge-finance/](https://coinmarketcap.com/currencies/hoge-finance/) |Dextools at [https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960](https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960) | Coingecko at [https://www.coingecko.com/en/coins/hoge-finance](https://www.coingecko.com/en/coins/hoge-finance) + +$HOGE's price has been resting at a very affordable .00025 for several days despite adding thousands of new holders and the price is at about 30% of the ATH set 6 days ago. Hoge is currently up +12% today, -50% in last seven days, +15,000% in last month, +35,000% this year. +I know the lack of immigration has had substantial impact on Australian society as a whole but was wondering how it has affected people on a more micro level. + +To that end, has your personal experiences in the past year or so affected your opinion on immigration (particularly to Australia) as a whole? +I'm looking for ways I can invest my high income into more time / energy for my wife in her demanding new job. + +My wife is going to start a job at a big law firm soon--not quite Big Law but a large firm that pays well and has high billable hour expectations. My understanding is that there are dramatic returns to your career from billing tons of hours. The difference between being a dud and being a rising star might be an extra four hours billed a week. + +I make $500k+ and want to find ways to spend some money to help her bill more hours without her going crazy. There are obvious ones like having meals delivered and setting up a good home office, but there must be other ways I have not thought of. Surely some of you made these sorts of investments as you were grinding out of the gate. + +Suggestions? +**EDIT: All orders are filled. Feel free to make some more!** + +**EDIT 2: OTC is currently down since 0x website is under heavy load. WIll be back in the next few days :).** + +The 0x protocol was deployed a few hours ago, allowing us to trade ERC20 tokens on arbitrary mediums, like on Reddit! Thanks to the [0x OTC](https://0xproject.com/otc) we can securely execute trades with Metamask without having to send funds anywhere. + +To celebrate, I created 4 orders anyone can fill ; + +* ~~**Buying [8.76 OMG tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22OmiseGO%22,%22symbol%22:%22OMG%22,%22decimals%22:18,%22address%22:%220xd26114cd6ee289accf82350c8d8487fedb8a0c07%22},%22amount%22:%228760000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502801100%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2267848101693942731066169892968165318053819672906338556592286805324488523202105%22,%22signature%22:{%22v%22:28,%22r%22:%220xbb1f3dd75a256356417748c9a6ecde82ba46c600872e67a070b4c96cf6c356e6%22,%22s%22:%220x53e5010f443a1ffda25f778b40159814ae2476a60ec7c4cd71effdf3fcecce52%22,%22hash%22:%220x06f1f5e76317aa40bbf63088e1bbe1c3b6c90904684a6ff4fa965be5700a1334%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.0228 ETH / OMG)~~ +* ~~**Buying [13.19 PAY tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22TenXPay%22,%22symbol%22:%22PAY%22,%22decimals%22:18,%22address%22:%220xb97048628db6b661d4c2aa833e95dbe1a905b280%22},%22amount%22:%2213190000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502804820%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2286542776766640072449002996528001620809608415688334002282303647421198686979217%22,%22signature%22:{%22v%22:28,%22r%22:%220x30b32b3fb7cd99d77a299ff478b9e294b87c587a6fd7a223ef9ab4f1a2b48b3b%22,%22s%22:%220x59ec50d9b3eaf23f10671dc487a16b2a05a609fbc43873d795f94a0f4ae06c5b%22,%22hash%22:%220x4515512a4fdc87bbdf0a6a9884ad4cb26621a11f56406623ad94cc6b56b8bc2a%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.01516 ETH / PAY)~~ +* ~~**Buying [22.75 ANT tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22Aragon%22,%22symbol%22:%22ANT%22,%22decimals%22:18,%22address%22:%220x960b236a07cf122663c4303350609a66a7b288c0%22},%22amount%22:%2222750000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502804820%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2231093072055124464870155679888949821722462281138915364568021917532721163206637%22,%22signature%22:{%22v%22:27,%22r%22:%220xbc1c69047740c7c9451225d619f82409a0fe1d2b881c45d45f4495956f94f218%22,%22s%22:%220x68e0cb54aa826a9224fcb9bbc4b26eba5e868769e972210ea091a478de8a8add%22,%22hash%22:%220x77acc378f77fd114a2c78406bd176475972487a949770735ebe7607950b0ae05%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.00879 ETH / ANT)~~ +* ~~**Buying [3.80 LUN tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22Lunyr%22,%22symbol%22:%22LUN%22,%22decimals%22:18,%22address%22:%220xfa05a73ffe78ef8f1a739473e462c54bae6567d9%22},%22amount%22:%223800000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502804820%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2255672858147746792858239401428858404865893474724817938914500905851941188472266%22,%22signature%22:{%22v%22:28,%22r%22:%220xf59adaa8228f0393b1f4da9088cbeee0abe4c674bac18353e41cf5bb8880b43d%22,%22s%22:%220x1cad07f4ebf762480e89814410aea984408d4d5ef64cf05c27b4016b235c9571%22,%22hash%22:%220x2915064513240abf2e3182bdb2e5e4ad190393b496a16d8f0e4171298aaa4169%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.0526 ETH / LUN)~~ + +If you are interested in filling one of these orders, you just need to click on the corresponding URL above. The OTC will read the signed order (so you can verify if the signature matches the order, don't trust me.) You might need to wait a little for the OTC to connect on the main net via Metamask (some optimization on the OTC still needs to be done). + +You will also need to go in balances and set some allowances so that the 0x contract knows which tokens you allow to trade (you don't want to give access to a faulty token for example). + +Happy Over The Counter trading :) + + +**EDIT: All orders are filled. Feel free to make some more!** + +**EDIT 2: OTC is currently down since 0x website is under heavy load. WIll be back in the next few days :).** + +The 0x protocol was deployed a few hours ago, allowing us to trade ERC20 tokens on arbitrary mediums, like on Reddit! Thanks to the [0x OTC](https://0xproject.com/otc) we can securely execute trades with Metamask without having to send funds anywhere. + +To celebrate, I created 4 orders anyone can fill ; + +* ~~**Buying [8.76 OMG tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22OmiseGO%22,%22symbol%22:%22OMG%22,%22decimals%22:18,%22address%22:%220xd26114cd6ee289accf82350c8d8487fedb8a0c07%22},%22amount%22:%228760000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502801100%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2267848101693942731066169892968165318053819672906338556592286805324488523202105%22,%22signature%22:{%22v%22:28,%22r%22:%220xbb1f3dd75a256356417748c9a6ecde82ba46c600872e67a070b4c96cf6c356e6%22,%22s%22:%220x53e5010f443a1ffda25f778b40159814ae2476a60ec7c4cd71effdf3fcecce52%22,%22hash%22:%220x06f1f5e76317aa40bbf63088e1bbe1c3b6c90904684a6ff4fa965be5700a1334%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.0228 ETH / OMG)~~ +* ~~**Buying [13.19 PAY tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22TenXPay%22,%22symbol%22:%22PAY%22,%22decimals%22:18,%22address%22:%220xb97048628db6b661d4c2aa833e95dbe1a905b280%22},%22amount%22:%2213190000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502804820%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2286542776766640072449002996528001620809608415688334002282303647421198686979217%22,%22signature%22:{%22v%22:28,%22r%22:%220x30b32b3fb7cd99d77a299ff478b9e294b87c587a6fd7a223ef9ab4f1a2b48b3b%22,%22s%22:%220x59ec50d9b3eaf23f10671dc487a16b2a05a609fbc43873d795f94a0f4ae06c5b%22,%22hash%22:%220x4515512a4fdc87bbdf0a6a9884ad4cb26621a11f56406623ad94cc6b56b8bc2a%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.01516 ETH / PAY)~~ +* ~~**Buying [22.75 ANT tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22Aragon%22,%22symbol%22:%22ANT%22,%22decimals%22:18,%22address%22:%220x960b236a07cf122663c4303350609a66a7b288c0%22},%22amount%22:%2222750000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502804820%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2231093072055124464870155679888949821722462281138915364568021917532721163206637%22,%22signature%22:{%22v%22:27,%22r%22:%220xbc1c69047740c7c9451225d619f82409a0fe1d2b881c45d45f4495956f94f218%22,%22s%22:%220x68e0cb54aa826a9224fcb9bbc4b26eba5e868769e972210ea091a478de8a8add%22,%22hash%22:%220x77acc378f77fd114a2c78406bd176475972487a949770735ebe7607950b0ae05%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.00879 ETH / ANT)~~ +* ~~**Buying [3.80 LUN tokens for 0.2 ETH](https://0xproject.com/otc/fill?order={%22maker%22:{%22address%22:%220xd046b3c521c0f5513c8a47eb3c2011684ea80b27%22,%22token%22:{%22name%22:%22Ether%20Token%22,%22symbol%22:%22WETH%22,%22decimals%22:18,%22address%22:%220x2956356cd2a2bf3202f771f50d3d14a367b48070%22},%22amount%22:%22200000000000000000%22,%22feeAmount%22:%220%22},%22taker%22:{%22address%22:%22%22,%22token%22:{%22name%22:%22Lunyr%22,%22symbol%22:%22LUN%22,%22decimals%22:18,%22address%22:%220xfa05a73ffe78ef8f1a739473e462c54bae6567d9%22},%22amount%22:%223800000000000000000%22,%22feeAmount%22:%220%22},%22expiration%22:%221502804820%22,%22feeRecipient%22:%220x0000000000000000000000000000000000000000%22,%22salt%22:%2255672858147746792858239401428858404865893474724817938914500905851941188472266%22,%22signature%22:{%22v%22:28,%22r%22:%220xf59adaa8228f0393b1f4da9088cbeee0abe4c674bac18353e41cf5bb8880b43d%22,%22s%22:%220x1cad07f4ebf762480e89814410aea984408d4d5ef64cf05c27b4016b235c9571%22,%22hash%22:%220x2915064513240abf2e3182bdb2e5e4ad190393b496a16d8f0e4171298aaa4169%22},%22exchangeContract%22:%220x12459C951127e0c374FF9105DdA097662A027093%22,%22networkId%22:1})** (0.0526 ETH / LUN)~~ + +If you are interested in filling one of these orders, you just need to click on the corresponding URL above. The OTC will read the signed order (so you can verify if the signature matches the order, don't trust me.) You might need to wait a little for the OTC to connect on the main net via Metamask (some optimization on the OTC still needs to be done). + +You will also need to go in balances and set some allowances so that the 0x contract knows which tokens you allow to trade (you don't want to give access to a faulty token for example). + +Happy Over The Counter trading :) + + +This one is probably long coming but these posts add absolutely nothing to the investment discussion. They're simply bait for people to express their political views under the veil of markets. Without fail every time we have one of these threads someone gets banned for political attacks and the whole thing gets shut down. + +Obviously policy impacts markets, and we have to be appreciative of people's differing (civil and thoughtful)views on policy so topics concerning specific policy initiatives will still be allowed but they must be clearly and obviously tied to investing. The policy must also be flushed out and have a reasonable chance of becoming law. This means "what happens to markets if we get universal Healthcare" or "what would a wealth tax do" isn't acceptable. You would need to have something more specific such as "what is the risk to insurance stocks under proposed law XYZ". Basically all of this comes down to effort: if the question looks like a low effort fishing expedition for a political argument it'll be taken as such. If OP displays a specific understanding of the topic and displays effort to directly relate to investing then that should absolutely be allowed. + +Under these guidelines policy proposals from candidates are going to come under extra scrutiny. In the financial world we are concerned with probabilities and within that context proposals that are unlikely to ever make it beyond campaign speeches are going to be pretty heavily restricted. What I mean by that is if Sanders or Warren mention a wealth tax "what happens if we get a wealth tax" isn't a thread that needs to happen here. I think we're all willing to be flexible on topics here but the further away something is from reality the less it needs to be a topic here. + +Here's an example: Last month the Secure Act made it's way in to a budget bill. This is the largest change to retirement plan rules since the pension protection act of 06. There were two threads on this topic with aggregate upvotes of less than 10. Any given low effort question concerning a current candidate makes it to the front page in minutes. I'll be honest, I feel like we as mods have not done a good job when real world policy that impacts everyone is not a hot topic here but hypothesizing how legislation that doesn't exist is. So with that context in mind we're going to be taking the aforementioned steps to remove some of the threads that are thinly veiled attempts to talk general politics. + +That said, one further clarification: this does not extend to any sort of research, white papers, etc concerning said policy and markets. Goldman publishes their thoughts on how universal health care would impact different sectors? Absolutely post it up. A study of equity performance under new taxation in other countries? Go for it. You want to ask what happens to stocks if the US has a communist revolution? Kindly do so in /r/politics. + + +the rules on the sidebar will be adjusted to reflect this shortly. Feel free to provide feedback on specifics here, we're pretty set on the general direction but always open to subscriber feedback. + +Also one last note: we need to expand the mod team, we're all busy and there's a consistently increasing amount of rule breaking behavior. In the past we've done so organically by selecting regulars with good history of contributing to be mods. That will probably hold true going forward as well - IMO appointing mods that aren't longstanding contributors is how you end up with subs like /r/economics. So if you're interested throw your name in the hat, I can't promise anything and if we don't recognize your username it's highly unlikely you'd be selected but I'd like to cast a line and see what hits. + +Thanks. +For those of you looking for something a little different from the basic s&p500 etf I have a handy list here (edit: these are relatively unknown. This is not a "best of" list but simply some great overlooked indexes). + +HAIL- This index is comprised of companies which are included in the Smart Transportation sector + + top holdings include NIO, PLUG, TSLA, and WKHS + +IPO-  index is a portfolio of companies that have recently completed an initial public offering and holds them for 2 years + +top holdings include ZM, CRWD, DDOG, PTON, & WORK + +QQQJ- this index is comprised of the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index + +top holdings include TEAM, OKTA, TTD, and ROKU + +BUYZ- this fund concentrates its investments in consumer discretionary related industries + +top holdings include SE, AMZN, BABA, FVRR, & PYPL + +QQH- The HCM 100 index seeks to outperform the Solactive US Technology 100 Index. + +holdings include TQQQ, AMZN, AAPL, MSFT and FB + +KOMP- The index is designed to capture companies whose products and services are driving innovation. + +top holdings include NIO, ZM, TSLA, and TWLO + +SPYX- s&p500 fossil fuel free + +SPXE- s&p500 minus energy + +SPXN- s&p500 minus financials + +MOON- invests in 50 early-stage companies with the highest allocation of resources to research and development + +top holdings include NIO, WKHS, PLUG, SPCE, & CRWD +We’re Chubby and not RE yet, with my spouse and I both in demanding roles (but thankfully we can keep our schedules pretty close to 40hrs). No family nearby. + +Should we spend an extra $25k to have the peace of mind of a full time nanny WHILE the kids start school? We had been thinking we’d find someone part time but we have a nanny we like who wants to keep 40hrs. The the idea of knowing we are covered for after-hours, school breaks, sick days, plus having someone to do a few hour of housework before the kids come home sounds like an amazing luxury for the extra $$ of full time vs part time. + +For those with Nannies I’d love to hear your experiences and/or how other parents handle after-school care. + +Edit: for those that have done full time in home care do you think the extra cost was outweighed by your effectiveness at your work or business? That is part of how we are thinking about this and curious if it has held true for others. +I'm x-posting my comment here about EtherTanks. This is 100% my personal opinion on the project, as a user who owns 100% ETH. + +Right now the **only** value to the tanks is as a vessel towards cashing out of the pyramid scheme (as explained [here](https://www.reddit.com/r/ethtrader/comments/7n48qm/be_careful_ethertanks_looks_like_a_pyramidponzi/) by analyzing their smart contract). The only *incentive* for you as a tank owner to promote the game is to get users to sign up at any cost because you **directly take a cut of their purchase**. First and foremost, the idea that we should forgive them for running this pyramid scheme because eventually they'll add "real" features is ridiculous. + +It is **NOT** the same thing as an ICO because in the ICO's case they have a whitepaper that outlines the financial / technical plans for the project and they have a team and proposal that you are critically analyzing and making a a decision to invest based upon that. What does EtherTanks have? Their website lacks any sort of proposal or whitepaper. Their support email on the website is a gmail account... their "medium" link redirects you to "http://medium.com", their game has **zero** features (unless you count the pyramid scheme as a "feature"). They've already proven that they aren't the greatest engineers since their contract had a bad exploit in it that they had to fix *on day one*. + +It's basically a scam token in my view and while I believe everyone should have the freedom to buy into it **provided that they know it's a pyramid scheme up front**, I think anybody who *does* is probably slightly incompetent, misinformed, or is completely lacking a moral compass because they're comfortable shilling the thing and tricking/manipulating other people into buying into the pyramid scheme, meaning they'll become the owner of a worthless token with *even less* of a chance of breaking even than previous buyers have (due to the way the pyramid scheme is set up). + +Ethereum has value as a distributed computational machine. Monero has value in decentralized anonymous transactions, Bitcoin has value in its decentralized public ledger and its scarcity. "EtherTanks" has no value at all, *and includes* a pyramid scheme inside of it. + +To make things *even worse* you could call into question the competence of its developers as well, because their previous contract had several security flaws. It amazes me that they've accrued hundreds of ETH on the very same day they were forced to delete their contract and deploy a new one with what appears to be **absolutely no** testing done before hand on the testnet. They deployed it straight to the mainnet and everybody promptly sent along their Ether. + +So I actually can't figure out what's worse... is it the fact that people are willingly buying into a pyramid scheme? Or that people are actively sending their ETH to developers who quite frankly seem to have absolutely no idea what they're doing? Or that people are sending ETH to a project who's website has a gmail account and link to medium.com's homepage instead of a valid whitepaper/proposal? What I **do know** is that the only other time I have been so disappointed in folks here was at the peak of the ICO craze when traders were unironically shilling FUCK token and trying to justify its value. + +In my view as a completely random idiot on the internet, if we want Ethereum to have any legitimate future whatsoever we have to collectively call out these junk projects and demand that developers put forward legitimate proposals with legitimate teams because at the end of the day we're not exchanging trading cards here we're talking about *your own money*. If all people on the outside see is pyramid schemes dressed up as "tanks" or some might say "kittens" then nobody is going to take us or this space seriously at all. + +All that said, discussions about pyramid schemes, unsafe smart contracts and apparent junk projects are fantastic and at the end of the day you have to take in all the information you can and make a decision to buy into a project on your own. So with that said while it's probably obvious I avoided EtherTanks like the plague, I sincerely wish anybody who bought into it the best of luck. **You made your decision** and if you want to defend the project then I'd love to read your thoughts here too. +So my company is planning to list. IPO is a year+ out. As a shareholder, I will net a substantial windfall. + +This will accelerate my FATFIRE and effectively get me to my goal, whereupon we plan to move to some undetermined new location (in the US) to FIRE. + + +It had dawned on me that there are likely steps I can/should be taking now to minimize the tax burden. + +Are there locations with no/low taxes on IPO equity? Other steps to take well in advance? +**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; +I’m in my early 20s. I want to buy a house (eventually). What are some things I should know? Whether it’s from the search process to actually making the mortgage payments. What are things you know now that you wish you would have known prior to buying? + +Thanks in advance! +I'm 27, from Europe, currently living in the NL. By next year I should be getting approx a 200-250k inheritance. Around 100k will come from an investment portfolio (they are invested through a bank fund similar to VWCE), the other 100-150k will come from a house, which of course I have to sell first. +I am currently sitting on 20k, mostly cash. For most of you this might not sound like much, but I am a simple person, with a low profile job and income. I have never handled "huge" amounts of money before and I never really had a proper education, either through my family or University. + +Here's what I was thinking of: + +- about the investment portfolio: I would really like to take the 100k out of the bank investment/portfolio and throw the same amount in a VWCE fund or similar for lower fees. My concern is taxation, which I still have to dig into to understand wheter or not this would be worth it. + +In conclusion, I would like to keep this amount growing for the long term, as I won't inherit anything else and I don't want to risk burning my money with either inflation or wrong financial choices. This one, to me, looks like the "safe" choice for the long term. I don't have plans of buying a house (yet?), therefore I am focusing this budget on retirement. + + +- regarding the "house money" I am a bit confused. They could serve for different purposes such as extra VWCE/general investment budget, self-development or even opening a business. + +To give some extra context: I'm currently not satisfied with my position. I have been working in sales for some years for convenience rather than preference. My results lately are not great as I'm losing the little motivation I have left. + +I have been considering to start something myself for quite some time. If I had to follow my instinct, I would love to work in the hospitality sector. This could mean opening a small café, restaurant or anything food related. It doesn't have to be in the NL. + +On the other hand, I see the above as the riskiest and possibly least rewarding financial choice. A wiser choice could be to dedicate part of the budget to learn a better rewarding profession (which is not defined yet AND, as for now, I would not consider to go back to University, but rather a faster route) and invest the rest in VT or similar. + +Lots of information and doubts, please excuse my confusion. However, thank you in advance. I do hope to get some insights :-) +Hey everyone, current NW is around 3.1 million. I have around $2 million liquid in savings and in my post tax brokerage and another million in real estate equity and IRA. + +I own my house outright with solar panels and my 2 new vehicles, therefore my monthly burn rate is minimal. We live very comfortably off $5k a month in a low cost of living area. We will never move to a HCOL area. + +I am in a position to sell my business in the online education space. We will likely exit between 7-7.5million. After taxes and fees, I probably will walk away with 5-5.5million free and clear. This will put my networth at around $8million, with $7million being liquid. + +I am looking for conservative estimates here from others in similar positions. What does your income look like from having around $7million or so in the market? I am trying to determine a realistic income if I was to exit and how that would look for my family and I. I am estimating between 200-250k a year but market conditions concern me. Any thoughts? +**TL;DR - Hedge funds are manipulating penny stocks by exploiting the OTC market and using a pump and dump strategy to raise funds in their war against us.