diff --git "a/reddit_finance_43_250k_129.txt" "b/reddit_finance_43_250k_129.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_129.txt" @@ -0,0 +1,10000 @@ + + + + +Any mistakes I made? Any terms you would add? +I invested 150k yesterday which is the majority of my net worth. I know everyone says “don’t time the market”, but when I saw VTI was down 25% YTD and VXUS was down 27% YTD I decided to go for it. I was planning on investing this money in 2023 anyway so I guess it’s not too big of a deal. Do you think this was a bad decision? I’m not planning on touching this money for 30+ years by the way. +All of this is bananas. This FTX scandal roof blowing off has so much to it. This post is about the token, and how it is counterfeiting and clearly criminal. + +WE HAVE BEEN ROBBED. Also, it’s ANOTHER inside job. I’ve enjoyed the ride, and all of you apes, but I’m fucking angry. There is more proof of The Wall Street Mob Organized Crime Ring collected here, and predicted here, than ever assembled on any scandal in real time. All that DD. They are pieces of the puzzle. A picture is emerging. Time to connect the pieces if we can. + +If this gets swept under the rug, maybe it’s time to question whether RC needs retail investors to get loud so he can get active. I don’t know. All I know is if I’m Chairman and someone is counterfeiting my stock, I’m going apeshit, screaming fraud. Maybe something we don’t know about is holding him back. The level of criminality is astounding. A devoted community of smart morons might need to rise up. A community beyond any one’s control. +We tried being nice. + +The daily thread has had a warning about the survey posts. The joke is done. The joke is old. The joke has bolted the stable, done rounds, fell into a ditch on fire. + +Any more survey posts will lead to a ban worse than the 1 day ban we have been implementing thus far. + +The mods now reserve the right to do whatever the fuck we want until the survey posts stop. The options include but is not limited to: + +-Bans of exponential length. Starting from this moment. The first poster will get a 1 day ban, the second a 2 day ban. The 3rd, a 4 day ban. I know you all still count with your fingers, but the numbers get big. + +-Flairs of any chosen length. Including short single character ones. Which is enough to remind the mods(in particular the main flairer) not to give you a decent one when the idea arises. View it as the dullest mark of shame ever. + +-Whatever the fuck we want. Including randomly chosen ban lengths based on the mood, hunger, which point in our cycles we are at and whether our wives are sharing pics of their date nights. + + +Just stop. +https://news.microsoft.com/2020/09/21/microsoft-to-acquire-zenimax-media-and-its-game-publisher-bethesda-softworks/ + +MSFT announced this morning that they will acquire ZeniMax studios and its game publisher Bethesda for $7.5b. Bethesda is known for the Elder Scrolls and Fallout series, two of the most popular RPG series of the century. This is another addition to recent MSFT video game acquisitions, other major ones being Mojang and Obsidian. +Last weekend I went in the bank and withdrew $385 to pay my rent with. I went hiking and got pretty wet in the process, my wallet included. The bills looked like they got ink soaked in some spots, so I set them out to dry. When they dried I thought they were suspicious and held them up to the light to see if the hologram was visible and it was. I used to be a gas station clerk and if someone paid with these bills they would have looked real to me, so I dropped them in my landlord's deposit box. + +A few days later I get a call from her saying my $100 and $50 bill was counterfeit and confiscated by her bank and reported. I immediately call my credit union and explain the situation and they say they will look into it. I call again the day after (yesterday) and "control" is off during the weekends but the lady said in short that it was not possible to prove the bills came from the credit union and that they could not help me. + +I'm dumbfounded by this. The banks are the ones who are supposed to catch fake money, not give it out. I can see how with the double handling of the cash they would not authorize my funds being returned, but it just makes me angry this happens. + +Most people I've talked to about this ask if maybe the landlord is the origin of the counterfeit bills. I was suspicious of the bills after they had soaked and had a sort of ink stain to them and she said I was the only tenant out of the two who paid in cash that used large bills. + +At the very least IQ credit union will no longer be seeing my business. Is there anything I can do? + +EDIT: Alright, jeez, I'm not going to pay with cash anymore. I thought it would save my landlord a bit of processing time and paid cash as a courtesy. Still, regardless of the reason a bank should not give out counterfeit bills. I know this is all based on my word which is why I'm just going to have to eat the loss. Expensive lesson. +I had a thought recently that I wanted to share. Considering how the media loves to publicize everything GameStop and Ryan Cohen, I found it oddly peculiar that they've been mute about a 40 minute long interview. + +The only thought I had was, if they broadcasted the interview, it would provide credibility or at least attention on GMEDD.com or even his recent books he published. Considering the silence, I can't help but think the situation is precarious or just close (finally) to vertical velocity. + +Happy holidays everyone!!! +I own a property that I bought to “buy and hold”. I am of course always trying to selling at a profit, but am in no rush. + +I have a friend who wants the property in cash, but is not ready to buy just now. They want to buy the property in the latter half of 2020. The buyer is very adamant about wanting this property and does not want to risk loosing the opportunity. Neither of us are super experienced in real-estate so we are not sure the best way to make this work. Here is what we would like to do, but we are not sure how to achieve it legally/contractually: + +(1) Buyer pays me $X a month to retain the “right to buy” at a pre-agreed upon price up until an expiration date. Essentially a ”call option” on the property if you are familiar with equities (we are both finance guys). Each payment extends the ”right to buy” by 30 days. + +(2) As long as buyer pays each month, seller cannot sell, list, or market the property in any capacity. + +(3) Buyer can choose to stop paying at any time, at which point they loose the “right to buy” and I regain the ability to sell, list, market the property. Seller clearly gets to keep whatever was paid thus far. + +(4) Buyer can choose to execute the ”right to buy” at any time up to the expiration date. They can buy the property in cash at the price we pre-agreed on. + +**Is something like this possible?** I was planning to take it to a lawyer but wanted to vet the idea first. Alternatively, is there some other pre-established way to achieve something like this? +Hello friends of reddit! + +I'm a young stupid kid in my early twenties looking to get started into real estate investments. Some general information about my financial situation. I have a pretty solid history of credit with a good mix of credit lines, low revolving balance, and on time payments. I currently work at a regional bank in customer service, and I'm almost finished with a degree in accounting (paid for by my job). Finally, I currently hold my real estate sale persons licenses in my home state. + +My philosophy is to enjoy the journey and embrace the struggle of learning a new skill. I really enjoy learning about the real estate industry, and have a passion for investments in general. I feel competent in my investments strategies in the stock market. However, real estate investing seem more difficult to master, down right intimidating. I've been reading around and clearly there are some very skilled people in this sub. That being said, what advise would you give yourself if you could start all over again? What mistakes could you have avoided if you did some more research? what mindset shift have you had since you gained experience? Finally, what was the moment that everything clicked for you? I can't wait to read your responses, and hear about your journeys! +You GOT to be kidding... + +> GNO sold in auction: 416,667 (4.17%) + +> GNO still held by founders & Gnosis LTD: 9,583,333 (95.83%) + +Please tell how this is not a huge scam.... + +----------- + +Hi Menno, + +We noticed that you may have tried to participate in the Gnosis (GNO) auction through Kraken. It only takes a few minutes for withdrawal transactions to be broadcast to the network, but unfortunately the network became congested and some transactions did not make it to the network in time to be included in a block before the auction quickly closed. + +Good news - if you still want GNO and act in the next 24 hours, Kraken can facilitate your GNO purchase at the auction price. See below for the rules and instructions. If you do not want to participate, you do not need to do anything. You may also purchase GNO later on the open market after GNO trading launches on Kraken (expected sometime early next week). + +Some stats on the auction: + +* The auction started April 24th at 17:00:00 UTC and ended less than 10 minutes later (at 17:09:49 UTC) +* The auction sold out at the highest valuation of 0.6 ETH per GNO +* Raised: 250,000 ETH (~$12,500,000 USD) +* Existing GNO: 10,000,000 +* Implied market cap: 6,000,000 ETH (~$300,000,000 USD) +* GNO sold in auction: 416,667 (4.17%) +* GNO still held by founders & Gnosis LTD: 9,583,333 (95.83%) +* Blocks were flooded and many payments initiated before the auction closed did not make it in + +Rules: + +* To be eligible, you must have initiated the ether (ETH) withdrawal request with Kraken before the end of the auction (prior to April 24 at 17:09:49 UTC) +* You can only purchase GNO for the same amount of ETH as your original withdrawal request - no increases or decreases allowed +* Only one withdrawal request will be honored - if you made more than one withdrawal request prior to the close of the auction, then you must choose only one of these bids to be filled +* The GNO purchase price will be the same as the auction price - 0.6 ETH per GNO +* You must contact us within 24 hours after this email is sent to let us know that you want to complete the GNO purchase (see instructions below) +* You cannot transfer your right to purchase GNO to anyone else + +Please follow the instructions below EXACTLY - we may not be able to complete the purchase if there are any errors in your request + +Instructions: + +Go to https://support.kraken.com/hc/en-us/requests/new?ticket_form_id=659728 and fill out the requested information in the form +Make sure you have sufficient ETH balance in your account to make the GNO purchase and make sure it isn’t tied up in pending orders to sell the ETH for another currency or to buy another currency with ETH - if the ETH is tied up in pending orders we will not be able to complete your purchase +GNO is not a collateral currency for margin trading, so make sure you close any margin positions that might get liquidated due to lowered collateral when your ETH is converted to GNO +Thank you for choosing Kraken, the trusted and secure digital assets exchange. + +The Kraken Team +I see all these very interesting posts about valuation and technical analysis and market cap and all these other terms that I've learned a little about but don't feel like I have a very good grasp of. Where did you guys learn all this stuff? Is it taught in business school or econ classes or what? +Nov. 22, 2022 3:27 pm ET + +Copy pasta from WSJ: + +Sequoia Capital apologized to its fund investors for the $150 million it lost on crypto exchange FTX, said people familiar with the matter, a rare moment of contrition for the storied venture-capital firm. + +On the call, Sequoia’s **partners** told the fund investors that the firm would improve its due-diligence process on future investments and that it believed it was misled by FTX based on its recent bankruptcy filing, the people said. + +The call was a rare moment of contrition for Sequoia Capital, the early backer of Apple Inc., Alphabet Inc.’s Google, and Airbnb Inc. that has long been seen as the gold standard in the venture industry for its high investment bar. The firm earlier this month wrote off its entire investment in FTX—one of the largest written by a venture firm in the company—after the crypto exchange struggled to meet a wave of withdrawals. FTX filed for bankruptcy protection on Nov. 11. + +In the call, a Sequoia **partner** said that the firm in the future will be in a position to have even early-stage startups’ financial statements audited by one of the Big Four accounting firms, the people said. + +Sequoia was one of scores of venture investors who piled roughly $2 billion into FTX amid last year’s boom in crypto investment. Eager to get into the hot startup, they shirked traditional corporate controls such as external board oversight that are typical for such large investments. + +In the call, Sequoia **partners** said the firm conducted due diligence on FTX but believed it was misled by the company’s founder, Sam Bankman-Fried, on the exchange’s connections with Alameda Research based on recent bankruptcy filings, the people said. + +FTX, based in the Bahamas, and its U.S. arm used a pair of smaller auditing firms to sign off on their 2021 financial statements earlier this year, according to documents viewed by The Wall Street Journal, and the executive hired to shepherd FTX through bankruptcy has expressed “substantial concerns” about the quality of FTX’s audited statements. + +The ties between FTX and Alameda were central to FTX’s implosion. Mr. Bankman-Fried has told investors and employees that FTX loaned customer funds to Alameda, which lost billions of dollars after crypto prices fell earlier this year. He told investors FTX faced a funding gap of up to $8 billion. + +Edit: [Relevant Superstonk post discussing Sequoia/Shitadel partnership](https://www.reddit.com/r/Superstonk/comments/s1cu1h/whos_sequoia_capital_pouring_money_into_citadel/) credit: u/0nlyGoesUp + +[Original WSJ article](https://www.wsj.com/articles/sequoia-capital-apologizes-to-limited-partners-for-ftx-investment-11669144914) +With not much to back it up, other than the ETH/BTC ratio going up, XRP surpassing ETH repeatedly, tradingview showing a buy recommendation for the first time in months, good daily address growth and a distinct gut feeling. Just wanted to be the first to call it. Downvotes accepted. +http://www.moneycontrol.com/news/business/companies/rana-kapoor-in-talks-with-paytm-to-sell-stake-in-yes-bank-4418871.html + + +Rana Kapoor looks at exiting Yes Bank by selling his and his family's stake to Vijay Shekhar Sharma for up to Rs 2,000 crore. +At the end of the day, the MOASS is a negotiation. You have a buyer on one end, and a seller on the other where a price will be determined to exchange a share(s) of GME stock. + +I have been part of the ape community since February and I haven’t posted, mainly because I wanted to fully understand what was happening. As the squeeze gets closer, I felt it was important to provide some negotiation principles based on my personal experiences as a negotiator. + +I was in a professional workshop many years ago and the instructor setup “mock” negotiations throughout the training. The final exercise was a one-on-one negotiation where one individual was a buyer who needed a rare diamond, and the other party was the seller who had the rare diamond (what irony!). The instructor sends you off with the instructions “if you don’t come back with a deal, you are disqualified”. + +What makes this an effective exercise is the instructions purposely omitted a “price” constraint, so this forced you to effectively negotiate on the basis of the value YOU placed on the diamond. As the various participants came back from this exercise, the deals reached shined a HUGE light on who was best at accessing value. You had individuals who settled on a price of $50 dollars, and others who came back selling the diamond for $50bn. How does that happen? It is because the savvy sellers knew they had the upper hand because they owned the only diamond the buyer needed and made sure they valued their diamond based on this knowledge. Plus, the pressure of "if you don’t come back with a deal, you are disqualified" provided the necessary time constraint to force the negotiation. + +Ok….great…..now let’s bring this back to GME and how to negotiate. + +**Develop your Plan** + +It is critical to create a plan ahead for any type of negotiation. The benefits of understanding how you plan to deal with uncertainty while you have a clear head makes it easier when you get into the heat of the moment when actively negotiating with the other party. This is the time to get your head wrapped around what you will do and determine your target selling price. + +So how do I create a plan? + +**What’s on their sheet of paper, who has the power?** + +The concept here is understanding what the hedgies have on their sheet of paper for this negotiation. This is where the amazing DD over the past several months has helped inform the hedgies sheet of paper. + +*What is known:* + +They have a ton of IOU’s they need to pay back, time is not on their side, they are losing money by the day, and there are regulation changes happening that are not in their favor. Moreover, they have to purchase shares regardless of price because if they do not, the liquidation process begins and it happens anyways. + +*What is on your sheet of paper:* + +It is important to know what is on your sheet of paper. I believe the hedgies know yours, and have tested their assumption multiple times over the past few months with their various tactics (RIP paper hands). + +As you look at a macro-level, the apes sheet of paper looks good. The chances of GameStop failing as a business is unlikely given the recent changes in leadership/strategy/balance sheet, the recent trading volume is showing no one is selling, and it is likely retail owns a significant share of the float (if not more). I would say the weakest area is millions of shares spread across hundreds of thousands of people, so the apes strong together concept is quite obvious here. + +However, I do want to acknowledge those who over-leveraged themselves financially, this isn’t a good position to be in. This is where paper hands can creep into the negotiation which could dilute your ability to power through the emotional roller coaster of this negotiation. If your livelihood is at risk, you will make more emotional decisions…I will cover this more in a bit. + +**Know your value** + +As the DD will tell you, the owners of GME shares have a valuable asset needed by the other side. It is so valuable, it can command any price as long as this asset is hard to come by when it is time for the buyer to purchase these assets. This is the concept of HODL, the longer these shares are not available for sale, the higher the price can climb. It is important in this negotiation to understand the value only increases as time goes by, especially when you know what’s on the buyer’s sheet of paper (see above). + +**Raise the Bar** + +As I have been following this community for several months, I am impressed with this principle being displayed loud and clear. It is important in a negotiation to “raise the bar”, meaning, don’t settle for your target, raise it. If you follow the progression of this squeeze, it is apparent many would have been fine with a $1k share price. However, the power of information has “raised the bar”, and there is confidence the share price can reach unfathomable numbers. If you see me in a negotiation, I will commonly say "do better!", this is exactly what I am talking about. + +**Control your Emotions** + +For most apes, this will be the highest-stake negotiation ever experienced in your life (including myself). It will test your emotions and ability to make sound data driven decisions during a chaotic moment in time. The point in creating a plan is to best prepare yourself for the critical time in the negotiation so you do not make a mistake, or worse, not know what you should be doing in the first place. + +Keep calm, stick to your plan, and trust those in the long position (holders of GME shares) understand the value at stake. + +There has been plenty of posts on figuring out your exit strategy and what is best for you. I couldn’t agree more. However, it is important to understand the seller is in the power position for this negotiation. The longer the sellers can HODL, the higher the price will go. + +**Pulling it all together** + +If you have gotten this far, you should have a sense of how to construct your plan + +1. I know what is on the buyers sheet of paper (the DD will give you this answer) +2. I understand the value of my shares (Valuable AF) +3. I need to raise the bar on this negotiation (Know your target price, then raise it) +4. I am confident in my plan and will not let emotions derail me (Prepare, prepare, prepare) + +I hope this gives you crayon eaters something to think about. There is enough information in this sub to know you are in a power position for the negotiation. It is time to prepare for it and know how to win. + +**TLDR** + +The seller has the power position in this MOASS negotiation. It is the seller who will determine the eventual price of the stock when it reaches the point of value they feel is fair to sell. + +HODL, know the value of your share(s), and prepare your emotions for the highest-stake negotiation of your lifetime +I’ll be honest, I’ve been to dollar stores a few times this year to get a couple things. Does anyone else still go to dollar stores or other popular stores from time to time even after FATFiring? + +I just read this +https://www.cnn.com/2022/09/08/business/dollar-general-shopping-retail/index.html although inflation isn’t my motivation necessarily - it’s just that they have a few useful things and I keep a simple life overall + +(Ironically, typing this while flying first class on a quick trip overseas 🤣) +I have been a fan of this thread for a long time and I want to give back with some of the knowledge that I have procured in my career and life. As some background I have have experience trading Equities, Derivative products (predominately options), and futures. I have experience in employing ML algorithms towards the financial markets, writing and applying algorithmic trading strategies, and developing custom financial programs/GUIs. I have also written a complex algorithmic order management system that is actively employed at an institution and is used daily. +I have been a fan of this thread for a long time and I want to give back with some of the knowledge that I have procured in my career and life. As some background I have have experience trading Equities, Derivative products (predominately options), and futures. I have experience in employing ML algorithms towards the financial markets, writing and applying algorithmic trading strategies, and developing custom financial programs/GUIs. I have also written a complex algorithmic order management system that is actively employed at an institution and is used daily. +With the crypto bear market happening, There are a lot of crypto companies that are affected by the bear market. The worst that got affected was Celsius which just recently filed for Chapter 11 bankruptcy. + +While the majority of crypto companies are joining the firing frenzy, some are not. There's Nexo only making use of overcollateralized loans, which are by definition sustainable. They are extremely cautious and have no involvement in high-risk DeFi projects which is key to why they survived the bear market. There's also Haru Invest which is very different from other CeFi services. They don't place their customer's funds in DeFi or other platforms. They have an actual arbitration/trading product that is true and tested. And then there’s also Whalefin landing a major Kit Sponsorship Deal With Spanish Atletico Madrid. + +Although a global pandemic is much worse than a recession, the markets managed to survive it. Only the bad players are usually weeded out while the good players stay. + +The situation is not nearly as bad as a global pandemic, despite the fact that inflation is bad and we are in a recession. Even then, the markets eventually recovered after hitting a bottom at a very basic macro support. A recession, fluctuating interest rates, and inflation are all perfectly normal aspects of an economic cycle. + +Crypto reacts much more quickly than stocks. Stocks are elderly men trying to cross the street, while crypto is a squirrel on crack. By the time stocks have finished pumping or dumping, crypto has already crossed over. That applies both ways, and history suggests that a bottom will form before stock prices do as well. + +This whole thing is basically just a roller coaster ride and you are in it. There will be good and bad times. It’s up to you if you’ll continue to join the ride. +I’m going to college next year and don’t really expect to get too far ahead by working for 6-8 months beforehand. I do however have some really great scholarships and I’m going to a state school so I should be out with minimal debt. + +That being said. How much should I dedicate towards saving a month? My starting pay is $12 hr and I with be working 15-20hrs a week (as I am still in highschool). + +I have no bills, no car, and I don’t need a car for the next few years. +For context, wife and I are currently 25 years old and have 7 rental units at the moment, all owned in our names. We started in 2021 with the idea of FIRE or Barista FIRE (only work a part time job) at the age of 30 (approximately 5 years from now or 2027). + +Our goal: purchase Small-Multifamily Properties with the idea of getting 15-20 units total. Most of our portfolio will focus only on Cashflow (little to no appreciation, just steady income) with some being appreciation focus (lower to no cash flow but will invest the equity in future deals). After acquiring these 15-20 units, we then pay off all the mortgages and watch our Cashflow double (sometimes triple!) because it is just collecting rental income from there. With that monthly income, we will then quit our high paying jobs, live in a LCOL area, and be completely FIRE or Barista FIRE. + +Does this sound crazy or are there other things we should take into account? + +Note: All of these properties will have Property Managers as we don't like Self-Managing and we will be taking into account Vacancy, Capital Expenses and monthly maintenance INCLUDING all properties having a 4-month Safety Net, just in case. + +Thank you! +Hello /r/financialindependence, + +I am back once again for another (my third) update. + +For those interested, [here is my first post](https://www.reddit.com/r/financialindependence/comments/92paf7/29m_single_no_kids_just_hit_300000_net/) from when I hit $300k in 2018 and [here is my second update](https://www.reddit.com/r/financialindependence/comments/m3da87/update_31m_single_no_kids_just_hit_620000_net/) from when I hit $620k last year. + +Once again, I would like thank everyone who contributed to my last two posts. I read every one of your comments - many of which were extremely eye-opening. + +I want to reiterate my motivation for these posts: +> First and foremost, I hope that this post can serve as some sort of inspiration for someone or, at the very least, provide some sort of value. Second, maybe someone more experienced than I can give me some pointers. + +Let's look at some numbers! + + + +## **Career Progression** - updates in **bold**! + +Year | Job | Title | Compensation | Notes +--- | --- | --- | --- | --- +2011 | Startup A | Internship | $15/hour | Landed an internship through a professor while in college. +2012 | Startup A | Junior Engineer | $60,000 (+92.3%) | Graduated with $70,000 in student loans and stayed at the same company. +2013 | Startup A | Mid-Level Engineer | $70,000 (+16.7%) | Promotion +2014 | Startup A | Mid-Level Engineer | $80,000 (+14.3%) | Performance increase. Also, I bought a house this year. +2015 | Startup A | Engineering Manager | $85,600 (+7.0%) | Moved into a technical management role. +2017 | Startup A | Engineering Manager | $91,000 (+6.3%) | Performance increase +2017 | Startup B | Contract Engineer | $20,000 (-78.0%) | Finished paying off my student loans and needed a break from the grind. Sold all my stuff, rented out my house, and moved to San Juan del Sur, Nicaragua where I contracted for a hospitality startup for 6 months in exchange for some cash, room and board, and food. +2017 | Startup A | Director of Engineering | $110,000 (+450.0%) | Original company contacted me wanting to start an engineering office in Santiago, Chile. They offered me more money and an inflated title to move down and get it running. I got to live abroad, got more money, and got a fancy new title so I took the job. +2018 | Startup C | Contract Engineer | $20,000 (-81.8%) | I stuck it out for a year but living in Santiago wasn't for me and the job was too stressful. I departed on a motorcycle trip from Colorado to El Salvador. I contacted a friend I had met as Startup A who had started his own digital marketing company and he contracted me for about 15 hours a week. +2020 | Corp D | Senior Engineer | $267,000 (+1,235.0%) | After an almost two-year motorcycle trip across in Central America and Southeast Asia, I ended up stranded in Sri Lanka for four months due to Covid. Fear of economic disaster prompted me to look for a new job. +**2021** | **Corp D** | **Senior Engineer** | **$277,681 (+4.0%)** | **Performance increase** +**2022** | **Corp D** | **Senior Engineer** | **$294,341 (+6.0%)** | **Performance increase** +**2023** | **---** | **---** | **$0 (-100.0%)** | **At the end of the month, my girlfriend and I we will both be quitting our jobs and going to Asia for 6 months. For the second half of the year, we plan on traveling the US by by van to find a new place to live!** + +[Here](https://i.imgur.com/qBhMYZg.png) is a bar chart of my compensation over time. + +Career Progression Takeaways: + +- **The Sky is the Limit**: When I was in college, I thought if I could somehow figure out how to make $100k a year, I would be set. And it's true, that's far more money than I need to live. But, around 2017, a friend introduced me to a mobile app called Blind. Blind is a toxic social media application where privileged Silicon Valley tech bros openly and anonymously complain about their overinflated compensation packages. A lot of these guys are making a half a million dollars a year or more. I had an epiphany. The only thing holding me back was myself. I was earning what I thought I was worth and all I had to do was mentally adjust what I thought I was worth. In 2020 I was stuck in Sri Lanka for a few months. I started studying, sourcing referrals from the highest-paying companies, and telling them I wasn't considering any offers under $250k. And it worked. +- **Know What You Live For**: I don't spend a lot of money on stuff but I do spend a lot of money on experiences. Most of those losses come in the form of opportunity costs. Traveling can be pretty cheap but quitting your $300k job for a year means you are not making $300k you could have made. But, experiences and relationships are what drives me. It's hard to get over that mental hurdle but, to me, it's worth it. +- **Filling the Gap**: In 2017 and 2018 I took ~80% pay decreases so that I could take a break from the grind and do other things. During this time, I sourced contract work. I didn't do that for the $20k. I did it to avoid large gaps in my job history. This upcoming trip, I'm not doing that because my job has offered to take me back when I return and I don't love working on the road. My point is, if you do this, just make sure you are employable afterwards. +- **Set a Date**: Wether you are switching jobs or taking a sabbatical, set a date and stick to it. I stayed at the first job far longer than I should have because I kept saying I would quit "next year". I was working in a stressful environment for subpar pay. This year, I am quitting my job during the onset of an economic downturn. This is the best time to be employed so you can contribute to your investments while the market is down. But, I already set a date and I am 100% sticking to it. +- **The Switcheroo**: Early in my career, I always made the mistake of thinking my job gave a shit about me. Loyalty is not a valid reason to stay at a job - compensation and work-life-balance are. Each time I have made a career change, my happiness, and usually my compensation - has increased. + + +___ + +## **Asset Classifications** + +Classification | Amount | Percent | Note +---|---| --- |---- +Taxable Brokerage | $796,564 | 76.2% | +401k | $125,931 | 12% | +Cash | $55,321 | 5.3% | This money should should cover me for the next year. I am buying a parcel in Michigan in case the impending climate emergency gets out of control. +Roth IRA | $46,494 | 4.4% | +Crypto | $12,935 | 1.2% | Doing a bit of gambling. I hit a 5x last time ($80k) so figured I would try my luck again while the market is down. +HSA | $8,759 | 0.9% | + +[Here](https://i.imgur.com/qsKgajv.png) is a pie chart of these classifications. + +Asset Classification Takeaways: + +- **Boring is Better**: For the most part, I have been following the classic Boglehead approach that many of us here are following. I max out by 401k, HSA, and Roth IRA (backdoor) before contributing to my taxable brokerage. It's funny how boring this investment approach is. It's simple and lacks the dopamine hit that stock picking has. +- **Share the Wealth**: Sometimes I get so fixated on personal finance that I forget who illiterate the average person is. I have been mentoring a few coworkers lately who have hundreds of thousands of dollars just sitting in their savings account. I haven't been telling them what to buy or anything - just explaining basics like the value of diversification and how unlikely they are to beat the index. I think it's one of the best gifts you can give someone. +- **Luck**: I know what you are thinking. This guys numbers don't add up. A few things note here. + - First, I finally sold my rental house. I bought my home in 2014 for $295k. At the time, I was just being a consumer and wanted a fancy house with way too much square footage. I ended up getting super lucky on the market timing. When I sold it last year, there was $250k left on the mortgage and the buyer paid out $600k. + - Second, my company stock makes up a hefty chunk of my compensation at my current company. When I started (my grant date), the stock price was at $83. I sold at $200. I ended up pulling between $300k and $400k the past two year. That's how I hit $1M regardless of the market downturn. + + +--- + +## **Asset Allocations** + +My taxable accounts, 401k, Roth IRA, and HSA account for **$977,747** (or **93.5%**) of my net worth. Let's take a look at what that portion of my portfolio is comprised of. + + Asset | Amount | Percent +--- | --- | ---- +VTSAX | $858,613 | 87.8% +VTIAX | $99,052 | 10.1% +Individual Stocks | $13,544 | 1.4% +VNQ | $6,538 | 0.7% + +[Here](https://i.imgur.com/AYjqBtu.png) is a pie chart of these asset allocations. + +Asset Allocation Takeaways: + +- **Stop Gambling**: I am down **51.4%** (**~$14,000**) on my individual stocks. I'm so stupid. I should really cut my losses and just sell all my individual stocks but I have such a hard time selling when I'm down. +- **Changing the Plan**: In my last post, I mentioned I was following the "[Core Four Lazy Portfolio](https://www.bogleheads.org/wiki/Lazy_portfolios#Core_four_portfolios)". As you can see, this is no longer the case. It's partially out of laziness and partially strategic. Please tear me to shreds if you disagree with any of my moves here. + - I pulled out of bonds simply because I'm young and really don't mind the risk exposure at this point in my life. + - I stopped contributing to REIT's (VNQ) because I owned a home at the time of my last post and felt like I had enough exposure to real estate at that time. + - I stopped being anal about balancing my international (VTIAX) and domestic (VTSAX) exposure. Maybe I'm just being lazy. +- **Don't Be Biased**: When my company stock vested, I help onto it for a while because I worked at the company and believed in the mission. At one point, one of my coworkers asked me if I would invest in the company if I had cash. My answer was no. I sold the next day. You get the idea. + +--- + +## **Liabilities** + +None! Now that I no longer have a house I am debt free. + +--- + +## **Expenses** + +I'm not aggressively tracking my expenses like I used to. I have gotten so comfortable with my spending habits that I don't really see the point in focusing my energy towards extreme budgeting. + +That being said, I created [this Sankey chart](https://i.imgur.com/MH2Mt7S.png) to give you a rough idea of what my extrapolated 2022 will look like. Since I always get a bunch of questions about how I create these types of diagrams - [sankeycash.com](https://sankeycash.com/). + +I still cook my meals at home. I still don't buy frivolous things. I still don't have an Amazon account. I no longer have a car. It broke down about 9 months ago and I never replaced it as I have a pretty nice bicycle I built. + +*But*, my bills have increased. + +A year ago I moved in with my girlfriend. I gave up my $600 (including bills) living situation for a $1,000 (not including bills) living situation. I pay for 75% of the groceries, bills, rent, etc. She makes far less money than I do. I care about her, want her to have a good standard of living, and I want her to be able to reach her financial goals as I have been able to. So I am happy to help. + + +-- + +## **Final Thoughts** + +I would just like to thank everyone in this community for the plethora of knowledge. + +I would also like to acknowledge that everyone has different circumstances: different incomes, different educations, different levels of privilege, children vs no children etc. + +I hope that these posts don't come off as any sort of humble brag and I know that some of these takeaways don't apply to everyone. + +I think there's this sweet spot between building wealth and living your life and I hope everyone here finds it because lord knows everyone deserves it. I try to work towards it every day! + +That's all for this time. + +-- /u/fz-09 +So I’ve been doing some back of the envelope math, and am thinking that if you live in the West Coast, Northeast, Chicago, Honolulu, or Denver, you need to be literally made of money and sweat solid gold to ever even dream of home ownership. + +So where I live, of the three city / county areas I’d want to live to not be an hour away from work, and even looking primarily in areas with bad schools for...reasons, the average house cost is $500k for a WWII era run-down shoebox of around 1200 square feet. And we don’t even crack the top 10 list of most expensive areas! + +Going by PF logic, I then need: + +* 20% downpayment = $100k +* 3% closing costs = $15k +* 1% of the cost of the house annually for repairs = $5000 +* Property tax, school tax, asshole tax, you-lookin’-at-me-kid tax, etc: $925 a month or $11k annually +* Mortgage payment and insurance: $2500 per month or $30k annually + +Then you need 6-12 months of expenses saved for an emergency fund. So call it 12 to be safe, and we need $30k mortgage + $11k taxes + $5k repairs + $36k other living expenses = $81k. + +So let’s add all these up and see how much we have to save before we can buy our first (crappy, 1200 sq ft, WWII era) house! + +$100k down payment + $81k emergency fund + $15k closing costs + $5k repair costs = **$201k**. Just to get in the door and still owe $400k! + +Let’s say the average person can save 10% of their monthly after-tax income. How long does somebody have to save before they can responsibly dream of owning a house? + + +* Let’s say you make the US median of ~$50k. At $50k salary = $35k take home = $3500 annually — a mere **54 years**! +* Oh, well, what if you make more? How about $75k, the median for an individual with a doctorate degree? **38 years**. +* Or what if you have an MBA and make the median $100k that folk with Professional degrees make? **29 years**. +* What if you’re in the top 1.5% for income and make $200k annually? **11 years!** + +Even if you can save 20% of your after-tax income, you’ll just cut these numbers in half. + +What is the average time before changing jobs? Well if you’re above 25 and relatively stable, between 70%-87% of people will still change jobs within 5 years. So you’re between 10% and 45% of your house-saving goal by the time you’ll get a new job and have to relocate anyways. + +Conclusion: homeownership in highly populated / coastal areas is essentially impossible for 99% of the population to strive for “responsibly.” + +Judging by the numerous all-cash no contingencies offers the crappy shoeboxes all around me get within 48 hours of listing, I’m going to hazard a guess that either nobody is buying a home “responsibly” or the rich are buying up literally every property everywhere and we’re all doomed to be serfs to wealthy landowners forevermore. And that is my cheerful thought of the day! :-D + +Thoughts from folk here? +I m trading for 2 years now , i didn't see results yet,if someone make living from it just lemme know in the comments,i just want to know if it even possible,i don't want to waste more time studying +I recently bought a number of items from an estate sale because we refinish antique furniture and resell for profit. + +This morning I saw an envelope stuck behind a drawer and its a common stock bearer bond for 1,100 shares of the Washington Post company which is now owned by graham holdings. Its signed by the registered transfer agent and what I can see everything looks legitimate. + +Could this be worth any money? Im trying not to get too excited because it would be way to good to be true if it was. + +&#x200B; + +Any advice on how I should proceed would be greatly appreciated. Thanks! +The Form 13H is required by law to file within 10 business days after submitting a large transaction.. +This is required for the SEC large trader reporting system. + +So who is a large trader? It's either a natural person or a legal person that trades: + +- 2 mil shares or shares that reach a threshold of $20 mil within 24 hours. + +- 20 mil shares or $200 mil in total worth within a calendar month. + +If you like to learn more about it here is a link that summarizes it nicely: + https://content.next.westlaw.com/Document/If3301d7f24a811e598dc8b09b4f043e0/View/FullText.html?contextData=(sc.Default)&transitionType=Default&firstPage=true + +Not filing the 13H with the SEC will not only make them squeeze your nutsack but will make them slap your wrist really badly and taking some $50k from you so don't delay, file on moass day! + + +FAQ Edit: Since the most asked question seems to be weather people from other countries have to file this form aswell, I bold it for better visibility: +------ + +Big thanks to u/blagger89 + +For EU / UK / International apes. + + +Are non-US entities that are Large Traders subject to a specific exemption? +----- + If a non-US entity effects transactions +through a non-US intermediary, what are the required actions? +The Adopted Rule requires a non-US entity that is a Large Trader to comply with the identification requirements of Form +13H. With respect to the recordkeeping and reporting requirements, however, the SEC notes that recordkeeping and +reporting requirements of the Adopted Rule explicitly apply only to US-registered broker-dealers. +In the Adopting Release, the SEC provides guidance regarding dealing with non-US intermediaries. The SEC states that +when a U.S.-registered broker-dealer deals directly with a non-US entity that is an intermediary, it would treat that +intermediary like any other customer: it must collect the information specified by Adopted Rule 13h-1(d)(2) about the non- +U.S. intermediary’s transactions (if it is a Large Trader) and, if it is an Unidentified Large Trader, the broker-dealer must also +collect the information specified by Adopted Rule 13h-1(d)(3).10 The Adopted Rule does not require a registered broker- +dealer to collect identifying information for the non-US intermediary’s customers. + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.shearman.com/-/media/Files/NewsInsights/Publications/2011/11/Large-Trader-Reporting-FAQs/Files/View-full-memo-Large-Trader-Reporting-FAQs/FileAttachment/LargeTraderReportingFAQsFIA110911.pdf&ved=2ahUKEwj5m7O_gcfyAhUIRUEAHdmqDIsQFnoECBAQAQ&usg=AOvVaw0_T3E1hPq7izTIGE7qSOt8 + +Interesting note for all T212 users (Omegalul on anyone still using them): +------- +Thanks to u/LannyDamby + +Just asked Trading212 and this was their response + +"Please note that as an FCA regulated broker, we do not require this from our clients. Also please have in mind that we do not submit anything on behalf of our clients and they have to submit the relevant information themselves. + +I would like to inform you that it is not required to fill in any form since shares are held in an omnibus account." + +My thaughts: +Seems like with some brokers you are not legally obliged to file the 13H because you are not officially the holder of the shares. Some brokers (like T212) hold the shares on behalf of you (IOU of a stock) and they file the 13H because in theory you hold nothing. Its a strange bastardized form of an over the counter trading agreement with your brokerage. + +Edit: Big thanks to u/PlasmaTune for providing the actual link of the form 13H PDF. https://www.sec.gov/files/form13h.pdf + +Edit 2: Due to FAQ: ~~yes, even Euroapes have to file this form. It is international. If you check the PDF you see that you have to include the country, zip/postal code etc. As long as you trade an American stock and reach the threshold, you have to file this form.~~ Unconfirmed, I have no sufficient data on this topic. When someone with more wrinkles educates us on this, I will update. + +Edit 3: Here the FAQ site on the SEC website regarding the form 13H. Sadly no info for international traders. https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm + +Edit 4: According to scotia Itrade (Canada), 13H has to be filed by Canadians but they (the broker) might file it themselves. Thanks to u/ResidentBee99 + +Edit 5: From the wording on the FAQ page of the SEC it seems like you only have to file the 13H once, because then you are electronically registered as a large cap trader. However I am no legal advisor and no expert on that field at all. + +Edit 6: To file the form you have to register yourself with Edgar. https://www.sec.gov/edgar.shtml + +Fun side note of an ape texting me personally because he does not meet Karma requirements to comment: +--------- +PM by u/stairwaytothestonks + +// +Hello there, + +Thanks a lot for posting this. I digged a little into the SEC's website and noticed that it states that this rule applies when we reach the threshold of 20M$ / trade with a FAIR MARKET VALUE. + +But if most of the everyday trades on GME goes through a dark pool then can we really consider it to be enforcable ? I am in no way legally qualified to answer this but it made my spidey sense tingle :) I don't meet superstonk's karma requirement to comment on my own so if you could put an edit on your post about this I'd be grateful since I would be interested in the answer of some more wrinkled brains :) 🙏 + +The link of the sec's website : https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm + +Cheers +// + +I personally don't know if this actually has any legal merits. As a fact we apes know that the price is wrong and not fairly declared but in an event of a short squeeze (which is the epiphany of price discorvery and proper consolidation) it seems like the price will be displayed truthfully for the first time since several years. I personally will file an 13H even if I'm an german ape. I just don't want to give the US government any chance of being able to fuck me over post tendieization. +Hello all, I am writing this post as a means of starting a discussion about Disney in which you are all welcome. This will be long - please scroll to the TLDR if you do not wish to read. + +The external internship I work for decided yesterday to liquidate our portfolio’s positions in Disney that we have held since 2018 (approximately $32,000 total, 2 positions, 1 for ~12% return, 1 for ~13% return). “Good god why would value investors such as yourselves sell one of the widest moat companies of our time?” is I’m sure the question most of y’all are thinking. Well... hear me out, here are our 6 reasons. + +1. Disney is taking on MASSIVE debt, and has passed our threshold for obligation ratio. + +The Warren Buffet way of calculating obligation ratio (which is how many years it would take a company to pay off its debt) suggests that businesses with ratios over 5 years can be in trouble and that investors should be warned. Disney recently took on 11 billion dollars in new debt to ease the burden. It has pushed their obligation ratio to almost 9 years. This is approaching dangerous territory. However, this is subject to change if earnings come back. + +2. Disney is losing HUGE amounts of money everyday. + +They are losing about 500 million every two weeks from their parks, and they are losing 10s of millions of dollars per day maintaining their cruise lines that are sitting in dry dock. Neither of these figures include lost revenue in all of their different film and television ventures, like ESPN, and Marvel Films that were in production. They are being attacked on every front of their business. Their only venture that is not actively losing money is their subscription streaming service Disney+, however they are not yet profitable because it is a recent venture. + +3. Disney’s future is not in their own hands. + +Disney needs the re-opening of the parks, the allowing of cruise travel, and the ability to group many people together to make movies, television shows, and film sports (for ESPN revenue). This is not up to anyone at Disney. This is in the hands of the US and other governments, which doesn’t seem to be looking optimistic. Bottom line- Disney needs a vaccine, or a radical change in government policy to get their business back to its former glory. + +4. Consumer behavior is a big factor + +While more a matter of opinion and speculation than fact (which should mostly be avoided in this line of work I know), my company is under the impression that consumer fear will cripple Disney’s earnings even when they can come back in full force. While this would not be a big issue normally, a company that is taking on big debt.... will also have big debt payments shortly around the corner. If earnings don’t return in a big way, that’s a big problem. + +5. New Normal + +Disney will someday return to normal, but what that will look like is up to a variety of factors. Like how long the coronavirus world lasts, consumer behavior, which aspects of their industry can return to normal faster etc. As I said earlier speculation is not something we like to usually dabble in, and if we’re having to use a lot of it to prove our way into an investment we’re no longer doing our job as value investors. + +6. We are investors who want to maximize return, nothing else. + +Disney is a feel good company, and has been a blue chip for decades. But, the bottom line is that there can be no attachment to a company. Investing our money in a security has one purpose... maximizing return... PERIOD. If we feel that the money tied up in an investment can be allocated elsewhere and make more money we make the move. + +In conclusion, our thought process is this. Disney’s current situation makes the company no longer predictable, consistent, and easy to understand. It’s a mess, with a tidal wave of uncertainty surrounding it. Why ride the storm? When so many companies have performed well throughout this once in a lifetime economic situation. We know Disney will come back one day, and when that day comes, we will look at it again. + +On the debate side, I know there is a lot of approximations on the figures. Please feel free to fact check everything. Also, feel free to attack any argument I have made! + +ADDITIONAL IMPORTANT EDIT: Our entry point in Disney is key point as well. We bought in to both Disney positions somewhere in the low $90 range. If we owned Disney since 2009 for example, at a considerably lower cost, our lens may have been different. + +TL;DR: Disney has one too many holes in its armor. Allocating our money elsewhere seems to be a safer, and more profitable move. We understand Disney will return one day, but it’s not a good investment for us now. Now debate me :) +We’re finally seeing the impacts of Powell’s infinite money printer and it’s not pretty. Inflation has been increasing since January and was just reported to be 6.2% in October. I believe that number will be the same, or higher, for the month of November and the market will react accordingly. I’ve sold the stocks that I believe will be vulnerable to the increase in inflation (DIS, VITL, JPM), and have bought 1/20/23 ITM LEAPS for PG and JNJ who’ve historically performed well during periods of inflation. I also believe their brands are strong enough that their customers will buy their products regardless of a moderate increase in price. PG has already started increasing prices and has had success. A storm is brewing, and I think it’s time to talk about it. +*I posted this yesterday but it was removed by reddit because I said the website of the scam. Now I repost it without any information so please don't ask for it. Anyway the website is now deleted so you can't see anything.* + + I own a telegram group where this morning an user entered telling everyone to be quick because today it was starting the private sale of a new coin. + +I looked at its website and it was clearly made by an amateur. It's whitepaper was a joke. + +However, the devs officially doxxed themselves and most users in their "official" telegram group were starting to believe in this scam. + +I noticed some users were clearly fake, saying things like "I follow this project since 1 year and it's amazing" but I checked and the **group was created just few days ago so how they were following this project since 1 year ago?** + +I then decided to **contact on LinkedIn the 2 official admins of the project**. They both answered me that they had nothing to do with it and clearly someone took their names and photos and posted them on that website. + +45 minutes were remaining before the private sale would start. By the way, the private sale was going to work in this way: they would publish a bsc address and everyone had to send bnb at that address. In exchange they would receive back 2000 of these new tokens. + +I posted in their group that admins were liars and that the people listed in the official website were not related to this project in any way. + +They accused me of fud, I had no proofs. Also they were deleting most of my messages. + +**Then I tried what I thought was impossible, because only the worst amateur would make such a mistake: I did a whois of the domain of their website** and found out the website was created just 2 days ago, and I found the name and the address of the owner. This guy didn't even think to hide it properly. + +**At this point it was just few minutes before the official launch of the private sale. I simply posted in the group the name and the home address of the scammer and then "if anyone will be scammed, just give this name to the police"** + +Admins abandoned the group immediately, countdown went to 0 but no private sale started. They literally disappeared and they had no opportunity to scam anyone. + +Obviously they were amateurs, it's harder with professional scammers, but I'm proud that I destroyed the plan of these scammers who invested money and time in creating their website and preparing this scam. + Hi all, + +Here is a list of high IV stocks (data from June 4th): + +* US-listed stocks only +* Optionable stocks only +* Stock price >= $5 +* Market capitalisation >= $1 billion +* Current implied volatility >= 100% + +If you trade Cash-Secured Puts or use the Wheel, check-out the list below + +&#x200B; + +[high IV stocks - June 2021](https://preview.redd.it/b83w3rmq7t371.png?width=1699&format=png&auto=webp&s=c3085b398c2f0159019b7f94dd69e38a802cb0c9) + +&#x200B; + +The full list can be found on this website: [link](https://theoptiongeeks.com/high-iv-stocks/) + +(no subscription, no ads - it's free) +I feel like this single etf thing is being blown out of proportion. There's a lot of misinformation flying around. Fud posts are being massively upvoted. Posts with correct information are not getting that many. There's already over 100 etfs that they can use or have been using for fuckery. It hasn't stopped gamestop from becoming a tech company. It hasn't stopped us locking the float. It hasn't stopped the split dividend. And even with all the fuckery the price has not been going down. Its slowly going up. One more etf isn't going to change anything for the hedgies. + +Edit: If you buy shares before the split dividend you will receive it. Do not let them fud you into not buying. They're trying to fud people into not buying shares to limit the damage. +https://www.bloomberg.com/news/articles/2017-04-24/retailers-are-going-bankrupt-at-a-record-pace + +Regarding the REIT shorts: https://www.wsj.com/articles/short-sellers-target-mall-reits-1488888004 + +Buy the dip on mall/retail REITs?... + +/s +Recently our family dog passed away. My parents originally planned to wait a while until they got a new dog. Then they found adorablebernisehome and fell in love. A decent looking website with lots of puppy photos. + +They fell in love with a puppy and have talked to the rep many times. After sending money a few days ago through Zelle, they still were in contact with the “breeder”. Just got to the airport to pickup and no puppy. + +My dad decided to actually talk to the breeder because my mom has been doing it. Turns out the guy sounds like a Nigerian prince and is a total scam. + +I did some research and found the site is brand new and yet they run google ads. Be careful with puppy scams. They just lost $1k to the scam. Lesson learned. + +Edit: I just read the description on The Zelle site. It specifically mentions not sending money to puppy scams. Ooof + +Edit 2: Don’t buy from breeders if possible. Go to a shelter or adopt a dog in need. +It's been a rough 9 months. I got behind on some credit card payments (2 are about to be sold to collections but I can't afford to pay the $500 minimum balances on them) and I was constantly overdrafting my checking account just to keep food in my fridge. Now thanks to some really strict budgeting and a reality check of my credit score (hello 499 score) I was able to pay all my bills that are due the first half this month and still walk away with $100 in my checking account. After my next check on the 15th and paying my bills I will hopefully have $300 left by October 31st! Thank you povertyfinance for getting me through these 9 months. +[https://bitinfocharts.com/comparison/dogecoin-transactions.html#alltime](https://bitinfocharts.com/comparison/dogecoin-transactions.html#alltime) + +This is why DOGE was nothing else than FOMO and viral investing. This is why DOGE will fall from the Top10. Will it come back? Sure, after crashing to 1 cent, the viral cycle can start again. And it will be temporal again. + +15474 transactions. The lowest in almost 4 years, in the middle of a bull run. We had 20-30k transactions in 2018-2020, during the crypto winter. + +How many transactions other chain process? + +* Cardano 80k +* Bitcoin Cash 100k +* Litcoin 150k +* Avalancha 170k +* Bitcoin 250k +* Tezos 300k +* Ethereum 1.2M +* Algorand 1.3M +* Fantom 1.5M +* Polygon MATIC 5.5M +* Binance Smart Chain 9M +* Solana 15M (not counting votes) + +Most of these chains are doing transactions not far away from their ATH. DOGE ATH happened in 2013. 8 years ago!! after that, it had 8 Pumps and 7 dumps. The 8th dump is happening right now. The code is a fork of a fork of Litecoin done in 2013, and it hasnt improved sifnicantly since then. It doesnt have the throughput to be a global payment system. Elon just loves the attention and the marketing points. After being in the media so long time, adoption decreased. Investors multiplied by 10, by almost none of you are actually using it, just investing for the profits. + +Invest as you will, just be aware, that those funds could be lost. Don't invest more you can afford to lose. + +PS: Why do I attack DOGE? Because I think it's a distraction for Crypto and damage its credibility. Hundreds of thousands of people will be burnt in this FOMO, and will distrust crypto in the future. It has provided ammo to skepticals, and the reputation damage will take time to repair. Shiba, RocketCum, and many other shitcoins, are the worst of this space. +There has been an explosion in adjustable-rate mortgages issued in the last 4 months, from 3% of all outstanding loans, to over 11% + +[https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html](https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html) + +and in addition to this, more than 10% of loans are FHA/VA, which allow for credit scores as low as 580. So 20%+ of all outstanding loans can be characterized as "risky" going forward. + +And they are getting packaged up into MBS + +When rates rise dramatically, what is going to happen? Is the only reason the default rate is very low right now is because of the direct stimulus and student-loan payment deferrals of the last 2 years? + +Or to ask this in a different way, is Michael Bury shorting the housing market again? +*This was originally a [comment of mine](https://np.reddit.com/r/ethtrader/comments/7hntd5/daily_general_discussion_december_5_2017/dqsl3os/) in the Daily, but [by suggestion](https://np.reddit.com/r/ethtrader/comments/7hntd5/daily_general_discussion_december_5_2017/dqsm33g/) of /u/JohnMeriwether I decided to make a new post.* + +**CryptoKitties, Network Clogged and Scalability** + +Lots of Ethtraders are pretty surprised with the fact that the network is clogged. Or you haven't been paying attention to what's been going on, or you didn't comprehend at all what scalability issues are about. + +You know when people talk about Sharding and PoS, Raiden and Plasma, how these improvements would actually make Ethereum the first scalable blockchain ? Yeah, well, these improvements avoid network clogging by allowing for a very big number of transactions per second, per day and per month. + +You know when people say that fundamentals are extremely important and you should invest based on them ? Yeah, well, we were talking about real world issues like the one we're experiencing with just a few Dapps running and a few tens of ICOs plus the normal number of transactions of people sending ETH here and there. + +Now, Ethereum is here to stay and is the only blockchain tackling hard the scalability problem. It will be the new pattern on blockchains as soon as these issues are resolved. If you had actually had a look at Ethereum's roadmap you'd have known this was a constraint. + +On a personal note, I consider the current ongoing stress-testing and the one we're about to witness in the next few days to weeks, something extremely bullish. + +Ask around to see how many of the other production blockchains have hit 700000 transactions a day after a little more than 2 years in a production environment. + + +**Bitcoin Trolls Bad-Mouthing Ethereum** + +One year ago, there were jokes: Ethereum was a scam because it had "unlimited supply" or because it had Hard-Forked contentiously. We all knew around here that below the layer of jokes, there was a little bit of fear of being technologically overrun, but many were still not sure. + +These days, there are no jokes anymore, just pure trolling and bad-mouthing (public bad-mouthing on social networks, not constructive criticism). It's a negative attitude, built by extreme fear of losing the only thing that is keeping them alive and apparently healthy price-wise: publicity and the layer of lies they tell to the public. + +When in a little more than 12 months, the same old trolls go from joking endlessly to screaming insults, you know that the ground is shifting. If you can't feel it right here (because you're looking at the ETHBTC ratio or because of any other reason you want to believe), they are certainly feeling it very strongly right there. + +In the end, it's just human behaviour: there's a threat and they defend themselves against that threat the best way they can. Because they can't do it with actual improvements, things that make their tech as good as or better than Ethereum's, they resort to tweeting stuff in Caps Lock. + + +**Price Movements** + +BTC/fiat 1D is exhausted. ETHBTC 1D seems to be hugging the lower trendline. + +When BTC corrects, in case it's a swift one (correcting 25-35% in a matter of a few days), it'll drag down the fiat value of ETH towards our strongest support levels, because that's how this market still works. Still, it's expectable that ETHBTC bounces up hard. + +Prepare your ratio longs. +As the title says, I'm about to finish paying off my (substantial) Uni debt, which has led to me doing some self reflection on what my goals were before I started, and where I'm at with my career / personal life now. I thought this might be valuable for those who are considering studying an MBA in Australia or provide an opportunity to ask some questions. Feel free to not read the post in its entirety and just ask a question. + +I'll start with a bit of background. In 2015 I was working as Business Development Manager for a global company, selling engineered products into mining operations in WA. I had 7 years' experience in the industry with roles in sales and sales management. I was earning around $80K a year + a company vehicle + super, no commission. My performance in high school was pretty average; no TEE (what's it called now?) subjects and I cruised through without doing any homework or study and graduated in 2005. My primary drivers for looking into an MBA were to challenge myself academically, open doors into other fields if I decided to change career paths, and earn more dollarydoos. + +I decided to study with AGSM (Australian Graduate School of Management) due to their reputation and at the time they were offering WA based intensive lectures in phase 1, with phase 2 being intensives in Sydney. All up the fees were around $88,000 + flights + expenses, so let's call it $100K because I went on a study tour of South America with them. You don't need an undergrad degree to get into an Executive MBA in Australia. Some universities will however ask for entrance essays or some example of academic ability. + +My reflections: + +* It was a constant source of pain to see so much of my pre-tax salary taken out of my pay. Especially before graduating when I wasn't earning a higher salary. I didn't budget for this well enough and I was stretched at the time. +* The experience itself was fantastic. I met some wonderful people, and made a few lifelong friends. It isn't an understatement when people say that the main takeaway from an MBA is the networking element. There were people from all backgrounds, in one class we had a GP and an ex-army Sargent. +* While I only use about 20% of what I studied (everyone loves a made up statistic), it has given the functional knowledge to engage with most core aspects of a business. In saying that, you need to accept that you won't be a master of anything. I'm not a chartered accountant, I did one unit in accounting, so I can't expect to be as knowledgeable as our Financial Controller. Some people think an MBA instantly makes you a business god. It really doesn't. +* The attrition rate was high. AGSM's Exec MBA has two phases, with the first being 8 core units and the second being 4 capstone units. If you didn't average 65% in phase 1 you didn't get into phase 2. A lot of people dropped out within the first few units. It's not easy and it's not for everybody. Time varies from person to person, but I studied around 15 hours a week. +* 5 years' after graduating, I am now in far more senior position than I was when I started, and my salary has grown to just shy of $200K PA, excluding bonuses. +* Some (key word) companies genuinely care about the MBA in Australia. No it's not like in the USA, but it opened doors for me. An example is the last company I worked for, I was approached via LinkedIn by a VP of Sales in Australia who graduated from AGSM. It was a pre-requisite for the role he was recruiting for. In my current business, it's an unspoken rule that at a certain level, you need an MBA to progress. +* Some senior leaders in businesses I've worked for have a bias for 'higher ranked' providers, some don't. For me if someone's demonstrated they can complete an MBA, especially when working full time, that's a positive thing. + +I hope this is helpful or interesting to someone. Would love to hear from others with an MBA that differing views, I'm passionate about the topic, though I'll admit I'm lucky to have had such a NET positive experience. + +Edit: Even without the salary uplift, knowing what I know now and how I feel about the whole thing, I would do it again. + +Edit2: Broke out a couple of acronyms. +Here's a picture of the two positions I opened and then bought back to close. + +https://i.imgur.com/OPOMXyE.png + +First position: AMC June 4th 2021 $50 strike price, sold 4 contracts at $3.45, bought back about 2 hours later at $12.90, lost $3,780 + +Second position: AMC June 4th 2021 $70 strike price, sold 4 contracts at $6.00, bought back 40 minutes later at $16.55, lost $4,220. + +$3780 + $4220 = Total $8k loss in a few hours. + +I received a phonecall from Ameritrade after the second set of calls I sold. The guy told me that due to their risk assessment I would have to close the position before the end of the trading day. + +Then 30 minutes later they called me and told me I had to close the position *immediately*. + +They had changed the stress stress from a stock price gain of 20% to a stock price gain of 110%. So initially I had enough cash reserves to cover the stress test. When they raised the stress to +110% I was looking at approximately ($70 x 110% x 4 contacts x 100) = $30.8K + +At that point I only had around $8k cash value in the account. + +So lesson learned. Be aware that the cash reserve requirements may be raised on you significantly with naked options where you actually are forced to liquidate before you want to. I still think the $70 strike price calls I sold will expire worthless. + +This was my mistake for not adequality funding my account on the off chance that they would raise the stress test from 20% stock gain to 110% stock gain. +Hello all, I am wondering how many others are in the same boat.. I've been riding the Eth train since it was $180 in 2018. I’ve put in about $4k from then until fall of last year. + +Earlier this year when eth hit 2k I made some bad trades and lost about about half my stack. Then in March, a few weeks after the crash, I had to take sell some crypto to pay for living expenses and since then my stack has dwindled to less than half an eth. + +I went from almost 20 ethereum to less than 1 and now I’m constantly checking prices doing the math on what my 20 eth would be worth today. Hearing family members and friends talk about their crypto gains makes me resentful and anxious. + +I firmly believe in the success of crypto and ethereum specifically so I’m putting nearly all of my earnings into eth. However it feels weird buying only fractions of eth at a time when I used to buy whole coins for the same amount. I know my experience is not unique and other people have missed out on much larger gains than I did but it’s nonetheless had an impact. Has anyone had a similar experience? How have you dealt with it? +Stop it. Stop now. You fucking autists. + +I don't have the liquidity to invest in Tesla right now, so fucking stop. Every part of my body aches seeing this fucker rise and rise while I cannot invest. + +Just stop +GameStop is officially debt free, with over a billion dollars to use however they please. There was an 8% increase the minute the news was announced. The whole financial world is going to realise that this company is legit, and is no longer going bankrupt (the only way out of a short position). + +In any other market situation, this would increase the stock by quite a bit. I think it's going to raise some questions from the outside financial world when that doesn't happen. + +What's tomorrow? 002. Day after that? T+21/T+35(I believe). Day after that? Official announcement of Russell 1000. All things that the shorts have to fight against. And NOW they have to battle against this news? + +So they either let the price go up the way it naturally would, or they keep it below the margin line, thus exposing that they haven't covered. + +Jesus Christ, I love the big brains involved in this company. 🦍🐜💎👐🚀 + +Edit: I should have said 'in this particular case, the only way out of the short position is GameStop going bankrupt, due to the price that was initially shorted in comparison to the current price. The groups that have shorted do not have the capital to close their short positions.' Sorry if that caused any confusion! +Hold for yourself, hold for your family but remember the single digit apes and small quantity holders. Do it for every one of them. No ape left behind. + +Holding 42, hopefully 45 after this week. Generational transformations for all. + +EDIT: Holy wow! This blew up, thank you all for the awards and great commentary! So pumped to be a part of this community. Holding like I’ve only got one share, for each and every one of you. Let’s change the world 💎🙌🏻 +And I tell her..... + +We are slaughtering the dark pool.... + +And even if we aren't, doesn't fucking matter. We are rich or we are poor. We buy Ferraris or we use food stamps. This isn't a game. I tell her, all apes know the rule.... stock goes to stupid telephone numbers, or stock goes to zero. All apes are ok with either outcome. I try to tell her, apes are too smart to pass on this. I hodl until life changing money. The funny thing is, I know none of you, but I know you're just like me. Love you all. God speed. Death before dishonor. World needs to change - we are the catalyst. + +Edit: thought this was obvious. It's not going to zero. Ever. +It was a car loan, originally $10,000, that hasn't been paid in years. We were able to pretty much completely ignore it without any negative repercussions thanks to the Service Member Civil Relief Act, a protection my husband is about to lose in less than a month. So, we had to finally deal with it. + +Saved up $5,500 *beyond* our emergency fund. But just for the hell of it wanted to see if we could negotiate it. Which I read was possible, but difficult. I low-balled and my husband literally laughed at me when I said "We have about $2,500." he hit back with $2,750!! It was that easy. It was a 5 minute phone call. I was originally going to start my negotiation at $3-3.5k. Glad I didn't! They just wanted *HALF*! + +That extra $2,750 we get to keep is worth much more than the damage a "settled" will have on his credit, which is actually somehow quite good. Shout out to SCRA. I'm so happy right now. This happened Friday and I just got the offer in writing. Will be making the payment today! + +Edit: Well apparently I have pissed some people off for celebrating the fact that I settled when it *seems* I *could* have paid the whole thing. + +I'm in this sub because I'm poor and I am trying to fix it. I'm celebrating that we will be able to afford rent, food, and basic necessities all of us have probably experienced going without, while we transition from two incomes to one. This was an agreement between us and the lender. We wouldn't have done this if we could afford to pay it **and still survive.** Hopefully that clears everything up. + +Edit 2: Man yall are an interesting bunch. Thank you for the all the support from majority of you kind redditors! There is tons of information that I didn't know and I'm so glad I posted, I hope this helps someone else! +First of all it's 140k euro (I'm spanish), and I'll probably use Degiro mostly and Revolut (for small stuff). + +I have few expenses, and don't have a family to sustain. + +My plan it's: + +- Keep 40k in the bank + my salary. Until now everything was in the bank giving me nothing... Also I want to buy a house in the next years. + +- 85k in ACC Degiro Comission Free ETF's. ACC because how spanish taxes work: + + - 72k in [IE00B4L5Y983](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIH) (Comission Free) + - 13k in [ETF IE00B4L5YC18](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIC) (Comission Free) + - Edit: Someone remarked how I have access to indexed funds at Spain (and can move funds between them without having a "sale" causing taxes), so I'm considering: + - [IE00B03HCZ61](https://www.morningstar.es/es/funds/snapshot/snapshot.aspx?id=F0GBR04SKK) instead of [IE00B4L5Y983](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIH) + - [IE0031786142](https://www.morningstar.es/es/funds/snapshot/snapshot.aspx?id=F0GBR06TSA) instead of [IE00B4L5YC18](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIC) + +- 10k in 4 solid stocks companies: Stuff like SBUX, DIS, MSFT, AAPL + +- 5k money for stock opportunities but not coming late to the party. My first investment has been 35@16,90 in AMC (which I'm still holding...) so I have learnt a valuable lesson about volatile stuff. Although thanks to it I found out about investing instead of having 140k at my bank giving me 0 interest. + +Additional questions: + +- Should I put a lump sum in ETF's as soon as I can or space it out (and try to catch some dips)? + +- Can Degiro comission ETF's be better for me than the CF ones if I do a lump sum? + +Thanks a lot. +Just as the title says, I was born into a poor family of 10 in rural southeast America. Like," sometimes we missed a few meals and went hungry" poor. I've (48F) just received a large amount to me ($1.1 million) of money in a completely legal way. It is sitting in my checking account and has been for the last 8 months. + +I have tried to research on my own as much as possible but I know absolutely nothing about money management or investing. It seems like the safest route would be to put the cash in a savings account and start an IRA. I've spoke with the financial advisor at my bank and he just seems to want me to invest in CD's or other investments at his bank. It seemed like very biased advice to me and I don't fully trust him honestly. + +I have lived pay check to pay check the last 20+ years and have no reason to have ever learned about investing. I know that's no excuse for being ignorant, but I just want to clarify my current position. + +* \-I do not have any money saved for retirement yet. +* \-My car is in good condition and completely paid for. +* \-I own a nice house in a great neighborhood and currently owe about $300K on it at 3.4 interest rate. It's one of the cheapest in the area. +* \-I have two children, one will be entering college soon and the other has 5 years until he graduates high school. I don't have a college savings account set up for either yet. +* \-My Husband is not employed and no longer able to work but does not have any medical expenses other than the general checkups. +* \-Our bills including utilities, mortgage, and living expenses in general total almost $3k a month. +* \- I am currently making about $35k a year but the outlook for my company is not good. I truly expect one more year there before I’m let go with no unemployment or severance coverage.  