** + +\------------------------------------------------------------- + + So I have strong evidence to suggest that hedgies are pumping & dumping penny stocks to keep a constant inflow of cash to fight their war against us. + + + I came about this from skimming through the FINRA OTC data. + + + At first, I started to look at December data, because I wanted to see if hedge funds were trading penny stocks on inside information, by trading OTC the volume and price isn't affected on the charts and they can essentially trade behind the scenes. I wanted to know if they were making moves before the market caught up. But what I found instead was much much worse. So lets take a look... + +&#x200B; + +https://preview.redd.it/0irbaycpyqs61.jpg?width=1530&format=pjpg&auto=webp&s=9a435c6befad7210e2240d5f4686dfa8728a94ff + + and I went through the list, 1 by 1 and had a look at the charts. + +&#x200B; + +&#x200B; + +https://preview.redd.it/jixpnrktyqs61.jpg?width=952&format=pjpg&auto=webp&s=67da518371182b5bc89644fbbc4b9d6817a6ce4b + +&#x200B; + +https://preview.redd.it/eb97vl8uyqs61.jpg?width=952&format=pjpg&auto=webp&s=a8f25606dd10a875613e779392b3729d0e3a602f + +&#x200B; + +https://preview.redd.it/dkfxifuuyqs61.jpg?width=952&format=pjpg&auto=webp&s=072252fac6bb393e71f362605bfbf4d437b7b62d + +And I notice something strange, not only were all the patterns very much alike, but they were all reacting to the GME price. Okay, so there's a common pattern here, which peaked my curiosity. So I looked at the data from another angle, we've seen the stocks that have closed really low, let's look at the ones with the most volume. + +&#x200B; + +https://preview.redd.it/wrz3ful2zqs61.jpg?width=1530&format=pjpg&auto=webp&s=53f039e6084538021d6b395c844feef05219932b + +&#x200B; + + Right, well we can see that HCMC was the most traded, and we've already looked at that chart so let's move onto the others. + +&#x200B; + +[ As stated in the image, this one is different not sure why yet though. ](https://preview.redd.it/58f1m534zqs61.jpg?width=952&format=pjpg&auto=webp&s=7f58a4337beb2623fd954bf8462720fef71a9728) + +&#x200B; + +[ Right okay. We're seeing common patterns here again. ](https://preview.redd.it/yqjpmu96zqs61.jpg?width=952&format=pjpg&auto=webp&s=1e5c8b9c2904aae0af2b8d58cb15f1120161c5cc) + + Again, all this data reconfirmed what I was thinking, whoever was doing this was doing it on a large scale and for a specific reason. I already knew who it was, I just needed to confirm it. So let's go over the OTC data again. But this time, let's see who's actually trading those securities. + +&#x200B; + +# *** DRUM ROLL *** + + Let's start with HCMC + +&#x200B; + +[Anybody who wants to look into GTS be my guest.](https://preview.redd.it/nonr2owczqs61.jpg?width=1131&format=pjpg&auto=webp&s=5f53ada89f3ae99836361563e05a98a2b85c09be) + + Ah, well there's no fucking surprise there then is there? Let's look at the others to bolster our dataset + +&#x200B; + +https://preview.redd.it/rmw4e14hzqs61.jpg?width=1122&format=pjpg&auto=webp&s=5d48b117bcb95b2cd76ac7e13e6485dec0432b26 + + Ah, well this is concerning – because that's nearly 3 million shares we can't see. You might not think that's a lot with a penny stock, but this stock was pumped from 50c to $14! Which is a x28 return on 3 million shares. That's a big fucking return! Similarly, if we go back another month on this very stock... + +&#x200B; + +&#x200B; + +https://preview.redd.it/dfoz74vpzqs61.jpg?width=1125&format=pjpg&auto=webp&s=cbf9429e23a1446dceee5cef90d6520df1e1f3b1 + + Right now this is extremely concerning, because somebody or some people traded 600 million shares and we have no fucking idea who. We can calculate from this how much money is being made, but that's for another DD – this one is just to bring light to the issue. So let's continue... + + +&#x200B; + +https://preview.redd.it/3r4cvztszqs61.jpg?width=1122&format=pjpg&auto=webp&s=62d831451f8a98cc28e38527f2bb2370482549da + +Oh look who it is again, it's **shitacunt**! Yaaaaay! Keep in mind this is for one month. There were another billion the month prior too. + + +Let's keep going... but I'm sure you are starting to get the picture by now. + +&#x200B; + +[ Yea, citadel again. No surprise. ](https://preview.redd.it/jjfidtxvzqs61.jpg?width=1127&format=pjpg&auto=webp&s=6704ecd1ec3ab6069ba7c1d13eba16aac3b16654) + +Shall we do one more? + +Let's look at WDLF through january and february. + +&#x200B; + +[WDLF OTC Trades in January](https://preview.redd.it/t5d0ih5yzqs61.jpg?width=1117&format=pjpg&auto=webp&s=2fe62d1a14cc555b3704a42169653a7e0b6e0429) + +&#x200B; + +[WDLF OTC Trades in February](https://preview.redd.it/s80k71ryzqs61.jpg?width=1112&format=pjpg&auto=webp&s=a6eb0d33ce973adf92797236ab7a289c3b5403ec) + +Yea, we're numb to this now. But you're getting the picture. Citadel & Co are trading an absolute fuck ton of penny stock shares. Shall we look at what they're doing with them? I'll use a single chart for this, but they all look the same anyway so the principle still stands. + +# The hedgie strategy to pump and dump penny stocks to raise capital to fight us. + +&#x200B; + +[There's the basic jist of the current hedgie strategy. Keep in mind this is happening ACROSS 100s MAYBE 1000s OF PENNY STOCKS](https://preview.redd.it/w8ngpdv20rs61.jpg?width=1405&format=pjpg&auto=webp&s=9541265c2d21c954b7e31cabf867bfb3d8a6e1ed) + +&#x200B; + +Closing comments: I'm not entirely sure if they can do this ad infinitum, but they can sure keep it up until it's patched. Secondly, I'm going to do another DD at some point to list all the hedgies taking part in the strategy, so we can see who we're up against, and then I'll do a bit of math to see how much money they're actually raising. + +From there, we can see how much we are costing the hedge funds, how much they're making and who we're fighting against. + +# BONUS ROUND + +Oh and as an added bonus, check this out... + +&#x200B; + +[These are the trades of WDLF within February.](https://preview.redd.it/70stlbyj1rs61.jpg?width=1280&format=pjpg&auto=webp&s=362e4bbe1b7c9cc3da1d4b77220edd4284ba6e98) + +With this data, we can see that somebody is clearly hiding their trades. There's a lot to unpack from this, but that's for another DD. + + +Peace x +Im not telling anyone to but now, but im going to give my perspective. + +&#x200B; + +I have been in crypto since 2013 and run a large crypto meetup in So Cal. I have seen enough insanity in this space to the point that things don't surprise me anymore. The fact is 2017 was bad and good year for crypto. Prices increased like crazy which brought a lot of greed and stupid money with it. At the peak of the bubble people were coming to the meetup to talk about a new shitcoin that heard about. I even had few bitconnect advocates. Many ICO were contacting me to promote their new shinny projects. At the height in the market i had real feeling of anxiety that this will not be sustainable and we can see it wasnt. However there is bright side to this many developers started to attend the meetup and many got interested in the tech. The fact is last year brought a lot of great mind to this space. There are many startups and incubators here in California that is working on Dapps and other blockchain projects. The fact is the new development in blockchain today operates as a regular startup in incubators. Most of devs dont care about the price. ICOs are not a viable option anymore so most projects run on seed money. Development in 2018 has been more rapid than 2017 or 2016. + +Development cycles take time and i believe that in the next two years we will see many blockchain projects with real life uses. In my opinion ETH has the biggest development community behind it. In addition when ETH moves to POS the volatility will be lower because many will have the incentive to hold and stake and get passive investment. + +I see a future for ETH. The tech is there the developers are there. But what i know is ETH will survive this. A lot of shitcoins will not. This will give the space more legitimacy next time there is a bull run. This is time to weed out the weak, the greedy, and the speculative crowd. + +Now the price may bottom at $100, $50 or $20 ....who knows. But i think the bear market is a time to accumulate and build. If you believe in the tech and have the money you are not afraid to use, buy and hold. Get engaged in the community. Treat this as a long-ish term of investment. + +&#x200B; + +In 2013 i saw my dream crashing after bitcoin crashed, and thought its all dead. I got interested in crypto in 2016 when this subb and community were tinny. No one imagined that ETH would reach $100. There was more talk about DAo projects, new governance, and many great ideas about new type of financial system and wealth distribution. I believe that theses ideas will come to fruition with all the developers joining in. The insanity of the bull run made stray away from the original vision but now that greed is gone....LETS BUILD + +&#x200B; + +&#x200B; +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! + +&#x200B; + +&#x200B; + +https://preview.redd.it/s8i8oljui4c71.png?width=1600&format=png&auto=webp&s=a37ec6bab17ab4b89d437a91730b1457579f9950 + +Good Morning San Diago + +Due to events from the weekend, I do not believe rensole will be making a daily stonk so I will butt in for today if no one else makes one, I hope no one minds So let's get into it. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/lamrm12wi4c71.png?width=680&format=png&auto=webp&s=6efe12ba441cf3ecc4bd9f444742faa5a6d1ab64 + +# Mod Resignations And Addition + +&#x200B; + +Due to the events during the last week and this weekend, several mods have stepped down from their positions, the mods who have resigned are as follows: redchessqueen99, Hey\_Madie, rensole, ~~jsmar18~~ (rejoined, glad you're back), sharkbaitlol, Hieronymus1\_1, and Broccaaa? + +Moreover, ButtFarm69 has joined the mod team in order to try and help remedy the situation. + +&#x200B; + +You can find more information about the resignations and the events that led up to it here: + +&#x200B; + +\[Bringing in the fire extinguisher.\]([https://www.reddit.com/r/Superstonk/comments/omubcs/bringing\_in\_the\_fire\_extinguisher/](https://www.reddit.com/r/Superstonk/comments/omubcs/bringing_in_the_fire_extinguisher/)) + +&#x200B; + +\[Everythings fucked up and there are no good solutions\]([https://www.reddit.com/r/Superstonk/comments/omdfg4/everythings\_fucked\_up\_and\_there\_are\_no\_good/](https://www.reddit.com/r/Superstonk/comments/omdfg4/everythings_fucked_up_and_there_are_no_good/)) + +&#x200B; + +\[BUCKLE THE FUCK UP. New changes in the Moderating Team.\]([https://www.reddit.com/r/Superstonk/comments/omdh53/buckle\_the\_fuck\_up\_new\_changes\_in\_the\_moderating/](https://www.reddit.com/r/Superstonk/comments/omdh53/buckle_the_fuck_up_new_changes_in_the_moderating/)) + +&#x200B; + +[Astro Gaming MoonJam](https://preview.redd.it/70k231wfk4c71.png?width=2560&format=png&auto=webp&s=1527dc1cdf83a32fef7a02096881e385c859cfb6) + +~~Today~~ Tomorrow (oops) Astro and GameStop's MoonJam festival starts. + +You can find more info on the festival/event here: + +[https://go.minehut.com/moonjam](https://go.minehut.com/moonjam) and here + +[https://www.gamestop.com/collection/astro-gaming-moonjam](https://www.gamestop.com/collection/astro-gaming-moonjam) + +&#x200B; + +# Second Bullhouse Session With SusanneTrimbath + +&#x200B; + +[Back to business!!!](https://www.reddit.com/r/Superstonk/comments/omz498/back_to_business/) + +&#x200B; + +[credit to u\/babynutzz ](https://preview.redd.it/0asgq87el4c71.png?width=640&format=png&auto=webp&s=7e13254cc247b9b186d7a8a51447bbf689abb164) + +# Gamestop hiring en masse + +Can't Stop Won't Stop! + +&#x200B; + +[Gamestop has 6,618 OPEN POSITIONS listed on their website as of today. Almost all of them are retail. They're about to do something BIG!](https://www.reddit.com/r/Superstonk/comments/omexzl/gamestop_has_6618_open_positions_listed_on_their/) + +&#x200B; + +[GameStop is hiring a new Director of SEC and Financial Reporting who will oversee "the equity process including tasks related to stock-based compensation, equity rollforward, shares outstanding, calculation of basic/diluted EPS," etc. Bullish!](https://www.reddit.com/r/Superstonk/comments/olxepi/gamestop_is_hiring_a_new_director_of_sec_and/) + +Essentially Gamestop is looking to hire a professional full-time to manage everything GameStop stock-related (presumably, the accounting department took care of it previously) from forms to annual proxy statement to potential dividends if GameStop decides to do so. + +&#x200B; + +# SR-NYSE-2021-40 + +&#x200B; + +[SR-NYSE-2021-40 New York Stock Exchange Rulemaking: Notice of Filing of Proposed Rule Change to Adopt on a Permanent Basis the Pilot Program for Market-Wide Circuit Breakers in Rule 7.12.](https://www.reddit.com/r/Superstonk/comments/olm9en/srnyse202140_new_york_stock_exchange_rulemaking/) + +&#x200B; + +[credit to u\/Dismal-Jellyfish ](https://preview.redd.it/uoujg97qo4c71.png?width=960&format=png&auto=webp&s=83a9fae4fc882bb006ba77e267e92568eb63de35) + +Sounds like the NYSE wishes to rollout circuit breakers (the thing that stops trading for 10 min if a stock price goes up or down too fast) for the entire market permanently. + +&#x200B; + +# S&P Dow Jones Indices LLC + +Bank doing an illegal again. + +&#x200B; + +[Looks like someone was keeping the price steady and got cought! Pdf link: https: https://t.co/RYO11bfTAN?amp=1 ?](https://www.reddit.com/r/Superstonk/comments/ollypj/looks_like_someone_was_keeping_the_price_steady/) + +&#x200B; + +[credit to u\/Pocarel ](https://preview.redd.it/gnc966rto4c71.png?width=600&format=png&auto=webp&s=b50e4ceb698f8464ad3c5f6825abf45e012b9b6f) + +S&P Dow Jones Indices LLC was hit with a Cease-and-Desist order due to manipulating VIX to keep prices stable. + +&#x200B; + +# GameStop has a short squeeze score of 100 + +&#x200B; + +[\#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/Superstonk/comments/omw756/gme_breaking_according_to_thomson_reuters/) + +&#x200B; + +[credit to u\/CallMeMo2 ](https://preview.redd.it/iczxz99ap4c71.png?width=960&format=png&auto=webp&s=5437b2ea5ca32269c9eaf9146b1d66af444b19f7) + +[credit to u\/CallMeMo2 ](https://preview.redd.it/4sbmb45hp4c71.png?width=1230&format=png&auto=webp&s=d0dcfa0ce80ed7170658e43f36c135056053fa80) + +Note that it says **Higher Likelihood** Not that it's guaranteed but Bullish never the less. + +# Junk Bonds + +&#x200B; + +[Junk Bond Yields Are Now Below Inflation For The First Time Ever. Buckle Up! Marge Is Going to Call More Hedge Funds!](https://www.reddit.com/r/Superstonk/comments/olp7aj/junk_bond_yields_are_now_below_inflation_for_the/) + +“This is a function of too much cash in the system and too few attractive assets for investors to put their cash into,” + +&#x200B; + +# Market Cap + +&#x200B; + +[So i](https://www.reddit.com/r/Superstonk/comments/omdjf9/so_i_saw_this_this_morning_and_thought_it_would/)[ saw this, this morning and thought it would be braking news here but i havemt seen anything on this! Anyone know why market cap jumped $3Billion on a Saturday?](https://www.reddit.com/r/Superstonk/comments/omdjf9/so_i_saw_this_this_morning_and_thought_it_would/) + +&#x200B; + +[credit to u\/Djpenguin681 ](https://preview.redd.it/xn8o9eyzp4c71.png?width=640&format=png&auto=webp&s=22c699fadf1df0107171072a54ea386b5fa48a57) + +Apparently, multiple brokers are displaying different market caps for Gamestop, is it another bug or more bad data? + +&#x200B; + +# GameStop's Esports twitter + +&#x200B; + +[POWER UP! GameStop eSports Twitter verified 💪 in case there were skeptics still](https://www.reddit.com/r/Superstonk/comments/om68az/power_up_gamestop_esports_twitter_verified_in/) + +&#x200B; + +[credit to u\/UpbeatIndica](https://preview.redd.it/ulis5i1xs4c71.png?width=960&format=png&auto=webp&s=4e4e0a43c8237c25074359a6be0813b21c9c1908) + +I don't think many were many were doubting the legitimacy of GameStop's Esports Twitter account but more validity is always better, although note that getting verified on Twitter isn't a guarantee of verification. + +&#x200B; + +# DTC-2021-013, NSCC-2021-008 and FICC-2021-006 + +&#x200B; + +[Just a reminder: DTC-2021-013, NSCC-2021-008 and FICC-2021-006 go into effect today July 19, 2021](https://www.reddit.com/r/Superstonk/comments/on91i0/just_a_reminder_dtc2021013_nscc2021008_and/) + +&#x200B; + +If anyone knows what these rules do, do tell in the comments or make a new post thank you. + +&#x200B; + +# Cloudstar Ransomeware attack + +&#x200B; + +[National emergency by monday? Cant close loans? Ransomware attack? 🧐](https://www.reddit.com/r/Superstonk/comments/on7xpv/national_emergency_by_monday_cant_close_loans/) + +&#x200B; + +[credit to u\/Hirsutism ](https://preview.redd.it/ogc8dhhvw4c71.png?width=640&format=png&auto=webp&s=d8406689458e7c71356fb9fcf899ec9d3d407fd5) + +&#x200B; + +I have more than likely missed a lot of DD's and posts due to the mess over the weekend and I wasn't expecting to make a daily post so if I have missed something important please comment and tag me and I will try to add it if I can. + +And apologies if the comments are a bit short, I'm not used to writing a lot and I like to be concise and to the point. + +&#x200B; + +https://preview.redd.it/iixhnkqyi4c71.png?width=554&format=png&auto=webp&s=3451167099939939c503b7e665712d1c73272c6b + +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. + +**ALSO DONT TRY TO EXPLOIT YOUR FANBASE, THIS WOULD ALSO BE EXCELLENT!** + +&#x200B; + +https://preview.redd.it/yn6kj4pzi4c71.png?width=400&format=png&auto=webp&s=3bbc1ebecb164225e76ccf476697c264bf508019 + +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/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +&#x200B; + +Edit MoonJam is tomorrow Not today (was writing this at 4 am so forgot dates lol). + +Edit lots of grammar. + +Edit according to the "Bringing in the fire extinguisher." post Broccaaa left the mod team but he/she is still in the mod list so idk if they have left or not if a mod could clear it up that would be great. + +Edit some people have asked me why I decided to make a daily stonk so here is a small writeup if you care [https://www.reddit.com/r/Superstonk/comments/onab8m/the\_daily\_stonk\_07192021/h5qnt07/?context=3](https://www.reddit.com/r/Superstonk/comments/onab8m/the_daily_stonk_07192021/h5qnt07/?context=3) + +And the reason I decided to keep the same format is 1 because I quite like it and 2 it feels like normal and I wanted to try and leave the weekend behind for the weekday folk that like normalcy, I wasn't too sure if I should keep the some of the more rensole parts like the last part but I didn't really want people to feel like I stole the format and twisted it into My own when I was just gonna post a roundup of the weekend, and the other times someone else covered they didn't remove it so I kept it. **¯\\\_(ツ)\_/¯** + +&#x200B; + +Edit + +# T+21/T+35, options, net capital and OTM PUT's + +&#x200B; + +[OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) + +&#x200B; + +Criand has been looking at T+21/T+35 and believes that they aren't what is causing the price movements and instead thinks "the price movements being about monthly options and net capital because it becomes a balance sheet issue.". + +He's also looking into OTM PUT's but I got to be honest I don't think I can properly comment on it so go read it and make your own opinion. + +Also, I found this funny. + +https://preview.redd.it/gw0uy58jc6c71.png?width=296&format=png&auto=webp&s=3f14c3f4aaf9549271562c9e6e09dbed2b0e734b + +Edit some small reformatting. + +Edit + +# Google Consumer Survey to guess/extrapolate globally owned shares + +&#x200B; + +[Final Update of Google Consumer Survey \*\*\* N=2,200\*\*\*; At LEAST 164MM $GME Shares in Hands of U.S. Retail; \*\*\*My Best Guesstimate For Total Shares Owned Globally — 531MM\*\*\*](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/?utm_medium=android_app&utm_source=share) + +&#x200B; + +[credit to u\/Get-It-Got ](https://preview.redd.it/fgwtb08el7c71.png?width=888&format=png&auto=webp&s=8d83436a9987c9f30c47d2d12ccb28dbb96d147d) + +Get-It-Got have used Google Consumer Survey in order to attempt to find out/ Guesstimate how many Gamestop shares exist in the marketplace, now there are margins of error but overall I'd say it looks pretty well done, although I am no expert so what do I know. +With all the news out there, depending on the day, depending on the sources you read, oil will either: be used forever in its current capacity for 1000 years to come, or conversely, never be used for anything, ever again in no time at all. I tend to come down somewhere in the middle. If no oil were available tomorrow, the entire world would recede in to dark age that it may never recover from. That being said, if you do not find a cheap, effective and safe substitute for it in the coming years, we will be betting it all on a declining resource base. With all that being said, I am quite optimistic on oil over the next 10-20 years. That is where Suncor comes in. + +Now, while they do have some interesting investments in non fossil fuels, they are small and will take a long time to add anything to the bottom line. As of today, Suncor is integrated oil producer, predominantly heavy/synthetic crude, with great downstream assets such as refineries, gas stations, etc, as well as mid-stream assets such as storage and pipelines. I just want to be clear: **what you are buying in Suncor is an oil company**, renewable/green energy make up no serious part of the company at this time or in the near time and I am going to be spending very little time on its *possible* renewable future. + +Recently, Suncor has been underperforming other Oil & Gas stock since oil prices started escalating. So why is that? The answer is it is being **very** conservative. It is prioritizing debt repayment and keeping up with capex. Don't you worry though! At the recent Investor Day, the company provided a roadmap to the future for its owners. It has forecast that the dividend will grow starting later this year/early next, by 25% CAGR. This puts the dividend at over $2.00 per share by 2025. Not only that, but it aims to buyback over $7 billion in shares for cancellation . For a company with roughly a $40 billion market cap, that is a fair amount of shares outstanding (it reduced share count by 1% in Q1 alone). All the while it will continue to pay down debt (it took down indebtedness by $1.1 in Q1) and is still spending on the future. In fact, it is estimated that in 2021, Suncor will generate $6.4 billion additional dollars **after** it pays its bills, dividends, and sustaining capex. + +But what happens when the world no longer uses oil? Well, it depends for what use. You may think "Oil is oil right?". That is not the case at all it turns out. While I am no great mind, and am not an expert on the subject, I have been learning about. It turns out the heavy crude that is a large part of what Suncor produces is used for things that will still have quite a long future, things like petrochemicals for plastics, jet fuel, and asphalt. This combined with its Downstream assets, gives a more resilient business model than a straight O & G extraction company. Also to keep in mind, the capital needed to construct something like Syncrude requires an enormous amount money upfront -- meaning it is an already sunk cost. The upshot of that is its sustaining capex is minimal in comparison to traditional drilling and extraction and its reserve life is quite long. And since exploration and adding new wells has been off the table the last 5 years or so, the O & G sector and Suncor in particular have been looking at what they can do better with the existing assets they have. This has caused their cost per barrel to go downward year after year. As for the future, one big announcement that everyone seems to have glossed over or forgotten is that Suncor will be taking over as the operator of Syncrude, its single largest asset in the Fall/Winter of 2021. This move will save an estimated $300 million and cut operating costs to $23 a barrel. Suncor is now estimating that its company wide breakeven point is somewhere around $35 WTI. + +With oil prices averaging $50 WTI and over, this company will continue to spit out cash, and, due to the world we are living in, has nowhere to profitably deploy it. This will lead the company to be generous with its returns to shareholders and pursue none oil related investments such as green energy, carbon capture, hydrogen and so on. Paradoxically, the cashflow from oil may lead to a greener future for all. +Alright real talk guys. I saw a fair few of you bought IVZ off the back of my sub par DD. I think some did their own research but I'm worried others bought just because of what I said. Huge concern since I'm still learning about what's what and also because IVZ is a risky ass stock. Risking 100% for 3000%. I do feel the risk is less than it once was as confidence grows on the certainty of a PSA and then farmout soon after. But as u/gt_mutandwa says (look at comment history) he wouldn't trust the Zim govt. + + +Those who did look into it themselves feel the same way I do. Reward is well worth the risk. But you need to accept that you could lose it all. + + +But 3DP is a stock where I don't mind if you don't look into it yourself (still, DYOR) and simply buy off my DD (please DYOR). + + +So here's a recap on the rise of 3DPs shareprice and the events that have brought us to 48c. + + +At 11c or so, Bevan Slattery invested/joined. He's got the Midas touch. Founded NXT ($12) and MP1 ($15) and other hugely successful businesses. So no wonder the price went up with his involvement as smart money follows smart money. Him joining alone brought the share price to around 20c. + + +I forgot what happened to get it to 27c where I first bought in (and accumulated the rest in the mid 40s) but it went from 27c to high 30s in one day off their ACV update anouncement, which showed huge profits and hinted at the behemoth they can/will soon become. Momentum off this announcement carried the SP over the next few days as SP reached a high of 51c before retracing to 39c as red markets and other shit things happened but it has slowly climbed back since. In the last 9 trading days it has averaged a climb of a cent a day to where it is now at 48.5c. + + +Below is the highlights of previous announcement: + + +• US Utilities sector drives 39% growth in ACV in one month +• Pointerra now profitable on an ACV run-rate basis +• New US Defence sector opportunities emerge during Q1 FY21 +• Pointerra’s 3D data marketplace set for soft-launch during Q1 FY21 + + +Why you need to buy 3DP yesterday: + + +We are waiting on the announcement that shows their growth was not a one off fluke. If their next announcements confirms their exponential growth rate, we are expecting to hit between 65c and 85c. +As mentioned in the announcement they have inroads and are presentating to the US dept of defence. If they get a slice of this, hello 100% jump off this alone (my guess). But that may take a while so any further announcement showing progress here should still boost SP. Lots of other potential major clients in the works and any announcements about them should see at least 30% bumps. + + +Why they're unique: + + +They have first mover advantage. No clear cut competitors (some do some things 3DP does but none do all). Their revenue is subscription based and tech is highly scaleable so it costs nothing to bring customers on but customers will stick with them once signed so revenue is recurring and builds month on month. + + +The industry they work in is geospatial data. So with LIDAR and other mapping methods increase in demand (latest apple phone will have LIDAR), they will need 3DP to store, process and analyse the data instead of storing the info of multiple hard drives, requiring physical transfer from user to user (or super slow rendering from the cloud), +3DP compresses and stores in the cloud, ready to be accessed quickly from anywhere. Sounds simple but other companies don't have their patented tech to replicate. + + +Common Q & A’s about Pointerra: + + +1.What do we do? + +We manage, host, analyze and monetize other people’s 3D data for them. + + +2.How do we make money? + +People pay us to manage their data, to develop or source analytics to ask questions of their data and they share revenue with us when we help them to monetize their data. + + +3.Why do people need us? + + +3D data is hard to manage, use, analyze and share. We have proprietary (patent protected) IP that lets us do what we do better than anyone else.Do we have competitors? There are lots of desktop solutions for 3D data and fewer cloud solutions. Most cloud solutions focus on visualization, but the data isn’t readily analyzed - either quickly and efficiently, or at mass scale. Our patents-pending IP allows us to do this better than anyone else. + + +4.Who are our customers? + + +Anyone who is engaged in capturing (surveyors, drone operators, aerial and satellite mapping) or using (AEC sector, asset owners/operators/insurers/regulators) 3D data to plan, design, construct/build, operate, maintain, insure and govern/regulate a physical asset. + +5.What sectors do our customers operate in? + + +Linear infrastructure (road/rail/pipeline/transmission/distribution), non-process infrastructure (civil and built-form) and process infrastructure (mining/oi l& gas plant). + + +6.How much do people pay us? + + +Our Data as a Service (DaaS) solution to manage 3D data using our digital asset management platform is priced based on the amount of data (in terabytes) we are hosting. We also charge customers to build/deploy analytics against their data (Analytics as a Service or AaaS) and where we connect buyers and sellers of 3D data, we typically agree a revenue share via our 3D data marketplace. + + +I challenge anyone to shit on this stock. Two "red flags" identified is if Bevan Slattery dies or leaves. And the other is their website could do with some work. Please find more flags if you can because I plan on going almost all in on this after IVZ rockets. + + +TLDR: share price will (more often than not imo) increase slowly and steadily. Imminent rocket with announcement due soon to take the current SP of 48c to the 65c - 85c range. US DoD potential client. Steady shareprice growth interrupted with random rockets as clients are signed. + + +$5 in 12 months. + + +For the BRN lovers, I'd say BRN has world changing potential and therefore higher upside. But until clients come, I need my money somewhere safer while still having rockets to ride. Plus less manipulators messing around with 3DP shareprice so I can sleep at night. + + +Not financial advice. DYOR. I'm still clueless about stock market and everything in general and there's every chance I'm just a 12 year old kid messing about. + + +Bonus fact, CEO of Nearmap, Rob Newman owns a decent chunk of 3DP (formerly on the board). + + +Tldr 3dp 1 bag in 2 months, 3 bags in 4 months, 10 bags in 12 months. +# New US Crypto Regulation Far More Invasive Than We Thought + +**US Congress intends to regulate crypto on a level far deeper than currently understood―They will:** + +&#x200B; + +* Designate Bitcoin, Ether, and their hard-forks as commodities and regulate their transactions accordingly; +* Create legal uncertainty for all other crypto projects and ICOs by allowing them to be labeled as securities; +* Ban the use of (unauthorized) stablecoins; +* Introduce penalties for the use of mixers and privacy coins; +* Rebrand smart-contracts that take longer than 24 hours to deliver as futures contracts and regulate them accordingly; +* Re-define legal tender and change the way money is created by the Federal Reserve; and authorize the issuing of a digital USD of which all transactions are recorded; +* Introduce foreign regulations into US law for all virtual asset service providers in the US (and with US clients). This would not be done to then never use it. + +&#x200B; + +**In short: Congress wants to bring crypto-currencies under full oversight and control.** + +These new regulations introduce massive regulatory burdens on existing projects, ban and criminalize current normal activities, restrain innovation and free enterprise, and even introduce a transparent central bank digital digital currency that redefines money as we know it! + +According to United States representative Don Beyer, congress should incorporate “digital assets into existing financial regulatory structures.”(1) As you will see, they intend to do just that. + +And it will change the way things are done for crypto forever… + +&#x200B; + +## <What This Post Is About_ + +This post provides an overview of the crypto legislation currently (September 2021) being put through US congress. + +It does not just look at the proposed bills, but rather at the wide range of laws that are to be amended. + +Once all the puzzle pieces are put together, the big picture reveals shockingly strict regulations of crypto and a complete overhaul of the idea of “money.” This could have serious effects not only on the crypto sector, but also on the financial system as a whole. + +Behind the excuses of preventing money laundering and ensuring investor protection, the use of crypto is transformed in something it was not supposed to be. Especially delicate is the fact that part of this legislation is drafted outside the US. + +***Disclaimer***\*: This report provides a high-level overview of the US laws that are to be introduced/amended by two new bills. Its depth is limited by the inadequate knowledge of the author of the large body of US law involved, and given that these bills are subject to amendments and have not even passed into law yet, none of this information can be considered legal or financial advice.\* + +&#x200B; + +## <What Is Going On? + +On April 06, 2021, a “must pass” bill was introduced called the “Infrastructure Investment and Jobs Act”(2) (“Infrastructure Bill”). It passed in the House of Representatives and, after fierce debate, the Senate. Hidden in this bill, an amendment to the Internal Revenue Code was added. It introduced new reporting requirements and obligations for record keeping. + +While this bill created a lot of public outcry, more recently, a real game-changing bill was introduced in the House on July 28, 2021, namely the: “Digital Asset Market Structure and Investor Protection Act” (3) (“Digital Asset Bill”). + +This bill proposes amendments to the Federal Reserve Act, the Bank Secrecy Act, Securities Exchanges Acts, and the Commodity Exchange Act. It changes the definition of legal tender, and it introduces international crypto regulation into US law. + +This article looks at each of these amendments… + +&#x200B; + +## <Commodities or Securities?_ + +The main take-away is that two different bodies of law will apply to crypto projects: commodities and securities laws. So far, only Bitcoin, Ether, and their hard-forks are confirmed to be commodities (see below). All other cryptos are subject to future guidance by market regulators: + +*“Not later than 150 days after the date of the enactment of this section, the SEC and CFTC shall jointly publish, for purposes of a 60-day public comment period, a proposed rulemaking that classifies each of the major digital assets.* + +***Not later than 270 days after the date of the enactment of this Act***\*, the SEC and CFTC shall jointly publish a final rule that classifies\* ***each of the top 25 major digital assets*** *by (i) highest market capitalization and (ii) highest daily average trading volume as—* + +*(1) a digital asset; or(2) a digital asset security.”* (4) + +&#x200B; + +## Interpretation: + +* Cryptos will be subject to two different regulatory regimes: commodities and security regulations. +* Services engaged with both digital assets (commodities) and digital asset securities (securities) could be subjected to both regulatory regimes. + +&#x200B; + +## <Commodities Regulation_ + +The Commodity Exchange Act regulates the trading of commodity futures in the United States. Passed in 1936, it has been amended several times since then.(5) It provides federal regulation of all commodities and futures trading activities and requires all futures and commodity options to be traded on organized exchanges. + +In 1974, the Commodity Futures Trading Commission (CFTC) was created to oversee the market. With certain exceptions, the CFTC has been granted exclusive jurisdiction over commodity futures, options, and all other derivatives that fall within the definition of a swap. Certain cryptos will be regulated as commodities. + +&#x200B; + +## Definition of “Commodity” Amended to Include Digital Asset: + +First and foremost, Section 1a of the Commodity Exchange Act on definitions will be amended to read as follows: + +*“****The term “commodity” means*** *wheat, cotton, rice, corn, oats, barley, rye, flaxseed, grain sorghums, mill feeds, butter, eggs, Solanum tuberosum (Irish potatoes), wool, wool tops, fats and oils (including lard, tallow, cottonseed oil, peanut oil, soybean oil, and all other fats and oils), cottonseed meal, cottonseed, peanuts, soybeans, soybean meal, livestock, livestock products,* ***digital asset (including Bitcoin, Ether, and their hardforks)****, and frozen concentrated orange juice, and all other goods and articles, except onions (as provided by section 13–1 of this title) and motion picture box office receipts (or any index, measure, value, or data related to such receipts), and all services, rights, and interests (except motion picture box office receipts, or any index, measure, value or data related to such receipts) in which contracts for future delivery are presently or in the future dealt in.”*(6) + +&#x200B; + +## Digital Asset Definition + +Next, the end of Section 1a of the Commodity Exchange Act will be amended by adding a clarification of what a digital asset is (7)(definition to long to post here) + +&#x200B; + +## Smart Contracts with Delivery Time of More than 24 hours are Futures Contracts + +A sharpening of the definition of retail commodity transactions could decrease the options for the use of smart contracts outside of regulated exchanges. + +Currently, Section 2(c)(2)(D)(i) of the Commodity Exchange Act prohibits persons that are not *“eligible contract participants”* or *“eligible commercial entities”* to engage in agreements, contract or transactions in commodities on leverage, margin, or financed by the offeror, the counterparty, or a person acting in concert with the offeror or counterparty on a similar basis.(8) + +Next, additional amendments mentioned in the SEC. 202 of the Digital Asset Bill applies this on transactions done by smart contract of which the delivery takes longer than 24 hours: + +*“(ii)  Exceptions* + +*(III) a contract of sale that–* + +*(cc) with respect to* ***digital assets***\*, results in\* ***actual delivery*** *(including transfer of control over private keys) n****ot later than 24 hours after the transaction is entered into*** *and such delivery is accomplished by either-* + +*(AA) recording the transaction on the public distributed ledger for the digital asset; or* + +*(BB) with respect to digital which are not recorded on a public distributed ledger for the digital asset, reporting the transaction to a CFTC registered digital asset trade repository; or”* (9) + +&#x200B; + +## Dodd-Frank Act and Market Transparency + +After the 2008 financial crisis, the Dodd-Frank Act introduced strict regulations for swaps. Naturally, these will also apply to digital assets as well. + +The definition of swaps, as provided by the Commodity Exchange Act (section 1a(47)) is broad. For example, it could refer to any “agreement, contract or transaction” that “provides for any purchase, sale, payment, or delivery that is dependent on the occurrence, nonoccurrence, or the extent of the occurrence of an event or contingency associated with a potential financial, economic, or commercial consequence.” (10) + +## Next, the Dodd-Frank bill authorizes the CFTC to: + +* Regulate swap dealers by installing capital and margin requirements, require dealers to meet robust business conduct standards, and meet recordkeeping and reporting requirements. +* Increase transparency and improve pricing in the derivatives marketplace by requiring standardized derivatives to be traded on regulated exchanges or swap execution facilities and bring better pricing to the market place and lower costs for businesses and consumers. +* Lower risk to the American public by moving standardized derivatives to central clearinghouses.(11) + +&#x200B; + +## Digital Asset Trade Repository + +To meet the above mentioned market transparency requirement, the Commodity Exchange Act stipulates the need for a digital asset trade repository to collect information on SWAPS in order to provide the public with the correct market information: + +*“The term ‘digital asset trade repository’ means any person that collects and maintains information or records with respect to transactions or positions in, or the terms and conditions of, contracts of sale of digital assets in interstate commerce entered into by third parties (both on chain public distributed ledger transactions as well as off chain transactions) for the purpose of providing a centralized recordkeeping facility for any digital asset, but does not include a private or public distributed ledger or the operator of either such ledger unless such private or public distributed ledger or operator seeks to aggregate/include ‘off chain’ transactions as well.”* (12) + +&#x200B; + +## Interpretation Commodities Regulations: + +* As of writing, only BTC and Ether (and their hard-forks) will be confirmed as commodities. All other cryptos could potentially be regulated as securities (what this means is explained next). +* The fact that novel technologies such as Bitcoin and Ether are to be subjected to a large body of law that developed around the trading of livestock and frozen concentrated orange juice could spell regulatory uncertainty for various business models in the industry. +* No “trading on margin” is allowed outside regulated entities, unless done by high-level investors called “eligible contract parties.” This could perhaps frustrate particular ideas about decentralized finance or OTC markets. +* Smart contracts that take longer than 24 hours to deliver could be considered futures contracts under the jurisdiction of the CFTC. That smart contracts can be labeled as futures contracts appears indeed to be the opinion of the CFTC.(13) + +&#x200B; + +## <Securities Regulations_ + +In the US, securities are regulated by the 1933 Securities Act. Additionally, the 1934 Securities Exchange Act further regulates the trade of securities, and established the SEC to oversee these markets. + +## Definition of “Security” Amended to Include Digital Asset Security: + +First and foremost, Section 3(a)(10) of the Securities Exchange Act will be amended to include a “digital asset security” (and exclude “digital assets”) in the definition of security: + +*“(10)* ***The term “security” means*** *any note, stock, treasury stock, security future, security-based swap, bond, debenture, certificate of interest or participation in any profit-sharing agreement or in any oil, gas, or other mineral royalty or lease, any collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract,* ***digital asset security***\*, voting-trust certificate, certificate of deposit for a security, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or in general, any instrument commonly known as a “security”; or any certificate of interest or participation in, temporary or interim certificate for, receipt for, or warrant or right to subscribe to or purchase, any of the foregoing;\* ***but shall not include any fiat currency, commodity, digital asset***\*, or any note, draft, bill of exchange, or banker’s acceptance which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited.”\* (14) + +## Digital Asset Security Definition + +Next, the Digital Asset Bill (SEC. 101) defines what a digital asset security will be: + +*“(A) IN GENERAL.—The term ‘digital asset security’ means a digital asset that:* + +*(i) Provides the holder of the digital asset with any of the following rights:* + +*(I) Equity or debt interest in the issuer.* + +*(II) Right to profits, interest, or dividend payments from the issuer.* + +*(III) Voting rights in the major corporate actions (which shall not include new block creations, hardforks, or protocol changes related to the digital asset) of the issuer.* + +*(IV) Liquidation rights in the event of the issuer’s liquidation.* + +*(ii) In the case of an issuer with a service, goods, or platform that is not wholly operational at the time of issuing such digital asset, with respect to* ***any fundraising or capital formation activity (including initial coin offerings***\*) which is accomplished through the issuance of such a digital asset, issues such digital asset to a holder in return for money (including other digital assets) to fund the development of the proposed service, goods, or platform of the issuer.”\* (15) + +&#x200B; + +## What does it mean to be regulated as a security? + +Investing in securities in the US is regulated to: + +*“protect interstate commerce, the national credit, the Federal taxing power, to protect and make more effective the national banking system and Federal Reserve System, and to insure the maintenance of fair and honest markets in such transactions.”* (16) + +Regulations focus on both the issuing of securities (primary market), and subsequent trade of such securities (secondary market). + +The goal of securities laws is firstly to require issuers to fully disclose all material information that an investor would need in order to make up his or her mind about the potential investment. A regulated company must create a registration statement, which includes a prospectus, with copious amounts of information about the security, the company, the business, including audited financial statements. + +Next, the subsequent selling and trading in these securities is regulated, by restricting trade to market places over which the regulator has oversight. The Security Exchange Act section §78l(a) states: + +*“It shall be unlawful for any member, broker, or dealer to effect any transaction in any security (other than an exempted security) on a national securities exchange unless a registration is effective as to such security for such exchange in accordance with the provisions of this chapter and the rules and regulations thereunder.”* (17) + +&#x200B; + +## Summary of Securities Regulations: + +* Crypto projects will need to be regulated and provide clear financial information for investors to make an informed decision. +* Trading of securities will generally take place on regulated exchanges. +* Any new fundraising or capital formation activity (including ICOs) are likely to be securities. +* When a crypto is regulated as a security, the entire coin is subject to strict regulations. In the case of commodities, only specific use cases (futures) are regulated. It is a big difference. +* US Congress is taking a leap of faith. It needs identifiable persons to enforce a law upon. Who is going to be held accountable in a decentralized network? Many issuing companies have handed control over to network participants. Perhaps for this reason, Section 12(g) of the Securities Exchange Act of 1934 will be amended to allow the issuer to apply for “desecuritization.” (18) The question remains: who will apply for desecuritization once a network is decentralized? The investors? Weren’t they the ones supposed to be protected in the first place? + +&#x200B; + +## <Changing the Nature of Money_ + +These regulations are not just about crypto. It is clearly part of a wider discussion on the future of money. As shown below, this bill not only changes the definition of money in the US, but also changes how money is created! + +As a first, in Section 5312(a)(3)(B) of title 31, US Code (Money and Finance) digital assets are included as a monetary instrument.(19) However, Section 5103, of title 31, US Code will be amended to specifically exclude digital assets and digital asset securities as legal tender.(20) And finally, it is determined that digital assets and digital asset securities will not be covered by Federal Deposit Insurance (FDIC or NCUA).