I will also lose affordable health insurance coverage for my entire family if this happens and I'm especially worried about these costs. + +What’s the smart move for me here financially? What would you do in my shoes? Any advice is so very appreciated.  + +&#x200B; + +ETA: Thank you all so much for the advice. It's literally life-changing for this random internet stranger and I appreciate it so much. Something so evident to most people but I never considered was the option to go back to get licensed in the field I'm currently working entry level in because I'm not certified. I couldn't afford the time or funds to go back to school previously, but I should be able to licensed in my state and earning around $75K-$95K in a little over 2 years with the help of some of the licensed folks I currently work with. + +&#x200B; + +&#x200B; +I’ve just recently turned 19 and I want to start to get serious about my money. I’ve always been pretty good at putting money away but there is a lot more too it than that. What kind of things do you wish you knew at my age? Any tips advice or stories would be much appreciated thank you. +# NEW LOWEST DARK POOL VOLUME RECORD IN THE LAST 1 YEAR + +edit: Looks like some after market action is still moving the percentages around but it's still low AF! + +[https:\/\/chartexchange.com\/symbol\/nyse-gme\/stats\/](https://preview.redd.it/f6p44bknh4o71.png?width=426&format=png&auto=webp&s=af601e7c9eaece1e406d7537d73d7a6af5aa4486) + +&#x200B; + +&#x200B; + +https://preview.redd.it/rwk7ts5sh4o71.png?width=387&format=png&auto=webp&s=4ecf3b25cf76bbf9938912589e4d1d71fb002b21 + +Here are the lowest Dark Pool % Sorted By Last Year! + +&#x200B; + +https://preview.redd.it/q795w4f2i4o71.png?width=401&format=png&auto=webp&s=2b0d1916f28accdb7dc93463d6bc240b70f2be2a + +**Edit 5:21 PM EST: Post Nut Clarity** + +Decreasing dark pool volume is an amazing indicator *something* is happening. The only obvious explanation is DSR... This process is literally removing shares registered in the DTC in the street/broker name (for which you are only an entitlement holder) and to the Transfer Agent (Computershare) where it is registered in your name. + +Shares which are kept in the DTC, even in cash accounts, can be used limitlessly to short, borrow, wash FTDs and commit all kinds of fuckery. The system is utterly broken and corrupt and as long as GME shares are kept in the DTC there will be incredible price suppression. + +*Fun thoughts:* + +There are 75M shares issued by GME. + +There are so many insider shares (around 40m)... + +The float is likely around 35M. + +At some point it will NOT BE POSSIBLE to register more shares at Computershare because they are all registered. + +It will be very curious as to HOW millions of shares will be trading when the float is being more and more locked up... + +At this point GME could very well declare a share recall as they suspect their stock has been fraudulently counterfeited and shit hits the fan. + +It seems like DSR is the way. + +It's like the tide pulling in and exposing all the corrupt, shady, malicious, ugly filth that is the DARK market. + +Drain the float! + + +Edit: Graph credit to + [u/theRealVeale](https://www.reddit.com/user/theRealVeale/) + +&#x200B; + +https://preview.redd.it/4hpywr5cw4o71.png?width=924&format=png&auto=webp&s=2d0cfcd69bf39d3117578009231d4d2c26450405 + +&#x200B; + +**TLDR: DSR FTW GG** + +&#x200B; +I found someone's debit card on the ground today. I decided to call the number on the back of the card so that I could let the bank know that it had been found, was lost, and should be cancelled. I figured it had probably been left earlier that day at my workplace by a customer. + +Instead, USAA wanted my name, my phone number, and tried to connect me directly to the customer. When they couldn't, they said they were giving my info to the customer to call me back at their convenience, and that if the customer didn't retrieve the card within 48 hours, I was to destroy it. + +What? + +What??? + +There are so many security issues and privacy issues with this, I don't know what to make of it. + +Edit: RIP My inbox. +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. +A single piece of paper with 24 random words written on it can do the same thing as an entire banking franchise that consists of 10 HQ buildings, 1000 branches and 100,000 employees. +I’ve been trading theta strategies consistently for a while now. I make enough money to live a good life, pay taxes and grow my portfolio. + +I’ve been running some compound interest calculations that are like oh I’ll have $X in X years. Would I be able to cash that out and stick it into bonds, just forget about all of this stuff and just chill out for the rest of my life or should I go for another X amount of years to have $X just to make sure? + +I wouldn’t say I dislike trading options, but I would definitely like to get to a point in my portfolio where I could just forget about growing my money. + +Do you guys have an end goal? What’s your options exit strategy? Do you even intend to leave? +Sorry that this doesn't quite fit this sub. But I figure that some of you may have been through a similar scenario. + +Basically, I'm being promoted to General Manager of a small-medium sized manufacturing company. The current GM wants to step down but remain with the company in a more limited capacity towards the end of his career. + +This is a great company and I know that there is huge growth potential in the medium and even short term. I see many area of improvement from a financial management side and operations side which honestly are not even on the radar of the current GM. He's a good GM in many ways, but is not familiar with formal business administration or managerial accounting. I want to maximize my compensation package obviously, and I figure the only way to do that is to have either a performance bonus or equity stake. It's a private company that is owned by a larger corporation, so equity might be unrealistic. + +I should note that I'm almost completely certain that the current GM does not have an equity stake or performance bonus. + +Does anyone have any advice for me in general or on the salary negotiation side? + +*Edit: It sounds like there is a definite consensus that a minority equity stake in a private company is not ideal. Thanks for the input!* + +*Any thoughts on managing the transition? Remember the old GM will still be at the company. I think everything should be fine with this arrangement based of my experience with him, but what are your thoughts?* +Ok kiddos, here’s the deal. + +Blimps are expensive. + +The resource I reached out to stated they require 14 employees to operate their blimps. They all travel on our dime. Sleep on our dime. And get paid on our dime. + +We also have to wrap the blimp. There are options, but a full wrap is costly as fuck. + +And that company wants profit ontop. + +So we’re talking 500,000-750,000 for a blimp over Chicago for 3 days, for example. + +Turn around time isn’t really an issue when the blimp isn’t previously scheduled, and there are many open dates the spring, summer, and fall. + +So everybody wants a blimp, including me. + +Can we cobble half a mil? Because most of my $ is direct registered in Gme shares. So I don’t have half a mil liquid nor am I selling Gme to fund this. + +Need Snoop, Musk, or Cuban to slice off a tiny stack for us. Y’all rich fucks who this is a rounding error for need to step up. + +My dms are open. + +I’ll contribute $, but I cannot fund this myself. + +UPDATE: + +So there are a number of roadblocks. For starters, most methods of crowdsourcing do count as income for tax purposes for the individual registered. That is challenging. It also feels dirty to ask people for money. That’s just my personality. That being said, efforts made out of the box. + +A few creative individuals are working on identifying roadblocks on another path. No guarantees. + +Also, was given a contact to reach out to today - and going to do so at a normal hour of the day to chat. +Over the weekend I realised that I'm addicted to gambling on the ASX. + +Don't get me wrong. I don't do T+2s, YOLOs, or even intra day trades. + +But I am addicted to the rush of gains, I trade purely on emotion, and I obsessively stare at charts as if I am going to have some kind of 'Aha!' moment. + +My ego is correlated with the performance of my portfolio and I subconsciously believe I must be 100% exposed to risky growth stocks or else 'what is the point?' + +The worst part is, I shift the goalposts of my exit strategy constantly to ensure I will never, ever take a profit. + +I want to buy a car, you see, but cars are such money pits that I can only justify it if I fund it with pocket money from my investments. + +Now, I've never been close to Lambo territory, and realistically I should just sell enough shares to buy a $6k shitbox of a Ford Fiesta. But I notice that even when I get $6k of profit, I don't sell anything. Ever. + +I just hold, and then when the numbers start going up, I start fantasizing about a Corolla (lol), then a Civic, then a Mazda 3 Skyactive... Then I think, Hell, in a week or two I'll be able to buy an i30 N! + +Then the stock price fucking tumbles faster than I can say 'The clapped-out Fiesta with 220 ks on it will be fine, thanks!', and I'm all the way back down at my entry price (if I'm lucky). + +You'd think knowing this would help me, but it turns out even intellectually understanding this pattern is not enough to avoid making this mistake all over again, because the greed is still there, ready to kick in on the next upswing and cheat me out of my money! + +So what should I do? +Hey guys, + + This post is going to be a summary of some of the harder-to-accept truths that beginners, or anyone wanting to go full time, will need to hear. I will also do my best to include my advice for solving these problems, or correcting them as much as possible. + + So here goes: +. + +1. YOU WILL HAVE BAD DAYS! + Especially at the beginning, or when you become the most confident. Both of these are typical stages when a person decides to overleverage or overtrade, which can lead to large losses. Trusting in your win rate, and saying stuff like "well, I lost 4 trades already, and I've never lost more than 6 in a row before", may be the exact reason you do lose more. My advice here is to research Martingale Theory, the idea that you can win by doubling down after every loss. This works... Until it doesn't. That's when you will fail big. + Also, it's entirely possible that you have a bad trading day for no reason at all. This just happens. Take the day off, or the week, and get back into it when you have your mind right again. The market will still be there. + +. +2. RETAIL TRADING IS LONELY! +Unless you happen to have all your friends interested in trading too, then chances are you are going it alone. This can be very tough, especially on your mental and emotional wellbeing. What is money worth if you have no one to share your success with? For me, and what I would recommend for everyone else, what worked was to join online groups. (I promise I'm not a shill hahaha), but in particular Discord worked best, due to its ability to facilitate real time discussion and information sharing. But reddit is good too, if you have the right community. Others may be good, but I tend to find are only promoted by spammers and scammers. Make sure to do your dd on any trading groups you are asked to join, as many are pump and dump groups too. + +. +3. IT WILL PHYSICALLY DETERIORATE YOU! + Think about it. You are going to be working from your computer or whatever setup you have, for maybe 6, maybe 8, maybe even more hours per day. And for 99% of us, that means sitting that long too. Standing desks may be the better choice but they can get uncomfortable fast. My advice is to join a gym, or go for a walk/jog/run or do any sort of exercise at all, at least once a day, and at least 5 days a week. Part of this includes eating healthy as well. It's too easy to sit down and drink fizzy drinks and eat whatever the hell you feel like, just because. But that will cause an early death, which is something no one wants. + +. +4. IT IS MENTALLY TAXING! + Anyone who traded/"invested in" GME knows how stressful it was. Massive rises followed by massive drops. Constant eyes on the chart, making and losing more money than you've ever done before. Holding your piss for hours just to see the giant green candles put your account into the big money. These are exceptional circumstances, but they are becoming more and more frequent these days. And if you have ever listened to talks by anyone who traded the dot com bubble, or the great financial crash, you will know that a high percentage of daytrader end up with heart problems. Many people I know of, take all sorts of (legal) drugs to get them through their days. Make sure to get a healthy 8 hours of sleep if possible, and don't ever trade multiple days in a row if they become too taxing. A day off won't kill you, another day of adrenaline might. + +. +5. IT CAN ALSO BE BORING! + When you trade the same instrument with the same system and make the same money every day, it gets boring. Now, I'm by no means a millionaire myself, and I would never complain about being bored if I was, but when you are somewhere between finally achieving consistency and trying to scale up your account, that's when boredom hits. You know what to do and how to do it. But the goal is still far off, and there's no way you can accelerate the process without ruining your progress so far. My advice is to have another hobby, and to do this on the side on those slightly more boring days. Another hobby is good to have whether or not you ever get bored anyway! + +So theres my 5 truths for today. I may share more if there is interest in it, and I welcome any and all feedback. + + Thanks guys! +After reading this sub for a year, I went for it and applied to a job that would greatly increase my income. It was a stretch, and I was honest with them about my experience and how I could learn what I need. And I got it! I'm going from perhaps retiring at 67 (depending on how much I ended up caring for elderly parents) to being able to FIRE around 50. The new job didn't even feel real until I ran the numbers today to max out the 401k, an IRA, AND have money left over to open a brokerage account! This feels so good, and I can't wait to give my horrible boss notice. + +Also, my coworker S. is on this sub all the time. If you're reading this, I'm giving my notice on Feb. 4. + +Edit: My SO is also super excited, now he'll be able to max out his retirement and FIRE in his own right 😁 +I am not new to the risk of penny stocks, been playing with pennies for about 8 years now. Luckily, I have had a lot more success than fails but do not take this as "financial advice" and more something to think about. + +Lets talk $HCMC.. the most hyped stock in my opinion over this past weekend and is being pushed for it to still have momentum. If you truly believe this stock will hit a $1 you need to take a step back and learn how much is needed to move a stock with 105.1B Outstanding shares... to put it in perspective, Apple for example has 16.8B.. Apple the Trillion dollar company. I am not saying you can't take a quick gain but read on what share dilution is and how it effects the stock price. When the court decision does occur with HCMC, expect some movement but to move toward $1 the company needs to do a reverse split. I am sure there is a lot more into how a company can reduce its outstanding shares but that is a common one I have seen in pennies. I won't go in-depth in what a reverse split is but look up on that. This stock will move if truly everyone actually throws some cash in it but don't expect a full dollar with 105 B Outstanding shares. + +I understand it can be challenging to filter on what will be the next 30% plus gain in one day. Maybe you have seen 100% - 1000% gains on stock websites. Some of you I see asking for recommendations on a $100 to play with on your first investment. You got to know what would be considered a "pump and dump" and a legitimate company. Let's take $INKW for example, this stock had increased close to 80% today. A good amount of people have posted about this stock the past few weeks, and today it moved roughly 80%,. Deals with Walmart, selling out on Amazon, and moving toward Hemp water. There is actual PR (Press Release) with recent information on the stock. It takes 10 mins to learn all this about the company, or what you will see people call DD (Due Diligence). 10 mins of my day before thinking hmm should I jump in? Am I missing the ride? or is this a long term play for me? + +The market for me is just a bunch of hype and speculation. ESPECIALLY PENNIES. I personally don't see pennies as long-term investments. I get in and get out like my wife's boyfriend when I go to work. but you got to know what works best for you and if you truly believe in the company. Lets take some other popular stocks I have seen posted here: $OZSC, $ILUS, $HITIF (admitting I own this one for my weed play), $TSNP. I have seen these stocks have solid PR but would not jump in unless DD was made. + +As you grow to be an experience trader, learn how to read candlestick graphs. It can be a snoozer learning but if you understand it, it will help a good amount if you want to buy in dips or see when you want to sell. ITS OKAY IF YOUR STOCK GOES RED. Yes, pennies are more risk. I had days losing everything when I first was trying to invest in them but I also had days with huge gains. Its okay to hold but hold knowing your risk tolerance. Remember, you thought long-term because you believed in this company and it has solid potential. Long-term is long-term so don't let a bad week make you take a big lost only to see it rise again the following. + +I am in no way an expert in investing nor trying to give you investing advice. This is more for people who really want to understand how to invest, but the high from one of your stocks performing at a 100% and letting your emotions get to you can be a rough lesson to learn when you expect it every time. I didn't understand how to play pennies at all firs starting and for me losing even $100 was a big deal at the time. + +There is a lot of pump/dump post on here I been seeing from day old accounts. I even look at the companies they are trying to pump. If there is no website, social media is terrible, or real product ... it is a P/D. + +I ask all experience traders to share their advice on this post so we can combat the bots we have been seeing for the crowd. + +Good Luck to all the new investors. I consider pennies as a daily gamble more than a long-term. I am sure others view it different. + +EDIT: + +Just scrolling through frequent questions - + +I use TD Ameritrade as my broker. Look into how to use their thinkorswim platform. + +I recently opened a Fidelity account to avoid OTC Market trading fee’s though. + +Found an article that gives a good summary of some major brokers for pennies: + +https://www.google.com/amp/s/www.timothysykes.com/blog/best-broker-for-penny-stocks/amp/ + +I never been a fan of Robinhood. I opened an account when it was up and coming but didn’t like the layout and lack of stocks that were available to invest in. So not sure how it is today but I do know you can’t invest in the OTC Market through this broker. + +Asking for my thoughts on a specific stock - + +I really don’t know about some of the stocks that were posted on the comments so I have no thoughts. +I see some popular come up, like $OGCN. But I don’t know anything about that company besides it being popular on this subreddit. + +Messaging me to ask on what company you should +Invest in - + +Sorry, I don’t want to answer that. Awesome how you took this post but again I am not an expert. Just sharing my years of experience. I invest with confidence but the risk will always be there. I don’t want you to jump in a boat I wasn’t aware had a hole in it. + +What I do when I find interest in a stock but unsure on it is put it on my watchlist. With Ameritrade I am able to keep tabs on its performance, press release, and most of all the dip! But my watchlist consistently change. + +Advice on learning to read candle sticks - + +Man, this for sure was challenging for me. Probably because it is boring to learn lol. YouTube taught me. I don’t have any sound advice besides looking there. I can’t find the video that I saw repetitively anymore but just searching for it, I see a good amount of people teaching. + +When I got comfortable, I experimented with $20 often to see if I had it down. I am sure some people just catch on to it, I wasn’t one of them. But now it is crazy easy to read. +I’m wondering why isn’t the 4 day work week more common? With more rest and time for people to spend (go out to restaurants, take weekend trips, do some reno work), what’s the downside? + +When I saw 4 day week I mean four 8-hour days, not those awful 10-hour compressed schemes. To me it seems the Gen Z and late millennials just want more free time to enjoy the last few good years on earth before the climate destroys us all, but all my Boomer colleagues believe we don’t appreciate hard work. We don’t mind working hard, just smarter given productivity has gone up several fold with the use of computers and technology as common place. + +What are the pros and cons? What industries or areas would thrive, which would suffer? Can you please point out what I’m missing or not considering? + +Just looking for healthy discussion from all angles. Cheers +Telegram is building it's own blockchain, TON, and has launched an ICO to fund it. The team is looking to raise up to $2 billion, something no other ICO has even come close to. The team recently revealed that they raised $850 million just in its presale, which is absolutely insane. Just a few months ago people were in awe at the massive $200 million+ Filecoin and Tezos ICOs. Here's a look into the Telegram ICO: https://steemit.com/cryptocurrency/@kjnk/telegram-raises-an-insane-usd850m-in-its-ico-presale +Telegram is building it's own blockchain, TON, and has launched an ICO to fund it. The team is looking to raise up to $2 billion, something no other ICO has even come close to. The team recently revealed that they raised $850 million just in its presale, which is absolutely insane. Just a few months ago people were in awe at the massive $200 million+ Filecoin and Tezos ICOs. Here's a look into the Telegram ICO: https://steemit.com/cryptocurrency/@kjnk/telegram-raises-an-insane-usd850m-in-its-ico-presale +There are 14,000 call contracts between here and $200. That's 1,400,000 shares that need to be bought/hedged (minus what they've already hedged). There's another 20,000 contracts between $200 and $300. That's 2,000,000 shares that need to be bought/hedged. + +TL;DR What's behind $180? A motherfucking greased waterslide to a margin call, that's what. +The first quarter results are declared abysmal, yet the stock goes higher and higher up? Someone please help me make sense out of this. I am paralyzed after hitting all my stop losses, looking at a year for break even with my average return rate, but I haven't been able to do a single trade because it has broken my sense of what is reality. Ashok Leyland, PVR, ruined me. +Navi Mutual Fund, owned by Flipkart co-founder Sachin Bansal, announced the launch of Navi Nifty 50 Index Fund, an open-ended equity scheme that would replicate the Nifty 50 index. + + +The fund, with a proposed total expense ratio (TER) at 0.06 per cent, will be the cheapest such fund in the market. As of now, ICICI Prudential Nifty Index Fund with 0.1 per cent TER is currently the cheapest fund in the category + + +Read more at: +[https://economictimes.indiatimes.com/markets/bonds/flipkart-founder-sachin-bansals-mf-house-launches-cheapest-nifty-index-fund/articleshow/83914937.cms?utm\_source=contentofinterest&utm\_medium=text&utm\_campaign=cppst](https://economictimes.indiatimes.com/markets/bonds/flipkart-founder-sachin-bansals-mf-house-launches-cheapest-nifty-index-fund/articleshow/83914937.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +How does one answer this question in light of what covid has done to the average investor mindset? I'm curious to hear positions on this. Is it worth accumulating a strong cash position and trying to secure the goose that lays the golden egg, or is rolling cash into investments over a long period of time more beneficial? +Jim Simons, the founder of the Medallion Fund has done what most people consider to be impossible. His fund has consistently beaten the market over the last 30 years. The fund has had an average return of 66% before fees during the period of 1988-2018! + +To put these returns in perspective, $100 invested into the Medallion Fund in 1988 would have converted into $398 Million by 2018. Even net of fees \[1\], the fund has outperformed S&P 500 returns by \~1000 times and Warren Buffet’s returns by \~200 times! + +If you are still not convinced about the absurdity of the returns, take a look at the following chart which showcases the annual returns for the Medallion fund in comparison with S&P 500. + +[ ](https://preview.redd.it/zqobnspnjgn71.png?width=765&format=png&auto=webp&s=d652822bd056bb70ab7ccafe6117d61f0b18f4f1) + +Notice anything strange? Since its creation, the fund has only lost money in a single year \[2\] (1989). For the next 30 continuous years, there was not even a single year where their returns dropped below 20%. Even at the peak of the 2008 financial crisis, the fund had made an 82% gain net of fees! + +We all know that Hedge Funds gets a lot of hate, most of the time justifiably so. But returns like this sustained for such a long time period call for further scrutiny. So in this week’s analysis, we are deep-diving into how the Medallion Fund created such outsized returns for its investors. + +**The Beginnings** + +Jim Simons has a Ph.D. in Mathematics, taught math at MIT, and has worked for NSA as their codebreaker before turning his attention to the stock market. He was one of the first people who realized that pattern recognition could be applied to beat the stock market. + +He created a trading system that uses quantitative models and formed Renaissance Technologies in 1982. The peculiar thing about this hedge fund is that it does not hire anyone from financial or business backgrounds. + +[ ](https://preview.redd.it/foxvgbfpjgn71.png?width=604&format=png&auto=webp&s=614887a1751558912caea2a2f6774b73c2bc9d5a) + +They solely focus on physicists, statisticians, mathematicians, and signal processing experts and believe that the herd-like mentality of business school graduates leads to poor returns! Renaissance’s headquarters is famously known as the world’s best physics and mathematics department. + +This view is extended to their investment philosophy as highlighted by Robert Mercer (Co-CEO), Medallion Fund only focuses on the quantitative model recommendations and not the underlying business performance/strategy \[3\]. + +**Fund Performance** + +I know we discussed the extraordinary returns of the fund in the beginning, but the following chart will put the sheer numbers into perspective. + +[ ](https://preview.redd.it/hez5elmqjgn71.png?width=579&format=png&auto=webp&s=ab7bf4ac2b837147c548f13847c07b27d7a1264c) + +By now we know that the fund has outperformed the S&P 500 index by a wide margin. But in [this research paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3504766) by Bradford Cornell (Finance Prof at UCLA), he argued that even if the investor had the ability to predict the stock market returns perfectly on a monthly basis (shift the money to treasury during downturns and back to stocks during the upswings), the investor would only have been able to turn the $100 into $331K (an insane 331,100% return) but even this would be nothing in comparison to the \~$400 MM return generated by The Medallion Fund. + + + +It’s not often you see Warren Buffet so low down a list for long-term investment returns. The Medallion Fund has beaten all the well-known investment managers by a wide margin over its 30 year period. + +**Fund Strategy** + +While the exact inner workings of the fund are only known to a few key insiders who are tightly bound by confidentiality clauses, what we know comes mainly from the book ‘The Man Who Solved The Market’ by Gregory Zuckerman \[4\]. + +As per the book, Medallion strategy involves holding thousands of short-term long, and short positions (aka like your avg [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) user) at any given time. Allegedly, they win 50.75% of the trades they make (not like your avg [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) user) which is enough to make them billions as they are conducting millions of trades every year. + +Adding to the excellent quantitative models they have created, Medallion Fund also did two things right + +1. **Leverage:** It’s estimated that Medallion trades with 12.5x leverage on average with it going up to 20x when the system is confident. If you remove the leverage from the picture, the fund’s returns are similar to S&P 500. It’s their effective usage of leverage and deep understanding of risks involved that makes their returns legendary +2. **Fund size cap:** The fund has made sure that their Asset Under Management (AUM) never goes beyond $10Billion. They understand that adding more money might not work with the same strategies and have paid out their returns to their investors to keep the AUM same. + +**What does this mean for an average investor?** + +The Medallion Fund has been closed to outside investors since 1993. As of now, only the existing and previous employees of the company can invest in the fund. The funds of Renaissance that are open to the public have performed so poorly that the two funds made it the HSBC’s top 20 losers list for 2020. + +While it certainly is a bummer that the average investor cannot invest in the fund, this analysis gave us some key insights into the market. The first and most important being that the stock market is not perfectly efficient and that there are inefficiencies that someone can leverage for more than 3 decades. The second being that not all funds that charge an exorbitant fee structure \[1\] are taking money away from the investor. In Medallion’s case, they are justifying their eye-watering fee structure with phenomenal returns. + +Finally, this should not be considered as a call to action to find similar funds as not every team with stellar people end up producing market-beating returns \[5\] + +**Conclusion** + +It’s like Jim Simon’s had created a license to print money with the Medallion Fund. How long the fund’s algorithms can remain a secret and continue generating market-beating returns is anyone’s guess. My incredulity and skepticism during this analysis was perfectly captured by Bradford Cornell in his research paper + +>During the entire 31-year period, Medallion never had a negative return despite the dot.com crash and the financial crisis. Despite this remarkable performance, the fund’s market beta and factor loadings were all negative, so that Medallion’s performance cannot be interpreted as a premium for risk bearing. + +To date, there is no adequate rational market explanation for this performance. + +Until next week… + +**Footnotes** + +\[1\] The fund charges an exorbitant amount of fees. From 2002 onwards, it has a 5% management fee and 44% performance fee. To signify the impact of this fee, let’s take the following e.g. if you invest $100K into the fund and at the end of the year, your fund grows to $130K (a 30% return), they would charge you $5K (5% management fee) + $13.2K (44% of the profit) for a total of $18.2K in fees. So your net returns would only be 11.8%. Even if they lose money, they will still charge you $5K for managing your money. Vanguard SP500 ETF would charge you $30 for the same! + +\[2\] Even in the year, their returns were negative, the fund returns before the fee were + 1%. The 5% management fee pushed them to the -4% net returns. + +\[3\] His exact quote was “sometimes it \[the model\] tells us to buy Chrysler, sometimes it tells us to sell” + +\[4\] The man who solved the market — It’s an excellent book and a highly recommended read. + +\[5\] Long Term Capital Management - A fund that was managed by a bunch of PhDs and Nobel laureates. It had posted great returns since starting in 1995 (in the 40% range) only to be bailed out in 1998, and was dissolved in 2000) +I am in college and I started a Roth IRA about 3 months ago and have around 1k in it (60% VTI and 40% VT). It was somewhat impulse after taking and investment analysis class and hearing over and over again that the sooner you start the better, so I went ahead and did. Although now I am in the standstill period where I am not totally sure what to do - to keep investing, what to invest in, and when. I am also reading a lot financial planning books and listening to podcasts and hearing the other argument not to trust it and to stray away, so my wires are kinda crossed. I would love to hear any advice anyone has. I am about to enter into my senior year of college. +Hi, I am currently 18. I have inherited a million and so from the death of my mother 6 mos. ago. My mother was very frugal in life, she saved that money from working 8 to 5. I also never had a father. + Honestly, i feel really scared to spend that money. But for my financial stability in the future I need some advice on where I should invest it to. +I'm still on my first year in college. I currently enroll in a state University so I really don't have to think about tuitions and stuff. All i rly ever spend on is basic living expenses. Honestly, I'm not exactly financially literate and I don't have any idea where or who to go and trust with this amount of money. I also can't trust my relatives that much. +I was thinking about investing on a house and lot property, but every property in the city is too expensive and is out of my budget. I already have lots in our province on the process for changing of name titles, all of those are agricultural land i inherited from my mom. But the problem is I am also not interested in agriculture. +Currently, I have enrolled 240k into pagibig mp2 account and 300k into a 2 yr time deposit in some coop bcz it yields higher interest rates. I have also seen a property a little far from downtown which is exactly 1M. Should I buy it or should i invest my money somewhere else? +Hey all! I'm living in Korea and I've been advocating for $GME on my YouTube channel for the last 6 months or so. My channel caught the eye of one of the main financial news channels here and they had me on for my second interview today, and one of the questions was about $GME. I'M HELPING TO BRING $GME TO ALL APES OF THE WORLD! + + +The interview is mostly in English, including this part. Here's the timestamped link to the $GME question if you want to check it out: + + +https://youtu.be/sXLV83NiqmA?t=689 +I can’t help but to feel like it minimizes the community or makes a bit of a joke out of it. Yea, I know where it comes from, but I don’t care. It’s stupid. + +It’s kinda like how anyone who smokes pot is a “stoner” and must enjoy the 420 culture (clothing and accessories adorned with pot leafs, the “420 bruh!” types, etc). People are absolutely blown away to discover that people in the 6 and 7 figure salary windows smoke daily. They don’t fit the “420 Bruh!” mold. + +Eventually someone not in the community is gonna see “HODL” and take it all, everything we do and talk about, as a joke. If we can’t take ourselves seriously with this, why should/would anyone else? + +Hold, folks. Hold. + +But then again maybe it annoys me because I’m a day/swing trader. I don’t hold shit. + +Am I wrong or just an asshole? +I mean, we are consistently told by finance gurus to take responsibility for our financial wellbeing, save for deposits, pay off the mortgage, don't get credit cards, invest wisely, buying you freedom. + +And many people do follow this advice but the reality is, if everyone in Australia tomorrow "took responsibility", the economy would borderline collapse? Or would it not? + +Doesn't the economy, share market etc rely on people mindlessly spending / impulse purchasing at K Mart, JB hi-fi, car yards, Apple Store etc? + +So really, in theory the government wants us to look after ourselves (Moneysmart websites etc) but in actual fact they need us to spend as much as we can? + +Thoughts? + +EDIT: The general consensus is that without consumer spending. The economy collapses, we all lose our jobs. Our homes and it's lights out. + +So I guess what's the solution? We just accept people need to live their lives behind the financial 8 ball forever? For the good of the economy? Financial literacy / can only work for a small portion of people in the population at a time? As long as you're good with money but no one else is, there is prosperity for you? + +Seems the system needs people to spend + work forever or capitalism dies off? +**\*Obligatory** – I am not a financial advisor, and this is not financial advice. I am simply an idiot with internet access. I've labeled this post as "possible DD" as it contains some speculation regarding the votes. + +**TL;DR** Form N-PX is the annual proxy voting record for “Registered Management Investment Companies”. These are primarily filings for mutual funds & ETFs (funds) and shows us how each fund voted their shares regarding all proxy votes they cast for companies’ issues for their annual meetings. + +I was able to review the filings of 196 funds’ voting records for GME’s last vote for the 2022 annual meeting (6/2/22) and found that just 53 of the funds voted FOR the increase to the authorized common stock from 300M to 1B (this is not actual shares in circulation but is the maximum amount to be allowed into circulation) 53/196 = 27.04% voted FOR the increase. + +**73% of registered funds voted AGAINST GameStop management’s recommendation for an increase to the authorized common stock from 300M to 1B shares.** 8 Filings were omitted due to the file being too big for my computer to open so the % could go up or down slightly. + +Vanguard and Blackrock funds voted FOR the increase. Vanguard funds hold large positions in GME and their votes alone FOR the increase to common stock outweighed all 73% of funds who voted AGAINST the proposal. + +# Form N-PX Proxy Voting Results + +From 7/26/22 – 8/31/22 196 ‘funds’ filed form N-PX which lists how they cast their proxy votes for GME’s voting issues for the last annual meeting, which took place on 6/2/22. + +Of the 196 funds who cast votes and filed form N-PX, just 53 funds voted FOR the increase to the authorized common shares from 300M to 1B. This equates to 27% of funds voting FOR the increase. + +**Important note:** There were 8 filing entities whose files were too large for me to open (thanks for the shitty website SEC) so they have been omitted from this research. Here is the list of filing entities that are not included in this research: + +Advisors’ Inner Circle Fund III, Filed 8/30/22 + +Allianz Variable Insurance Products Trust, Filed 8/18/22 + +American Century ETF Trust, Filed 8/19/22 + +Brighthouse Funds Trust II, Filed 8/26/22 + +Empower Funds, Inc, Filed 8/25/22 + +Fidelity Salem Street Trust, Filed 8/26/22 + +Forethought Variable Insurance Trust, Filed 8/20/22 + +Variable Insurance Products Fund II, Filed 8/26/22 + +If anyone can open these filings and tell me the results, I will update these funds’ GME proxy voting records on this post. + +Here's the link to all the Form N-PXs that were filed for GME's last vote: [Form N-PX Gamestop Search Results EDGAR](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&category=custom&startdt=2022-06-01&enddt=2022-08-31&forms=N-PX) + +Without further ado, here are the funds the voted **FOR** the increase in authorized shares from 300M to 1B: + +https://preview.redd.it/vdy82qgoshl91.jpg?width=1146&format=pjpg&auto=webp&s=d521933531c4f136d5e234e852464d0d4af0abfb + +[6.2M FOR votes from 53 funds](https://preview.redd.it/1zouxcfqshl91.jpg?width=1146&format=pjpg&auto=webp&s=ee82b5fd67a178acea0b4d88ea125048a2e2f451) + +The “For” votes surprised me a little bit as Vanguard funds have been loaning out a substantial amount of GME (See my previous [NPORT GME Deep Dive](https://www.reddit.com/r/Superstonk/comments/tpm5si/nport_gme_deep_dive_so_much_gme_lending_total/) post), and Blackrock has a lot of shares loaned through their iShares ETFs. However, once I thought on this more, I may have figured out why they voted “For” the authorized common stock increase and its pretty simple. I believe Blackrock and Vanguard may be net long GME AND their counterparty exposure (from lending the securities) is less than the potential long gains. I also believe they located shares to be lent for short selling whereas some other brokers/market makers most likely did not, BUT they won’t force MOASS because it will cause the implosion of the rest of the market, and they don’t want to be blamed for the depression that will ensue. Vanguard and Blackrock are the 2nd and 3rd largest GME shareholders (behind RC Ventures) with 23.8M and 20.6M shares being held outside of their “funds” holdings... This is simply a theory though and isn’t backed by any other data. + +Vanguard’s votes held A LOT of weight compared to other funds who filed their N-PX forms. Vanguard’s FOR votes alone outweighed ALL the votes from the 73% of funds who voted AGAINST the increase. + +Here are the funds that voted **AGAINST** the increase to the authorized common stock: + +https://preview.redd.it/q3cvmkhmthl91.jpg?width=1114&format=pjpg&auto=webp&s=c344cf54f7a591a28bb4f034920d7a6d557847be + +https://preview.redd.it/0hu8ionnthl91.jpg?width=1115&format=pjpg&auto=webp&s=68c06b6d14de7ced33dc0ec6cee6af05c21e7501 + +https://preview.redd.it/o3i8mjrothl91.jpg?width=1114&format=pjpg&auto=webp&s=86ec8ec79ea7541a8363e12e82c7d68f8f6d88b4 + +https://preview.redd.it/4ld7v29qthl91.jpg?width=1114&format=pjpg&auto=webp&s=0d7aa8d58d0576ce7ef42ebf4bfe748b642381d1 + +https://preview.redd.it/gtwv9elrthl91.jpg?width=1114&format=pjpg&auto=webp&s=3d94d91fb6b678e384c2b6383688a104ba6514bc + +1.91M shares are being held by the funds that voted AGAINST the common stock increase. Interestingly, GME only lists 3.76M votes AGAINST the proposal in total. + +[3.76M Shares voted against proposal 5 \(Authorization to increase common shares from 300M to 1B\), listed on GME's 8-K filed on 6\/3\/22](https://preview.redd.it/ec55o8t7uhl91.jpg?width=1581&format=pjpg&auto=webp&s=b6b0fa0019af3c65567415dcc272ebf9453262f5) + +That means that only 1.85M shares are left to vote AGAINST the proposal (this could vary some as holdings are bought and sold). Are you telling me that of all these Institutional holders for GME, that just 1.85M more AGAINST votes were cast? + +Street Street (6.8M shares) + +Geode Capital (3.2M) + +Mason Capital Management (2.3M) + +Bank of New York Mellon (2.1M) + +Northern Trust (1.8M) + +Charles Schwab (1.8M) + +These are the top shareholders (behind RC Ventures, Vanguard, Blackrock) and several of these institutions had their funds vote AGAINST the proposal. I believe there may have been a fair amount of back-room consolidation on voting (meaning they received more votes than eligible shares), but I can’t prove this. Looks plausible though, especially when considering who the other institutional holders are (BofA, Morgan Stanley, JPM, UBS, Credit Suisse, HSBC, etc.). These entities are the primary stock borrowers of the funds who are lending GME shares (as can be seen in the prior NPORT post). + +I can’t say who is exposed as a short seller (or naked short seller) and who is exposed as a lending agent (and/or [naked lending](https://www.reddit.com/r/Superstonk/comments/woyngz/did_he_say_naked_lending/?utm_source=share&utm_medium=web2x&context=3)) (securities lending counterparty risks), but this list makes sense to me as a lot of these funds were loaning out a substantial amount of their GME shares when I made the NPORT GME Deep Dive post, and my assumption is that their short selling and/or securities lending (and/or naked short/naked lending) positions outweigh many of these funds (or filing entities) long potential gains, making them afraid of a split or split by share dividend in particular. Again, this is just my assumption and isn’t backed by data. + +73% of funds did not want to see this increase occur, and shortly there after we saw the DTCC commit international securities fraud on GME's split via dividend. Interesting. + +Tanks fo reedin +I see a lot of people here are either doing CSP or CC. why is it not a good idea to do put/call credit spreads instead of CSP or CC. The advantage here is that you limit the risk on the downside. I made the following 3 trades on last Friday + +1. Sold TSLA 1095/1100 Call credit spread for $80 with $500 collateral +2. Sold LUCID 44/45 put credit spread for $26 with $100 collateral +3. sold SPY 445/450 put credit spread for $77 with $500 collateral + +I was successful in the first two trades but my broker closed my SPY position at a loss citing pin risk as this was on a expiry day. Even then, I felt selling spreads was a much better strategy if income is the main reason rather than trying to hold shares if things went wrong. + +Am I missing something here ? +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. +So I'm not sure this is the correct sub for this but I wanted to get everyone's opinion on this. +My Mum inherited approx £1million in 2005 from her parents who both passed away that year. I knew my grandparents were wealthy but ignored it was that much money. +My Mum has limited financial knowledge and always told us that this money would be for her children when she would pass away (nothing before). +Dad works in finance as a stockbrocker so he offered my Mum to pay her 2% APR to be able to use the money to buy stocks and keep the profits to himself. + +So my question is, am I right in thinking my Dad is scamming my Mum and she has lost out on so much potential profit by going into this deal? + +Also I do not get on well with my Dad (neither do my brothers) so all the money he has made off this deal, he will keep to himself. + +What are everyone's thoughts? +All of my lectures from university will be going on strike for 3 weeks, which also happens to be one week after reading week so I will have 4 weeks of no classes at all. + +Considering I've paid £10,000 for this course and there are only two terms of lectures, missing this many weeks is a huge disappointment. + +Is there any way I can get compensation for the weeks missed? +My mother is in her late 40s and has been working a minimum wage job for more than a decade and done her very best to save every penny. As a result, she's managed to save almost $60k in cash but as she gets older, she's been starting to think more and more about retirement and how that would play out. She's never learned about IRAs or 401Ks before so I've been doing my best to learn for her and help set her up. + +For context, she is a naturalized citizen working and residing in NYC. + +Due to the job she has, 401Ks, as appealing as they are, seem to be out of the question as there definitely won't be any employer-matched contributions. I definitely would like to open a ROTH IRA account at Fidelity for her, but given that contributions max out at $6,000, I'd like to look into any other accounts I could possibly open for her. I believe a HSA account may be viable but I think I'd have to look into the details of her insurance plan for her. + +I would greatly appreciate any input on what accounts I could consider opening for her, possibly where would be best to open them, and as for the ROTH IRA, what investments might be best to consider. So far, I think the best bet will be safe ETFs or index funds such as VOO or VTI. + +I am very open to any information you all could provide and would like to do the best I can for my mother. + +Thank you very much in advance! +[Link to the original discussion](https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671/highlight/true) in german (only the screenshots were translated with Google Translator) + +*Just for Safety:* + +* [*https://web.archive.org/web/20220801191157/https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671*](https://web.archive.org/web/20220801191157/https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671) + +[Comdirect user asks about the correctness of the split after the crazy off- and on-booking of GME shares last Friday after market close at many German brokers](https://preview.redd.it/f6m8e17kv3f91.png?width=884&format=png&auto=webp&s=4610c137dbb8773713aecd72565a3ff08952a570) + +[Comdirect first admits to having booked the dividend split incorrectly as a stock split and clearly names the corporate action as a stock dividend. Then Comdirect support corrects itself half an hour later and says it is a regular stock split and claims that a stock dividend is just a rumor](https://preview.redd.it/n2zz7xx0n5f91.png?width=872&format=png&auto=webp&s=11724bc57e3b20addeba1f4704a4a067e70d17ab) + +[Comdirect has no idea and a lot of it ](https://preview.redd.it/r6l39cxcw3f91.png?width=887&format=png&auto=webp&s=0de663e25a4540ced454d267318748d07152c4de) + +[Ape explains to support that GameStop itself says it is a stock dividend](https://preview.redd.it/xt2fevojw3f91.png?width=895&format=png&auto=webp&s=cedda8b554a3321538578ebe8d0102de9de420ff) + +[Ape explains to support the difference between a normal stock split and a stock dividend split](https://preview.redd.it/2wioddtqw3f91.png?width=881&format=png&auto=webp&s=0cfc173fb6aa4aabb9a04ecb74a5e253e49670d8) + +[Comdirect will handle it like a normal stock split on instructions from DTCC. Another community user thanks Comdirect for the clarification and now thinks that GameStop's wording is a misinformation](https://preview.redd.it/00cm9vjyw3f91.png?width=877&format=png&auto=webp&s=ec548ff42ef48b95a2f368ce5d951f826469c2a2) +Id love some advice from y’all about paying for my masters degree! + +I recently graduated with my bachelors, and I was thankful enough to graduate with no debt at all due to my parents helping me get through school. I was fortunate to land a position in Comm/ Digital Marketing for a company right after graduating, which I’ve been at for a couple months. The pay is pretty good for an entry level job, I’m on track for about 52-55k per year (hourly) with full benefits. + +I have about 2k left over at the end of each month after my bills are paid, so I’m stable right now. + +I have researched a lot, and I am very interested in a couple different online MBA/ M.S (Marketing) programs to become further educated in the field so i can advance in my career and set myself up for further success down the road. + +The question is: do I wait and save to pay for an online MBA/ M.S at a larger university? Or do I get the degree quicker and for less money at a smaller (still recognized and accredited) university? + +I want to avoid student loans entirely and maintain living debt free. some of my friends and family have been telling me to save up for a long time, or take out loans for a degree at a big name school because it will be a good ROI due to the alumni network and school name recognition, and some have said to get the cheaper degree because companies dont really care about the school name anymore as long as it is accredited. + +Im super confused on what to plan for/ consider. Any thoughts? +"As much as 80 per cent stocks in the portfolio have slipped into the red, with only a handful of companies from sectors like shipbuilding, footwear, pharma, IT, cement and chemicals offering some cushion on the downside. " + +[https://economictimes.indiatimes.com/markets/stocks/news/80-of-lics-equity-portfolio-deep-in-the-red-a-high-flying-psu-a-few-others-play-saviour/articleshow/70971324.cms](https://economictimes.indiatimes.com/markets/stocks/news/80-of-lics-equity-portfolio-deep-in-the-red-a-high-flying-psu-a-few-others-play-saviour/articleshow/70971324.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst) + +LIC the perennial saviour of all PSUs poorly managed and needs to be rescued. Is anyone surprised? +I’m back to working my 2 jobs to the full-time that ive previously done. However, its barely dawn on me that ive been working 2 jobs or more for about 6 years. I’m still exactly where i am hustling and busting my butt yet i feel like i’m going no where and as i get older i’m getting more and more tired of it. + +Ive been learning more skills. Self teaching myself excel and spreadsheets, along with bookkeeping and other admin stuff to get my hands on to be more valuable but nothing so far, granted now things are probably worse to find work. + +However i’m starting to lose hope to get out of working multiple minimum wage jobs to barely survive. Its slowly letting depression creep up on me that is effecting my relationships, self worth, and my overall emotional status. Mainly due to getting up early and closing shifts at night daily. + +I feel like trades are the only way out but honestly i’m the most weakest glasses wearing, dorky, and no muscle man millennial. Welding, working with my hands, construction, i know for a fact isn’t for me, i’m genuinely not cut out for something like that. + +I feel lost and wonder if others have been in my shoes and what they have done. + + +EDIT: Whoa! I didn’t expect this to blow up so hard! Thank you all soooo much for all of your replies! I promise i’ll read as much as i can and reply as much as i can! (Sadly i posted this before bed as i finished 2 rough shifts haha). I’ll be able to reply on my lunch break more personally, but a bit more detail on me. + +I work as a front desk agent at a hotel property. I am also a sales coordinator (conducting the meetings, group meetings, group blocks, talking to clients, drafting contracts, warm calls, and being the general lead hello and let me show you what we offer salesperson.) + +My second job is a basic sandwich shop you know bare bones minimum wage. There was also a time i worked in a grocery store at the same time as well, but i left that because the work environment. + +Ive been self-teaching myself bookkeeping for about a year or so, the process has been slow but its going okay i think. I’m also learning quickbooks on my own. Learning to code has been on my mind recently, although i’m not entirely sure where to start to ACTUALLY practice. Like bookkeeping and quickbooks, grab some books on bookkeeping, learn terms, play with the quickbook software. With coding, i don’t know what softwares to even begin with or install to put the foot in the door to practice. + +I simply can’t thank you all for all of your replies and information. Its giving me the greatest tool i could wish for, hope. :) i’ll reply as much as i can to people before my shift starts! +As a surgical resident at a major city hospital, I suspect the CDC knows everyone is going to get omicron in the next 2-4 weeks. + +*The CDC reduced the recommended quarantine for asymptomatic Covid positive healthcare worker to 5 days REGARDLESS OF A NEW POSITIVE COVID TEST without citing sufficient evidence justifying the move.* The CDC and the AHA just said that doctors should not delay CPR to put on PPE on known COVID patients. Every doctor I know is completely confused why they’d do this. Fuck the healthcare workers I guess + +But if everyone is going to get Covid anyways on the next few weeks, risking additional exposure doesn’t matter. + +If the whole country gets Covid in a 2-3 week span, we are FUCKED. What if there are no essential workers? What if hospitals lose what little staff we have already? + +They want people back at work as soon as possible to minimize what will be the greatest acute labor crisis in history. A busy Walmart nearby closed a whole week for “cleaning”, but it’s likely because too many employees are out with Covid. Groceries, pharmacies, business, critical infrastructure , healthcare, everything is going to get hit HARD and FAST. + +Hospitals are fucking dying right now and the worst is yet to come.. My hospital has been diverting patient to other hospitals, which are also literally all on divert, therefore no one is on divert. We have the physical rooms but not the staff to cover the rooms. If we lose any more staff, dermatologists will start intubating and managing vents (but kind of actually). People will fucking die from lack of medical care. + +Do whatever you need to do to protect your assets or make a lot of 🌈🐻 money in this market. Don’t ask me what to do, my portfolio bleeds almost as much as my patients. + +TLDR: We are going to face the biggest and fastest labor shortage in history in the next 3-4 weeks + +Side note: please don’t go to the hospital if you’re positive unless you’re in a high risk group or are short of breath (edit: or have concerning symptoms). There’s nothing the hospital will do for you healthy young adults except stick you with a $3,000 bill unless you need oxygen. Call your doctor instead, though they’ll probably get Covid as well. + +*reposted to correct title + +Edit: typo, but also to clarify, it doesn’t matter if it’s more mild if people are still out of work for that period. Omicron has a third of the hospitalization rate, but I cannot emphasize enough how infectious this thing is. Look at [these carts](https://imgur.com/a/cbQY4Pn) + +Edit 2: most controversial post on Reddit in the last hour! I want to emphasize that omicron is more mild, but if people are still quarantining with mild symptoms at the same time, there will be a major labor crisis. This argument, along with the CDC’s decision to reduce quarantine to 5 days, technically supports re opening (with reasonable precautions). +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! + +5 year lurker.. first time poster. There have been a number of posts recently of very fortunate people which have been received with everything from incredulity paired with despair to heartfelt congratulations. What a spectrum of emotion! Accusations of humblebragging have reverberated around the sub and it’s altogether been a little too salty for my liking. Let’s start with the basics: + + + +[Graphs]( https://imgur.com/a/xt9i3) + +Married, no kids. 30(M), 29(F) +**Income:** $375k. $275k (me), $100k (DW) +**Net worth:** $610k +**Home equity:** $220k +**Semi-liquid:** $390k. Spread across taxable and non-taxable. +**FIRE Number:** $2-2.5 million including HE. + + +Now that I’m done with my humblebrag, let’s look at what portions of my experience and perspective I can share. If I can do this from my starting point, so can most of us. I am under no doubts that luck has played a large role in my success, but there are number of decisions and risks I took that have been equally important. A number of the seemingly insurmountable barriers that people described are just that.. barriers. You can do it too! + + +The above is a one-dimensional view. Let’s look at the barriers on the way: +>Lower wage job ($25k) in a lower paying country that the US (UK). Check. +>Degree with poor job prospects (manufacturing). Check. +>Lower (relatively) income ($75k) in a HCOL (SF Bay area). +>Single income couple in said area. Check. +>Student loan debt ($70k). Check +>Industry that is stagnant, losing jobs and lower paying (manufacturing). Check. + +**Getting a job** +I graduated in the middle of the recession (2010). TBH it was the best thing that happened to me. Prior to 2010 I was bottom of my class. The raw, primordial fear that the recession introduced into my life changed me from a skirt chasing Counter Strike: Source addict to one of the library’s most studious residents. I had mistakenly studied manufacturing engineering in university, oblivious to larger global trend of automation and the exodus of manufacturing jobs to low cost locations. It was hard, really hard to get a job. My first job paid decent money, $25k, all things considered. I took any advantage I could get to get it- I had to travel for my interview. When I checked into my hotel room, the receptionist told me that my “colleagues” had already checked in. Thinking on my feet, I asked her who they were and what rooms they were in. Turns out, 2 were there to conduct interviews and were in the bar. I dumped my stuff in my room and headed to the bar. We all joked about what a remarkable coincidence it was when all three of us ended up chatting for a few hours! 100% this is why I got the job over the other 200 applicants- I got to connect with them, on a human level, outside of the interview process. + + +**Finding a profitable area in a waning industry** +My early professional life was plagued by a sense of impending doom. I knew I had to do something differently if I wanted to avoid building a career in a dead end industry. Despite my efforts, I couldn’t get into a different industry, so I started to look into the areas of manufacturing less likely to go to a cheaper location. Anything where the value is derived from IP (Pharma, medical devices), government contracts (defence) or major capital equipment (trains, planes). I landed a job in medical devices, $35k at a US multinational. At this stage of my life, I lived on $10k a year with a savings rate of ~60%. I didn’t heat my room, never had AC, I never ate out. My food budget was $25 / week for groceries and $20 / week for subsidized meals at work. Video games kept me sane. I studied at night time to pick up certifications in statistics and business to broaden my skillset. + + +**Engineering a relocation** +In 2012 I went on a business trip to the US. I was dumbfounded. My peers in the States were earning 3x what I was and paying less tax. Not only that, but progression was fast! There were managers and directors in their thirties. I was sick with envy. It was a visceral feeling that hijacked my emotions for weeks! And like that, I decided I HAD to go the US. It was the only option for me. I applied for every single posting I could find in my company and was uniformly rejected. New grad with 2 years’ experience? No chance. Then I found out that an important VP was visiting our plant. I begged my friend, an administrative assistant, for his schedule. She eventually relented. **Pro tip:** Admins are gatekeepers and have huge amounts of important information. Always be on their good side! I researched his career and then “happened” to be in the elevator at the same time as him and delivered an elevator pitch. Just like that, he scheduled a follow up call with me, which led to some other calls. 3 weeks later I left everything behind and landed in San Francisco airport. Salary was $74k. + + +**Stuck in rut, but still saving** +Fast forward 3 years and I’m horribly unhappy. The manufacturing site I’m in has 30%+ attrition and has laid people off. It is disproportionately staffed by low paid visa workers who cannot leave. Compensation is generally 20-40% below market. Thankfully, I did not sacrifice my life for work and I’m in a very happy and meaningful relationship with my future wife, who kept me sane. We were living together and subsisting on one income as she was in graduate school. Total expenses for 2013 and 2014 were $40k and $42k respectively. This was very challenging in the Bay Area. I don’t know how parents support children on that level of income here. They must be budget ninjas! We had a good deal on rent ($1,650 for a studio) which we got by being the first at every showing (usually 7AM), and being willing to sign a lease on the spot. + +We got married ($16k, 80 people). Happiest day of my life. $16k was a small price to pay for such an amazing day. We made all the decorations and married at a restaurant- cheaper as their business model is to provide food and seating together. Surprising how expensive it is to pay two different companies for each separately. My biggest regret was paying the included 18% service fee but leaving no additional tip. There’s being frugal and there is being cheap. I cringe every time I think of it as the staff were fantastic. DW had $70k of debt from her undergrad and master’s degrees. Refinanced at 6.8% and put everything we could towards it. DW got an excellent job in healthcare, income is relatively fixed around $100k for.. well forever. Her job and income are much more stable than mine, which is nice. + + +**Know your worth and take risk** +Green card came through (did the paperwork ourselves to save $3k+ in lawyer’s fees) and I started job hunting. I was desperate to leave. I was shouted out, called names, lied to and promised a promotion that never came. I knew I was in the hottest job market in the country, one where big risk is rewarded and failure is accepted. I found a company that I really liked the look of. Product was good, financials were healthy and growth prospects were excellent. I found a contact who worked there and got her to refer me instead of me applying. Why? Interviews are an extended negotiation. Having a narrative that “they found you” gives you much more leverage than the other way around. Interviewed, they made me an offer as a level individual contributor with a 20%+ pay increase. I turned it down. What? Yup, I turned it down. When you are negotiating, it is important to know your worth. We had a NW of ~$140k at the time, so I knew I could quit my job and be unemployed if I had to so I took the gamble they’d offer me something better. Two months passed and they rang me back to say they had changed their organization structure around to create a management position for me and offered me the job, I took it. Total comp that year for me was $130k. + +Jumping ahead to now, I’ve been through two promotions and the company has done very, very well. Salary is $155k, the rest is bonus and equity. Still in manufacturing, compensation can be good in any industry. It’s just a question of *where (or how high)* you have to go in a company to find it. Average compensation sucks for most in manufacturing. + + +**TL;DR and general advice:** + +Everyone reading this has decent analytical and financial skills (thank you FIRE community). These are real skills, parlay them into your work. + +Learn to read a balance sheet and P&L account. Be mindful of who you work for by understanding their product, market and financials. It is much, much easier to progress in a growing company. + +Focus on value and impact. Don’t focus on the task you are doing. Seems simple, but it is amazing how many people do something because they’ve been told to do so without understanding what they are trying to achieve. Pursue further education to do so. + +Luck is important. The ability to recognize opportunity and take advantage of it is even more important. Or “creating” your own lucky situations. See above examples. + +Relocate if necessary. + +Make sure your spouse has shared values. Mine does and everything we do is a team effort! + +No barriers are insurmountable, it is just a question of it of what it takes to overcome it and if it’s worth it. If you think you can’t do something, you can’t. + +**Edit:** Some thoughts on skills and doing MSc's or Phd's. True value tends not to come from deep knowledge of one skill, but the intersection of several. It is much rarer and you can add much more value as a result. Rather than become an expert in something, I've gone around and picked up a few complementary things and built an extremely competitive skillset. + +**Edit:** Appreciate all the kind comments. I'm just a regular dude, I'm not anything special. I never, ever thought I'd break 100k in income. I use to despair at how unachieveable the salaries I'd see in this sub were. Regular people can chase FIRE and be successful. That's what this community is about. Anyone can do it! + + +It's been a while since the last post about the pros and cons of putting your kids in private or public school. I have read through most of them previously and have found the discussion very useful. + +As background, currently moving to a new city and looking at the various neighborhoods and the schooling options. + +In the city and surrounding suburbs, there are plenty of roughly average public schools. I am ok with that, as I went to run-of-the-mill and rougher schools and it was fine. One generalized storyline with public schools is there is a wide selection of society represented and the kids will more likely grow up with a broader view of society. Mostly true in my case. Some exposure to the rougher side of life and some not great influences but I managed through that, mostly unscathed. That's a sample size of one though. + +There are some private schools as well, which run from the mid-range of approximately $6K-10K per year (religious affiliation, Montessori, etc.) to the higher end of ~$25K+ (stereotypical private school with uniforms, IB, etc.). One generalized storyline with private schools is there is a narrow selection of society represented and the kids will be more sheltered from the broader world which can lead to all sorts of challenges later in life. I have little to no experience to validate this storyline. + +From my perspective, my kid is intellectually curious and likes to learn and I'm a big believer in education as an area of focus to increase the odds of better outcomes in many areas of life. The cost doesn't matter at all in relation to my FIRE plans or SWR. All things being equal, is private school better at providing a well-rounded education and setting them up for university and becoming lifelong learners? + +Any advice, experiences, and thoughts greatly appreciated. + +EDIT: Thanks for all the comments and real-world examples thus far. It is of great benefit to hear actual stories regarding the multiple paths taken and how things have worked out. I certainly got a lot out of the discussion and know that other parents reading through it will as well. A heartfelt thank you. +\*\*\*UPDATE\*\*\* TREND CHANNEL TRADING + +A Strategy to Overcome PDT Rules + +@ Yeezy\_Trades + +&#x200B; + +This is an update to my post from this past weekend.. You can find it [here](https://www.reddit.com/r/Daytrading/comments/ltuym7/trend_line_channel_trading_a_low_risk_high_reward/) Since making that post I have received a ton of responses, some great, some horrible. I have had people tell me I got lucky, that I am a fraud, that I should sell this as a lesson, that they would pay me to trade for them, or pay me for one on one lessons. Which I will never do. Anything I post on here relating to this strategy is free. I just want people to stop with the bad trading habits and actually find some success. Nothing else feels better, I promise you. + +One more thing, If you have not read the original post this is just going to be a bunch of pictures. You **must** read it first to understand what I'm talking about. (It'll take about 4 minutes to read - please upvote if you do read it) + +&#x200B; + +You can also check out my Twitter, @ Yeezy\_Trades , all of these pics and more are there as I tweeted them in real-time and narrated the market movements. + +&#x200B; + +[We had just seen a correction in momentum earlier as this bounces off 383.00. Momentum was to the upside but had found some resistance.](https://preview.redd.it/qayx95vi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=3330ded5a47abd13e62068adaa0b04968d48b548) + +&#x200B; + +[My pre-determined price target being hit](https://preview.redd.it/mh7fkavi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=ac9e82d367a44cb172ec83912c59463e7388eeff) + +&#x200B; + +[The bounce off the trend line](https://preview.redd.it/cky4dvvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=96009ab315b9097ea9f4f2dff6cf452c9d152dae) + +&#x200B; + +[Resistance, watching for a reversal possibly](https://preview.redd.it/5q6kkmvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=b4493e4e619ec892a91601a18b3f7f615b5ee4fc) + +&#x200B; + +[Upward momentum still strong enough to carry us up](https://preview.redd.it/npxqhhvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=44d9a0b126333480a934561cef008a68b3875dbf) + +&#x200B; + +[I'm telling followers there is momentum to move up but some hesitation](https://preview.redd.it/vbl2bivi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=712b17402af7db222eef01dbe53158249d572d73) + +&#x200B; + +&#x200B; + +[Upward momentum continued until it hit previous resistance \(white line\)](https://preview.redd.it/7hwfsgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=d7461f287176b9d23a4b3d1eb3a0eb93fc7538b8) + +&#x200B; + +[Working its way back down to the lower trend line on the channel - It break, I tell followers the trend is broken](https://preview.redd.it/qyq9xgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=2956ee260816f91ea2924f4327772d3efb4832b0) + +&#x200B; + +&#x200B; + +[Price has bounced off the lower trend line on the new channel and is working its way up](https://preview.redd.it/tg6e4avi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=c0ad8268ed3259b35873e2bdff4dc6a22743795e) + +&#x200B; + +[Confirmation of the new trend line as it bounces around.. I tell followers it's a go.](https://preview.redd.it/39t2pgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=3b42d1f1bdc08b1422adf77057b63515eb46b577) + +[Me calling the downtrend target \(I was incorrect\)](https://preview.redd.it/ui0jogvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=1fb491f8045b96eee4e96b1e8d406795b088e395) + +[A resistance level I did not see, it was pretty stout. ](https://preview.redd.it/cqngkgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=6e32bf792422d94a10863a86c55a1e71ca907064) + +&#x200B; + +[New trend line I have mapped out but isn't confirmed yet.](https://preview.redd.it/i9xlu4vi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=9179bff034907f746dce476a01acb97fac320cc4) + +&#x200B; + +&#x200B; + +[Downtrend continues and I have determined a new price target \(green\). I marked the old one as orange, to keep me honest.](https://preview.redd.it/9nlejmvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=447b004620e6b341b4ec63e4f7c11e99657dcdcf) + +&#x200B; + +[Watching indicators just to get a little extra confirmation](https://preview.redd.it/rbuo4evi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=d997d0cda915a3a09147298f1611cef40e33bc8c) + +&#x200B; + +[Oh we are getting close...](https://preview.redd.it/kcbalbvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=2c77f8361f88d3b64c6e205e619bada4a941e811) + +&#x200B; + +[That counts! But it isn't what the strategy is talking about. We want trend lines.](https://preview.redd.it/ip20xgrw3xk61.jpg?width=3520&format=pjpg&auto=webp&s=829d79cdb5013dec1f2028769f511b5ded43191a) + +&#x200B; + +[Eeek Eeek...](https://preview.redd.it/tajbquqw3xk61.jpg?width=3520&format=pjpg&auto=webp&s=16e9fd651fc30c98d81acfcdf9deb98c4b8599bb) + +&#x200B; + +[Bangerang. ](https://preview.redd.it/3bros6rw3xk61.jpg?width=3520&format=pjpg&auto=webp&s=148fe22ae98ea1be479e9958448a20a1e8df4741) + +&#x200B; + +Ok so that's a lot of pictures just to basically walk you through what I am telling you can work and will work. Charting is a powerful tool. And what is beautiful about it is that any monkey with an internet connection can do it. + +&#x200B; + +A few disclaimers.... I will NEVER ask you for money, I will always answer your questions. I will do whatever I can to help you understand what I am seeing and why it works. + +&#x200B; + +Thanks again for the read, I hope you enjoyed it. I will continue to post to my twitter and work out some material that will help my followers better understand. Next on my list is how and why I pick a particular strike. + +&#x200B; + +As always, IF YOU HAVE QUESTIONS JUST MESSAGE ME ON HERE OR ON TWITTER... + +&#x200B; + +Update - I have received way more responses than I ever imagined. I am trying my best to keep up with it all but if I miss you don’t be afraid to reassert yourself. + +\-yt +Hey everyone! Pretty stoked on this, but I didn't know who to share it with. I enjoy reading the personal stories that get posted here, so I figured I would share mine as it seems a little different approach when compared the majority on here. + +&#x200B; + +**2015** + +* November- Enlist in the military. I had been working for a few years, but failed to have anything to really show for it. Sold my car and most of my stuff then I was off to basic training with a net worth of only about $3000, but no debt. + +&#x200B; + +**2016** + +* January - Graduate basic training. Not being allowed to spend any of my money or go anywhere while in training for the past three months had added $3000 more to my net worth. I was making $1500 a month. +* June - Got first promotion and was now making about $1700 a month. +* July - Took a loan out and purchased a used Honda Accord for $9000. +* August - Began to start actively saving and investing. Started 5% matching into TSP which is the kind of like the military's 401K. Also began to invest a couple hundred each paycheck into Robinhood buying random stock, though I lost more doing this than I gained. +* November - Totaled my car, and thought I was going to be screwed on the amount I would get from insurance. The other party claimed injuries and for months I was certain I was going to have to come up with a fortune because of the accident. Luckily my insurance fully paid off my loan and left some over for another car, as well as covering the other parties injuries and vehicle. (Shout out USAA) +* I ended 2016 with a net worth of $5000 + +**2017** + +* January - Eloped with my girlfriend of 5 years and got married. She stayed in our home state to finish her year of college using FAFSA. The military began providing $2950 extra a month for food, housing, other pays because of this. I was now making about $4450 a month, but now had to find my own housing and food. +* February - Buy a used care using insurance money. Also began renting a room for $850 a month and pocketed the remainder of my housing allowance. +* March - Promoted to next rank. Taking home about $4600 a month. Opened IRA with Vanguard. About this time I made a goal to have $50,000 and no debt when my contract ended in 2020. +* August - Get orders to Japan. Begin preparing for over seas move. Have actual wedding and ceremony with wife and family. +* Ended the year with about $15,000 after the wedding. + +**2018** + +* January - Arrive in Japan with wife. My pay takes a cut as I am now living on base and not receiving certain pays anymore. Take home pay is now $2400 monthly. +* February - Purchased two used cars in cash for $4000 total (cars are cheap here), new furniture and beginning to settle in. Began a strict 50% rate of saving after getting all settled +* June - Promoted to E-4. monthly take home $2650. +* August - Wife begins working, not steady pay but \~$400 a month. +* November - Time in service pay increases to $2800 monthly. +* Ended the year net worth $27,000 + +**2019** + +* January - Yearly pay increase comes now taking home $2900 monthly. Wife get new job with fairly regular hours bringing home about $1000 +* June - Promoted to E-5 take home pay is now $3100 monthly +* November - Get assignment for 6 months to Korea. Wife