(21) + +&#x200B; + +## Introducing the Digital USD (or Central Bank Digital Currency/CBDC) + +After slamming the door on digital assets to be used as lawful money, the Federal Reserve Act is amended to provide the Federal Reserve Board with far reaching new powers; section 11 will be amended to say: + +*“(d) To supervise and regulate through the Secretary of the Treasury the issue and retirement of Federal Reserve notes (****both physical and digital****), except for the cancellation and destruction, and accounting with respect to such cancellation and destruction, of notes unfit for circulation, and to prescribe rules and regulations (****including appropriate technology****) under which such notes may be delivered by the Secretary of the Treasury to the Federal Reserve agents applying therefor.”* (22) + +In addition, Federal Reserve notes will in the future also be issued digitally; an amendment to section 16 confirms this: + +*“Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. Notwithstanding any other provision of law, the Board of Governors of the Federal Reserve System is* ***authorized to issue digital versions of Federal reserve notes in addition*** *to current physical Federal reserve notes. Further, the Board of Governors of the Federal Reserve System, after consultation with the Secretary of the Treasury, is* ***authorized to use distributed ledger technology for the creation, distribution and*** ***recordation of all transactions*** *involving digital Federal reserve notes. The said notes shall be obligations of the United States and shall be considered legal tender and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.”* (23) + +&#x200B; + +## Interpretations on the Future of Money: + +* The door is shut for the use of cryptos as legal tender. +* The Federal Reserve Board is to be authorized to create and distribute a ledger-based Federal reserve note that could be used for everyday transactions in USD. +* Digital federal reserve notes will make the “recordation” of all transactions possible. Did they use this word because “monitoring all transactions” would be too obvious? Recording all transactions without anyone looking at them makes no sense. +* These amendments significantly increase the power of the Federal Reserve. Contrary to what is widely understood, the Fed does not “print money.” It can only manage the money supply indirectly.(24) The private sector “creates” most of what we use as money by issuing credit. It is with the supply of credit by the private banks that the monetary supply is inflated. Conversely, with the reduced demand for credit, the money supply deflates. The Fed is not as powerful as it wants the market to believe, and the Federal Reserve Act restricts a lot of its actions. This amendment, however, could drastically expand the authority of the Fed, by allowing them to create and distribute a “digital USD” directly. It could change the entire structure of the financial system and potentially have far reaching consequences. +* The original idea behind the Federal Reserve was for private bank deposits to be combined to provide an emergency line of credit in times of economic stress.(25) But if the Digital Dollar is based on a blockchain, how can it also be based on reserves? And what mechanism will determine how funds (and how much) are added to the economy? And where and how will they be distributed? What about privacy and security? Will all this authority be handed over to a board of seven unelected bureaucrats? This amendment has the potential to change the way the Federal Reserve operates. This deserves a wider discussion by economists and financial experts outside the crypto-space as well. + +&#x200B; + +## <International FATF Crypto Regulation Introduced in the US_ + +Those paying attention to international anti-money laundering legislation know that the following sections from the Digital Asset Bill originate from guidance issued by the FATF (Financial Action Task Force). FATF is an intra-governmental organization [creating financial legislation](https://decentralizedlegalsystem.com/fatf-bitcoin-regulations-summary/). + +In March, the Paris based FATF issued draft guidance(26) (“FATF Guidance”) on a number of topics. And even though this guidance hasn’t been finalized, there are already a number of points directly included in the Digital Asset Bill. + +&#x200B; + +## Banning the use of Stablecoins + +Subchapter I of chapter 51 of subtitle IV of title 31, United States Code, department of treasury regulation, will be amended, to read as follows: + +*“(a) IN GENERAL.—Beginning on the date of the enactment of this section,* ***no person may issue, use, or permit to be used a digital asset fiat-based stablecoin*** *that is not approved by the Secretary of the Treasury under subsection (b).”*(27) + +&#x200B; + +## Criminalizing the use of privacy coins and anonymizing services (mixers, coinjoins) + +The bank secrecy act is going to be amended to sanction the use of anonymity-enhanced convertible virtual currencies and anonymizing services.(28) It is worth noting that willful violations of the bank secrecy act could give rise to a fine of not more than $250,000, or imprisoned for not more than five years, or both.(29) + +&#x200B; + +## Introduction of the term Virtual Asset Service Provide (VASP) into US Law + +Next, the term Virtual Asset will be introduced into Section 5312(a) of title 31, United States Code. A Virtual Asset can be a digital asset, or *“a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes;”*(30) + +So far we have seen a number of definitions. To understand their relationship, the following image was made based on the definition of Virtual Asset according to Section 5312(a) of title 31, United States Code:(31) + +&#x200B; + +https://preview.redd.it/buzs5az1dro71.png?width=502&format=png&auto=webp&s=5b1726f091d09a7749d85d8e44af6ea8f5e45b7d + +&#x200B; + +Virtual Asset is a broad definition; it covers most activities involving cryptos. We can see in the Digital Asset Bill that entities that are facilitating transactions in Virtual Assets are to be called “virtual asset service providers,” or VASPS. Sec 301 of the Digital Asset Bill defines a VASP: + +*“(A) means a person who—* + +*(i) exchanges between digital asset and fiat currencies* + +*(ii) exchanges between digital assets;* + +*(iii) transfers of digital assets;* + +*(iv) is responsible for the custody, safekeeping of a digital asset or an instrument that enables control over a digital asset;* + +*(v) issues or has the authority to redeem a digital asset; and* + +*(vi) provides financial services related to the offer or sale of a digital asset by a person who issues such digital asset; and* + +*(B) does not include any person who—* + +*(i) obtains a digital asset to purchase goods or services for themself;* + +*(ii) provides communication service or network access services used by a money transmitter; or* + +*(iii) develops, creates, or disseminates software designed to be used to issue a digital asset or facilitate financial activities associated with a digital asset.”* (32) + +This definition comes directly from the FATF Guidance, with the only difference being that the US excludes the exchange between different forms of one virtual assets. On the other hand, section (v) is a new addition. + +&#x200B; + +## The Big Picture: Global Regulation + +The logic behind this seems to be to first introduce a high-level definition (including coins regulated as commodities, securities, and everything in between). Next, any future global restrictions on the wider crypto-space can be applied at this level. + +From the latest FATF Guidance, a number of possible additional restrictions can already be deducted. Things to look out for are the restriction of the use of “unhosted wallets,” the introduction of the “travel rule,” labeling those who engage in peer-to-peer transactions as a risk, and a whole host of other measures. (33) + +One additional aspect of VASP regulation mentioned in the FATF Guidance is also included in the Digital Asset Bill; VASPS engaged in services which are available in the United States and to United States persons, have to be regulated in the United States, even if the provider is located outside the United States. (34) + +## Interpretation International Regulation in the US: + +* International AML legislation, created by Paris-based FATF, is being introduced in the US. +* The FATF term “virtual asset service provider” (VASP) is introduced in the US. The definition is so broad that it covers practically all crypto projects. +* After first being in the FATF Guidance, the banning of stablecoins and anonymity-enhanced cryptos and the obligation for VASPs to be licensed in the country of their clients are included in the Digital Asset Bill. +* It is not hard to imagine that other restrictions for cryptos currently discussed by FATF, such as the travel rule and restricting unhosted wallets, will be introduced next. This is not a regulation you introduce to then never use. +* All VASPs with operating in the US or with US clients need to be regulated in the US. + +&#x200B; + +## <Amendments in the Infrastructure Bill_ + +Last August saw public outcry over the US Infrastructure bill. It included a section on IRS reporting for crypto. Some highlights: + +## Clarification of Definition of Broker + +It makes sense that the tax authorities use a wide definition to cover all possible economic activities in crypto. Section 80603 of the Infrastructure Bill amendments the Internal Revenue Code of 1986, provides that brokers need to report the activity of their clients to the IRS and adds the following to the definition of broker: + +*“(D) any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.”* (35) + +## Reporting of Digital Assets + +In addition, a unique wide definition of digital assets is added: + +*“any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the Secretary.”* (36) + +## Effective Date + +Effective after December 31, 2023. + +&#x200B; + +## Interpretation Infrastructure Bill + +Commotion about this bill was mainly due to the wide definitions used, which could cover all activities in the crypto space, including mining. In response, according to an article on Bloomberg, the U.S. treasury will shortly issue additional guidance, along the lines of the following: + +*“Other firms key to the nearly $2 trillion crypto market — from developers and miners to hardware and software providers — won’t have any new requirements, so long as they don’t also act as brokers, according to a Treasury official”* (37) + +At a glance, it appears that this bill is not as invasive as originally feared. It would also be impossible to enforce this legislation on miners due to the nature of the technology. + +In this case perhaps it would have been better if clear definitions were used of what is, and isn’t included. Moreover, comments from “anonymous sources at the treasury” do not provide real regulatory clarity. This industry too easily accepts the opinions of officials as decree. But we are all, including officials, subject to the law. Given that officials change over time, opinions and guidance are not the way forward; clear laws are needed. + +# <Sources_ + +I added all 37 footnotes here, but the post become to long to post. For those who wish to check the footnotes, they can be found here: + +[https://decentralizedlegalsystem.com/wp-content/uploads/2021/09/Review-US-Digital-Asset-Regulation-September-2021.pdf](https://decentralizedlegalsystem.com/wp-content/uploads/2021/09/Review-US-Digital-Asset-Regulation-September-2021.pdf) + +&#x200B; + +Infrastructure Bill, [https://www.congress.gov/bill/117th-congress/house-bill/3684/](https://www.congress.gov/bill/117th-congress/house-bill/3684/) + +Digital Asset Bill, [https://www.congress.gov/bill/117th-congress/house-bill/4741/](https://www.congress.gov/bill/117th-congress/house-bill/4741/) + +&#x200B; + +&#x200B; + +# <TL;DR_ + +**Next to the infrastructure bill, a new bill was introduced in US Congress: the “Digital Asset Market Structure and Investor Protection Act.” It is not law yet, could still be amended, and if it ever comes into effect it will likely not be this year/cycle. What it says:** + +**Bitcoin, Ether, and their hard-forks, are to be regulated as commodities. Smart-contracts taking longer to deliver than 24 hours are considered futures contracts and regulated as such.** + +**Every other project and future ICO is potentially a security; guidance will be issued by CFTC/SEC. Issuers of securities are likely required to provide transparency and financial information to investors. Trade is generally restricted to regulated exchanges.** + +**In addition, international anti-money laundering legislation is introduced in the US; (unauthorized) Stablecoins, privacycoins, and mixers are to be prohibited. The high-level term VASP is introduced for almost all crypto projects, possibly to facilitate more future regulations.** + +**Finally, the Federal Reserve gets shocking new powers to create and distribute a central bank digital currency (CBDC), of which all transactions are recorded.** + +&#x200B; + +Edit 1: added links to the two bills + +Edit 2: added "(unauthorized)" to tld + +Edit 3: Folks concerned should focus on the bill’s sponsor Rep. Don Beyer of Virginia, as well as the leaders, members and official feeds (website, Twitter, etc) of the committees involved. + +Apes together strong, yes, but apes are not a cult, and shouldn't encourage or build echo chambers. + +The excitement must be based on peer-reviewed research: someone posts something, we chime in on what we think about its implications, and the most comprehensive objections or inconsistencies are then taken into account by the next post. By this process, average DD keeps rising in quality, because it stands on the shoulders of taller and taller giants. It's not a coincidence many feel they've gotten a college-level education on the stock market this year; peer review and collaboration is the cornerstone of any and all higher education worth having. "Buy and hold", for example, is our core strategy only because we've seen and read enough high-quality DD to assure us the squeeze is almost inevitable; without that, many of us would be day-trading GME, and the MOASS would be a dream lost. + +So if you have doubts, or interpret the data differently, say so. As long as they're clearly informed by a wrinkly brain that's taken time to try to understand the situation, I don't think any reasonable person can treat it as FUD. The more of us can grasp the situation by ourselves, the stronger our offense is. Panic selling isn't viable for the shorters if no one's panicking, and a well-informed ape who's willing to revisit basic principles of their thinking doesn't scare. + +*Echo chambers* punish dissent, because they seek to protect their ballooning fantasies from implosion. + +*Communities* analyze dissent, because they seek to improve their knowledge and inform their actions. + +As u/rensole keeps telling us, be excellent to each other. Encourage peer review. It's good for you. +Dow Jones industrial average posted its strongest quarter since 1987 after surging 17.8% in the past three months. S&P 500 soared nearly 20% in the second quarter, its best quarterly gain since 1998 and finally, Nasdaq Composite rallied 30.6% in the second quarter, its best such period since 1999. + +[https://www.usatoday.com/story/money/2020/06/30/dow-stocks-track-best-quarter-decades/3284359001/](https://www.usatoday.com/story/money/2020/06/30/dow-stocks-track-best-quarter-decades/3284359001/) +There are 46.89 million floating shares of GME available on the market. If the price per share hits $69,420, that’s a total value of $3,255,103,800,000, roughly all hedge fund assets as of 2019/2020. + +We’re living in a simulation + +Numbers are from: +https://finance.yahoo.com/quote/GME/key-statistics/ +https://www.investopedia.com/articles/investing/102113/what-are-hedge-funds.asp + + +(I am not a professional, this is not advice, do your own research, and invest at your own risk.) + + +TLDR: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I don't usually promote any tokens, because they don't have a use-case. But I found a presale yesterday that is live right now. It was very interesting, they have a token that actually can never die because they will have unlimited funds to fund marketing. Basically, their protocol distributes **7%** to the liquidity pool which is INSANE and sends **3%** to a marketing wallet. You might ask yourself well we don't get anything from it? Well u actually do the more funds they have to market the more **PRICE will RISE**. I just bought the presale and wanted to let you guys know. + +**This is not financial advice you should always do your own research.** + +Also they will burn the leftover tokens 20% today and 50% tomorrow. That's a total burn of **70%** + +I know this might sound weird but you should always invest a small % of your portfolio. Everything seems legit to me. **Their Liquidity is locked till 2100.** + +**Contract ownership should be renounced tomorrow or today** + +**If you have a chance u can still get in the presale:** + +[https://dxsale.app/app/pages/defipresale?saleID=2625&chain=BSC](https://dxsale.app/app/pages/defipresale?saleID=2625&chain=BSC) +This is their telegram: [https://t.me/StarCashCrypto](https://t.me/StarCashCrypto) + +Website: [https://starcashcrypto.com/](https://starcashcrypto.com/) + +For **block explorer** etc, you can find that on DXSALE. + +I'll update you guys daily with how it's going, I'm looking forward to this! +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! + +With the crazy btc run (eth’s too), it has me wondering if eth could reach this value within 5 years. While this is obviously unknown, given what you do know, are you confident this is a realistic *possibility*? Been on board since March and hodling for dear life. +I started drinking at a very young age. Older brother and sister type deal. At 17 a graduated early and after I turned 18 I immediately enlisted in to the Marines(2008.) For those that don't know the Marine Corps was literally born in a bar in 1775. We take that shit to heart too. My drinking got heavier and has costed me a few friendships and relationships along the way. Last year I was getting bad. My girlfriend who I plan on marrying was started to get over it. We talked about me quitting for this whole year. I even did sober November which was extremely hard for me but as a Marine I'm always up for a challenge. Anyways Friday night was my last drink. I don't plan on quitting forever but for a good long while. Until MOASS I vow to not drink again. After seeing all y'all quit cigarettes and drinking and losing weight to even those eating Ramen nightly. I see you empty fridge guy and you're not alone. So I wanna just say thank you to everyone of you apes that have been in here spreading positivity to one another. It's hasn't gone unnoticed. Before we change the world we gotta change ourselves. I believe we will make this world a better place when this is all said and done. This isn't gonna be easy for me. But if y'all can do it so can I. So cheers and I hope everyone has another kickass year of hodling our favorite stock. Semper Fi +&#x200B; + +[Banner submission by u\/CHMan\_Prive](https://preview.redd.it/h7q36fgdf8x61.png?width=1920&format=png&auto=webp&s=e91bc24c211f1077bd084b9ebd3361e75e3f83a5) + +# Good Morning Superstonk!!! + +&#x200B; + +**HAPPY CINCO DE MAYO!🎉🎉 This is the güey 🚀🚀** + +# + +# [It's AMA day today!!](https://youtu.be/AYct0XX0uTU) Don't forget to tune in at 3pm Eastern for Dave Lauer and u/Jsmar18! + +&#x200B; + +# CHEERS TO 250,000 MEMBERS!! 🎉🍾🥂🚀🚀🚀 + +&#x200B; + +[He said HODL](https://preview.redd.it/py4lvuwgf8x61.png?width=840&format=png&auto=webp&s=1ab6d670da4ef69e007e142f297749f1966b67b6) + +# [HYPEHYPEHYPEHYPEHYPEHYPEHYPEHYPE](https://www.reddit.com/r/Superstonk/comments/mzya83/me_n_the_boys_vibin_to_this_every_time_gme_spikes/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Breaking News 🚨[SEC has no objections to NSCC-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801) + +All we are waiting for now is NSCC-002, which should go into effect no later than 5/8 (5/7 because of the weekend). + +What does that mean? + +It means theoretically 002 could go into effect as soon as today, but I wouldn't plan on it. + +But soon moon 🚀🚀🌝 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢More on today's Big Wrinkly Brain AMA with Dave Lauer and u/Jsmar18, intro by u/Bye_Triangle + +**Here we go Apes... It's time for some big-brained learning** + +&#x200B; + +[Big brain time 🧠](https://preview.redd.it/fbib424lf8x61.png?width=880&format=png&auto=webp&s=db2c89c91134dd77319a1d58d3cdaf57c1486a15) + +If you don't already know, we have a very exciting guest with us today, [David Lauer](https://www.youtube.com/watch?v=itxbyXO67XY) is joining us for our second edition of [r/SuperStonk Live](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA). If you aren't familiar with David Lauer here is a quick rundown: + +David Lauer used to build the very High-Frequency Trading systems used everywhere in the markets today. If anyone knows the ins and outs of these low latency trading systems, it's this guy. Following his time building these systems he went on to be the one to operate them. + +Lauer took on the role of High-Frequency Trader at none other than Citadel. (Obviously, he will not be on to talk about any sensitive information, please keep that in mind). Following his tenure with Citadel, he went on to another company, Allston Trading where he also worked as a High-Frequency Trader. So there is no question that his experience in this field will provide us with some very valuable insight. After a bit more than a year of High-Frequency Trading, Lauer had the life-changing realization that HFT systems do more harm than good to our capital markets. + +Since then, he has worked tirelessly to help improve the situation, even testifying before the US Senate. So, if there was any doubt, this guy is on the same side as us. That is to say, we share a common goal, improvement in the quality of our markets. David Lauer currently has a seat on the FINRA Market Regulation Committee and on the founding editorial board of the Journal of AI and Ethics. + +**So, now that you are caught up... ARE YOU AS HYPED AS I AM?! We are going to earn so many real wrinkles today, my fellow apes, The only thing the hedgies hate more than us buying and holding, is us Buying, Holding, and Learning. No more can they call us "Dumb Money".** + +# So, without further delay, [Here is the link to the AMA](https://youtu.be/AYct0XX0uTU)!!! + +# It starts at 3:00 pm eastern time, just like the last one. So set your alarms folks. Also, Pink had the genius idea to include a timezone converter last time so here is [that](https://www.thetimezoneconverter.com/) because timezones are confusing 😵😵 + +# Back to you, u/PinkCatsOnAcid! 🦄🐱‍🚀 + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Heckin low volume yesterday + +If liquidity isn't an issue, then why was volume as low as the 100s yesterday? (Yes, 3 digits) [Some level 2 data even showing 1 min candles with literally 0 volume.](https://www.reddit.com/r/Superstonk/comments/n4t1mb/we_just_had_two_1_min_candles_with_0_volume_in/?utm_source=share&utm_medium=web2x&context=3) I saw it said that it's like waiting for the last few kernels of popcorn to pop before enjoying your snack. 🍿 Everyone knows people around the world are buying and not selling because Gamestop is an awesome company with a bright future. Man I love this stock!!! 💎💅🚀🐱‍🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 BANK OF AMERICA HEDGE FUND SELLING AT EXTREME LEVELS 🚨 This is not a drill!! Main Stream Media is reporting! + +&#x200B; + +[Why collect so much cash, BofA? Is for me? 👉👈](https://preview.redd.it/5yu2qh6of8x61.png?width=3807&format=png&auto=webp&s=415d660a29c1bf4dc2edd2dfd56d3b5e90e596f2) + +Don't get too excited about all the sudden influx of cash though. It's probably headed to [the Cayman Islands](https://www.reddit.com/r/Superstonk/comments/n4sbhz/omg_wtf_did_shitadel_register_something_in_the/?utm_source=share&utm_medium=web2x&context=3) or [tied up in a divorce.](https://www.reddit.com/r/Superstonk/comments/n487aq/in_relation_to_bill_gates_getting_divorced/?utm_source=share&utm_medium=web2x&context=3) 🤷‍♀️ (<<<Total speculation) + +Basically Bank of America Hedge Fund liquidated everything in their holdings that wasn't Real Estate or Health Care. + +[**Here is a free Bloomberg article that (kinda) explains**](https://www.bloomberg.com/news/articles/2021-05-04/stock-winners-fall-in-latest-selloff-sparked-by-inflation-fears)**.