has to stay in Japan. Receiving different pays and stipends as well as another time in service increase. Take home is now $4000 Monthly +* End the year with $36,000 net worth. + +**2020** + +* January - Still in Korea. Yearly pay increase now taking home $4200 monthly. +* April - Covid hits Japan and my wife is forced out of work. +* May - Covid keeps me stuck in Korea. Also hit my $50,000 goal I set in 2017. +* July - Return to Japan. Stop receiving certain pays. Now taking home $3300 monthly. +* August 31st - Checked my accounts today for the hell of it and realized that I have well surpassed my $50,000 goal. + * Robinhood: $28,164 + * Vanguard: $29,259 + * TSP: $13,086 + * Savings: $5000 + +&#x200B; + +I am getting out of the military soon and will be going to college for a Computer Science degree using my GI bill. I will be getting out debt free with over $70,000. It's not for everyone but the military can certainly set you up for the future and is very easy to build a nice net worth in. +I've recently seen a lot of confusion around odd lots, so I thought I'd put together a quick post. I'm trying to take some time off right now, so this post won't be as thorough as usual. + +Let's make a couple of things clear: + +1. Odd lot QUOTES are not currently included in the NBBO or on public market data feeds. +2. Odd lot TRADES are printed to the tape, just like every other trade. + +There are [many changes](https://www.sec.gov/news/press-release/2020-311) coming with odd lots, they've been a focus of regulation recently, and you can read all about that [here](https://www.sec.gov/news/press-release/2020-311). Here are the important odd-lot items: + +&#x200B; + +https://preview.redd.it/e1lb1poo5sg71.png?width=580&format=png&auto=webp&s=1b5b526c481d03c76afc83fec91660bb25942201 + +When you hear that "odd lots" aren't included in the NBBO, that simply means that the QUOTES (aka resting orders) are not. However, odd lots are still subject to Regulation NMS, which means that during market hours odd lots cannot execute outside of the NBBO. Further, every odd lot TRADE is included in both public (SIP) market data feeds and private exchange feeds. Every odd lot trade impacts the price, however that doesn't mean that these trades impact the price materially. By definition, odd lot trades are small, and therefore a bunch of odd lot trades might add up to a fraction of a round lot, and not move the NBBO when they execute. That doesn't mean they're not impacting the price, it just means they're not impacting it enough to move the NBBO. + +Also given that odd lots are small, they are used disproportionately by retail investors/traders. So you will see lots of odd lot trades execute off exchange, because retail trades generally execute off exchange. + +In the [follow-up to my AMA](https://www.reddit.com/r/Superstonk/comments/n5qp96/ama_followup/) 3 months ago, I included this chart which shows how small the average GME trade is OTC - it was under 50 shares at the time: + +&#x200B; + +https://preview.redd.it/m3i8mktd6sg71.png?width=325&format=png&auto=webp&s=7a7b822e4699ba4d8d6d917c74490ce60c2ea233 + +Therefore the average GME retail trade is an odd lot. All of these trades are still protected by Reg NMS, and must execute within the NBBO. And all of these trades print to the TRF, and so they impact the price. + +It's always important to understand the difference between QUOTES (resting orders) and TRADES (actual executions when a buyer and a seller meet). I hope that helps to clear up some of the confusion around odd lots. +Yoyoy eTorotards. I come to you bearing good news surrounding the recent eToro FUD and shilling drive. +Today, I woke up to see the sub being pumped by shills and FUD surrounding the Tilray merger and the news article posted eToro team. https://www.etoro.com/posts/0__entry__19ed9016-5e15-4642-be20-64b8dc9bb89f +"If an offered stock is acquired, the stock will be delisted and users will receive the notional amount of the acquisition terms. + +As well, if the offered stock is the acquirer, nothing will happen and the stock will continue to be offered." + +Shills are out in force telling people to transfer/sell on eToro and change to another broker ASAP before the squeeze. DO NOT SELL YOUR SHARES!!! As eToro does not allow transfers, shills know selling is the only way to get off the platform. And due to having over 1mil+ shareholders on eToro, this would be a huge gain for SHF if even 25% bought into the FUD and sold. + + +As stated above, this will not affect current holders of $GME as long as Gamestop is the acquirer. This is the most probable outcome of a merger. It would be downright silly for GME to merge into a new shell company after millions of people around the world have grown up to love the company Gamestop. Furthermore, in the last 6 months, Gamestop has received an unprecedented amount of free advertisement from both MSM and Apes(signs, billboards, airborne messages). Also, re amping all their stores with new Gamestop signs that shine brighter than the beacons of Gondor Why would they then suddenly change the company brand after all of this..? It doesn't make sense for them to do this. + +IMO, a merger is highly probable considering all the clues and hints pointing towards this conclusion. However, I'm skeptical that a 'reverse merger' will be the exact method. Generally, a reverse merger happens when the public company(GME) is on the bring of bankruptcy and their most valuable assets is the shell ($GME) which its traded under. This is obviously not the case for Gamestop due to clearing all their debt and raising well over 500mil in capital to push their company evolution. Furthermore, generally in a reverse merger, the public comany dies(Gamestop) and the private company trades under their new shell. (https://finance.zacks.com/reverse-merger-mean-stocks-1096.html) + +With all that said, I am just an Ape, swimming through the world of 'new' on r/superstonk, trying to dispell FUD on the weekend and help the MODS in their brilliant effort to keep this community excellent. Theres always the possibility I am dead wrong about this. I have sent an email to eToro for some classification surrounding this topic and will update this post astoundingly when get news back. + +Lastly, due to eToro allowing apes to vote which went against what their T&Cs state. They are making a conscious effort to satisfy apes, and keep on their side. They know if they mess things up, they will lose millions of valuable customers, and be pooled into the same category as Robin Da Hood. It appears they are trying to avoid this happening at all costs with their upcoming IPO. + +TL;DR - DO NOT SELL YOUR ETORO SHARES. Don't believe the shills telling you etoro will fuck you over and transfer out ASAP. Any form of urgency seen shall be taken as FUD until proven otherwise. Remember your training, we are all in this together(as independent retailers obviously) See you all on the MOOOOON!!! +https://www.cbsnews.com/news/2020-real-estate-forecast-still-too-expensive-for-most-people-to-buy-or-rent-a-home/ + +As a decade-long economic boom pushes into 2020, affording a home isn't expected to become much easier for the average American, according to recent reports. + +Average wage earners can't afford to buy a home in 344 of 486 counties, or 71% of the U.S., according to a fourth-quarter analysis from real estate research firm Attom Data Solutions. That's just a slight improvement from from 73% in the third quarter and 75% a year earlier, the Attom report found. + +One reason for the glacial pace of improvement? A booming real estate market amid lower mortgage rates. +About 20 years ago I had such a terrible work experience that it completely changed my impressions of careers, people, and materialism. (I was terrorized by an extreme workplace bully, outrageous office politics and eventually a very aggressive harsh employment termination. I was treated so harshly that it put me in therapy. I had PTSD. + +At the time I was a typical American who lived on 110% of my income, getting in debt and living paycheck to paycheck. I could not afford to leave my job and miss even one paycheck-- so my bully boss had me wrapped around his finger. + +I have had many bad bosses and office politics since that awful job of 20 years ago but I don't feel quite as scared and helpless due to my investment and bank balances growing and the awfulness just encouraged me to save even more money for a quicker FIRE. I am trying to survive the corporate rat race till 2022. + +After that traumatic job 20 years ago, I faced a long job hunt and poverty. Eventually, I found a good job and I decided to never let that happen again. I scaled down my lifestyle and fixed expenses and started to live on 50% of my income. I invested my money wisely and soon had enough money to be more comfortable. Some called it a XXXyou fund. + +I wonder if I had not experienced such harsh treatment at work if I would have not have saved enough money that I can now retire early next year at age 62. + +So, did you have some type of traumatic experience at work or with your money that encouraged you to save aggressively for FIRE? Tell us your story! +I remember around 2010 I used to hear a lot about BRIC and the respective countries' economic growth and their importance in the world. What has happened to BRIC and BRIC countries since then? + +In the media, Russia and China are largely spoken about in political terms now; India, I don't think, is spoken about all that often; and I never hear about Brazil anymore. + +Thanks +Id like to know when you bought or flipped a home what were the "big ticket" items that cost you the most to repair? + +"Plumbing, HVAC, Roofing, asbestos removal?" +And how much did you pay? + +List your top 5 and the amount you paid for each! + +Cheers! +I was raised in a very poor family. A lot of times we didn’t have money for basic needs like food. I’m now a 24 year old adult and I’m on my own but I was obviously never taught what I should do to be financially stable let alone “wealthy.” what kind of things can I do now to learn? + +Edit: I went to college when I was 20 to pursue a degree in business. I went for 2 1/2 semesters before I lost my financial aid and was no longer able to afford tuition. Now I have 20k in debt that I really can’t afford. +This sub talks a lot about luxury cars/splurges (as it should!) but I'm curious about some of the cars people on this sub are driving that don't immediately call you out as a rich person. What is your "StealthWealth" car and why did you pick it? +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/) +Hi guys. I’m a 26yo woman from Iran. I’m a freelance translator. I know 3 languages. I learned it all by myself. I quitted the college when I was younger, so I’m just high school graduate. But I was so good, I’ve translated books (stephen king and brandon sanderson novels) and got them published anyway. Publishers in Iran don’t pay much though. + +You know It breaks my heart that I have to live here. Everybody is very scared. Things have been going really bad in the past 4 years. Everything doubles in price every 2-3 months. Our currency is so valueless, that our average monthly salary in dollar is 100 to 150. I feel like I can’t protect my money from inflation and shit. I turned all my excess money to golden jewelries. I don’t trust islamic banks. And investing is full of risks here. It’s a complete chaos. You can’t imagine how high is fraud rate. + +Also immigration is very hard for us. But I really wanna get out of here. I don’t wanna live in permanent distress. I sometimes think I might not find happiness and abundance even in an advanced country. Cause I come from an origin of lack, Being scared of poverty and not knowing what to do. As a woman in third world country, I have much more problems than just finances. +I don’t know if I chose the right community to post this. But I want you to help me and tell me what you’d do if you were me. I appreciate any advices. +I have this gut feeling that they give more harm than benefits. At least for discretional trading. + +My trading performance seems to be much profitable when I base my analysis on price action alone. Less clutter, less false signals. + +Obviously there are thousands of different strategies, and everyone must find his/her own style. There are no absolutes in trading. + +I’m just wondering if I’m doing something wrong or not. +Price action and resistance/support seem to give me already 90% of what I need. +Even the most common indicators like the RSI and MACD don’t do it for me. + +Thoughts? +Prices still change when the market is closed. However sites like tradingview do not update prices when it's closed. Can I see the current price somehow? + +Sorry for a newbie question. + +Edit: I'm looking for CL=F (crude oil) price +I'm new on this things of trading, I saw on this month a lot of things about this. I'm here for advice, because the best opportunity I will have to invest is in the next months due to the crisis issue. however each article, each video or in each forum that I enter only makes me ask myself more questions such as "what is EBIT", "why is PER so important", etc ... + +I have answered many questions, but every time I understand something, 20 things come to me so I told myself that I don't know anything about this. The worst part was when I installed MT5 with MX to test the demo account, right there I realized "this fckng thing is more complicated than what they paint and I don't understand a shit about it, but I must learn". I've been burdened for two weeks, asking myself if I should first become a programmer or look for someone who can tell me where to start and what to do, a guide, but unfortunately even that is difficult to find. + +I now that I can't become rich from one day to the next, but part of my family could hatch me if I enter this world and I must take advantage of it but, what should I do? what should I learn first? +&#x200B; + +https://preview.redd.it/6amug0mrygz61.png?width=613&format=png&auto=webp&s=0df546dbd3deed30d542c91c19374f71093da3ba + +Developer who understands how blockchains work talks about dust/spam attacks from low cost to transact on-chain. + +Musk tells him it's all fine miners get the same fees. LOL! + +This is why people should stay in their lane. The cult of Elon has deluded themselves into believing their own bullshit that he's some sort of frickin' polymath. + +He's just an engineer apt to pass ignorant commentary on topics he has no initiation in, nor any inclination to seek. + +"For those bad at math" after spewing uneducated hogwash about the only form of money predicated on hard-wired mathematics. + +Dude's a fraud and he's not even embarrassed about it. His target audience lacks the scientific literacy to ever call him out. As you say, master Elon. A combination of halo effect and ipse-dixitism. +New to this but not to investing. I will grab as much info from the sidebar and web as possible but is there some shit I can side step from your prior experiences? Appreciate it :) +What does the economic papers that highlights real-world evidence of rent control vs no rent control show? Is it in favour of the former or the latter? +I was *shocked* when I looked it up. Husband and I lived month to month, sometimes day to day, for like 8 years and I assumed we were close to it. Also always assumed my parents were in actual poverty when I was growing up, based on how we lived... anyway +I don't remember the numbers but I do remember that for my husband and I to be considered in poverty we would have to have FOUR children/dependents. Which is absolutely insane to me! We are just now at a comfy place where we have money left over after bills each month. If we had ONE child we wouldn't be able to keep up with expenses. Bureaucratic bullshit, but also it made me feel more grateful for what I DID have growing up and in my 20s. +[10 days out](https://hack.ether.camp/sale) from when they expect to be collecting money, lets look at the state of the contracts that are described in the white paper. + + + # grep "todo" * + DSTContract.sol: // todo: + DSTContract.sol: // todo: reduce issued tokens from total + DSTContract.sol: // todo: preferedQtySold +=... + DSTContract.sol: // todo: inidicate that this is done once + DSTContract.sol: // todo: check the time since last proposal + DSTContract.sol: // todo: Rise Event + DSTContract.sol: // todo: check that time for voting isn't over + DSTContract.sol: // todo: check that the voted can't vote anymore + DSTContract.sol: // todo: 1. check time + DSTContract.sol: // todo: 3. check already redeemed + DSTContract.sol: // todo: 4. mark the proposal as redeemed + DSTContract.sol: // todo: check there is 1 months since last one + HackerGold.sol: * todo: brief explained + HackerGold.sol: * todo: white paper link + VirtualExchange.sol: /* todo: set address for eventinfo*/ + VirtualExchange.sol: /* ~~~ todo: decimal point of HKG */ + VirtualExchange.sol: // todo: check that hkg is available + VirtualExchange.sol: // todo: check that tokens are available + VirtualExchange.sol: /* todo functions */ + +Lets try compiling what exists. + + VirtualExchange.sol:185:72: Error: Expected token Semicolon got 'RBrace' + modifier onlyOwner() { if (msg.sender != owner) throw; _ } + +~~Nope~~ Looks like this is because it was written in an old version of solidity which new compilers can't use, bit weird. I'll try this with an old compiler later. + +When presented with this, the u/romanmandeleil writes +[the following comment](https://np.reddit.com/r/ethereum/comments/56qs2y/what_is_the_consensus_on_the_legality_of_doing_an/d8lphu3?context=3): + +> You are watching not on the last version , we developing the most popular tools in the smart contracts community , we can compile a contract. Once the system will be ready we will audit it and present it to the community. + +which really causes more questions than it answers. I outright reject the notion that there's two versions being developed, one [on github](https://github.com/ether-camp/virtual-accelerator/) which contains a smattering of small changes, and one in private which will need to be rebased to contain these changes. It's not mentioned anywhere that development is happening in private, at least as far as I can see, and why would this even be happening in the first place? + +[A later comment](https://np.reddit.com/r/ethereum/comments/56rd57/the_hackergold_ethercamp_contract_code_is_of/d8lpq9f) reveals: + +> The hackathon event actually starting 5 weeks from now so we have time to present everything. Most of the crowd salles didn't present 20% of what we do. + +Money is expected to be given to this system, enough that they put a $50M limit on the contract side of things, without seeing the code that will eventually be used, and this is supposed to be obvious to anybody reading? The mind boggles. It will presumably be sent to a normal wallet, where it is at massive risk of being taken with no regards to the original purpose. + + +**** + +The user also appears to be using shill accounts as u/Tadlos, u/Elaynest and u/Claudinest (check their comment history), and [screwed up posting in third person about a change they made in their own repo](https://np.reddit.com/r/ethereum/comments/56k7mp/hkg_value_structure_hackergold/d8k8xe7) as if it wasn't obvious. + +> Looks like they going to have cap, although they didn't announce yet + +Pretty blatant attempt at manipulating people to participate in sale they expect might break a $50M total investment. While other questions got a quick answer, directly confronting the user about the possibility of affiliation between the shill accounts and themselves, radio silence. If you look more into the accounts, you see instances of them [pretending to know nothing about the product](https://np.reddit.com/r/startups/comments/4xt642/ask_startups_virtual_accelerator/d6i6rac) and then moments later [posting updates on the judges being added](https://np.reddit.com/r/Bitcoin/comments/4y54zo/jaan_tallinn_cofounder_of_skype_joins_blockchain/). [Other people have noticed this too](https://np.reddit.com/r/ethtrader/comments/56l7v9/daily_discussion_09oct2016/d8lgxm6), based on the poor english and transparency of the comments. You'll also notice there's only a [couple of people](https://np.reddit.com/r/ethereum/comments/56n6rv/were_happy_to_welcome_prof_simon_schillebeeckx/d8lg8sk) who ever stylize the link as <ether.camp>. + +A month ago, they got rumbled [attempting to manipulate a thread in r/startups](https://np.reddit.com/r/startups/comments/4xt642/ask_startups_virtual_accelerator), where of course both of our accounts u/Tadlos and u/Claudinest make appearances acting as people who have never heard about the project. This sort of behavior is well established being used by fraudsters attempting to dupe a mark into giving up their money. + +** * + +This is seriously dangerous stuff that needs a lot more scrutiny than it's getting. There is some [other mixed commentary](https://np.reddit.com/r/ethereum/comments/56rd57/the_hackergold_ethercamp_contract_code_is_of/), with an older topic over on r/ethereum. + + + +I ask because it seems a ton of people move either from one expensive city to another, or from a lower cost of living area to a higher one. + +I understand for certain tech/corporate/high finance/specialty careers it can definitely be worth it, if you’re raking in the big bucks. Like if someone moved to the Bay Area for a six figure tech consulting job. + +But it also seems like people move to a big city because there’s lots of things to do and see, and in their minds, it’s easier to meet people. + +Those of you who moved to an expensive city, do you actually spend time at all of the attractions/entertainment activities/restaurants? Or are you doing everyday stuff like grabbing coffee or tea, going to the local park, walking the nearby hiking trail, etc, that can be done in even a smaller to mid sized city that’s likely cheaper than where you are at. + +Is the job market significantly better where you are living? + +Do you feel you need to live where you are to meet people/make friends/date/settle down? +I still can’t really believe it. There’s a statistic that says it takes 7 generations to get out of poverty. I hope I’m the last one. And I hope I don’t feel too much like Lip from Shameless. +I make about $150/week as a bartender, and man does that comma look good! Don't really have anyone to share it with so i thought i'd post it here. + +Unfortunately, I'm about to spend most of it to start a small gardening business, and that's a little bit scary, but also really exciting! + +Hopefully I'll see 5 figures in my bank account one day and thanks to all the great advice in this sub that helped me to get to the point in my life where I can actually decide my own future! +There was a recent post asking about how to discuss to people what you do for work. I've seen lots of similar posts on this topic. I really laugh at all the dumb ideas I've seen suggested on reddit for how to spin people around with this topic. + +One comment said to tell them you're in "risk management" and if they ask further tell them you work on "proprietary strategies" and can't discuss it further. And then change the subject... + + +"oh so like where do you work" + +"at home on my computer" + +"okay so like what company?" + +"uhhh... myself" + +"you sit at your computer at home and 'manage risk' for yourself?" + +"uhh... Yes" + +What a stupid idea. Just tell them what you do. A lot of people know what trading is so they're going to figure out how you tried to dress it up as "risk management" + +Also, people talk. + +"hey you know that guy Bob? What does he actually do? He just told me something about," proprietary stuff" but was evasive and didn't want to talk about it. It was kinda weird actually..." + +" LOLOLOL oh Bob? He sits at his computer and gambles his money on the stock market. He told you he was a risk manager?? LMAOOO " + + +What are you going to do? Just say" I can't talk about it" to every basic question like "who is your employer?" + +Guys/gals, people know when you're being disingenuous. They know when you're hiding something. It's obvious. You're not that sly.. + +Here's how I talk to people. And keep in mind I never bring it up. I don't want to talk about it really so I don't talk about my day or ask them what they do. But when they bring it up I tell them like this... + +"what do you do?" + +"I trade futures. You know stocks? It's kind of like that." + +"how does that work?" + +"You've seen charts right? I can buy and sell at certain points and profit off of that movement" + +"oh so do you like make a bunch of money doing that?" + +"I do okay. It's basically like building a business, not a get rich quick thing. But there is a lot of potential and that's why I keep working at it" + +"oh okay that's cool. I'm glad you found something you like" + +I really haven't gotten much flak for this, and when I do I just brush it off or cut them out of my life... + +If they do give you crap, guess what? That's the price you pay for entreneurship. Building a business involves risk and one of the risks is the social risk of people's perception of you. And you can inform them when they ask you questions but if you can tell that they have this preconceived notion that you're a gambler then you just accept it, don't try to change their mind. Let them think what they think and cut them off. + +Yes, I have had dates where I could see a girl's interest visibly leave her face when I told them what I do. So she thought I was a loser or just not financially viable for her... So what? I move on. What were *they* doing with *their* life? Oh she's going to school to cut hair? Lololol 9 times out of 10 they have no room to judge... It's extremely arrogant for anyone to judge you for this so it just proves that they're not worth your time. + +"isn't that like... gambling?" + +"lol some people think that but I don't care. To me it's kind of like playing a mix of poker and chess. 'Gambling' to me implies that there is always a negative expectancy. If you're unskilled then yes it's negative, if you're skilled it is positive and you can make money consistently. It's not easy but there are many consistently profitable poker players and traders." + +OR they already have their mind made up and there's nothing you can do.. + +" bro I don't care what anyone says! The stock market is GAMBLING! I lost money on XYZ stock and.. Blah blah blah my cousin's uncle's best friend made a bunch of money then lost it blah blah" + +"hahaha oh alright.. Anyway.." + + *finishes interaction and never speaks to them again* + +See it's not a huge deal. + +Have confidence in what you do. Be honest with people. Accept that you could fail, but it sure is worth it to YOU that you try. Anyone with a brain can understand this. Everyone else is working jobs they hate anyways. +There has been an inflation crisis since the COVID-19 pandemic started, and it was further fuelled by Russia’s invasion on Ukraine. Greed was also a factor, but it’s harder to get away with it when there is no longer a global disaster you can take advantage of. + +Inflation has been on levels like this before, such as in the 80’s, and that was dealt with by rate hikes, which we are seeing again now. + +Things have definitely gotten more expensive, but in the long term, like a decade from now, will it really matter as much? It seems unlikely inflation will keep going up at a rate like this forever since it would crash the whole system eventually. + +Some people on Reddit say that lives are ruined forever, but if everything stagnates or at least slows down a lot, then I don’t know if it’s that bad. The pandemic is already essentially over, and the war (hopefully) ending could also help things quite well. + +Will this be similar to the 80’s inflation where it eventually returns to normal levels from the rate hikes? (Not necessarily prices of goods going down, but at least stagnating) Will it not mean as much in the long term as it does now? Hopefully giving time for wages to catch up a bit. Usually an annual raise of a few percent each year is decent, it’s only during a time of high inflation like this that it feels low. + +In the grand scheme of history, is this whole worldwide inflation event just a blip, or will it leave damage that keeps getting worse? +1. 90% lose money, you’re more likely to be right if your going against the majority. + +2. Even if your analysis is wrong real traders understand analysis is a small part of the probability/ numbers game that is FX. Risk management / R:R will still bring you a positive equity curve + +3. A traders only concern on is if their strategy is consistently making them money over time. +Hello, I'm 19 years old in Canada and want to buy a property so that I can rent out a part of it and live in the other. I like my privacy so I only feel comfortable in properties that are separate (ex:duplex,etc). My question is what is the best property to buy for beginners, in terms of safety of investment? What I'm looking for is simply to break even on living expenses or needing to pay less than 100$ out of pocket for expenses. PS. I'm not looking to buy soon just looking into it to buy in 1-2 years. +Locked thread I guess due to bad advice. + +I’m in the US and I think it’s around 150k. Give or take. + +I’ll see if I can talk to a CPA about it. I have one for taxes. Thank you for the advice and if this gets unlocked I’ll keep an eye out on new comments. + +Thank you everyone for the sound advice. + +—- + +Long story short, just found out after my dad passed away, that my mom is now sitting on a few hundred thousand in cash. Not millions or anything outrageous. Basically their retirement for low property taxes and food. + +They come from a country that has massive bank issues, so they always kept everything liquid. No I’m not happy. I could have bare minimum had it grow with inflation, if I knew. + +Now my mom is looking for help from me to resolve this, because they haven’t worked in over a decade so it’ll look like they were sitting on cash from some unmarked business or something. + +Is there a solution to this other than reporting it a second time and paying tax on it? + +Thank you. Just trying to figure this out without going nuts. +I wanted to walk through these numbers on what happens to 100K saved in a high-interest savings account in Australia factoring in inflation and taxation on bank interest. + +If you want to find the best interest rates for savings accounts in Australia, the finder website has a page documenting the best rates. Some of these banks have additional qualifications like being under a certain age. + +The best seems to be with Westpac that offers a maximum savings interest rate of 2.5% if you are between 18-29 years old. + +If you fall outside of that age range the next best rate is a maximum savings interest rate of 1.35% offered at Rabobank. + +The current CPI for the last 12 months published on the RBA website is 3%. True inflation in terms of purchasing power for the average family may be higher, but I won’t get into that in this post. + +You are charged your marginal tax rate on interest income earned from having a savings account. So high-income earners are penalised more for saving money in a bank account compared to low-income earners. + +Some banks charge bank fees to account holders which vary by bank. + +Saving 100K with a savings interest rate of 1.35%, with a marginal tax rate of 37%, 3% inflation and $10 p.a. in banking fees ends up with an inflation-adjusted loss of over $2,000. + +&#x200B; + +[ $2,184 Inflation Adjusted Loss on 100K ](https://preview.redd.it/psitltjep8581.png?width=395&format=png&auto=webp&s=605ba65faee0cfe0e672afcd8a898e2bfed565a5) + +Saving 100K with a savings interest rate of 2.5%, with a marginal tax rate of 32.5%, 3% inflation and $0 p.a. in banking fees ends up with an inflation-adjusted loss of over $1,300. + +&#x200B; + +[ $1,363 Inflation Adjusted Loss on 100K ](https://preview.redd.it/luhy37dkp8581.png?width=395&format=png&auto=webp&s=dc9ed2cbd7be09c2d0b76b30f7afef07b59288e8) + +And the numbers just get worse as savings rates drop, banking fees rise and inflation rises. +I made this observation today when I looked up the article. They basically said that Citadel was the #1 Hedge fund betting against GME. They brought up Robinhood and how it was thrown out in court that they colluded with citadel. They also had the tweet from Citadel about the apes being frustrated that he and Vlad had never met. forget the exact wording because I hate that piece of shit (after sleeping on it, I'm better than that. Merry Christmas Kenneth). Thought the change was funny, and obviously someone got yelled at. It was #1, why not bump it to #2 or #3... They changed it to + +## #3: Hound Partners LLC + +This New York-based hedge fund currently manages around $3.2 billion in assets for 13 clients. [The fund has 209,100 put options on GME shares](https://whalewisdom.com/filer/hound-partners-llc#tabholdings_tab_link), which accounts for nearly 2% of the Hound Partners portfolio. + +Since entering its GME position in the first quarter of 2021 -- right after the stock's huge rally -- the fund has liquidated 28,800 put options from its original position (237,900 put options). The hedge fund’s biggest positions are currently Vanguard S&P 500 ETF VOO and Microsoft MSFT, which account for 15% and 7% of the portfolio, respectively. + +## #2. Twin Tree Management LP + +This fund from Dallas, Texas has $3.8 billion of assets under management and started to bet against GameStop stock as recently as Q3 of the current year. [The fund has 253,700 put options](https://whalewisdom.com/filer/twin-tree-management-lp#tabsummary_tab_link) on GME, at a market value of $44.5 million. This figure represents a small portion of less than 1% of Twin Tree’s assets. + +Interesting to note, nearly 20% of the portfolio's AUM are placed on a bet against the SPDR S&P 500 ETF Trust  ([**SPY**](https://www.thestreet.com/quote/spy)) - [Get SPDR S&P 500 ETF Trust Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=SPY) via put options — although the fund also has 7% allocated to SPY calls. + +## #1. Prelude Capital Management LLC + +Based in New York, Prelude Capital currently has nine clients and $8.1 billion in assets under management. The hedge fund has a short-selling bias, and the top three positions in its portfolio are Chesapeake Energy CHK puts (10%), SPDR S&P 500 ETF Trust SPY puts (9%), and Tesla TSLA puts (6%). + +[Prelude Capital has 2% of its portfolio in GameStop puts](https://whalewisdom.com/filer/springbok-capital-management-llc). This accounts for 469,700 put options at a market value north of $82 million. The company has liquidated 308,200 GME put options since it first opened the position in the second quarter of 2019. +This is a weird situation. My father lives in rural SC. He turns 65 in May. He receives ssi. My sisters and I live in Oklahoma. + +He owns the house he lives in. It is rundown and has a tiny piece of land. He constantly has freeloaders living in his house, depending on him to pay for them, and not even helping around the house. He has no car. He doesn't work. He only has internet access in his free government phone. + +He never fills out government forms for Medicare and shit like that. Being so far away, it is hard for us to help. At this point, I am pressuring and begging him to leave SC and move to OK. I have a garage apartment he can live in plus he would have family to help him. + +What would happen to his house if I got him up here and he just abandoned it? The house is worthless. I doubt the land is worth that much either. + +**ETA: I am reading everyone's comments and will answer when I get off work. I didn't expect to have this many responses.** +https://www.wsj.com/articles/u-s-deficit-tops-1-trillion-in-first-11-months-of-fiscal-year-treasury-says-11568311201?mod=mhp + +The U.S. budget gap widened to more than $1 trillion in the first 11 months of the fiscal year, the first time deficits have topped that mark since 2012 + +WASHINGTON—The U.S. budget gap widened to more than $1 trillion in the first 11 months of the fiscal year, the Treasury Department said Thursday, the first time year-to-date deficits have topped that amount in seven years. + +Higher spending on the military, rising interest expenses on government debt and weak revenues early in the fiscal year combined to push the deficit up 19% from October through August, compared with the same period a year earlier. Government spending climbed 7%, to $4.1 trillion, outpacing higher federal tax receipts, which grew 3%, to $3.1 trillion. + +That brought the total deficit to $1.07 trillion so far in fiscal 2019, which started Oct. 1, or 4.4% as a share of gross domestic product. + +The last time the U.S. recorded a budget gap of that magnitude in the first 11 months of the fiscal year was in August 2012, when the deficit totaled $1.16 trillion, a period when the U.S. was still climbing out of a deep recession. Deficits began to decline soon after amid concerns about rising red ink, after Republicans and Democrats agreed to cut spending and let certain tax cuts expire. + +No such agreement is on the horizon now, and forecasters project trillion-dollar annual deficits for decades to come. + +A strong economy typically leads to narrower deficits, as rising household income and corporate profits help boost tax collections, while spending on safety-net programs such as unemployment insurance tends to decline. + +The U.S. economy has been growing for 10 years as of July, the longest economic expansion on record. Yet annual U.S. deficits are on track to exceed $1 trillion starting this year, due in part to the 2017 tax law, which constrained federal revenue collection last year, and a 2018 budget deal that busted spending caps enacted in 2011. + +Senior Treasury officials attributed this year’s higher deficit primarily to a surge in government spending, and emphasized that federal revenues have climbed nearly 7% since May, in large part reflecting a robust economy and low unemployment. Corporate tax revenue in particular has rebounded in recent months, after a period when analysts were unsure why it was running below Congressional Budget Office projections. + +Still, revenue growth has continued to lag the broader economy, and is below where forecasters projected it would be prior to the 2017 tax cuts. + +Federal spending has continued to climb. The Treasury said Thursday spending on the military and interest costs on government debt each rose 9% from October through August, and Medicare expenses increased 10%. + +It’s not yet clear whether the deficit will exceed $1 trillion for the full fiscal year, because the government usually collects more revenue in September than it spends, which could bring the overall figure down. The White House Office of Management and Budget in July projected the deficit would hit $1 trillion by the end of September, while the CBO last month said it expected a total deficit of $960 billion in fiscal 2019. + +Rising deficits have led the Treasury to ramp up borrowing in recent years. The government said it expected to borrow more than $1 trillion for the second year in a row in 2019. Government debt held by the public has risen from $14.4 trillion at the start of the Trump administration, to nearly $17 trillion today, a 19% increase. + +President Trump and Congress have reached a spending deal that avoids a crisis on the debt ceiling but adds significantly to the federal budget deficit. WSJ's Gerald F. Seib explains why the new agreement may focus attention on runaway government spending. Photo: AP (Originally published July 24, 2019) +Markets have responded to the increased issuance with a shrug, and interest rates remain at historic lows amid steady demand from investors. Still, a swelling debt load has increased the government’s debt-servicing costs, one of the fastest-growing parts of the budget. + +Treasury Secretary Steven Mnuchin said Thursday the government was considering financing options that could reduce borrowing costs, including introducing a 50-year bond and lengthening the maturity of Treasury borrowing. + +President Trump, as part of his pressure campaign on Federal Reserve policy makers, argued on Wednesday that further short-term rate cuts would also help lower government borrowing costs. + +Reacting on Twitter to a rate cut by the European Central Bank on Thursday morning, Mr. Trump said of European governments: “They get paid to borrow money, while we are paying interest!” + +Some economists are skeptical that pushing interest rates to zero, as he called for, would lead to lower interest costs on government debt. + +More broadly, annual deficits are projected to more than double as a share of the economy over the coming decades, as a wave of retiring baby boomers pushes up federal spending on retirement and health-care benefits. + +CBO last month increased its expectations for deficits over the next decade after Congress and the White House reached a new two-year budget deal that would boost federal spending more than $300 billion above spending caps enacted in 2011. + +The deal will add roughly $1.7 trillion to deficits between 2020 and 2029, assuming federal spending continues to rise by the rate of inflation beyond 2021. Much of that increase will be offset, however, by lower-than-expected interest rates, which will reduce the cost of servicing the government’s swelling debt by $1.4 trillion over the next decade, the CBO said. +So the fed wants to put more emphasis on full employment and less emphasis on keeping inflation low. + +Are the values of our properties about to go up? + +Thoughts? Also, my local market is super weird right now. Tight inventories and higher than normal prices. + +Edit: Sources for claim re new inflation stance: + +[https://www.forbes.com/sites/rogerhuang/2020/08/28/the-federal-reserve-wants-to-create-more-inflation/#50891e063244](https://www.forbes.com/sites/rogerhuang/2020/08/28/the-federal-reserve-wants-to-create-more-inflation/#50891e063244) + +[https://www.washingtonpost.com/business/2020/08/27/powell-jackson-hole-inflation/](https://www.washingtonpost.com/business/2020/08/27/powell-jackson-hole-inflation/) + +[https://www.marketwatch.com/story/here-are-the-major-changes-to-feds-strategy-to-foster-jobs-and-stable-inflation-11598541283?link=MW\_latest\_news](https://www.marketwatch.com/story/here-are-the-major-changes-to-feds-strategy-to-foster-jobs-and-stable-inflation-11598541283?link=MW_latest_news) +While I trust our developers to write the code which powers Ethereum and the many dapps on top of it, I feel that many are so focused on the day-to-day of the *technology* they develop that they myopically view blockchains as "just" distributed *software programs*, where better functionality can easily challenge entrenched competitors overnight. Many continue to voice fears of competitors displacing Ethereum- perhaps as a call to action, or perhaps because they are legitimately worried. + +**What they may miss is that blockchains represent powerful economic and social communities as well. There are (at least) many hundreds of thousands of people who hold Ethereum, and even more who hold Bitcoin. [Lindy effect](https://en.wikipedia.org/wiki/Lindy_effect) and entrenched [network effect](https://en.wikipedia.org/wiki/Network_effect) are exceptionally powerful for the adoption and survival of blockchain networks.** + +So let's take a look at Bitcoin, which is still the "#1" blockchain by many metrics, including market cap. Here you have a protocol which has basically stopped meaningful L1 innovation. Before I get the Maxis in an uproar: I'm not saying it won't evolve at all, but its L1 scope has been significantly narrowed towards use cases which support the "digital gold" value proposition. Its roadmap has eschewed further advancement in many areas, and is very murky on others (like privacy). And in the face of Ethereum and other networks, it has still persisted as #1 (for now). I don't believe that lead is unassailable though, as they've effectively "thrown in the towel" on many L1 use cases, and I believe the market will reject many L2 / sidechain solutions on Bitcoin- especially when they can get better functionality and security on Ethereum. + +Now let's take a look at Ethereum, which already allows for many valuable use cases today via L1 and many emerging L2 solutions, and has a roadmap to achieving dramatically enhanced functionality with Eth 1.x and Eth 2.0. That functionality is expected to be very competitive with that expected from many of the upcoming Ethereum competitors. These include chains like Dfinity, Polkadot, Cosmos, Filecoin, Telegram, Hashgraph, and others. + +**Here's the paradoxical part of all of this: if all of those competitors launch within about 1 year of the release of Eth 2.0, they will compete with each other more than they will with Ethereum directly. They can't just be better than Ethereum, they have to be better than each other to have any hope of gaining a preponderance of network effect- something that is absolutely critical for a blockchain network to be successful.** + +If the Ethereum roadmap didn't have a good path forward, I might be worried. But personally, I've been very encouraged by the progress in recent months around Eth 2.0, and the focus in developer activity upon it, engaging many teams across the community to create multiple clients. And the model being proposed appears to be more durable and decentralized than that I have seen from any L1 competitor- many of whom make unacceptable compromises to deliver enhanced performance (often through on-chain governance, combined with flawed token distributions with heavy VC and hedge fund involvement). + +**Ethereum's long PoW phase (with well-distributed tokens), unwavering commitment to decentralization (even if things are harder and take longer), and proven track record in adversarial conditions are its biggest assets- and they have encouraged development by more developers than any other blockchain.** That type of advantage can't be lost in a day, a month, or even a year. Nor can it be bought (as many here pointed out when EOS launched), it has to be earned. And often, those things can only be earned with time- something the new wave of Ethereum competitors do not have in abundance. + +No, Ethereum can't rest on it's laurels, and it isn't. The dev community is working incredibly hard to improve Ethereum today, and get us on the road to Eth 1.x and Eth 2.0. And even with the current limitations of the network, [amazing things are being done around important use cases like decentralized / open finance.](https://www.reddit.com/r/ethtrader/comments/au54ae/daily_general_discussion_february_24_2019/eh7u0o7/?context=3) Those decentralized / open finance use cases are perfect examples of dapps which rely upon heavy interoperability and network effect in order to be effective. + +When I see another chain in operation which can decentralize the world better than Ethereum, I promise that you all will be the first to know it. **Until then, it's fairly clear to me that all of these chains will be in an epic battle for second place, as Ethereum continues to be relied upon as the world's digital asset ledger of record- with the largest user and developer base of any robustly programmable blockchain.** +Long time lurker here, I've been seeing quite a few questions regarding the worst financial choices made across Reddit, so thought I'd ask what the best financial decision you've ever made is and why? + + +These could range from good investment opportunities to just sensible planning budget wise. + + +Also any advice on how to follow your good financial decisions would be greatly appreciated! +Hi everyone. I lost my mom last Thursday and I'm having a hard time getting started with her affairs. My siblings and I are my mom's next of kin and they unanimously agreed that I'm the one in charge of her affairs. I'm waiting on her death certificates currently. + +She has $6,000 in savings, but $7,000 in debt under the same bank. +Thousands upon thousands of medical debt, which I plan on telling them they can't collect. Same goes for other credit cards. + +I have her car and need to return it sometime here, but what would happen to the money my mom already put down on her car? + +Everyone is acting like all the possessions inside her [rented] house are free game, but I don't trust it's all that simple. Before we start giving items away or selling furniture, how can I tell whether the state will take them to try and recover debts? + +My mom was working until a few days before her death, then her workplace terminated her employment as soon as they caught wind of hospice care. She may have had a 401k or remaining salary, but how do I find that out? + +Thank you for any help or guidance. I'm really overwhelmed + +Edit: Thank you for all the suggestions and condolences. While I'm still a little confused, I feel like I have an idea where to take my next steps. That's a huge change from when I started the post. +I also want to note that I'm getting chat notifications that started after making this post. Reddit app is trash and I can't open any of those. If those are messages, then the direct messages work best +I was watching a very recent Dave Ramsey video on YouTube where the question was ‘how do I know when I have enough money to retire’? Dave said that if he used the average salary in the US of $60,000 and that 15% of that ($9,000) was saved from age 30 to 70 (40 years), that you would end up with about $8 million. Can anyone help me figure out how he has arrived at the figure of $8 million? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +It's easy to feel like the world revolves around GME when you spend as much time as we all do reading this sub, but keep in mind, we are a very small percentage of people. Everyone will be mindblown when Gamestop crashes the global market. + +Wallstreetbets is compromised, they haven't even mentioned the Gamestop tweets over there. Mainstream media hasn't either. Nobody is even talking about or entertaining the idea of the MOASS except us. This is because it's real. If the shorts did cover the media would have came through and debunked us. Instead we have experts of financial markets doing AMAs. This is real. I know it's hard to beleive but it is. Make sure you diamond hand. + +Have a plan when this happens, maybe consider not telling anyone you were one of the 0.003% who made it big on Gamestop. Put your new found liquid in solid assets you believe in ($GME) or use it as capital to start a business. + +I love you all. It's likely when the MOASS happens this sub will flood just like WSB did. We will need a place to go so we can all keep in touch and share what we do with our tendies. Any proposals from the mods? +Sorry for the title gore. I noticed this on Chase's home page when I went to login today: + +https://www.chase.com/resources/guard-your-id-and-password + +Seems like they don't think these personal finance tools have the proper security measures in place. I stopped using Mint last year, and disconnected all my accounts from Credit Karma, as I couldn't get a complete financial picture using either of them. + +Obligatory Edit: Woah, this blew up quickly. + +I only use Chase for their credit cards, so I think the $0 fraud liability with VISA would protect me no matter what Chase tries to weasel out of. + +Also, thanks for teaching me that my passwords on Chase.com are not secure, since they don't recognize case-sensitivity. +Hi guys, I would appreciate your advice! + +I'm planning to invest a windfall of 300k in Germany. + +My plan is to use a local broker (comdirect) and buy 4000 shares of VWCE in one go. + +Are there any drawbacks I'm not aware of? What is the best course of action - buying offered lots off the market or to manually put my own offer to buy 4000 shares altogether? + +I am aware about the discussion between one-time and DCA purchase. Are there any other reasons that may make it more reasonable to buy in chunks (say, 50k a time) or like a savings plan (\~10k every month)? + +Thanks! +Even if you have a 30 year investing horizon, the Nikkei hasn’t recovered after 30 years. Sure it was in a bubble, but our current stock market may be in a bubble as well. What make you guys so confident that we won’t end up like the Nikkei did? I’m only invested in VWRL by the way +I read that who your parents are and your zip code matter the most when it comes to life expectancy. + +I was wondering, with financial resources, what advice people may have to minimize chance of early death. I know diet, exercise, sleep, social connections all reduce risk of disease. How about car accidents? Suggested car types (I assume modern car with safety features) that one could just spend a more money to reduce risk of accident? + +Any recommended preventative health care habits / options? +Hello! + +Just absolutely buzzing, finally got an offer accepted on a small terrace house yesterday! + +Just thought I would share the good news as you lads have been a guiding force in the last year as I properly pushed my cash in the right direction. + +Cheers, + +Roplato +I have seem number of people holding PNG in their portfolios here. I wanted to ask why is this marine tech company attractive for ppl at this point in time? What are some of the upsides you guys are seeing? +I have been doubling down on high dividend and profitable companies, solely banks and utilities. Are these good buys and somewhat resistant to stagflation? Key word is somewhat, i do not have the expectations that these assets will be immune. Is this approach wrong? +I got a $756 medical bill in the mail for a CT scan and an ER overnight stay. I already have insurance and they covered around $1200 of it. + +I am in ~$3000 worth of credit card debt and the minimum monthly payment that the hospital was asking for was ~$250. This is about the amount I put down on this credit card debt each month. Because of this, it was seriously going to hurt me in how fast I could pay off this debt. + +I had read about calling up the hospital's billing department and negotiating the debt, so I went ahead and gave it a try. The conversation went as such (H = Hospital, M = Me): + +> M: "Hi, I received a bill for $756 in the mail and that seems outrageously high for the services I was provided. The state average for a CT scan is roughly ~$108 versus your charge of $966..." + +>H: "We have never charged $108 for a CT scan. Your bill is itemized for those services correctly. Will you be able to make your payment?" + +>M: "Well, I'm not going to pay this. This is absolutely too high." + +>H: "Well, what can you afford to pay?" + +>M: "Listen, I'll pay 20% of this bill *right now*, if you write off the remaining 80%. + +>H: "Alright, please hold for a moment so I can run this by a few people." + +I waited on hold for about five minutes before they came back on the phone. + +>H: "Hi, so that's acceptable for us. If you agree to pay $151, we will waive the remaining $605. Does that sound good?" + +>M: "That's perfect, thanks!" + +I went ahead and paid over the phone, and checked my online account and the remainder was indeed waived as a "charity adjustment"! + +This does work people, all you need to do is ask. Next time, I might even try 10-15%! +Your bank may be able to offer a forbearance plan if the shutdown continues and impacts your ability to make payments. + +I work at a major servicer; we are already fielding calls from federal employees, flagging the loan as potentially impacted, and we are going to help if the shutdown becomes prolonged *IF* customers ask. + +This is a scenario where we cannot identify an impacted population without input from the customer. If you don't have the funds and you aren't getting paid, you should call and tell them you are potentially impacted. +https://finance.yahoo.com/news/disney-netflix-amazon-hulu-110653607.html + +Disney’s (DIS) new streaming service, Disney+, is set to launch later this November, but it’s already making waves throughout the entertainment industry. With a stellar lineup of proprietary movies and TV shows, not to mention Marvel and Star Wars content on tap, Disney+ has the makings of a surefire success for the entertainment juggernaut + +Of course, Disney+ will have some stiff competition in the current streaming king, Netflix (NFLX), as well as Amazon Prime Video (AMZN) and Hulu. Here’s how the four services stack up. +TD's API is powerful, but actually using it is.... difficult. I created this API to make it as easy as possible. To demonstrate how it use it, here's a complete application that logs in and grabs the past twenty years of price data for Apple, Inc.: + + from tda import auth, client + import httpx + import json + + # Read the documentation (link below) to find out how to get access to the API. + api_key = 'YOUR_API_KEY@AMER.OAUTHAP' + redirect_uri = 'https://your.redirecturi.com' + + token_path = '/path/to/token.pickle' + try: + c = auth.client_from_token_file(token_path, api_key) + except FileNotFoundError: + from selenium import webdriver + with webdriver.Chrome() as driver: + c = auth.client_from_login_flow( + driver, api_key, redirect_uri, token_path) + + r = c.get_price_history('AAPL', + period_type=client.Client.PriceHistory.PeriodType.YEAR, + period=client.Client.PriceHistory.Period.TWENTY_YEARS, + frequency_type=client.Client.PriceHistory.FrequencyType.DAILY, + frequency=client.Client.PriceHistory.Frequency.DAILY) + assert r.status_code == httpx.codes.OK, r.raise_for_status() + print(json.dumps(r.json(), indent=4)) + +You can install it using pip: + + pip install tda-api + +You can also check out the full documentation [here](https://tda-api.readthedocs.io/en/stable/). Hope this is useful! +The answer to all of these cycles may be explicitly stated in the Nov. 3rd Credit Facility Agreement and this sub has ignored this doc on a criminal level (so to speak). + +DOCUMENT: [https://www.sec.gov/Archives/edgar/data/1326380/000132638021000118/a101creditagreementgamestop.htm](https://www.sec.gov/Archives/edgar/data/1326380/000132638021000118/a101creditagreementgamestop.htm) + +Am I the only one who thinks that Ryan Cohen isnt some finance guru who was able to uncover a mystery with no other available data other than what was out in the public and also available to superstonk. + +I highly recommend everyone read the documents because I think it has a lot of info that can 1. dispel FUD/hype dates around when certain things can happen - namely when a dividend may occur, acquiring or merging with companies, and other similar events which the subreddit has a high-interest in. 2. Give us a better understanding of the quarterly cycles. + +What the credit facility agreement shows us is that banks loaned GME money and they hedged these loans with a variety of derivative swaps. Ryan Cohen/GME has to also hand over all of GME's finance + operations data to their lenders on a monthly and quarterly basis so they can reassess the situation and hedge accordingly. You can find the schedule of when Ryan Cohen hands over their data in ARTICLE VII REPORTING AND MONITORING COVENANTS. This may be why he can tweet the night before we moon on cycles. Because that's when GME hands over this data. As to the shit emojis and the market tanking? Well I need the rest of Superstonk to help me. + +Please note though, while the finance reporting schedules + swap schedules may be tied to Ryan Cohen's tweets on the quarterly cycle that we all know of, the Credit Facility also has a trove of data on the covenants that are currently restricting the company from issuing a dividend, making acquisitions, etc, + +One look at this agreement and anyone can tell this is not a 1 person job to start writing DD, but a sub-wide one. I am currently working on one. But please drop a comment if you have questions, happy to answer as much as I can. The biggest questions I am trying to answer are + +**1. When will GME be able to satisfy the restrictive covenants which are preventing it from taking several wanted business actions (such as issuing a crypto dividend). In their most recent 10-Q (Q3 2021) filing, they explicitly stated there are restrictive measures that are making things difficult for their CURRENT and FUTURE operations and the second item on that list was dividends.** + +**2. How does Ryan Cohen know when these quarterly cycles happen very precisely which can be seen by him tweeting out the night before it happens (Feb. 24th, May 25th, and Nov. 21st, and almost precisely in August).** + +&#x200B; + +edit: This is a complicated doc and I by no means have all the answers. Im sorry for the title, but I really hope every member of this sub understands how important this document is to the MOASS saga because it basically turns DTC members into the "parole" officers of GME and controls what GME can do and when. + +edit 2: Please note while the agreement does say that a dividend can be made today, there are restrictions throughout the document that also need to be fulfilled for it to happen. +ANYONE and I mean ANYONE who has seen the level of DD and has watched apes educate themselves sense January(and before) cannot deny this is any way. + +This kind of information is not free ANYWHERE. Hedgefunds, banks and market makers pay MILLIONS to professionals to give them a fraction of the information all of us have provided absolutely free of charge, out of the goodness of one's heart. + +STAND PROUD, AND HODL. + +HOUSE OF CARDS PART 2 & 3 ARE GOING TO BREAK THE INTERNET. + +Remember apes, our mods, Dd writers, professional consultants and even your fellow apes deserve a most righteous thank you, and I personally am proud to be apart of this movement. + +Apes together strong! Buy Hodl Vote! + +Mandatory rocket emoji 🚀 🚀🚀🚀🚀🚀🚀🚀 +[Graph](https://i.imgur.com/NRCJO17.png) + +This is the my fourth year following up on the [2020](https://www.reddit.com/r/financialindependence/comments/konufa/from_10k_to_955k_in_75_years_with_graph/), [2019](https://www.reddit.com/r/financialindependence/comments/e6mdm0/from_10k_to_650k_in_65_years_with_graph/) and [2018](https://www.reddit.com/r/financialindependence/comments/bjghrb/from_10k_to_500k_in_6_years_with_graph/) financial review posts. + +Well, it was another full year with the pandemic rampaging across the globe, but there were some changes. My wife had our second daughter (who is now 3 months old) and our 2.5 year old toddler is now a raging tornado of destruction. That's the last of the planned kids! Spending has increased just a bit, but that's mostly due to extra mortgage payments and hospital bills. This graph starts 6 months after graduating college when I had already accumulated 30k and ends on...well today(ish). + +**This graph is for two people, not just me as of July 2015** + +Since the last updated I've: + +* Had a second daughter +* Gotten a promotion +* Ventured outside again + +Some answers to common questions are below: + +* This spreadsheet was built in google sheets using the stacked area chart type +* Wife and I are both 30 years old, live in Houston, TX and have a 2.5 year old and a 3 month old. We got married in July of 2015. (This graph shows combined finances) +* Total expenses for the first kid were 2k for "stuff" (furniture, car seats, crib, etc.) and 6k total for all birth, epidural, check-ups etc. Daycare is 2.2k a month (for 2 kids total). While this is now a large number, it still doesn't affect our net worth increase much each month and has basically no effect on our overall savings rate at this stage of our FIRE journey. We are not saving separately for the kids college expenses (yet) but will instead just skim some of our investments off if need be. With the addition of a second kid, the initial expenses were zero for "stuff" and 6k for the hospital bill. +* I managed to get 30k by myself after only 6 months out of college by working and saving from my 20hr/week job during college for 4 years and living extremely cheaply during my first year afterwards. +* Real estate is not included on this graph, for reference we currently have around 225k in equity in our home and owe 114k (total value of house is \~340k) . We have a 15 year mortgage at some absurdly low interest rate. We do pay off a little extra month because it makes me feel good. We'll pay it off in around 3 years or so. If you include real estate (equity) we've got about 1.5M! +* We keep a 30k emergency fund in my savings account for....emergencies. +* The dip in the middle of 2015 is when we bought our first house (224k 10% down payment) and then the month after I got married +* The dip in the end of 2018 is when the stock markets dipped a bit and we bought our next new construction house (340K 20% down payment + Equity from our first house) +* Wife and I are both engineers (Electrical and Mechanical respectively) in the oil and gas industry +* Paid off student loans somewhere in 2016, I don't remember when exactly as they were not astronomically high, my wife had loans, I did not. In terms of "family help" my parents gave me 2k to use as a down payment on a car (which I still have) and sent me on my way. My wife had an old car already out of college which we no longer have. +* Our taxable investments are 100% invested in VTSAX with vanguard. +* I record data points for my graph at the end of each month and look at every account I have money in. +* We have no credit card debt and pay it off at the end of every month. +* Wife bought a new car last year but at least it was a good deal and is less than $500/mo I think. +* Salary for me went about as follows with mostly 2 years between major increases (64K starting -> 74K promotion ->97k switch companies-> 115k switch companies -> \[only 1 year\] -> 125k promotion) +* Salary for my wife was (78k starting -> 84k promotion -> 93k promotion), she should be due for another promotion shortly +* Basic investment strategy (max 401k's-> max IRA's -> invest 80% of the rest in vanguard -> pay a bit extra on the mortgage +* Expenses are right around 95k-100k per year. That includes property taxes, mortgage, income taxes, extra mortgage payments, daycare, and everything else outside of investments. +* My end goal is 3MM by 40 years old where I plan to FIRE in style! We are currently well ahead of schedule and will probably have closer to 5MM if the market continue to perform exceptionally well. Right now that'd be the equivalent of \~123k per year using the 4% rule (3MM). By the time we retire our bare minimum expenses should be around \~60 to 70k with health insurance not adjusted for inflation as everything will be paid off. That'll give us a nice cushion for vacations and fun stuff. +Hi, I'm a relatively new investor with only a few holdings. I'm looking to diversify into different sectors with high-quality stocks. What are your picks for the best stocks to hold in each sector? + +1. Consumer staples +2. Consumer discretionary +3. Technology +4. Communications +5. Financials +6. Healthcare +7. Industrials +8. Materials +9. Real estate +10. Energy +11. Utilities +I’m not working due to covid. I’m doing freelance deliveries but it’s been dying down and I don’t get my money until Tuesday. +I’m living check by check, I had been negative a couple of dollars in my bank account and had a credit card payment due. I am extremely anal about not missing a payment. I panicked but scavenged enough of my collected cash tips together to just barely get me out of negative and to pay the minimum due. Then a freaking reoccuring monthly fee I forgot about hit and drained my account back into the negatives and then I got slapped with an overdraft fee and I just woke up to -$70. +I don’t get any form of money until Tuesday. I think I’m going to puke. All of my cards are essentially maxed out trying to get by, I just got accepted into my dream school but I have tuition deposit due in a few days that’s a couple hundred dollars and then semester tuition due in a few weeks, plus textbooks, etc etc I just want to curl into a ball and scream and cry +An affluent middle-aged man rear ended me yesterday. I was stopped at a yield waiting for my opportunity to turn. There isn't a timeline where it wasn't 110% his fault. + +He dicked around with getting me his information. Ended up giving me an invalid insurance card. I don't like getting the police involved- BUT I SHOULD HAVE. He was aggressively begging to not go through insurance. He said my car "isn't worth that much". + +I drove a '95 Ford Explorer I bought for $1500 while I put myself through college. I was embarrassed by that car for 4 years every time I pulled on campus and saw everyone's nice cars in the lot and then there was my absolute shit wagon. In June when I finished my bachelor's degree and started my FT job in my field, I bought myself a 2017 Ford Focus so that I could drive to my new job with dignity. That car is now torn to shit in a body shop for anywhere from 30 days-9 months depending on parts. It "isn't worth that much"- That car was everything to me. + +I drove myself to the ER in shock. Had concussion symptoms within 10 minutes. Was there for over 8 hours. Never got a bed. My "bed" was a chair in the hallway because all of the rooms were full. The ER doc when she finally saw me kept apologizing because even 6 hours later I was still crying from the neck pain. + +I looked him up out of sheer curiosity and saw that he's absolutely loaded. Senior VP investment broker for a commercial real estate firm. + +I have spent all morning shuffling from body shop, rental place, on the phone with police and both insurance companies. Instead of taking the muscle relaxers and resting like I'm supposed to. Worried about my time off work. Telling my husband to stay at work so we're not both fucked missing time. + +I'm exhausted. Half of my stressful morning could have been avoided had I simply told that asshole to stop talking over me and called the police myself. I was trying to be nice. Civil. I spent an hour this morning crying thinking this guy doesn't have valid insurance. + +Don't be civil. Don't be nice. Be smart. What is a minor inconvenience and pennies to this asshole was potentially my entire livelihood and how I get my kids from A to B. +Hey all, I have a strong background in webscraping, data collection, and analysis and wanted to try messing around with applying this skill set to sports betting. If any of you have worked on a similar project, have recommendations for websites with relevant data (with or without an api), any interest in collaborating with me, or just any other recommendations or relevant info. + +&#x200B; + +Edit: please PM me if you would like to be involved in any capacity, I'll add you to a reddit group + +Edit 2: I’ve added everyone to a discord group that has messaged me +🗻🗻 **MARKETING NEWS FROM THE KILIMANJARO TEAM: BSCScan.com ADS!!** 🗻🗻 + +Hikers, starting tomorrow and for the next 7 days, we're launching a HUGE ADVERTISEMENT CAMPAIGN in BSCScan, one of the most visited websites related to Binance Smart Chain.🔥🔥 + +**$KILI banner will appear 330K times during this period. This is extremely important because this ads will only target $KILI potential investors.** 🎯🎯 + +How many times do you go into [https://bscscan.com/](https://bscscan.com/) to check info about your tokens? Now, a $KILI ad may pop up there! + +It's a major step for KILIMANJARO FINANCE to close deals with these major sites, as we hope to keep growing daily and achieve our next steps hiking with you! 🚀🚀🚀 + +&#x200B; + +More info about the token: + +&#x200B; + +**🎟️🎟️ $KILIMANJARO 🎟️🎟️** [Website](https://kilimanjaro.finance/) | [Telegram](https://t.me/kilimanjaro_community) | [Twitter](https://twitter.com/kilimanjarodefi) + +**BSC FULLY DEFLATIONARY LOTTERY TOKEN WITH AGGRESSIVE BURNING STRATEGY** + +[Kilimanjaro Token](https://kilimanjaro.finance/) is an aggressive lottery token that applies a **5% tax to each transaction**. **2.5% is automatically burned** 🔥🔥🔥 and the **other 2.5% goes into the lottery pool.** + +The lottery is **automatically** **triggered every day** by contract and selects **three holders**. If the amount of $KILI tokens that the winner holds surpasses the reward received, they get the full reward. If not, the holder only gets 50% of the reward and the other 50% is burned! + +**Low market cap (\~ 1.7M BUSD)** + +In 10 days since the release, it has **burned 83k tokens** 🔥🔥🔥 taking the **total supply from 1M to 917k.** Each day **$KILI supply gets lower and lower!** + +Also, the lottery has **given away more than 11k USD already! 🤑🤑🤑** + +**🔒🔒 COMPLETELY SECURE 🔒🔒:** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) + +Want to know more? [Join our Telegram](https://t.me/kilimanjaro_community) or[ Visit our Website](https://kilimanjaro.finance/) +I do not have much knowledge in investing and am still learning but I often see people saying that XEQT us a safe long term investment around this subreddit. Why is this? What separates this from other ETFs. Sorry if this is a very basic question but there are so much terminology and jargon that it is quite difficult for me to understand even the basics +I tried to make this post on r/ethtrader, but it was automodded for having non-NP URLs in links to archived Reddit threads. I am just going to link to it instead: + +https://np.reddit.com/r/CryptoCurrency/comments/6qablq/karbon_is_being_pumped_by_thousands_of_fake/ +&#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 + +Some of you may have seen certain posts floating around telling everyone the price needs to stay above $40 etc, it’s FUD. I’m not even going to link them, but first obvious sign it’s FUD, is that it’s basically word for word being reposted by multiple account. Basically the claim is; GME needs to finish above $40 otherwise Melvin can cover their positions as they have puts with $40 strike price. This is incorrect. Puts cannot and are not used to cover shorts, so none of this makes sense. The price can go below $40 and NOTHING changes, so it's not doom and gloom if it goes that low. +#The post throws around the words puts and shorts as if they are interchangeable terms, they are two different things. + +Puts are options, and have an expiration date which you CAN let expire with no costs beyond the amount you originally paid to purchase those contracts (premiums). Example, if the contract expires 02/19/21, you can let it expire at no cost beyond what you have paid to purchase that option. A short means you have a contractual obligation, eg you HAVE to buy the share back at some point to give back to the broker. A put is simply a contract stating you CAN sell a share at X price. +Eg you buy a Put contract with a strike price of $50, you pay a small amount for that contract, then if the price goes down to say $30 you would buy the stock and exercise your put contract so you can sell it at $50 essentially making $20. But if the price doesn't go down lets say it actually goes up to $70 and the expiration date on the contract is the 02/19/21 when that date rolls around you can do nothing, let the contract expire and simply lose the little amount you paid for the contract. + +#SHORT STOCK DOESN'T HAVE AN EXPIRATION DATE + +Hedgefund whales are spreading disinfo saying Friday is make-or-break for $GME. Call options expiring ITM on Friday will drive the price up if levels are maintained, but *may not trigger the short squeeze*.  Or even talking about puts. + +It may be Friday, but it could be next week that we see the real squeeze. + +#DON'T PANIC IF THE SQUEEZE DOESN'T HAPPEN SOON. + +It's not guaranteed to. The only thing that is *guaranteed* mathematically is that the shorts *will have to cover* at *some* point in the future. They are trying to get enough people hooked on the **false expectation** of Friday so that if/when it doesn't happen, enough will sell out of panic/despair. **DON'T BE THAT PERSON.** + +#WE LIKE THE STOCK + +#KEEP HOLDING UNTIL THEY FEEL THE PAIN, WHETHER THAT'S FRIDAY OR NEXT WEEK. EVEN MONTHS. THEY WILL HAVE TO COVER. + +Credit: u/Hamisgoodforyou and u/MCicero +Not financial advice +.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　\*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 + +.　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. + +,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 + +　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　  　　    　　　　　 　　　　　.　　　　　　　　　　　　　.　　　　　　　　　　　　　　　