** + +What does this have to do with GME? Ooooh IDK... + +# Maybe because BofA Securities is one of the clearing brokers for Citadel + +[Look at all the canaries in this coalmine! ](https://preview.redd.it/dug57v8wo8x61.png?width=711&format=png&auto=webp&s=562323da95cfa2a511909364e2acacda9bdda709) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Russel 2000 is Bleeding + +[The whole Russel 2000 index was red yesterday](https://preview.redd.it/fiixklfvn8x61.png?width=1011&format=png&auto=webp&s=058ba9184df4d024e3d21d0e8f9824e8913233af) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Who wants to beat the NASDAQ High Score? + +# ⬆️⬆️⬇️⬇️⬅️➡️⬅️➡️🅱️🅰️▶️ + +&#x200B; + +**Apparently the highest number the NASDAQ can currently handle is $429,496.7295** + +&#x200B; + +# 🕹🎮NASDAQ HIGH SCORE 🕹🎮 + +|Score|Ticker|Date| +|:-|:-|:-| +|**$429,496.7295**|TBD|?| +|**$421,000**|BRK.A|05-04-2021| + +420k 😛 + +&#x200B; + +[New high score, anyone?](https://preview.redd.it/k6zbwil0g8x61.png?width=816&format=png&auto=webp&s=e31e3b26cbaf1a4b176715ee5f7970d2fc329273) + +It appears the NASDAQ is upgrading (to accommodate more zeroes presumably **\[̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅\]** ) and should be done by the end of the month. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [We own the float](https://www.reddit.com/r/Superstonk/comments/n4uw04/my_phone_call_with_fidelity_500k_transfers_from/?utm_source=share&utm_medium=web2x&context=3) 💯+ + +&#x200B; + +**SAY IT 1 MORE TIME 📢** + +&#x200B; + +# [Retail Owns the Float](https://www.reddit.com/r/Superstonk/comments/n4lwj2/andy_lee_says_brokers_in_asia_are_unable_to/?utm_source=share&utm_medium=web2x&context=3) 💯+ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VIP (Very Important Post) from Dennis Kelleher himself- A must read before this Thursday's hearing + +# [Read the post here](https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing_short_selling_fact_sheet_early_just_for/?utm_source=share&utm_medium=web2x&context=3)and give @ BetterMarkets a follow on Twitter! + +**Dont Forget This Thursday: The US House Committee on Financial Services Hearing Date set for Thursday May 6, 2021 at 12:00 EasternTitle: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III** + +**The Financial Services committee announced they will be holding** [**Part 3 of their Gamestop hearings**](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) **this Thursday.** + +Witnesses include DTCC, FINRA, and Gary Gensler (SEC). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DON'T FORGET TO VOTE! + +[For the sake of space, I will just link the daily DD from yesterday and encourage you to read up and get proactive if you have not yet received your control number and voted!](https://www.reddit.com/r/Superstonk/comments/n4l233/tuesday_superstonk_daily_dd_05042021_surprise/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Good Vibes from Pink Cat ☮✌💖🚀🌝🐈 + +I really do love each and every one of you apes. I want you to take care of yourselves on this trip in our favorite rocketship. Take your protein pills and put your helmet on.🐱‍🚀 + +**Don't gamble more than you can afford to lose. Make sure GME isn't your life plan. Eat as healthy as you can afford. Drink lots of water. Get a little sunshine every day. Hug your family, your pets, or your GME extra tight every day. And make love, not war. ✌💖🦄🐈** + +&#x200B; + +https://preview.redd.it/pzai3154g8x61.png?width=554&format=png&auto=webp&s=9be88ef00dd0b67dc015f38769291fe7da2430cd + +**Be excellent to each other!!!** + +Be friendly, help others! + +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, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +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. + +&#x200B; + +[Toot Toot MotherFUDers!](https://preview.redd.it/utoxdrn5g8x61.jpg?width=513&format=pjpg&auto=webp&s=6106be6beefda38a9221912db5171266c1ae3bf4) + +# By the way, Reddit was down yesterday. Just like it was on January 27. And in February. And March....... + +# In the event of another Reddit blackout, please follow our socials on Twitter and don't forget the Superstonk Live YouTube + +&#x200B; + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +**Please note we do not have a Superstonk discord at this time!** +It seems like everybody agrees that a crash is coming, but the advice I read is to not sell and to hold for the long run, Bob-style. Why not sell now and buy it back in a bit and still hold for the long run if everything is pointing towards a huge dip? Yes, I know very little about how this works. +I've always been told when job hunting to look for benefits package, not just the salary. I know health insurance (and vision/dental) are not the only aspects of a benefits package, but they're a major one. Would the view just skew more towards salary? And would salaries overall increase since they're not paying for employees' healthcare anymore? +Just to let ya’ll know, if you started working from home and isn’t really driving your car that often due to the Coronavirus outbreak and social distancing, you can actually call your auto insurance provider and request a lower premium for the duration of the situation because commuting distance is a factor that affects your premium. +I called today and lowered my monthly bill by 30 bucks in two minutes, definitely worth a try if you wanna save some money! + +Edit: Remember to change it back when things go back to normal. + +Edit: I use Geico insurance in Texas, results may vary depending on insurance company and state +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 was originally posted by u/ajudgycat, but he doesn't have the requirements to post here. But this information NEEDS to get out. So reposting here for him. + +\------- + +A couple days ago Boston Consulting Group sued GameStop for $30 Million over unpaid consulting fees and Ryan Cohen just fired off with a tweet. In some of the replies, eagle-eyed apes have been posted pages of LinkedIn screenshots of people who worked at or still works for both Shitadel and BCG. Whoa, sus, but what do you expect and if you come back to reddit, there are a bunch of posts already about the ties. + +I then started chatting with a buddy, who reminded me that BBBY also used BCG and wondered if something similar happened with Sears. This is when we started Googling BCG and failed/failing companies to see if there were any connections. They seem to have hired from the BCG pool. Anyone else want to help dig further beyond this very initial and unanalyzed attempt?? + + +**Sears:** + + +* [https://transformco.com/press-releases/pr/1959](https://transformco.com/press-releases/pr/1959) +* [https://www.bizjournals.com/chicago/news/2013/09/24/sears-canada-ceo-resigns.html](https://www.bizjournals.com/chicago/news/2013/09/24/sears-canada-ceo-resigns.html) + +**Toys R Us:** + + +* [https://www.case48.com/bcg-matrix/12847-Toys-R-Us](https://www.case48.com/bcg-matrix/12847-Toys-R-Us) + +**Circuit City:** + + +* [https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49](https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49) + +**JC Penney:** + + +* [https://chainstoreage.com/jc-penney-makes-key-hire](https://chainstoreage.com/jc-penney-makes-key-hire) +* [https://www.businesswire.com/news/home/20220111005582/en/JCPenney-Taps-New-Executives-to-Lead-Technology-and-Digital-Organizations](https://www.businesswire.com/news/home/20220111005582/en/JCPenney-Taps-New-Executives-to-Lead-Technology-and-Digital-Organizations) +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👍 +# Why the market is rising in the early cycle of a pandemic + +It really bothers me when I don’t understand something; what drives me insane is when something happens that is the exact opposite of what I think should be happening.  The current divergence between the US stock market and the economy is one such conundrum. Judging by the conversations I’ve been having lately with some really smart people, it feels like I’m not the only one. + +Why is the market rising? + +Yesterday I had some really cool conversations with Arvind Ravishunkar and Craig Weinstein that brought us to a potential answer; one that now makes me think that what is happening is actually rational.  I have no idea if our theories are correct; I just thought they were interesting enough to write it down and share it and potentially get a discussion going. + +These are just ideas that I hope help any of you as it helped me. + +So, what’s actually going on?  The US equities market S&P500 index hit a closing high on February 19th 2020 of 3,386.15.  At one point on March 23rd, it had dropped to 2237. Why did the market drop so far so quickly? I believe it was because the shutdown of the world economy, and specifically the US economy, put the possibilities of mass bankruptcies on the table due to a potential liquidity crisis. This realization that the equity value of billion dollar companies across industries in oil and gas, retail, banking, and many others could go to zero in a matter of weeks led to an unprecedented flight from the stocks of these companies.  It made total sense why investors were scared. Most enterprise companies in the S&P500 require continuous liquidity, I.e. access to short term debt, to run day to day operations. If demand-side shocks cause revenue to go close to zero (stay-at-home orders), then they would need access to cash fast to cover fixed expenses, debt payments, and critical operational expenses. The amount of cash available through traditional bank and debt (bond) channels would be unable to serve the trillions needed, which means these enterprise companies would be out of business due to the lack of oxygen (cash).   + +That’s when the FED did something even more unprecedented than the pandemic itself, they came out and provided huge amounts (trillions) of liquidity, and essentially bankrolled the economy at a scale that has never been done before.  They also didn’t discriminate, and decided to provide liquidity to everyone that could have a contagion impact; banks, mortgage backed securities, high grade corporate debt, low grade corporate debt, and Main Street lending. The low grade corporate debt was the real signal that no matter what happens the Federal reserve would allow no company to fail due to lack of liquidity.  It was with this statement, that no company would fail due to lack of liquidity, that made the market make the following statement. + +“With bankruptcies off the table, and the Fed showing an unlimited appetite to provide liquidity for an undetermined amount of time, then investors could take a longer look out at the economy, potentially even 18 months out, and take the chance that most companies will be around to service demand when it returns in mid 2021.” + +Essentially, the market is willing to dismiss the earnings of the next 12 months, and look at earnings 18-24 months out. Since there seems to be no short term impact to an eventual 10-15 Trillion Fed balance sheet, it made more sense to park money in equities than it was to put money into short and long term debt that will average a 1% return.  This happened even though the Feds actions are deflationary, because it keeps supply (businesses producing more) at a growth level higher than demand (consumers who want to spend).  + +At the same time, the Fed also bought up the debt of the US Government, ensuring that interest rates remain close to zero so that the US government can continue to service its own increasing deficit, and increased dollar-swap lines so emerging markets could do the same. + +So what are the risks that could drive the US equity market down from here? + +1. Any uncertainty that the Fed has changed its position and that unlimited liquidity is off the table.  That would mean that debt liquidity could evaporate, leaving companies back to going to zero. +2. That the only market bigger than the debt market, the FX market, changes direction and decides that they don’t want to service their debt in dollars, and the counter parties agree. Then the Fed would lose control of interest rates, as the demand for dollars plummets, forcing an increase in interest rates to raise the demand for dollars. +3. Demand (from consumers) remains structurally depressed past 12 months. + +\#3 is really interesting here, because I think #1 and #2 have a low probability.  During an election year, there is no way Trump will turn off the debt spigot, and if Biden wins, he wont have the political capital to do it either.  For #2, I think this **will** happen, but closer to 2026, when debt levels accelerate worldwide towards 1000% of GDP (rather than the 300-600% it is today). + +So if #3 happens, I think the Fed will move directly to lending to the consumer.  Opening up term loans to consumers would of course put all banks out of business, so they would do this by buying consumer debt directly from the banks.  This would drive the cost (interest rate) of revolving credit down to the single digits, allowing consumers to load up on debt faster than ever before, spurring an unprecedented period of growth.  It is this that will eventually lead to scenario #2, because as the world debts level topple themselves over, they will have no choice but to abandon their dollar-denominated debt, which then would contagion into hyperinflation into the USA, which the Fed would be powerless to stop. + +So, that’s what we’ve come up with.  It is perfectly rational for the US equity market to rise because of the fact that the market has a) no place to earn a higher return to put trillions of investable cash to work and b) the feds actions have taken the risk to zero off the table, allowing investors the ability to ignore the next 12 months and focus on the next 18-24 months, keeping businesses afloat while demand has time to come back to February 2020 levels. +Final Edit (4): + +Once again thanks so much for the interactions and awards! + +If I reminded even one of my fellow apes to vote on time, I’m super happy. 😁 + +If you’re with eToro and missed the 18:00 GMT deadline, it might still be worth trying. (Nothing ventured…) + +If you still have the opportunity to vote through other brokers I encourage you to exercise your voting rights promptly. + + +Thanks for your attention! + +Enjoy the rest of your Sunday/Monday! + +I’ll end this PSA with a classic: + +https://www.reddit.com/r/GME/comments/lt18i7/dont_let_this_die_we_need_this_level_of_hype/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +See ya on the moon! 🚀🚀🚀🌖 🦍🦧🐒💪🤝💎🤲 + +🥳✌️❤️ + +———————- + + +TLDR (Edit 3): Just over 1 HOUR LEFT (@16:53 GMT) for eToro Apes to proxy vote. (Deadline 18:00 GMT). Check your email inbox/spam for the proxy email. Don’t lose your vote🗳 . You know what to do ✅🦍💪🤝: + +https://www.reddit.com/user/Aggravating_Net_4357/comments/ntkqc5/1800_gmt_etoro_deadline_for_proxy_voting/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +——- + + +Vote by proxy by 18:00 GMT today and then pick up your !apevote! flair. + +Vote now to avoid disappointment! + +If you held $GME stock on 15 April, you’ll have received an email from eToro on voting late last month. If you can’t find it or it’s not in your spam folder, contact eToro. + + + +Trading 212 Apes: You can vote now too. + +Log in to your account and you should see a pop up prompt box, where you can submit your vote. + + + +The Proxy Statement concludes: + +“STOCKHOLDERS ARE URGED TO SUBMIT THEIR BLUE PROXY CARDS WITHOUT DELAY. A PROMPT RESPONSE WILL BE GREATLY APPRECIATED.” + +Help the vote counting machine go BBBBRRrrrrrrrrrrr! + +✌️❤️💎🤲 + + +Edit 1: + +Looks like we’ve got some major voting going on today! +Many thanks to each of the awarders too! +The biggest award is your $GME vote so that we can all go to the moon together! 🚀🥳 + +Just saw this excellent post on voting (various brokers), pinned to the top of r/Superstonk so I’ll link it here too: + +https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + + +Edit 2: + +Preempting questions around the eToro 18:00 GMT Sunday 6 June deadline for proxy voting: + +https://www.reddit.com/user/Aggravating_Net_4357/comments/ntkqc5/1800_gmt_etoro_deadline_for_proxy_voting/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf +I've been holding since the second peak of Mt. FUD in January. Catalysts came and went, and Shitadel shorted GME to hell and back, every. single. time. I said this months ago now, but I'll say it again: You almost have to give Shitadel some credit for their relentless consistency and adherence to strategy. In the light of how absolutely futile their efforts are, they are in fact, more retarded than we are. They'd gladly YOLO the entire US economy into the blackhole that is GME, if the DTCC, OCC, and so on hadn't gone "OH FUG :DDD Shitdal gone nuglear xDD" and slowly tried to cover their own asses in time. + +Now the sad thing is that Ken is probably not checking GME as feverishly as apes are. He's probably way more busy gobbling schlong on people that he needs to stay good friends with, while moving wealth into IRS havens. Shitadel's HFT is probably more or less fully automated and operated by someone else. The algo they got running doesn't care about anything, and it will just attempt to keep the price at target price while executing the daily manipulation. It's quite literally just programmed to kick the can day after day after day, no matter what. **This does not change on catalyst days, it only appears to get instructions to be way more aggressive.** Regarding catalyst / good company news days, this just seems to be the standard mode of operation. When I first began, I read comments on other investing subs that it's normal for stocks to dip after good news, decent earning reports, etc, on the reasoning that "better performance was priced in and now its correcting". Bullshit, I'm 100% convinced it's HF and Market Maker short strategy to earn money on retail investors (obviously not 100% of the time). + +But okay, so here's the point: Shitadel is not gonna let a random ass day be the reason they throw in the towel. Ken would probably use his wife as collateral at a sleazy pawnbroker run by sex starved degenerates without blinking, if he could use that money to stay in the game. They have to be forcefully liquidated by external forces putting a foot down saying enough is enough. Anything that costs them money that can be delayed, will be delayed. Anything that costs them money that can be avoided, will be avoided. They simply do not fucking care about the days we look forward to, only in the sense that have to short more aggressively. + +GOOD "NEWS": Shorting GME is extremely expensive, and the financial world is waking up to this fact now. Shitadel is, according to our DD, standing in shit to the nose and the rate of change in daily GME costs is increasing EXPONENTIALLY FOR THEM. The only way to avoid paying back a loan, is to take out a larger loan and use that to pay off the original loan. Every loan that they cannot pay back, they either let eat at their finances, or they cover it with a larger loan until that one also begins eating away. This exponential behavior is slow, initially, but eventually the rate of change will be so fast that Ken will not be able to blink as fast as the zeros adding onto the % change. It's entirely possible that Shitadel could have some last hail mary (oh how many times I've heard this one too) stored away for such an occasion, but as always, they are fuk if retail does not sell. You mostly likely won't have to wait years for this. + +TA;DR: Shitadel doesn't care about catalysts like the shareholder meeting. They won't stop until forced by others to stop, which will happen because it's very expensive to short GME. +https://www.economist.com/briefing/2019/10/05/the-stockmarket-is-now-run-by-computers-algorithms-and-passive-managers + +Unfortunately behind a paid wall but if you click through and hit ESC (on desktop) you can fully load it. + +> According to Deutsche Bank, 90% of equity-futures trades and 80% of cash-equity trades are executed by algorithms without any human input. + +> Each day around 7bn shares worth $320bn change hands on America’s stockmarket. Much of that volume is high-frequency trading, in which stocks are flipped at speed in order to capture fleeting gains. High-frequency traders, acting as middlemen, are involved in half of the daily trading volumes. Even excluding traders, though, and looking just at investors, rules-based investors now make the majority of trades. + +> Three years ago quant funds became the largest source of institutional trading volume in the American stockmarket (see chart 2). They account for 36% of institutional volume so far this year, up from just 18% in 2010, according to the Tabb Group. Just 10% of institutional trading is done by traditional equity fund managers, says Dubravko Lakos-Bujas of JPMorgan Chase. + +Basically the article argues that market investing can be compared to a skill like chess, where basic computers are better than history's best chessplayers, and computers don't bring emotion into their decisions. + +How does any human expect to outperform the market and/or computers given all this? +No worries if it's complicated, or a combination of them, I'm just having trouble disentangling exchange rates, PPP, CPI, etc. for the purposes of travelling (once this whole pandemic is over.) +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. + **TLDDDR (Too Long Dumb Dumb Didn't Read): Before market close today, the options mix conditions were primed for a significant increase in volume from hedgies hedging with small changes in the underlying price. Not sure if you saw this.... but AH exploded.... hedgies are f'd.** + +&#x200B; + + **Quick Recap - 1/5/2022 Posted Last Night** + +I've been on vacation over the holidays (Happy New Years btw!), but have been making mini posts over on my account for anyone actively looking for an update. + +[Last night, I made this post](https://www.reddit.com/user/yelyah2/comments/rx8t4c/gme_update/), which said said the following: + +"You'll notice that gme dropped past the unadjusted Delta neutral today and formed a spike. Think all indicators point towards gme dropping too low, and should bump back up. + +Also note that the DN finally leveled off, indicating hopefully the steady downward drop for the gme underlying should be bottoming out. + +The gamma max also has come down to $183, moving the goal posts lower for some squeezes!" + +&#x200B; + +[GME 8\/24\/2020 - 1\/5\/2022](https://preview.redd.it/xon9h0qhl5a81.png?width=909&format=png&auto=webp&s=3d08e982de2abd84cb484607d82f3d375d40f311) + + + +**Read Me...** + +I've been posting for awhile, but I want to make it clear what information you can (and can't) get from me and my model (mostly indirectly asking.... why are you listening to me again?): + +* I don't know everything. I'm not a professional trader. My full-time job is a mathematician / statistical model builder. + * I got bored during lockdown and needed a hobby. My husband bought me a crochet kit, and I said... meh... I'll build a trading model instead. +* My model has not been peer reviewed, and it'll stay that way because I'm giving out my baby for free to this community. It's staying proprietary for now, but I also always post assumptions / methodology and answer any questions you have about my work. I've helped some people try to build their own model to replicate my results, and I'm happy to do the same for you. +* I have backtested my indicators using various machine learning algorithms, and my side-hustle is exclusively trading options using my model. It does very well. I also often show other tickers/years for comparison in most posts. This is the only proof I can give you. +* I have lots of caveats/limitations at the bottom. Read them. +* [I don't feel like posting my methodology/assumptions in every post (plus hardly anyone ever reads them). If you're interested, they're here.](https://www.reddit.com/r/Superstonk/comments/qfeama/options_market_says_the_price_is_wrong_with_delta/) +* My indicators are based on options data, but this post is not an endorsement to buy options. Please don't drag me into whatever options drama is going on in the sub. However, you're an adult and can do whatever you want with your money (buy the stocks, buy options, I don't care), just try to be sensible and don't gamble your rent money.... + * I'll say that options are an easy way to lose a lot of money if you don't know what you're doing, and it's also an easy way to lose money if you do know what you're doing... +* I'm hoping to continue posting mini-updates on my account, [https://www.reddit.com/user/yelyah2](https://www.reddit.com/user/yelyah2), because I'm guessing if you're there, you already understand some basics about the work I'm doing. Takes a lot of time to write up these posts and field questions, which I'm happy to do, but it's also a lot easier to just update an image on my phone with a couple of notes/observations. + * Feel free to check there, or ask for a different ticker and I can post there as well along with commentary. My model runs this analysis for any optionable stock. + + + +**Graphs** + +So without further delay, here's the updated graph with data through 1/6: + +&#x200B; + +[1\/4\/2021 - 1\/6\/2022](https://preview.redd.it/r7dv5rpwn5a81.png?width=1421&format=png&auto=webp&s=c613f6147d83db9ab69844a734ff3efa4bd4f372) + + + +The primary indicators included in these graph include: + +• **Delta Neutral (DN)** \- This represents the underlying price that would create a total market delta of 0 across all options (all expiration dates) for a given date and ticker. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. This graph includes two versions: + +* **Adjusted (grey)** \- excludes strikes in the extremes which are not typically actively hedged with movements in the underlying. [Look towards the bottom of this post for more information on this adjusted version.](https://www.reddit.com/r/Superstonk/comments/rg8cbg/gme_is_testing_my_models_limits_and_im_cautiously/) +* **Unadjusted (yellow)** \- includes all strikes in the delta neutral calculation. + +• **Gamma Maximum (GM)** \- This represents the underlying price that would create the maximum gamma across the market. The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +• **Delta Sensitivity Test** \- This is basically a gamma test, but I like this view better visually with my graphs. This represents the % change in the total market delta associated with a 5% increase in the underlying stock price. Significant spikes represent unusually large hedging patterns based on the options mix, and can indicate the potential for significant buying / selling power on the underlying ticker. + +&#x200B; + + Here's a log-based 10 view on the right-hand dollar amounts, so you can see the build-up in 2020. I also scaled the sensitivity test on the left-hand side to see the full spike from last month. + +&#x200B; + +[GME 8\/24\/2021 - 1\/6\/2022](https://preview.redd.it/m1d65a0yo5a81.png?width=1421&format=png&auto=webp&s=f73e9acf65c00af4519ffb667e20fd83e5ec084e) + +Here are some key points for you: + +* [Yesterday, GME tanked below the delta neutral, and a delta sensitivity spike started forming](https://www.reddit.com/user/yelyah2/comments/rx8t4c/gme_update/?utm_source=share&utm_medium=web2x&context=3) +* Notice that the DN did not drop quickly with it, which means that the options market didn't think the drop in the stock market would hold for very long. +* Because the options mix didn't drop with the price, it created a situation where small changes in price result in much higher levels of purchasing than usual. +* As you can see above (more so in the first graph that isn't scaled for the green December 2021 monster), these delta sensitivity test peaks occur BEFORE surges, so small price increases in the underlying would get bonus volume from hedgies hedging that surge, to the tune of a 273% increase in the total market delta (i.e. stocks to hedge) with a 5% increase calculated last night. +* So for example, when GME dropped 9% this morning, my model told me this dip wouldn't hold, so I bought some $125 calls in the dip (don't drag me into a fight, I only trade options, but it's smart to stick with stocks if you don't know what you're doing. This is just to show I put my money where my model is). +* With the data processed today, even though there was a 1% increase in the underlying price, the delta sensitivity test increased to \~760%! + * Quick note - this sensitivity test assumes perfect hedging, which is totally unrealistic. Biggest take-away is that the potential hedging increase is significantly higher than it usually is. +* As of writing this.... the After Hours price is up \~32%! +* It's easiest to show my 5% sensitivity test, but it goes up to 10% (definitely not up to 30%... cause that would be crazy.... right??). However, using my 10% sensitivity test showed that a 10% increase in the underlying price would result in \~2.65m net shares would need to be purchased to perfectly hedge. + * For reference, \~1.3m would need to be hedged with 5% gain and \~500k would need to be hedged with a 2% gain. + * Imagine how many shares would need to be hedged with a 30% after hours gain?!? If we assume it's linear, then that's \~8m shares to perfectly hedge! + * Now.... hedgies don't perfectly hedge... This would be a ridiculous assumption. However! Tomorrow is Friday, and they will have to do some hedging, or there would be an unusually large settlement next week. If those aren't filled, then we get more FTD's -> FTD squeeze + * [check out u/bobsmith808 post on FTD's, cause he's the best!](https://www.reddit.com/r/Superstonk/comments/rw4769/dd_reposting_for_visibility_update_to/) + * Even if they hedge like...40% of what they're supposed to... that's like \~3.2m shares to hedge tomorrow which is is still \~40% higher than the \~2.4m 30-day average volume for GME.... just because of hedging the AH gain! + +Here's another graph I've been working on with u/zinko83, with a focus on volatility. This graph adds in the vega neutral (purple) and gamma neutral (green) to the primary axis, and uses skew/kurtosis (blue/orange) in the secondary axis. This graph is a work in progress, so looks a bit funky. + +&#x200B; + +[GME 1\/4\/2021 - 1\/6\/2022](https://preview.redd.it/kkhqin4wu5a81.png?width=1421&format=png&auto=webp&s=cf6516ff0ae7703b3502703ad13b4064f0f8392b) + + As you can see, before close today the 30-day skew and kurtosis for GME options sank , to a level we haven't quite seen since.... wait for it.... 2021Q1! Bullish?!? Me thinks so.... + +&#x200B; + +**Caveats and Limitations on Use** + +These graphs contain output from my personal model. I am not qualified to provide financial advice, and have no experience trading professionally. This model has not been peer reviewed, so use this output at your own risk. + +This model serves to help Redditors make investment decisions, but still requires Redditors to consider other relevant information, including earnings reports, news, relevant events, momentum and reversion to the mean in the underlying stock. Redditors should think critically about emerging information, and not make decisions solely based on this output. + +In performing this analysis, I relied on raw daily options summaries from historicaloptionsdata.com. I have not audited or verified this data and other information. If the underlying data or information is inaccurate or incomplete, the results of this analysis may likewise be inaccurate or incomplete. + +These graphs are not predictions of the future; they are indicators based on the assumptions. Emerging results should be carefully monitored with assumptions adjusted as appropriate. + + **TLDDDR (Too Long Dumb Dumb Didn't Read): Before market close today, the options mix conditions were primed for a significant increase in volume from hedgies hedging with small changes in the underlying price. Not sure if you saw this.... but AH exploded.... hedgies are f'd.** +I read recently of George Taylor's 'Hemline index' which predicts that women's skirts get shorter in bullish times and longer in bear markets. + +I'm also noticing a lot more 'recession hair' at work (home cutting, roots growing colour out, DIY dyes etc.) +Good morning! Here's the daily update on RRGs, and I will write more about each sector every Monday. + +&#x200B; + +https://preview.redd.it/k3vf9bmn4dq61.png?width=1600&format=png&auto=webp&s=24562fc3a5dd850ef938d7f833cf72ca9ecf26be + +https://preview.redd.it/iyumq1lg4dq61.png?width=1600&format=png&auto=webp&s=072e7f4ad1a933ca02d0fe92f0a2fda234f1fbe7 + +&#x200B; + +https://preview.redd.it/cqjq596m4dq61.png?width=1600&format=png&auto=webp&s=43b8ddd5930eceb63bc4562ce876226c34085737 + +I also made a chart that shows the top ten stocks with high IV (and decent volume) based on [barchart.com](https://barchart.com). + +&#x200B; + +https://preview.redd.it/xi5v6h4v4dq61.png?width=1600&format=png&auto=webp&s=ee6743360bcd3f7c6666c0b2c5d73b4d21ddad07 + +You can find stocks within each sector [here](https://imgur.com/a/4hEdBuW). + +Edit: Thank you for the gold and silvers! +What the title says. + +I visited the sub for the second time since its inception and it's not changed aside from noticing some apes stooping to their level and arguing. You get nothing out of posting there, but they get exactly what they want: your reaction. + + +The sub is filled with trolls who argue in bad faith, using emotion as their only tool. Search through the whole sub, there's no counter-arguments on our DD, no theories with actual sourced data to back up the idea, only mockery. + + +Don't give them your time, it's genuinely not worth it. You're all better than this. + +As always, buy, hold, vote, and be excellent to eachother ❤️💎👐 +Just a heads up, I know some people will feel uncomfortable about this. + +https://helpcentre.trading212.com/hc/en-us/articles/360011022978-How-Trading-212-will-execute-the-share-lending- + +> **How Trading 212 will execute the share lending?** + +>We will loan out some of the shares we hold on your behalf, and we will earn a modest amount of interest on that which will help us maintain a sustainable commission-free model. Share lending will be executed only for Invest accounts. + +> **Can I opt out of share lending?** + +>No. Once agreed to, the share lending cannot be discontinued in your Invest account. + +>If you decide to opt-out, then you’ll have to liquidate your holdings and request account closure. +Evening Apes, + +I think the NYSE testimony released prior to the hearing tomorrow just solidified what I've been thinking all along about RobinHood... + +**I believe RH and it's sister company RobinHood Securities are engaging in CFD (contract for difference) trading, and that the orders they send to Citadel are being used to dump sell orders on GME. CFD is when a broker (normally web-based trading platforms, FX contracts, or futures) is engaging in the buying and selling of shares that don't actually trade. I also believe RobinHood was shorting GME...** + +https://thetradingbible.com/brokers + +**In this scenario, RobinHood continuously sends order flow buy and sell orders to Citadel (I'm just using Citadel as a name, it could be any market maker). When a trader enters a buy order, that order is sent to the MM, and the price is set for the trade and the trader is given access to their shares at the current price. RobinHood has fulfilled their agreement to best-price, and the MM paid for the order, and the customer has access to their shares.** + +**But that doesn't mean that the MM actually went through with purchasing or selling those share orders yet. They paid for the order, but they only need to execute it "in a reasonable time".** + +https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-arnuks-20210317.pdf + +"2) They recently changed their PFOF method from one giving them a set payment per share +to one giving them a percentage of the spread instead. Think about this: A Robinhood +trader wants the spread in the stocks he/she is trading to be as narrow as possible. The +HFT market maker buying those orders benefit most when that spread is as wide as +possible. And now Robinhood benefits most when the spread is as wide as possible as +well! This is an amazing misalignment of interests. " + +"While PFOF is legal, we have long wondered how it possibly could be. How can a broker, +charged with the duty of getting its clients the best available prices, possibly do so by selling that +client’s orders to amazingly sophisticated HFT firms, who in turn will make billions of dollars +trading against these orders?" + +**Forex brokers and MMs are well-known to take inverse positions to retail trades. I think RobinHood was as well. CFD brokers have to delta hedge their actual holdings as their clients positions become profitable. As long as the clients are losing money, there is no reason to ever buy the securities, as the position is just going to lose money anyways. CFD brokers will only buy the security you own if that security starts becoming profitable and it will cost RobinHood more money to buy the share later. They are basically shorting your shares on their books.** + +"While retail brokers and market making firms, claim that price improvement (PI) accrues to +retail investor orders, such price improvement is a flawed calculation: +1) It is based off of a slower price feed (the SIP), +2) It does not take into account odd-lots, +3) And the NBBO reference price it uses is largely set by the very same HFT market makers +providing the “PI” in the off-exchange environment. " + +"When a few HFT market-makers buy up orders that account for as much as a third of the volume +– orders that tend to be less-informed, uncorrelated, and benign, so that they are not represented +on exchanges, what is left on those exchanges is that much more toxic and costly to trade with. +Market impact costs are higher, and spreads are wider as well. Two studies that confirm this are +the Babelfish study of transaction costs in “Meme Stocks”7 and an additional academic study, +that amazingly points out that when Robinhood experiences technology outages, spreads in the +general market become narrower. Wider spreads mean that retail investors receive worse prices, +even after accounting for PI, and all other investors see their costs increase as well." + +"It should surprise no one that investor orders do not dominate these races; HFT Market makers +do. Investors’ orders typically find themselves further back in the queue. As a result, investors +miss opportunities at buying cheaper stock, and when they do get filled they are subject to +outsized adverse selection. Despite this, brokers representing investors still route largely to these +exchanges for that rebate." + +**Once RobinHood sells your orders to Citadel, Citadel can buy or sell the needed shares on any exchange they want to, to get themselves the best spread on the price difference. WHEN YOU BUY SHARES ON ROBINHOOD, YOU ARE NOT AFFECTING THE ACTUAL MARKET ORDERS. Your shares that you are buying/selling get collected by Citadel, and they can then buy/sell as they see fit with those orders.** + +**Citadel can collect a large batch of buy orders, and then BUY those shares on a dark pool exchange that DOES NOT DRIVE UP THE ACTIVE MARKET PRICE. And they can also collect large sell orders into one large batch, and then SELL those shares on the ACTUAL MARKET WHICH ACTUALLY DOES DRIVE THE ACTIVE PRICE DOWN.** + +**That is why you can see huge dumps on days with the SSR active and no large selling volume. Citadel/MM are capable of keeping ALL of the buying pressure OFF of the open exchanges, while simultaneously loading up sell orders to dump at once ON the open exchanges.** + +"• In January 2021, a record 47.19% of US stock-market volume traded “off-exchange and +on February 9th we hit an all-time record of 50.47%, with retail representing 1/3rd of total +US ADV" + +**Over 50% of all trading activity is done off-exchange. And retail is 1/3 of the total daily volume. They can literally keep 100% of retail buy orders routed through these MM off of the open exchanges, to avoid YOUR buy orders from driving the price up in real-time.** + +"• Wholesalers are also “market makers on NYSE and NASDAQ,” and appear to be +adjusting the public market spreads in response to retail, thereby costing all investors +more money." + +"• Wholesalers are not a charity and trade against retail when it is profitable for them" + +**Here, he testifies that it is public knowledge to the exchanges that these MM both: take trades directly against retail traders, and directly manipulate the spread to their advantage.** + +"- Third, and finally, it must be conceded that the Securities and Exchange Commission (“SEC”) +already has sweeping authority to do much of what needs to be done in connection with the issues +in this hearing. The failure of the agency to appropriately respond to the most apparent deficiencies +is not due to a lack of legal authority but a multi-decade lack of courage and imagination to take +meaningful actions based on existing authorities" + +**At least he admits that the SEC knows what is going on and is choosing to actively ignore it.** + +https://sec.report/Document/0001699855-21-000006/ + +"Beginning on January 28, 2021, due to unprecedented market volatility and related portfolio margin demands imposed on RHS by the clearinghouse National Securities Clearing Corporation, RHS temporarily restricted or limited its customers’ purchase of certain securities, including GameStop Corp. and AMC Entertainment Holdings, Inc., on our platform (“Early 2021 Trading Restrictions”)." + +**RobinHood Securities says in its annual report that they shut down trading due to margin demands. That's because they are engaging in CFD practices and they/you NEVER OWNED YOUR GME SHARES DURING THE RUN-UP. The price exploded before they were able to delta hedge their naked CFD positions, and they got margin called for $3,000,000,000 to cover the shares they needed to buy.** + +TL;DR: + +You aren't buying shares off of the open market on RobinHood (or possibly on any mobile-only trading platform). Those buy orders are being routed to MMs to be purchased off-exchange so that it doesn't affect the active trading price. Your sell orders ARE sold on the active open market, so that it actively helps crash the price. + +RobinHood got margin called because they were naked shares due to engaging in Contract for Difference trading, where they don't buy the shares you pay for because they expect you to lose money anyways. They just pay you the difference in price if you make a profit once you sell your position. + +They got hit with a $3,000,000,000 margin call because they were short so many shares of AMC/GME that were supposed to be owned in your accounts, but that they hadn't bought on the market yet. + +Linked RobinHood Securities annual financial report, along with attached active lawsuits in the filing. It's a fun read if you have the time... Robinhood has shit for actual liquidity. Get out of that dumpster and get to a real broker. + +Edit: 40% of all RobinHood accounts held shares of GME during the run-up. If there were 13,000,000, accounts at the end of 2020, and 40% of the accounts only held one share, RobinHood would have been on the line for $2,511,000,000 at the height of the $483 share price. + +What was their original margin call again? +Hello all, long time reader first time caller! + +I'll start by saying that I'm nowhere close to being able to fatFIRE but it has become a goal of mine as I've realized that work isn't as fulfilling as it used to be. I'm in my late 20s with high steady income, and the majority of my money (\~90%) is invested pretty aggressively in the market. I'll also note that I'm primarily using Fidelity. + +I'm currently trying to figure out how to park my emergency and sink funds. For obvious reasons I'd like to keep those very easily accessible and have no chance of losing them. Right now my emergency fund is an Amex HYSA. I also have some cash in my brokerage account that's in limbo while I do a large rebalance and wait for a good buying opportunity. That could be a week from now, or it could be a few months. All the while the buying power is just wasting away. + +With the Fed aggressively trying to counter inflation, interest rates at rock bottom, and everyone worried about a crash, the places that people traditionally put their cash equivalents into don't seem super desirable at the moment. + +For simplicity sake let's compare the current options against a theoretical 2% inflation rate for 2021: + +* HYSA: I currently have 0.50% APY on my savings account. I know there are slightly higher rates out there, but I don't feel like opening a bunch of random bank accounts to chase them. Either way, the Fed seems committed to maintaining dirt cheap interest rates so this doesn't seem like it'll increase much. +* CDs: Any kind of short-term ladder would only yield somewhere between 0.04% (1yr) and 0.30% (5yr). I don't want to lock this money up for a long time, so this doesn't seem like a desirable route until interest rates go back up. +* Bonds: U.S. Treasury bond yields are abysmal - you have to go up to 20yr to get above 2%. Corporate AAA are *negative* 0.39% for 3mo, and also don't really go all that high on the longer-term end. Junk bonds would be super risky in the event of a crash, so seems like a no-win scenario here either +* Money Market: Currently things like SPRXX and SPAXX range between 0.16% to 0.25%, and there's a risk they could go negative if we end up with inflation + +With all that being said, it feels like I'm just completely missing something. What is everyone else doing with any uninvested cash they currently have? Thank you for your time! + +Edit: Thank you all for the suggestions! Sounds like the general consensus is to use a margin loan against your brokerage account and stop worrying about having liquidity. ~~While I agree that it's not super necessary~~ I think it’s absolutely useful to have this kind of emergency fund. I just bought a house and it's good peace-of-mind for me and my fiancee to know that we have enough cash to pay the mortgage for a while if the stock market burns down. I think I'll probably ~~invest some of the extra cash~~ leave the rest in the HYSA for now ~~and look into setting up a margin loan against my brokerage at some point in the future~~ + +Edit2: This post, combined with people raving about the stock market going brrrrr on all the other finance-related subreddits, has convinced me we’re going to have a ‘08 style crash sometime this year and most people will be totally screwed. “Being able to access liquidity is more important than having it.” Y’all are begging to get margin called or have the bank ask for early pre-payment on your HELOC. If you have a bunch of leverage and zero liquidity to use as collateral, they’re not gonna care how many unrealized zeros are on your account. People who really have a massive amount of NW and lived through one of the major crashes wouldn’t care about socking 100K away somewhere +They must be dying to talk about all the things that went on (but couldn't because of all the potential controversy and lawsuits that can be had) and apes would love to get the official explanation on the cryptic, and some not so cryptic tweets from DFV and RC. + +Edit: it may be obvious but it's just an opinion of mine on to see what they may have to say. If it does somehow gain enough traction, we would respectfully ask them if they're interested. If not, no AMA. Simple as that. +I've been thinking about posting this for a while, but haven't really had the courage to do so. + +There's been many posts throughout the years wondering where all the posts from normal people and/or blue collars are. + +Well - here is one. + +(I don't write particularly well, I'm just very matter-of-fact). + +&#x200B; + +I went to a vocational high school and enrolled in Plumbing / Pipefitting. + +I graduated in 2007 in a dead economy. + +I was unable to find work as an apprentice, but eventually found work at a local plastics manufacturing company in the tool & die shop. + +&#x200B; + +I was paid $11/hr as an apprentice to mold makers and to do facility maintenance work for the shop. + +I worked 10 hours Monday - Friday, and a half day Saturday. + +I was entitled to 401K and tutition reimbursement (with no payback requirement or term of service). + +Matching contributions were frozen until the economy started to pick up, but I contributed as much as I could. + +ESOP company, so I got profit sharing (based on my salary) every quarter, which I never spent and put into a separate account. + +These amounted to 4 additional paychecks every year (if we did well). + +&#x200B; + +I enrolled in a community college which had an Engineering transfer program. I had to take a lot of remedial math courses to get up to speed because of my High School program. + +I took advantage of tuition reimbursement, and then took the reimbursements and put them into a Roth or Brokerage at the end of each semester. + +I remained at home and paid my mother $300/mo for my room. + +I drove a car I bought for $4000. + +&#x200B; + +I'll get blasted for living at home, I'm sure, but it was mutually beneficial. + +I was raised by a single mother who worked 60 hour weeks to keep a roof over our heads (I have a brother). + +There was no inconvenience. Working the hours I was working and going to school part time meant I basically needed a bed. + +If I wasn't at work, I was in the library, in class or sleeping. I did take a couple vacations/trips during this time during school breaks, but they were not extravagant. + +I learned to be very efficient with my time. + +&#x200B; + +&#x200B; + +I left this job in 2012 making $13.25. + +I joined a field service company maintaining specialized industrial equipment as a greenhorn for $17/hr (I was 23). This came with a company vehicle. + +I traveled all over New England and am based from my home address. + +The majority of our work is in greater Boston, which meant I was home everyday. + +I finished my Associates Degree program in engineering in 2014, and was given a pay raise to $25.00. + +At this time, I moved out (25). I lived with a girlfriend for a while (split costs), with a friend for a bit, and then eventually got my own apartment. + +&#x200B; + +My Community College had transfer agreements with some private colleges and the state university system. + +I was accepted into a few for Mechanical Engineering, but it didn't really seem to justify leaving my job over. + +I enrolled in a night program for Engineering Technology at the state university. + +&#x200B; + +401K (6% matching), and tuition reimbursement strategy remained the same. + +I completed my Bachelor's in 2019, and was bumped to $34/hr. + +&#x200B; + +I currently remain with this company and was recently given a raise to $43/hr and primarily work on projects and technician development. I remain in the field and get my hands dirty on a regular basis, and no, my body isn't beat. + +I work anywhere from 28-60 hours a week depending on the season, but am guaranteed 40 hours of pay per week. + +&#x200B; + +I wish I kept more data, but the strategy that worked the most for me was just saving whatever extra money I got and then putting whatever raise I got straight into my 401k. + +If I didn't have it, I didn't miss it. + +At the end of every month I took whatever was left in my checking account and transferred it into my brokerage account. + +I'm still living on around $35-40K a year, but I'll treat myself - I just don't require much. I'm super minimalistic, but a couple of years ago I bought a personal vehicle, not important but it's a totally unnecessary expense. + +&#x200B; + +Currently single and 32 years old. + +&#x200B; + +Balances: + +401k - $238k (target date funds) + +Roth - $77K + +Brokerage - $92K + +Plain old cash - $25K + +Total: $432K + +&#x200B; + +This past year my mother passed away, so I just recently moved back into her condo which was about 2/3 paid off (approx 180k, which I'd be entitled to half, but for now my brother and I are going to keep it). She left no debt. + +&#x200B; + +So now I guess I'm over $500k, but I'm not really counting the condo as of yet. + +&#x200B; + +Feeling pretty good heading into the future. + +Thanks for coming to my Ted Talk, you can do it too. +This is how it plays out everytime. FUD and drama and then a fake sell off. The goal is all x, xx, xxx, xxxx, xxxxx holders to sell on emotion. I know the dd and you know the dd. Do not fall for the fuckery. Hold and buy the shit out of the dip. Hedgies r fuk and I like the stock. + +Edit: Some have accused me of encouraging day trading. I absolutely do not encourage day trading of GME. You will make way more tendies buying and holding. Many of our amazing DD authors are day traders but refuse to day trade GME because 1. You hurt the squeeze. 