\* 　　   　　　　　 ✦ 　　　　　　　         　        　　　　 　　 　　　　　　　 　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 + +˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　 　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　\* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　\*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. +**Overview:** + +In the past month or so, we have been seeing a rotation from the tech sector to other industries such as finance and energy sectors. I want to see if there is a way to anticipate the rotation and trade accordingly the thetagang way. I got interested in Relative Rotation Graphs ([RRG](https://school.stockcharts.com/doku.php?id=chart_analysis:rrg_charts)) and wanted to make my own charts with stocks/ETFs that I usually follow. + +**Intro:** + +As a quick intro, RRG is a way to visualize stocks’ relative performance over time, displayed as a scatter plot. The x-axis is the JdK RS-Ratio, which measures the strength of the stock relative to a common benchmark, and the y-axis is the JdK RS-momentum, which measures the rate of change of the JdK RS-Ratio. + +* Stocks in the first quadrant (top right) have positive strength and positive momentum, which means they are leading +* Stock in the second quadrant (bottom right) have positive strength but negative momentum, which means they are weakening +* Stocks in the third quadrant (bottom left) have negative strength and negative momentum, which means they are lagging +* Stocks in the fourth quadrant (top left) have negative strength but positive momentum, which means they are improving + +**Industry Trends:** + +The plot below shows each industry’s performance relative to SPY. Each point indicates a trading day and the last arrow indicates the most recent trading day. We see that energy and basic material have been leading for the past few days while finance has started to weaken. Technology and healthcare have been lagging while utilities and consumer cyclical show signs of improvement. + +[Industry Relative Performance Against SPY](https://preview.redd.it/e3e8j3hzsrl61.png?width=1600&format=png&auto=webp&s=a125fc859318097776dcdbb23ae7e1b11e6b2adc) + +I also plot ETFs that I regularly track. ETFs such as XLB, DIA, XLF, and XLE have been leading in the past few weeks while IWM is weakening and may approach the lagging territory soon. ETFs such as QQQ and XBI have been lagging. ETFs such as XLU and XLV have been improving and may approach the leading territory soon. + +[ETF Relative Performance Against SPY](https://preview.redd.it/sv26pbf4trl61.png?width=1600&format=png&auto=webp&s=f4dba86fcff38d13806e67b8ca30da3bb997b445) + +**Trade Strategy:** + +Based on the plot above, my thetagang strategy would be: + +1. STO CSPs or credit put spreads on stocks that are in or entering the first quadrant (leading) +2. BTC CSPs or credit put spreads on stocks that are in or entering the second quadrant (weakening) +3. STO CCs or credit call spreads on stocks that are in or entering the third quadrant (lagging) +4. BTC CCs or credit call spreads on stocks that are in or entering the fourth quadrant (improving) + +I would love to hear your suggestions and thoughts on trading using RRG. + +**TL;DR**: Use RRG to take into account which stocks to collect premiums and don’t get whipped by rotation. +My dad says he wants me to sign for a mortage for our family, since his credit is bad after a foreclosure a few years ago. He says that they will even pay the down payment and monthly payments. I'am scared and don't know what to do. Edit: wow this post blew up, wasn't expecting that... need to turn off notifications +Since the original post was so well received I thought I'd share an update. We recently started giving our older two an allowance of $1/ week. The first week went as you might expect: we went to the grocery store, they found some candy that cost exactly $1, they spent all their money. They did bring it home and split it with the littler two because they "didn't want them to feel left out", but that's just a side bonus. + +&#x200B; + +The real win came a few weeks later. We'd been giving them their allowance but hadn't had an opportunity to take them to the grocery store in a few weeks (we normally shop at restaurant supply shops for cheap bulk foods, not many lower priced things there). When the time did come for the grocery store, I warned each of the bigger girls to make sure they brought their purses. After a few minutes I checked on them and in a moment of absent-minded parenting noticed that they had left most of their money on their shelves. + +&#x200B; + +Me: "Girls, don't forget this money here, you'll want it at the store." + +One of my girls: "No, we talked about it and we decided to leave most of it here so we wouldn't be tempted to spend it. We're only each taking one dollar so we don't feel like the other has more." + +&#x200B; + +I'm not paraphrasing. I was floored, and immediately quoted them in an email to their Dad so he could also jump up and down like I was doing mentally. They are miles ahead of where I was in any of my first two decades; it really is possible to teach prudence guys! + +Edit: adding link to original post +https://www.reddit.com/r/financialindependence/comments/9a299d/early_trick_to_teaching_your_kids_to_save/ +YouTube is a business. Think of all the financial gurus on there that tell you a bunch of crap and only a few of them are honest about YouTube being their main source of income. + +These new channels rising up over GME and others stocks are in it for building up an audience quickly and to get more views. You should not put your faith and trust in them nor watch what they do during the MOASS. They also can be bought. This is what Cramer's career on Television is. This is what they do. + + +Edit: Obviously **not everyone** on YouTube is this way. I'm just saying be careful and don't trust blindly just because someone says things you want to hear. + +Edit2:. Oh shit Warden Elite.... Lmao just got his AdSense and that's all he was wanting +After some issues with the code, that pumped the gas fees to infinity, the project had to take drastic steps to turn this boat around, and boy did they turn it around. +🚣‍♀️📈🚢 + +LOT version two with an updated code PLUS SUCCESSFULL AUDIT with Solidity finance is just about to get dropped and it attracts not only old investors and new ones alike, it is a reassurance to the awesome community that was build around the simple but ingenious tokenomics of this Coin +🔭🌚🚀🌠 + +Every Wallet is an entry to an everlasting lottery, you just have to hold at least 25 of LOT in your wallet and you are in. This number is dynamic and can be changed by devs to counter volatility. + +LOT version one‘s ath was $2.8 and we will get back there in an instant. So take a seat💺 and soar through the sky with us.✈✈✈ + +This coin is the OG Lotteryproject on BSC, everything else is but a copy of it and an unsuccessful one at that. The short amount of time that LOT was in redesign brought forth an entertaining bunch of projects (LOTTOAUTO we are looking at you) and all had one thing in common, the allure for the little man was missing, they would have ended becoming a whales game, just like Ethereums Lottery, and thus they failed right after reception… + +But LOT, like the phoenix out of the ashes rises empor to claim back its throne. And you guys can be a part of it. Just don‘t fall for a fake LOTV2 presale, that is listed on DXSALE and a fake pancake contract. (If you were put into a group that is called „LOTv2 Community“ get the fuck out immediately and flag those fuckers.) In the end those things can‘t stop this project and are truly flattering signs of success, just please don‘t fall for it. The correct contract is pinned at the bottom. + +Alright back to the money shitting elephant at hand. Cause that is what this coin is, the purest form of democracy in monetary form. Every wallet has the same chances, again1 wallet + $30 of LOT = 1 ticket, sure you can make multiple wallets to get more tickets, no problem with that. But be aware young goomba, that you will fill up the pot with every tx you do. + +And this is where things get interesting, every transaction of LOT has an automatic tax of 6% applied to it: + +🛸2% go to holders (So yeah, having all in one wallet has benefits) + + +🛸2% get burned + + +🛸2% go to the pot, that fills up till it bursts when +it reaches 0.1% of circ supply and one lucky little fucker gets it all. This mechanic is giving me wet dreams btw, how can you not be on the verge of going all in right now... + +Bare with me, some more story time. +The system had prevailed till one fateful night a failure in the code occured that made it impossible to buy/sell which became the now infamous „Blockrug“ (Inspiration for a soon to be purchasable NFT). The devs were forced to make a snapshot and take the coin of the grid and reinvest every second they have to redo the code till it was fool proof. + +Regarding people that are still holding LOTv1, if you held more than 25 coins at the time of the snapshot on the 9th of April 9 pm utc the new LOT token will just get dropped in your wallet. Every holder with 25 or less has to fill out a form that is available in the Telegram group or through the 24/7 working burnout ridden devs. + +(The devs just now finished one of the craziest feats on BSC, they did the Airdrop whilst doing a presale for old holders manually! Like for real, they did this shit by hand and send everyone their respective tokens. BSC, you finally got some heroes to show case!) + +The new Token price will launch at approximately $1.5-$1.7. + +Alright here are some specs for you tinkerers: + +🎲Circ supply: 1,250,00 (105,000 initial burn to        🎲match the swap, so 1.145m will remain) + + +🎲This low circ supply will catapult this through the stratosphere. + + +🎲Market cap at release: Approximately 2m + + +🎲CMC and CG applications are done, so in about 1 🎲million years LOT might get listed. + + +Links: + + + +Website: www.lotterytoken.net + +Audit: https://solidity.finance/audits/Lottery/ + +Liq lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC + +Reddit: www.reddit.com/r/lottery_token?utm_medi + +Telegram: https://t.me/lotterytokenchat + +Discord: https://discord.gg/WBKDXCVKbS + +Twitter: https://mobile.twitter.com/lottery_token + +Graph: https://poocoin.app/tokens/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Contract: https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +BUY HERE RIGHT NOW! + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Tldr: If you are bummed by getting rekd the whole time on BSC and you lose faith in new projects, look no further, this one here can reestablish lost trust. The Devs did something no other team on BSC did so far when times got rough, they stayed, and they indulged into the community. They sweat blood and grinded their brain cells to overload. For the Project, for the community, for crypto. +We have just enough people to get our planned artwork out there *and* defend it. + +Anything more and it would be weird. Our mantra is buy, hold, DRS. It boils down to 99% of the time doing nothing. I'm proud to have only 5% of the sub defending our work on Place. It shows how powerful we are even when 95% of the sub does nothing, with a financial plan that leverages that 95% in buy, hold, DRS. Even a minuscule amount of us half ass paying attention can repel a major twitch attack. + +I'm so proud of this sub right now. +Let me start by saying that I know next to nothing about semiconductors other than that the supply shortage is so bad that there's actually a [Wikipedia](https://en.wikipedia.org/wiki/2020%E2%80%932022_global_chip_shortage) article on it and that the share price returns for the well-known players in the industry have been extremely impressive. + +I wanted to own a piece of the industry but didn't want to overpay for an individual stock since, like I said, I know next to nothing about semiconductors and don't want to bet on the wrong horse. It seems like every other day there's a new post about how Intel is a screaming buy because it's trading at 10x PE and 7x EV/EBITDA but the comments on those posts are always filled with other Redditors talking about how Intel will lose the chip race and eventually die. I couldn't confirm nor deny those comments since, again, I know next to nothing about semiconductors from a technical perspective. Still, and for that reason, buying one of the big names at the below multiples didn't sit right with me. + +Ticker | LTM PE | LTV EV/EBITDA +:--|:--:|:--: +TSM | 27.8 | 15.0 +QCOM | 19.9 | 14.6 +NVDA | 72.3 | 56.8 +AVGO | 22.8 | 17.5 +AMD | 50.0 | 37.1 + +I was eyeing some of the semiconductor ETF's and was happy that their expense ratios are generally low, but as Invesco points out on their [Invesco Dynamic Semiconductors ETF](https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PSI) overview page, their fund's PE ratio is still 25.9. + +Back to the supply shortage - as the Wikipedia article linked above points out, the shortage "affect(s) more than 169 industries and has led to major price increases, shortages and queues amongst consumers for cars, graphics cards, video game consoles, computers, and other products that require semiconductors." With the supply shortage predicted by some industry experts to continue as long as into 2024, governments and companies around the world are racing to solve the problem. Among other industry tailwinds: + +* In [May 2020](https://pr.tsmc.com/english/news/2033) TSMC announced a $12 billion plan to build and operate a semiconductor fab in Arizona +* In [March 2021](https://www.businesswire.com/news/home/20210323006103/en/Intel-Announces-Major-Expansion-in-Arizona) Intel announced a $20 billion investment into the expansion of the company’s semiconductor manufacturing capacity in Arizona +* In [March 2021](https://www.reuters.com/article/us-tsmc-investment-plan-idUSKBN2BO3ZJ) TSMC announced plans to invest $100 billion over the next three years to increase capacity at its plants +* In [June 2021](https://www.semiconductors.org/senate-passage-of-usica-marks-major-step-toward-enacting-needed-semiconductor-investments/), the US Senate passed the bipartisan United States Innovation and Competition Act (USICA) which includes $52 billion in federal investments for the domestic semiconductor research, design, and manufacturing provisions in the CHIPS for America Act +* Further, in [June 2021](https://www.semiconductors.org/sia-applauds-senate-introduction-of-fabs-act/), the bipartisan Facilitating American-Built Semiconductors (FABS) Act was introduced in the US Senate which would establish an investment tax credit to incentivize greater semiconductor manufacturing in the United States +* In [December 2021](https://www.reuters.com/world/china/india-unveils-10-bln-plan-woo-semiconductor-display-makers-2021-12-15/), India approved a $10 billion incentive plan to attract semiconductor and display manufacturers under which the Indian government will extend fiscal support of up to 50% of a project's cost to eligible display and semiconductor fabricators + +Long story short, there's **a lot** of money being thrown at building out semiconductor manufacturing capacity, with some analysts calling it the next ["space race of our time."](https://www.allaboutcircuits.com/news/space-race-our-time-eu-follows-us-chinas-dash-domestic-chips/) + +After some research I found Cohu (COHU). COHU describes themselves as a *leading supplier of semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors and thermal subsystems, and semiconductor automated test equipment used by global semiconductor and electronics manufacturers and test subcontractors.* If you're someone like me who knows little about semiconductors technically, this probably reads like a foreign language. Translation: COHU is a manufacturer of the handling and testing equipment used in the production of semiconductors. COHU generates revenue from the initial sale and installation of their equipment as well as the ongoing maintenance of that equipment, including the selling of spare parts and kits. As COHU tells it: + +*Our revenue from capital equipment products is driven by the capital expenditure budgets and spending patterns of our customers, who often abruptly delay or accelerate purchases in reaction to variations in their business. The level of capital expenditures by these companies depends on the current and anticipated market demand for semiconductor devices and the products that incorporate them. Our consumable products are driven by the number of semiconductor devices that are tested and by the continuous introduction of new products and new technologies by our customers. As a result, our consumable products provide a more stable recurring source of revenue and generally do not have the same degree of cyclicality as our capital equipment products.* + +As we all know by now, the entire world is racing to increase *capital expenditure budgets and spending* in semiconductor manufacturing capacity and that the *current and anticipated market demand for semiconductor devices and the products that incorporate them* seems to dwarf the existing supply. As hundreds of billions of dollars gets invested into building out semiconductor manufacturing capacity, COHU will be the beneficiary of all that spending as they provide, install, and maintain the equipment used in all those new and expanding factories. + +Several years from now, once the massive expansion in semiconductor manufacturing cools off, COHU will still be there generating more and more revenue through their (higher margin) consumable products and service segments, maintaining and supplying spare parts to the testing and handling equipment they installed during the semiconductor manufacturing *space race*. + +Like I said, I don't want to pick a horse in the semiconductor space race, but still want to ride the tail winds (and gains). In my opinion, COHU is the perfect horse to bet on as they **directly and immediately** benefit from the massive amount of money being invested into the industry without being as susceptible to the competitive "space race" dynamics as the chip makers are since they're only a service provider to the industry. For example, COHU R&D as a % of sales averaged 10-14% over the last 3 years vs: + +INTC = 17-19% +QCOM = 21-28% +NVDA = 20-26% +AVGO = 18-21% +AMD = 20-23% + +TSM is the only one with lower R&D as % of sales averaging only 8-9%. + +Best of all, COHU is growing rapidly and profitably while returning money to shareholders and improving their balance sheet while still looking undervalued relative to its historical valuation and the valuations of the broader industry. + +Based on Q3 2021 TTM financials and its current price of $35.92 ($ millions): + +* 2 year revenue CAGR of 21.2% to $899 from $611 +* 2 year 856 bps improvement in gross margins to 44.0% from 35.5% +* 2 year 1,228 bps improvement in adjusted EBITDA margins to 22.2% from 10.0% +* 2 year 1,089 bps improvement in adjusted net income margins to 12.0% from 1.2% +* 2 year 999 bps improvement in free cash flow margins to 8.7% from (1.3%) + +Capex is extremely low at 1.5% of TTM sales and they had a net cash position of $245 (vs net debt position of $213 at Q3 2019) + +Net working capital (AR + Inventory - AP) is extremely healthy at $271 (vs $212 in Q3 2019 - only a 13.1% 2 year CAGR despite the 21.2% increase in sales, showing more efficient balance sheet utilization) + +On October 28, 2021, COHU announced a $70 million share repurchase program and on December 15, 2021, COHU announced an upward revision of their mid-term financial model's sales and profitability metrics, guiding to $1 billion in sales with 49% gross margins, 25% EBITDA margins, and $4.00 EPS + +COHU currently trades at 7.7x EV/EBITDA, 19.6x EV/FCF, and 16.4x PE compared to its 4 year historical average of 13.7x EV/EBITDA (EV/FCF and PE aren't so helpful because they had negative FCF and E during these periods). Compare these valuation multiples to those of the chip makers above... + +**TLDR: COHU is a seemingly undervalued player which stands to benefit greatly from the ongoing, massive investment into the semiconductor industry without the risks of investing in individual chipmakers** + +**This isn't financial advice. Like I said, I don't know anything about semiconductors. I just own 3,886 shares at a $32.85 cost basis.** +Having recently read the Carlisle "The Acquirer’s Multiple” , he does a good job of differentiating his view from that of early Buffet, modern Buffet and from Greenblatt. + +So to me it seems that there are **at least four flavors** of value investing(maybe more?), and that it would maybe be helpful to define these terms more clearly. + +What follows is based on my understating of Carlisle's book: + +1. **"deep value" turnaround cases(early Buffet)** \- buying under-performing companies which may have market caps below their book value or cash value, and then waiting for the company to turn itself around. If necessary, buy a controlling stake and turn the company around yourself. This was the approach of early Buffet, and obviously it may not be easy to replicate for small investors unless you can piggyback on a turnaround that others are instigating. +2. **"great companies with moats"(modern Buffet)** \- this is the modern Buffett approach. not very many companies have moats, but those that do you can in principle buy-and-hold indefinitely. For such companies you might need to pay a little bit more than for "deep value", so look for prices that are "fair" rather than downright under-valued. +3. **"reasonably priced growth"(Greenblatt):** this is more in line with Greenblatt, "the little book that beats the market". Here, you do not really look for moats, but just look for companies that have low price *relative* to how efficiently they make use of their capital, for instance by jointly looking for low PE relative to ROIC. (I think Peter Lynch also probably fits here, although he may have used other metrics to find growth+relative value ) +4. **"mean-reversion deep value"(Carlisle):** Since every non-moat company has growth-and-decline cycles because of changes in competition(growth draws in competition, decline causes competition to wane), it is better to look for the deepest value cases and wait for these to revert to the mean, rather than get in late in companies that are approaching the end of their growth spurts. Carlisle does not propose buying just any under-performing stock, he proposes using EBIT/EV to screen for companies that have a low market cap relatively to their EBIT and debt. + +So I guess for people that are just getting in to value investing, you probably need to figure out *what type of value investing you want to target*. Maybe there are even more types than these four, as well. + +I wonder if sometimes misunderstandings arise because we come at the concept of "value" from different angles. + +* For example: If someone asks for a good value stock, some might say Intel based on mean-reversion, while others might argue that Google has a great moat and is reasonable relative to its growth even though PE is 28. +* If someone ask "should I sell stock XYZ", the would also depend, a moat-type company would only be sold if the moat is evaporating, but a mean-revision investor would answer to sell if a company may be approaching the end of its business cycle. +Nike : + +Mkt. cap = $217 Billion + +Revenue = $37.4 Billion (2019) + + + +Under armour : + +Mkt. cap = $10 Billion + +Revenue = $5.3 Billion (2019) + + + + +Can someone explain this? +Cheers guys. + +Edit : For all the people getting frustrated, I’m still learning. I hope this is a place where stupid questions are welcomed and well answered to allow my knowledge to develop. +Curious about FatFIRE fam's dynamics. Whether you think one of you should be the home keeper or more into 'power couple' dynamic? Whether you wouldn't be attracted to your partner if they weren't as ambitious etc? +I am sure covid caused many people to foreclose but we are seeing even less foreclosure than we did prior to covid + +Forebearance ended a few months back yet not many foreclosures + +&#x200B; + +why is that? +So idk what I was listening to but it said “use DuckDuckGo” if you’re having problems with google search so I did it and guess what there are a bunch of articles from independent journalists talking about gme and how Reddit users are still holding. Turns out from what I can tell google is being shady as shit and filtering out results. This is just my personal opinion check it out for yourselves of course. + +Edit: I searched gme short squeeze I was just surprised that anything positive showed up because when I check google for the last few weeks it’s all negative basically calling us bag holders and which new three stocks will make me rich I just want an unbiased search I can figure out which articles to read and what’s trash on my own right? + +Edit 2: I am not saying google is specifically against GME I am saying if you want ALL the articles about GME and not just the crap being pushed by MSM and paid for by HF then use a different search engine +# Florida Man Token! + +**MASSIVE $30,000 marketing campaign just days away!!!** + +**Season 1 NFTs (2500) almost sold out!** + +**Season 2 NFTs about to drop!** + +**Over $86,000 in rewards sent over the past 4 weeks to NFT holders!!** + +​ + +FloridaMan Token has been growing rapidly, and the community is loving us! Grab yourself a Natty Ice, unzip those jorts, and slick back that sweaty mullet because you’re in for one hell of a ride (mustaches sold separately). + +Featuring a hilarious NFT collection and unique MASSIVE rewards for holding certain cards, the U.S. based Florida Man project is delivered by a team of 100% doxxed developers, and their full-time graphic artist is constantly adding new characters. Full audit (high Score) and KYC Certificate for the whole team. LP is locked for a year! + +​ + +This project is run from a registered U.S. corporation (**WenMoon, LLC**) and is 1000% SAFU. The team has proven themselves over the past 2 months, and have delivered on every single promise and more. + +2 full-time developers, 1 full-time front-end developer, 2 full time artists, and marketing gurus with lots of prior projects under their belts. + +MAJOR influencers are lined up and ready to go once our v2 ecosystem and new site are live within DAYS - and they’re spending over $30,000 on marketing this round!!! + +​ + +🌴 HUGE new marketing moves incoming!! + +🌴 Super Stoked and Trashy Telegram Group. + +🌴 Healthy Chart with Ample LP and Solid Floors. + +🌴 China & Arab Groups Growing. + +🌴 Wide Neck, Daddy Long Neck & Others on-board. + +🌴 MASSIVE Facebook & Insta ad campaigns ready. + +🌴 (2) Full-time artists working round-the-clock. + +🌴 Twitter and Instagram trending DAILY + +🌴 CoinGecko/CoinMarketCap Most Visited lined up. + +🌴 Regular Video AMAs + +# Some NFT Highlights: + +🐊 Boxed sets of character cards, each of these dirtbags having different levels/rarities. + +🐊 Collecting an entire set unlocks crazy WEEKLY rewards for LIFE! + +🐊 Holding any NFT Card above a “Level 2” gives supercharged reflections! (5s paying the most) + +🐊 Aside from the sets, we also MintDrop super rare cards, which you can buy/sell/trade on marketplaces that we partner with. + +🐊 NFT holders will be entered into our permanent weekly giveaway contests, where they will be broadcast on our livestream channel. Prizes range from BNB , $FMAN , and real-life tangible goods. + +🐊 NFT farming will commence in phase III, and will start developing our online game which will reward holders in $FMAN! It’s underway now. + +​ + +*To learn more about FloridaMan, visit the website, read the whitepaper, and join the Telegram group! You’re guaranteed to feel those Creepy Uncle Duane vibes (in a good way)!* + +​ + +Website:[ https://floridamantoken.com/](https://floridamantoken.com/) + +Telegram:[ https://t.me/FMANTOKEN](https://t.me/FMANTOKEN) + +​ + +# TL;DR + +🚀10% Buy Tax/12% Sell Tax + +🚀KYC Certificate for Whole Team + +🚀Full Comprehensive Audit Complete + +🚀100% Doxxed team, U.S. based project + +🚀An ACTUAL U.S S-Corp (WenMoon, LLC) + +🚀WEEKLY Livestreamed Giveaways for holders + +🚀Game development + +🚀All-star team with tons of experience + + +44M, married, no kids, no debt, unemployed, renting apartment, two paid-off cars, no 401k, no IRA, received $500k cash windfall. wife makes \~$65k/yr gross. + +I was taking care of a my mom for the past year and a half. She passed and left me with an inheritance of over $500k. One of the first things I did was pay off our new car, which my wife had been making payments on. So we have no debt, but I'm not yet employed and have no retirement investments like 401k, IRA, or owning a home. + +I've been learning a bit about investing, but it's new for me, so I'll be seeking a consultation with a fee-only fiduciary. I had one meeting with a commission-based advisor, who suggested an income portfolio for me. It sounded like a pretty nice idea to have monthly income from a portfolio, but I didn't dive in with a large investment because I've repeatedly read about the importance of a fee-only fiduciary. I did spontaneously put $80k in a 9-month CD at 2.5% APY, which maybe was dumb; I consider it an emergency fund. I still have about $420k just sitting in a savings account that is ready to be invested, and I don't think I'll need to draw from it for at least couple months, while unemployed and drawing from my checking account ($10k). + +I don't want to rush back to employment, but do some light traveling like camping and road trips, pursue my low cost hobbies and art, and manage our household (chores). We're talking about having children, so I may end up as a stay-at-home dad for a while before returning to work. Our dream would be to raise our kids in a home that has a yard (for our dog), but such a family home in our area is $700k - $1m these days, so I don't know if that's feasible. + +For retirement, I'll eventually receive inheritance from my dad in the future, who has over $400k in savings that he's unlikely to ever need, want, or even know what to do with. I might help him invest it as part of managing an early inheritance. + +Now some of my questions: + +1. Does an "income portfolio" sound appropriate for my current situation? +2. What kind of considerations should I make when balancing income, growth, risk? +3. What questions should I ask a fee-only advisor? +4. Are investment apps like M1 Finance and Dizraptor secure? +5. Are index funds only for growth, or can they be for income? + +Thanks in advance for answering any of those! +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 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) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +I know this is FATFire, but I’m curious about +those of you with very low annual withdrawal rates. Those who mathematically can spend much more per year but just don’t. + +Anyone retired and under 1% annual withdraw? Under .5%? If so, I’d love to learn about the things you enjoy in life day to day and if you have any regrets about the time spent accumulating so much before shifting gears. + +I ask this question because I see countless posts where community members are safely at their goal with 4% SWR and choose to keep working to get to 3% or 2% or whatever. + +It’ll be helpful for those folks (me included) to hear from your experience. + +Edit: Thanks for the gold! +His old posts may have had more to decode but his new posts are just reactions and hype. He does not have inside information, if he thinks something is happening it's based on his own DD. It's all entertaining but no secrets anymore. + +And for the love of God stop spamming "OMG DFV TWEET". I know you know it's been posted already and you are just looking for karma. + +This is no way a criticism of DFV. He's got more intelligence and balls than I'll ever have, but he's human too. +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +SIS Limited is one of the largest company in security, facility management and cash logistics services in Asia-Pacific. The company is the largest security solutions provider in India and Australia and is amongst the top 3 in New Zealand and Singapore. + +The company derives almost 50 percent of the revenue from overseas markets. The company has over 2,30,000 employees across the world. Along with providing physical security the company also provides command and control services, Closed-circuit television monitoring and entry automation. + +The company also deals in facility management i.e. housekeeping services, janitorial support, integrated facility management, HVAC maintenance and pest control. + +Indian Security Industry - The Indian Security industry has been projected to grow at a CAGR of 14.3% from Rs. 806 Billion in FY19 to reach Rs. 1,574 Billion in FY24 (Source: Freedonia Report on India Security Solutions and Facility Management, March 2020). Security services is a relatively stable segment, and is very unlikely to be disrupted heavily. The industry was classified as an essential service provider by the Ministry of Home Affairs during the national lockdown in 2020 due to the ongoing COVID-19 pandemic which also signifies it’s importance to the economy. + +SIS derives 38% from its Security Solutions in India business. Despite being the market leader in India, the company only has around a 4% market share of the overall Security Services in India which shows the massive potential for the company to gain market share. This is partly because over 65% of market share is still in the unorganized sector(from 70% in FY 2019). The shift to unorganized to organized sector is due to focus on compliance after the implementation of the Goods and Services Tax, stricter enforcement of minimum wage bill, and the Private Security Agency Regulation Act and the recently passed Labour Reforms bills which are likely to benefit SIS India over the medium term. + +The market consists of over 20,000 small to medium sized unorganized players and around 10 national players. Below are the largest players in the Indian Security space. The data shown below is from the prospectus and the numbers are a bit older however SIS is now the largest player in the Security Space with India revenues over Rs. 35200 million. + + +Further the industry is well diversified across sectors which prevents it from getting impacted from a downturn in one of the industry. Below is the sales mix for SIS Limited across sectors in India which showcases the diversified nature of business. + + +International Security Markets - SIS primarily operates in Australia, New Zealand and Singapore. + +Australia is a key market for the company, the company is a market leader in Australia with a 21% market share (CRISIL). The company has acquired the remaining 49% of Southern Cross protection(SXP) which is in the mobile patrol business in the previous year thus expanding and deepening their footprint in Australia. The Australian security market is expected to grow at 5%. + +The company has entered the Singapore and New Zealand Markets via Henderson Security Solutions (SIS owns 60% stake) and Platform 4 group (SIS owns 51% stake). The company is amongst the top 3 players in both the geographies. + +The international security market is a bit less diversified with Government (35%), Defence (12%), Commercial (10%) and mining (10%) being the key segments for revenue in FY 2021. Government was slightly higher due to one-off government contracts in the previous year due to Covid. + +SIS derives around 50% of revenue from its overseas operations (Australia, New Zealand and Singapore) + +Facility Management - + +The industry is forecast to grow from Rs. 1,055 Billion in FY19 to Rs. 2,328 Billion in FY24, at 17% CAGR. The market size includes housekeeping solutions, technical/hard facility management, pest control, landscaping, catering, and even solutions provided by OEM vendors under the service contracts. While this segment was impacted by the covid, the long term structural story seems intact for this industry as a whole. + +Of the total industry - 62% of total market comes from cleaning services and 10% comes from pest control accounts. The balance comes from the other industries. + +The company is the second largest facility management services company in India. IT (25%), Pharma (19%), Commercial offices (23%) and manufacturing (10%) contribute over 77% of the total facility management for SIS. + +The company also is the second largest company in the cash logistics segment in India. + +The facility management contributes around 12% of total revenue of SIS. + +Key strengths for SIS Limited + +Mergers and Acquisitions - The company has a terrific track record of mergers and acquisitions. The acquisition strategy is to gather/ consolidate market share by adding (new geographies or existing geographies) or add new capabilities (entry into healthcare/ pest-control etc.) + +The company acquired Dusters Total Solutions Services Pvt Ltd’s whose revenue grew at a CAGR to 23% during FY17-FY19 compared to 11% pre-acquisition (FY13-FY16) and EBITDA grew at a CAGR of 58% compared to a CAGR of 33% pre-acquisition. Southern Cross Protection Private Limited was another acquisition where post acquisition growth was higher than pre-acquisition growth. + +The New Zealand business has grown 5x since the JV with Platform 4. + +Unorganized to Organized shift - The Indian security market is largely unorganized (60% market share) and the shift to unorganized to organized is gradually happening due to increasing economic activity and GDP growth leading to need for improved security, growth in wages, increased threat from anti-social elements and terrorist outfits, societal perception on threats and awareness on security, asset creation –real estate and infrastructure growth, and premiumization and hybrid solutions. + +Despite being the largest player in India, SIS still only has a 5% market share compared to 15-20% in more advanced economies. + +India also has the lower per capita security expenditure almost 6x lower than other emerging market countries like Turkey and South Africa. + + +Track Record - The company has a terrific track record with revenues growing at a 5 19% CAGR over the last 5 years despite the covid year. The company has also maintained a ROE of over 20%. While growth in Australia is expected to be slower at around 5% , the Australian entity generates terrific free cash-flows and has a higher return on equity of over 40% which provides a good balance to the Indian unit which is expected to grow much faster. While growth is still expected to come from Indian Security and Facility management business, a presence in the more developed economies provides stability and also gives an edge in terms of technology to the company. + +Networking Benefits & New Age business - + +The company across Security and Facility management have identified that almost 90% of their clients are engaged into service contracts with the company for only 1 service. The opportunity for cross-selling is high and this can leads to networking benefits playing out for the company. + +The company has entered into alarm monitoring system and other I.T. based security which has grown very reasonably. This also showcases company’s capabilities in technology and a vision for the future. The market for security and automation solutions is very huge as evidenced by Apollo Private Equity’s buyout of ADT for almost 7 billion USD in 2016. . + +Key Risks - + +Acquisition costs - The company has to acquire Southern Cross Protection and Henderson Security much earlier than expected as the promoters of the companies enforced their right to cash out early. The acquisition of Southern Cross Protection resulted in a cash flow outflow of over 203 crores, similarly Henderson Security has also enforced the same which will result in a cash outflow of around 230 crores in the near future. While the company expects almost 85% of growth to come organically and inorganic investments are unlikely to happen in the near future, the fact that the company may need to dish out high sums of cash -flow can put a possible dent in the financial performance of the company. + +Lower Growth trajectory of the overseas subsidiaries - The Australian company is not a very high growth company with the expected growth rate to be in the range of 5%, last year’s growth of over 20% was an anomaly due to government contracts due to covid and the same will be seen in the current year’s financials. + +There has been a management change in Henderson Security (Singapore) and the business has not done very well during the Covid times and the earlier management has moved out after their cash out and SIS has appointed new management to takeover the business. There still lies a bit of uncertainty of how quickly the company can restart growth in the Singapore markets which can provide a drag on financials especially as the company has been acquired at relatively high valuations. + +Conclusion / Disclosure - SIS is the only security related business listed in India with a terrific track record by the management. As per the latest data, the security business in India is operating at pre-covid levels and facility management is operating almost at around a 95%. In the absence of a third wave, the company can restart it’s growth trajectory from Q2. + +As per vision 2025, the company expects to double market share in 4 years while maintaining over 20% ROCE, signaling a potential growth of around 19%. While growth expectations can be taken with a pinch of salt, the stock still trades at a relatively valuation of around 18 PE, when compared to other staffing peers. + +Disclosure - I currently do not own SIS, however it is in my watchlist. +**Companies MFs love the most.** + +This is computed as the weighted average of the AUM allocation for the company for the mutual funds that hold it. + +1. HDFC Bank (6.21%) +2. ICICI Bank (5.26%) +3. Infosys (4.85%) +4. Reliance (4.84%) +5. SBI (3.92%) +6. HDFC (3.76%) +7. ITC (3.58%) +8. LT (3.44%) +9. Axis Bank (3.16%) +10. TTK Prestige (3.13%) + +**Companies MFs bought the most.** + +This is computed as the % change in the number of shares held by all MFs. + +1. Gujarat Gas (406.81%) +2. Hatsun Agro (29.61%) +3. Phoenix Mills (26.65%) +4. Ratnamani Metals & Tubes (23.9%) +5. Prestige Estate & Projects (23.85%) + +**Companies MFs dumped the most.** + +This is computed as the % change in the number of shares held by all MFs. + +1. Tata Communications (-55.56%) +2. Dish TV (-41.72%) +3. Reliance Capital (-34.12%) +4. Reliance Infrastructure (-26.3%) +5. Blue Dart (-24.2%) + +Special Mention: DHFL (-99.61%) + +**Companies most MFs increased the stake in.** + +This is computed as the net funds that increase the stake in the company to the total fund holding the company. + +1. Jaiprakash Associates (50%) +2. Oil India (40%) \[Consecutively second month in this list\] +3. VMart (40%) +4. Persistent Systems (38.1%) +5. Chambal Fertilizers (37.04%) + +**Companies most MFs decreased the stake in.** + +This is computed as the net funds that increase the stake in the company to the total fund holding the company. + +1. Tata Communications (-84.62%) +2. Ceat (-82.35%) +3. IDBI Bank (-71.43%) +4. Reliance Capital (-60.61%) +5. Mannapuram Finance (-56.25%) + +Comment your thoughts about these companies, if there are any you are looking into, or the ones that you dumped. + +**About the data:** + +1. The data is over around 575 companies. +2. Companies that are held by less than 10 funds have been excluded. +3. The funds include ETFs, and arbitrage funds. +I've seen a lot of posts complaining about how r/cryptocurrency only shills stagnant coins that have already pumped. And coins like SHIB, LRC, KDA, and SOL are never mentioned until after they explode. + +This is entirely by design. Your exposure to posts on reddit is a function of how many upvotes those posts have received. And the more bagholders a particular coin has, the more upvotes. Which is why the front page is a billboard for ADA, ETH, ALGO, VET, and a handful of others. By definition, the coins you repeatedly see here already have large numbers of holders. You don't get rich buying something that everyone else already owns. Hence why projects start to stagnate when they become popular. Popularity on r/cryptocurrency is actually a great indicator for when growth can be expected to taper. Cardano is perhaps a prime example. + +By contrast, posts about undiscovered projects will almost universally be buried. There may well have been a post shilling SOL at $1 or SHIB in 2020, but they never would have made it past the last page. +Hi, +I want to pick up algorithmic trading on the side. I have a master in economics and have been working as a credit risk modeler for the last two years. I am proficient in python. However I don't really have a background in market finance or trading. + + I figured Python for algorithmic trading would be a good place to start. To learn I might want to develop a package in algo trading. + +1) Is this book: "Python for algorithmic trading by Yves Hilpisch" a good start? + +2) Do you have any other learning suggestions? +I think a big assumption in the V-shaped recovery theory is that the U.S. economy was relatively healthy going into the crises. And that once demand returns to normal, businesses will continue to post record high profits. + +This idea couldn't be farther from the truth. [Data published in the WSJ](https://www.washingtonpost.com/business/2020/03/10/coronavirus-markets-economy-corporate-debt/) on March 10, 2020 showed that: + +* 1 in 6 publicly traded U.S. companies did not earn enough to cover their interest payments before the COVID-19 crises. +* In the first half of 2019, 40% of all leveraged loans went to companies with a debt-to-earnings ratio of 6:1 or higher. +* [the IMF conducted a stress test](https://www.cnn.com/2020/03/14/investing/corporate-debt-coronavirus/index.html) that showed an economic crises half the size of 2008 would put 40% of corporate debt at risk of default in the 8 of the largest world economies. + +I find it very odd that stories like these were EVERYWHERE in March, 2020. Then as stocks began to skyrocket and firms started making back losses, they practically vanished from the media. + +If you are comfortable with these debt levels and believe we can keep increasing debt without a market contraction, then by all means continue to invest. Just wanted to get the information out since I haven't see much of this lately. +I have 4 maxed out credit cards and I’ve been reading a lot here on advice to pay them off and NOT max them out again. My main thing is all of them have similar APRs except one — this one has 0% interest til January 2023 and it also has the lowest balance. + +Would it be smarter to dedicate more to it and pay that one off soonest before the interest rate kicks in or should I slowly and steadily pay on all four simultaneously? + +TIA! + +EDIT: I hope at least a few of you see this, but I wanted to give everyone a HUGE thank you for all of your advice and insight!! I’m weighing my options since I got some really important info concerning my situation, but I really appreciate each and every one of you for commenting! +I've seen a lot of hating on landlords and RE investment on here lately under the claim of being unethical. + +Things like eviction without cause, not maintaining a property, being a slumlord, charging far too high of rent for the quality of the property, or denying access to housing based on race, gender, identity, or beliefs are all unethical. + +I can't understand how only the sole act of owning IP's can be unethical though? - where does the investment then come from to build property and communities if there are no developers and investors? - what is the solution here? + +I think the housing setup is made up of roughly 25% investors and 75% owner occs, but only investors are blamed for the absurd prices when it's really just a supply demand thing. + +happy to have a back and forth with someone of this opinion to hopefully learn a bit more about this. +Selling a TSLA 750p exp 6/3. + +Really my first time ever selling a put for a learning experience as I only have ever just held long shares and LEAPS. So correct me on any of my misunderstandings. My real intention is to just collect the premium given when I initially sold the put. From what I gather, as long as stock price stays above my strike price, the option can expire and all is good. I know the risk of assignment, but am willing to accept the loss of shares but in the case I didn't want that to happen, my questions below are what I'm trying to gather some info on. Thanks all, happy trading! + +1. If TSLA price goes lower than my strike price of 750, that means my 100 shares I own will get assigned and I'm paid out at $750 a share and keep the premium? +2. If I wanted to avoid losing my 100 shares due to the option going ITM (below my strike price), I'd try my luck at rolling down and out and hoping the new lower strike price never hits? +3. When rolling out, should I do this before my option goes ITM or while it's still OTM (getting close to going ITM)? +4. If it hits expiry (6/3) does that mean I can no longer roll out? +After 18th July 2022, you will have to spend a little more on a few goods and services because the GST rates have been revised! + +A two-day Goods and Services Tax (GST) council meeting was held at Chandigarh on the 28th and 29th of June. Later in the evening, the Finance Minister, Nirmala Sitharaman, addressed the press and summarised the outcomes of the 47th GST Council Meeting. + +**Things That Would Get Costlier After GST Rate Revision** + +1. **Bank Cheque Book**: A GST of 18% will be levied on the fee charged by banks to issue cheques.  +2. **Packaged Food**: All sorts of pre-packed food such as curd, lassi, paneer, honey, dried makhana, wheat, and meat (except frozen) were earlier exempted but now will attract a GST of 5%.  +3. **Hotel Rooms and Hospital Beds**: Hotel rooms under Rs 1,000 per day will attract a GST of 12%. Hospital beds exceeding Rs 5,000 per day will be taxed at 5% (excluding ICU). +4. **LED Lights, Lamps, Knives**: The next time you purchase an LED bulb, you will have to spend a little more because the tax on LED lights and lamps has been revised from 12% to 18%. Also, cutting blades, paper knives, and pencil sharpeners will be taxed 18%. +5. **Pumps and Machines**: Bicycle pumps, turbine pumps, and submersible pumps will now be taxed at 18%. Also, machines used for cleaning and sorting seeds will be taxed 18%. GST on solar water heaters will also be charged at 12%, which previously was 5%. + +**Things That Would Get Cheaper After GST Rate Revision** + +1. **Goods Carrier Rent**: Shipping items would now become cheaper because the GST council has slashed the tax on carrier vehicles from 18% to 12%, including fuel costs. +2. **Ropeway Rides**: You can now go to Jammu and Kashmir and enjoy a ropeway ride at a lower price as the tax on ropeway rides has also been slashed from 18% to 5%. +3. **Orthopaedic Appliances**: Ostomy and Orthopaedic appliances will now be taxed at 5%, which earlier was 12%. + +**GST Rate Revision as per 47th GST Council Meeting** + +**GST Increase:** + +|**Commodity**|**From**|**To**| +|:-|:-|:-| +|Package Food such as Curd, Lassi, etc.|0%|5%| +|LED Lights, Lamps, Fixtures, etc.|12%|18%| +|Knives, Blades, Pencils, Sharpeners, etc.|12%|18%| +|Prepared and Finished Leather|5%|12%| +|Machines for cleaning and sorting out pulses|5%|18%| + +**GST Reduced:** + +|**Commodity**|**From**|**To**| +|:-|:-|:-| +|Goods Carriers Rent|18%|12%| +|Ropeway Rides|18%|5%| +|Ostomy and Orthopedic Appliances|12%|5%| + +**What Lies Ahead?** + +The recommended GST changes will be applicable from 18th July 2022. The GST council has also postponed the decision to levy a 28% tax on casinos and online gaming. The council has asked the Group of Ministers (GoM) to submit their inputs from the states by 15th July 2022. +Hey guys , + +Just wondering how has trading changed your life for the better from a professional aspect and personal pov? + +Thanks for sharing in advance 🚀 +She and her husband helped a company get government bond business, and her daughter Karen Waters and son Edward Waters have profited from her connections. Waters replied that "They do their business and I do mine." Liberal watchdog group Citizens for Responsibility and Ethics in Washington named Waters to its list of corrupt members of Congress in its 2005, 2006, 2009 and 2011 reports. Citizens Against Government Waste named her the June 2009 Porker of the Month due to her intention to obtain an earmark for the Maxine Waters Employment Preparation Center. + +Waters came under investigation for ethics violations and was accused by a House panel of at least one ethics violation related to her efforts to help OneUnited Bank receive federal aid. Waters' husband is a stockholder and former director of OneUnited Bank and the bank's executives were major contributors to her campaigns. In September 2008, Waters arranged meetings between U.S. Treasury Department officials and OneUnited Bank, so that the bank could plead for federal cash. It had been heavily invested in Freddie Mac and Fannie Mae, and its capital was "all but wiped out" after the U.S. government took them over. The bank received $12 million in Troubled Asset Relief Program (TARP) money. The matter was investigated by the House Ethics Committee, which charged her with violations of the House's ethics rules in 2010. On September 21, 2012, the House Ethics Committee completed a report clearing Waters of all ethics charges after nearly three years of investigation. + +Obligatory: Buy if you can. Hodl. Vote if you can. Dance if you want. + +💎 ✋ 🐵 🚀 🌙 + +Edit 1: This is NOT a post to spew your political/thinly veiled racist agenda on. I'm only bringing to light things dealing with Maxine Waters and her involvement in our beloved stock ONLY! Leave your non-GME rhetoric out of it. This isn't the sub for it. I couldn't care less what her stances on anything else are because as we should know by now, both sides of the failed 2 party system don't give a fuck about us and are corrupt to the core. If you hate her for other reasons, fine, but don't bring that stupid divisive shit in here. THIS IS ABOUT MAXINE WATERS BEING A WOLF IN SHEEP'S CLOTHING WHEN IT COMES TO WALL ST REFORM AND GME. LEAVE THE OTHER SHIT OUT OF HERE. THANKS. Ape no fight Ape. +Ape TOGETHER 💪 + + +Edit 2: For everyone replying with some variation of "well no shit" or "I've known that forever" or "You're just now realizing that"....here's your gold star and a pat on the back! Now, why don't you take a minute to realize that every Ape is not on the same learning curve as you. Not everyone knows and might be just starting to realize that politicians who are mixed up in Wall St(most of them) don't give two shits about us. So why don't you do something "crazy" and look at it through the eyes of someone different than you. It's honestly gross how many so called "Apes" spit this divisive vitriol in a thread where we are supposed to be a community. Put your ego and goddamn pettiness aside for once. We are all eating from the same shit sandwich out here. Remember that. Please and thank you. Apes Together 💪! + 💎 ✋ 🐵 🚀 🌙 +We are always torn about enjoying what you have and saving more for the future by delaying gratification. If you have been through it, it would be great to hear from you on when you had to be disciplined and it reaping rewards for you and helping you reach where you are now. +So, I took out a postgraduate loan of 10K and the main undergraduate degree loans. Long story short, unless you're a very high earner, you'll pay more in your lifetime for your 1 year postgraduate than your whole undergraduate degree. + +My example: + +I'm now 5 years out of my postgraduate. (I was the first intake that had access to the PG loan). My postgraduate loan balance is 10.8K. Main balance 58K. So long story short, neither of them are getting paid off within 30 years..despite all my repayments they've gone up. + +My current salary is £35,370. Each month I pay £47 for my undergraduate loan, but £63 for my postgraduate loan. As both balances are still increasing due to interest, unless my salary rises a lot (to approx 45-50K), I'll continue to pay more each month for my postgraduate degree. + +The reason for this is that the threshold for me repaying the postgraduate degree has remained at £21,000 since I finished. Whereas the government has increased the threshold for the undergraduate degree over time. The postgraduate threshold has been silently forgotten by the government. + +I'm not saying that the postgraduate loan is a bad idea - but just please go into it understanding that the one year course, unless you have high salary, could end up costing you more of your take home each month in your life than your whole undergraduate degree. + +If I had understood that, I may have thought twice and decided to go straight into the jobs market after my undergraduate. Instead I just saw it as an "extra 10K - what's the big deal when I'm already 50K in?" When actually so far that one year course has cost me much more. + +Hope that helps someone. + +Thanks +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. +>**The company will no longer sell either product and is offering owners full refunds** +> +>Peloton recalled its Peloton Tread+ and Peloton Tread treadmills today, according to an [announcement from the Consumer Product Safety Commission](https://www.cpsc.gov/Newsroom/News-Releases/2021/CPSC-and-Peloton-Announce-Recall-of-Tread-Plus-Treadmills-After-One-Child-Death-and-70-Incidents-Recall-of-Tread-Treadmills-Due-to-Risk-of-Injury), the government agency that oversees most household products, citing safety hazards. +> +>The Peloton Tread+ has been linked to dozens of injuries to children, including one death. The recall notice states that “Peloton has received 72 reports of adult users, children, pets and/or objects being pulled under the rear of the treadmill, including 29 reports of injuries to children such as second- and third-degree abrasions, broken bones, and lacerations.” +> +>**The company also notified the CPSC that its newer Peloton Tread’s touch screen can detach and fall, posing a risk of injury to consumers.** +> +>**Consumers should immediately stop using the treadmills and** [**contact Peloton for a full refund**](https://www.onepeloton.com/)**.** +> +>**The Peloton Tread+ (previously named the Peloton Tread) has been on the market since 2018. A smaller treadmill, also named the Peloton Tread, was slated to go on sale May 27, with 1,000 units already sold in the U.S. as part of a friends-and-family presale.**  +> +>The recall comes after the [CPSC, in April, took the unusual step of warning consumers](https://www.consumerreports.org/product-safety/peloton-plus-tread-treadmill-urgent-safety-warning-cpsc/) with small children or pets at home to immediately stop using the Peloton Tread+. The company initially refused to recall its popular $4,300 exercise machine, according to a CPSC spokesperson, stating that the product was safe as long as users followed operating instructions. +> +>**The warning was based on reports of 39 incidents in which a person, a pet, or an object, such as an exercise ball, was sucked under the machine, leading to injuries in both children and adults, many of them serious. “These are more severe injuries than you would imagine with a treadmill,” the CPSC spokesperson told Consumer Reports at the time, adding that the agency had not seen these types of injuries with other treadmills.** +> +>In light of the CPSC’s warning and the severity of the injuries, [CR removed the Peloton Tread+ from its ratings](https://www.consumerreports.org/product-safety/safety-concerns-prompt-consumer-reports-to-remove-peloton-tread-plus-from-ratings/) and stopped recommending the product while the investigation was ongoing.  +> +>The treadmill’s safety risks first became apparent in March after [Peloton CEO John Foley wrote to](https://support.onepeloton.com/hc/en-us/articles/360058677091-A-Note-from-Peloton-CEO-John-Foley-about-Tread-) users of the exercise machines regarding an incident with the Peloton Tread+ that led to the death of a child. Foley advised consumers to “keep children and pets away from Peloton exercise equipment at all times” and to “remove the safety key and store it out of reach of children” when the treadmill was not in use. +> +>The widely publicized fatality prompted the CPSC to request information from Peloton, and the company disclosed to the agency that there were additional injuries and incidents tied to the Peloton Tread+. +> +>**As the CPSC investigated the reports, including disturbing** [**home video footage of a child being sucked underneath the Peloton Tread+**](https://www.youtube.com/watch?v=onXNnlCYJ4Y) **(and escaping without serious injury), the agency asked Peloton to recall its treadmills. But Peloton refused.** +> +>Shortly before the CPSC’s public warning, Rep. Jan Schakowsky, D-Ill., asked for details about the CPSC’s investigation and Sen. Richard Blumenthal, D-Conn., urged Peloton to issue a recall. +> +>The standoff with Peloton illustrates that the CPSC cannot force companies to issue a recall without taking them to court, even when the agency’s safety experts have tied a hazardous product to deaths or serious injuries. +> +>“The CPSC took a strong and principled stance for safety, and clearly that’s what made Peloton come to the table and agree to offer a full refund,” says William Wallace, CR’s manager of safety policy. “It shouldn’t have required so much time and effort to get this product recalled. This episode underscores why we need to overhaul our outdated laws, so the CPSC has the ability to take quicker, forceful action when a product is putting people at risk.” +> +>Acting CPSC chairman Bob Adler said in a statement today that he is pleased that the agency and Peloton have ultimately agreed on recall terms. He added that the recall “is the result of weeks of intense negotiation and effort, culminating in a cooperative agreement that I believe serves the best interests of Peloton and of consumers.” +> +>**Peloton CEO Foley apologized for the company’s initial response to the safety issues, and stated that “the decision to recall both products was the right thing to do for Peloton’s Members and their families. I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+. We should have engaged more productively with them from the outset. For that, I apologize.”** + +[Source](https://www.consumerreports.org/home-product-recalls/peloton-tread-tread-plus-treadmills-recalled-serious-safety-hazards/) + +[PTON stock price](https://finance.yahoo.com/quote/PTON?p=PTON&.tsrc=fin-srch) +For me, it’s simple. Without a W2 or steady non-investment income, it means anything that looks like it could reduce my net worth. Or at least most things that skews my net worth away from productive assets. + +For example, I am much more likely to sink money into renovating the house (increases asset value) than I am to spend on some depreciating luxury (new Maserati). But I would much rather keep money inside - or ready for - cash flowing assets. Otherwise, it needs to be able to be paid for out of interest. + +Now that the markets have turned, and I see a slide in validations everywhere, I am REALLY tightening up. + +Lower NW friends often raise their brows at me when I say “oh we can’t afford that right now” despite being HNW, so I wonder what the statement means for most of you? +I know they cut the tax rate down to 25%. But don't the vast majority of companies already enjoy a 25% tax rate. Didn't they already announce a tax rate of 25% for companies less than 400 crores a while back? + +Is this euphoria because the government is acting finally or is there a more fundamental reason for the positive sentiment? + +I am trying to decide if I should exit a few of my stocks that suddenly went positive after todays rally. What are your thoughts on exiting some stocks right now or should I wait and this positive sentiment will continue? +Hello all! + +Well...you're going to want to strap in for this week, things didn't go so well and it looks like they will be getting worse before they get better. + +# Key Statistics (Overall) + +NOTE: I am using TradesViz which is so fantastic HOWEVER, the win rates are calculated based on trades and not executions. For instance, if I trade the same ticker over and over again, and have a 70% win rate on those trades BUT I have one big bad losing trade that counters all of the wins, it will appear as a 0% win rate. + +Again, reminder that the overall data is going to take quite some time to balance out as the first several weeks served as a testing period where I would do a lot of 1 share and very low leverage trades in an attempt to practice my strategy and the usage of the software. I would focus more on my weekly statistics to gauge my progress so far. I imagine by the end of this year, my overall statistics should be balanced. + +Account Net Worth: $60,838.03 + +Unrealized P/L: ($1,406) + +Realized P/L: $16,270.24 + +Average P/L Per Week: $2,324.32 (Note: This is based on when I started using real leverage around Week 6) + +Average P/L Per Day: $285.82 + +Win Rate: 60% + +Profit Factor: 2.276 + +# Positions + +https://preview.redd.it/ug5lhxg51h971.png?width=683&format=png&auto=webp&s=2b310cad5ea63916f1f24085804690b9c5a219d3 + +# Overall Statistics Images + +https://preview.redd.it/h2u4tsgd1h971.png?width=1338&format=png&auto=webp&s=c09d4698d239c8aeebff35b7065391d0d1be0c32 + +https://preview.redd.it/agebb95h1h971.png?width=1351&format=png&auto=webp&s=083c11e86a3e5a83c7fe43b3c7b4925c77dfa3b4 + +https://preview.redd.it/it7vzuti1h971.png?width=1238&format=png&auto=webp&s=9b2991662c88daa79b29a041a43c1e5596269f1e + +https://preview.redd.it/575ccvkk1h971.png?width=1233&format=png&auto=webp&s=52258cd6aad78f5e038cc97b4a152964f47e65ee + +https://preview.redd.it/gne84hyl1h971.png?width=1237&format=png&auto=webp&s=c3eb927cac96adab3627e055224eac0acbcc08d7 + +# Week 13 + +Well...This was...not excellent. I took some pretty significant losses this week and didn't take significant profits when I had the opportunity. I am a man filled with regret this week. The sad part is...my day trades were actually really, really good. It was my swing trades and cashing out of losing positions that really hurt. Here's the kicker...one of the parts was literally...a fat finger. + +If you are more interested in the day trades feel free to click the hyperlinks on each day and see what trades I took. Pretty awesome returns, but I wasn't using a whole lot of leverage since all of my money was tied up elsewhere. + +Basically, day trading was great this week, things started turning south on Wednesday. When I literally fat fingered a massive mistake and closed my SPCE position for a loss which I absolutely did not want to do. + +Then Thursday, after taking an unnecessary loss I realized it was probably time to take necessary losses, so I closed out my meme spec plays as the catalysts and TA I was watching became invalidated. + +Friday arrives and SPCE is mooning pre-market. I decided not sell the $10,000 I had in gains but instead I decided to average down on calls expiring next week. + +I'll provide more detail on each day. + +P/L: ($2,264.13) + +Win Rate: 65% + +[Monday 06/28](https://www.tradesviz.com/viewday/uLDmHrRQ) + +P/L: $876.67 + +Win Rate: 83.33% + +I had a good day trading SPCE (if you haven't noticed it's one of my favorite stocks to trade). Most of the P/L came from this but I had successful trades on a few other tickers, but again, I wasn't using enough leverage even though the percent returns were fantastic. It was very sad to see that trend all week. I was having 6-9% trades but I was using barely any money, and I mean some of these trades I was using as little as $500. I won't talk about that again, just as you look through the trades understand it would have been an absolutely enormous week if I trusted myself on stocks other than my swing trade stocks. + +[Tuesday 06/29](https://www.tradesviz.com/viewday/QxkPr0nF) + +P/L: $484.65 + +Win Rate: 85.71% + +Another great day trading. Awesome percent returns but again same issue I mentioned above. + +[Wednesday 06/30](https://www.tradesviz.com/viewday/Oeh7zz6I) + +P/L: ($2,784.85) + +Win Rate: 70% + +This was the day of the fat finger. Again, I was having a fantastic day trading away and for the first time I decided to trade multiple stocks at the same time, turns out, I'm definitely not ready for that. Although I was successful in doing so, I made a huge mistake by clicking close on SPCE when I meant to close out of a scalp. So yes, I took a $3000 loss on a stock that I wanted to hold and yes, the very next day it ran up 25% and I would have made a great sum of money without ever realizing any losses. Very unfortunate, but I suppose lessons were learned. + +[Thursday 07/01](https://www.tradesviz.com/viewday/u6tRoZXX) + +P/L: ($2,334.13) + +Win Rate: 35.71% + +After accidentally taking a loss on SPCE I decided it was time to clean up shop a little bit. If I was going to realize losses on stocks I didn't even want to, then I should probably realize losses on stocks that I should close out of. I closed out of virtually all of my losing positions that I was holding as the catalysts and TA have become invalidated. The good news is, these updates don't quite reflect everything that is happening since I have things going for weeks at a time but only report on weekly events. What I mean by that is I have been selling AMC CC's for the past several weeks, so all the loses I realized on the stock were covered. + +Today was not a great day for trading all together for me. Even if I didn't close out of those positions, I would have had a red day. + +[Friday 07/02](https://www.tradesviz.com/viewday/n3GPF1Cn) + +Win Rate: 100% + +P/L: $70 + +My, my, my....this was just...depressing. Well, I decided to load up on SPCE shares and calls just before close just in case they decided to announce the test flight after hours. Well, that's precisely what happened and I woke up to being incredibly ITM. I was up over 20% on my shares and 300% on my calls, roughly showing $10,000 P/L. But as you can tell from my P/L I have above...I did not cash out. + +Why? Well, I have been following this stock for a year now and everything has been leading to this moment, the moment where Richard Branson goes to space himself. That moment is next weekend. + +So, when the market opened, I anticipated a sell the news event but what happened I did not see coming. My absolute biggest mistake was not selling my calls right at open, that should have been done, no brainer. I was just so sure that it was just a pullback and we were going to seek more upside on this two decade long news that has finally arrived...I was terribly mistaken. + +The stock plummeted, giving back all of the gains it received from the news, and putting me in the red after being up $10,000. I said if it fell under $50 I would have to consider selling and re-entering. But every single bounce that came, I swore it had to be the bottom, after all, SPCE reached $60 on a random test flight announcement earlier this year and that didn't even have Branson nor did they have FAA approval. My PT was $70. + +A hard lesson was learned here, I have yet to be in this position. Normally, I had either sold way to early and I'm bitching about how I need to hold on longer and really juice my wins. But I have yet to go this positive and then just give it all back. + +So, next week is going to be extremely interesting for me. If you noticed, my calls are now severely punished and will likely be worse next week. So I did something I typically avoid, I kept adding to a losing position. I refuse to believe that after this news, it would just give back all of it's gains, it actually looks like SPCE conducted an offering and that was a majority of the selling pressure. That being said, I kept averaging down my calls every chance I could get. Especially once it found the floor. + +We will see next week, I will hopefully at least be able to get my money back as I expect an extremely volatile and bullish week for SPCE, but it would be sad to have picked the right stock at the right time and played it wrong to just walk away with nothing. + +# Psychology + +The biggest thing for me this week was outside factors. I am an entrepreneur and the stock market is meant to be the vehicle for me to raise capital for the businesses I am building out. One of these businesses is getting very close to being ready to go and I need a large sum of capital to pull it off. I was a pig on Friday. $10,000 is literally 1/6 of my account size, to look that in the face and say "nah" is something that I can't believe I did. + +I started breaking a rule that I actually don't typically break "Hit singles, not homeruns". Normally, when I trade it's literally all singles, hell, they are bunts. I take profits so fast it's ubsurd and almost always miss out on a significant amount of upside. + +I think I saw this as my "opportunity" where I was going to make so much money it would be life changing and I let that blind me to the point where I completely went against my entire strategy and everything that has helped me maintain success up to this point. + +I certainly have learned this lesson the hard way. I would like to say it's over now, but I have already doubled down on all my positions, so next week is going to be a week of pain or rejoice. If it doesn't go my way I will likely be reporting my 3rd week of losses and the sad part is, all of the day trading in between is perfectly fine. I just keep giving back all of my gains via massive swing trades that I am managing poorly, and by managing poorly I literally just mean I'm not realizing gains when I should be. + +# Software + +TradesViz is still crushing it, loving what I am seeing and they updated the new feature I was super excited about so I will post a screen shot for that: + +&#x200B; + +https://preview.redd.it/eg9cn1mr6h971.png?width=950&format=png&auto=webp&s=2fcb8bf39eb0d1761a143c88de8bc03d53613f27 + +I'm still using TradeStation and I don't have many complaints because I can't tell if it's just operator error. I need to take some time and just do a software day and get really familiar and comfortable with my setup. I really can't have any fat finger days that lose me money on accident. That is so incredibly noobish and I hope you will never see me report anything like that ever again. + +# June Overview + +Well, my first full month of using decent leverage is complete. Here's how it turned out: + +https://preview.redd.it/tsknwql87h971.png?width=1293&format=png&auto=webp&s=f709509b02af7187575e650a0462715b17ca8e51 + +https://preview.redd.it/q6wj0pab7h971.png?width=1282&format=png&auto=webp&s=1181351776730beea5e63e605db39d41162459fc + +https://preview.redd.it/inrhjwyd7h971.png?width=927&format=png&auto=webp&s=46629e61a82515ac32b0ffaac15a84c0b28e20c9 + +&#x200B; + +**TL;DR:** Lol. That's literally all I can do at this week. Fat finger for a $3k loss + not cashing out a $10k gain and watching it fall into the red, meanwhile doubling down on the way down. Next week is either going to be glorious or brutal, I'm sure you will all enjoy next weeks post either way. +https://www.cnbc.com/2021/02/09/spacexs-starlink-accepting-99-preorders-as-musk-considers-ipo.html + +Prospective users of SpaceX's Starlink can now preorder the service for $99. + +The company's website emphasizes that the preorders are "fully refundable," noting in fine print that "placing a deposit does not guarantee service." + +Elon Musk's company so far is offering Starlink to customers in the U.S., Canada, and the U.K. + +The SpaceX CEO also said that "once we can predict cash flow reasonably well, Starlink will IPO." + +Thanks for the awards. +Not looking for investment advice, just opinions on the question. + +I initially thought google would fair well because advertising will still be huge, but many companies might not be able to afford it, so I’m unsure of the net effect. I think Tesla would take a big hit because people aren’t going to be buying new cars during a recession, and it doesn’t sell much cheaper/essential stuff like Amazon does. + +What are your thoughts? +Physical holdings, not REIT's, and not including your principal residence. + +Bought my first rental property 29 years ago, currently sitting on around 30% of my net worth in real estate (less than 30% cash, the rest in mutual funds and equities - though recent gains have made me consider upping my cash position). +It's funny. I just got off phone with my cousin and I was explaining to him about how out of all the other subreddits I'm in (investments, stocks, stock markets, cryptocurrecy, etc...) they're ALL freaking out. + +But Superstonks sentiment is DUH BITCH WE WARNES YOU THIS CRASH WAS COMING AND ITLL BE WORSE THAN ANY OTHER CRASH IN US HISTORY TIME TO BUY MORE. + +And it's beautiful and sad at the same time. Beautiful because we know why and it proves the thesis we've predicted over a year ago. But sad because we know a LOT of people are going to get burned in the process. + +Once again, emphasis on if all it takes to crash the entire economy is buying and holding a stock we like then the markets have been fraudulent for a long time. + +I'm grateful to be on the right side of this and be able to help my loved ones and I believe the ape philanthropy that follows these detrimental times will set the stage for the new Era. + +Edit: On top of that, watching the MSM blame apes for holding then claim we're selling the very next day is beautiful confirmation bias. + +Longest game of itoldaso I've ever played. And I'm NOT gonna rub it in anyone's face once it plays out the way we predicted it will. + +Edit 2: Mandatory 🚀🚀🚀🚀🚀🚀 + +Edit 3: Omg I went to bed and woke up to 126 notifications... time to get to reading 😂😂😂 I love my ape family! 🚀����🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Much of bull confidence comes from looking at China where they "have the virus beat" and re-opened factories. + +But look closer. The state is mandating workers go to work. What do they do on the weekend? What do they do after work? Check out the the driving data from TomTom for the last 7 days. Notice anything interesting about weekend data? + +https://www.tomtom.com/en_gb/traffic-index/beijing-traffic/ + +TL;DR: Nobody is doing shit in China without a gun to their head. V-shaped recovery is not going to happen. +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! + +Hello all! Sorry to beat the drum about this but I feel like it should be summed up one last time as I'm a stickler for accurate data and I have confirmation on some of the numbers that have been floating around the sub yesterday with regards to eToro. + +**Short version (TL;DR): I have confirmed by combing through the eToro APIs that there are exactly 96,660 GME holders on the eToro platform. Then, by applying lots of math and removing the top 10 GME institutional holders, as well as RC himself, it resulted that, on average, apes should be holding 6.22 shares each. However, we know from various other sources (Nordnet, Avanza, some private trader groups I'm a part of) that the average is SIGNIFICNATLY higher than that, anywhere between 14 and 19 shares per ape. Soooooo hedgies R fuk.** + +**So if ape should be holding 6 shares, but ape actually holding 14 shares, what are the extra 8 shares made of? Fairy dust of course!** + +# Long version: + +Seeing so many people post screenshots from eToro with various numbers of holders lead me to believe that this data should be hiding somewhere in the API calls (spoiler, IT IS). + +The call we're most interested about is: + +"[https://www.etoro.com/sapi/insights/insights/uniques?client\_request\_id=](https://www.etoro.com/sapi/insights/insights/uniques?client_request_id=)<client\_request\_id>" (I removed my ID because, you know, it's mine) + +So that call will give back data on ALL of the instruments within eToro, but we're only interested in instrument id 1699, because that's our boy. + +https://preview.redd.it/8bpgwy37wk271.png?width=679&format=png&auto=webp&s=d0738b486dacc20811a219366d0a1f67bb22e1f2 + +And this is to verify that it's our boy: + +https://preview.redd.it/1s73s2d9wk271.png?width=760&format=png&auto=webp&s=87a4ceffcf0e786fbd3ab84387d03d2d99e82b3c + +So going back to the first screencap we have a few interesting fields + +\- API URL: /insights/uniques +\- Percentage: 6.372391 +\- Total: 96,660 + +It doesn't take a rocket surgeon to figure out what these numbers are. Total of eToro accounts that hold GME: 96,660. Percentage of eToro accounts this represents: 6.372%. + +So if we're to do a 96660 / 0.06372 = 1,516,949 eToro accounts. + +Yeah, so what? Well let's do the same math for a different stock.... why not NVIDIA Corp since I have a GPU in my computer: + +https://preview.redd.it/0n4a7ps8xk271.png?width=832&format=png&auto=webp&s=04ab1a36d14af812d798d39c4cf651b26c9dc243 + +Let's find instrument 1137 + +https://preview.redd.it/8b4ftr4exk271.png?width=673&format=png&auto=webp&s=b8113fb865f3e65386e37d97f4a321e761149e62 + +154,056 eToro accounts hold NVIDIA stock, with a percentage of 10.15589, which means if I do the same math again: + +154056 / 0.1015589 = 1,516,912 + +Would you look at this then! Almost identical number! Let's do it for one more, without screenshots so this post is not 10 miles long. Let's pick something completely random: "Imerys" - ID: 5768 - Total: 172 - Percentage: 0.011338825192232642 + +172 / 0.011338825192232642 = (guess what) 1,516,912 + +So we've established with a pretty high level of certainty that there are: + +1,516,912 eToro users, but more importantly, **that 96,660 of these users hold GME.** + +We also know, with a high level of certainty (information not yet 100% confirmed, currently taking eToro at face value with this), that 1.5% of all GME holders are on eToro. [We know this from eToro themselves](https://www.reddit.com/r/Superstonk/comments/nmos5k/what_the_actual_fuck_did_etoro_just_say/) which [know it from GameStop](https://www.reddit.com/r/Superstonk/comments/np4wwu/etoro_got_their_15_of_all_gme_holder_straight/). So that means that the total number of GME holders is: + +**96,660 / 0.015 = 6,440,000 holders** + +**So there are a total of almost 6.5 million GME shareholders.** It's very important to note that BlackRock (with their 8.5 mill shares) probably also counts as only 1 shareholder. Same probably goes for RC and his 9.whatever million shares. + +I'm almost done with the math just bare with me. According to yahoo finance, the marketcap of GME is 15.711Billion USD, and with a closing price of 222 USD last Friday this means that there should be around (15.711B / 222) = 70.7 Million shares in existence. + +**So 70.7M shares / 6,440,000 shareholders = 11 shares per holder on average.** + +Does that sound right? I mean at first glance it sound fairly reasonable but let's mull this data a little more! Let's start by removing [the top 10 institutional shareholders](https://money.cnn.com/quote/shareholders/shareholders.html?symb=GME&subView=institutional), which total 21,434,968 shares between them: + +(70.7M - 21.4M) / (6.44M - 10) = 7.655 shares per holder + +This starts to not look right considering there are plenty of retail investors with xxxx, xxxxx, shares. + +But there's more, we also know that RC [owns around 13% of GS shares](https://www.forbes.com/sites/jonathanponciano/2021/04/08/gamestop-taps-billionaire-investor-ryan-cohen-as-board-chair-sending-shares-surging-anew/?sh=3b48faf04db6). So if we do a: + +(70.7M \* (1-0.13) - 21.4M) / (6.44M - (10 (Hedgefunds) + 1 (Ryan))) = + +# 6.22811 shares per holder on average + +That is complete nonsense. We know for a fact [from this post](https://www.reddit.com/r/Superstonk/comments/nnngl6/update_dd_i_did_the_math_latest_nordnet_and/) that, on average, there are 15.82 shares / ape. From some other Telegram investor groups that have done counts, they've reported back an average of 19 shares per person. + +This thing is nakeder than a sphynx cat. + +Okay I'm done, hope you found this useful. I've spent way too much time putting this post together... Please feel free to poke holes in this post, but I'm fairly confident in the accuracy of this data, especially since most of it is verifiable. + +Hedgies + +B + +FUKKDSJAD:JSAKLDJSAKLDJLSAKDSA + +EDIT: ***Considering that the average should be 6, but the average appears to actually be between 14 and 19, that means the stock is oversold between 230 % and 316%. OH SWEET NELLY THIS IS GOING TO HURT WHEN IT COMES UNDONE.*** + +Edit 2: loads of people pointing out that the 1.5% number is from April 15th, while the rest of the data I used is from today. More people have been getting into GME side April 15th and more people have been increasing their positions. There's no evidence to suggest that the 1.5 has changed in any significant way since that time as there's no reason to believe that people's choices for trading platforms has shifted in any way. The only thing that has probably increased since then is the average number of shares held per ape which just raises the SI. + +Based on the data above it's fairly safe to say we're living with at least 200%SI, but I feel like the exact number past this point is just morbid curiosity since it's not like the hedges can save themselves in this situation. +[**They are mostly technology based companies.**](https://www.voanews.com/usa/us-adds-33-chinese-companies-institutions-economic-blacklist)I am looking through the list see if there are US listed stocks getting impacted. I know TSM exports a lot components to Huawei for 5G. TSMC has wafer fab in China that produces 14.5 micron IC (need to check) which is not good enough for 5G. All Twn produced newer technology based products will be banned shipping to Huawei after summer. +It’s in a savings account that I’m pretending doesn’t even exist. However, I have some debt. But I’m doing well paying more than the minimum. I also have a car that could use some work. So, am I doing the right thing by leaving it alone? Or, should I pay off the debt and/or fix the car? (The car is safe to drive, but could use some new tires and general maintenance.) +I focus on the basics; being a business, taxes, government spending - but I know that economics has changed beyond basic supply and demand/ rational actor. I just don’t have a sense of priority with more modern content. +I am pretty much a novice here. Most opinions I’ve from Keynesians/mainstream people are that inflation is in specific industries and it’s completely based on the supply side; however, couldn’t you argue that if people didn’t have so much stimulus, we would find an equilibrium sooner? + +Between the stimulus checks and the child tax credits, people are ready to spend. This is happening at the same time as the supply shock. Don’t you think if there wasn’t so much stimulus floating around demand would be less and supply chains could find their footing faster? + +Would love to hear opinions from people more knowledgeable than me. +I’ve realized that my line of study opens the door to a wide variety of options within business among other things. I’ve found that the most common path is analysis, and I’m wondering if these are the types of jobs i should be hunting for. (I’m sorry if this sub is the wrong place to ask this, but figured there are some folks on here that were once in my position as well) +This one has a %2 burn fee, %2 redistribution fee but also it swaps %2 of tokens from every transaction to BNB and sends it to the Binance charity donation wallet. + + +Hello Ravens! + +Presale starts in less than 30 minutes. + +&#x200B; + +This is the first charity token, 2% charity fee will be applied on every transaction, those tokens converted to BNB and then directly automatically sent to the Binance Charity wallet (hardcoded, no rug). Presale will be at DxSale. + +————————————— + +Presale: 50 BNB/250 BNB cap + +0.05 BNB/2 BNB min/max + +80% to liquidity (rest for marketing and also donation to charity) + +1 BNB = 1 M tokens + +Presale price = listing price + +————————————— + +Total supply: 500 000 000 RX + +Marketing: 25 000 000 RX (locked) + +Team: 25 000 000 RX (locked 6 months) + +Presale: 250 000 000 RX | Listing: 200 000 000 RX + +6% transaction fee will be split to: + +2% burn fee || 2% redistribution fee || 2 % donation fee + +————————————— + +[https://t.me/RavenXfin](https://t.me/RavenXfin) + +Twitter: [https://twitter.com/ravenxfin](https://twitter.com/ravenxfin) + +Website: [www.ravenx.finance](https://www.ravenx.finance) + + +Well now this is something different. I'm excited because of this not because it is a quick medium of hefty profit, but I really like the utility and they have a solid roadmap, this one can go long term. A very cool project. +I'm 27 and clear just over 1k a week after tax. After rent, bills, food and petrol my disposable income is roughly 400 a week. + +I aim to save 500 a fortnight and invest a little as well, but it just feels like it's nothing and I'm sacrificing nights out etc for nothing. + +Don't even know why I'm writing this to be honest, maybe looking for people who were in a similar situation and found a way out. + +EDIT: I honestly can't believe the response to this thread, i know its nothing crazy but I've never had more than like 20 replies, haha. You've all lifted my spirits and given me some awesome ideas, and have helped me realise that maybe my expectations were too high due to comparing myself to others. Sincere thanks to everybody who contributed :) +My fiance and I were due to be married on Friday. She unexpectedly passed away this morning. I am signed up to start grief counseling and am doing my best with my loved ones to process this. I do want to be prepared for everything I need to take care of, and planning for this is helping distract me from this horrific event. + + She has over 2,000 in credit card debt, 20-30 thousand in student loans, and very little cash saved. She had a rare chronic illness that left her with some medical debt but I'm not sure quite how much. We are not legally married, bank accounts are separate, and have nothing except our lease and utilities in both our names. Am I responsible for any of this? I didn't think debt transferred, especially to non legally married couples. Are people going to try and call and guilt me into accepting her debt? We have 7 months left on our lease, am I able to break it? I could afford it but it would be tight and I have no desire to stay in the place where her final moments were. + +What do I need to do going forward? I know I need a death certificate. I've notified her work and doctors associated with her disease study. How do I go about cancelling all of the things in her name (phone plan, etc.) Is there a one size fits all thing I can do to just get it all taken care of at once? Her funeral is being handled mostly by her parents and grandmother, we are going to finish details later. + +Thanks in advance to anyone that helps. This is all so unexpected and I feel destroyed emotionally, the stress from all of these questions multiplies that grief and it will be good to have a plan ready for when I'm ready to tackle everything. +For the past 4 years I have been saving and working to try to buy a house. Based on the cost for a house in my price range (that would keep my rent about what it is now), I have enough saved for a 5% down payment, 3.5% for closing costs and an extra 20,000 in case of emergency housing expenses. I also have a smaller separate emergency fund with around 5k in it. + +I really want to buy a house, and I feel financially ready to buy. But my husband is having some severe health problems that have kept us from even looking at any homes in the past six months. Having all that money just sitting in my savings account has been making me nervous. So when I saw that ibonds had an interest rate of over 7%, I decided to just go for it and purchased the limit. I do not usually do things this impulsively, and I hope it was the right choice. +[CME FedWatch](https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html) + +Current level = 100-125, there is a ~~37%~~~~21.5%~~0.5% chance it will be cut to 75-100, and a ~~63%~~ ~~78.5%~~ 99.5% chance it will be 50-75. + +I do not claim to know when a crisis will occur. But if we are already at such low rates now, when it really isn't that bad, what are we going to do when banks start going under? Is every central bank going to go negative on their rates, tens of trillions of QE? + +Oh, boy, I am super worried, this is going to be worse than 2008 because the world has far more debt and far lower interest rates than we did back then prior to the crisis. We also counted on China for our recovery the last time, but we will have no such luck this time because their economy is probably in worse shape than the US is due to demographics and a housing bubble in Beijing, Shanghai, Guangzhou and Shenzhen so large, that they easily rival the bubbles of NYC, SF, Toronto or Vancouver. + +EDIT: What the fuck? There is a 1/6 chance that they will cut to 25-50 (a 75 basis point cut)? What the fuck does the market want? Negative rates by June? Is the S&P 500 headed below 1000 points? + +EDIT 2: 88.1% chance of a 75 basis point cut, the world economy is FUCKED! We are in for perhaps a 1930s depression, and it may very well lead to World War 3 and the end of humanity. +# TL;DR: Too much is going on right now in the financial world for it all NOT to be connected. And if Michael Bury and other financial experts are right, then the United States and other countries across the globe will soon be in a dire economic situation akin to the Great Depression. Where there is smoke, there is fire. + +This truly isn't "original DD" as it is an easy source to find all the information relevant to a pretty common conclusion many of this sub are making; + +# The United States Economy is about to fail. + +I will do my best on this post to list all the information in chronological order. + +**1.) The United States Government is responsible for reporting total liquidity in the markets, saving deposits, and large deposits in banks. These are known as M1, M2, and M3. However, they are no longer reporting 2 of the 3 sectors of liquidity in the markets.** + +[Just before the 2008 Financial Crisis, they have since stopped reporting M3 (large bank positions)](https://fred.stlouisfed.org/series/M3). + +&#x200B; + +[M3 \(Discontinued as of March 13, 2006\)](https://preview.redd.it/gnpd0hqsoju61.png?width=2338&format=png&auto=webp&s=c7df90ae36fe1dd66e565f2782de818350cdf70e) + +[And as of February 2021, they have stopped reporting M1 (total liquidity in the economy).](https://fred.stlouisfed.org/series/M1) + +&#x200B; + +[M1 \(Discontinued as of February 1, 2021\)](https://preview.redd.it/skmpn49voju61.png?width=2342&format=png&auto=webp&s=03e4b81b3b732ac0192f8ea8d17003c394befa14) + +# In other words, trillions of dollars in the market are currently unaccounted for; especially the 40% of total US Liquidity that has been pumped into the economy as of May 2020. + +**2.) Michael Burry, the man who saw the Housing Market Collapse happening three years before it did, warned on Twitter again of how the current US Economy is "balancing on a knife's edge".** + +&#x200B; + +[Link of Tweet from Michael Burry \(now deleted\)](https://preview.redd.it/75bh96kypju61.png?width=1184&format=png&auto=webp&s=4eb598cc721f89c9942c8aacef9eb1868edb8273) + +&#x200B; + +[Final Tweet before account was deleted](https://preview.redd.it/mixmyd83qju61.png?width=1924&format=png&auto=webp&s=61df98c905b8cd68e95dac3feb047b249a1c479a) + +# Now, Michael Burry's Twitter account has been deleted and has continued to remain silent after the SEC visited his home. + +&#x200B; + +[From March 18, 2021](https://preview.redd.it/kgi2pciaqju61.png?width=2814&format=png&auto=webp&s=3ad5b6920e4100c01d4a0bc03b3561929b156460) + +**3.) In December of 2020, Warren Buffett has his company, Berkshire Hathaway, sell all their positions in large banks.** + +&#x200B; + +[Enough said.](https://preview.redd.it/on9y9klyqju61.png?width=1780&format=png&auto=webp&s=5dacdd84fa383d4f7c6bf2cd377877af5bbf91b7) + +[SEC Link of such transactions can be found here.](https://www.sec.gov/Archives/edgar/data/1067983/000095012321002786/xslForm13F_X01/0000950123-21-002786-3286.xml) + +&#x200B; + +[Here's a quick snippet of Berkshire Hathaway selling their bank positions \(link above\)](https://preview.redd.it/2g8f46j4rju61.png?width=2844&format=png&auto=webp&s=69005fcb2754a925dad35c7a2ab116330a789961) + +# Warren Buffett also stated in his annual letter to Berkshire Hathaway shareholders that the future of American Bonds is grim. + +[PDF to Letter Linked Here.](https://www.berkshirehathaway.com/letters/2020ltr.pdf) + +[Link to full letter can be found above.](https://preview.redd.it/6wsm82plrju61.png?width=1712&format=png&auto=webp&s=a3e9776727f13c74b90c2e2cba3841b6c01af3df) + +**4.) The DTCC, SEC, Federal Reserve, and Congress are changing the structure(s) of the financial world like there's no tomorrow.** + +# For one, there is now no longer a taxpayer bailout for big banks. + +&#x200B; + +[Effective March 19, 2021](https://preview.redd.it/1uj8xk4vsju61.png?width=2768&format=png&auto=webp&s=b32e38511d9a09f9b682f0a466067ab877848ae9) + +# The SEC is currently holding closed-door meetings every month instead of one every other year. + +&#x200B; + +https://preview.redd.it/vdxrvwp0tju61.png?width=1344&format=png&auto=webp&s=02f1ca0baf42b27914a59b2ba95b702625ce4a22 + +&#x200B; + +https://preview.redd.it/hu9n4sw1tju61.png?width=1060&format=png&auto=webp&s=d014916d8e2d095c7d0e23f797df1007b63fe7c2 + +# At the same time, they have rushed to get a new SEC Head in during all of this occurring. + +&#x200B; + +[This happened of a Saturday.... but why?](https://preview.redd.it/rbft3tuauju61.png?width=1968&format=png&auto=webp&s=0fe8f72a5be4d63533380ed318f39ccf2dc7d4aa) + +# And currently, the DTCC is creating dozens of new rules and regulations (in regards to short interest, options abuse, collateral, etc.) + +[Link to DTCC site here.](https://www.dtcc.com/legal/sec-rule-filings) + +# Another thing that is super sketchy is how Congress has now called ALL big bank CEOs to testify in May in regards to unspecified reasons. + +&#x200B; + +[Just what in the world is going on?](https://preview.redd.it/w92n0llstju61.png?width=2614&format=png&auto=webp&s=e693a5d37220a8ccbf66264516ef43297a8ed3f2) + +**5.) While big banks are reporting record profits in 2021, they're also asking for billions in liquidity from investors and are working non-stop overtime even on weekends.** + +# Why would a bank who reports this; + +&#x200B; + +[Seems good.... right?](https://preview.redd.it/9myrjqqluju61.png?width=2718&format=png&auto=webp&s=351280cd96c5ca9141f41a678c6f7f69079e76d2) + +# Suddenly report this the very next day? + +&#x200B; + +[Why do they need the liquidity?](https://preview.redd.it/115ci57ouju61.png?width=2704&format=png&auto=webp&s=011994c5abe408702ab8e5b378e04c0e210b26fd) + +# Meanwhile, financial institutions across the globe are working hardcore overtime recently; 24/7 into the night even on weekends. + +&#x200B; + +[Citadel Traffic \(Google\)](https://preview.redd.it/uu43y86cvju61.png?width=1594&format=png&auto=webp&s=4b6a0b4f0f429a1197dfe080d2e3c03655c67a52) + +&#x200B; + +[Citadel, April 18 @ 4:20 AM](https://preview.redd.it/w449f8qjwju61.png?width=1110&format=png&auto=webp&s=952986c94eb410ac03f24c39da082e5b9d922bc1) + +&#x200B; + +https://preview.redd.it/nkq7z6nowju61.png?width=912&format=png&auto=webp&s=79509330421396a02e1812336163d374a44023bf + +&#x200B; + +https://preview.redd.it/xeafnocrwju61.png?width=1404&format=png&auto=webp&s=e86ff7c373667277ae1fd5b20a761a3410c1aa4a + +# These banks from across the globe, during a pandemic where most of their employees are required to work from home, are suddenly ALL working at their main buildings at bizarre times... + +# At the same time, banks seem to be preparing for riots in local areas for no apparent reason. + +&#x200B; + +[There's nothing happening in these areas, though...](https://preview.redd.it/k92jwqcqxju61.png?width=1308&format=png&auto=webp&s=3cdd014599311e2ae2e3dc1f9c7224634247575c) + +# [This Twitter user also captured a video on April 19th of dozens of police officers parking around the Department of Treasury for no apparent reason; doing nothing at the moment but stay at their positions.](https://twitter.com/maybe60794885/status/1384488283900719105) + +Once again, I'm going to state this; + +# TL;DR: Too much is going on right now in the financial world for it all NOT to be connected. And if Michael Bury and other financial experts are right, then the United States and other countries across the globe will soon be in a dire economic situation akin to the Great Depression. Where there is smoke, there is fire. +Which would have seemed insane to me 2 years ago but it feels so good to be in a position that I can actually turn down jobs that seemed unreal to me before. + +My current job pays $15 an hour plus I average 4 hours of overtime each week, so after doing the math I realized I would actually be taking a slight pay cut if I took the new job working a straight 40 hours a week. Factor in that I would be driving more than twice as much plus an unpaid lunch vs getting a paid lunch now and I'm actually better off where I'm at. + +Just over 2 years ago I was working for minimum wage, 6 months ago I was unemployed completely after getting laid off and borderline suicidal. I stopped smoking weed so I could get my current job, which was really hard for me but proving to be worth it. I guess I'm posting this just to say that things can always get better when they seem the worst and to not give up hope even when things seem hopeless like I almost did. +Given the many new holders, I am writing a few short primers on important Ethereum topics. + +**One of the cool new developments in the coming time, will be the switch to Ethereum 2.0.** So, in short, what's that about? + +*Phase 0: Beacon chain* + +This already launched, can you believe it? + +In short, this is a new "chain". Don't let that confuse you. Basically, it is a version of the Ethereum network that runs parallel to the one we use all the time now. + +It is not Proof of Work. So we don't need miners! Instead, people stake their ETH (read: lock it up) to validate the network. And they earn interest as a reward. + +See my primer here:[https://www.reddit.com/r/ethtrader/comments/mxktfp/in\_time\_ethereum\_will\_move\_to\_sustainable\_green/](https://www.reddit.com/r/ethtrader/comments/mxktfp/in_time_ethereum_will_move_to_sustainable_green/) + +*Phase 1: sharding* + +Gas fees are high now, right? 40usd for a trade on Uniswap? Gulp! + +What if we did not have on big network, but 64 smaller ones? I could work on, say, number 23, and you yourself on 56. + +Then it would be less busy on those, as compared to simply one network! Or: shard. + +And at the end, we combined the data from all those loose shard to one. + +Put somewhat more abstractly, this phase implements shard chains, thereby increasing the transaction throughput of the network **by a factor of at least 64.** + +*Phase 2: The Merge* + +Sounds ominous, right? Very cool name. + +Basically, in this step we do the following. We take everything that has been developed, as written about above, and we combine it with Ethereum as we know it now. + +**This is also the step that will reduce the current energy needs of Ethereum by 99,9%!** + +So the next time you read about how Bitcoin requires the energy of a country like Italy? Just smile and think about how superior Ethereum will be in a bit. + +There will be some other changes, like cross-shard transfers, execution environments, etc., but that is stuff for another primer. + +**Thanks for coming to my TED talk, haha. Add any relevant info below!** + +EDIT: find my other explainers here... + +EIP-1559: [https://www.reddit.com/r/ethtrader/comments/myydfi/the\_most\_exciting\_thing\_to\_happen\_to\_ethereum/](https://www.reddit.com/r/ethtrader/comments/myydfi/the_most_exciting_thing_to_happen_to_ethereum/) + +Proof of stake: [https://www.reddit.com/r/ethtrader/comments/mxktfp/in\_time\_ethereum\_will\_move\_to\_sustainable\_green/](https://www.reddit.com/r/ethtrader/comments/mxktfp/in_time_ethereum_will_move_to_sustainable_green/) +I was at the phone with one of the representatives just now. I have asked him ii could transfer or register shares via computershare. Of course he said no but also he said if enough people will request it, this can me done. +To my little understanding he was a little nervous about gme, not "understanding" at first. For me they know very well what's happening and are afraid af. +So call/write to etoro and let's push them for a share transfer + +Edit 1: some apes pointed out that their only proof of holding your shares is the link to your portfolio. But there is more. Someone asked if the buying shares on etoro affects its price. For this question nobody answered or avoided the question... for me this is ridiculous. I will write to the regulatory body of my country to dig deeper + +Edit 2: https://www.reddit.com/r/Superstonk/comments/q8lhnh/i_think_ive_pushed_etoro_so_hard_for_answers_they/?utm_medium=android_app&utm_source=share + +This guy had a similar call and had some ingeresting conclusion, check him out + +Edit 3: +https://www.reddit.com/r/Superstonk/comments/q8rvdj/urgent_get_out_etoro_they_hold_nothing_but_air/?utm_medium=android_app&utm_source=share + +This is a chat where they cannot prove share ownership... no fomo guys, no urgency but keep this in mind and do what is the best for you + +Edit 4: +https://www.reddit.com/r/Superstonk/comments/q8n0xw/morning_etoros_apes_looks_like_fosuk_is_the_way/?utm_medium=android_app&utm_source=share + +Somebody send them this email saying that he/she will do a complain to a regulatory body if etoro wont allow dsr +Almost every country in the world owes money. Several of the developed countries in the world like the US, Japan, Italy, even Singapore owes money more than 100% of their GDP. + +My questions are, +1. Why do countries buy bonds of other countries when they are themselves heavily indebted? +2. Is it almost impossible for a country to have a stable long term economy without going in debt? Even Germany has 50% debt w.r.t. GDP. Wtf? +3. Greece is in a crisis when their debt to GDP is less than that of Japan. Why? +4. Am I overreacting to these figures? Is having such high amounts of debt not that big a deal? + +Any input on these questions will be very helpful. +Using + +>Y = A \* K^(a) \* L^(1-a) + +where Y = GDP, A = total factor productivity, K = capital, L = labor, and (a) = input shares, is there any way to express A as a function of K/L? + +I'm curious because the aggregate capital-labor input ratio (K/L) would help illustrate the growth rate of capital relative to the growth rate of labor, unless I'm misunderstanding something? Any input would be appreciated, thanks! +FYI I'm not gatekeeping investing i think its great new people are starting + +I'm sure its already obvious but have you guys seen Instagram comments and the sentiment on social media? Theres a huge influx of people saying shit like 'How do you buy a stock it looks so fun' and 'someone teach me this investing shit'. Not to mention all the people saying 'Guys i did the math even if he bought the bottom DFV couldnt turn 50k into 20M'. + +This sub is already up a huge amount recently and it seems that retail trading is gonna become more and more mainstream and less for gambling retards like us. GME has really stylised trading and even people who dont know what a share is are making tons. Luckily unlike WSB this sub is still small enough that you can sort by new so Im not saying this sub is any different. + +I just wanna hear some thoughts about the future of trading cause all I fucking see on social media is people tryna get into it. +&#x200B; + +https://preview.redd.it/mdorqse355b71.png?width=1600&format=png&auto=webp&s=44da4634d4623a026508d8b3ee43800416d0e9b3 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/7g5rc0y555b71.png?width=680&format=png&auto=webp&s=144b3293ae6ab3caa03a81030a682c9d3a6475b8 + +The reverse Repo's + + +https://preview.redd.it/btcnsjaa55b71.png?width=700&format=png&auto=webp&s=af4fe69d3a8f7e8a860eb6fd8da01a675b411427 + +&#x200B; + +&#x200B; + +https://preview.redd.it/dv7lkuxr55b71.png?width=598&format=png&auto=webp&s=d64555cc76eaadca517a05162c1e6d247fcbefa3 + +# Now the SEC won't let me be so they passed new rules yesterday and lets go see. + +Yesterday the CFTC had a meeting and we got a couple of new rules! + +[https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf) + +[https://www.sec.gov/rules/sro/dtc/2021/34-92380.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf) + +[https://www.sec.gov/rules/sro/dtc/2021/34-92381.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf) + +Also our own u/leisure_rules made a post about it [here](https://www.reddit.com/r/Superstonk/comments/ojmur0/extended_summary_cftc_risk_meeting_and_proposals/?utm_source=share&utm_medium=web2x&context=3). + +also it seems that the DTC dropped a lot of rules about options yesterday... someone is prepping themselves for something 🤔 + +&#x200B; + +https://preview.redd.it/phqc92co85b71.png?width=450&format=png&auto=webp&s=4fb7c1baf88f1ea429448715df9b65e636c8123d + +# Someone may have found a link to RC's tweet and Susquahananashaaaa + +[https://www.reddit.com/r/Superstonk/comments/ojfm6n/rip\_dumbass\_tweet\_revisited/](https://www.reddit.com/r/Superstonk/comments/ojfm6n/rip_dumbass_tweet_revisited/) + +it's an interesting read and who knows it may be a refference to it + +# Inflation Alert! + + u/Dismal-Jellyfish made a post [here](https://www.reddit.com/r/Superstonk/comments/ojem8k/inflation_alert_in_june_consumer_price_index_for/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/g63muqgo75b71.png?width=602&format=png&auto=webp&s=dab59d348893ea4fae90d74552f09b22fd4ad78f + +&#x200B; + +https://preview.redd.it/qr3h05qs75b71.png?width=597&format=png&auto=webp&s=90bad03a4dd335cf2987b4650f6702b07f17cdae + +this one is a... yeah Jpow tell us how inflation isn't a thing now plz ? and how? + +&#x200B; + + + +# DTC Membership Update: + +Effective with the close of business on July 13, 2021 JPMorgan Chase Bank, National Association, #0902, will retire the following account: JPMORGAN CHASE BANK/CORPORATE MUNICIPAL DEALER. + +credit to u/Dismal-Jellyfish again <3 + + + + +https://preview.redd.it/bmpcrp9585b71.png?width=945&format=png&auto=webp&s=04f9346e8190a8bae8ebd554e1b52aeab9249d43 + +&#x200B; + +Also before we go just remember, Today is t+35 days from June 9th, the shareholder meeting. + +May be something, may be nothing but I'm playing "row row fight the powa" on full blast today with high hopes. + +&#x200B; + +https://preview.redd.it/lwyvhvqa95b71.png?width=554&format=png&auto=webp&s=0003c75621b7e29e6f863f676f2b9ed245a3b51b + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/bgqxdy7d95b71.png?width=400&format=png&auto=webp&s=3f038db1f36c3037f43335bcbc13930bd7ce76e2 + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Remember today is "bastille day", we might see fireworks, we may see something we may see nothing who knows. +(Mobile) + +I’ve been fortunate enough to be hired in a fully remote position. This means that I’ll be home basically 24/7. So, my SO and I have been looking at new apartments to have a little more space because our current office/living room/ kitchen/gym combo is super claustrophobic. I found us a place, no difference in rent but a big difference in square footage because it’s in a rural area. We filled out a joint application (we eloped last week), scraped together the deposit, and it seemed like smooth sailing. But now, the management office wants me to fill out my own individual application because I haven’t legally changed my last name yet which would be fine but my credit score is in the toilet. + +Long story short, I’ve been on my own since before I turned 18 (not by choice). So credit was already an issue for me but I had been slowly building it. This past year, I found out that while going to school and working abroad my Mom took out student loans in my name when I was 17 and pocketed the money for herself. She’s since passed and there’s no way for me to prove I didn’t receive any of this money because I can’t afford a lawyer, so I’m stuck with over $70k of debt and some went to collections while I was in grad school and I wasn’t aware. I only found out because when I moved back to the US, I applied for a Target Redcard and was flagged. + +It’s frustrating because it damaged by credit SO MUCH and there’s nothing I can do except slowly try and chip away at it for the next 10 years until I can apply for forgiveness. Like... I worked 3 jobs and applied to many scholarships to keep myself afloat and none of that matters. I’m only just now able to afford things like an actual cell phone plan and WiFi. I’ve worked so hard and it’s not like I’m ignoring any debt. But the management office straight up told me a low credit score is concerning (under 600) and could lead to them denying my application. + +I feel so bad because my SO loves this place and although he would never blame me for anything/ fully understands the tough spot I was thrown into, I can’t help but feel like I’m 17 again desperately trying to find a room to rent. I’m still going to fill out the application and just included letters of rec. from my former landlord, work, and a character reference. Has anyone else had success with applying to housing with low credit? Did you include an explanation of low credit? I’ve seen a couple of articles saying it might be a good idea but I’m not sure. My SO has a pretty decent score (he’s your typical white man with parents who helped him), could that help? + +TL;DR My credit score is ass cheeks and I’m frustrated about housing applications. Any advice is welcome. + +Edit: Greeting fellow terrestrials, I just wanted to add a little note on the bottom here regarding the hot topic of the student loan fraud. I appreciate the insight and advice I’ve been given, but I don’t appreciate the negative messages criticizing me. I’m doing my best with the extremely messy situation and things are not as simple as “you don’t have to prove you didn’t receive the money, the servicer does.” I’ve explored options, I will revisit some of them after speaking to a few of you, and will do what’s best for me and my new little family. What is best for me may look different than what you would personally do, and that’s okay! My Mom is a source of extreme trauma so I appreciate those of you who have been kind, empathetic, and provided resources/insight. Much appreciated. +If instead of privatizing land using land titles that give individuals land rights for an indefinite period, imagine governments instead sold 100 year leases. Every 100 years the land title would expire and the land would go up for auction again. Would this produce a more efficient market for land? +My parents own a house in St. Louis, MO and we have been renting to a family for the past 5+ years. They currently pay $600 a month for a 3 bed 1 bath in a urban area. That is a crazy deal as 1bed 1bath apartments in the area start at $800 monthly and go up from there. The house is fully paid off and has been for a while. We pay for utilities because that's how the city has the rules setup. My parents want to raise rent by $100 dollars and then wait two years and bump it up another $100. The tenants almost never bother us maybe 1 or 2 calls a year to go out and do repairs. We also plan to get them a new fridge and replace the fence in the next year as both are at the end of their life span. I want them to sit down and have a face to face conversation and have a civil conversation over it and looking for your guys opinions so we can take the best direction on this. + +My main question is should we raise rent? If so does the current rent raising plan sound fair? Or should we be raising it more than $100? + +Edit: Wanted to add another question because according to fellow redditer's Zillow is a bad way to find the rental market value in the area. What are your recommendations. + +Edit 2: Thank you all for your input. I just had a long discussion with it about with my parents. We plan on giving the tenants 60-90 days in advance, install in a new fridge, and raise the rent by $200. From $600 to $800. Also we plan on fixing the fence this summer. We think this is fair in the current market conditions. We are also considering after this raising rent by $50 each year and max it out at $900ish which is still 70%-80% of the market rate.(for our current tenants.) What do you guys think about this? +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot +) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot +) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot +) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot +) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | +| [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot +) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Hello guys, + +I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability. + +High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances. + +I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return. + +Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow: + +\- Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that. + +\- Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability. + + + +Thank you for reading. +(Bloomberg) -- Air Canada said it expects the impact of the pandemic to last at least three years and predicted large job cuts as it hunkers down to survive “the darkest period ever” for the industry. + +The country’s biggest airline, which on Monday reported a first-quarter loss, said it expects capacity in the third quarter to be 75% below last year’s level, from a 85-90% drop in the current quarter. It is accelerating plans to retire 79 planes and continues to look for ways to reduce costs and boost liquidity, it said. + +“We expect that both the overall industry and our airline will be considerably smaller for some time, which will unfortunately result in significant reductions in both fleet and employee levels,” Chief Executive Calin Rovinescu said in a statement. He described the situation as “the darkest period ever in the history of commercial aviation.” + +Air Canada’s “determination is to ensure that our company is positioned to emerge in the post-Covid-19 world as strong as possible and capitalize on the opportunities that will inevitably arise,” he said. + +In contrast to major competitors around the world, Canadian airlines haven’t yet received industry-specific support from the government. So far Air Canada has said it will use a 75% wage subsidy to keep or recall most of the 36,000 employees in Canada who were furloughed. + +For the first quarter, Air Canada reported a loss of C$1.05 billion ($745 million) compared to a profit of C$345 million last year. On an adjusted basis, the loss was C$392 million versus a profit of C$17 million last year. + + +https://www.bnnbloomberg.ca/air-canada-sees-pandemic-impact-lasting-at-least-three-years-1.1431037 +Posted this in Fiaus subreddit as well. This issue occurs in other countries too but this is my home country. Lucky my wife is Korean and the services there are very good too. Anyone else got any ideas though? +Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime +I feel a bit lost in my day to day life, and finding it hard to describe what it is. I've always downplayed my NW and investments a little bit as I made similar salaries to those around me. But recently I got an unexpected windfall that meant I reached FI (\~6mm NW). Other life events (bad ones) meant I had to take long leave from my job and because of circumstances I quit, and it was a good decision. Now I can no longer hide that I can live off of passive income. And that I already had the security to quit during the pandemic anyway. I'm not eating into any principle. + +This is a strange position to people who know me. I have told a few people only but feel fake if I keep hiding it, yet I don't know how much to reveal. In a few short months I feel like my concept of money already changed as I've had to think of bigger life changes. Been opening my eyes to the world of 'HNWI' which I hadn't really thought about before and the opportunities it opens. Been more giving overall too. More flexible about spending. Partly because previously my funds were illiquid so I could pretend they don't exist, and now they're liquid and accessible. Oh PS I haven't been on a FIRE journey even though I've been steadily investing... so finances and wealth haven't been a main feature of my thoughts and it's not a hobby like it can be to some. + +I dunno, it's like I feel my identity shift and I don't know how to be open and authentic about it all, while wondering if i'm being silly and if i can just be honest. But it's such an unrelateable situation to others around me and i know it's an enviable position when people feel underpaid, wish they had more time, or wish they had freedom to do xyz. My family were/are pretty dysfunctional about money so I don't know if I have some issues there too that are holding me back. But I found this sub where you're all so upfront about wealth so it's nice and i thought i'd ask you lol. And hope to find ease again. Like some of my wishes are big donations and helpful projects I plan to fund out of pocket but even so I still feel embarrassed/ashamed to tell people. Also I have a chronic illness and don't come across as someone who can work more than regular FT hours (I don't) so I feel as if i need to explain that as well... I haven't even been upfront about being relatively financially savvy and interested. I'm in my early 30s, female, in a job/industry/peer-group that don't talk about money so it's alienating. Man i don't even know what i'm asking, but hope to hear your situations re the topic title. And hope to learn from you all too. Thank you. +I’m 33 almost 34. + +I have the tsp going for some years now. I’m at 100k kinda late start. And I track the C fund which is the s&p 500. + +I put 1000$ a month right now into it. That’s with the Matching. I’m just gonna let that continue for another 20-30 years. Well until I get a couple years out and diversify that. + +I still have 500-1000 a month left over to invest. +I don’t have an Roth IRA. But I plan to start one once I liquidate some property in 5-10 years. + +So as of now. I’d like to start a dividend system. And reinvest the dividends. My grandfather built a really nice wealthy portfolio. + +His strategy, but brick and mortar companies that pay a good dividend and at minimum are 50 years old. Stay away from tech. +He doesn’t smoke, so he invests in tobacco, he never drank, so he invested in alchohol. + +And he invested in tire companies and waste services. He’s an old Italian guy from the 40’s in Detroit. Go figure lol. + +So I’m looking to some of the same things, but I’d like to modernize that. And In fact he’s about to die, so picking his brain is hard right now. + +Anyone do something similar? And can expand on his strategy? And maybe suggest a similar idea ? + +I am curious on if anyone uses fidelity fractional shares ? I set up an account with them. Haven’t moved any cash in yet. + +Thanks -Joel +[https://www.cnbc.com/2020/06/17/hertz-stock-amid-controversy-around-stock-sale.html](https://www.cnbc.com/2020/06/17/hertz-stock-amid-controversy-around-stock-sale.html) + + +* **Shares of Hertz halted trading Wednesday pending news amid the bankrupt company’s controversial stock sale.** +* **Shares were trading down about half a percent to $1.94.**  +* **The stoppage follows the Securities and Exchange Commission telling Hertz that the regulator has issues with the rental car company’s plan to sell stock.** + + +Shares of [Hertz](https://www.cnbc.com/quotes/?symbol=HTZ) halted trading Wednesday pending news amid the bankrupt company’s controversial stock sale. + +The stoppage follows the Securities and Exchange Commission telling [Hertz](https://www.cnbc.com/quotes/?symbol=HTZ) that the regulator [has issues](https://www.cnbc.com/2020/06/17/the-sec-told-bankrupt-hertz-it-has-issues-with-its-plan-to-sell-stock-chairman-jay-clayton-says.html) with the rental car company’s plan to sell stock. + +“In this particular situation, we have let the company know that we have comments on their disclosure,” SEC Chairman Jay Clayton said on CNBC’s [“Squawk on the Street”](https://www.cnbc.com/squawk-on-the-street/) on Wednesday. “In most cases when you let a company know that the SEC has comments on their disclosure they do not go forward until those comments are resolved.” + +Shares were trading down about half a percent to $1.94. + +Hertz filed for bankruptcy May 22, hurt as demand for car rentals dried up as travelers have stayed home during the [coronavirus pandemic](https://www.cnbc.com/coronavirus/). The stock hit a low of 40 cents intraday on May 26. But in the days ahead, shares began to recover and eventually surged to more than $6 per share last Monday. + +Following the increase, Hertz asked the bankruptcy court Thursday to allow it to sell up to $1 billion in shares, a last ditch effort for it to raise capital even though the value of the stock could get wiped out. The request [was approved by the court Friday.](https://www.cnbc.com/2020/06/12/hertz-granted-approval-to-sell-up-to-1-billion-in-shares.html) + +Hertz said in a government filing Monday that it would sell up to $500 million in common stock. It warned potential investors that it’s [almost certain that the equity will become worthless.](https://www.cnbc.com/2020/06/15/hertz-says-it-expects-stockholders-to-lose-all-their-money-in-filing-for-selling-more-stock.html) + +Such a sale is highly unusual for a company going through Chapter 11 bankruptcy proceedings since common shareholders, who are last in line when assets are allocated during court proceedings, may be left with worthless stock. + +The court, in its ruling, said the approval “in no event will result in the issuance” of the shares. The debtors are authorized, but not required, to sell shares of the common stock. + +The stock also could be delisted. Hertz in a public filing with the [SEC last week said](https://seekingalpha.com/news/3581821-hertz-to-challenge-nyse-delisting) that it has appealed a delisting request by the NYSE. + +Trading activity in names like Hertz has spiked on millennial-favored stock trading app Robinhood in the days following the bankruptcy filings, according to Robintrack, which tracks Robinhood account activity but is not affiliated with the company. +What would you do if you inherited or won $5 million? How would you invest it? Would you save it? Spend it? + +For clarity, this is definitely NOT my situation, just wondering what you would do. + +For me: + +* Spend $3 million acquiring 2-3 good blue-chip investment properties in Sydney, Brisbane and Melbourne. Paid with cash +* $1 million into S&P500, set and forget +* Small $500K apartment, keep $500K of "fun" cash +* Live off rental income from the 2-3 properties - probably would be like $2K a week or something. + +Thoughts? +Covering, and hopefully SHF forced liquidation, won't happen simultaneously to a market correction. it'll happen soon after. + +margin calls take 2 to 5 days. GME isn't immune to the market and negative beta isn't simultaneous. + +don't panic, do what we always do. buy the dip. then drs whatever you want to. + +buckle the f up. we are used to this crap by now. + +expect it, be ready. + +tldr: once again, we are in the endgame. today's the day. moass Monday? Zen mode engaged. need minimum characters. +I want to be clear. The point of this post is to discuss DRSing. It is not to bully people into it. This post was made with respect in mind. I am sorry if it does not come off that way. + +One thing that apes can do that would help the process along is to request Computershare to allow international apes create accounts through Computershare so that they may register directly. Apes can send CS a request through the investor portal on their website. + +I believe apes are doing a fantastic job and am only wanting to do better. According to DRS Bot roughly 98,100 GME Computershare accounts exist. Even if all of those accounts were apes from Superstonk, that is only 14% of Superstonk users. + +If every Superstonk user registered their shares this float would be locked EASY! There are 33,609,787 shares in the available float. You divide the float by Superstonk users and you get 48 shares per Superstonk user. + +Now I know that not all apes can DRS or have 48 shares and many only have 1 or 2, but that is ok. The average shares registered per account is 155.53 currently. This means that if all apes did what they could we would smash the available float. At the current average of shares per account only 216,099 or 31% of apes on Superstonk have to register the average amount of shares which is already happening. + +31% participation in any base is very high, but this in my opinion, is an all or nothing proposition. Unless the un-registered apes believe that buying and HODLing in brokerage accounts is enough, there needs to be better penetration into the Superstonk populace to kick off MOASS. + +I know this is a complete oversimplification of the way things work, but the fact that only 14% of Superstonk has registered their shares is a bit of a problem anyone actually wants apes to be the catalyst. In my opinion it is the silent majority. I believe that it is something like 10% of users create 99% of a forum or subreddit's traffic, and there in is the issue. How do the active apes create discourse and deeper penetration of the silent majority? + +At this point it needs to be all hands on deck. All apes are individual investors that make their own minds up, but I believe the majority of apes need to come to the same conclusion. The only way to do this is to educate and discuss. Bullying is not going to work and will tear our community apart. + +If you are an un-registered ape why? How do you think MOASS is kicked off or is just buying and HODLing enough? How do we have a discussion about this? + +**EDIT**: + +A lot of apes are mentioning that they cannot post to feed the bot. The bot can also be fed by posting your shares on the other GME subs. + +Also a lot of apes like to be anonymous and that is completely understandable. Apes are a skittish group and that is just how it is 😊 Having a lower number than reality is very ok with me! + +I also understand that a lot of responses are addressing the amount of Bots and shills in Superstonk. The number being thrown around is 75% of Superstonk is shills/bots. If this were true we still should be able to achieve roughly 80% of the float DRSd at our current trajectory. Good enough for MOASS. + +Euroapes, YOU ARE ALL ROCK STARS! The amount of work it is for you to DRS is insane and my hat is off to you! 😊 I do believe that the majority of Euroape shares are incoming which is encouraging! + +**EDIT 2:** + +Maybe u/Roid_Rage_Smurf would want to verify and make it more publicly known that you can post on other GME subreddits to feed the bot? It seems a lot of apes aren't aware of the bot being used in other subs. + +To make it clear the point of this post was to discuss why people aren't DRSing, I understand that the bot numbers are not completely accurate. It is actually beneficial if the bot underreports DRS numbers. I feel account numbers going up is the most important thing, but understand a lot of apes don't want to share that. + + + +&#x200B; + +**LETS FINISH THE FIGHT APES!!!** + +[Everything you want to know about Computershare and DRSing](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[DRS Bot website (computershared.net)](https://www.computershared.net/?bot=drsbot) + +&#x200B; + +\**This is NOT financial advice*\* +I took this screenshot right before it broke through my take profit. + +I've been learning about forex lately and based on seeing the EUR/JPY pair repeatedly testing the 200 EMA I just knew it would take a dive. I bet something like 25% of my paper trading account and made over $1600 (even though I normally wouldn't take such big risks normally). It feels really good to see some payoff to the learning I've been doing lately. Now I have to make it consistent. Not bad for a Monday night. + +https://preview.redd.it/mg637740nf581.png?width=1912&format=png&auto=webp&s=edc8f0d148423ca5b0bfb642fd87dd2723177e76 +tl;dr: When normal people hear about the crash of cryptocurrency market this time, they are going to remember last time it crashed, and now it's 10x more than it was the last time they heard about it, and this time they are going to buy. + +No fancy TA here. But rather a market psychology post. This is my 3rd crypto bubble. History tends to repeat itself, but I find that there are always a few things that are a bit different than you'd expect. And if you can figure out those differences it can sometimes give you an advantage when investing. + +I think the biggest difference between now and the last big mainstream crypto bubble is that the general public has seen this before. And I think they remember that the last time they heard about a crypto bubble the prices are now much higher. (I consider if main stream when it hits CNBC or FOX news, something big like that, and this time we hit both) + +It takes a few times hearing about cryptocurrency before you can wrap your head around it and convince yourself that it's here to stay. But once you do that it makes sense to put a little bit of your money into the market. The biggest thing people are afraid of is a Ponzi scheme that runs off with your money. Yes, there are plenty of those in crypto. But when people look at BTC (which is what they are going to look at) they are going to see that it's still there, and it's price has gone up. And when they read the news they will see big companies moving into this space. And rational people saying it makes sense to invest here. And most importantly, they will see credible companies behind a lot of this tech indicating that this is a real technology movement - and NOT a Ponzi. And that will make them feel more confident about the whole market. + +I predict that through the course of this correction you are going to see bargain hunters, and those who were interested in getting in a position, start to buy a bit of ETH. And that's going to prevent this from being a crushing 18 month downturn. And turn this into a shorter several month downturn. Let me go out on a limb here and say 3-6 months correction. If the cryptocurrency market cap is below 80 billion (today's price) in 6 months, then I'm wrong. + +There is plenty of innovation around the corner on the Big Chains. BTC has segwit. Whether you are pro or against, this is a software update that means things are changing. And Ethereum has Metropolis. The two biggest coins with the most marketcap will continue to grow and expand their technical abilities during this downturn. + +Most of these ICOs will bust. But I think a larger percentage of these are honest operators than most believe. Basically, the scammers didn't have enough time to launch really bad schemes yet. Nothing I've seen is as bad as the DAO from last year. And nothing has raised a protocol threatening amount of money. Bancors $150 million is a lot. It's probably too much. But it's *NOT protocol threatening in a 80+ billion dollar market. + +Yes, there are a few shit coins (not going to name names here). But there are also a few strong teams that are out to change the world. These teams are not going to run with the money. They are going to invest it in building out the ecosystem. We are going to have identity on the blockchain - or at least a few good attempts at getting it right - we will have advertising tokens, and we'll have more decentralized exchanges. And they are going to be making announcements during the correction over the next few months because the space is moving so fast. + +That's why I'm bullish. And that's why I'm holding. To each his own. I hope this post has been helpful for your own trading strategy. + +edit1: forget a *NOT +I've been an investor through two of the past recessions. I can't say if another one is looming, near, or not close at all. My ability to predict the market is as bad as anyone's. + +However, hearing all the fear and hype, and seeing the Great Flight to bonds and commodities and other instruments, it causes me to reflect on what I see happening now, vs. what I remember from the past. + +So, when real recessions were underway here's what I remember: + +1. People were not universally warning me to avoid stocks. If anything, bubble hype was so great that I was told I "couldn't lose" by investing in tech, or real estate, or whatever else was fashionable at the time. I remember one friend actually becoming angry when I suggested that real estate was as susceptible to market uncertainty as anything else. + +2. My company stopped giving out bonuses and raises, for years. People were laid off during successive waves of "restructuring". Recruiters called less often. Jobs were harder to find. Many of my friends had difficulty finding new work, or were out of jobs for months. There was a feeling of things "drying up". + +3. During the last recession, Europe became rather expensive to visit (1.47 EUR/USD in Dec 2008). In general, purchasing power felt like it was... less, though this could have just been psychological. + +In short, the recession environment made life feel like it was becoming more difficult. Whereas in the current climate, borrowing is still easy, interest rates are low, recruiters are calling, companies pay competitively, my friends are taking trips and vacations and spending their money. The only place I notice "recession" cropping up is in the news, over and over. + +I'm hopeful it stays there, but it makes me wonder how much of this is just fear levels reaching a fever pitch. Which could, I imagine, provoke the very thing everyone is afraid of, if the market depreciates assets too severely and everyone begins to panic. +i finally bit the bullet and paid off the remainder of my cc debt which was about $2k. i’m sick of having to account the monthly payment into my budget. it was 0% interest but i wanted to start the new year off right instead of dragging it out another year. i finally got some cushion in my funds, and i saw someone say money in the bank with debt isn’t really money in the bank. so i will be sure to be quite frugal over the next month or two until i can build back up to where i was. never again will i aimlessly purchase things i cannot afford and let in accumulate. it’s over, finally. +Now that I have some extra money I can use, I am planning to invest in crypto this year. I’m planning to buy some through binance (but if you guys have suggestions then that would be awesome) then will probably hodl or try my luck with trading. With this, I’m thinking of using Bybit or Kraken. + +I don’t have a lot of money to use though, so I feel a little discouraged. Will $300 be enough to start? What’s the best strategy to get good gain from crypto? I only have Youtube to rely on when it comes to researching so your thoughts will really help. +What did you when Lehman declared bankruptcy, did you stop selling premium or were you greedy? + +Was it easy to see that a recession and a crash was coming after Lehman bankruptcy? +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | | [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +So basically I liquidated all stock holdings, locked it I to a C.D. , redirected my 401k into all cash . I suspect that this market has been topping for 6 months now and that a major correction (-30%) is on the horizon sometime between now and January 2020. + There is so many geopolitical concerns out there along with unprecedented corporate debt which is been used to buy back stock, so insiders can offload their stock/options for huge fortunes. A weakness in earnings, the longest bull run in history, a softening housing market as demand dries up even though we have record low interest rates. I believe that we lost a generation of housing buyers (millennials) due to crippling student debt. + What's your take on this market? I know almost everyone believes in dollar cost averaging in low cost index funds but to side step a major correction would be better. No I dont have a crystal ball, just more than a hunch. + +Edit: Didnt mention that I bought 280 spy puts, expiration Dec 2019, little under water right now. +I'm looking to retire in 6yrs. The CD rate that I have is 2.7% which is monies I have in a taxable brokerage account. My bad when I said 401k went to all cash , it's in a 3% fund that invests in bonds and treasuries, I looked at this as basically been cash which I was wrong. I live in NYC metro area. Thanks for all answers , very interesting. I'm not trying to time the market but more of peace of mind. Peace to all. +SCHD is brushing against the 52 week low. As a newbie to dividend investing is this a good entry point? This fund seems stable vs individual stocks. What's the potential downside I don't know about? +Being there it’s the new year, kinda wanted to start making changes and stop the ones that obviously haven’t worked. + +Generational poverty sucks and can’t wait to break free from it. But for me, something that I still can’t seem to understand his how immigrants can come here often with nothing, with no connections, a language barrier, no credit, no savings, no real skills, some with the inability to get a job legally and yet some of them are doing ok for themselves out they are they doing something special? + +I have nothing against these people, I’m actually surprised and happy for them but I’d seriously like to know. +If you are familiar with the Tyranny of Choice, I have coined The Tyranny of Opportunity to describe my FatFire problem. + +I _can_ to.... Anything. + +Start the crypto idea? Ok. +Pursue the Metaverse idea? Ok +Launch the local honey ECommerce idea? Ok +Ignore it all, and focus on the day job? Ok +Do nothing and actually 'enjoy life'? Maybe + +And for each of them I have invested a lot of time, and a little money to prove enough that each one _could work_... + +And this causes me anxiety, and stress, and I swirl in my own thoughts. + +Perhaps analysis paralysis, but personal. + +Anyone worked through this, as they transition to the RE part of the story? +I have a bunch of savings (£11k) that have accumulated over the last few years. Its all in cash and now i want to do something with it, i’m happy to pay any tax etc but HSBC said they won’t let me deposit it without proof of where it came from. +I’m a bit stuck. Would love any thoughts from this group. + +UPDATE: This group came through like I knew it would. Thank you all so much for your suggestions. I managed to deposit a smaller amount in to another branch and will do the same again over the next few months. My plan is to close the account and move to a more ethical bank as soon as possible. +Full tweet is "I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board." +He goes on to say. +"He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon!" +[Here is a link to the tweet.](https://twitter.com/paraga/status/1511320953598357505?s=21&t=5xpJeKF-FsakkYSPvLeaNg) + +Musk tweets, "Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!" + +[If you missed it.](https://reddit.com/r/stocks/comments/tvyoxd/elon_musk_takes_92_passive_stake_in_twitter/) Yesterday It was announced of Musk taking a large stake in Twitter. + +How does everyone feel about this? +*If you haven't read* [*Part 1*](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/) *yet, please do so. Part 3 can be found HERE (https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/) Part 4 HERE (https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/) and Part 5 HERE (https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/). You can read my DD about Auto Loan Asset Backed Securities (ALABS) here (https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/). + +Welcome back everyone. This has been a wild couple of hours. First of all, I wanted to make a correction to my original DD that has been addressed in comments since then. + +There is still some confusion about whether federal student loans can be packaged into SLABs. I've seen conflicting sources on this issue. In my original post, I was under the impression that modern day federal loans can be packaged into SLABs, which I now believe is incorrect. As far as I understand, **only FFELP federal loans (pre-2010) and private loans can be packaged into SLABs**. FFELP loans are essentially a hybrid type of loan: they are issued by private companies, but are backed from guarantees by the federal government. *The government technically owns these, and so they are able to be postponed*. However, the FFELP program ended in 2010 under Obama. Modern day loans sit on Department of Education books and can't be packaged into these securities. However, that doesn't mean FFELP loans are gone completely - 11 million people still have outstanding FFELP loans worth about $245 billion, and this combined with the private sector (which makes up about 10% of all student loans) still means there are a SIGNIFICANT number of SLABs out there. More than enough to have a major impact on the economy. Additionally, if you were to refinance your modern DoE loan to get a better interest rate, that loan would *turn private*. So really, SLABs aren't going anywhere. Not to mention that like we saw in 2008 with mortgage backed securities, I theorize that the market for BETTING on these SLABs is many times larger than the SLABs market itself. Therefore, the main thesis in my original post remains unchanged. + +Another small hole in the original theory is that *only government loans* can be considered for postponement and/or forgiveness. This basically takes private student loan SLABs out of the picture for decreasing in value *due to postponement* like I originally theorized. However, these SLABs are still worth discussing as there are *many other ways* they can decrease in value, which I will get into here. However, the hundreds of billions of dollars worth of FFELP loans still out there (and the theoretical but likely much larger market that bets on these loans) are still subject to this added pressure, so the original thesis still holds its strength. Now, let's continue. + +Now, for Part 2. + +It's time to talk about ratings agencies and how these SLABs may theoretically be downgraded. There are several major private companies who's entire gig is executing SLABs on behalf of the DoE. According to [this source](https://www.opendemocracy.net/en/oureconomy/wall-street-has-been-gambling-student-loan-debt-decades/), *"Corporations such as* [*Navient*](https://www.navient.com/about/investors/debtasset/)*,* [*Nelnet*](http://abs.nelnetinvestors.com/debt-securities/nelnet-student-loan-trust/default.aspx)*, and* [*PHEAA*](https://www.pheaa.org/about/investor-information/frn-trusts.shtml) *service outstanding student debt on behalf of the Department of Education. These companies also issue* [*Student Loan Asset-Backed Securities (SLABS*](https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp)*)* *in collaboration with major financial institutions like Wells Fargo, JP Morgan, and Goldman Sachs. For these firms and their creditors, debt isn’t just an asset, it’s their bottom line."* Woah. Those are some familiar names in there. + +In Part 1, I discussed how a downgrade would really mess up these companies' bottom line: some companies are required to only hold AAA-rated securities, so a downgrade would mean massive selloffs. Well, I already showed how these SLABs are drastically overvalued and are about to come back down to earth. But somehow they're still being rated AAA. Sound familiar again? It's like we're at the point in the Big Short where we know all this dogshit wrapped in catshit is worthless, but the underlying securities' value is still maintained. Why? + +Enter, *The Big 3*: Moody's, Standard & Poors, and Fitch Ratings. These companies are designated by the government as *nationally recognized statistical rating organizations* responsible for rating SLABs. Basically, they're **supposed** to be unbiased and rate these SLABs properly to mitigate risk. Well that's all fine and dandy. But remember: bond issuers also pay to have their bonds rated. That means these guys are ALSO paid by Navient and Nelnet, (those private companies that create SLABs from private student loans and ALSO help execute FFELP loans) to rate SLABs. Sounds like 2008 all over again. Basically, the ratings agencies are being paid by SLABs creators to rate the quality of their SLABs. Huh. No conflict of interest here, right? And like I mentioned before in Part 1, most companies can only hold AAA-rated securities or they would have to offload these SLABs. See where I'm going here? If Navient and Nelnet want to sell their SLABs and make money, these SLABs need to be AAA-rated. Moody's, S&P, and Fitch make money from these companies so they want them to succeed and buy more ratings, and the cycle continues. + +Another reason why I believe SLABs are losing value: those big names I mentioned before are starting to RUN. This one is thanks to u/P_willicur. Thanks for the DM man. It turns out that [Wells Fargo recently completely exited from the SLAB market](https://www.americanbanker.com/news/what-wells-fargos-exit-from-student-lending-means-for-competitors). Hmmm. To me, one of the first big signs of a crash are inside actors exiting. They know something's up. + +Below are some more reasons why these private SLABs and FFELP SLABs are losing value. + +Now, like I mentioned before, private SLABs are not subject to becoming devalued from postponement. However, these SLABs are still ***drastically*** overvalued. One of the reasons is from that Pay As You Earn plan I mentioned in Part 1, aka Income Based Repayment (IBR). Again, if you haven't seen Part 1, these IBR plans have grown *exponentially* since 2008. A major, major downside of IBR like I mentioned was that loans take much longer to pay back. What does this mean? Well, it means that interest accrues drastically over time. These loans can potentially become **more** expensive in the long run: because IBR payments pay a smaller percentage of the loan, the interest rate begins to snowball. This could lead to an increased level of defaults, which thus devalues these SLABs as collateral. + +Second, I mentioned earlier that private SLABs can still be federally guaranteed via FFELP loans. This ties into what I just mentioned previously. A drastic increase in IBR since '08 has meant increasing risks of default. This increased risk poses a threat to the investors of these SLAB creating companies, which would drastically devalue these companies themselves. This PDF ([https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3631953#:\~:text=Student%20loan%20asset%2Dbacked%20securities,as%20a%20marketable%20financial%20instrument.&text=This%20is%20because%20there%20has,loan%20discharge%20via%20bankruptcy%20proceedings](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3631953#:~:text=Student%20loan%20asset%2Dbacked%20securities,as%20a%20marketable%20financial%20instrument.&text=This%20is%20because%20there%20has,loan%20discharge%20via%20bankruptcy%20proceedings).) goes into much greater detail. I would HIGHLY RECOMMEND you read it in its entirety. It is simply mind blowing. I literally felt like Burry reading it. Anyways, here's a relevant quote: *"However, there is a very real possibility that—even if forgiveness rates remain level—a spike in borrowers entering forbearance or deferment, being forgiven of their loans, or defaulting on them could result in SLABS issuers 'failing to repay investors\[,\] . . . something that has never happened before' but may well be on the horizon."* Woah. A spike in forbearance or deferment? Hello, Covid. Due to the Covid-19 pandemic, there has been a drastic increase of borrowers entering forbearance. This has devalued these SLABs drastically. + +Third, there have been recent challenges to the near-impossible legal process of discharging student loans. *Rosenburg v. New York State Higher Education Corp,* decided recently in January 2020, is one of these recent cases. Essentially, what this case did is redefine an outdated standard of what constitutes valid grounds to discharge a student loan. The case received significant media attention, and made people aware that they could in fact legally challenge their student debt. The PDF reads, *"Indeed, at the time of this Article’s publication, at least two federal circuit courts of appeal have determined, like the U.S. Bankruptcy Court for the Southern District of New York did in reexamining its Brunner holding in Rosenberg,* ***that student loans are indeed dischargeable in bankruptcy proceedings****."* This is pretty huge - this case now allowed for student loans to be discharged during bankruptcy, a standard that was not previously established. Again, this has been compounded by the pandemic. + +Fourth, similarly to 2008, these fuckers have been giving out loans to EVERY. ONE. The PDF reads, *"For example, SLM Private Education Student Loan 2009-CT Trust, a SLABS product created from loans issued by Sallie Mae \[now known as Navient\], consists of more than 40,000 loans made to students attending unaccredited trade school programs, such as truck-driving school, cosmetology school, and even dog-walking school. Our mentioning the educational programs attended by the borrowers whose loans backed the SLM Private Education Loan Trust 2009-CT is not meant to disparage these borrowers. It is, however, meant to highlight the risk of default among borrowers of private student loans."* Well I'll be damned. Sounds awful similar to those guys in 2008 giving out mortgages to literally everybody. These SLABs truly are dogshit wrapped in catshit. + +Fifth, the postponement of these payments by the government and the skyrocketing unemployment rate pose a significant risk. The PDF continues, *"Even with six months of student loan relief provided in the $2 trillion package of the CARES Act, there is every reason to believe that skyrocketing unemployment will lead to dramatically increased student loan default rates when the relief ends on December 31, 2020. A spike in this default rate in a short period of time will undoubtedly strain SLABS issuers’ ability to pay their investors on a scale that has never before been seen."* Holy shit. And now due to the new Rosenburg doctrine, many defaulters will turn to these bankruptcy courts for relief *and will win.* **Loans that are likely to be defaulted on are no longer good collateral**. This decreases the values of SLABs EVEN FURTHER. + +I'll leave you all with a final bullish quote from this source. *" It is likely a question of when, not if, the SLABS market will collapse, and when it does, private student lending will be crippled, carrying serious negative effects for student borrowers and the colleges they attend. If the 2008 recession was any indication, these developments could happen very quickly and ripple into the rest of the United States’ economy, due to the sheer size and scope of student loan debt in relation to overall consumer debt."* Yup, you heard it here first. Prepare for 2008: The Remix. + +&#x200B; + +Again, thank all of you beautiful bastards for reading. I appreciated all your comments on Part 1, and will appreciate them here as well. +Hi guys, +I've read somewhere on the board that once you buy securities (i.e. shares) through online broker and if the broker goes down, you still will get to keep your securities. + +How does this work? Is there some sort of a global registry of securities holders? Given the long-term investment period (let's say 20 years) how can you be sure you will not be locked out of your investment? + +Thanks for help. I'm a newb thinking about dipping my toes in the investment game. +There has been a bit of a debate on this subreddit about the role of decentralisation in crypto. I believe that decentralisation is the **ONLY** point of crypto. + +Crypto has so many comparable non-crypto centralised alternatives, which can provide the same features. Here is a small list of features that crypto can offer, and a centralised/non-crypto alternative: + +* Store of Value - Gold +* Transfer of money - PayPal/CashApp/Payoneer +* Yield products - Bonds/Some investment trusts +* Investment opportunities - Stock market +* NFTs - ownership papers +* Privacy - Cash (admittedly weak, I’m not an XMR shill I promise) + +I’m sure I’m missing a few, but my point is that one can access all of these features in a centralised manner. What crypto offers is the ability to access all of these features in a trustless way. I.e. You no longer rely on PayPal to “allow” you to send and withdraw money, it is all done by the network instead. The only differentiating factor between these centralised options and crypto is that crypto does not rely on companies/middle men. + +**All other features of a crypto, say fast speed, low fees, and any other great technical advancements, are just a means to make the decentralised product better, but are not the main feature by any means.** + +Take BTC. It sits at #1 because it is the best store of value of any crypto, but the reason it has any value in the first place is because it is decentralised. + +**Decentralisation gives fundamental value, other features enhance that value.** +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! + +We were talking about investing and I shared with him some of my thoughts (and some evidences I guess?) as to why I don’t trust the market right now. + +I was asked if I held any stock at all. +I then told him I’m kinda all in with GME. + +He was like: “Why? 😅” + +I made a quick summary of the DD to him (no need to deep dive here. All things 🦍s know) + +His reaction was: “So, you read it on Reddit? 😂” + +I was like: “Yeah man, happy to share with you some stuff via email also” + +He kept laughing at me. I kept quite. +Inside me I had Mark Cuban’s “All you need is to be right one time, just one time”. + + +TL;DR +Buy, hold, vote for me guys too. I was made fun in front of a table full of friends and I girl I really like. I kept cool, in the end I don’t need to proof anything to anyone 😎 + +I know it’s just a little thing,in the end, and no big deal. +But I also thing that these little behaviors, compounded over the years, fucked up our system. +I'm 26 years old and in great health, but let's say I die in a car crash - what do I need to do to ensure my savings and assets go to a preferred beneficiary? I have a decent chunk in savings that I would like to go to select family members if something were to happen to me. Any advice? +Effective January 1 2017 Wells Fargo will no longer have product sales goals for retail banking so employees can focus more on the customers. + +Source: http://www.forbes.com/sites/laurengensler/2016/09/13/wells-fargo-to-end-sales-targets-after-fake-account-scandal/#4ac5b9d822dc + +I mean, this stock breaks all common sense in investing. Im averaging up as each day passes and i still feel its a bargain everytime i hit that sweet buy order button. + +As time has passed since january i have gradually converted my portfolio into a 100% GME based one. In the beginning it felt a bit risky, but for every great DD i read, it calmed my nerves some more and i honestly felt some FOMO and just had to buy and hold more to not miss out. + +Nowadays i’m so zen that there are days when i don’t even check the live ticker. And since i have a price alert set at 50k it is in itself soothing, since the current price is just not right (the price alert is not for selling obviously since it is nowhere near the floor, but for cracking a cold one and getting ready for some real action). + +Does this mean i have completed my evolution into a true ape? + +Edit: Yes, this is partially a repost from a post i made from a couple of months ago from r/gme (this was unfortunately one day before the great forum slide) +I have added some text to further describe my current feeling. +Feel free to downvote this as im not interested in karma but i wanna spark a conversation making other apes have a forum that can spread zen or helping apes cope with their stress. There is no need for calling me bad things and lashing out your inner rage at me... + +If you want me to delete this, i gladly will, but just be civil about it please. +Yeah, i'll fuckin' ask it... even if it is a stupid question. Fuck off and what of it? + +Seriously though.. what's the figure? Is it $ or % based? + +Love always, +Me +My poor Dad finally lost his battle with alcoholism a few days ago. He was only 48. I’m struggling, but I have to deal with his personal matters and estate so I need advice from y’all. I’ve seen similar posts on here but I’m struggling to find them. Apologies if this isnt the right sub. + +I want to preface with the fact that I am NOT good with large sums of money, or money in general. I’ve been in poverty for the last 10 years so anything I get I typically spend to make it through and occasionally treat myself. I’m finishing my last semester of grad school now so money won’t be as tight starting January of next year… + +Now, I am almost 100% certain I am his beneficiary for his pension and life insurance policy through the operators 101 union. Benefits office can’t tell anyone and the beneficiary will find out via a letter… whenever? Idk. I’m pissed. Such an antiquated system. + +Anyways, I see my father has about 87k in his pension. It’s vested. I’ve been trying to understand how these pensions work and how much I can anticipate to receive. More than likely it will be 100% lump sum but idk how much that would be. I plan on splitting the amount with my younger brother. Dad has a life insurance policy but I figured all that will go to laying him to rest. I have no idea how much it will be. + +Now, my question for y’all is… what do I do with this money from the pension? I need savings, as I have none. Do I need to hire someone to help me? I’m so overwhelmed with the responsibility and I’m scared of doing the wrong thing with this money. + +Edit: Grammar and typos + +Edit 2: wow, thank you everyone for the response. I’m slowly going through and responding to everyone. I didn’t anticipate this much help. I’m feeling grateful for every response. + +Also, I am a woman. Not that it matters but there is a lot of assumption that I am a man. My father did not have really anything in probate assets.. he has two vehicles that aren’t worth jack. One of which I think he still has my mothers name on the title even though they divorced in ‘97. Does not own any property and never has. No other investment accounts or random money floating around. So I’m still not sure if it’s worth getting a lawyer. I kind of want to do it to cover my behind. +Amazon just announced that they will stop accepting Visa cards issued in UK. Stock is down about 5% this morning. I believe it is an overreaction for two reasons: 1. Amazon UK market is not a huge % of Visa’s revenue. 