2. You might miss the squeeze. + + +Edit 2:. I do not believe the drama on this sub is the cause of a potential drop. This is correlation, not causation. Short attacks will be the cause of any big drop with the same usual goal of getting diamond hands to paper hand. I believe it is part of an orchestrated attempt at spreading fear, uncertainty, doubt. It's been a long time since I have visited traditional stock message boards but I imagine the FUD is stronger than usual. If there is a big drop we will also see MSM coordination with fud articles. "GME down huge as Redditors fight and sell". Fuckery will get worse and worse the closer we get. If we didn't have Wall Street by the balls, they wouldn't care about us. + +Edit 3: Not financial advice. I am an individual who likes the stock. +My wife and I have arrived at fiRE status with a net worth north of $10M and our next step is going to be to buy our dream home for our family. + +The home will likely need a down payment of around $1M to $1.5M - probably in about a year or so. We’ve been investing in the markets about a million a year from our business profits and so the plan is to start to build up cash rather than doing what we’ve usually done - regularly adding to our broad array of investments. Those investments are all long term. + +But the next million or so will be needed for a down payment so it’s not appropriate to put those short term dollars into those sorts of investments. The question is where to park that money and earn the most on it but in a secure/conservative way. Inflation just eats away at it and bank interest is de minimis. + +Any suggestions on where to park these funds? + +EDIT - There is some discussion about home price and such so I figure I’ll help by putting some meat on the bone: I’ve been in business for 20 years and revenue and profit have been very predictable. Profit will continue to be anywhere from $1.5 to $2.5M per year. I’m already semi-retired with no intention or need to sell because I can largely sit back and let the business continue to operate and continue making this money long term. Selling would only give me a few years of these profits because I’m not in a business that fetches 10x or 20x multipliers. It may also be worth mentioning that we sold another business recently and have equity as a result that is likely to net us another $1M to $2M in a few years. + +A loan amount of say $3.5M on a 30 year fixed at around 4% interest these days is $16,500 a month or about 200k per year. That represents about 8 to 13 percent of our gross depending on gross any given year. Add a little more for taxes and insurance and we’d be spending about 9 to 14% of gross. Standard rule of thumb is to stay within 28% so we will be well under - less than half and perhaps spending only one-third of the “rule of thumb.” + +Couple other fun facts to add: until last year I was also paying state tax in a high income tax state and now pay zero (we moved where we currently rent). So saving around 100k per year in state taxes that I am happily reallocating towards the new house. And even more fun fact - I’ve been paying alimony of between 200k and 450k per year for the past 10 years and that likewise has come to a grinding halt. So we’ve been living our lives watching about $400k flying out the window every year in state taxes and alimony that we now get to keep. And we’ve done it without breaking a sweat. So the idea of now taking a mortgage paying 200k per year (our prior home was about 100k per year in mortgage) for a 100k increase whilst finding ourselves with 400k extra per year to cover that 100k delta sure seems like a no-brainer from first hand experience. + +I’ve probably only inspired more questions with the above but anyway there you go! +Hey team! I hit my fatFIRE number a few years ago at 49 through a combination of businesses I own and multifamily real estate (around 250 apartments plus commercial) that I’ve accumulated during my career. + +Thinking that fatFIRE was my goal, I put a management team together that required very little intervention. I was up front about my plans to phase out of work, and we came up with systems where I could check in only minimally for long stretches of time and they would keep my business and real estate portfolio managed and growing without me. + +I did it! Starting this past summer, I took most of the summer off to boat (recently upgraded) and fish and enjoy my (recently acquired) beach house. I did some travel, enjoyed fancy meals with friends and walked on the beach every day. + +However, I never fully checked out. When the fall came around I got back into the swing at work and realize I’m not ready to stop working. I enjoy work and working. I like going into my office and I missed my team. I’ve cancelled my early retirement. + +I don’t need any more money, but love the thrill of doing deals and don’t want to give that up. I’ll prob work less than 5 days a week most of the time, and maybe take half of the time off during the summers, but fatFIRE isn’t for me. I tried it but got bored. Would not recommend. Maybe in another 10 years but maybe never. + +I chased fatFIRE and that was fun. But it didn’t live up to my expectations. Has anyone gone through this process and come to the same conclusion? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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This has to hit Boeing stock now, new planes never crash this much. +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! +I'd like to move away from my country (already in Eu) but I don't have a clear idea. First off I only speak english (besides my native language) so that certainly narrows down the options. A second factor is that I'm studying finance and would like to land a job in the field. A logical conclusion would be England but it's not in the Eu anymore sadly, and moving there seems like a nightmare regarding documents, permits and so on (Right?). Scandinavian countries seem great in everything but the culture there is the polar opposite of mine and the cuisine sincerely frightens me, but I could adapt I guess...Netherlands seems a good medium and when I've been to Amsterdam and Rotterdam it looked extremely intercultural (I know it's not a good sample but at least I've seen it) but I have no idea if the financial world is flourishing there or if you could survive with English only. So... any advice? +The company I work for is private but offers its employees the option to buy shares every year. The total amount of shares employees can buy is equal to 15% of the company. The remaining 85% is equally split between 3 families. There is only one time a year where employees have the option to buy or sell the shares. + +Shares were first offered in 2002 and have returned on average 24% per year, even staying above 16% during the recession. The company is in the food industry, hence the reasonably stable returns. However, shares returned 11.5 percent this year. + +Is there anything I should be aware of before buying these shares? + +Share return: + +[https://imgur.com/ISYMhd3](https://imgur.com/ISYMhd3) +intermediate at reading financial staements have done one or two dcfs + + + +1. where on a 10k is there YoY growth/numbers to look at? lets just use tesla + + +2. whart sort of financial satemetns should i look for from a ccompany like tesla that are NOT accounting statements? +This company keeps coming up on any quality / value screener I run. + +Not discussed on Fintwit and very little information on reddit. + +Does anyone have background on this company, am I missing something or should I just go off an do further DD? + +Small cap fintech / payments app: + +* 3.9x PE, a dividend yield of 17% +* Does its entire market cap in revenue each year +* ROIC 27.9% +* ROCE 32.5% +* ROA 17.5% +* Average 5Y EPS growth of 22.8% +* EV/EBIT 0.3x +* Debt/Equity 24.5% +* Average Google play store rating (648,876 reviews) is 4/5 stars. + +Downside: + +* Operates in Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates - so geopolitical risk / general emerging market woes +* Presumably if the market keeps growing and the regulatory space opens up, $V and $MA will just come in and destroy them +* Poor capital allocation - a $500m market cap company paying a 17% dividend yield? Why not reinvest earnings into the business and grow with such high returns on capital - plenty of reviews on Google Play asking for English and Hindi functionality - that would be a sensible start. +Valuation down to 3 year low, mainly due to competition and breaking up with apple + +EPS for the last quarter is down 25%, but for the last year is actually up by 20% + +PER at 9, which is still pretty good + +Dividend at 2.8% which is not juicy but is better than nothing + +what do you guys think? + This is an extremely long post so I have made a "Section List" below (this might take a few sit-downs to read): + +1. *Review of Parts 1, 2, and 3 that I have written on (to reference these parts I will leave a comment on how to find them)* + + 1. *Shortages* + 2. *Shorting the US Treasury Bond* +2. *New Discussion* + + 1. *An Asset Crunch* + 2. *Latent Inflation* + 3. *Missing Variables and Questions on Latent Inflation* + 4. *Commentary on Questions of Latent Inflation* +3. *Protecting Against Inflation* + + 1. *Staying in the Market* + 2. *Sitting out of the Stock Market (Real Estate Discussion and Investing in Yourself)* + 3. *Actively Investing in the Market* + +In previous parts I explained why some things occurred (abet some error) and what we can do to stop it. In this writing, I will provide commentary on what we are seeing and what the future holds. I will also discuss other possibilities and avenues for profitability. If you would like to view these previously written articles, please refer to the comment section where I reference where to go. + +**Review of Prior Inflation Articles (view comment for reference to previous parts)** + +Well first and foremost when I wrote the previous articles it was October of 2021 (7 months ago) and enough time has gone on for us to review my predictions below: + +*Shortages* + +I predicted shortages would continue to worsen as time has gone on and demand picks up. Well shortages have gotten better but as we switch to a services industry this has begun to improve and has caused worker shortages across numerous services industries. I would expect to continue to see a rotation of shortages around the economy and I believe this will continue if there is not increased monetary contraction from the Federal Reserve. If we see price ceilings (as the house recently discussed a gas price ceiling) then shortages will become severe as they were in the 1970s when gas become scarce. I discussed that we should take advantage of these shortages and make money on them specifically calling out natural gas and oil which have been tremendous bets and you would’ve made well over 100% in both STNG and OVV that I called out making over 100% in each. SXC has stayed steady (I would suggest selling out), and my Walmart call was just straight bad. I recognized the build up of inventory that caused their stock ($WMT) to tank just under 20%, but I thought it would protect them from future shortages not lead them to a profit loss. This makes sense in retrospect, but I completely missed this as I didn’t account for the demand moving around the economy and instead I assumed it would stay stagnant. I believe as services increase and China opens up, we will see energy prices increase even more than what they are now, but you must be careful due to already massive increases in the sector as well as demand destruction. + +*Shorting the United States Treasury Bond* + +I predicted Bond prices would fall at least 20% which has turned true with TLT falling from $145 on the day of my last article to $114 today. I also predicted treasury bond yields to increase to 3% when QE ended, and this has been eerily accurate as well. Now that QT is beginning and inflation becomes more entrenched, once TLT breaks this long-time yield of 3% we will see bond prices fall in significant value as the Federal Reserve and Market work together in driving rates up. + +As we hit 3% on treasury yields and higher, we will see assets begin to contract heavily. In the short term this could cause bond yields to lower, but if inflation stays high then the Fed will help maintain the price of bond prices. This will be a swing trade in my opinion, because as the yields increase it has the dual ability of contracting the economy so you must be careful on driving this bet home. I think so far if you invested in October then you are extremely happy with your returns thus far. + +**Continued Discussion** + +*An Asset Crunch (partial review)* + +Across the board we are feeling contractions in all assets. Having called out Roku, ARKK, EV companies, and hyped Space Companies. Naturally they have all contracted as the bond yields over the horizon have caused massive devaluations across the sector and reflexivity in those industries. Now we are beginning to see the broader stock market bubble collapse as well with the S&P 500 currently experiencing a bear market rally, we have a much larger way down. As can be seen in a chart comparing the 2022 market in comparison to 2008 crash (and similar as well to 1974) I think it is safe to say that history might repeat itself. + +As the asset crunch hits this could cause a contraction in the monetary supply on its own and if you are betting for inflation then you must be aware of this. As volatility lowers on this bear market rally, and VVIX (volatility of volatility) goes to all time lows I believe we are approaching a perfect time to bet on volatility over the coming year as VIX was an amazing hedge in 2008, 2018, and 2020. + +As the chances for something breaking increase (I’m looking at you Credit Suisse), the odds of a stock market crash based on the current asset bubble seem to be high. I think that at least reducing exposure from market index funds would be the best move here. + +*Latent Inflation* + +In my latest writings to you I used different methods to prove that this inflation is much stickier than most individuals realize. I didn’t give an estimate for how much inflation we would see or what to expect and I believe it is only fair to give my estimations to you below. This is the theory of latent inflation as discussed by Jen Parsons in “The Dying of Money”. Basically, latent inflation is the “stored” inflation that the economy has due to continuous monetary supply increases. It is found by dividing the monetary supply by the real price value (basically PPI adjusted for the productivity increases of the economy) and then you subtract the current price values (PPI). For my monetary supply I used divisia’s M3 as provided by the center for financial stability as I believe this is one of the best ways of measuring our current monetary supply. I started my data in 2012 as I believe latent inflation was roughly at 0% starting in that year as we had a massive recession, and the economy was just beginning to recover. There are a few flaws with this assumption, I am assuming that all the pressure from previous M2 supply that had gotten stuck in the stock market and housing market was wiped out due to deflationary pressures provided by the massive amount of fraud scaring consumer confidence and causing the economy to deflate. Also, monetary supply has been increasing intensely since the mid-90s and then skyrocketed in 2008 until 2020 when it hit a new level of absurd. This could lead to estimates of latent inflation to the downside. I have since calculated it from there and I believe I have found a rough estimate. Latent inflation peaked in September of 2020 at around 60% (if you calculate with M2 it is roughly 75% and my commentary below would still apply) and is now near roughly 40%. + +What this means if our economy is not to increase the monetary supply, then we will eventually experience 60% of total inflation from September of 2020 forward, this does not mean that peak annual inflation will reach 60% (although it could increase greatly due to velocity inflation). My commentary on this number is that this is not an exact science, but it should give us a general idea of what to expect, it also does not account for declining economic production that we have seen recently which would cause an increase higher than this inflation. This also does not adjust for the fact that the Fed will actively try to crush monetary supply, and this will reduce the total inflation we experience. If the Fed crashes the economy but does not decrease the monetary supply, enough then we will begin inflating again as we did in the 1970s stagflation environment. Even though total inflation will be slightly lower than the 1970s, that was over 10 years of inflation, going into 1974 the latent index showed much less than the 100%+ that they experienced, but as the Fed made mistake after mistake the latent inflation increased over the decade. Implying, that we could experience much higher inflation based on how the Fed responds to things. This pushes further the Bond price bet that I had discussed previously. All signs point to prolonged inflation or epic Federal Reserve monetary contraction by QT and increasing bond yields to insane heights in either scenario. None of this includes the fact that we could experience a purely velocity inflation on top of this due to reopening completely, this is what was experienced in 1948 and the. Those inflations were not due to monetary increases, but they were due to velocity increases (therefore the great depression broke things, as the Federal reserve contracted to an inflation that was purely velocity oriented and would have most likely fixed itself on its own). I believe we are now beginning to experience a combination of the two. + + + +*Missing Variables and Questions on Latent Inflation* + +Now with all of this said, there are variables that I have no way of knowing when it comes to how the Federal Reserve will react to this inflation at this point. First, there will almost certainly be a recession and inflation will stop as QT and interest rates increase. The question is how long the Federal Reserve will allow a recession to go on which would determine inflation beyond the recession. The next thing is I also do not know how long it will take for the US to hit peak inflation, and how extreme the Federal Reserve will get to stop it. Because of this I cannot give you an exact guess of how much bonds will move up, and they could stop moving up based on what we saw in the 1970s where the bond market didn’t truly panic until 1976 and onward when inflation came right back. Also, many managers tend to operate on the bond market being a haven in time of stock market turbulence which is a guarantee, this could limit any bond shorts. + +*Commentary on the questions of latent inflation* + +Of course, I will not leave you to ponder those questions on your own. I have my own musings on the questions above. First, I think that bond yields aren’t at a top or anywhere particularly close. The Fed has not begun to pick up its aggressiveness and will have to hike into a recession as inflation becomes entrenched and accelerates. Again, this is almost an exact replica of what occurred in 1974 (I do not reference the 1970s because I am using the 70s as a template, I reference the 70s because the Fed is behaving the exact same way in a more extreme manner leading to similar, and more extreme, results). There will be a recession, guaranteed, and this will cause the bonds prices to increase at some point as inflation shows signs of initially abating. In 1974, the turn in inflation marked the bottom of the recession, and I expect something similar here. When the recession occurs, this will cause the market to expect inflationary measures to be taken by the Fed to prevent this. The market is correct in this assumption because the Fed has been far from aggressive and looks for ANY excuse to turn dovish (this is true of most global CBs as inflation is a drug that they will not kick). Take a scenario where CPI comes in .1% low and the Fed turns dovish saying they’ve won the battle (sound familiar). Because of the Feds behavior I would assume a quick reversal in monetary policy when a recession occurs. This would not give enough time for monetary supply or supply chain disruptions to recover from the initial inflation leading to another immediate spike in inflation just as we saw in the 1970s. There are no Volcker’s among us. + +**Protecting Against Inflation** + +This is a bear’s world and we’re just living in it. To that end you have 3 options to protect yourself against inflation and possible recession. They are as follows: sit out of the stock market out, stay in index funds as if nothing is going on (buy and hold), or invest actively. I will discuss my opinion on each. + +*Staying in the Market* + +If you stay in this market, you are going to get absolutely smoked in my opinion. If this turns into the 70s you will lose real value on your stock market performance over a 10 YEAR PERIOD (in the 1970s we saw a 28% gain from January of 1970 to December of 1979 and a total inflation during that period of 102% in CPI). That is an insane amount of compounding taken away from you and I highly suggest you avoid that. + +*Sitting out of the Stock Market (Real Estate Discussion and Investing in Yourself)* + +Let’s assume you sit out of the market completely, what options do you have? Real Estate is the first option, but although this is in fact a “real asset” it is experiencing direct inflation due to monetary increases directly from mortgage-backed securities driving mortgage rates down. So, what were to happen if mortgage rates to increase (hypothetically of course)? + +Due to the bubble in prices, we would most likely see these contract. Now the main argument is “but inventory is low”. Inventory is low because the government was directly inflating housing prices with money that was beyond housing production. With extremely high inventory in 2005 we saw a massive bubble that was popped by a 1.5% increase in mortgage rates (from 5% to 6.5%). In the past few months, we have seen an increase of 3.5% (from 2% to 5.5%). This is a total increase of over 100% and rapidly increasing with inflation. Eventually the inventory will fix itself and increase as rates increase, but it will be slow (as with energy production), but it will occur if rates stay high. In the short-term housing might stay steady but in the intermediate term there is a low chance that housing is a good bet as inventories correct for the lowered demand. + +For the most part the economy is indirectly inflated by causing debt to be cheaper, or by putting money in the hands of bond holders (banks) and letting it trickle down into the economy. The housing market is directly impacted by increases on debt rates AND directly impacted by the buying of mortgage-backed securities. Basically, look at the housing market as a direct bet on the mortgage market and consumer income. This is a George Soros quote from post 2008 explaining reflexivity in financial markets: + +“The simplest case (of reflexivity) is a real estate boom. The trend that precipitates it is that credit becomes cheaper and more easily available; the misconception is that the value of the collateral is independent of the availability of credit. As a matter of fact, the relationship between the availability of credit and the value of the collateral is reflexive. When credit becomes cheaper and more easily available, activity picks up and real estate values rise. There are fewer defaults, credit performance improves, and lending standards are relaxed. So, at the height of the boom, the amount of credit involved is at its maximum and a reversal precipitates forced liquidation, depressing real estate values.” + +Well, your argument might be that housing prices didn’t get murdered in the 1970s. If you look at the 1960s and 1970s you can clearly see that there was zero unrealistic run-up in housing prices in comparison to income prior to the inflationary booms and busts of the 1970s. This means that housing had no realistic reason to crash in the 1970s. + +If you look at the 1960s and 1970s you can clearly see that there was zero unrealistic run-up in housing prices (in comparison to income) prior to the inflationary booms and busts of the 1970s. This means that housing had no realistic reason to crash in the 1970s. The only bullish argument for housing is that it is an inelastic good and if inflation continues to ungodly heights it WILL gain in price if it is not stopped since it is a real asset, the demand for safety in housing will increase. These are both massive risks to bet on in my opinion and are both valid, I just see both as risky scenarios and are almost purely speculative due to the nature of housing. + +If you don’t stick with real estate, what other options do you have? You could sit in cash but then you obviously lose real value from inflation. You could bet on yourself and spend money improving yourself to become the best at what you do. This is suggested by Warren Buffett, and it is not a bad idea. Your intrinsic skills will always keep up with inflation and you can always find a job if you become the best at what you do. That doesn’t always guarantee employment, but there aren’t many downsides, except even doing that you might not be able to guarantee your wages keep up with inflation either. + +Actively *Investing in the Market* + +Good thing we have a vehicle that booms and busts to inflation and the contraction/inflation of monetary supply. And what is this vehicle? It is the stock market. You can easily identify the booms and busts of an inflationary cycle by identifying when money is being printed and when it’s being contracted. In times of inflationary monetary policy, the stock market tends to be the first the to boom, whereas during times of monetary contraction the stock market tends to be the first thing to fall. This semi predictable trait of booming and busting with the monetary policy allows you, the investor, to protect your money by trading on these swings. If you can value invest it’s even better! When the stock market contracts, and reflexivity takes place, it will lead to many valuable options for us as investors that get to pick and choose. If the Fed immediately turns around and starts inflating the economy again then guess what! You are in the perfect spot to ride that wave. Just remember you must identify that the economy has to show signs of being in an inflationary cycle such as the later 60s through early 80s and now. I would say the signs would be a Shiller P/E of above 20 or a high Buffett Indicator (adjusted for the natural FFR, a lower natural FFR means a higher Shiller P/E is allowable, it is your decision, use common sense) to basically identify if you are in a bubble, inflation above the natural rate (different every decade it is your decision), and a buildup of latent inflation. THIS ISN’T AN EXACT SCIENCE. You have to use common sense, anyone who tells you this will work every time is just plain wrong but using logic you can use these tools to decide if you are entering an inflationary cycle. + +This is how the inflationary story tends to play out: + +1. When the inflation begins to become too large at the first stage of the identified Inflationary cycle then you should ride the stock wave until the Fed begins taking action and you can easily capture the top (which has already occurred back in late 2021 and was fairly predictable all you had to do was wait for the Fed to act on the inevitable). +2. When the Fed acts the market will contract and inflation will, most likely, eventually (at least temporarily) stop. The preceding recession will ensure an asset crash due to the intense bubble ahead of time (most likely in all assets that were part of the bubble). +3. Eventually, as the Fed panics to the recession, you can sit back and let things play out (or if you’re bold, bet against the market) for the inflationary bubble crash. Usually, the bottom will occur when inflation has shown solid signs of peaking. Now from this point it becomes a little trickier because usually at a certain stage the bubble will be completely popped (you can usually identify this by the shiller P/E ratio or Buffett Indicator that shows a meaningful drop in valuations). If the bubble hasn’t popped, then expect continued inflation in whatever assets haven’t popped and another preceding stock crash. When everything has officially popped it is most likely safe to say that you can buy the bottom and ride out the rest of the inflation. + +*One more thing:* The only caveat to riding out the rest of the inflation is paying attention to the latent inflation. If it gets extremely negative that means the monetary supply has contracted too much and it will lead to a recession. + +If you did this in the 1970s you would have sold in late 1972/early 1973. You would have bought back in 1975 and you would have absolutely smoked the S&P 500 (and depending on your interpretation you could have sold in 1980 due to latent inflation decreasing so heavily but most likely would have missed the gains in 1982) By 1982 you would have smoked inflation and in 1980 you would have been briefly behind it. Similarly using these methods, it would have been ruthlessly obvious to sell in 2021 as all the metrics hit. I do not know what will happen nor do I expect this to repeat the same way. From a logical standpoint it makes sense to follow this path. Another year where this logic could have been possible to use was 1999, although it should have been heavily apparent based on valuations and Fed tightening alone even though inflation wasn’t extremely above the norm. + +The returns on this path could be heavily increased by following the value investing method which is notorious for surviving bear markets. Warren Buffett even wrote a letter regarding the super investors of Graham and Dodd that simply applied value investing to the 1960s and 1970s and was able to crush the market. These swings lead to volatility and opportunity to find great/cheap investments. + +I am sorry for the long read but I hope you enjoy! +**the problem:** +All investors should use discounted cash flow calculations to influence their investment decisions. But only a tiny minority actually do. + +I think that's because the calculation is almost exclusively done on complicated and time-consuming spreadsheets. + +**the solution:** +I am currently developing a completely free app - genuinely 100% free - that will enable new and experienced investors to calculate DCF with as few as 4 numbers, and save results to a watchlist. + +(4 numbers possible because around 600 companies’ financial data is saved to the app. For companies whose financial data is not saved, only 2 extra numbers are needed - latest FreeCashFlow and shares outstanding). + +After the first calculation, users will only need 2 numbers for every new calculation as their required rate of return and terminal growth rate numbers are saved. + +The app will also include a video that explains what the calculation actually is, and how to perform it by using the app. + +This will make DCF much more accessible to new retail investors, but also give more experienced investors (who frequently use the calculation) a much more efficient way of doing it. + +**My question:** +Would you be interested in downloading this app? +I personally feel like there are many great companies such as Microsoft, Apple, Google, Amazon. But those companies have very high price points. + +I'm waiting for them to drop significantly before I pick them up. + +In the mean time is there any companies that are with looking at? +For almost 7 years I was a dyed in the wool value investor. I did very well. + +As I would look back on stocks I passed on investing over the years I saw many of them went to zero or close to it. + +So, I got the bright idea of using LEAP put options on companies I would never go long on. + +I started in the casino, hotel, and resort space. I spent two weeks one by one researching and then ranking each company based from strongest to weakest on all the metrics and benchmarks Graham talks about in the Intelligent Investor (interest coverage, what their bonds yielded, working capital, credit rating, etc.) + +My goal was to find the absolute weakest company in the sector/industry. A company with an atrocious balance sheet that was barely surviving. + +In my mind I thought it would be the perfect one to bet against. + +I found it. It was Penn National Gaming (PENN). They ranked number one as the weakest company. They have billions in debt, negative working capital, negative tangible book value, and not enough money before tax to cover the interest payment. + +They have had to continually issue new shares and dilute their stock. Their current shares outstanding are 200% higher than they were 4 years ago. + +PENN reached a low of $3.50 during the March crash. When I finished my research it was at $28. + +My thesis was that with the company being in such horrible financial shape and their casinos being closed for so long would take the stock back down and potentially make the company file Chapter 11. + +Even if their casinos reopened I did not think that they could survive on a fraction of their former traffic. + +With all that in mind it seemed like it was possible for the stock to go back to what it was in March. + +I had such conviction I invested $1,000 in puts with a $3 strike that expire in January. + +I made one big mistake. I didn’t know about Dave Portnoy when I initiated my position. I didn’t think Barstool could generate enough revenue to save them. + +Dave Portnoy is the equivalent of Elon Musk in the sports world. Just like Elon’s tweets move Tesla Portnoy has been able to move PENN. + +I don’t blame him. I just made the mistake of overestimating the influence one person can have on a stock. + +Today the stock is worth $49. I bought my puts when stock was at $28. + +I’m down 70%. The money I lost does sting, but it doesn’t bother me. + +I went in knowing I could lose it all or make 42X my money. I saw it as an asymmetric bet. + +But, at 24 years old this lesson will stick with me the rest of my investing career. + +Look beyond the balance sheet +Hello, + +Markets are continuously rising and it seems we're in a bubble. I have some cash to invest, so I was wondering whether markets are overvalued and that I should wait, or should I invest right away. + +What I did to investigate this was to compare S&P 500 with M2 Money supply. My hypothesis is that the rise that we're seeing is because of the extra money supply. If that is the case, then the real question we should be asking is **whether market's rise has overshot the money supply.** + +From the data, it doesn't look like so. Take a look at the historical chart of S&500 / M2 money supply. + +[https://imgur.com/a/ctrbC4E](https://imgur.com/a/ctrbC4E) + +You can play with the [dataset here](https://docs.google.com/spreadsheets/d/18S9anxRQAD6-865Mrdj6Xyr5DiFifSbef2AlFselWQc/edit?usp=sharing). + +**From the data and the chart, it's clear that the markets may rise even further**. Reasons: + +* The ratio reached its peak during the 2000 bubble, and the current levels of the ratio are much below that (although they're reaching the 2008 levels) +* Since early 2020, M2 Money supply has roughly increased by 24% while S&P has increased by 15% + +It's also interesting to notice that CAGR of this ratio over last 40 years comes to be around 2% which is similar to the annual increase of US GDP. Another way to look at this is that, the 8% annual returns of S&P 500 over the last 40 years can be broken down into two parts: + +* 6% annual growth in money supply +* 2% annual growth in GDP + +So, in some sense market's real growth has been simply the GDP growth. + +What do you think about this analysis? + +PS: Sorry, the data isn't very cleanly formatted as I did it very quickly. +This has been an amazing market since April and it is really important for all new investors to realize that these types of wins we are all enjoying on the market is not normal. What we are all experiencing is a once in 20 years rally where virtually everything goes up. There are lots of reasons for this to be happening now from stimulus cheques to lack of sports to bet on and of course shifting economies. What is important is to not lose sight of the fact that this run will not last. We have a finite amount of time to prosper so pick your winners and take profits so that when it does flip to a normal state you will have some cash to wait for the next one... + +I don't know when it will happen but it will happen. Until then enjoy the ride. Just don't FOMO or YOLO. If it flips and you have you will probably lose a huge amount of your investments. Shift some profits to safer investments and hope you all have an amazing year here. + +Good Luck everyone and do your DD on everything... +The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise has a chance to do the same with their proprietary automatic buyback feature and pave the way for other tokens to implement this feature… + +&#x200B; + +The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will never see 2 sells in a row! + +&#x200B; + +Why should you invest in Everrise? + +&#x200B; + +EverRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time. + +&#x200B; + +And now, 17M mcap at launch day! + +Chart : [https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a](https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a) + +Buy on PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6FCd82B45784A245AE85ca31ab54cc5302999392) + + Whitepaper: [https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf](https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf) + +Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +Website: [https://www.everrisecoin.com/](https://www.everrisecoin.com/) +Ontario Teachers’ Pension Plan made some major changes in its U.S.-traded stock investments in the first quarter, a period marked with volatility from the coronavirus pandemic. + +The pension, one of the largest in the world by assets, initiated a position in Microsoft stock and doubled an investment in Alibaba Group Holding American depositary receipts. Ontario Teachers’ also sold Amazon.com and bought 3M stock. The pension [disclosed the trades, among others, in a form it filed](https://www.sec.gov/Archives/edgar/data/937567/000090342320000041/xslForm13F_X01/infotable.xml?mod=article_inline) with the Securities and Exchange Commission. + +The provincial pension, which managed $150 billion in net assets at the end of 2019, declined to comment on its stock trades. Ontario Teachers’ is formidable by its size and its execution, having just ended its seventh year of being fully funded. Its funded ratio stood at 103% at the start of 2020, which meant net assets more than covered liabilities. That is an enviable position. A study by The Pew Charitable Trusts using 2017 data showed that the average American state pension had a funded ratio of only 69.1%. + +Ontario Teachers’ bought 507,493 Microsoft shares in the first quarter. It hadn’t owned any shares of the software giant at the end of 2019. + +Microsoft stock has surged 16.4% in the second quarter through Friday’s close. In comparison, the S&P 500 index, a broad measure of the market, has gained 14.3% in the second quarter. + +The company reported strong fiscal-third-quarter earnings at the end of April, and we noted that observers saw strength in Microsoft’s cloud business. Microsoft stock was a popular pick in our latest Big Money Poll . + +The pension bought 219,600 Alibaba ADRs in the quarter to lift its investment to 438,300 ADRs of the Chinese online giant. + +Alibaba has gained 2.7% so far in the second quarter. Tension between the U.S. and China continues to overhang the ADRs, but Alibaba continues to build out its cloud business. + +Ontario Teachers’ sold 53,905 Amazon shares, slashing its investment in the retail and cloud giant to 1,576 shares. + +Amazon stock has surged 25.0% for the second quarter to date, benefiting from a rush into so-called stay-at-home stocks . Amazon is also looking beyond merely delivering packages in the coronavirus pandemic. In a recent earnings call, the company said it is developing its own Covid-19 testing capabilities . + +3M stock has gained 7.3% so far in the second quarter. The manufacturing giant reported a strong first quarter that was boosted by its health-care and personal-safety-equipment operations. + +The pension bought 90,156 3M shares in the first quarter, lifting its investment to 502,345 shares. + +Source: [https://www.barrons.com/articles/huge-pension-bought-microsoft-stock-alibaba-3m-amazon-51589994778](https://www.barrons.com/articles/huge-pension-bought-microsoft-stock-alibaba-3m-amazon-51589994778) +The more I learn about personal finance, the less it makes sense to me why someone would want to tie their money up in an ~~illiquid~~ investment that doesn’t even keep up with inflation. + +One caveat could be older people who are concerned solely with wealth preservation low-risk wealth preservation, but a friend of mine (28m) got angry and defensive recently when I mentioned my thoughts on this. + +Help me understand why anyone younger than 50 would choose CDs over HYSA, I-bonds, index funds, etc. + +Edit: Thanks everybody for chiming in. This discussion has probed my blindspot and changed my views on CDs to the point where I will likely consider them as an option going forward. A couple key takeaways: + +- CDs used to pay double-digit interest in the 80s, which explains why many older people (and those directly influenced by their mentalities) view them as an investing tool. + +- “Locking in” a good interest rate for a set period is a key component of CDs that makes a lot of sense in some savings situations, something I actually hadn’t thought of. + +- CDs will likely make more sense than I-bonds (what I currently hold for mid-term savings) once inflation settles down. +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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your 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). +&#x200B; + +https://preview.redd.it/jgem2a68nu571.png?width=1426&format=png&auto=webp&s=33d2e8e6888f8bcba670f9e0386edb65b6b104ba + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $223.59 + +&#x200B; + +Open Price: $224.00 + +Daily High: $233.66 + +Daily Low: $221.48 + +Volume: 4.5 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +*If you're new to Superstonk, start here!* + +&#x200B; + +[possible, it is](https://preview.redd.it/40sdwgdosv571.jpg?width=810&format=pjpg&auto=webp&s=41d11ab2da32a628930c11dd818ca0917de875a7) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# NYSE President- ‘Meme’ stock prices may not properly reflect demand + +^(I hate the words "meme stock" but that's the headline) + +&#x200B; + +[**Link to the Reuters article**](https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/) + +&#x200B; + +https://preview.redd.it/yfd129fqzu571.png?width=800&format=png&auto=webp&s=93106d4e6324812d1879dcb726e75ca7af7f7294 + +>Retail brokers say payment for order flow lowers overall costs for individual traders. +> +>But the practice raises conflict of interest questions and will be included in a [**broad review of stock market rules**](https://www.reuters.com/legal/litigation/us-sec-chair-gensler-staff-recommend-rules-ensure-fair-competition-between-2021-06-09/), Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week. +> +>The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said. + +&#x200B; + +I wOnDeR iF iT's DiStOrTeD.... + +&#x200B; + +[**This post by**](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) [**OP**](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) [**u/delicious\_manboobs**](https://www.reddit.com/user/delicious_manboobs/) [**explains why it's kinda' a big deal that the head of NYSE said such a thing. o7 to you, delicious manboobs**](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) **🙌.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME is Primed to Join the Russell 1000 + +&#x200B; + +So what is the Russell 1000 and why is this a huge deal for the future of GME? + +&#x200B; + +[From investopedia:](https://www.investopedia.com/terms/r/russell_1000index.asp) + +## KEY TAKEAWAYS + +* The Russell 1000 Index represents the top 1000 companies by market capitalization in the United States. +* The index is a subset of the Russell 3000 Index. +* The Russell 1000 index comprises about 92% of the total market cap of all listed stocks in the U.S. equity market. +* It is considered a bellwether index for large-cap investing. +* Performance and characteristics of the index are provided monthly by FTSE Russell. + +&#x200B; + +https://preview.redd.it/ykth1xsqvv571.jpg?width=940&format=pjpg&auto=webp&s=b74f4fa51caca9db1803d0dcf61771b89ca47482 + +The official announcements will be made on June 28th. Until then, it's technically speculative based on qualifications. [But major news sources are reporting it already.](https://www.barrons.com/articles/gamestop-amc-russell-1000-51623883459) + +&#x200B; + +# Next stop, S&P 500 + +To be eligible for S&P 500 index inclusion, a company should be a U.S. company✅ , have a market capitalization of at least USD 11.8 billion ✅, be highly liquid✅✅ , have a public float of at least 10% of its shares outstanding✅ , and its most recent quarter’s earnings and the sum of its trailing four consecutive quarters’ earnings must be positive 👀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# RRP Hits Record High at $755.8 Billion + +***That's $200 Billion growth in 24 hours.*** + +So we broke the previous record by $200B. Overnight. Yay, winning! + +&#x200B; +