2. They are likely to come up to some agreement re: fees. + +I have an Amazon credit card issued by Chase. It is Visa. As far as I know it is the only Amazon specific credit card out there & I haven’t heard about it going away anytime soon. + +Now, I have V stock but it is about 2.5% of my total portfolio. So I am not very concerned & even considering buying more during this dip. Any opinions? I am open to being schooled :). + +EDIT: interesting that Mastercard is down 4%+ today as well. I would have though that this piece of news would send it higher. +Finally, after two years of sleeping on my mattress on the floor, I've been able to buy a platform bed for $125 at my local thrift store. Not an easy feat because these things are hard to find! I had to get a platform bed because there's no way I could bring a boxspring home in my tiny gas-sipping car. A platform bed is easily dis-assembled into manageable parts that I could take home. + +I am so happy right now, feeling just a little less noticeably poor and more normal, without breaking the bank. Thanks, fate! +https://www.indy100.com/viral/stripper-recession-empty-clubs + +Some strippers on Twitter said they think recession is guaranteed - because the strip clubs are suddenly empty. On Thursday, a woman who goes by @botticellibimbo on the platform said the following about the clubs: "The strip club is sadly a leading indicator, and I can promise y'all we r in a recession, lmao." "Me getting stock alerts just to decide whether it's worth it to go to work," she further wrote in a subsequent tweet. People took to the comment section of her post to confirm her sentiments about the strip clubs, as well as their own experiences in other industries that seemed to be declining. "Nah fr, reading all these articles journalists and economists are like we're not in a recession we might not even get one this year or next…like the club is dead babe wym," one wrote. "Tbh, I think we've been in a recession since fall 2020," another added. A third wrote: "It's getting expensive out there. It's probably gonna get worse, unfortunately," another added. + +Someone else, who is a "mail carrier," wrote: "' I'm a mail carrier and have noticed the lack of volume of packages coming from one of my customers that has a home business. S****'s gonna get worst smh," someone added. According to data from the market research group IBISWorld, it estimates that the profit for US strip clubs has declined more than 12 per cent to $1.4bn (£1.2bn) in 2018, which is down from $1.6bn in 2012. The research group also noted that the annual revenue growth at US strip clubs was 4.9 per cent between 2012 and 2017. It eventually slowed down to 1.9 percent from 2013 to 2018 and is projected to face another decrease at 1.7 per cent by 2023. Revenue in the industry is also estimated to have decreased 17.4 per cent in 2020. +[Original post](https://www.reddit.com/r/povertyfinance/comments/hs82tu/whats_the_fucking_point_of_insurance/) + +Some things have happened since my post. I love reading updates, so I thought I would add mine. + +So, the week the storm hit and my tree was half on the ground, I reached out and told my insurance company what had happened. Lady #1 was the person who told me that they would not cover it because there was "no damage done to the roof". + +One of my neighbors (long time adjuster) told me to file a claim with insurance anyway, and to tell them to come out to inspect my roof. I did. In the mean time, my neighbors pressed me to get the tree removed ASAP. I called 3 different tree removal companies and 1 independent (licensed) contractor, their quotes and timelines were as follows: + +Company A: 12.5k - "Late September" + +Company B: 6.5k - "Early October" + +Company C: 6k - "October, maybe later" + +Independent contractor: 5k - "next week" + +Obviously, I went with the cheapest guy who could remove it ASAP. While he was removing it, the adjuster came by and got on my roof. Turns out there WAS damage. A giant scratch I couldn't see from the ground from one of the branches the night of the storm. Completely cosmetic, $409 to fix. So... because there was damage to my roof, insurance paid for it, all $5,409 of it (minus my deductible). + +I shit you not, 10 days after my tree was removed, the [Derecho Storm](https://en.wikipedia.org/wiki/August_2020_Midwest_derecho) came through Iowa. 140 mile an hour winds tore through and left us (and many other people in Iowa) without power for weeks. My hometown is still recovering, a lot of my old high school friends are still without internet. If I did not get my tree removed, that thing would have gone into my house and the neighbors, it could have killed someone. + +I cannot express to you how happy I was that I got that damn thing removed before the storm hit. Up until the Derecho, I kept saying how unlucky I was to be dealing with this, now saying "holy shit, how lucky am I that I had the chance to remove it before I didn't have an option." + +Lessons learned: Read your damn insurance plan. Ask questions and press insurance to inspect. + +&#x200B; + +edit: There's a lot of shock on the cost of the tree removal, so I broke it down in a couple comments but will put it here: + +* 65 foot oak with no other trees around it so it grew up and out +* Crew of 3 came in on Friday, Saturday, crew of 7 came out on Monday and Tuesday, Wednesday the trunk was removed. +* Wood chipper (2 days) and crane (1 day) +* Everyone was insured +* Local saw mill sent someone out to collect the trunk, his words, "I saw it's size and almost drove off because it won't fit on my saw mill". It fucked up his hydraulic lift when he was removing it, he estimated it weighed 12,000lbs +* The trunk was so big when it came down it put (3) 1 foot craters in my yard that took 6 bags of top soil to fill. + + + +TL;DR: Trees are expensive. +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 daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Please update the european sites to be more like the US one. The european sites are shit and we can’t get the graphics cards and stuff over here. + +I just want to buy a complete setup+PC from gamestop. +🥺🥺 +I was asked to share this here as well. OP was in r/CRedit [https://www.reddit.com/r/CRedit/comments/k6ll9b/bankruptcy\_dropped\_and\_my\_credit\_score\_hit\_over/](https://www.reddit.com/r/CRedit/comments/k6ll9b/bankruptcy_dropped_and_my_credit_score_hit_over/) + +Back after the 2008 recession was in full swing, it caught up with my job driving a truck locally delivering building supplies (remember the housing market crash...yeah..). So I ended up filing bankruptcy (Chapter 7). I kept my furniture debt and my house. My credit score actually went up when I filed due to the debt dropping off. It went from the upper 500s to the lower 600s (So bankruptcy doesn't always ruin the score). Keeping the house and furniture was a big help in getting my credit building right away. We dumped around $24k in credit card debt. I had canceled cards long before this trying to get out of debt, but the recession messed up everything with my job hours going from overtime to part-time over several months. + +After the bankruptcy, I stayed away from credit cards for a couple of years following the Dave Ramsey mindset. However, on a long road trip our debit cards were both compromised and canceled without us knowing until we were halfway through while trying to buy some food in a drive-thru. We had enough cash to pay for the food and get the gas we needed to finish the trip to her parent's house. From there we took care of things, but I realized we needed a credit card for situations like this. I have four kids, and if my wife is on her own I can't have her stranded without anything if this repeated. So we got some cards. We started down the same path of maxing them out ($500 limits), but after a short while, we had enough. I was not going to be controlled by credit cards. + +Together, 10 years from our bankruptcy, we now have over $142k in credit card limits, and we pay 0 in interest. We report \~1% usage depending on what clears just before the statement date (use cards for everything we can). We use credit card rewards and avg over $1k a year in cashback. My score climbed to the lower to mid 700s over the last few years, and last month when the bankruptcy dropped my Fico 9 Equifax hit 810. My Transunion Fico 9 is 790. Those are the only two I can get for free (only FICO 9's). We just refinanced the house @ 2.125% for 10yr. We should be completely debt-free within 4-5 years if we do right. God is good! + +I don't have many places to share this, so I wanted to share it here for those who might be in a similar mess. You can come back and be stronger! + +\*All scores are considered FICO. + +\*\*For reference: I'm 36, and was 26 when I filed bankruptcy. Household income went from the mid 40s to the lower 90s over the last 10 years. My wife no longer works a public job, and homeschools (before Covid hit). I have around $10k in savings and $50k in my 401k. Been married 15 years (to the same wonderful lady!). + +\*\*\*For those that want to know the change in scores: + +According to Citi where I monitor my Equifax FICO 9: Aug - 739 | Sept - 739 | Oct - 810 + +My Barclay card is Transunion FICO 9 I believe: Aug - 738 | Sept - 735 | Oct - 784 + +[Experian.com](https://experian.com/) FICO 8: Aug - 719 | Sept - 758 | Oct - 765 + +Score 9 has more impact by it dropping I think. Also, Experian dropped it in September, and the other two in Oct looks like. Nov 10 was the 10yr mark. So it did drop some early. + +*UPDATE: Thank you all for your time and comments. I didn’t realize this would hit as much interest as it did. I really appreciate it. The rewards as well. Made me feel really good. + +*UPDATE2: I decided to add up this years rewards, and we hit over $1700 primarily utilizing 5% amazon card, 5% Walmart card, and the 2.5% alliant card. I had few others I used for part of the year, but this is my normal setup going forward. +I’m going to start off by mentioning that I know next to nothing about how energy tariffs work. I’ve been using pre-paid meters up to this point. + +[Her monthly direct debit payments are £315](https://i.imgur.com/kFZqyux.jpg) + +[Her highest monthly spend this year appears to be £189](https://i.imgur.com/tXdbUyM.jpg) + +[It also states that her account has £1,716 in credit](https://i.imgur.com/jeDeFNR.jpg) + +My question is… *what* in the blazes does this shit mean, and can I speak with her provider to get the monthly payments reduced and in line with what she actually spends? +I’m 19 years old and currently attending a CC and was looking for starter credit cards to start building my credit score. I read that I should first make a credit karma account just to make sure if I do or don’t have a credit score. + +Well I made the account and found out that I have a I have 772 credit score. Basically my parents made me an authorized user on their credit card about about 1.5 year ago and have been building my credit for me. I use the credit card all the time but I never thought that it was my own credit card. I’m really grateful to them for it because they know how important credit score is in the adult world. + +My question is: Should I still look for a new credit card under my own name or should I continue being an authorized user under my parents? + +Edit: Thank you guys for all your advice! I’m going to remain an authorized user under my parents credit card. I’ll also be getting my own credit card as well. I read every single comment and appreciate all the advice! +Yup got my rents this month, all I hear are my finance friends freaking out about how their stocks are down should they sell etc. + +Don't hear a single one who said oh it's so much work being a landlord why would anyone want to do that? This right here no matter what people need a place to live. + +Hopefully tenants can keep working. +Be safe out there. +I got a debt consolidation loan!!!!!! I'll go from paying $456 a month to $335.41 a month and pay off $13.5k in 4 years at 8.25% interest. + +4 credit cards consolidated to one loan using my hometown Bank with their unsecured personal loan offer. I had to get a co-signer but man, it feels so nice to drop those huge interest rates. My Amex card alone was something like 24.9% APR. +Ill start. + +&#x200B; + +People i know ( mostly coworkers) who complain about the price of fuel, more specifically diesel, and that they dont want to keep paying high diesel prices. So to counteract that for work purposes they will go and buy a old very used 4 cyl petrol car, while still keeping their diesel ute. ( this would be different if they sold their diesel ute) + +&#x200B; + +And thankfully i hold back from saying anything, but there will never ever be any logic or financial literacy to go in an example like that as the cost of buying another/ used car will far outweigh any savings at the bowser that may happen +I have been watching O for a while already have SCHD, VTI and a handful of other dividend players. I was waiting to see if I could catch it around 68.00. It was close middle of June. + +Question is does anyone else watch for stocks in general for their entry point or do you just jump in and DCA. + +I normal jump in and DCA but something about O I’m just unsure of +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. +Guys I read this article and got worried about my investment in index fund. So the future bear markets will wipe out all my earnings? + + [After Two Of The Greatest Bull Markets In U.S. History, Why Are Boomers So Broke?](https://realinvestmentadvice.com/after-two-of-the-greatest-bull-markets-in-u-s-history-why-are-boomers-so-broke/) + +&#x200B; + +One paragraph says: + +"You will notice that in every case, the entirety of the previous bull market advance was almost entirely wiped out by the subsequent decline. + +So, what happened to all those baby boomers? Well, let’s walk through the sequence: + +1. **Age 30’s:** In 1980 the *“baby boomer”* generation is working, saving, and participating during one the 80-90’s bull market. +2. **Age 50’s:** From 2000 to 2002, the *“Dot.Com”* crash cuts their savings by 50%. +3. **Age 53-57:** From 2003-2007 the full market grows savings back to their previous level in 2000. +4. **Age 57-58:**  The 2008 “Financial Crisis” wipes out 100% of the gains of the previous bull market and resets savings values back to 1995 levels. +5. **Age 58-63:** From 2009-2013 financial markets rise growing savings back to the same levels in 2000. + +>***At the age of 63, “baby boomers” are staring retirement in the face. Yet, because of the devastation of two major bear markets they are no closer to their retirement goals than they were 13-years earlier."*** +Ok so the big sub has some meme post today comparing us to the worst of the conspiracy nuts. And yesterday I had to downvote a post here suggesting that we share some affinity with Reddit’s fucking whacked out conspiracy sub. So I think it’s time to nip this in the bud. + +To get a couple things out of the way: don’t comment with shit like “oh so you don’t think there are conspiracies/don’t think the government ever does bad things/etc.” That’s not what I’m saying. My personal opinions on whether the FBI obviously killed MLK when his message became too dangerous to the capitalist status quo are purely academic and have absolutely ZERO to do with the purpose of this sub. Let’s draw a distinction: + +>There is a difference between a conspiracy and a conspiracy theory. Conspiracies happen all the time. People get criminally prosecuted for them. Other people get away with them. Many are financial criminal conspiracies. + +>A conspiracy *theory* is a defined belief in some specific unproven conspiracy. Over the years, many specific theories have gone way way way too far. These can become incredibly dangerous and detrimental to society. They can also become highly vilified by society at large. Both the conspiracy sub here on Reddit and the absolutely batshit alphabet-based conspiracy we were just compared to on VVSB examples of the bad kind of thing I am talking about here. + +Superstonk is NOT, never has been, and must never become a conspiracy theory forum. We are investors whose property is getting fucked with on the daily. We investigate that because the enforcement entities we should be able to rely on have failed to do so. This is categorically different from conspiracy theory shit. This is like if someone stole your bike and the police wouldn’t help, so you started investigating on your own. If you happened to uncover a larger bike-theft ring in the process—well then you uncovered a criminal conspiracy, but nowhere in the process did you ever become a “conspiracy theorist.” + +I just wanted to put this out there and encourage people to ALWAYS report posts that encourage engagement with conspiracy theories, particularly well-known, dangerous ones. We should not be linking to conspiracy forums. We should not be discussing things that don’t directly pertain to the integrity of our investment. + +Thanks my friends. + +Peace, love and NFTs ✌️ +Dàjiā hǎo Apes! I'm Apesian, not sure if anyone needs this. Will delete if there is another post like this. Will be updating as I go along. + +I am tracking **SSE Composite Index (000001.SS)** but I am doing this manually and the data is delayed, I am sorry. + +The Shanghai Stock Exchange is open Monday through Friday from 9:30am to 11:30am and 1:00pm to 3:00pm China Standard Time (GMT+08:00). Does the Shanghai Stock Exchange close for Lunch? Yes, the Shanghai Stock Exchange does close for lunch. + +I am not a Chinese ape, I am a Pinoy ape. But I don't have anything to do today, so might as well do this for you. **❤️** + +**UPDATE:** I enjoyed making this post, and I appreciate all the kind words and awards. Thank you for my four-hour fame. Tomorrow I will get vaccinated, so I won't be available to do this again, but I'm sure there will be another willing Apesian. Or maybe not, we can just focus on GME price. I love this community, and I am so glad I met all of you. I am hodling for each one of you and all our families' generational wealth. No cell, no sell. + +&#x200B; + +🚀 Buckle Up! 🚀 + +* 🟩 330 minutes in: 3629.45 CNY *(volume: 548 M)* +* 🟩 320 minutes in: 3625.91 CNY *(volume: 843 M)* +* 🟥 310 minutes in: 3620.57 CNY *(volume: 521 M)* +* 🟥 300 minutes in: 3624.66 CNY *(volume: 533 M)* +* 🟩 290 minutes in: 3626.72 CNY *(volume: 558 M)* +* 🟥 280 minutes in: 3624.48 CNY *(volume: 584 M)* +* 🟩 270 minutes in: 3628.97 CNY *(volume: 619 M)* +* 🟩 260 minutes in: 3625.55 CNY *(volume: 650 M)* +* 🟩 250 minutes in: 3625.00 CNY *(volume: 794 M)* +* 🟩 240 minutes in: 3619.02 CNY *(volume: 557 M)* +* 🟩 230 minutes in: 3619.01 CNY *(volume: 759 M)* +* 🟩 220 minutes in: 3613.03 CNY *(volume: 739 M)* +* L U N C H B R E A K +* 🟩 120 minutes in: 3603.70 CNY *(volume: 505 M)* +* 🟥 115 minutes in: 3601.77 CNY *(volume: 509 M)* +* 🟩 110 minutes in: 3602.92 CNY *(volume: 568 M)* +* 🟥 105 minutes in: 3598.84 CNY *(volume: 545 M)* +* 🟥 100 minutes in: 3596.27 CNY *(volume: 568 M)* +* 🟥 95 minutes in: 3598.86 CNY *(volume: 630 M)* +* 🟩 90 minutes in: 3600.88 CNY *(volume: 625 M)* +* 🟩 85 minutes in: 3596.58 CNY *(volume: 564 M)* +* 🟩 80 minutes in: 3590.34 CNY *(volume: 660 M)* +* 🟩 75 minutes in: 3589.06 CNY *(volume: 777 M)* +* 🟩 70 minutes in: 3588.73 CNY *(volume: 693 M)* +* 🟥 65 minutes in: 3587.70 CNY *(volume: 878 M)* +* 🟩 60 minutes in: 3591.58 CNY *(volume: 581 M)* +* 🟥 55 minutes in: 3586.04 CNY *(volume: 1.15 B)* +* 🟩 50 minutes in: 3592.60 CNY *(volume: 933 M)* +* 🟩 45 minutes in: 3592.26 CNY *(volume: 2.13 B)* +* 🟥 40 minutes in: 3591.27 CNY *(volume: 896 M)* +* 🟥 35 minutes in: 3593.95 CNY *(volume: 1.51 B)* +* 🟩 30 minutes in: 3601.23 CNY *(volume: 1.63 B)* +* 🟩 25 minutes in: 3597.20 CNY *(volume: 1.23 B)* +* 🟥 20 minutes in: 3595.05 CNY *(volume: 1.88 B)* +* 🟩 15 minutes in: 3596.32 CNY *(volume: 1.81 B)* +* 🟩 10 minutes in: 3591.27 CNY *(volume: 2.95 B)* +* 🟩 5 minutes in: 3575.33 CNY *(volume: 2.48 B)* +* 🟥 0 minutes in: 3561.95 CNY +* 🟩 Close price: 3614.03 CNY + +&#x200B; + +NOTE: I am smooth-brained and can't create any program, so I am doing this manually, please excuse any error. If someone else will be able to automate this for more accurate data, I'd gladly pass the baton. 🦍**❤️**🦍 +I am having a hard time accepting the adage "shirt sleeves to shirt sleeves in three generations" -- or a similar adage where the first generation builds wealth, the second tries to preserve it, and the third squanders it. For discussion purposes, I've sketched out a simple scenario: + +* Assume you inherit four million dollars at age 25 +* That same year, you have two children +* You need $80k/year -- so using the 4% rule, you can live off of half the money (two million dollars). Upon your death, you give away the principle (originally two million) to charity +* The other two million is invested and grows at 5.75% (For simplicity, I am ignoring inflation but we could bump up the CAGR to 8% to account for 2.25% inflation) +* In 25 years, the other two million turns into eight million +* Each child, now 25 years old, can be given four million each +* Rinse & repeat... + +The scenario above shows just how easy it is to keep the intergenerational wealth cycle perpetuating. So I am a bit baffled that we don't have more financially independent people. I also find it hard to believe that someone could become wealthy and intend to pass the wealth on to their kids but would totally drop the ball on educating their kids about the value of fiscal discipline and money management. And I find it especially difficult to understand the lack of intergenerational wealth perpetuation with folks who pass down over 10 million dollars. These folks have the ability to hire financial advisors or a family office for the very purpose of money management and fiscal discipline. + +So what gives -- why is perpetuating intergenerational wealth (seemingly) so difficult? + +&#x200B; + +Edit: + +Thank you all for the comments. This is one of the very few posts where I have literally read all of the replies. Your feedback has been helpful but more importantly, it has allowed me to learn a little more about myself. + +My grandparents and my parents struggled out of moderate poverty and broke into the middle class mostly because of good fiscal habits and frugality. Growing up, good fiscal habits were a constant. My parents, aunts, uncles, cousins, extended family, family friends, etc. all demonstrated them. This was largely because I lived in a 3rd world country and there was no government social safety net and the justice system was a sham and did little to protect you from victimization. Family was the only protection and social safety net so good fiscal discipline was a matter of survival. + +Since I grew up in a frugal household, my journey to FIRE started via frugal websites, blogs, etc. I never liked being frugal (which is probably why I'm following this sub) but the cold factual logic on these blogs evoked a certain familiarity and nostalgia. Add in a little disdain for work and you arrive at FIRE. + +Today, my frugal habits are engrained in my character and are a part of who I am. I never recognized them for what they are and always thought of them as odd quirks. For example, I still cut open my empty toothpaste tubes to get the last few bits. Since everyone I was close to shared good fiscal management habits and were incredibly frugal, I subconsciously assume good fiscal habits are common when they are not. + +My take away from this discussion is a greater appreciation for the fragility of wealth and the importance of having the proper mindset with good fiscal habits. These habits are like air and water -- you don't appreciate their importance until they are not around. Thanks again for all your feedback! +For all you apes out there who are being fed bullsh\*\* from MSM, do not forget what happened on March 10. There is absolutely no doubt that this day was a day of crime. See for yourself: + +&#x200B; + +[Drop of 40&#37; in 25 min](https://preview.redd.it/wfv2443dplu71.png?width=839&format=png&auto=webp&s=ed3e46b303a965c2b2f4d29ce2cab72b22789468) + +Here's the article talking about it: + +[https://www.cnbc.com/2021/03/10/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html](https://www.cnbc.com/2021/03/10/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html) + +**DO NOT FORGET** AND BUY INTO THEIR CRAP. + +Hold, DRS and buy more if you like the stock (this is not financial advice). +This is 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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I am planning to buy a Business News subscription and am contemplating between Business Standard, Mint and Bloomberg Quint. The idea is to buy one subscription which holistically covers all Business news in India and also provides quality OpEds. + +All 3 services are priced similarly with multiple discount campaigns running year-around - so that is not a constraint. + +* Any other option that I should look into? +* Any benefit of subscribing to more than one news subscription? + +Extra points if the subscription service has a good mobile app and push notifications. +MOASS is Inevitable, that is the truth... + +Apes, it is important that voices are heard at bullshit SEC rule. + +Hats Off to everyone defending retail investors. + +BUT + +MOASS is Still inevitable. + +1. They have been can kicking to infinity since time immemorial (FTDs etc) +2. They have been doing whatever they wanted ,whether there is a new proposed rule or not, which they are anyways not going to respect or implement +3. There is NOTHING they can do when the time comes to Cover/Close Shorts. This will never change. +4. One of the many potential options: the float is locked at DRS. Daddy RC decides to take GME out of the NYSE to a different exchange (DEFI). What do you think it is going to happen? +5. What do you think it is going to happen if NO ONE EVER SELLS? + +&#x200B; + +Again, "no MOASS" is FUD. + +DD is done,(edit: DD has always shown the way and in constant evolution)... + +Simulation is still very real. + +Trust Daddy RC and his massive AAA team doing its job. + +Our Company is Real and it is going to continue producing real results. + +BUY -> HODL -> DRS + +And keep commenting on those bullshit SEC rules. + +&#x200B; + +Not financial Advise. +It appears the prevailing wisdom for theta profits is to sell -.30 delta 30-45DTE puts and close them for 50% of the total premium to minimize gamma swings closer to expiration. + +How did this 50% number come about - Is there mathematics behind it or just a conservative benchmark? +Hello veteran theta gang members! Help a newbie member out. + +I got over confident after a couple of successful trades and sold a covered 830C Tesla weekly call. The stock 🚀🌕. I was hoping the stock will come down and have been rolling with the same price every week so far. The end does not look in sight. + +I wanted to know what are the possible recommendations to get out of this situation with less or no loss? + +So far, this is what I have considered: +1. Keep rolling up(10$) every week until it reaches close to stock price. Currently, this method costs money. + +2. Roll up(900C) and out(140 DTE) to asses the situation later and collect premium + +3. Let the option expire and start selling put once assigned +A quick search of r/thetagang reveals countless posts from traders who sold an OTM put that is now deep ITM and they are panicking and looking for ways to get out of it. Why is this? Weren't they fine with buying the stock at the strike price? Are we doomed? + +I'm here to hypothesise that this phenomenon is due to the 'Price-Perceived Quality Relationship' and that **you need to be aware of it when selling OTM CSPs or else you will panic too**. + +To put it very simply, there is an empirically observed positive correlation between perceived quality and price. We use price as a mental shortcut to determine the quality of something. For example, + +* The $30,000 couch must be better than the $500 couch in Home Depot. +* The $2,000 bottle of Scotch is better than the $30 Whisky. + +This simplification skirts over some finer details, but if you really want to you can check out the more seminal meta-analyses of the relationship here. ([Rao and Monroe, 1989](https://www.jstor.org/stable/3172907); [Volckner and Hofman, 2007](https://www.researchgate.net/profile/Julian-Hofmann-4/publication/5153015_The_Price-perceived_Quality_Relationship_A_Meta-analytic_Review_and_Assessment_of_Its_Determinants/links/0c96052b377ce0d043000000/The-Price-perceived-Quality-Relationship-A-Meta-analytic-Review-and-Assessment-of-Its-Determinants.pdf)) + +This relationship is generally studied and observed with purchasing goods, so how does it relate to short puts? Well, it might not, but let's play out the thought experiment and hopefully this will illustrate my hypothesis. + +**Let's say AMD is trading at $145 and we wish to commence the 'Wheel'.** + +Conventional wisdom calls for a 30 Delta or reasonably OTM short put. We sell a $115 put for 30-45DTE and what are we supposed to tell ourselves? + +*"I wouldn't mind owning the stock at $115"* + +We tell ourselves this because *in the context of the* *current* strike price of $145... $115 looks like a steal! This is also a neutral to bullish strategy, we expect AMD to go UP. + +**Fast forward two weeks and AMD tanks to $100**. + +All of a sudden, several things all at once are screaming at us that we are idiots and cause panic: + +1. We had a neutral to bullish position that we were badly wrong on - the stock went down. +2. If someone were to open a CSP on AMD now, they might open it at $80, thinking $80 is a steal in the context of a current price of $100 - if only we had waited. +3. If AMD can fall from $145 to $100, who's to say it can't fall further? + +**With our initial assumptions rattled, we might resort to using Price as a cue for quality. Now that AMD is much cheaper, perhaps it isn't a good quality stock and we don't want to own it. $100 now in the context of the** ***initial $145*** **might not seem like a steal anymore!** This downward spiral of 'price-perceived quality' is something that impacts most CPG companies fighting in competitive markets. If the price keeps dropping - the goods stop signalling quality to consumers. + +&#x200B; + +**SUMMARY:** + +When we sell an OTM CSP, we don't **fully** comprehend the reality of the stock price falling. Our bullish assumption is immediately questioned when the stock price falls and we start to use mental shortcuts - the share price - to determine quality. We then want to bail from the position ASAP as this lower price signals to us that the stock sucks. + +I'm just a moron so I don't really have a solution. But u/scottishtrader and others make it very clear all the time. **STOCK SELECTION IS KEY**. You need to sell CSPs on companies that you are long term bullish on, so that if *short term* declines do occur, then you aren't phased by picking up a **quality** stock at a **discount** and that you can filter out the noise when a stock goes against your short put. +Hello world and I wish you all a happy friday! +Thank you all for the love and support yesterday, I'm really happy to be a part of this ape family!🦍 +How about we end this week with a bang?😎 + +Current price "115 minutes in: 174.09 US-$" + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 173.55 US-$ + +5 minutes in: 173.67 US-$ + +10 minutes in: 173.67 US-$ + +15 minutes in: 173.67 US-$ + +20 minutes in: 174.58 US-$ + +25 minutes in: 174.58 US-$ + +30 minutes in: 174.58 US-$ + +35 minutes in: 174.58 US-$ + +40 minutes in: 174.58 US-$ + +45 minutes in: 174.58 US-$ + +50 minutes in: 174.58 US-$ + +55 minutes in: 174.58 US-$ + +60 minutes in: 174.58 US-$ + +65 minutes in: 174.64 US-$ + +70 minutes in: 174.70 US-$ + +75 minutes in: 174.70 US-$ + +80 minutes in: 174.39 US-$ + +85 minutes in: 174.39 US-$ + +90 minutes in: 174.39 US-$ + +95 minutes in: 174.39 US-$ + +100 minutes in: 173.91 US-$ + +105 minutes in: 173.91 US-$ + +110 minutes in: 174.09 US-$ + +115 minutes in: 174.09 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +I hope you all have a wonderful weekend! +See you again on monday 👋 +Let's give 'em hell! +**Update:** We now have 2 sandboxes that are hosting this online! Big thanks to the community for making this happen. Use whichever you'd like, and resort to running it locally if you run into any problems. Still hoping to raise enough to host this via AWS / Heroku so please use the donation addresses at the bottom of this post if you use this app and find it helpful :) + +You can access the app at these URLS: + +http://whales.cracklord.com/ + +http://ac.com.au:8050/ + +--------------------------- + +ORIGINAL POST: + +--------------------------- + +So it looks like whales that build walls found a work-around to my whale-watching app. Sucks for them though because I found a work-around for their work-around, so now even if the whales stack different orders of the same volume AND same price, I can still see that it's just one person behind a particular buy / sell wall. + +For anyone that hasn't heard about this yet (I know a lot of you have helped and offered advice so big thanks to you all!) check out the GitHub here. All you need is Python installed and you can run it locally :) + +https://github.com/pmaji/eth_python_tracker + +P.S. I'm linking the ETH donation address here (hoping to raise enough to host this on a website via AWS / Heroku). It's also on the GitHub for those who don't want to click through: + +**ETH ADDRESS: 0xDB63E1e60e644cE55563fB62f9F2Fc97B751bc49** + +**BTC ADDRESS (if you hold the lesser currency haha): 145KRXepS8r3o6hiUZWittn6U8qVvfTk9t** + +P.P.S. There is an open issue on the github with a few programmatic improvements that I'm hoping to make but not quite sure where to start. All python savants are welcome to look / comment. The next item up is moving from automatic refresh to a push-to-click refresh system. + +I just recently graduated university, and my grandparents surprised me with an incredibly generous check as a graduation gift. + +It’s just enough to pay off my student loans completely, but I’m not sure just dumping all the money to pay for my student loans is actually the smart/responsible choice. + +I have an engineering job lined up that pays well, and would allow me to pay a portion my student loans over time, even with the interest. In my mind, this potentially frees up some, or all of the graduation gift to be used in a way that makes it grow. + +I’ve heard of high-interest savings accounts, and some investment options, but I’m curious what my good options are. I don’t want to waste or risk losing the money, but I want to be smart about this. + +With the student loan payment/interest pause ending in august, I’m also curious is any debt cancellation might occur soon, and if it’s worth holding out to see what happens? + +What should I do here, and what are my options? My partner also brought up that this amount of money could be a down payment on a modest house, and I’m curious if holding out for the bubble to pop and using it for that is a good option. +I asked my manager to print off my time sheet to show me my clock in and clock out for the past few pay periods and I noticed an immediate discrepancy. + +All clock in and out times are rounded to the nearest 15 minute mark. I know for a fact that I punch in a little before 7:15 every day (between 2 and 10 minutes early) but every punch in says 7:15. Is this legal? + +I live in MN if that matters. + +If this belongs in a different thread please let me know. +https://www.cnbc.com/2020/06/22/wirecard-says-missing-2-billion-likely-doesnt-exist-shares-crash.html + +So they first claimed to have the missing funds with two Philippines banks but not only do those banks say Wirecard wasn't a customer, according to the article + +> the Philippines’ central bank said Sunday that the money hadn’t even entered the country’s financial system. + +This now surely goes so far beyond an innocent accounting error, I can't see how it's not anything other than a criminal conspiracy with the deliberate intention of misleading investors. + +If German prosecutors aren't already preparing a case they really need to get started. +Been reading on the wheel and selling for premiums for awhile now and I would like to get into it. However, is sounds like I am going to need a ton of cash in order to do it? + +Am I wrong here? If so, can you point me in the right direction? Thank you. + +Edit: I have done a ton of research based on what you guys suggested and I posted a huge reply near the bottom. Thanks! + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +My thought is to buy mature companies that generate "nice" cash flow and are not as reliant on debt to grow revenue/cash flow (I would expect the fed to raise rates to combat inflation, but who knows...). + +This has me thinking of products/services that people will still consume/purchase the same quantity of regardless of moderate inflation. + +Insurance and Sin stocks come to mind, but what else? + +I am liking PGR and see COST mentioned on here a lot as well. +The value of an investment is the PV of all its future cashflows, so every company is at least worth something. Would you invest in a company with declining revenue? +You did your own due diligence, right? You invested money **THAT YOU ARE OKAY WITH LOSING 100% OF, RIGHT?** + +As much as I truly do love more people joining this community and the movement; I just want to caution all the new investors (and potential shills) that this community is absolutely not a place that offers any serious financial advice. We DO offer some God-quality resources for you to read and if you decided, making an investment of your own free will. + +We are 🦍 +No surprise, this comes from Michael Pettis, who is probably one of the best and most reliably unbiased sources of information and analysis on China's economy. + +*The impact of Evergrande has caused financial distress to spread faster and more forcefully than Beijing’s financial regulators expected, putting pressure on them to move quickly to stop the contagion. But they cannot rescue Evergrande’s creditors without also undermining their fight against bad debt....* + +**Read Here:** [https://carnegieendowment.org/chinafinancialmarkets/85391](https://carnegieendowment.org/chinafinancialmarkets/85391) +Since u/rick_of_spades banana its been FTD's all over the place. Enought with the nonsense, attention seeking and karma whoring. If you wanna put stuff in your ass you dont need to bet on it. Its your buiseness but we dont need to know about it. Specially we dont need to see you FTD and get banned. +. +But a lot of people like these posts. Its a daily injection of fun. But after 1000 posts its not funny anymore. Only disgusting. +Im speaking for myself only tho I used "we" +I am a hedge fund manager (long-short, derivative mixed equity fund primarily value focused with some growth). In the past we have been value holders of GME three other times and started a small position today nears it's intraday high and will likely add to this next week should the stock fall. Previously all my Reddit comments have involved my e-Skate collection or my landing of my airplane in challenging conditions (see: [https://youtu.be/Rn7XoYKlZl0](https://youtu.be/Rn7XoYKlZl0)) However, I can't resist commenting on the fascinating technical factors that likely will continue to propel this issue higher - perhaps significantly so over the next few weeks. Andrew Left's mocking derision of retail investors may prove to be his waterloo. Why would a value focused fund manager buy a stock that based on classic fundamental value analysis appears significantly overvalued? + +GME appears to be a very interesting example of individual stock reflexivity. What is reflexivity you ask? This is the theory, originally promoted by George Soros that the stock market itself can cause the economy to either rise of fall (as opposed to the classic teaching that the economy affects the stock market). An example of market reflexivity would be the great depression whereby a crashed market brought down an economy that was only in an ordinary recession, or the recent improvement in the economy, not withstanding Covid, which has followed a rising market. In GME's case the rise in the stock price itself will likely result in fundamental improvements to the underlying economic metrics of the company. Why? + +1. As the price of the stock rises, GME finds itself in the enviable position where it can use it's stock at currency to buy complementary businesses it could not otherwise afford - monetization of the current short squeeze by the enterprise will lead to fundamentally higher revenue and profits of the enterprise should they find good strategic acquisitions to further monetize their large retail customer base (which has real and to date largely untapped value). The company is likely right now on the hunt for a major acquisition that could fundamentally alter the companies future prospects with that acquisition largely paid for on the back of short seller covering. +2. Monetization of the short covering increase in share price via issue of a secondary . The $500 million in debt (net of cash) the company currently has could be entirely extinguished with a secondary that is dilutive of only 10% of the equity base. In fact such a secondary will, despite this dilution, likely result in a significant price rise for the stock (versus the usual fall in price after most, but not all, secondaries). Bankruptcy risk will largely be eliminated with this secondary as will interest rate risk and financing costs ultimately increasing cash flow per share. A 20% secondary will leave the company in a strong cash positive position with this cash available for expansion of sales efforts, cloud offerings, acquisitions, etc. +3. Directly increased sales and revenue by virtue of the large amount of attention this epic short squeeze has brought to the company. I suspect most long retail stockholders have explored the companies web offerings and are considering becoming customers. This is free advertising to people with money who are tech savvy and the exact demographic GME would target with paid advertising. +4. Retention and efforts of existing management now becomes easy. Every manager there wants to see this continue. Operations at companies with sinking share prices typically suffer as management and employees leave the enterprise or develop anger and lassitude (think Sears Holdings). The opposite is occurring here with every manager trying to beat their numbers to see the squeeze continue. +5. This issue remains extremely heavily shorted. Despite the squeeze that has already occurred, other "value" based investors have dived into short positions as the price has risen. The short positions of this issue appears (although I can't be certain) to exceed 100% with all available shares already lent out from marginal accounts and probably a lot of naked shorting going on as well. Although I don't yet have the current data on todays short position, I can say for certain the stock remains very heavily shorter, perhaps more so now than at any previous time. Today, I called my broker asking about the availability of shares to short and the borrow costs. We have one of the larger accounts at our brokers firm and I was able to speak directly to the "hard to borrow" desk. No borrowable shares are available at any broker, anywhere, at this time, even for high borrow costs or even from other brokers. This extreme short against a small common float, made more extreme no-doubt by naked shorting, could end very poorly for those short this issue. As they are forced to close out their positions, the stock will continue to rise and continue to exacerbate the positive effects the rising price has on the above 4 issues. + +Impossible to know really where the stock goes from here as there does currently exist a disconnect from fundamentals. However, the extreme short position against the unrestricted common float here suggests to me there is a much greater chance of GME's price continuing to increase, perhaps significantly so, and this chance is far greater than the now fearful pundit in hiding's proclamation that the stock would soon see $20. + +For what it's worth, over the past 13 years of this funds life, we have significantly beaten both the overall market and the dow, (12.2%/year margin over DJIA inclusive of dividends since 2008). We have had plenty of losing issues despite this beat but also way more big winners, some really big. Right now my money's with the retail investors who are long GME. We only have a small position here but this may prove a big winner for us also. Cheers. + The powers that be are just making BTC a patsy for their agenda. There are a lot of other issues they could focus on that have a way larger impact on climate change than BTC. + +Did you see the private jet fleet that flew all the billionaires to Davos? The same people telling you to eat bugs and ban mining are flying around on private jets. Private jet flights produce around 33.7 million metric tons of carbon dioxide a year. Whereas Bitcoin production is estimated to generate between 22 and 22.9 million metric tons of carbon dioxide emissions a year. + +[The actual fleet of jets at Davos 2022](https://preview.redd.it/3h2i3qriph491.png?width=1744&format=png&auto=webp&s=1945404b910c96980fda8c2695d4f676b1cf61b7) + +So all these people preaching about the impact of mining, better start rolling up on bicycles if they want us to listen. Get off your carbon emission-filled soap boxes, billionaires. In actuality, 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988. + +[Source](https://www.businessinsider.com/davos-guests-private-jets-climate-crisis-2020-1) + +[Source](https://peri.umass.edu/greenhouse-100-polluters-index-current) +Did ally'all read the DD since the dawn of time and see the signs and the ragtag team of wrinkly-brained quants gathered to help hank prove or disprove the FTD cycle theory? + +Well I reckon that he proved it, and the fuckers decided to break the law yet again to try and disprove it. I reckon that the cost of hiding this recent FTD cycle to make it look like sideways trading has cost far more than is currently apparent. + +I believe that there have been phone calls and deals buying a few more days while they try to break sentiment and undo the correct summations from hank's and atobitts and criand's research. + +The castle did not expect all the serfs to pick the right lotto numbers - ever - and now they're trying to change the rules stop the gold from going to the villagers while at the same time avoiding a revolt. +I do not want to invest in debt funds that give a much higher return than bank FDs. They are too risky (remember Franklin UST). I will be happy with 7 to 10% per year, over the long term (5+ years). + +So I looked at the Conservative Hybrid Funds. I found PPFAS Conservative Hybrid Fund. Its debt component is all in Sovereign debt, no AA or even AAA. And its equity component is divided thus: 9% in REITs and just 12.5% in "pure" equity (spread equally in stolid names: Bajaj Auto, ITC, Coal India, Petronet LNG, Power Grid). + +It is a new fund, only five months old, and its trailing 3 month return is 3.33%. That is high from a purely debt perspective but I assume is due to the recent run up in equity. In comparison, the best performing fund in the category returned 9% over the same period. + +Since my time horizon is long, I will also benefit from lower taxation. + +Does investing a small part of my debt allocation in this fund make sense? Am I missing anything? + +On the equity side, PPFAS Flexi Cap is already my biggest holding. +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! + +Thoughts on this? + +"IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs. To keep things simple, let’s call these distributions CVDs. They can add up to as much as $100,000. You can recontribute a CVD back into your IRA within three years of the withdrawal date and treat the withdrawal and later recontribution as a totally tax-free rollover." + +"In effect, the CVD drill allows you to borrow up to $100,000 from your IRA(s) and repay the amount(s) any time up to three years later with no federal income tax consequences. And there are no limitations on what you can use CVD funds for during the three-year period." + +[Source](http://www.marketwatch.com/story/coronavirus-stimulus-package-tax-relief-withdraw-100k-from-your-ira-and-repay-in-3-years-with-zero-tax-liability-2020-03-27) +My husband and I file as married filing jointly but have very disparate incomes (my base is $45k per year with potential overtime, his is $95k per year with potential bonuses) . We both claim 0 exemptions on our W-4s every year and even though he contributes about $100 extra in federal tax every pay period, I contribute about $30 every pay period, we still always end up owing. This last year we owed nearly $2k. + +It's so frustrating because I don't know what else to do in terms of our taxes. If I'm not claiming any exemptions why isn't the deduction they're taking out every pay, even not considering the additional withholding, never enough to cover the liability? I don't need a refund, I just don't want to owe anything at the end of the year. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’m looking to get some more audiobooks on investing in real estate as a first time & small time investor and wanted to see what were some good audiobooks to listen to? + +I see the BRRRR method being written about a lot so it seems pretty valid and popular for a reason. + +Should I get this book or something else ? +So my elderly grandmother has been isolating with my grandfather due to Coronavirus, meaning we’ve been able to visit her much less than we’d like. I last saw her a week ago where she mentioned there was a slight leak and she needed to have work done, to which I replied I’d ask around for a good person for the job and that was that. + +Now today she calls my mum and explains that she’d sorted it out and agreed to sign a contract with the builders, and as she read through she said the required amount to be paid upon completion and we were all so shocked. Bearing in mind, on my parents house they had the same job done for around £150 just recently which is a much larger house. + +It seems like the classic case of contractor fraud yet I’m not sure what action should be taken here, they’ve already started to take off a part of the roof. Thankfully she hasn’t had to pay them anything yet but I’ve spent the past hour making sure my mum doesn’t go round to their business address and kill them. + +The way I see it possible options are calling the bank so my grandmother isn’t able to take out or send a large sum of money like that, or to try and just get the contract voided because it’s so blatantly extortionate pricing. + +Any advice would be really great if anyone has any knowledge of scams like this or had experience similar. +How has being childfree impacted your finances? + +Im a 21 year old male looking into the childfree lifestyle. + +Ever since I was a kid, my parents were horrible with money. I saw them get new cars every year, and we would go shopping every weekend. However, all this spending impacted my life because there were times where my parents wouldnt be able to provide basic necessities such as food. They also fought alot over finances when the divorce happened, and they put me in the middle of all their finances during that time. This has turned me away from wanting a child. + +So my question is, how hard do children impact finances? For background info, Im graduating in 2 years and should be making 6 figures. I also plan to live with a roomate for a long time. I have a goal of retiring by the time im 35. Currently have 35k saved but probably going to graduate with nothing saved since I have to pay for school. +Assuming you had a trading algorithm for a derivative of your choice, doesn't matter what really. As long as you're nowhere near 0.1%+ of total volume in terms of your trades, is there any disadvantage from making it open source ? + +Presumably the more people use the strategy the better your results, even if you get no code contributions, since the more people use your algorithm the more the market moves in a direction that's favorable to it. + +I guess it might fail in various niches (e.g. a FFT algorithm doesn't work if multiple people are trying to whale the same large transactions before they happen), but overall it seems like it's a net benefit to open source the algorithm. + +Thought on this subject ? +Hey everyone, + +Let me give a little back story here. My company purchased a media company, who made some terrible decisions recently and are now in financial turmoil for an abundance of reasons. Our company has 401k benefits through fidelity where they match up to 6%. The plot twist is that they invest in their own stocks as if we were choosing it. When I created the 401k account we had no choice but to select how much of a % we wanted to put into each stock/bond. + +I would never choose to invest in this company because of their history and the stocks aren't really promising. They purchased a major media company and when that company financially fell over, it seems like we've had to face the cost of it through our 401ks. It almost feels like my money that I work hard to earn is being stolen. I guess my question here is, how do I get the best out of my 401k? Do I take it out entirely and move thwt money into the stock market since it's low? Do I put it in a savings account? I'm not quite sure here and would need guidance. I just want my money to actually work for itself and I want to put it into something that's going to benefit me rather than take it away. +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? +with the outbreak of Covid19, the premier of my province in Ontario Canada just announced that if you cant afford rent due to Covid19 you cant get evicted. Who is going to foot the bill? Any Canadian landlords worried? any solutions? +Hi all! I made post yesterday about the bullish/bearish trends that GME exhibited in the past 4 months. I wanted to make a follow up post and share some pretty shapes I found in the charts with a few indicators to support the patterns. 🌈🐻 thesis included. + +First, here is where we are with some lines drawn in: + +&#x200B; + +https://preview.redd.it/2m0xkmipu8o61.png?width=484&format=png&auto=webp&s=3cdb729fb4541e134f9605ee40be674451ac3441 + +Second, according to Investopedia, there are a few conditions for a real cup with handle chart pattern: + +1. **Trend:** To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. **Check** +2. **Cup:** The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. **Check** +3. **Cup Depth:** Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to ½. **Kinda check?** We fell from 483 to around 38 so this was a very abnormal retracement, and so we need to be a little weary. +4. **Handle:** After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. **Kinda check again?** We fell from around 340 to 173, at one point. However, if only opening and closing prices ranges are factored, it would be 275 to 201. This is only a 27% drop and a 33% drop would be 183.15. +5. **Duration:** The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks. **Almost there** +6. **Volume:** There should be a substantial increase in volume on the breakout above the handle's resistance. **Maybe one day?** + +Okay now let’s look at just the handle: + +&#x200B; + +https://preview.redd.it/ru5bg80yu8o61.png?width=489&format=png&auto=webp&s=16083754a6dbdef77db377f2eadac0e28b7f68ea + +So we can clearly see downward trend lines with a support line hovering around 180ish here. It is also backed with decreased MACD momentum, slight overselling (W%R trending down), and signs of a DMI convergence (evidence of bearish sentiment). We will need to see if a downward triangle forms in the coming weeks. If one forms, then that further confirms bearish sentiment. + +Looking back at our handle rules, we can see that a handle must be formed in 1-4 weeks, and it looks like the handle formation began 6 trading days ago. + +Knowing that our bear trends for GME usually last 6-14 days, the timing lines up perfectly for proper handle formation. + +The only thing left is to wait out the handle and get a solid breakout with huge volume. Then GME go boom boom. + +Evidence of cup with handle pattern: two high resistances with a low “U” shaped support in the middle. Formation of 1-4 weeks of price stagnation with a downward trendlines. Handle supported by W%R, DMI, and MACD. + +Potential reasons cup with handle might fail: Price fell too low out of expected range during “U” formation. Potentially, price might fall too low during handle formation, and most importantly there needs to be large volume to breakout of the handle. Also, there may be a sub pattern forming as an inverse cup from 3/16-3/19. I have not analyzed it much yet, but it was pointed out to me by another redditor. + +Edit: Added one more potential reasons cup with handle might fail. + +Edit2: Removed links. + +Edit3: My bad yall! As pointed out in comments, not descending triangle as that is a continuation pattern not a reversal pattern. Changing it to say "downward trendlines" instead, cant change the title unfortunately LOL what can i say im retarded + +Obligatory emojis: 🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +TY FOR THE AWARDS! FUCKING LOVE THIS SUB +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Edit2 [Aug. 10th at 1:21pm]: This was loads of fun! Great questions all around! Please feel free to keep sending questions my way and I’ll keep responding as I can. I may be slow to respond for the rest of the day as we’re taking our 2 year old to the beach, but can get back later this evening. Thanks so much! + +Edit1: I’ll monitor questions all day and will check back tomorrow, so please feel free to ask any and all questions related to Economics education, public finance, natural disasters, and how I use Roller Coaster Tycoon to teach economic principles. + + +[Link to proof I’m me!](https://twitter.com/econotodd/status/1557026924752420864?s=21&t=XXmZgYhenHWTEia25ydWxw) + + +[Website](https://www.ToddYarbrough.com) + + +I am a Clinical Assistant Professor at Pace Univ. (NYC) and Director of Economics at Pace Univ. - Pleasantville. I teach our senior capstone research methods course, as well as courses in environmental economics and micro principles. + + +My research has focused on US state fiscal policies (balanced budget rules, rainy day funds), and more recently I’ve been working on the fiscal and entrepreneurial effects from natural disasters at the state and local level. For example, in a paper currently under review coauthors and myself find that natural disasters seem to on net causally boost entrepreneurship at the US state level over several years following major disasters (> $1 billion in damages). + + +I’ve spent the bulk of my career so far being a teaching specialist, especially for principles courses, environmental economics, and research methods. In 2020 I published Microeconomics (KH Publishing), a contemporary and concise microeconomics principles textbook. I also maintain a fairly extensive [YouTube Channel of lectures, talks, and how-tos on carrying out applied economic research.](https://youtube.com/channel/UCxSKs34JCt7256ijSpnThfg) I also create shorter form videos on TikTok (@econotodd). +Every time inflation goes up by a certain % my already acquired debts value theoretically reduce by the same amount. So, why is this simple equation not understood? Why doesn’t the fed use this to set their target interest rate? +I have been thinking about this question for along time and its hard to be taken seriously It is not homework and I would love a answer (: I have a personal reason for asking. + +Previously I thought it would as I thought the business would be competing against world GDP growth. however now I realize the growth rate for total world wealth/asset value might be higher then the growth rate of GDP. + +Imagine that this hypothetical business was run by AI with the goal of taking over all the worlds assets/GDP in a realistic way and it grows at "5.8% plus the global inflation rate" every year the super human Ai makes that exact growth rate happen every year. + +Edit when I say assets I mean assets which generate profit or could generate profit not personal property which isn't used to generate profit +I live and work in the Western Suburbs of [Sydney](https://en.wikipedia.org/wiki/Sydney), [New South Wales](https://en.wikipedia.org/wiki/New_South_Wales), [Australia](https://en.wikipedia.org/wiki/Australia). I commute to work by bus and train 7 days a week, and I am aware that my public transport costs are highly subsidised. + +Before you straight-up dismiss free public transport as a terrible idea, do note that Australian cities already have some of the lowest [Farebox recovery ratios](https://en.wikipedia.org/wiki/Farebox_recovery_ratio) in the whole world. Sydney makes a 73% loss on its public transport system. + +So if Sydney's public transport system is already making a massive loss, would it be worthwhile to enact [free public transport](https://en.wikipedia.org/wiki/Free_public_transport)?: + +* If Sydney (or more accurately, the State of New South Wales) does enact [free public transport](https://en.wikipedia.org/wiki/Free_public_transport), it would be the largest city with free public transport, and the next largest city with free public transport would be [Prague](https://en.wikipedia.org/wiki/Prague), which has 1/4 of Sydney's population. Therefore, is free public transport only feasible for small cities? +* Every day I commute, I take the [T1](https://en.wikipedia.org/wiki/North_Shore,_Northern_%26_Western_Line) and [T8](https://en.wikipedia.org/wiki/Airport_%26_South_Line) lines. On every T8 train and some T1 trains is a ticket checker - and every day, they catch a fare evader on the T8 (fare evasion seems to be less common on T1). Would ticket checkers be a major expenditure for public transport networks? +* [Australia's population growth rate is higher than the world average](http://theconversation.com/three-charts-on-australias-population-shift-and-the-big-city-squeeze-75544). Therefore, Sydney and other Australian cities are expanding their public transport networks to keep up with population growth. Is free public transport only feasible in non-expanding public transport networks? +* Since Sydney's public transport network is already heavily subsidised, would there be much benefit to making public transport free of charge? +Non-native English speaker here. I am simply curious about this topic so thought I should ask. + +Which sub discipline in Economics is hot right now? That is which subdisciplines in Economics has the highest number of research grants available (compared to people seeking those grants), the highest number of PhD vacancies (compared to PhD applicants) and has the highest number of jobs (in academia or industry) now and in the near future after graduation? +I find it really interesting how many people are choosing where to live based on what appear to me to be inconveniences that can be largely solved by moving to another neighborhood or adjacent town. + +Or the number of people who are done with HCOL metro areas and seem to want to move to smaller cities they know very little about. + +I’ve pretty always much chosen where to live based on the following things: + +1. High-paying job opportunities +2. Proximity to family and friends +3. Proximity to my professional, undergrad, and grad school network + +Which for us basically means choosing between the largest 5-7 cities in the US. + +But for those deciding to move to smaller cities where you have no family, friends, or network, are those things a factor at all? I’m trying to reconcile all these posts I’m seeing on fatFIRE (where presumably people can afford to live in wherever they want) with pretty much every single friend / close colleague of mine, all of whom seem to choose where to live based on job opportunities and/or proximity to friends/family and, as far as I could tell, would never move somewhere where they didn’t have one or more or those things. + +EDIT: As an example, I count four of these kinds of threads posted in the last 18 hours. +Last Friday morning I was on a boring 3 hour zoom conference and decided to multi-task with some day trading. I saw Tesla at 2290 and thought I'd sell a 2235 put option expiring the same day and collect an easy $1400... I didn't think there was any it would close at 2213 and now I own \~$225K worth of Telsa. + +Fidelity won't let me trade it until tomorrow. + +Maybe hold? + +UPDATE: Sold 80% of the position and up net $16.2K on the blooper. Here is a screenshot of the entry transactions - entry on Friday and the exit today: [https://www.reddit.com/r/wallstreetbets/comments/ik5ur8/unintentional\_owner\_of\_225k\_worth\_of\_tesla\_proof/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/ik5ur8/unintentional_owner_of_225k_worth_of_tesla_proof/?utm_source=share&utm_medium=web2x&context=3) + +I should have held! + +I received multiple voicemails this week from scammers posing as an IRS employee threatening to file a lawsuit against me. I should have recognized this was a scam!! The voicemail went : “this is Internal Revenue Service the reason of this call is to inform you that IRS is filing lawsuit against you to get more information about this case file please call immediately on our department number 413-252-2505 I repeat 413-252-2505 thank you…” + + +I called the number back and after a few seconds the recording began: "hello thanks for calling the international revenue services how may I help you? + +Just as I started speaking, the message continued ..."hello.....hello can you hear me???" + +And just like that I replied , "Yes ma'am I can hear you fine" + +The line was silent and I replied, "hello!?? Can you hear me? + +No answer.. just a voice recorder on the other end.I called back and ... NOTHIN it wouldn't connect + + +Contact TIGTA to report the call. Use their “IRS Impersonation Scam Reporting” web page or call 800-366-4484. +Report it to the Federal Trade Commission. Use the “FTC Complaint Assistant” on FTC.gov. Please add “IRS Telephone Scam” in the notes. +If you think you might owe taxes, call the IRS directly at 1-800-829-1040. +Avoid e-mail phishing attempts +First of all I want to thank everyone who took their time out the day to provide their words of wisdom greatly appreciated!!! + +After reading 100s of comments and speaking to my family, friends, and professors I decided to go with the legal tech company. + +Solely based on the fact I felt deep in my heart I'll be more happy here than trying to go with a job paying more money. + +I decided not to bring up the new offer from Job B and accept the offer I signed from Job A. I didnt want to start the job on a bad note. My word means everything to me + +I will be in school for the next 4 years before I go to law school so I decided it would be best to gain all the experience I can and Job A would be a great start to my legal career + +Again, I want to thank all who commented, this decision would've went sideways without all you guys/gals help THANK YOU!! + +I will be replying back to comments throughout the whole day feel free to ask anything relevant to this post +28M Engineer living in the USA (outskirts of Seattle) looking at a possible move back to Germany. This is sped up by Brexit, as I am not a German citizen. + +&#x200B; + +Debate is as follows: + +USA Pros + +* Currently make $100,000, saving a bunch of $ towards retirement by living in a cheaper suburb (rent 1000, car 300, are my only big expenses). Would love to retire early. Am on track to have over $100,000 saved towards retirement by 30. +* Not yet done seeing everything here in the US + +USA Cons: + +* societal issues causing me not to enjoy living here +* suburbs are boring and far from everything +* lack of job security, healthcare tied to job etc +* Miss my family +* am a UK citizen that grew up in Germany. Mum and Dad in Germany, but dec 31st, no legal right to live and work in Germany if I do not move soon. + +&#x200B; + +Germany is my home, and I dont like the idea of not being able to move back... But at the same time right now I am saving serious $ towards retirement, and am thinking that staying out here might allow me to save more money towards my goal of retiring early. I also love Germany and travel and want to see what all of Europe has to offer. + +So I guess my question is, I dont know how the German pension systems work properly? How would taking a 25 to 30% pay cut + extra taxes affect my ability to retire? I know there is a government and private pension and I am wondering if it all "balances out". I would hate to give up an advantage I have now and not be able to retire 5-10 years early because I didnt spend a couple of extra years in the states? + +How do I go about making these kinds of decisions? where can I find resources to read? Im not trying to shy away from making my own decisions, but its REALLY hard to try and figure out all these moving parts... +https://www.cambridge-news.co.uk/news/uk-world-news/tesco-clubcard-vouchers-shoppers-overcharged-19100314 + +Anyone noticed this tactic from Tesco lately? They've been setting "low" prices if you purchase via Clubcard and hiked-up prices without it. + +Seems like another shady data collection tactic. +I'm not typing this shit. I'm yelling at my phone so you can hear me! + +RC put chopsticks in his nose and titled the tweet PG-13. Page 13 of the GME prospectus talks about a dividend in the form of a unit. We've had tons of DD/speculation on this. That unit could contain something non-fungible or unobtainable by the short hedge funds. They also said in the prospectus that if the DTCC couldn't do their job, GameStop would take their ball and go home. They have their own goddamn exchange people... GME also hired merger/acquisition/carveout talent. They filed for the trademark GMERICA. They could easily merge, acquire or carve out a piece of any of their own companies, GameStop and/or GameStop entertainment LLC, and/or any one of the companies we know they are working with such as Loopring. If they do, that would change the CUSIP on the company stock. Or maybe GMERICA is going to be its own company, and GameStop shareholders are going to be issued a tokenized security for this new company on their block chain exchange. Remember the general TSO's tweet? Yeah.. TSO. Tokenized security offering - on their own exchange.. The huge amount of talent that was stolen from some of the biggest companies around went to work for GameStop. I don't remember how many, but a several executives are not receiving a salary and instead have been issued shares of the company as a form of incentive plan/salary. Do you think they're going to sign on with that type of incentive plan with no W2 salary and allow their stock to be manipulated down to nothing all the while they're putting in the hard work that should make the stock easily worth several thousand dollars a share? (Edit Matt's name) Matt Furlong was issued shares at what, $205 per share? + +Poke holes in this post, add to it, do whatever you need to do. I just vomited all of this out from memory. Hash it out and tell me how they could get out of any one of these changes I've listed which would ultimately lead to MOASS. + +We are bleeding them dry. And yes, they're locked in here with us. Or they'd have left already… + + +Edit: someone in the comments pointed out executives do have a salary. That aside (and thank you for pointing that out) the major part of their compensation is being fucked with. That's a big no-no. You don't fuck with peoples money in this world. + +Edit 2: this post is now dedicated to my boy u/stevo1586 and his smol peepee. 🤣. You're welcome buddy 😇 + +Edit 3: confirmation speaking - https://www.reddit.com/r/Superstonk/comments/vk5bn5/hey_retards_no_i_mean_the_real_kind_of_retarded/idq1717/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +Supplemental Finance: + +* A Random Walk Down Wall Street - Burton G. Malkiel +* Options As A Strategic Investment - Laurence G. McMillan + +Quant Finance: + +* Advances In Financial Machine Learning - Marcos Lopez De Prado +* Quantitative Trading - Ernest P. Chan +* Machine Trading - Ernest P. Chan + +Research Papers: + +* Application of Generalized Hyperbolic Levy Motions to Finance - Ernest Eberlein + +* Backward Stochastic Differential Equations in Finance - Multiple Authors + + +Keeping the list short but I believe each piece of literature brings something unique to the table. Feel free to add on if you have any interesting reads. +Background: I've been trading manually using technical analysis for about a year and have a fairly good grasp on TA and indicators. Also have a solid foundation in programming, work as a programmer and have a MSc in computer science. Have been using Tradingview and Pinescript for backtesting, but I'm starting to feel its limitations, so I want to start using something more powerful with access to more data. + +I wish to use Python, both because it's a language I know and like and because it seems to be widely used in algo trading. My main goal is to be able to design solid backtests where I can write custom indicators. I also want to be able to do automatic trading, but a good backtesting system is my main priority. + +These are the libraries/platforms I've considered so far: + +- QuantConnect + +- Backtrader + +- Backtesting.py + +- PyAlgotrade + +- bt + +A lot of people here seem to be using QuantConnect. I like that it provides lots of data for free, but I'm not so keen on having to upload my algorithm to their cloud. I have a good first impression of Backtesting.py — any opinions on it versus the others? Or any other good candidates? +I'm especially interested in the contemporary versions of that, like video streaming services, social media and game launchers. People like to have everything in a single place and some even *complain when competitors enter the market*. I remember I saw a study that showed consumer satisfaction with video streaming services was higher when Netflix was the one big player but I can't find it right now. + +At the same time, this creates oligopolies and monopolies, which tend to be bad for the consumer (lower innovation, higher prices). + +This isn't a unique problem to web services though. The same happens with utilities, ISPs and even healthcare. The solution for utilities was to have the government provide the service. In the US, this hasn't been implemented for ISPs or healthcare, but it has been proposed. That's why I assume it's an old problem with theory behind it. + +**Where can I read more about this kind of thing? Is there a name for this phenomenon? Should the government provide game launchers? Are there alternative solutions?** + +PS: As I was writing this I realized that not all of those things I said here can be explained by "become more attractive the more users they have", but I believe the problem is still comparable since the end effect (customers voluntarily making monopolies) is the same. +[I am thinking of this in specific](https://www.tandfonline.com/doi/full/10.1080/13563467.2021.1899153) + +Most people said that this analysis was wrong, but i don't understand why. I guess what happens is that the low price area isn't well compensated, as the link says, but they are exporting goods of a low price area to a high price area, wouldn't that probably make the price higher? +I get that hyper-deflation causes recessions, ones I might add that are hard to get out of, but does that mean deflation in \*any\* context is bad? + +Like if there was deflation of 2% at restaurants in a years time, it's not like people are going to hold off and wait to go on that date with their significant other because next year it'll be cheaper by 2%. + +Also, especially in this high inflation environment, some deflation is welcome no? High inflation means people pull back from discretionary expenses which is bad for restaurants, it means they make less money, and when that happens people lose jobs. + +Also, in the case of discretionary expenses, is deflation all that bad either? I mean everyone needs a place to live, even if rent prices dropped 15% next year, people aren't going to wait 10 years in hopes it drops even more. They'll move for work, to college, and so on as is always the case. Demand isn't completely inelastic when it comes to rent I would think, but it's pretty darn rigid. + +Obviously, if this were to continue, things would be priced at zero, so of course I'm not in favour of too much deflation. + +My point is simply, just like how people say some inflation is good, maybe sometimes in some contexts a little sprinkle of deflation is good as well you know? + +Thoughts? +Good morning fellow apes, + +last week I saw a post here about jobs at Motley Fool, stating that "the company is sponsored by Citadel LLC and Melvin Capital." + +Expecting fuckery I saved that page with wayback machine, left the tabs open (besides all the 100 tabs already open lol) and checked this morning again. + +Guess what's missing.. + +Link to the live-page: [https://www.theladders.com/company/fool-jobs](https://www.theladders.com/company/fool-jobs) + +capture of May 14th: [http://web.archive.org/web/20210514071019/https://www.theladders.com/company/fool-jobs](http://web.archive.org/web/20210514071019/https://www.theladders.com/company/fool-jobs) + +&#x200B; + +Enjoy your day and I wish you a productive week besides checking GME-Charts! + +&#x200B; + +Edit: I found the thread again, where I saw the website in the comments: [https://www.reddit.com/r/Superstonk/comments/nbuis0/motley\_fooled\_or\_conversely\_how\_to\_lie\_and\_get/](https://www.reddit.com/r/Superstonk/comments/nbuis0/motley_fooled_or_conversely_how_to_lie_and_get/) + +Edit2: Beware apes, this is not any kind of official information and it's not the official MF-website aswell. We don't know if it was edited by someone from theladders, MF-dudes themselves or if someone was able to edit it for trolling (as some comments suggested). So keep that in mind and take the information with a grain of salt. +Russia is set to default on 100,000,000 in US bond payments today. 30 days ago they tried to pay the bond in Russian rubbles but the treasury wouldn’t accept the payment. This triggered the 30 day grace period. Today Russia will try again to pay in Russian rubble and it will again be declined. MSM tomorrow will headline “Russia has officially defaulted”! There will be pain on Monday, maybe even margin calls. + +Moon tomorrow, buy hold drs + + +Edit: To those claiming “trust me bro”. Here’s a Article. Also missing one payment of $100m then puts Russia in default of all debts, $40b total in offshore bonds(euro+US). THIS IS BIG + +https://www.bloomberg.com/news/articles/2022-06-26/russia-is-hours-away-from-its-first-foreign-default-in-a-century +Hey everyone! Thanks for reading and suggestions- + +I have had a small business in gaming for about 2 years. I had made $40k the first year, 210k the 2nd year and this year my business is exploding, I’m projecting to make around 2.2-2.5 million in 2022. + +My life situation right now is: I’m 26, married with no kids, renting an apartment but have no debt to pay off. + +On the business side: I’m sole proprietor, the business has next to no overhead costs (I can maybe find 20k to reinvest into the business). I’d also expect things to slow down to maybe 500k a year after 2 years or so + +I’m basically lost on the financial side. I expect to need an IRA, possibly moving money I need on hand to a Money Market to get some return on it, I want to invest a lot as well. + +Whatshould I know or expect to ask a financial advisor? + +EDIT: a few have asked what I do- I got into UGC game development as a side hobby before covid hit- its since grown and I’ve gotten very blessed with a successful game! +So, a bit of a terrible situation. I'm in a position that pays well, at a great company, but recent events have made it so that I've been living paycheck to paycheck. I've been booked to go on a business trip, but I've realized that I can't afford it. + +My dad died suddenly two months ago, leaving me as his only adult child (age 24) to manage his funeral expenses, probate expenses, and guardianship over my little brother (age 16). I've also had to pay for my mother's living expenses and I'm in a bit of a lengthy legal issue as my dad died intestate. So storage fees, legal fees, paying for the insurance on his cars, etc. I've been taking care of my boyfriend's dog while he's in basic military training, and to go on this business trip, it'll take about $300+ to pay for her lodging and there are travel fees (that my job has made clear they won't cover) I'll have to incur that I just don't have. I know it's not much money exactly, but it's just not something I can justify as I scrape my bank account. + +Also, my boyfriend can't send me any money because BMT won't allow him to communicate with the outside world. + +I didn't realize how expensive this trip was going to be, and now with guardianship proceedings starting out of nowhere, I just can't come up with the scratch. The trip is a week out and I would feel awful about canceling. + +Any advice you can offer would be much appreciated. + +**EDIT:** Thank you everyone for your responses. It makes sense that companies don't cover dog boarding – I realize I made some major missteps during such a confusing and stressful time, and it's certainly not their responsibility to cover for those mistakes. There's a lot I'm just now learning about estate planning and guardianship and the like. I will do my best to cancel the trip. + +**EDIT2:** My mother (who lives in Detroit, MI) is not my brother’s mom - there is tension between the families and my mom is not an option for his care. He is also autistic and his own mother is kind of ill, which is why we’re going through guardianship proceedings in the case she cannot care for him. I would love to leave the puppy with him, but he cannot be left alone due to the severity of his autism. Thank you everyone who suggested this - I agree it would be the best option, but the situation is kind of unusual. + +**EDIT3:** When I say there are travel fees I can't cover, I mean upfront. I just don't have the money to do so, and can't wait for two weeks to a month to be reimbursed.I have too much to cover and will need to wait until the next few paychecks to catch up. Just looking for advice to approach employer, please do not DM me with rude or off topic messages. + +**EDIT4:** Just got off the phone with my boss, who is really so understanding and helpful (he also very recently lost his mother, so he's that much more understanding), and I was able to cancel my trip. They're going to find a replacement. There has been a weight lifted and I feel so much better. Thank you everyone for talking me through it. +Anything getting a rise from your emotions to take action is FUD. A trending hashtag on twitter won't make them act the way you want. They haven't done anything for months. Do you seriously think they don't know what's going on already?? + +Buy. Hodl. Vote. That's all you need to do +I worked for other people until three years ago when I decided to start my own business. Things took off quickly and I made around $5M+ in these three years. Company is still active, doing well, generating at least $100,000 in monthly profits. I managed to hire some people to help with day to day now leaving me to focus on the bigger picture. Unfortunately I can’t sell the company, it’s a niche business where I am the biz, it’s all about the connections, almost no financial barrier to entry. I go, business goes. So I plan to work another 2-3 years as it is still very profitable and worth my time. + +Now, the RE is where I get worried. I really want to do it. I have been saying this even before I made my money. The plan was always retire at 35 with $5M in the bank. But I am worried that I don’t know how. I live in Eastern Europe and I don’t my trust financial advisors here. I opened an investment account with a Swiss bank, put $800,000 in there but they charge a lot. And all these talks about incoming downturn make me worried to just invest in index funds. To top it off, my income is in $, most my cash is in $ but all my expense is in euro. I don’t know when to change to Eur. $ still gives good bond income if I decide to do but my currency risk is huge. For now I am ok as $ became stronger so I did ok keeping it but what’s next? + +Anyway, sorry for the rant. I got the FI part, now just need to figure out how to safely do the RE bit +Ethereum is currently at $999, for the first time since January 2021. + +Great time to buy in this bear market, but I wouldn't put too much in now as it may go lower. + +Keep HODLing as usual. +Is there a tax system that is win-win for rich and poor people? Are there some taxes that have fewer side effects? Higher compliance rate, lower compliance cost? + +Here is my idea of the ideal tax system, what are yours? + +0.5% stamp duty on all stock trades, real estate transactions + +0% corporate taxes + +40% income tax on all income, with $10k tax free for every person in your household + +Dividends taxed as regular income + +Capital gains taxed as regular income, with cost basis adjusted for inflation for long term gains. The IRS would publish a table of multipliers. This would kill carried interest as a good side effect. + +Property tax at the county, state and federal level. Easy to collect, hard to avoid, resistant to the worst case cryptocurrency outcomes. + +Tax on sin - cigarettes, alcohol, sugar, gambling, drugs +Recently I have seen some post that seemed to propose looking for high implied volatility companies to select from in order to run the wheel strategy. While I understand a high implied volatility equals better premiums. My understanding of the wheel strategy was that one focuses on companies they really want to have is part of a long-term profolio so that when they take assignment of the shares, at some point, and began the covered call writing phase they are supplementing a well-rounded portfolio versus being left with companies who once had high implied volatility, but may not currently have a high implied volatility or high-quality earnings. + +This has caused me to think a lot more about what is the proper balance point that should be used in selection of companies for a wheel strategy. I would appreciate your feedback on what your thoughts are on the proper balance point between company quality and the current implied volatility. Thank you +Being someone heavily involved in financial markets and trading, I often find myself, either online or with my friends or random acquaintances, discussing the legitimacy of trading through chart patterns. From the research I have done, as well as my own common sense and statistical background, I firmly believe that there is absolutely zero statistical significance to be found within these charts and, furthermore, that they carry zero provable or reliable predictive capability and trading off of charts is nothing more than a coin flip. That being said, I have a hard time convincing people of my argument due to either poor articulation or a failure to properly communicate my points. I explain how there is a lack of studies proving its predictive capability, how chart patterns are subjective, as well as the nature of short-term movements following a random walk and how there are no apparent, observable trends. + +I'm asking this here because I don't know many other communities that (for the most part) agree that TA charts are complete bullshit. I'd like to know your guys' main argumentative point(s) to shut up chart enthusiasts so next time I can quickly shut down the debate and move on to more productive conversation. +I have acquired a property for roughly $300k, spent $10k on upgrades and various tourist licenses, as well as built a great Airbnb reputation - it rents all the time and I’m on my way to Superhost. + +I was asked if I’d consider selling for $380-400k. + +Now, I bought the property with the idea of being a buy-hold type of investment where I cashflow through vacation rentals to then sell in 5-10 years when a decent appreciation happens. + +However, making almost $100k profit in 10 months is not bad either. + +I could rinse and repeat with the proceedings. + +What would you do if you were me? +As you guys may know the state of wsb is not great at the moment, and we should be seeing alot of people coming from there to here, I would like to say if you're new this place is not wsb, this is a place for legitimate dd and discussions. We have to preserve this sub because as far as I'm concerned it's all we have left, r/investing is fine but it's slowly becoming a ghost town, and wsb is in utter chaos so this is the last we have so we better take care of it. +So I’m looking to get IRA’s started for both kids. My understanding is they need earned income in order to do this. I was thinking I could set up two cryptocurrency mining rigs, one for each of them and report the earned income for each so that I can start each IRA for them. Is this an actual viable plan? Would it work? + +Trying to get something started for the kiddos. + +Edit: Roth IRA was my goal for clarification! Thanks for all the responses and suggestions +After watching BEP.UN for over two years I finally pulled the trigger & got in at around $47.70. I think it will a great addition to my dividend portfolio as it has a large portfolio of renewable assets from around the world & currently pays a yield of around 3.15%. + +I still think BEP.UN may a slightly over valued however its down over 22% from its highs. Im planning on holding forever. Who else is bullish on BEP.UN? + +Super stoked to finally own this stock! +I feel like this single etf thing is being blown out of proportion. There's a lot of misinformation flying around. Fud posts are being massively upvoted. Posts with correct information are not getting that many. There's already over 100 etfs that they can use or have been using for fuckery. It hasn't stopped gamestop from becoming a tech company. It hasn't stopped us locking the float. It hasn't stopped the split dividend. And even with all the fuckery the price has not been going down. Its slowly going up. One more etf isn't going to change anything for the hedgies. + +Edit: If you buy shares before the split dividend you will receive it. Do not let them fud you into not buying. They're trying to fud people into not buying shares to limit the damage. +[https://www.travelandleisure.com/travel-news/people-over-40-most-productive-when-working-three-days-a-week](https://www.travelandleisure.com/travel-news/people-over-40-most-productive-when-working-three-days-a-week) +So, I am not a struggling ape, although I do work hard for a living. + +Today, however, for the first time in my 25 year career, I have lost my job. (Happy to provide proof to mods if needed). + +I am struggling emotionally guys. I feel worthless and lost. I know I can find another job eventually, but I felt like such a failure telling my wife and kids before they left for their school / work. On my kids birthday too. + +Really, so much suck...... + +I just needed a place to vent. No need for any charity. I just needed to scream "virtually" + +"FUCCCCKKKKKKKKKKKKKKKK!" + +&#x200B; + +Edit for an update: I want to thank you all for the awards and words. Honestly I dont need the awards (save your money for GME) and I wish my first gold was on a more positive post. But thank you all very much. + +Second update: Doorbell rang for a delivery. And guess who showed up but my Bananya from Gamestop. Timing couldnt have been more perfect as I really needed the hug. I am gonna cuddle with it until I have to give it up to my kid :) + +Last edit: This community has brought me a lot of laughs and tears today. What we do in this group is so far beyond the Stonk and I dont think people see that. With that said I have spent a lot of the day trying to keep up with replies and I need to step away to take some time to reflect. If I didnt respond to you, please know it isnt because I dont appreciate you. I really, truly, do +I applied for some Data Entry jobs on Indeed and got a text on my phone from a woman telling me that my resume has been approved for my application. I was told to download Telegram and speak with a woman who is an HR Manager for more information regarding my job and company. The woman who texted me also gave me a verification code. + +So I immediately download Telegram and speak with this lady and she starts briefing me about the job and starts an interview. I go along with the interview and at the end she told me to contact her back at 8AM EST (this morning) and so I did. She told me I was offered the position and told me to sign a few documents next week. After that she asked for a picture of my driver's license and my SSN. This is where I screwed up. I gave her both of those things and she told me she will contact me back before 6:00PM. + +I started doing some more research on the company and saw that it is super sketchy. I am an idiot for not catching on to this beforehand. + +I am 18 years old and do not have any type of credit card. Please help. + +EDIT: I've visited Experian, Equifax, and Transunion websites to freeze my credit and all of these sites say my SSN doesn't match up with the credit bureau records. I've also called and they tell me the same thing. Therefore, I am mailing a request to put a freeze on my credit with each of these bureaus. I've also created an account for the Social Security Administration. Thank you all for your help and support! +I was reading a reddit post where OP was saying is this the end of crypto, and the comments were just beautiful. People need to understand that the bear market is the black friday season for crypto, buy all you can, ETH is at 1500$, buy all you can again and more! We need more posts and comments like this to raise the spirits! I believe in crypto, and I surely believe it’ll go back up and through the roof! Buy them beautiful dips I say! + +Edit: Just so it’s clear with everyone, I’m not in no way a financial adviser, and this is not financial advise. Crypto might go down much more (which is a good thing imo) and it’ll break a lot of those who are filling up their bags now. The intent of this post is to make these hard times a bit more bearable. I still whole heartedly believe that crypto will bounce back up and will bounce back up hard. Just invest responsibly. +I am a 41 F, mother of two elementary-aged kids. Husband and I live in San Jose. House paid off worth about 1.8mm. Plenty invested. Too much in cash but intentionally so. We’re making about 500k annually combined in salary. Dislike our jobs. It’s lots of bullshit. Enough of selling soul for money. Decided to stop working in March (major vesting) and husband (he is 47) will likely quit a few months later. +What the hell are we gonna do all day when we’re done with jobs? Most of our friends are well-off but will choose to work longer. +I am seriously worried about being stuck at home with Covid and getting miserable as there is nothing left to achieve. Have no goals. Just to stop stressing at work. +https://www.marketwatch.com/story/half-of-young-americans-say-college-isnt-necessary-2019-08-06 + +At 19 years old, Vivek belongs to Generation Z. And while her experience isn’t yet common, Gen Z is becoming more open to doing college differently or not going at all, according to a new study by TD Ameritrade TD-0.35% + +About one in five Gen Z and young millennials say they may choose not to go to college. Many others see a less conventional path through education as a good idea. Over 30% of Gen Z — and 18% of young millennials — said they have considered taking a gap year between high school and college. + +While college attendance has risen from 14.8 million two decades ago, the NCES expects it to remain relatively steady over the next five years. But the $1.5 trillion in student debt has given younger students pause for thought. +As part of the Obama-era crackdown on for-profit colleges like ITT Tech and Corinthian Colleges, the Education Department wrote something called the "borrower defense rule." It specified how students could get their loan money repaid if their schools were found to be shady. Borrowers had to submit an application and show how they were being defrauded. But if the school was shut down altogether, the loan discharge was supposed to be automatic. + +https://www.npr.org/2018/12/14/676755770/the-education-department-is-canceling-150-million-of-student-loan-debt + +https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/borrower-defense + +**Further conclusions (ADDED sep 22)..** + +* Chinese indexes opened on Wednesday and didn't show panic. Media coverage in China shows that Evergrande news are secondary or even tertiary (possibly sidelined) to avoid stark main streets reactions + +* Onshore (local) bond payments of Evergrande have been resolved through negotiations off the clearing house, which a implies delayed payment schedule. (this is saying bond is paid on Sep 23, without payment actually happening on Sep 23) + +* According to bond covenants (bond agreement terms) Evergrande may have 30 days to pay its unpaid or partially paid bond interests/coupons if not completely paid on the agreed date without facing penalties ... hence the unfolding of the crisis due to unpaid onshore and offshore bond obligations may take months, which provides the Chinese gov with ample time to inject liquidity, trim & restructure the Evergrande empire as well as externalise toxic assets. Thus containment is likely, bits and pieces may resurface in 202 when more data about China based land and property sales is available, steering further market sentiment in positive or negative direction. + +* Possibly most of the upcoming gov & authorities' involvement will happen behind curtains, so we won't learn much about the evolution of this drama in the news. + +* markets in US, EU and Asia will likely calm down short-term until big quarterly data dumps show the impact on China market sentiment, incl. Caixin Manuf. PMI, Services PMI and Commodity Index + + +Assumptions… + +* 70% of wealth in China is held in property (elsewhere average is btw. 20 to 35%) + +* Evergrande’s international payment obligations are due on Thursday + +* 1/3 of current China GDP is created by construction and property related activity (builders, materials/commodities, industrials/machines, services, etc) + +* China property market (sales) has been lagging for some months already + +* a lot of Chinese investors have been harmed by the gov's regulatory actions in respect to Chinese tech companies (declining tech stocks), hence sentiment sensibility is heightened + +* holidays in China until wednesday .. markets are closed... thus delayed reaction of Chinese main street + +* Evergrande's total assets approx. 2trillion RMB (2% of China’s GDP) and complex structure (+200 offshore & almost 2000 onshore wholly and non-wholly owned subsidiaries). Accounts for roughly 4% of China’s total property sales. Its over 123,000 employees and 3.8 million contractors make up a fraction of China’s over 400 million urban labor force. + +* 40% of mainland China based bank loans are backed by properties + + +Further Information + +* Insightful article (English) from China's leading business magazine Caixin (China's version of WSJ/FT) about the internal dealings (various schemes & crowdsourcing debts) of Evergrande https://archive.is/8QjU6 +* based on the article there could be a large volume of hidden debts and other obligations off their balance sheet +* it will likely take years longer to complete the portfolio of 800 building projects under construction, because of unpaid contractors and due to Evergrande having to pay other obligations first +* in respect to the complexity of Evergrande's assets, holdings, financial products and corporate constructs, it may take the Chinese gov months to accomplish at least the minimum of insight into the breadth of the longterm financial obligations +* UBS estimates that $19 billion of Evergrande’s liabilities are made up of outstanding offshore bonds. +* in the case of bankrupt developer Yinyi Group (approx. July 2019) the process from application to restructuring kickoff took 2 years (Dec 11, 2020 signed reorganization Investment Agreement), yet it seems to have partially failed because investors didn't come up with the required funds (Link Bloomberg Law: https://news.bloomberglaw.com/bankruptcy-law/yinyis-investor-fails-to-wire-required-funds-for-restructuring) (2nd payment up until July apparently was also much lower than agreed by courts).... these things take long in China and are very intransparent, yet they may suffice as means of containment + + + +Market impact + +* after digging into surrounding circumstances many analysts (jeffries, JPM, MS, citi, UBS, Barclay, Fidelity) believe that systemic distress is not evident, risks are priced in and that contagion can be avoided ([Bloomberg!] (https://www.bloomberg.com/news/articles/2021-09-21/wall-street-s-message-on-evergrande-china-has-it-under-control) + +* we may see more market tremors once Chinese markets are open (wednesday), so Tuesday may be green in US and Europe in the verge of slight rebounds + +* a large net injection may signal Beijing’s intent to reduce systemic stress. If the Peoples Bank of China withdraws funds, that could mean it’s prepared to tolerate higher market volatility as the developer moves closer to a default. + + + +Outlines of 3x spill over scenarios +---------------------------- +**1.) Unorderly containment + large spill over** + +Evergrande default spills over to other property and real estate firms in China.. with unorderly containment, leading to a considerable decline in many related industries (incl. services) due to panic and liquidity-squeeze-related market actions. Property prices in China would collapse and lead to a moderately sized property sell-off -> the rather significant negative GDP impact would hit Chinese wallets directly, leading to severe repercussions for China-focused firms (global) and China’s future growth in general + +-> large impact on international markets (most sectors), global crisis potential, quicker decline of China’s GDP, FED would have to delay tapering + + +**2.) Orderly containment - moderate spill over** + +Evergrande default spills over to other property firms in China.. with orderly containment, resulting in a moderate decline in a few related industries (construction, concrete/steel, machines, real-estate) -> the GDP decline would impact China’s domestic spending/consumption power moderately and lead to a medium-long term cooling of the China property market with rather big slow down of international commodity markets (spec. looking at Australia, New Zealand, South Africa) + +-> moderate impact on international markets (few sectors only), less long-term effects, slow-paced decline of China’s core GDP + + +**3.) Orderly containment - small spill over** + +Evergrande default spills over to a few selected property firms in China (with extra large debts). China’s gov steps in quickly and aggressively to ensure an orderly containment with a direct relief to calm down markets, resulting in a small decline in a few related industries (construction, concrete/steel, machines, real-estate) -> the slight GDP decline would result in rather short-term consequences for China’s domestic spending/consumption power. The CCP would at least manage to keep China's property prices stable thus not affecting savings/wealth of the main street too significantly; the spill over effects would be barely visible. + +-> only short-term / slight impact on international markets (selected sectors only) + +EDITED: added 2 assumption bullets +EDITED #2 (21.9.21): added info article +EDITED #3 (22.9.21): added further conclusion + + +Fellow Traders... + +For any reason if the internet goes down and something crazy happens where you can not trade, please use their Fidelity Fast line. + +[Fidelity's Automated Service Telephone (FAST)](https://www.fidelity.com/customer-service/phone-numbers/fast/overview) + +Also go ahead and download their PDF and get yourself oriented with all the helpful hints on their info page. + +Good luck out there! +I've thought about shorting with margin, but that would only give me a 200% return (roughly). Could in theory get a 15-20x return with deep OTM puts but wouldn't the large volume make that impossible? What's the most return I could get given that I would have to spread out the purchases over time and strikes? + +Edit: this is a hypothetical, I don't actually have 100M lol +I currently have no savings, my company offers 401k where they match $2000 per year. And a Royh account as well +What percentage of my pay should i be putting into each? +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! + +With RC supposedly being shadowbanned by Twitter and the markets seemingly ready to explode, I think the SHF have spent a fair bit of time preparing a battle plan for when we launch. + +This is where they will test your resolve. Given what apes have experienced already, I know they have already lost. I haven’t seen it mentioned here due to all the excitement over the past few weeks, but if we are truly that close to launching, then we are also days away from r/Superstonk being changed forever. + +There will be all eyes on this subreddit, as people flock to read and dissect the culture, DD, memes, and everything else that this community has generated. It is this exposure that will bring light to the crimes of the ultra-rich. That being said, it will also change the subreddit forever. I expect apes to go radio silent, dancing to Gangnam Style in their rooms as we watch their world collapse on them. After it all burns down, the apes will emerge with their wealth to heal this broken planet and society. + +This has been the best community I have ever had the pleasure of being apart of. Remember to reflect and enjoy these last few days. The rocket is about to launch and the prophecy of “Tomorrow” will be fulfilled. + +See you all on the other side. Let’s change the world and create a legacy that future generations can model and be proud of. + +edit: grammar +They thought they could switch off the buy button, relax a few months and let people get bored and move away so they can unwind their short positions over a few years slowly without bleeding too much cash. + +However the time that they gave us, we spun off our own community from the gambling sub. This community that doesn't glorify gambling, researches decades of market abuse and compiles due diligence that can rival economic textbooks. The community which is under constant peer review, refuting confirmation biases. The community working as a thousand member board scouring through every word every filing our investment releases. The community that has direct registered nearly 60% of the free float away from the hands of street name brokers and into real ownership of securities, the biggest weakness that this ponzi scheme has, ownership. + +Every day before MOASS is hundreds more shares direct registered, more people learning what's going on and investing. More conviction growing for original investors. The risk keeps growing while their books keep bleeding. + +They can't let this squeeze, so when it happens it will be because they had no other choice. + +I have vivid dreams of the squeeze starting and the life changing freedom it will provide at the cost of the worst bet in history. Last night I dreamt this community was hitting millions of members similar to the bets forum in Jan 2021, It still feels real and I'm so jacked for when it happens. + +I trust RC, I trust you all <3 +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\------------------------------------------------------------------------------------------------------------------------------------- + +https://preview.redd.it/lddeyl2nw8b81.png?width=1024&format=png&auto=webp&s=f499a018af328df566076766779f2370ed6ece22 + +# Cellar Boxing!! + +If you haven't read u/thabat 's DD on Cellar Boxing, I'd recommend doing so. It's worth it to get some background on this.[ LINK TO DD.](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +But the Smooth-Brain TLDR, is that this was the Naked Shorting Gameplan, but referred to as Cellar Boxing which was found in a forum back in 2004. + +And remember the Whole **ZOMBIE STOCKS** thing ya? + +Well maybe we have been missing the bigger picture here... + +The theory was that Zombie Stocks were stocks that had been Naked Shorted / Cellar Boxed to death by Market Makers so that they could win the bankruptcy jackpot and never have to pay back the mass of shorts they had against the stocks... + +But what if there is more to the story... + +**WHAT IF... NAKED SHORTING / CELLAR BOXING WAS JUST A NEW MORE ADVANCED WAY TO CREATE DISTRESSED COMPANIES THAT PRIVATE EQUITY FIRMS COULD THEN TAKE OVER FOR $0.10 ON THE DOLLAR AND DRIVE THEM INTO THE GROUND???** + +&#x200B; + +**Zombie Stock #1 - Toys'R'Us** + +Toys 'R' Us goes Private - Bought out by 2 of the biggest Private Equity Firms Kravis Roberts & Co and Bain Capital in **2005** + +Source:[ NBC NEWS](https://www.nbcnews.com/id/wbna8658948#.WqvTiJch3IU) + +After Bain Capital and KKR took over.... the Profit First strategies kicked in and Toys R Us began its decline. + +(Apologies about quality, old article) + +As per this Nasdaq article, they state that: + +However, there is little doubt that Toys "R" Us' management is trying to adapt its business model to accommodate pressure from the company's owners for greater profitability. \] + +It is also understandable that the owners - Bain, KKR ( KKR ) and Vornado ( VNO ) - are pressuring management to cut costs and to boost profits, regardless of long-term consequences. + +So Basically... the Private Equity guys bought in... and began quickly trying to pull as much profit from the company as possible, before driving it completely into the ground and filing for Bankruptcy. + +Source[ NASDAQ](https://www.nasdaq.com/articles/toys-r-us-has-major-problems-2014-04-30) + +**SO DID IT FOLLOW THE SAME FORMULA???** + +In this Article on CNN, they discuss the fact that the common misconception that AMAZON killed Toys'R'Us is WRONG... + +That the problems started much earlier than Amazon coming on the scene. They claim that the company was taking on MASSIVE amounts of debt that it simply could not get out from under. + +And in Fact... they go so far to say + +Its debt was downgraded to **junk bond status** in January of **2005**, at a time when Amazon's sales were just 4% of their current level. + +Source:[ CNN Business](https://money.cnn.com/2018/03/15/news/companies/toys-r-us-closing-blame/index.html) + +HMMmmmmm.... + +Junk Bond Status... right before a Private Equity Takeover??? + +No WAY... **Milken was involved, was he**? + +Yes... Yes, he was... + +In his self-Promotion website, Milken describes his "Legendary Wall Street Career" and some of his most important work being "financing entrepreneurs who had great ideas" + +Listed as one of the companies he financed... you guessed it... Toys 'R' Us + +Source:[ https://www.mikemilken.com/fincareer.taf](https://www.mikemilken.com/fincareer.taf) (6th Paragraph) + +\--> So... while Cellar Boxing, may have been happening here... this is a **MULTI-PRONGED attack**... + +Additionally, the company was taking on MASSIVE junk-bond debt, which brought the price of the stock down massively, enough for a Hostile takeover by Private Equity... who proceed to milk all the profits they could before driving the company to Bankruptcy... thus, relieving the shorts of any obligation + +&#x200B; + +**Zombie Stock #2 - Blockbuster** + +Forced into Bankruptcy by "POOR MANAGEMENT" and a dropping stock price, DISH NETWORKS took over Blockbuster and began dismantling it in 2013. + +Source: [Reuters](https://www.reuters.com/article/us-blockbuster-dish/dish-network-to-close-all-blockbuster-stores-lay-off-2800-idUSBRE9A511Z20131106) + +Interestingly... Dish networks is NOT a Private Equity Firm, BUT... surprise, surprise, 5 years later, Apollo Management in Talks to FINANCE Dish Network Expansions... + +Source: [Reuters](https://www.reuters.com/article/cbusiness-us-apollo-dish-network-t-t-mob-idCAKCN1TF2PJ-OCABS) + +And it SEEMS like Ergen has both a reputation and the RIGHT CONNECTIONS to be on the inside track of this System: + +Dish Network, The Meanest Company in America + +Source: [Yahoo Finance 2013](https://finance.yahoo.com/news/dish-network-meanest-company-america-194008712.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFolE0lrCsTFUjh8BBdi1SKGPqC9VHqlPEuG2PqVi5AjM7qdh5rMic-jk2oNrUgMUJMWjvKe5xFvYxpowaAihCneV-brQHWaFoxUPgYCZ2jY1jZCFq4giTKqeSbRgADpkupFzsVV2EsvDQVgjFRD25uZjqo6bYXCnnTI4TMfaALW) (Now also Owned by Apollo) + +&#x200B; + +&#x200B; + +**Zombie Stock #3 - Sears** + +Taken Over by Eddie Lampert in 2013 and driven to Bankruptcy by 2018. Lampert had a reputation as being the NEXT WARREN BUFFETT, in that he would take large positions through his Hedge Fund ESL Investments in smaller companies, and hold on to them over long periods of time. + +Surprising then, that as soon as he took the role of CEO in Sears, he begin dismantling the company and selling it off for parts. + +Source:[ Investopedia](https://www.investopedia.com/news/downfall-of-sears/) + +\----------------------------------------------------------------------------------------------------------------------------------- + +Ok I'm betting there are A LOT more examples of this... but remember that quote about Leon Black? + +Even if you don’t know Apollo, you know its targets: Caesars casinos, Claire’s jewelry stores, Linens ’n Things, all purchased just before the financial crisis and driven to bankruptcy under Black’s watch. + +Here's a Reuter's article that states that Creditors at Caesars claimed that Apollo created affiliates to put choice properties out of reach of creditors. + +[https://www.reuters.com/article/us-caesars-bankruptcy-factbox/factbox-a-new-caesars-entertainment-to-emerge-from-bankruptcy-idUSKBN1CA2RB](https://www.reuters.com/article/us-caesars-bankruptcy-factbox/factbox-a-new-caesars-entertainment-to-emerge-from-bankruptcy-idUSKBN1CA2RB) + +Caesar's Rose from the Dead of Bankruptcy, ONLY when the actions that Apollo (And TPG Capital) had done, were undone. + +Claire's Jewelry rose from the dead in much a similar fashion. Forbes article here: + +[https://fortune.com/2018/10/15/claires-emerges-from-chapter-11-bankruptcy/](https://fortune.com/2018/10/15/claires-emerges-from-chapter-11-bankruptcy/) + +Linens 'n things however, did not make it. They couldn't get out from under the crippling debt likely orchestrated by Apollo... + +[https://www.cbsnews.com/news/linens-n-things-becomes-liquidation-n-things/#:\~:text=Linens%20'N%20Things%20filed%20Chapter,of%20%24650%20million%20in%20debt](https://www.cbsnews.com/news/linens-n-things-becomes-liquidation-n-things/#:~:text=Linens%20'N%20Things%20filed%20Chapter,of%20%24650%20million%20in%20debt). + +\----------------------------------------------------------------------------------------------------------------------------------- + +Feel free to do more digging here Apes... every word I write is likely 30 words read in research... and I've only touched the tip of the iceberg here. + +There are too many coincidences for this not to be a thing. + +So all get to the REAL point of all this. + +\----------------------------------------------------------------------------------------------------------------------------------- + +# FAST FORWARD TO TODAY & MEMESTOCKS + +So here's what we know... + +We KNOW that Private Equity Companies like to buy distressed assets... + +Sometimes they hang on to those assets... sometimes they dismantle them and sell them off... + +We KNOW Apollo is one of these Companies... + +We KNOW Adam Aron is an Apollo Man + +&#x200B; + +[Adam Aron and Apollo Co-Founder of Apollo Global Josh Harris](https://preview.redd.it/ha917fjo59b81.png?width=762&format=png&auto=webp&s=0cd75e26d95cde704c8f2c18386e978b8d694361) + +&#x200B; + +We KNOW... Naked Shorting / Cellar Boxing is a good way to make a $1 seem like it's only worth $0.10 + +We KNOW... Private Equity Companies are a great way to turn a $1 into $1.50 no matter what the cost. + +We KNOW... Private Equity Companies that buy Distressed Assets, love to buy a $1 for $0.10 and then turn it into $1.50 + +NOW... + +What if Private Equity Companies... teamed up with Hedge Funds and Market Makers... to short the shit out of companies they want to acquire... so that they could by them cheap and turnout a maximum profit??? + +**JUST LIKE MILKEN DID WITH JUNK BONDS...** + +Milken’s bankers helped clients find ripe takeover targets and sold packages of debt to finance the deals. The bonds had to have sky-high interest rates to entice Wall Street buyers, but the corporate raiders didn’t mind: It was the targets, not them, who’d have to make good on the debt. + +Source:[ Same Bloomberg article Paragraph 13](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +We KNOW... Milken started this strategy... + +We KNOW... Leon Black Expanded on this Strategy.... + +We KNOW... Milken stayed close with Black... + +&#x200B; + +[Milken, Black... and who's that on the left???](https://preview.redd.it/2o4t3ius59b81.png?width=762&format=png&auto=webp&s=1dcf05bf315f6c649dc686085d488870712d35a3) + +&#x200B; + +We KNOW... Milken is close to Kenny... Citadel is even listed as a STRATEGIC PARTNER of the Milken Institute!! (Source:[ Milken Instite](https://milkeninstitute.org/support#partners)) + +&#x200B; + +[Citadel Sponsors the Milken Institut](https://preview.redd.it/pki3cnax59b81.png?width=764&format=png&auto=webp&s=16f3a50ee850252180e60798c25451efa1b2e36c) + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------- + +SO WHAT IF... + +And yes, we are going to start getting into a bit of speculation now... + +As part of the **Private Equity Playbook for Hostile Takeovers**... + +Not only do they get their buddies in the Hedgie world to short the shit out of Companies they see as a **Target for Takeover**... + +But... + +They also PLANT senior executives in the company... to ensure their plans go over Smoothly... and more often than not... make the company take on a shit ton of debt to get maximum short term profits!! + +That'd be FUCKING INTERESTING RIGHT???? + +\-------------------------------------------------------------------------------------------------------------------------------------- + +We ALREADY know... that Adam Aron is an Apollo man... so let's not go through that again... but I TRULY do hope you listen Popcorn Apes... + +BUT... + +**WHAT IF THIS IS WHAT RYAN COHEN KNEW BEFORE INVESTING IN GME???** + +He knew the **Private Equity Playbook for Hostile Takeovers**... + +He could see the price TANKING for Gamestop... + +All he would have had to do to **CONFIRM** it's a Hostile Takeover play... + +(Meaning the company was massively overvalued due to Private Equity wanting that $0.10 on the dollar) + +...Is to look at the **SENIOR MANAGEMENT OF GAMESTOP**... + +\-------------------------------------------------------------------------------------------------------------------------------------- + +**DISPROVEN:** This is what I love about Reddit. An Army of Apes checking your work to make sure you are correct. A few apes have spotted this mistake so thanks guys for reaching out! + +THERE ARE 2 GEORGE SHERMANS in this world - That's why his CV didn't make any sense. It's the other George Sherman that had the connection to Apollo. + +So for NOW... Georgey is off the hook for a direct link. But I'm not done yet. Something still smells off, so I will keep digging. + +\-------------------------------------------------------------------------------------------------------------------------------------- + +# GEORGE SHERMAN + +(Starting to get the picture yet?) + +&#x200B; + +https://preview.redd.it/hn92fwv169b81.png?width=761&format=png&auto=webp&s=7fd869c9a591ac30242735bb864d9f698784d947 + +Did you know that George Sherman had his own Investment Company? + +Cypress Group LLC manages the Sherman Family Foundation and Sherman Capital Holdings. + +Now... + +If we take a quick look at the ABOUT section... + +You'll see a little bit of background information on Sherman, that doesn't appear to be in his Linkedin Profile. + +SCREENSHOT JUST IN CASE IT GETS CHANGED: + +&#x200B; + +[ Source: https:\/\/www.cypressgroupllc.com\/about.html ](https://preview.redd.it/qhe5o4x469b81.png?width=697&format=png&auto=webp&s=4633fb5c8727fa09951583f8cce08f5e81ef6a20) + +Yup... **DIRECT** connection to Apollo! + +RBS Global is the parent company of Rexnord, and here's the official announcement of Apollo's Acquisition in 2006. + +[https://www.militaryaerospace.com/home/article/16723065/apollo-management-to-acquire-rexnord](https://www.militaryaerospace.com/home/article/16723065/apollo-management-to-acquire-rexnord) + +According to BusinessWire, Georgey started with Rexnord in 2002, meaning he helped transition the acquisition of Rexnord by Apollo in 2006... + +Source:[ BusinessWire](https://www.businesswire.com/news/home/20150611005904/en/George-Sherman-to-Retire-as-Non-Executive-Chairman-of-Rexnord-Corporation-Paul-Jones-Named-as-Non-Executive-Chairman) + +THEN... they took the company public in 2012 + +Source[ StarTribune](https://www.startribune.com/apollo-global-to-sell-11m-rexnord-shares/211805801/) + +A year later... Apollo Dumps a chunk of its shares (Though they remained the Majority Shareholder) + +Source[ StarTribune](https://www.startribune.com/apollo-global-to-sell-11m-rexnord-shares/211805801/) + +AND... a couple of years after that, Georgey announces his retirement from the company, but not before selling off a BIG chunk of his shares in 2013. + +Source[ https://wallmine.com/people/76973/george-m-sherman](https://wallmine.com/people/76973/george-m-sherman) + +**SEEMS VERY SIMILAR TO ADAM ARON AND VAIL EXCEPT, THIS TIME THE DEAL WENT WELL AND APOLLO KEPT MOST OF THEIR IN THE COMPANY** + +But... + +If Georgey made SO much fucking money from this... + +And everything went so well... + +Then WHY NO MENTION of it on his Linkedin Profile? + +I mean he spent 13 years there!! + +&#x200B; + +https://preview.redd.it/y3jzklb969b81.png?width=813&format=png&auto=webp&s=833836571eb5da3ccc279134c9d514f87fcaffd6 + +Could it be that Georgey Didn't want people picking up that he was working for Apollo? + +Similar to how Adam Aron CONVENIENTLY left out his 10 years at Apollo in his Milken Institute Profile (**A Place where this would normally be very relevant!**) + +&#x200B; + +[ Source: https:\/\/milkeninstitute.org\/events\/gc21\/speakers\/49394 ](https://preview.redd.it/z2zn61lb69b81.png?width=770&format=png&auto=webp&s=5c8ec583b2c9ffaedbfa10233de3073d5296bdf0) + +&#x200B; + +BTW... I mentioned before that the Milken Institute is a Strategic Partner with Citadel Securities... and Aron actually spoke there at an Event SPONSORED by Citadel... Sus Much? + +I even[ made a video on it](https://www.youtube.com/watch?v=uEfiuA8wg-Y)... though PopCorn Apes didn't appreciate it. + +\-------------------------------------------------------------------------------------------------------------------------------------- + +So anyway... back to Sherman... + +What about other companies he's worked at? + +Advance Auto Parts? + +Well, In Nov 2012 a RUMOUR went out that they could be primed for acquisition by a Private Equity Company. + +Source[ NEW YORK TIMES WAYBACK MACHINE](https://web.archive.org/web/20130326202226/https://dealbook.nytimes.com/2012/11/01/advance-auto-said-to-consider-a-sale/) + +Also:[ CNBC](https://www.cnbc.com/id/49646153) + +A few months later... April 2013... Sherman is Made President of Advance AutoParts. + +Interestingly... in his Linkedin Profile, Sherman lists himself as **CEO** for his Entire Time at Advance AutoParts, but according to Multiple Sources, **he was actually President and only acted as interim CEO for 4 months in 2016**... Lying on your CV Georgey? + +[Source 1](https://www.aftermarketnews.com/advance-auto-parts-announces-departure-of-president-george-sherman/) + +[Source 2](https://www.bizjournals.com/triangle/news/2017/01/18/george-sherman-advance-auto-parts-verizon-wireless.html) + +Other than that I couldn't REALLY find a connection here, though there were lots of other smaller coincidences. (I'd love to check institutional ownership at the time!) + +He did oversee a merger here though... so there were 2 companies that could have had a Private Equity interest for him. + +(Either way... the Rumor of a buyout could be enough to plant an **INSIDE MAN** there too) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +ALSO... like WTF is this... I can't even make sense of this shit. + +In his LINKEDIN... listed above... he shows his career path from 1996... to Gamestop... + +But remember in his investment Page... he listed a whole heap of other shit... + +He previously served as non-executive Chairman of the Board of Rexnord Corporation (NYSE: RXN). During his tenure, Rexnord was a portfolio company of both Apollo Management and The Carlyle Group prior to its listing on the NYSE in 2012. George retired from his role as Chairman of the Board of Rexnord Corporation in July 2015. George also previously served as Chairman of the Board of Campbell Soup Company (NYSE: CPB), President and CEO of Danaher Corporation (NYSE: DHR) and Executive Vice President and President of the Power Tools and Home Improvement Group at Black and Decker Corporation. + +[Source](https://www.cypressgroupllc.com/about.html) + +So... while it doesn't list dates there... I did a little Digging... and **SURE ENOUGH**... + +Here's an Official Press Release by Campbells Soups stating that Georgey is being made Chairman of the Board... + +This is in June 2001... AFTER being a Campbell Director since 1995... + +So instead of listing himself as a Director and Chairman of the board on Campbells Soups (A Fucking Fortune 500 Company) + +**HE LISTS HIMSELF AS A REGIONAL SALES MANAGER AT TARGET???** + +On TOP of this... in the same announcement... it states that in addition to being a Director at Campbell... he was the PRESIDENT and CEO of Danaher Corporation from 1990 until May 2001... + +WTF??? + +ANYONE??? + +Who is this guy?? + +Fucking Source:[ https://www.campbellsoupcompany.com/newsroom/press-releases/george-m-sherman-elected-chairman-of-board-succeeding-philip-e-lippincott/](https://www.campbellsoupcompany.com/newsroom/press-releases/george-m-sherman-elected-chairman-of-board-succeeding-philip-e-lippincott/) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +ANYWAY... the fucking Apollo Connection is there yet again. + +Let's look at the other execs, shall we? + +FUCKING JIM BELL... + +This shit just gets crazier... + +Shout out to [ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) for his post on Jim Bell 11 months ago which helped me figure this shit out. + +[https://www.reddit.com/r/GME/comments/lrfvlq/jim\_bell\_is\_a\_his\_firing\_is\_good\_and\_bullish/](https://www.reddit.com/r/GME/comments/lrfvlq/jim_bell_is_a_his_firing_is_good_and_bullish/) + +In his post... he states that Jim was brought on to Coldwater Creek to bring the company back to profitability, but ended up running it into the ground... INTERESTING... + +In Jimmy's Linkedin Profile... it shows indeed he worked at Coldwater Creek... + +But if you look at the Wikipedia for Coldwater... there is no mention of Jim Bell, **DESPITE** that being used to source[ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) + +Wiki here:[ https://en.wikipedia.org/wiki/Coldwater\_Creek](https://en.wikipedia.org/wiki/Coldwater_Creek) + +Now I naturally give Apes the benefit of the Doubt and seeing as his Linkedin Shows it, there are PR announcements about it ([Source](https://www.globenewswire.com/news-release/2012/02/02/467051/14438/en/Coldwater-Creek-Promotes-Jim-Bell-to-Executive-Vice-President-Chief-Operating-Officer-and-Announces-Further-Leadership-Additions.html)) I'm GUESSING... Jimmy actually did work there and DID drive it into the ground... + +BUT... his name has since been changed to Dennis Pence... WEIRD. + +From[ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) 's post + +From 2009 to July 2012 ColdWater did nothing but see RED and losing money, business was tanking due to "poor management". In 2012 Coldwater had to borrow $65million from Golden Gate Capital. GGC is a private equity firm run by a guy named David Dominik. The deal was assisted by a recovering Hedge Fund company at the time 'Citadel LLC' Oh and guess who graduated from Harvard with David Dominik? Kenneth Griffin *GEE THATS INTERESTING* + +Connections to CITADEL??? + +Not sure about that one buddy but would love to see the source on it... + +IN saying that.. the Financing is there + +Source:[ Globe Newswire](https://www.globenewswire.com/news-release/2012/07/09/272993/261557/en/Coldwater-Creek-Announces-New-65-Million-Financing-with-Golden-Gate-Capital-and-Reiterates-Second-Quarter-Financial-Guidance.html) + +And despite the financing... just 2 years later, they file for bankruptcy... + +Source:[ Yahoo News](https://news.yahoo.com/coldwater-creek-files-bankruptcy-protection-102650455--finance.html) + +But ya... next he went to PF Changs... like Strife says in his post... drove that into the ground + +When it was sold, it was sold for $700 million, along with an existing $675 million in debt and despite doing $919 million in sales that year. + +Not exactly the guy you want as CFO unless you are planning on taking down a company from the inside right? + +Source.[ https://www.nrn.com/mergers-acquisitions/report-pf-chang-s-agrees-sale](https://www.nrn.com/mergers-acquisitions/report-pf-chang-s-agrees-sale) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +# WHY I THINK RYAN COHEN FIGURED ALL THIS OUT... + +Let's look at the now Infamous letter to the board, without taking into account the strategy part itself. + +>Given that our attempts to privately engage with you since the summer have yielded little progress, we feel compelled to send a clear message to the Board today: GameStop’s leadership should immediately conduct a strategic review of the business and share a credible plan for seizing the tremendous opportunities in the rapidly-growing gaming sector. + +&#x200B; + +>It is important to reiterate that we have devoted a significant amount of time to analyzing GameStop’s assets, balance sheet, corporate governance, opportunity set and positioning within the sector + +&#x200B; + +>We recognize that the Board may feel it is insulated from stockholder scrutiny after adding new directors this past spring + +&#x200B; + +>GAMESTOP’S CHALLENGES STEM FROM INTERNAL INTRANSIGENCE AND AN UNWILLINGNESS TO RAPIDLY EMBRACE THE DIGITAL ECONOMY + +&#x200B; + +>Unfortunately, it is evident to usthat GameStop currently lacksthe mindset, resources and plan needed to become a dominant sector player. The Company remains in long-term secular decline due to its apparent unwillingness to pivot with urgency and grow with gamers. As evidence, stockholders have seen the value of their equity decline by nearly 68% over the past three years and decline by nearly 85% over the past five years. 2 GameStop is also one of the most shorted stocks in the entire market, which speaks volumes about investors’ lack of confidence in the current leadership team’s approach. + +&#x200B; + +>It is equally important to stressthat GameStop hasfailed to adequately keep pace with key industry developments in recent years, including: + +* The transition from physical hardware to digital streaming. +* The explosion of mobile. +* The shift to purchasing from mass retailers and other online competitors. + +>By not capitalizing on these shifts, GameStop has lost billions of dollars in annual revenue and squandered a massive amount of market share. The Board cannot run from the following facts: + +* Sales have plunged from $9.5 billion in fiscal year 2011 to $6.4 billion in fiscal year 2019. +* Annual EBITDA has dropped from $839 million in fiscal year 2011 (before the last console cycle) to only $111 million in fiscal year 2019. +* Net income has fallen off a cliff from $339 million in fiscal year 2011 to a staggering loss of $470 million in fiscal year 2019. +* In the two most recent quarters alone, the Company has lost another $277 million. +* To add insult to injury for GameStop’s stockholders, the size of the global gaming market has grown by more than 2.5x since the last console cycle. + +>Although GameStop’s e-commerce sales have increased significantly during the pandemic, annual revenues have declined by a staggering margin over time. The next console cycle’s temporary sales bump is not a justification for complacency and glacial transformation. + +&#x200B; + +>RC Ventures understands that Chief Executive Officer George Sherman has substantial experience working for large brick-and-mortar retailers such as Advance Auto Parts, Best Buy and Target. Regrettably, Mr. Sherman appears committed to a twentieth-century focus on physical stores and walk-in sales despite the transition to an always-on digital world. + +&#x200B; + +>Through our private conversations, we have explained to Mr. Sherman and the Board that GameStop has the ability to pivot toward becoming a technology-driven business that excels in the gaming and digital experience worlds. But this pivot requires the type of strategic vision that has not yet taken hold in the c-suite or boardroom of the company. + +&#x200B; + +>We contend the Company’s sales should be growing at least in line with the market – not going in the opposite direction. + +&#x200B; + +>**WE URGE GAMESTOP TO ADOPT THE RIGHT ROADMAP TO VALUE CREATION NOW** + +&#x200B; + +>We have stopped short of outlining a detailed turnaround plan in this correspondence because the onus is on the Board and Mr. Sherman to do their jobs and produce a viable strategy. + +&#x200B; + +>Please be advised that RC Ventures is not interested in receiving a lone seat on GameStop’s ten-member Board. It is not enticing to become an isolated stockholder advocate on a Board that has overlooked years of digital revenue opportunities and presided over massive value destruction without assuming full accountability. We want GameStop’s leaders to do their jobs and implement a strategy for bringing the Company into the 21st century. + +SOURCE:[ SEC Archives](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +Ok... so to me, this isn't just frustration with stock/investment performance. This is addressing the **CLEAR** **MISMANAGEMENT** of the company. + +And after stating that they ***"devoted a significant amount of time to analyzing GameStop’s assets, balance sheet, corporate governance, opportunity set and positioning within the sector"*** I very much DOUBT that RC didn't do a background check on the leadership team. + +And as soon as he got his foot in the door... he began immediately removing the bad Apples. + +Makes sense right? + +This is me speculating of course because I have no idea what goes on in that beautiful brain of his... but to me... this letter shows that he tried talking to them... he tried explaining it to them... but he couldn't just stand by and watch them drive the company into the ground like the **Private Equity Firm Hostile Takeover Playbook** would have done. + +So he said **FUCK IT... I'll DO IT MYSELF!** + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok... We're going to PART 4 Apes!!! + So watching a few prominent videos of Ken Griffin, there is something about the way he talks, in the way that he structures his stories. +In the Video where he talks about 2008, he talks about how close he was to going under and how he was scraping by day by day, everyday close to death but barely surviving. +...And he did it and is a success story now, jadder jadder. + +Then there is that interview where he plays UNO with that woman and he points out how small the margin is that he gets out of the trades, but the volume of trades makes up for it. +Like it is an ingenious tactic that is proven a billion times over each day, even if its only a very small win on each trade and the risk is very high bla bla bla. + +And about January and GME he says its like a "comedic joke"! + +So here is what stands out: Kenny G. tells his stories like a total asshole. +Ok we knew that, but there is something else: +Kenny G. structures his stories in a way where he barely inches by, but because of his brilliant strategy he scrapes by a billion times over and that is why he is so successful. + +But not in the gamestop story. +Here is how he would have told the gamestop story if it was truly nothing, in my opinion: +"So here I was, everyone thinking that Citadel is done for. I even have to appear before congress, together with Melvin Capital and Robbing Hood. +Things looked dire. +But then I did what noone would have thought to do. +I bought into Melvin Capital for Billions of Dollars, when everybody thought they werent worth the few hairs on Gabe Plotkins Lip! +And against everyone saying otherwise, we prevailed and went out stronger but barely." + +I know it sounds a bit hacky, but so do Kennys stories. +So thats weird to me that he would suddenly not try to talk about his heroics when those clearly were trying times for him, at least in the eyes of the public one might think. +If it was over, it would be one of his lame "War Stories", not a "Comedic Joke" is what I am trying to say. +So why isnt it? +Thoughts? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +What do you think of his work and his opinions on Portfolio Theory? He seems like a guy who is well knowledgeable and has had experience with Quant Finance. +Personally i enjoy his words on not blindly relying on models and the critic of the bell curve. +Whats your take on him? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm currently in the midst of the worst financial period I've ever found myself in. I was laid off from my job, I have no money, I've been looking and applying to jobs but haven't heard back from any of the potential employers, my phones service is being shut off, and I'm still waiting to be approved for financial assistance. It's been rough. Tonight I was hungry but didn't want to dip into the remainder of my rice so I did the saddest thing I've ever done and scraped together whatever change I could find, about $10 in mainly dimes, and went to the convenience store to buy some honey buns. I didn't want to just drop a bunch of dimes on the counter so I explained to the guy working that I don't have much money and wondered if he would be fine with me paying with dimes and he told me to get whatever and he would pay. + +I assured him I could cover and just wanted honey buns and he said it was fine so I grabbed some honey buns and put them on the counter prepared to pay and he whipped out his card and tapped the machine to pay for me before I could say anything. I offered to give him whatever money I had to pay for it and he just kept refusing saying to keep my money because I might need it later. I thanked him and left and it took everything in me not to cry. Of all the constant difficulties I've been facing these last few months this guy chose just to believe a stranger and help me out and I felt so many different emotions, I used to be in a position where I did that for others and I never thought I'd be in a position where someone would do that for me. I just have no words. So thankful for unprompted kindness from a stranger but I feel so bad it's come to this. + +&#x200B; + +Edit: Wow tons of amazing comments! I appreciate the positivity and advice guys thank you so much! I just woke up from a nap but I'll be sure to respond to as many comments and messages as I can. +Just a heads up for those looking for a high loan to value mortgage(above 85%), you’ve got until September 2nd to convert your hsbc DIP to a full application. The 90% market is very poor at present with only Leeds, Virgin, Platform and Bank of Ireland offering standard products. + +Nationwide are available if you are a first time buyer and are not relying on a full gifted deposit. + +There are a handful of local lenders also offering products with very specific criteria such as living in a certain postcode area, having charges on your parents homes/savings. + +Hsbc will still offer rates up to 80% through brokers and up to 85% with them directly. +I've done months, No years testing out a lot of strategies but I've not been profitable. + +Is forex really profitable and worthy investment or is it just gambling? +Hey y'all. + +I live in the Pacific Northwest, and have come to realize that unless I fight really hard, I probably won't be able to afford a house in the places that I want to live here with the exception of places far out in the country. + +I've been considering relocating for a while. I've been scouting out a bunch of places, and two stand out to me the most: Albuquerque NM and St. Petersburg Florida, where I have enough saved that if I were to move to either of these places I could possibly buy a condo within 1 or 2 years. + +I wouldn't mind living in these areas, but I also don't know if it's worth it to up and move my entire life for it. On the other hand, the housing crisis is giving me anxiety that if I don't act now, I'll never be able to buy a home in any place I want in 10 years except in like, north dakota. +Hello. + +I work and live in Luxemburg. + +I called my bank and they would only accept a mortgage loan if the property is in Luxembourg or within 50k of the border. i don't know if you are aware but the real estate in Luxembourg is all over the place.. you need 4 generation to be able to acquire something. + +has anyone ever done a loan in your country of residence to acquire something in your country of birth? +Hi All, + +I'd like to understand what are 'low-tax' countries in Europe for people that have good savings/investments (few hundreds thousand euros). I'm talking about wealth/cap gain/dividend taxation, not on income. + +For example, Ireland is good from one perspective because they tax resident people (non-domiciled, i.e. without Irish origins) on a remittance basis - only if they bring the proceedings of their investments into the country. If not, only irish-sourced income/investments are taxed. I am not sure what happens in case of ETFs investments holded on a foreign account...are they taxed in Ireland? + +Netherlands, on the contrary, tax the worldwide income/investments. There is not a formal wealth tax like in Switzerland, but on the contrary they tax savings/investments at 30% assuming a given return (totally hypotetical). I don't really like this kind of taxation as wealth is taxed regardless if invested or not. Also, it means a lot of reporting... + +Any suggestions on a tax-on-investment friendly country? What about Switzerland? I'm asking because I would like to consider also taxation on investments within other factors for my next move within EU. +I feel this community isn't doing justice to new people posting their portfolios when they have QYLD inside it. I often facepalm or continue to shake my head if I see that dreaded ticker inside their portfolio. + +Hey, I am not telling you how to invest. But I will say it now - **QYLD is a bad ETF.** + +If you are a new investor looking to get involved in defensive, high quality companies with consistent stock growth and dividend payouts, **don't go after this ETF.** + +I will show you why. I will compare to SCHD, QQQ, and SPY, with this site here: [https://dqydj.com/etf-return-calculator/](https://dqydj.com/etf-return-calculator/) \- This site continues to confirm how stocks do with dividends reinvested. I will be sorting these stocks based on QYLD's inception data of 12/13/2013. Each with 10k invested starting. + +**SCHD** \- 28,721, with an average return of 12.47. + +https://preview.redd.it/xj1l2twmnk5a1.png?width=747&format=png&auto=webp&s=4f41d6d0eca62be44d2c5c82be0fd085a2b9a09a + +**QQQ** \- 36622 - 15.57% Annual Return + +https://preview.redd.it/n6hqm964ok5a1.png?width=758&format=png&auto=webp&s=93a94e9c6c0a735f23db94a98a5cf0d3817425ae + +**SPY -** 26309 - 11.39% annual return + +https://preview.redd.it/tx1jqp2dok5a1.png?width=787&format=png&auto=webp&s=d3f45ad1076b1c1ca0403b00edc2110bca18d2c2 + +**QYLD** \-16815 - **5.97%** Annual return + +&#x200B; + +https://preview.redd.it/ck569ezhok5a1.png?width=826&format=png&auto=webp&s=10fb4f6aa5bced94292030b50c7d5408a1a55ea4 + +QYLD on average since its inception has only pulled a 6% average return, and this is the end result with all 4 ETFs. **Even during this stock depression/downturn.** This ETF doesn't go up when the markets are doing well, and when the stocks go down, this thing goes in free fall with them. Hell, even Reality Income, a REIT, has a 11.47 return since QYLD's inception. The above diagram shows similar style behavior in loss to QQQ even. I know it tracks that, but oh well. It is not what it should be doing. + +Please stop recommending this ETF to new people that want to invest in DRIP/Dividends. + +**Edit 1**: There have been a couple of arguments that have come up in the past 10 or so hours since I have created this. + +**Argument 1 -** You're not being fair to QYLD and your selected timeframe continues to not show relative data. Its only a selected timeframe. + +**Answer:** I do not understand why people continue to bring this argument up. Sure, the data above I show a bull market that is one of the biggest in history during low interest rates, but what data do you want me to use? QYLD came out in 2013. There is no data going past that. Especially to the "Dot Com Burst" that all of you want to mention. Your argument is just as flawed as QYLD's timeframe itself, as there is no data past 2013. + +**Argument 2 -** I don't care about this ETF and only care about the monthly payouts. It sits and I do nothing, and it pays me. So you are wrong and I am right. + +**Answer:** Again, another false claim, if you look at the data. This ETF's value at a stock-based price has depreciated by 34% since its inception in 2013. In respective terms at a 11% dividend, you've technically killed 3 of the 9 years since this ETF has been created in value alone. Say what you want about DRIP and other things, that is the case here, and you cannot deny it - + +https://preview.redd.it/et38z95ybo5a1.png?width=689&format=png&auto=webp&s=af4b3dc20289dd20911d0c4136158f48541132ec + +If it stayed stagnant at 25-23 range, I would understand a bit more there. There is another ETF that does that though - QQQX. QQQX has stayed relatively stagnant since its inception compared to QYLD. The only difference is that QQQX doesn't pay out a monthly dividend. The fact QYLD goes down during the biggest bull market of all time and continues to go down even faster during the recent downtrend is a huge red flag. + +You'd be better off continuing to invest in SCHD without reinvesting the dividends and selling 3-4% of the stock each year. SCHD would still pull around a 7-8% return on average with the dividends not reinvesting, still pulling a long term positive on your money. This hybrid model has been done by others with great success. + +If you're down for deprecating value and not getting a solid return on investment longer term, even at the older years, go for it. I don't see any argument here other than convenience and you not having to do any profile maintenance. Which is not really too smart at all. + +**Argument 3 -** You're making fun of my investment. My ETF is part of my religion, and I don't appreciate that. + +**Answer:** We need to be speculative and have an open mind set on criticism. If you don't do that with the finance market, then something is wrong. I feel bad that you have drawn an attraction to a stock/ETF, where the main goal of the institution is to make a profit on your investments. Since QYLD has a high expense ratio, that is another huge problem. + +No comments below have given me a detailed response showing QYLD being actually good, with proper data. +It's happening! + +Link: [https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) + +From the article: + +>[JPMorgan Chase & Co.](https://www.bloomberg.com/quote/JPM:US) is poised to sell $13 billion of bonds, setting a record for the largest bond sale ever from a bank, according to data compiled by Bloomberg. +> +>The longest portion of the [five-part offering](https://www.bloomberg.com/news/terminal/QRMBW8GQOFSW), a 31-year security, is expected to yield 107 basis points above Treasuries, according to a person familiar with the matter. The sale comes a day after JPMorgan reported strong first-quarter [earnings](https://www.bloomberg.com/news/articles/2021-04-14/jpmorgan-posts-investment-banking-fee-surge-while-loans-decline), including a 15% increase in fixed-income, currency and commodity trading revenue and a $5.2 billion release from its credit reserves. Rival Goldman Sachs Group Inc. is also [selling bonds](https://www.bloomberg.com/news/terminal/QRM8YZGENSW0) Thursday. +> +>The previous largest sale by a bank also came from JPMorgan, a [$10 billion offering](https://www.bloomberg.com/news/terminal/Q8UJIMDWLU6Y) in April 2020, the Bloomberg-compiled data show. +> +>JPMorgan is the sole bookrunner of the sale, and the proceeds are marked for general corporate purposes. + +&#x200B; + +edit: for some context check out the following links: + +[https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[https://www.reddit.com/r/GME/comments/mhw44x/wondering\_where\_tf\_the\_sec\_is\_the\_financial/](https://www.reddit.com/r/GME/comments/mhw44x/wondering_where_tf_the_sec_is_the_financial/) + +TL:DR from the second link above: + + Remember❗Hedgies aren't just shorting GME to oblivion. They've been doing this to US Treasury Bonds. Particularly 10 year ones. If that implodes, then the government can no longer guarantee the value of its own dollar, because those "insurance policies" i.e. US bonds are worthless=Dollar go boom 💥 Treasury Secretary Yellen called a meeting to seemingly stop that boom. +So around two and a half months ago, I abruptly lost my job. I am, admittedly, in a field where it is not too difficult to find a job so I didn't panic but it was stressful for me and my wife. But, thanks to the advice on here and the work we have done to manage our finances, it wasn't as traumatic as it could have been. + +First, we had been budgeting and saving and living frugally for the past few years. Because of this, we were able to live off of my wife's income and the unemployment I was receiving without too much of a lifestyle change. + +Second, while I started a new job this week, I will not get paid until the 15th. Although we only had about $2500 in savings in our emergency fund, during this first week of my job, we incurred a few large veterinary bills totaling close to $1000, which was frustrating, but we paid them while staying debt free and didn't have to worry about being able to pay bills. + +Just a good success story from even having a small emergency fund and a solid budget. Thanks /r/personalfinance ! +Hey, Intel is down 50% YTD. Solid dividend 5% yield. There are bad news like Germany factory or Ireland workers. What do you think? Any light for Intel for next year? +If Amazon’s sudden stock split during the current economic and political circumstances we have say anything, it’s that the rich are super desperate to get the uninformed and stupid retail masses to hold their bags before the economy really crashes. + +We’ve already have an over 10% decline in the last two months, worse than the Great Depression’s first year and nearly as bad as the first year of the Great Recession, but judging by the way things are going in the world this is just the beginning. + +And we already know all this with all the DD that’s been done on this sub and are well prepared for it by investing in a company that alone has made a huge turnaround with incredible future potential, will still do well during a recession, and is a huge risk to short sellers because of this; GME. + +But for the uninformed masses, they may buy into the narrative that they should “buy the dip” while the getting is good when in reality this “dip” hasn’t even reached the bottom it will in the next few months. + +And here comes the poetic Justice; + +Even if retail wanted to hold the rich’s bags, buying up all their assets that would be worth far less in the near future, most can’t afford to do so. + +Why? Because of the very same actions and policies put in place by the rich to make themselves richer and the poor poorer. + +More money for executives and less for workers. + +Drive up the cost of everything to ridiculous levels so that only the rich can afford the things past generations were able to get for far less work. + +Implement policies and print trillions out of thin air that will help bail out and prop up the stock market at the cost of horrific inflation in the future. + +All of this made the rich more money in the short run, but it took a lot of money out of the hands of the 99%. + +And now that the rich want to cash out, they can’t because the only way they can get out is if the 99% hold their bags. Yet in today’s economic climate which was a result of the rich’s doing, the 99% can’t afford to hold their bags… + +This current situation was created by the rich, and it will be the rich that feel it the most. + +I find this to be a beautiful case of poetic justice. +I’ve seen a lot of posts here about how those who fatfired handle relationships with friends and family but haven’t seen anything on how people handle explaining to their kids why they are not working. For background we’re quite fat but not retired yet and are planning to retire in a few years (will be in our early 40s once we do). We live in a well off neighborhood but definitely well below our means so we do not seem rich to our kids or anyone else. We want our kids to grow up with a good work ethic and achieve something in life on their own so not sure what kind of example it would set if we just didn’t work. Our kids will be 6 to 10 years old once we retire in a few years. What has worked well for you or what problems have you had with your children after you retired and your kids saw you not working when all the other parents are working? + **Introduction** + +After losing money trying to speculate on the direction of cryptocurrencies, I've been looking into market-neutral/arb strategies, and I came across a type of arbitrage that seems promising, so I've decided to share it. + +The strategy is staking arbitrage. With crypto staking, you lock away your coins for a period of time, and you get paid back rewards in the coin that you're staking. When you average these rewards, you can get an annual return from anywhere in between 3% per year, all the way up to multi-hundred % returns per year. The problem with this is that the crypto market is incredibly volatile, and holding most coins for an extended period of time is essentially just gambling; a 200% apy means nothing if the coin loses 95% of its value within a few months. A solution to this problem is to short the underlying, in order to milk the risk-free staking rewards while hedging yourself against downside risk. + +**Strategy** + +NOTE: I tried posting this before and it got deleted by automod due to me naming the example ticker that I used to perform these calculations. This strategy can really work with any crypto that can be staked and is tradable through futures. The coin used in this example is pretty well known, so you can probably figure it out. + +While rates fluctuate, at the time of writing this post, \[coin\] is currently paying 62.84% apy. + +Put 40% of your capital into \[coin\], then put the remaining 60% into a perpetual futures account. Start staking your \[coin\] on \[dex\], then open a short position on \[coin\] with 40% of your investment, leaving the rest as collateral to prevent liquidation. + +Funding rates also must be considered. The market has been bearish for the past few months, so funding rates are currently negative. At the time of writing this post, \[coin\] perpetual futures have a -0.006% funding rate on ftx. This results in a -6.57% annual funding rate. Keep in mind that if the market begins to rise, funding rates would reverse and you'd actually be getting paid to hold short positions. + +After considering these factors, this strategy would yield 22.508% annually before considering transaction fees, spreads, etc. + +**Discussion** + +There are still certain risks present with this strategy. The primary one being that as more people start staking, the rates will begin to drop. If the staking rates drop below the absolute value of the funding rates, this strategy is completely dead. However, up until then, it's essentially free money. +&#x200B; + +[ u\/Sharkbait\_lol, u\/grungromp, u\/pinkcatsonacid, u\/bye\_triangle, u\/redchessqueen99, u\/Captain-Fan ](https://preview.redd.it/vl0eafzinh571.png?width=1426&format=png&auto=webp&s=6d3ea311998d5d9c206c00173a126eb346020982) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📉 + +# $GME Closing Price: $222.50 + +&#x200B; + +Open Price: $226.36 + +Daily High: $229.25 + +Daily Low: $208.00 + +Volume: 7.2 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) (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. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +https://preview.redd.it/h5urj97nkh571.jpg?width=1080&format=pjpg&auto=webp&s=b2d259f2f08be21cc251d0cc4e6846c4612fd84f + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTC-2021-005 IS NOW LIVE + +&#x200B; + +[RELEASE HER, u\/RaxisX ](https://preview.redd.it/w89u7vh4sh571.png?width=450&format=png&auto=webp&s=9353444f4ed22fc523db417c45f52526908447a6) + +&#x200B; + +[Link to the filing](https://www.dtcc.com/legal/sec-rule-filings) + +[credit u\/Sharkbait\_lol](https://preview.redd.it/krhb011xih571.png?width=907&format=png&auto=webp&s=3bc5e5dd3beb5f97bede0d1f201797e24ec88052) + +&#x200B; + +**AND IT'S EFFECTIVE IMMEDIATELY** + +&#x200B; + +https://preview.redd.it/izllxro5jh571.png?width=632&format=png&auto=webp&s=652040f562618a636cde93e48e1f86aa306bb678 + +**So what is 005?** + +&#x200B; + +DTCC-2021-005 Asset Tagging and Share Lending Revisions + +*Prevents loaned/borrowed shares from being loaned/borrowed more than once.* + +&#x200B; + +However, for posterity, please note the verbiage on page 15 of the filing. + +&#x200B; + +[🤷‍♀️](https://preview.redd.it/m82tudwyoh571.png?width=761&format=png&auto=webp&s=5f12baa59ab8a5d08ed1517309721e03277c2b13) + +Sounds like that might explain those new rehypothecation accounts Goldman suddenly has... But this could also be a sign that 005 isn't everything investors have been thinking it would be. + +&#x200B; + +Update: Seeing lots of wrinkle brains saying #005 could still be tit-jacking, just might be plausible deniability after their lack of enforcement may have destroyed the world economy. Basically clarifying the rules they've been ignoring, and saying "ok we will enforce them now". + +&#x200B; + +# ⚠ Proceed to hype with caution ⚠ + +&#x200B; + +# [There was also a closed meeting today of the Board of governors of the Federal Reserve System to discuss monetary policy issues.](https://www.federalreserve.gov/aboutthefed/boardmeetings/20210615closed.htm) + +&#x200B; + +Followed by a Press conference where Vice President and Treasury Secretary mentions "we must reimagine our economy" AT THE SAME TIME 005 WAS FILED. + +&#x200B; + +# L.F.G.🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/zedinstead + +&#x200B; + +**Superstonk Lineup** + +https://preview.redd.it/yvx3au7nfh571.png?width=640&format=png&auto=webp&s=16bb77e46e70aa952c98dac537318978c3573fb8 + +&#x200B; + +&#x200B; + +https://preview.redd.it/se7ibs5qfh571.png?width=640&format=png&auto=webp&s=ef45410e9f4016e8a39d0fea81a8f183fd3b30c6 + +u/zedinstead **is an ape with some unreal talent! Not only does he make cool graphics like these...** + +# 🍿🎥 HE MADE A MEME MOVIE 🍿🎥 + +1. [Opening Credits/Box of Crayola](https://old.reddit.com/r/Superstonk/comments/nk727h/the_forrest_gump_gme_meme_movie_opening/) +2. [Trades that just don't make no sense](https://old.reddit.com/r/Superstonk/comments/nz5m99/the_forrest_gump_gme_meme_movie_continues/) +3. [Brick and mortar stores](https://old.reddit.com/r/Superstonk/comments/niyzbo/i_was_just_showing_him_a_thing_or_two_about_brick/) +4. [GME and Me like peas and carrots](https://old.reddit.com/r/Superstonk/comments/nhafm9/gme_and_me_was_like_peas_and_carrots/) +5. [BUY like the wind blows](https://old.reddit.com/r/Superstonk/comments/ni2f24/you_wouldnt_believe_me_if_i_told_you_but_i_could/) +6. [Make me a rocket](https://old.reddit.com/r/Superstonk/comments/nwvhse/if_they_keep_delaying_moass_then_im_just_going_to/) +7. [He sure can BUY](https://old.reddit.com/r/Superstonk/comments/nx37d3/how_many_forrest_gump_memes_can_i_make_while_they/) +8. [Have you ever read the DD?](https://old.reddit.com/r/Superstonk/comments/nzab86/if_they_continue_to_delay_moass_then_i_will/) +9. [Shill Sergeant](https://old.reddit.com/r/Superstonk/comments/nhthsk/answer_every_fud_question_with_buy_and_hodl_shill/) +10. [DIAMOND HANDS](https://old.reddit.com/r/Superstonk/comments/nhzqnf/take_care_of_your_diamond_hands_and_dont_do/) +11. [Didn't quit for 4 months](https://old.reddit.com/r/Superstonk/comments/nh2af3/one_day_we_started_buying_gme_and_we_didnt_quit/) +12. [MOASS: Day 1](https://old.reddit.com/r/Superstonk/comments/njypx0/moass_day_1_just_like_that_somebody_stopped/) +13. [Twitter Posts](https://old.reddit.com/r/Superstonk/comments/niu0ik/they_said_it_was_million_dollars_a_share_but_the/) +14. [HODL Pong](https://old.reddit.com/r/Superstonk/comments/nj7vmi/for_some_reason_hodling_shares_of_gme_came_very/) +15. [8-K Filing Speech](https://old.reddit.com/r/Superstonk/comments/nwojpq/the_forrest_gump_gme_meme_movie_part_11_of_15_the/) +16. [Why are you so good to me? Cause you're my stonk](https://old.reddit.com/r/Superstonk/comments/nxo453/delay_moass_ill_just_keep_on_buying_and_adding/) +17. [Lights are on in that building](https://old.reddit.com/r/Superstonk/comments/nibq23/the_lights_are_on_and_i_think_there_is_some/) +18. [I'm not a smart man, but I know what HODL is](https://old.reddit.com/r/Superstonk/comments/nhtiaj/im_not_a_smart_man_but_i_know_what_hodl_is/) +19. [I just like the stock](https://old.reddit.com/r/Superstonk/comments/nhif1u/when_i_suffered_fud_i_read_the_dd_when_i_got/) +20. [It's the most beautiful DD I've ever seen](https://old.reddit.com/r/Superstonk/comments/nhf8mf/its_the_most_beautiful_dd_ive_ever_seen_but_is_he/) + +&#x200B; + +Seriously unreal talent in this community! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Worth Repeating- We Just Like the Stock!! + +&#x200B; + +&#x200B; + +https://preview.redd.it/9g82ltqmlh571.png?width=480&format=png&auto=webp&s=3b461af036d5ce9c3da97a20d8a01e8764014fa6 + +There has been a lot of conversation (FUD) over the weekend about "Fuck you, pay me" and referring to being involved with trading $GME simply because you want to become rich and purely to trigger MOASS. Or because "we're Occupy Wall St. 2.0!" (**NO**). + +&#x200B; + +**THESE ARE NOT THE PURPOSE, INTENT, OR COLLECTIVE SENTIMENT OF THIS SUBREDDIT.** + +&#x200B; + +https://preview.redd.it/3kpf14lnlh571.png?width=603&format=png&auto=webp&s=c8782761d730c8f40a8f25ef9ddffed31c3b6d9b + +Superstonk is a community of individual investors that believe Gamestop as a company is an excellent long-term investment that has huge potential in an untapped market with an Avengers-level team of executives that will likely redefine the face of retail in the 21st century. This community was **not** made to discuss other stocks the way /WSB or /investing do. This sub is a congregation of individuals- in that sense, a collective "we or us"- that supports the vision of the company Gamestop long-term, especially its current chairman, Ryan Cohen. We like the company. We like the stock. That's it. + +And a little refresher on the we/us debate- **WHEN WE SAY "WE OR US", WE ARE TALKING ABOUT THE SUB'S COLLECTIVE WE/US AS A COMMUNITY.** There is nothing wrong with that! + +&#x200B; + +https://preview.redd.it/gcgti8yolh571.png?width=740&format=png&auto=webp&s=8194c5c15d9225b88e5ff6a6bf603cedf7574e58 + +&#x200B; + +Use of the words We/Us are NOT EVIDENCE OF MARKET MANIPULATION. + +&#x200B; + +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:** + +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 times. And they were all people in the industry.](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3) + +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; + +[Y'all aren't imaginary, right?](https://preview.redd.it/zycjeejklh571.png?width=800&format=png&auto=webp&s=07af020341a84d13ee318088231183cfe4cb4e07) + +We are a community of individually-minded investors. And no one can stop us from liking and discussing a stock. That's what they want you to think. **Saying "we" or "us" when talking about Superstonk is just talking about the membership of this subreddit.** There is nothing there that's illegal or negative in and of itself. All "we" do is gather here and discuss the future of a company we all love and have invested in because we believe in the future of the leadership. + +&#x200B; + +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. Companionship is essential to the human experience. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮ + +&#x200B; + +https://preview.redd.it/9zwpfqbjlh571.png?width=549&format=png&auto=webp&s=d937473562cef3861c81af1386c12c8170e2d901 + +&#x200B; + +With that being said, **WE HAVE NO LEADER HERE**. [r/Superstonk](https://www.reddit.com/r/Superstonk/) has administrative users that moderate the community according to site rules. That's it! When it comes to leaders, mods are just the administrators of the environment. The groundskeepers in this beautiful jungle. This community was built by apes, for apes. With no one user more important than the other. **APE**= **A**ll **P**eople **E**qual ✊ No politics. No religion. No leaders. No divisiveness. Just excellence and the stock we love. + +&#x200B; + +[WE DON'T HAVE ONE!](https://preview.redd.it/0pi5ys2ilh571.png?width=1000&format=png&auto=webp&s=42101742a577050aa7731ab34e0568065fd40439) + +**Here's a few notes from** [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)'s **Weekend Update** + +&#x200B; + +1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and (on Desktop) looking at the side bar, and (on Mobile) under the About menu. +2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy. +3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it. +4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub. +5. TL;DR: We like the stock. We love the company. We are apes. That's about it. + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[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) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/c0t0eputlh571.png?width=1600&format=png&auto=webp&s=cb919467a2cccd4901d8a139a1bc93fdd44e6030 +I am but a simple primate with a brain not too dissimilar in structure to a pebble you might use to skip into the ruddy waters of a small creek you grew up next to. + +What follows is highly likely to be nothing more than evidence of my early onset dementia and it is *certainly not any kind of advice,* but I felt compelled to share it in the event it is a useful puzzle piece to anyone whose has been wondering about a possible relationship between hedge funds and crypto holdings, the sort that have been circling the rumor mill lately. + +I stumbled upon u/itsblockchain's [post](https://www.reddit.com/r/CryptoCurrency/comments/ngydk5/a_mysterious_bitcoin_whale_who_sold_3000_bitcoins/) about a particular [BTC address](https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ-full) and, on a whim, decided to have a little look-see. A few hours later, here's what I know: + +The collosal whale in question has mostly been in BTC accumulation mode only since early-2019 with its tidy initial investment of some $4 million. It has the unique distinction of selling their crypto (now valued at $4 billion!) at points that appear to coincide with the price action of large GME movements over the last 4 months. I've been trying to map everything to lineup with options expiries, buys, etc., but it's absolutely too much for my velvety-smooth frontal lobes. More on that in the conclusion. + +Before I share these screen grabs, it's worth noting that what makes this address so special is that these are *the only* times they sell from January onward this year. Another interesting point is that virtually all of their sell-off events are in multiples of 1500BTC lots. (This last point may just make for easy accounting since the underlying value has changed so much, but feels worth pointing out). + +Okay, onto the data: + +* On January 11th, GME begins its ascent from $19.94 to a high of $347.51 on January 27th. Our whale sells three lots of 1500BTC, totaling $144,194,982.18. + +[Jan 11 sell-offs.](https://preview.redd.it/60689zct06171.png?width=2308&format=png&auto=webp&s=0ce5c97c93c8d2c05000370e6f2138b79e288c2b) + +* On January 28th, GME drops to $193.60. Our whale sells two lots of 1500BTC, totaling $97,863,593.77. + +[Jan 28th sell-offs.](https://preview.redd.it/rakucqnw06171.png?width=2396&format=png&auto=webp&s=ca598eaa7f0342285c8313f618d207281751d5c7) + +* On January 29th, GME rockets back to $325. At the same time, our illustrious whale appears to have taken a liking to krill-flavored, gold-plated, gourmet Funyuns^(R) and promptly liquidates a whopping $336,754,682.47 of BTC in 3 lots. + +[Jan 29th sell-offs. Probably a coincidence.](https://preview.redd.it/92b8xyuz06171.png?width=2308&format=png&auto=webp&s=14e800ee2d3e8a5f35f6a105a869d176cf3b61fc) + +* By February 4th, GME has come down to $53.50, then rises to $63.77 and falls again to $60 over a 4-day period that resembles what professional investors call a "nipple". The whale liquidates $121,945,686.75 over the same period. + +[Early February sell-offs.](https://preview.redd.it/rpcjmgh516171.png?width=2298&format=png&auto=webp&s=2bda4f94ca4f14c8a29972ea2ba5804f1979deee) + +What follows are 3 more sales of BTC, all in the same 1500BTC lots: + +* April 11th and 13th - 3000 BTC worth $183,717,827.45. + +[Yawn.](https://preview.redd.it/idryq48816171.png?width=2320&format=png&auto=webp&s=566ba29ef7acab9c5f31bede3c88afb21342a849) + +* May 4th and 6th - 3000 BTC worth $167,099,254.90. + +[Nothing to see here.](https://preview.redd.it/742179nb16171.png?width=2300&format=png&auto=webp&s=4481b0d1591cc4cf9525c0ddbf0e1ea5f7d563b3) + +* May 8th - 3000 BTC worth $175,510,763.61. + +[Surely not related to liquidity issues.](https://preview.redd.it/g7zw1iod16171.png?width=2364&format=png&auto=webp&s=d1c50bea05c48fdcf973b17c1926f5482f32577c) + +Here's a helpful chart provided by u/teacoat___ that overlays the dates above (blue lines) on the movement of GME. + +[Thanks, u\/teacoat\_\_\_!](https://preview.redd.it/ky0roqid2b171.png?width=1637&format=png&auto=webp&s=a73824fb477b647c9cc33ab4d65ef79445102068) + +To be completely fair, it's worth pointing out that correlation does not equal causation. We don't know who this account belongs to other than that they are: + +* an entity that has been fortunate enough to funnel *hundreds of millions,* nay *billions* in crypto in 2 years, +* that they pretty much only accumulate, but +* when they *do* spend, it's for who knows what that *just so happens to coordinate with massive price movements in a totally random stock*. +* Also, their selloffs correlate inversely to in-progress or the beginnings of BTC price rallies which would be the worst time to sell off unless you *absolutely needed to.* + * Jan 27th - BTC begins rising from its low of $30,432.55 to $57,539.95 on Feb. 21st. + * April 11th - BTC is in the middle of another of its attempts to reach its zenith that comes at $63,503.46 on April 13th. + * May 4th - BTC goes from $53,333.54 to $58,803.78 on May 8th. +* Also, that their timing is impeccable. In the last two cases, they are able to time the high for the period after which are massive declines in BTC price, the latter of which has not yet been recovered from. This seems to indicate cutting edge *Market Whisperer*\-like abilities of the sorts that are available to those at investment banks. + +To wrap this up, I want to reiterate that I wrote this because both our sub and crypto's are beginning to speculate on the relationship between the two. What we *can* and *can't* say is important and worth pointing out. + +At this point, what I think we need, barring access to some government-grade analysis tools like Elliptic.co, is a way to analyze the blockchain a bit better. It would be helpful if we could, for example, compare similar addresses that *only* have spending dates that correlate with price movement of a particular publicly available stock as this one does in our simple illustration. This would bypass address and routing obfuscation often used by exchanges and stablecoins and allow us to make some *best guesses* without having to actually care about specifically naming names at this point. + +It's also worth trying to figure out what the other handful of pre-2021 sell-offs were a part of, if such a thing can be intimated at. Ditto for the April/May sell-offs and if there is any relationship to margin calls or known liquidity issues on the part of the hedgies. + +**CAN ANYONE LEND A HAND?** + +It bears repeating: I am an exquisitely smooth-brained ape. + +Feedback and comments welcome as this is my first quasi-aspirational DD. **#buy** and **#hodl** + +Edit 1: grammar and an additional question in the follow-up section. + +Edit 2: Another interesting fact that u/Chocowark helped me realize is that this entity also employs address *reuse.* In the crypto space, this is a big no-no because it reduces privacy by letting *any old ape* scrutinize your transaction history just as we're doing here. Trade analysts could theoretically also monitor your activity and front-run against you. Second, it implies that they're using an older wallet that doesn't support address regeneration. Most new wallets do this for you automatically, so the fact that this account doesn't use it would seem to indicate that they either a) don't have a new wallet (and are behind the security best practices curve), or b) that they actively disabled regeneration and *they want a record* in order to meet an obligation of auditing. + +Edit 3: Some commenters in the original post are scrutinizing this from a Bitcoin market-only perspective and seem to be under the impression that this address is just dumping blocks of Bitcoin to create liquidity out of the poor saps who see the drop and sell which lets the whale buy back in. It looks convincing except for the fact that they're NOT BUYING BACK IN when they should be if they wanted to make an immediate profit in Bitcoin as they could have. I tried pointing this out in my bullet points 4 and 5 above. Again, it could be a random fluke that this address just so happens to go active when GME had its biggest trading spikes, but neither Bitcoin nor GME seem to have moved in this entity's favor from the perspective of someone looking to profit in either market unless you consider their need to cover for something not stated. Again, still hypothetical and needs more DD. +#TL;DR (at the top this time) + +With the specific wording used by The SEC in their recent FOIA response, they may as well have just confirmed that the raw vote count in June was greater than the number of shares outstanding and that the DOJ is actively investigating naked shorting on GameStop and pursuing criminal prosecution. Buckle up, Fucklehead. + +#Predicting the SEC's FOIA Response... + +Good morning, apes! Three weeks ago, I wrote [this DD](https://www.reddit.com/r/Superstonk/comments/qx62z0/reading_between_the_lines_what_can_we_learn_from/) examining the verbiage of the initial response the SEC sent back to /u/automatedcharterer's FOIA request for the raw vote count from GameStop's annual shareholder meeting in June. In the DD, I proposed that several logical conclusions can be drawn from the similarities in wording of the SEC's response and the wording of their own written FOIA policy: + +1. Gamestop handed over the raw vote data to the SEC as part of their regulatory investigation, the SEC found evidence of criminal wrongdoing and handed the investigation over to the DOJ who currently maintains the record as a material piece of evidence in that investigation. +2. Whomever they're investigating—probably Kenny—has not been informed of the existence of this evidence. +3. The raw vote total would only be material evidence in a criminal case if it is greater than the total number of shares outstanding, which would prove that illegal naked shorting occurred on Gamestop. +4. If we accept that the vote total in JUNE was greater than the number of shares outstanding, it also effectively confirms that we own the float and then some and that shorts hadn't closed their positions at that point. + +I highly suggest reading the whole post to follow my train of logic and see for yourself just how closely what they wrote in the FOIA response letter matches their written policy. + +Most importantly, I outlined the following criterion to judge whether the conclusions I had drawn in the post were accurate and predicted how they would need to respond to confirm them: + +> If /u/automatedcharterer + receives a response "indicating that **the Office of FOIA Services was unable to locate or identify any responsive records"**, we know they used an exclusion which would basically prove this entire thesis. + + +#...And Getting it Right Almost Word-for-Word + +Well, yesterday was the day I'm pretty sure only I and /u/automatedcharterer had been anxiously awaiting. [The SEC's final response on the FOIA request is in.](https://www.reddit.com/r/Superstonk/comments/rcrrr5/sec_foia_response_to_the_question_of_the_raw_vote/) And well, I won't say I didn't tell you so (emphasis mine): + +>This letter is in response to your request, dated October 18, 2021 and received in this office on October 19, 2021, for any information about the actual shareholder vote count that was released in the June 9, 2021 8-K report for Gamestop. Any investigation into the total submitted votes in the months around that time. Based on the information you provided in your letter, we conducted a thorough search of the SEC’s various systems of records and consulted with SEC staff, but **did not locate or identify any information responsive to your request.** + +As you can see, their response matches almost exactly what I said we would need to see in order to confirm the conclusions drawn in my last DD. My tits have never been more jacked. But just in case what you've seen so far isn't enough to convince you, I went ahead and did a search for the phrase "locate or identify" in all of the SEC's FOIA documentation and it appears ONLY ONCE, in the same section where it describes the only circumstances in which it consults with the DOJ before releasing information. + +*On a personal note, after the research I put in on my last post, I thought the case was extremely compelling that the SEC has already done everything they can and is no longer involved in the investigation now that it's moved to DOJ. I think all the evidence points to that at this point and their final FOIA response here is basically confirmation of that. So maybe cut Gary Gensler a little slack. I understand wanting someone to blame in all of this, but I think directing that at GG or anyone in the SEC is totally misguided here. At every step of the way since taking the chairmanship, his statements have been extremely pro-retail. I suggest if you're stuck on the idea that he's one of the bad guys in all of this, you take a step back and be willing to challenge your assumptions and see the bigger picture: There is a 0% chance that he would have indicated that he handed this over to DOJ if/when he did, and he would have no power of his own to do anything past that point. His current silence on the issue is much more likely to be a positive for us than a negative.* + +**Edit: As multiple users have pointed out, Bloomberg put out a release shortly after I posted this about a DOJ probe into predatory shorting. In other news, I do not work for Bloomberg.** +> But there was no sign in the budget released by the White House this week of the trillion-dollar infrastructure plan that Mr. Trump touted last summer. Instead, he proposed slicing the Department of Transportation’s budget by 13 percent, or $2.4 billion. The cuts would put the Federal Aviation Administration under the thumb of the private sector, reduce funding for Amtrak and wipe out resources for new transit projects. + +https://www.nytimes.com/2017/03/17/us/politics/trump-budget-infrastructure.html?_r=0 + +Guys, I...... I..... I don't think we're getting that spending. +Shaquille O’Neal wants to make one thing clear: He doesn’t believe in crypto, if he ever did. + +That’s after being named in a class-action lawsuit against now-bankrupt cryptocurrency exchange FTX last month, for promoting the company in a June commercial. + +In an interview with CNBC Make It this week, the 50-year-old businessman and Basketball Hall of Famer took questions about his relationship with FTX while discussing his other business ventures. + +O’Neal has a long history of investing in companies he promotes, including his current enterprise, Shaq’s Fun House, an annual part-festival, part-carnival event. Those investments often pan out: O’Neal makes more off the court than he did as an NBA star, he told HBO’s “Real Sports with Bryant Gumbel” in 2018. + +But when it comes to FTX, he says, he was merely a celebrity in an ad. + +“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal says. + +Full article: [https://www.cnbc.com/2022/12/15/shaq-on-crypto-ftx-post-collapse-i-was-just-a-paid-spokesperson.html](https://www.cnbc.com/2022/12/15/shaq-on-crypto-ftx-post-collapse-i-was-just-a-paid-spokesperson.html) +A very quick word of advice. A family friend just mentioned to me that they got a lump sum of $23k after their family member died. Said family friend has lots of school debt, so she decided to pay one of them off fully that was in the hands of a debt collector. She called and said she has $23k and settled the debt right away. + +When she told me this, I wanted to tell her she fucked up, but I swallowed it and gave her my congratulations. + +She should’ve low-balled and said I got a lump sum of maybe $3k and start negotiations LOW. She showed all her cards and they said sure, $23k will do. + +And all that money that she definitely could’ve used was gone immediately. Don’t do that. Don’t show your cards. +This will be the 3rd AMA with Computershare, the transfer agent for $GME. They have graciously agreed to another one, to address any possible questions that they haven't addressed already. The only thing we ask is to leave a question that hasn't been asked already. + +Catch up if you need to - + +# [Computershare AMA 1](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/) + +# [Computershare AMA 2](https://www.reddit.com/r/Superstonk/comments/r5enlt/computershare_ama_part_2_video_link_transcript/) + +We have it planned for the end of the month🥳 +I’m looking for alternatives to Robinhood. I was looking at Webull. Has anyone used it? I have a Ally investment that I do my Roth IRA through. I’m just looking for something I can throw $100 a month and play around with. + 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 +Subex ? +Share your thoughts + +Positives: +has 0 debt, + +High cash reserves, + +No capitalised research and development expenditure, +98% customer retention over the years, +60% annuity revenue business, +2 new verticals which have started generating revenue with negligible variable/implementing costs(like Microsoft office, they incur development costs, put it online then whoever uses it, they have no additional expenditures) so over 60% of additional top line growth to get added to bottom line. Drastically improving margins, +Tie ups with tech Mahindra ( multi million dollar IT company ), Snowflake (one of the largest cloud company ), etc., + +Clientele includes 70% of global telco companies whcih can benefit drastically from their new product offerings in analytics, AI, identity metrics., + +Additional hiring last quarter, + + +Negatives: +0 promoter holding, + +Low growth in last 5 years, + +No major shareholder holding significant percent of total outstanding share, +I'm finding it incredible just how many people in crypto are confusing the triple halvening/cliffening which comes with the merge and EIP-1559. I have seen multiple YouTubers (and not the shitty bybit link shilling, shitcoin pumping kind) and many people on Reddit thinking that the cliffening is happening in the next month with EIP-1559. The amount of misinformation is frustrating. People are going to look at EIP-1559's respectable change to ETH supply (but not dramatic like the merge) and claim "oOh, LoOk, EIP-1559 diDn'T MaKe eThEReuM DefLaTioNaRy!" When in reality, EIP-1559 was never going to make ETH deflationary except for when gas fees were well into the hundreds of Gwei, something which is unlikely to last now that layer twos are taking off. + +Anyway, let me clarify for anyone who is still unsure: + +- **EIP-1559** will reduce the ETH going to miners by an estimated 30% and burn most of the transaction fees going forwards (it will also make gas fees *a lot* more stable. No more guessing what to pay to get into the next block!). This means ~30% less constant selling pressure from miners and anywhere between 0.5 and 5% of the ETH supply being burned each year. Most likely about 1-2% of supply per year based on gas fees over the last year. This would still leave ETH with a net inflation rate of about 1.5-3%. + +- **The Merge/The triple halvening/the cliffening** or whatever you want to call it is the move from Proof of Work to Proof of Stake. To do this, we will be merging the ETH 1 PoW blockchain with the ETH 2.0 PoS blockchain (which currently is running in parallel and has no transactional functionality, just staking, so if you stake your ETH, you're moving it to ETH 2 and waiting for a future update to allow for full transactional functionality on ETH 2.0). This upgrade will result in a reduction of annual ETH issuance from 4.5%pa to 0.5%pa since miners no longer need to be paid for all of the electricity they waste when securing the network It is also worth noting that after the merge, Ethereum will be the most secure and most decentralised blockchain with its over 150,000 validators and greater security guarantees from Proof of Stake due to the ability to slash (punish) bad actors. When combined with EIP-1559, this will result in ETH becoming deflationary or "ultra sound money" since the fees burned through EIP-1559 will be greater in value than new ETH given to validators/stakers. This upgrade is currently looking like it will go live in Q1 2022. + +Finally, I would like to give my own 2 wei on the effects of these upgrades. For over a decade now the crypto market cycles have revolved around the Bitcoin halvings when the supply of new coins going to miners halves. This is important because miners are majority sellers. They have electricity bills to pay and so the inflation from new coins is almost always being dumped on the market. If halving this amount can consistently create a parabolic run, then what do you think will happen when Ethereum gets rid of it entirely? There will be no automatic sellers and what little ETH is given to validators will be less likely to be sold as stakers by nature are ETH holders and don't have electricity costs to offset. Meanwhile, ETH is still sitting at a middle ground ETH/BTC ratio compared to the low and its 2017 highs set in a time when ETH had no apps, no DeFi, barely any NFTs except crypto punks, ETH 2.0 and PoS were still a pipe dream and there were no layer 2 scaling solutions. At some point the market will realise the significance of this supply shock and the price will adjust accordingly. Until then, I will keep on stacking ETH. +We covered 2019 and August 2020 through January 2021 in my last post: + +[The Crooks keep Cookin the Books (Volume 3)](https://www.reddit.com/r/Superstonk/comments/tdw59e/the_crooks_keep_cookin_like_nobody_is_lookin/) + +&#x200B; + +Previous volumes about previous fraud: + +[The Crooks keep Cookin the Books (Volume 2)](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +[The Crooks keep Cookin the Books (Volume 1)](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) + +**To recap:** + +* RC begins his initial buy in 8/13/2020 +* He buys over 6.2 million shares between 8/13 and 8/31/2020 +* He files his first 13D on 8/28 and then an amended version 8/31 +* This was the beginning of the OTC frenzy +* In August 2021, Robinhood submitted trades for August 2020 +* In December 2021, Drivewealth submitted trades for December 2020 + +&#x200B; + +Volume 4 will continue this conversation. + +# The January Jump-off 2021 + +https://preview.redd.it/5kr91lxmzay81.png?width=1048&format=png&auto=webp&s=d5dae7e81359edbe8232d2bd13d99b5b1d75181a + +* **1,262,397,065** shares traded overall +* **527,520,375** shares traded **OTC** +* **41.79%** of monthly volume traded **OTC** +* **8,031,573** total **OTC trades** +* Shares/trade was **65.68** overall, while RH shares/trade was 1.01 and Driveweath was 1.00 +* Robinhood's **1,852,210 trades** were more trades than Virtu (1,774,037), and second only to Citadel (2,557,687 trades) +* All other participants submitted their monthly trades to FINRA on 3/1/2021, while RH submitted their January 2021 monthly OTC trades on [8/12/2021](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) +* According to the monthly data, Drivewealth submitted their **401,797 brand new OTC trades** on **1/10/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Citadel traded **252,315,846 shares**, **47.81%** of all shares traded in January 2021. They also made **31.85%** of all GME OTC trades. + +In total, **2,254,007 trades** were added 8-12 months after the trades were supposedly made. These now account for **28.06%** of the total OTC trades for January 2021. + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +**Here's the latest data from the week of 1/25/2021** + +[Robinhood and Drivewealth have submitted 2,013,612 trades for the week of 1\/25\/21. They are now responsible for 30.02&#37; of all GME OTC trades for that week.](https://preview.redd.it/f0lrk1qziay81.png?width=1001&format=png&auto=webp&s=93426cb154a558bdff213410b42f8295aba50478) + +* **6,289,486 trades** were made OTC during the week of 1/25/2021 +* **186,346,005 shares** were traded OTC among 21 participants (**559,240,540 shares** traded overall) +* Shares/trade dropped from 167.64 (1/19/21) to **29.63** (1/25/21) +* Citadel traded **92,991,756 shares** (**49.90%** of the OTC shares that week) and made **1,983,757 trades** (**31.54%** of the weekly OTC trades) +* Virtu made 1,205,460 trades with 43,388,647 shares (35.99 shares/trade) +* RH posted 1,665,394 January 2021 trades in [August 2021](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) +* Drivewealth posted 348,218 trades in January 2022 (see above) + +&#x200B; + +# February Fuckery 2021 + +https://preview.redd.it/xn5n42i0mby81.png?width=767&format=png&auto=webp&s=3bacec3679ef34421c6703fcc116f03b26d0e909 + +* **827,561,959** shares traded overall +* **303,214,145** shares traded **OTC** +* **36.64%** of monthly volume traded **OTC** +* **8,842,686** total **OTC trades** +* Shares/trade was **34.29** overall, while RH shares/trade was 1.00 and Driveweath was 1.00 +* Robinhood's **1,316,242 trades** trailed only Virtu (1,991,314), and Citadel (2,653,066 trades) +* All other participants submitted their monthly trades to FINRA on 4/5/2021, while RH submitted their February 2021 monthly OTC trades on [8/19/2021](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) +* According to the monthly data, Drivewealth submitted their **557,604 brand new OTC trades** on **1/18-1/24/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Citadel traded **115,716,597 shares**, **38.16%** of all shares traded in February 2021. They also made **30.00%** of all GME OTC trades. + +In total, Robinhood and Drivewealth added **1,101,840 trades** 6 to 11 months after the trades were supposedly made. Drivewealth and RH now account for **21.19%** of the total OTC trades for February 2021. + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +# March Manipulation 2021 + +https://preview.redd.it/lz3gsaynlby81.png?width=1052&format=png&auto=webp&s=1c6927b1847484d6b0205d2fb026f41af489c04e + +https://preview.redd.it/39ijaroqlby81.png?width=1223&format=png&auto=webp&s=7bd1327e2036e5c24525dee54cd60b240023232d + +* **679,785,707** shares traded overall +* **253,160,215** shares traded **OTC** +* **37.24%** of monthly volume traded **OTC** +* **8,697,515** total **OTC trades** +* Shares/trade was **29.11** overall, while RH shares/trade was 1.00 and Driveweath was 1.00 +* Robinhood's **1,656,463 trades** trailed only Virtu (1,994,731), and Citadel (1,866,781 trades) +* All other participants submitted their monthly trades to FINRA on 5/3/2021, while RH continues to update their March 2021 monthly OTC trades as of November 2021. +* According to the monthly data, Drivewealth submitted their **1,025,550 brand new March 2021 OTC trades** on **1/25-1/31/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Virtu overtook Citadel for OTC shares and OTC trades in March 2021... They made 1,994,731 trades with 97,711,689 shares and were responsible for **38.60%** of the 253,160,215 shares traded OTC in March 2021. +* Citadel traded **31.41%** of all shares traded in March 2021. + +Drivewealth added **1,025,550 trades** 10 months after the trades were supposedly made. Drivewealth and RH now account for **30.84%** of the total OTC trades for March 2021. + +**The Crooks Keep Cooking the Books!** + +# Let's take a moment to discuss 2 very interesting weeks + +https://preview.redd.it/227rctjwlby81.png?width=1374&format=png&auto=webp&s=bd4abac575457434224e2d8bf07d65d79cebfb89 + +**2/22/2021** + +During the week of 2/22, RH accounted for 0.63% of the weekly share volume, but **22.27%** of the **weekly trades**. GME was **17.37%** of their total OTC activity for that week! + +GME was only **0.70% of the total shares** for these OTC participants, but **5.52% of total weekly OTC trades**. This doesn't include Drivewealth LLC's contribution, because that data has long since expired from the FINRA OTC Transparency website. + +GME was the Top traded OTC stock that week (by trades) and every single OTC participant (except Wolverine and LEK) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **35.38**, while the shares/trade for the Total OTC (including GME), was **303.66**. + +&#x200B; + +**3/8/2021** + +During the week of 3/8 (the week of the big dipper), RH was the top OTC participant with another **764,286 trades**. They were responsible for 1.00% of the weekly shares, but 22.53% of the weekly trades. GME made up **19.89%** of the total OTC shares and **20.93% of their total OTC trades that week**. + +GME was only **0.50% of the total shares** for these OTC participants, but **6.15% of the total weekly OTC trades**. Again, this doesn't include Drivewealth LLC's contribution, because that data has long since expired from the FINRA OTC Transparency website. + +GME was the Top traded OTC stock that week (by trades) and every single participant (except HRT) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **22.69**, while the shares/trade for the Total OTC (including GME) was **319.45**. + +&#x200B; + +# Here's the TLDR: + +https://preview.redd.it/dsaslowgmay81.png?width=1922&format=png&auto=webp&s=7c5ddc64aced72fed039190cccfb547b4c53068e + +All of Drivewealth's trades before 10/4/2021 were added December 2021 - February 2022. + +RH now reports making trades as far back as August 2020, when RC first bought in. + +# + +# Let's zoom back out to the monthly data for brevity sake + +https://preview.redd.it/pjrt3hdthay81.png?width=984&format=png&auto=webp&s=a251cf79efb41f843626f45e25137f73dfed269b + +On January 10, 2022, Drivewealth submitted 401,797 trades with 401,797 shares (1.00 shares/trade) for January 2021. They previously had reported 0 trades. They are now responsible for **5.00%** of the monthly GME OTC trades for January 2021. + +On January 24, 2022, Drivewealth submitted 557,604 trades with 557,604 shares (1.00 shares/trade) for February 2021. They previously had reported 0 trades. They are now responsible for **6.31%** of the monthly GME OTC trades for February 2021. + +On January 31, 2022, Drivewealth submitted 1,025,550 trades with 1,025,550 shares (1.00 shares/trade) for March 2021. They previously had reported 0 trades. They are now responsible for **11.79%** of the monthly GME OTC trades for March 2021. + +&#x200B; + +https://preview.redd.it/i3vr3zbamby81.png?width=991&format=png&auto=webp&s=bc0648876f5caf2f67e2bf5e5cae4ba7e0000172 + +On February 4, 2022, Drivewealth submitted 294,318 trades with 294,318 shares (1.00 shares/trade) for April 2021. They previously had reported 0 trades. They are now responsible for **12.00%** of the monthly GME OTC trades for April 2021. + +On February 9, 2022, Drivewealth submitted 162,273 trades with 162,273 shares (1.00 shares/trade) for May 2021. They previously had reported 0 trades. They are now responsible for **8.98%** of the monthly GME OTC trades for May 2021. + +On February 25, 2022, Drivewealth submitted 274,891 trades with 274,891 shares (1.00 shares/trade) for June 2021. They previously had reported 0 trades. They are now responsible for **11.85%** of the monthly GME OTC trades for June 2021. + +On February 17, 2022, Drivewealth submitted 92,621 trades with 92,621 shares (1.00 shares/trade) for July 2021. They previously had reported 0 trades. They are now responsible for **10.82%** of the monthly GME OTC trades for July 2021. + +&#x200B; + +https://preview.redd.it/cwq39933fay81.png?width=1018&format=png&auto=webp&s=313d0c66a683fba6ded0bb3021163f1e212bb728 + +On February 28, 2022, Drivewealth submitted 98,068 trades with 98,068 shares (1.00 shares/trade) for August 2021. They previously had reported 0 trades. They are now responsible for **10.63%** of the monthly GME OTC trades for August 2021. + +On February 28, 2022, Drivewealth submitted 77,528 trades with 77,528 shares (1.00 shares/trade) for September 2021. They previously had reported 0 trades. They are now responsible for **10.79%** of the monthly GME OTC trades for September 2021. + +On February 24, 2022, Drivewealth added 12.552 trades with 12,552 shares (1.00 shares/trade) for October 2021. They previously had reported 40,025 trades. They are now responsible for **11.39%** of the monthly GME OTC trades for October 2021. + +**Drivewealth LLC** is responsible for: + +* **11.59%** of November 2021 GME OTC trades +* **9.80%** of December 2021 GME OTC trades +* **9.16%** of January 2022 GME OTC trades +* **11.01%** of February 2022 GME OTC trades +* **9.12%** of March 2022 GME OTC trades + +&#x200B; + +[Here's a link to a separate post containing the weekly data](https://www.reddit.com/r/Superstonk/comments/ub3uqs/the_crooks_keep_cookin_the_books_drivewealth_llc/) for all the data donkeys out there. I didn't want to use up my 20 image allotment on those. + +Please note, the images at the end of that post are slightly different than these because I used extrapolated weekly data to come up with the March 2022 monthly totals (i.e. included 2/28 and 4/1). The numbers in this post are the official FINRA OTC numbers (for now...). + +In total, Drivewealth recently submitted **3,001,833** previously unreported **trades** from December 21, 2020 - October 4, 2021. + +These were submitted to FINRA December 2021 - February 2022, almost 1 year after the trades supposedly took place. + +Drivewealth now is responsible for **8.43%** of GME OTC trade totals. + +&#x200B; + +# TLDR in pictures: + +**Let's recap the OTC totals over the past 20 Months:** + +https://preview.redd.it/5u6de4gt7ay81.png?width=1044&format=png&auto=webp&s=36e4f0158444f1cf9c3fa92b7b7d5650ae720d78 + +This is the most updated OTC data available: + +* **1.983 billion** shares were traded OTC over 20 months from **August 2020 - March 2022** +* The total volume over the past 20 months was **5.047 billion!** +* **39.29%** of the total volume over that span was traded OTC, with another \~7% traded ATS (dark pools) +* **40,251,466 trades** were made OTC by these participants +* These participants are responsible for 99.05% of OTC trades and 98.36% of OTC shares traded + +&#x200B; + +# OTC Shares + +https://preview.redd.it/jy9raptqoay81.png?width=2243&format=png&auto=webp&s=0f48cd84188ec6e21335afed38cc4b8a95b16522 + +# OTC Trades + +https://preview.redd.it/6qfyu2tkfay81.png?width=2242&format=png&auto=webp&s=90db01d7e7df9340b26b31c569bc9b6fd3678679 + +# Monthly OTC Shares + +[Over 100 million volume OTC in September 2020, October 2020, December 2020, January 2021, February 2021, March 2021.](https://preview.redd.it/mq7x1gvy7ay81.png?width=2229&format=png&auto=webp&s=6eff039da3500b66363e806c7c8110d7d1ccbff6) + +# Monthly OTC Trades + +[OTC trades certainly increased in January 2021, with 6 straight months of \>1 million OTC trades.](https://preview.redd.it/bpnlj9q08ay81.png?width=2224&format=png&auto=webp&s=124352d9ba59354986cca4b6c797bf0eb30a9e8e) + +* **8,031,573** trades in January 2021 +* **8,842,686** trades in February 2021 +* **8,697,515** trades in March 2021 +* **2,452,631** trades in April 2021 +* **1,807,747** trades in May 2021 +* **2,320,109** trades on June 2021 + +And + +* **1,060,739** trades in March 2022 + +&#x200B; + +# Monthly OTC Shares/Trade + +https://preview.redd.it/xic5r7i28ay81.png?width=2298&format=png&auto=webp&s=fcad85117159fb7316dae8fcaf7ed598c89847ea + +The shares/trade is an interesting trend. After a major decrease in shares/trade from December 2020 to January 2021, we've been under 50 shares/trade for 13 months. There has been an increase in the number of shares/trade over the past several months, and to me, this seems to correlate with the increase in DRSed shares. In other words, they have to make larger trades. + +Here's a link to [a previous post of mine](https://www.reddit.com/r/Superstonk/comments/sruz7l/in_honor_of_our_beloved_chairman_i_present_69/), which references Dave Lauer's first Superstonk AMA. He talked about GME OTC vs ATS: + +From the [AMA transcript:](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) + +* Dave Lauer u/dlauer : + * "**So in November (2020), it was predominantly Citadel with a little Virtu and an even little more G1X** + * **This is market share, you can see that accounts for almost 85% of all OTC trading, and the rest is a bunch of smaller internalizers** + * And then it peaked for Citadel in January + * But what we've seen since then is actually **Citadel’s** market share in GME has dropped significantly and so has **G1X**, and **Virtu has really taken over** + * At the same time, the average trade size that's being executed OTC has *plummeted*. + * **This was honestly really astonishing to me.** + * I guess this is probably the Robinhood effect or the retail effect. + * But you can see in December, the average trade size for Citadel was relatively high, it was around 350 shares and for Virtu it was around 200, and a little over 250 overall. + * **And since then in January, I mean, these, these** ***dropped to under like 40 shares average trade size***\*\*.\*\* That was really shocking to me. + * Part of that has been the price increase, absolutely. + * But at the same time like an average trade size of **40 shares is extremely small.** I don't know what to make of it necessarily but I thought it was an interesting sort of data point to highlight. I just wanted to show that." + +# How does this compare to other stocks? + +Here's the shares/trade GME vs the entire OTC (including GME) for these same participants: + +[Hope to update this to include February and March 2022, but you get the idea.](https://preview.redd.it/xpdk85tm6by81.png?width=2360&format=png&auto=webp&s=532ca60250f68402d7c07b1a2d61c0350cfca6df) + +&#x200B; + +# Back to the Weekly Stats + +**Weekly Shares OTC** + +[Shows just how outrageous the OTC trading was from January - March 2021](https://preview.redd.it/3jk8brq98ay81.png?width=3405&format=png&auto=webp&s=d96564fc034309095cd199b42e9315461da19dd3) + +**Weekly Trades OTC** + +[Again, shows how insane the number of OTC trades was in January - March 2021, with some interesting increased OTC activity in March 2022.](https://preview.redd.it/qj4z514pday81.png?width=3325&format=png&auto=webp&s=dfa4bee6e8ae1c48c96296794f40e12b632832e1) + +&#x200B; + +# What about the Short Volume? + +Reported Short Volume vs Closing Price + +[Had to combine these 2 because I ran out of images... Highlighted on the 2nd graph is DFV's YOLO on 4\/16, and C+25+2 after that \(5\/24\), when we started a pre-earnings run-up.](https://preview.redd.it/e978cd4waby81.png?width=845&format=png&auto=webp&s=7288582b77322e5fc43f13ac6753c57ff0a152aa) + +**Reported Short and Long Volume vs Closing Price** + +This data is from: [https://stocksera.pythonanywhere.com/ticker/short\_volume/?quote=GME](https://stocksera.pythonanywhere.com/ticker/short_volume/?quote=GME) + +What's important to note about this data is that the total volume reported here only represents 41% of the actual total daily volume (i.e. 58.95% of volume is not reflected in this data). So where is the other volume? 40% OTC, 7% ATS, 11%??? + +However, the qualitative date is still very interesting. + +And they're reporting **373,102,576** in **short volume** over the past 294 trading days (vs 291,946,072 long volume). 55.37% of volume is reported short and 43.33% is reported long. + +Based on these trends, we should be expecting the next spike in volume right around the 5/25 - 6/2 timeframe (right in line with last year). + +&#x200B; + +**Some interesting Options data:** + +January 2023 [$1 Puts](https://finance.yahoo.com/quote/GME230120P00001000/chart?p=GME230120P00001000#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-) \- Big spike 1/25/22 and 4/19/22 + +January 2023 [$2 Puts](https://finance.yahoo.com/quote/GME230120P00002000/chart?p=GME230120P00002000#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) \- 1.72 million on **1/27/21** + +January 2023 [$3 Puts](https://finance.yahoo.com/quote/GME230120P00003000/chart?p=GME230120P00003000#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-) \- Big spike on 10/8 and 10/9/20 and **1/27/21** + +January 2023 [$4 Puts](https://finance.yahoo.com/quote/GME230120P00004000/chart?p=GME230120P00004000#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) \- Big spike on **1/27/21** + +January 2023 [$5 Puts](https://finance.yahoo.com/quote/GME230120P00005000/chart?p=GME230120P00005000#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjMuNDkyMzA3NjkyMzA3NjkyMywiZmxpcHBlZCI6ZmFsc2UsInZvbHVtZVVuZGVybGF5Ijp0cnVlLCJhZGoiOnRydWUsImNyb3NzaGFpciI6dHJ1ZSwiY2hhcnRUeXBlIjoibGluZSIsImV4dGVuZGVkIjp0cnVlLCJtYXJrZXRTZXNzaW9ucyI6eyJwcmUiOnRydWUsInBvc3QiOnRydWV9LCJhZ2dyZWdhdGlvblR5cGUiOiJvaGxjIiwiY2hhcnRTY2FsZSI6ImxpbmVhciIsInBhbmVscyI6eyJjaGFydCI6eyJwZXJjZW50IjoxLCJkaXNwbGF5IjoiR01FMjMwMTIwUDAwMDA1MDAwIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJpbmRleCI6MCwieUF4aXMiOnsibmFtZSI6ImNoYXJ0IiwicG9zaXRpb24iOm51bGx9LCJ5YXhpc0xIUyI6W10sInlheGlzUkhTIjpbImNoYXJ0Iiwi4oCMdm9sIHVuZHLigIwiXX19LCJzZXRTcGFuIjpudWxsLCJsaW5lV2lkdGgiOjIsInN0cmlwZWRCYWNrZ3JvdW5kIjp0cnVlLCJldmVudHMiOnRydWUsImNvbG9yIjoiIzAwODFmMiIsInN0cmlwZWRCYWNrZ3JvdWQiOnRydWUsInJhbmdlIjpudWxsLCJldmVudE1hcCI6eyJjb3Jwb3JhdGUiOltdLCJzaWdEZXYiOnt9fSwic3ltYm9scyI6W3sic3ltYm9sIjoiR01FMjMwMTIwUDAwMDA1MDAwIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkdNRTIzMDEyMFAwMDAwNTAwMCIsInF1b3RlVHlwZSI6Ik9QVElPTiIsImV4Y2hhbmdlVGltZVpvbmUiOiJBbWVyaWNhL05ld19Zb3JrIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6ImRheSIsInRpbWVVbml0IjpudWxsLCJzZXRTcGFuIjpudWxsfV0sImN1c3RvbVJhbmdlIjpudWxsLCJzdHVkaWVzIjp7IuKAjHZvbCB1bmRy4oCMIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6IuKAjHZvbCB1bmRy4oCMIiwiZGlzcGxheSI6IuKAjHZvbCB1bmRy4oCMIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI2ZmMzMzYSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fX19) \- 185,490 spike on **1/27/21** + +January 2023 [$7 Puts](https://finance.yahoo.com/quote/GME230120P00007000/chart?p=GME230120P00007000#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-) \- Spike on **1/27/2021** and 9/2/2021 + +January 2023 [$10 Puts](https://finance.yahoo.com/quote/GME230120P00010000/chart?p=GME230120P00010000#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjEyNi4xMTExMTExMTExMTExMSwiZmxpcHBlZCI6ZmFsc2UsInZvbHVtZVVuZGVybGF5Ijp0cnVlLCJhZGoiOnRydWUsImNyb3NzaGFpciI6dHJ1ZSwiY2hhcnRUeXBlIjoibGluZSIsImV4dGVuZGVkIjp0cnVlLCJtYXJrZXRTZXNzaW9ucyI6eyJwcmUiOnRydWUsInBvc3QiOnRydWV9LCJhZ2dyZWdhdGlvblR5cGUiOiJvaGxjIiwiY2hhcnRTY2FsZSI6ImxpbmVhciIsInBhbmVscyI6eyJjaGFydCI6eyJwZXJjZW50IjoxLCJkaXNwbGF5IjoiR01FMjMwMTIwUDAwMDEwMDAwIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJpbmRleCI6MCwieUF4aXMiOnsibmFtZSI6ImNoYXJ0IiwicG9zaXRpb24iOm51bGx9LCJ5YXhpc0xIUyI6W10sInlheGlzUkhTIjpbImNoYXJ0Iiwi4oCMdm9sIHVuZHLigIwiXX19LCJzZXRTcGFuIjpudWxsLCJsaW5lV2lkdGgiOjIsInN0cmlwZWRCYWNrZ3JvdW5kIjp0cnVlLCJldmVudHMiOnRydWUsImNvbG9yIjoiIzAwODFmMiIsInN0cmlwZWRCYWNrZ3JvdWQiOnRydWUsInJhbmdlIjpudWxsLCJldmVudE1hcCI6eyJjb3Jwb3JhdGUiOltdLCJzaWdEZXYiOnt9fSwic3ltYm9scyI6W3sic3ltYm9sIjoiR01FMjMwMTIwUDAwMDEwMDAwIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkdNRTIzMDEyMFAwMDAxMDAwMCIsInF1b3RlVHlwZSI6Ik9QVElPTiIsImV4Y2hhbmdlVGltZVpvbmUiOiJBbWVyaWNhL05ld19Zb3JrIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6ImRheSIsInRpbWVVbml0IjpudWxsLCJzZXRTcGFuIjpudWxsfV0sImN1c3RvbVJhbmdlIjpudWxsLCJzdHVkaWVzIjp7IuKAjHZvbCB1bmRy4oCMIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6IuKAjHZvbCB1bmRy4oCMIiwiZGlzcGxheSI6IuKAjHZvbCB1bmRy4oCMIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI2ZmMzMzYSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fX19) is broken + +January 2023 [$20 Puts](https://finance.yahoo.com/quote/GME230120P00020000/chart?p=GME230120P00020000#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-) \- Spike on **1/25/21** and **1/27/21**, then 6/22/21, 1/31/22, and **3/30/22** + +&#x200B; + +Get your shares out of their greasy, fraudulent hands... + +Buy, HODL, DRS, and Vote! +If so, just curious how In the actual hell you did it. Another thing I wanna ask if how are you doing daily and if you could go back in time, would you go to college instead? +Eric Adams, the mayor-elect of NYC just said he is going to take his first three paychecks in Bitcoin. After his promise to make NYC a crypto hub, this is a pretty strong follow-up action. Mayor of NYC taking his first paychecks not in US Dollar but in open, decentralized Bitcoin. + +Also, as you guys know, he is part of the Democratic party. This is interesting too, as until now, Bitcoin (I think) has been at risk of becoming a partisan topic as it was mostly Republicans that endorsed Bitcoin. + +edit: thanks for the upvotes and awards fellow Bitcoiners! I guess my contribution was pretty small (copy a tweet hehe) but nevertheless I feel thankful and I think I've never got awards before, makes me feel more part of the community! Hugs&sats to all! + +[https://twitter.com/ericadamsfornyc/status/1456311827550384129](https://twitter.com/ericadamsfornyc/status/1456311827550384129) + +https://preview.redd.it/9zsyjf8qamx71.png?width=662&format=png&auto=webp&s=e1fbf0f3fa8ef3838b14af6cbe65e390f3a4aa7f +In February 2018 I lost my retail job due to restructuring of the company. Shortly after, I found out that a. I'm losing my vision and b. I'm already severely visually impaired, legally blind. + +Since then, I've applied for tens of jobs per month, and had no success. Due to my vision, I can't drive, and I don't live in an area with a useful transit system. + +My fiance supports both of us on his salary, which definitely isn't enough that he can comfortably support me, but it is *just* too much for us to qualify for income assistance. Due to a medical professional shortage, we've had no luck in seeking out dusability benefits. + +I'm looking for any type of suggestions you can provide. We are already very frugal, we cook all our own meals, we don't eat meat or expensive processed foods, we walk anywhere that permits, we don't have Netflix, we buy used and upcycle everything we can. + +If you have any career ideas, ideas for affordable education options, any way to save or earn a bit extra, I would really appreciate it. +*Sorry for the wall of text. TL:DR at the bottom, but I think it's worthwhile to read the whole thing if you have time.* + +The demographics of this sub skew in three particular ways: high income, male, and young. This should be no surprise to anyone here, and it is likely the direction Reddit as a whole skews as well. + +Nevertheless, the [/r/FI survey](https://fisurvey.herokuapp.com/) shows that average income is somewhere in the low 100k range, 3/4ths of the sub is male, and ~60% of the sub is under 30. The first gets talked about here fairly often. The second, while maybe interesting on some level, doesn’t really have much of an impact on a whole lot of FI strategy or advise. The last one though concerns me, as it seems to be rarely discussed and it has a big impact on many FI/RE issues. + +**1. How we view time:** + +We all have a discount factor. The younger you are, the farther away certain ages look to you, and the more you discount your own well being in those years. There was a popular thread the other day where the top comment (at least when I checked it) was someone expressing surprise that 50 was considered early retirement. That’s shaving **a third** off your career, and it’s not a trivial achievement at all. The ERE/MMM, super short timeline approach is very popular around here, but it’s not the only way to reach FI/RE. + +Sometimes it feels like this sub considers any FI date past your mid 30’s as a failure, and it shouldn’t be that way. I’m not saying any one person thinks that way. But take 240k individual opinions that don’t explicitly think that, filter them through a voting algorithm that filters popular comments to the top, and skew the demographics consistently in one particular direction, and it can still become the prevailing viewpoint. + +**2. The amount of consideration we give to certain major life events:** + +**Edit:** *I've rewritten this section as part of it seemed to be distracting the conversation from the actual point I'm attempting to make here.* + +Many major life changes don’t get as much attention as they should due to the demographics of the sub. Preferences and priorities can, and often do, change over time in a way that many who are early in their journey don't fully appreciate yet. Additionally, while many life events are unpredictable or unforeseen, age and exposure to these events tends to impart a better understanding of their frequency and risks. A community that skews young will inherently under represent the risks these events pose to the success of a long term plan. + +These topics include, but are not limited to, marriage & weddings, divorce, care of an elderly family member, birth of a child, disability, changes to employment markets, and health care costs. All of those are *huge* expenses, that can drastically alter someone’s FI plan, that receive relatively little discussion on this sub. + +**3. Experience:** + +Consider this: If 60% of the sub is under 30, and we assume the large majority of those are college educated and didn’t enter the workforce until at least 22, then upwards of half of this sub may have never experienced a recession while they're in the market. Let that sink in a little bit because it’s a *big* deal. It’s going to have a huge impact on how people perceive market risk. And it’s something that probably ought to be on your mind anytime you’re taking investment advice in here (and likely anywhere else on Reddit for that matter). + +Another place that inexperience shows is in people’s timelines. An FI/RE timeline is a bit of a Catch-22 in this community when it comes to how much respect and attention certain people get afforded. Ideally, we all want to be FI/RE as soon as possible. So the people who are more dedicated to increasing their SR and accelerating their FI/RE date are, quite often, looked up to as something to aspire to by other members of the community. The problem is that the higher the savings rate, the shorter the FI/RE timeline, and therefore the *less* experience the person probably has in actually pursuing FI/RE. + +There’s a *big* difference between someone who’s 25% FI with a 75% SR and someone who’s 25% FI with a 30% SR. The former has been living that lifestyle for under 2 years. The latter has been doing it for over a decade. Which one would you bet on being able to see their plan through for another 50-60 years? + +I know some people may take this the wrong way, so **let me be 100% clear about what I’m not saying here.** + +I’m **not** saying that it’s a problem we have a lot of young members. That’s a *good* thing. Practically everyone who’s been doing this for a while will tell you one of their biggest regrets is not starting earlier, and it’s great to see so many younger people interested in FI/RE. + +I’m **not** saying it’s a bad thing to pursue a fast-FI/RE approach. It’s a 100% viable route to FI/RE. And even for those who can’t maintain that kind of lifestyle long term, you’re still giving yourself a huge, early injection into your savings that will pay huge dividends down the road. + +I’m **not** saying there’s anything wrong with being inexperienced or new to all of this, or not having all of your major life events planned and plotted out years ahead of time. This is the same journey we all go through, and we’re all learning and changing along the way. + +**So what am I trying to say?** + +I’m saying that things that aren’t at all problems on an individual level can become issues when they get aggregated up to a sort of hivemind/groupthink level as so often happens when subs hit a certain critical mass. + +When you’re reading this sub, be very careful to keep in mind the demographics of this sub and how it can skew discussions, topics, and advice being doled out. + +**TL:DR The demographics of this sub skew overwhelmingly towards people in their 20's. This has a lot of ramifications for the collective wisdom around here regarding many FI issues. People should be careful to keep this in mind during a lot of the discussions that take place around here.** + +I’ve called hundreds of apartment complexes listed as income restricted and all have waitlists into the next decade (slight exaggeration). How is someone supposed to find a home when they need one without having to live outside their means? + +And affluent people are buying up all the shitty starter homes and flipping them so that they are no longer affordable. The system is broken. +It's funny. I just got off phone with my cousin and I was explaining to him about how out of all the other subreddits I'm in (investments, stocks, stock markets, cryptocurrecy, etc...) they're ALL freaking out. + +But Superstonks sentiment is DUH BITCH WE WARNES YOU THIS CRASH WAS COMING AND ITLL BE WORSE THAN ANY OTHER CRASH IN US HISTORY TIME TO BUY MORE. + +And it's beautiful and sad at the same time. Beautiful because we know why and it proves the thesis we've predicted over a year ago. But sad because we know a LOT of people are going to get burned in the process. + +Once again, emphasis on if all it takes to crash the entire economy is buying and holding a stock we like then the markets have been fraudulent for a long time. + +I'm grateful to be on the right side of this and be able to help my loved ones and I believe the ape philanthropy that follows these detrimental times will set the stage for the new Era. + +Edit: On top of that, watching the MSM blame apes for holding then claim we're selling the very next day is beautiful confirmation bias. + +Longest game of itoldaso I've ever played. And I'm NOT gonna rub it in anyone's face once it plays out the way we predicted it will. + +Edit 2: Mandatory 🚀🚀🚀🚀🚀🚀 + +Edit 3: Omg I went to bed and woke up to 126 notifications... time to get to reading 😂😂😂 I love my ape family! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +"China said it will establish a list of so-called “unreliable" entities it says damage the interests of domestic companies, a sweeping order that could potentially affect thousands of foreign firms as tensions [escalate](https://www.bloomberg.com/news/articles/2019-05-17/u-s-places-huawei-and-67-affiliates-around-world-on-blacklist) after the U.S. blacklisted Huawei Technologies Co." + +&#x200B; + +At this point in time this is just posturing since they haven't actually done anything yet and the announcement is by the state media and not official government spokespeople - although in China the media is run by the government. However what's interesting about this from an investing point of view is the following: "\[the scope of Beijing's shit-list could extent\] even non-American suppliers that have cut off China’s largest technology company. Those run the gamut from Japan’s Toshiba to Britain’s Arm." + +&#x200B; + +In other words, the potential hit on equities if this latest escalation from China were to be realised might go beyond US companies and into Europe / Japan. With this latest move, the trade war rhetoric is expanding internationally. If the escalations keep coming there is a risk for tech stocks globally stocks to take a big hit, not just Chinese and US companies. + +&#x200B; + +[https://www.bloomberg.com/news/articles/2019-05-31/china-to-set-up-unreliable-entity-list-after-u-s-huawei-ban](https://www.bloomberg.com/news/articles/2019-05-31/china-to-set-up-unreliable-entity-list-after-u-s-huawei-ban) +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. +# TUESDAY WRAP-UP ++ Victoria continues to get screwed by growing coronavirus infections with 191 new cases and a lockdown announced for metropolitan Melbourne from midnight on Wednesday, causing the ASX 200 to close flat as a result ++ RBA announces a holding pattern on interest and bond rates with the money printer aimed out the window ready to churn at a moment's notice ++ AfterPay goes into trading halt begging for money to cover the cash it pisses away on teenagers with spending problems, meanwhile the directors sell off shares for quick snags ++ Tesla stocks hit new highs yet again as Daddy Elon promises fresh tendies from the oven making autists everywhere jump for joy ++ XJO 6012.900 -1.700 -0.03% XAO 6126.700 +0.800 +0.01% + +# PLAYS OF THE DAY +## Largest gain from start to close +Definitely at least one or both of these, /u/DegenerateChild0 takes number one with DXN having an overall gain of 52.94%. + +## Largest loss from start to close +/u/SPC_55 baked beans and spaghetti all over his sweater already as microcrap stock RFN loses 50% from $0.002 to $0.001. + +Will he be delisted in territory untested during THE PURGE? Or will another company lose more of its shit later in the week? + +## Largest gain from start to any point +/u/mcfucking still out ahead with ANL maintaining the highest any point lead at 100%, proving between this and the last line that a penny stock is closer to a binary option than a serious investment + +# SCOREBOARD: MARKET CLOSE TUESDAY 7 JULY 2020 +Rank | Movement | Code | User | Friday Close | Tuesday Close | Gain $ | Gain % | ATH $ | ATH % | Comment +---|---|---|---|---:|---:|---:|---:|---:|---:|--- +1 | +4 | DXN | /u/DegenerateChild0 | 0.017 | 0.026 | 0.009 | 52.94% | 0.028 | 64.71% | +2 | +15 | FBR | /u/nonamesleft0393 | 0.042 | 0.055 | 0.013 | 30.95% | 0.056 | 33.33% | +3 | +0 | CG1 | /u/GinToKiiz | 0.185 | 0.24 | 0.055 | 29.73% | 0.280 | 51.35% | +4 | -3 | IBX | /u/brucehore | 0.033 | 0.042 | 0.009 | 27.27% | 0.048 | 45.45% | +5 | -3 | QFE | /u/thng1501 | 0.645 | 0.82 | 0.175 | 27.13% | 0.975 | 51.16% | +6 | +3 | SWF | /u/Alpgh367 | 0.52 | 0.66 | 0.14 | 26.92% | 0.665 | 27.88% | +7 | +11 | VMT | /u/notasabretooth | 0.355 | 0.425 | 0.07 | 19.72% | 0.430 | 21.13% | +8 | +4 | BNL | /u/bignikaus | 0.017 | 0.02 | 0.003 | 17.65% | 0.021 | 23.53% | +9 | -2 | EOS | /u/333Tips \* | 5.32 | 5.97 | 0.65 | 12.22% | 7.300 | 37.22% | +9 | -2 | EOS | /u/mechengguy93 | 5.32 | 5.97 | 0.65 | 12.22% | 7.300 | 37.22% | +10 | +0 | MAN | /u/banniboi | 0.025 | 0.028 | 0.003 | 12.00% | 0.031 | 24.00% | +11 | +4 | HCT | /u/Grand_Steak | 0.13 | 0.145 | 0.015 | 11.54% | 0.155 | 19.23% | +12 | +2 | MRQ | /u/mndeira | 0.01 | 0.011 | 0.001 | 10.00% | 0.012 | 20.00% | +13 | -9 | BIT | /u/AubreyFluffington | 0.1 | 0.11 | 0.01 | 10.00% | 0.132 | 32.00% | +13 | -9 | BIT | /u/Munichuck \* | 0.1 | 0.11 | 0.01 | 10.00% | 0.132 | 32.00% | +14 | +31 | BRN | /u/Nig_Pig \* | 0.105 | 0.115 | 0.01 | 9.52% | 0.120 | 14.29% | +14 | +31 | BRN | /u/dudarude | 0.105 | 0.115 | 0.01 | 9.52% | 0.120 | 14.29% | +15 | +10 | RFX | /u/Otis88 | 0.023 | 0.025 | 0.002 | 8.70% | 0.026 | 13.04% | +16 | +56 | UCM | /u/niloony | 0.24 | 0.26 | 0.02 | 8.33% | 0.260 | 8.33% | +17 | -9 | SEN | /u/Fernal2020 | 0.048 | 0.052 | 0.004 | 8.33% | 0.057 | 18.75% | +18 | +6 | WTC | /u/lostdory | 20.54 | 22.15 | 1.61 | 7.84% | 22.500 | 9.54% | +19 | -6 | QHL | /u/Fayngilo | 0.09 | 0.097 | 0.007 | 7.78% | 0.105 | 16.67% | +20 | +37 | IP1 | /u/xineirea | 0.016 | 0.017 | 0.001 | 6.25% | 0.018 | 12.50% | +21 | +19 | AMZN:US | /u/LongJNUG | 2,878.70 | 3,057.04 | 178.34 | 6.20% | 3059.880 | 6.29% | +22 | +5 | RXL | /u/T_Steeley | 0.082 | 0.087 | 0.005 | 6.10% | 0.090 | 9.76% | +23 | +21 | DCC | /u/GenuineAndUnprepared | 0.02 | 0.021 | 0.001 | 5.00% | 0.022 | 10.00% | +24 | +53 | AEF | /u/Ccalmerpoleece | 6.6 | 6.87 | 0.27 | 4.09% | 7.040 | 6.67% | +25 | +1 | OSL | /u/Tullystan | 0.125 | 0.13 | 0.005 | 4.00% | 0.140 | 12.00% | +26 | +13 | WAF | /u/FurcationInvolvement | 0.875 | 0.905 | 0.03 | 3.43% | 0.920 | 5.14% | +27 | -16 | NVX | /u/factorblue | 0.92 | 0.95 | 0.03 | 3.26% | 1.115 | 21.20% | +28 | -8 | AT1 | /u/SavEx_ | 0.335 | 0.345 | 0.01 | 2.99% | 0.380 | 13.43% | +29 | +2 | SXL | /u/DeadGoddo | 0.175 | 0.18 | 0.005 | 2.86% | 0.190 | 8.57% | +30 | +19 | OLL | /u/cheebaihai | 0.18 | 0.185 | 0.005 | 2.78% | 0.195 | 8.33% | +31 | -15 | FXL | /u/marmikp | 1.18 | 1.21 | 0.03 | 2.54% | 1.315 | 11.44% | +32 | +23 | GNX | /u/letsburn00 | 0.215 | 0.22 | 0.005 | 2.33% | 0.220 | 2.33% | +33 | +0 | AD8 | /u/MrMadamHoussain | 5.18 | 5.29 | 0.11 | 2.12% | 5.590 | 7.92% | +34 | -15 | FYI | /u/w-j1m | 0.05 | 0.051 | 0.001 | 2.00% | 0.053 | 6.00% | +35 | +1 | BBOZ | /u/archbishopofoz | 8.26 | 8.4 | 0.14 | 1.69% | 8.430 | 2.06% | +36 | +31 | AEI | /u/oDesired | 0.605 | 0.61 | 0.005 | 0.83% | 0.620 | 2.48% | +37 | +1 | APT | /u/miamivice85 | 67.5 | 68 | 0.5 | 0.74% | 68.800 | 1.93% | Trading halt +38 | -6 | Z1P | /u/MattL600 | 5.74 | 5.77 | 0.03 | 0.52% | 6.170 | 7.49% | +39 | -9 | OPY | /u/sticky7891 | 2.26 | 2.27 | 0.01 | 0.44% | 2.440 | 7.96% | +40 | +13 | AAA | /u/maximiseYourChill | 50.07 | 50.08 | 0.01 | 0.02% | 50.080 | 0.02% | +41 | +1 | ANL | /u/mcfucking | 0.001 | 0.001 | 0 | 0.00% | 0.002 | 100.00% | Intraday leader +42 | -36 | FTT | /u/Simping_Aint_Easy | 0.004 | 0.004 | 0 | 0.00% | 0.006 | 50.00% | +43 | +0 | EN1 | /u/Sagittar0n | 0.006 | 0.006 | 0 | 0.00% | 0.008 | 33.33% | +44 | +3 | MNW | /u/kendama | 0.017 | 0.017 | 0 | 0.00% | 0.018 | 5.88% | +45 | +3 | DW8 | /u/RepubIique | 0.018 | 0.018 | 0 | 0.00% | 0.019 | 5.56% | +46 | +30 | PDI | /u/earlyriser83 | 0.08 | 0.08 | 0 | 0.00% | 0.083 | 3.75% | +47 | +13 | HTG | /u/unclequavo | 0.25 | 0.25 | 0 | 0.00% | 0.255 | 2.00% | +48 | +8 | GTG | /u/doctorcunts | 0.006 | 0.006 | 0 | 0.00% | 0.006 | 0.00% | +49 | +9 | LPD | /u/ConstantReach | 0.007 | 0.007 | 0 | 0.00% | 0.007 | 0.00% | +50 | +11 | 9SP | /u/bayosTODAY | 0.029 | 0.029 | 0 | 0.00% | 0.000 | -100.00% | Trading halt +51 | +11 | FNP | /u/ChubbyVeganTravels | 3.01 | 3.01 | 0 | 0.00% | 0.000 | -100.00% | Trading halt +52 | +11 | KSS | /u/_PixelRage | 0.36 | 0.36 | 0 | 0.00% | 0.000 | -100.00% | Trading halt +53 | +11 | MTH | /u/j03l5k1 | 0.026 | 0.026 | 0 | 0.00% | 0.000 | -100.00% | Trading halt +54 | -32 | WHC | /u/happiest_turtle | 1.51 | 1.505 | -0.005 | -0.33% | 1.580 | 4.64% | +55 | +10 | XAO | /u/yesdevnull | 6163.7000 | 6126.7000 | -37 | -0.60% | 6192.900 | 0.47% | +56 | -28 | ZNO | /u/TheWorthyAussie | 3.04 | 3.02 | -0.02 | -0.66% | 3.250 | 6.91% | +57 | -22 | SPT | /u/nikolajxo | 1.385 | 1.365 | -0.02 | -1.44% | 1.475 | 6.50% | +58 | -21 | BTH | /u/D0nald_Kaufman | 0.84 | 0.825 | -0.015 | -1.79% | 0.860 | 2.38% | +59 | +14 | BBUS | /u/BantaGoat \* | 2.57 | 2.52 | -0.05 | -1.95% | 2.560 | -0.39% | +59 | +14 | BBUS | /u/Jody8 | 2.57 | 2.52 | -0.05 | -1.95% | 2.560 | -0.39% | +60 | +22 | GMV | /u/downfiltermaybe | 0.051 | 0.05 | -0.001 | -1.96% | 0.051 | 0.00% | +61 | -27 | WZR | /u/Tacomaster33 | 0.225 | 0.22 | -0.005 | -2.22% | 0.230 | 2.22% | +62 | +7 | DSE | /u/KoalaOfWallStreet | 0.074 | 0.072 | -0.002 | -2.70% | 0.075 | 1.35% | +63 | +11 | RCE | /u/3reefs_should_do | 0.7 | 0.68 | -0.02 | -2.86% | 0.700 | 0.00% | Trading halt +64 | -41 | IGL | /u/adembear | 0.875 | 0.85 | -0.025 | -2.86% | 0.925 | 5.71% | +65 | -36 | PBH | /u/bletines | 5.82 | 5.65 | -0.17 | -2.92% | 6.230 | 7.04% | +66 | -14 | KLL | /u/ricklepicklemydickle | 0.165 | 0.16 | -0.005 | -3.03% | 0.170 | 3.03% | +67 | +3 | MAG | /u/Sloppycism | 0.295 | 0.285 | -0.01 | -3.39% | 0.295 | 0.00% | +68 | +3 | FZO | /u/BantaGoat | 0.285 | 0.275 | -0.01 | -3.51% | 0.305 | 7.02% | +69 | -28 | FLT | /u/oplusi | 11.4 | 10.98 | -0.42 | -3.68% | 11.770 | 3.25% | +70 | -2 | TMR | /u/Pleasant_Dig | 0.375 | 0.36 | -0.015 | -4.00% | 0.380 | 1.33% | +71 | -5 | QAN | /u/Dromologos | 3.82 | 3.66 | -0.16 | -4.19% | 3.880 | 1.57% | +72 | +7 | 2IN | /u/Covid19tendies \* | 2 | 1.916 | -0.084 | -4.20% | 2.138 | 6.90% | His penis +73 | -23 | VOR | /u/TheHolyDogeGod6 | 0.215 | 0.205 | -0.01 | -4.65% | 0.225 | 4.65% | +74 | +1 | RAC | /u/pominator | 0.83 | 0.79 | -0.04 | -4.82% | 0.845 | 1.81% | +75 | -21 | AKG | /u/az-pill-equator | 0.25 | 0.235 | -0.015 | -6.00% | 0.250 | 0.00% | +76 | -55 | TUA | /u/PM_me_ur_bingo_nos | 0.95 | 0.885 | -0.065 | -6.84% | 1.055 | 11.05% | +77 | -31 | DRO | /u/faddishw0rm | 0.13 | 0.12 | -0.01 | -7.69% | 0.140 | 7.69% | +78 | +3 | YOJ | /u/umop3pisdn | 0.089 | 0.082 | -0.007 | -7.87% | 0.090 | 1.12% | +79 | -28 | PDN | /u/Chanticleer85 | 0.12 | 0.11 | -0.01 | -8.33% | 0.125 | 4.17% | +80 | -2 | PAA | /u/The_polite_debater | 0.24 | 0.22 | -0.02 | -8.33% | 0.245 | 2.08% | +81 | +2 | AR9 | /u/Guard1anMeme | 0.195 | 0.175 | -0.02 | -10.26% | 0.195 | 0.00% | +82 | -2 | HWK | /u/dskoh1 | 0.018 | 0.015 | -0.003 | -16.67% | 0.020 | 11.11% | +83 | +1 | OSP | /u/SlaughterRain \* | 0.05 | 0.041 | -0.009 | -18.00% | 0.063 | 26.00% | +83 | +1 | OSP | /u/superhappykid | 0.05 | 0.041 | -0.009 | -18.00% | 0.063 | 26.00% | +84 | +1 | ATH | /u/cashew7272 | 0.049 | 0.04 | -0.009 | -18.37% | 0.051 | 4.08% | +85 | +1 | DVL | /u/whale465 | 0.037 | 0.029 | -0.008 | -21.62% | 0.037 | 0.00% | +86 | -27 | RFN | /u/SPC_55 | 0.002 | 0.001 | -0.001 | -50.00% | 0.002 | 0.00% | + +\* *Asterisk denotes invalid submissions, shown here anyway for glory* + +--- + +[THE PURGE ANNOUCEMENT](https://www.reddit.com/r/ASX_Bets/comments/hkg3bb/10k_members_we_now_begin_the_purge) - [THE PURGE BEGINS](https://www.reddit.com/r/ASX_Bets/comments/hljhng/the_purge_begins) - [MONDAY SCORES](https://www.reddit.com/r/ASX_Bets/comments/hm2ey7/the_purge_day_1_virus_what_virus) +The only late time is later. If you are getting in now you are still in the 1% of the population who own ETH. You might be reading many posts lately about new millionaires being made and feel sad/disappointed that you "missed out". Just remember crypto is in its infancies. Could better gains have been made investing early? Sure. But hindsight is 20/20 and you're in now. This might be the only time in our lives we will see returns like this... even if youre buying now for the first time. Just be glad! + +TL;DR: ETH to 5k by 2019. +Anyone doing anything on BBBY? WSBs Reddit going nuts over it. I ended up buying some calls at open this morning and closed it for $1000 profit. Not my usual play but two and half free shares of spy is good for me. +Apes, + +You must be mentally prepared for /r/superstonk to go dark! If it does, the FUD will intensify to levels we have not seen before. Everyone will be against us. All other forms of social media, all MSM networks, everyone. There might be nowhere else like this. Nowhere that you can see the purple circles of dopamine. Nowhere for our legends of DD to post their research for all apes to see. You will feel alone. BUT YOU WILL NOT BE ALONE. + +If you're like me, your tits get jacked every time another major connection is made, you think MOASS is truly tomorrow. Every weekend you tell yourself, "next week...". It may still take a while. We may hit 100% of the free float and watch as nothing happens. But continue to be zen. REFUSE to give in. They will do EVERYTHING they can to stop this from happening. You must recognize the simple truths that they would not shut us down if we were not right. They are losing. They are desperate. It is inevitable. + +I swear to you all that I will hold all of my shares except for one until the corrupt SHFs are in prison. + +BUY, HOLD, DRS, BOOK. +Biden starts process to remove cannabis from schedule 1 designation and pardon all federal prisoners. Cannabis related stocks along with the cannabis ETF's (MSOS, MJUS, and YOLO) rallied today 20-35% on the news. + +[https://www.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden/index.html](https://www.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden/index.html) +but you need to wake up! + + + +all those people asking whats going on.. well let me tell you. another cryptocurrency is coming very close to taking over. + + + +I love BTC and I love what the devs have accomplished in the past, but the current state of Satoshi's legacy is a nightmare! + + +These are only the first tremors. More and more will follow as Number2 gets increased media attention and people buy in basically making a self fulfilling prophecy. + + +WAKE UP, BOYCOTT JIHAN VER, GET YOUR STUFF TOGETHER OR ROME WILL BURN + + +edit: im not even talking market cap. asic resistance, scalability, steady process.. I really do not want to sound like I am promoting something here, but shits getting real, open your eyes. + + +edit2: no, the problem is NOT core you paid peons! its the guy who vouched for mtgox, who openly admits that he rather have bitcoin burn (the list is long) and his asian sidekick with oedipus complex + + +edit3: [visibility for this guy](https://np.reddit.com/r/Bitcoin/comments/6grmqv/i_hate_to_be_the_one_and_saying_this/diszbz9/) +I am really new to investing -- with no experience or knowledge, I started investing a couple of hundred dollars a month and after 10 months with about $3,000 invested, I'm at a 1.95% gain. + +I still have a lot to learn, but investing is exciting and I want to get better at it. + +***I'm just curious to hear what the first year of your investment experience was like.*** + +**Current Positions:** + +1. \~50% in T-Mobile and AT&T (I love the dividends and I'm holding after the split) +2. \~25% in various Vanguard Funds (US Stock Market, International, High Dividend, Value) +3. \~15% in Costco and Walmart +4. \~10% Misc. (Chevron, Microsoft, Bank of America, JP Morgan) + +**Edit:** For those that are curious...I ended up losing upwards of 15% at different points by making foolish choices. Since holding these positions, I've gained about 10% in just the last 3 months. +What sort of roles do FAT non-SWE tech business people here work? Are there marketers / product managers etc making significant money in FAANG and non-FAANG? What's your path been? + +Mid-late twenties. Married. Low 7 figure net worth. + +Make $200k a year in a senior marketing role for a medium size startup - 100 people / $200m revenue. + +Trying to understand if my path to significant compensation is marketing (CMO) or something else (general management / director, etc). Majority of my background is digital marketing. Have some experience as a product marketer and product manager. Have worked for every size organisation - small startups, a listed scale up and one large listed org. +Bit of an interesting policy the Liberals have announced at their campaign launch. + +What's everyone's thoughts on this? + +Edit: UPDATE- Labor has announced they will match this policy, so it looks like it will be happening. +Any advice for a financial newbie, I've been living paycheck to paycheck so far doing freelance photography work and have no idea how to save and invest and all that good stuff. + +What are some of the first things I should get?? Health insurance?? Start investing?? A bunch of cocaine?? + +Also I'm 27 and feel super behind because of my age. I'm on mobile so sorry for formatting. +EDIT: Shills are on full blast like some kind of bad comedy joke. Psssht. It seems to me that they are afraid of SHAREHOLDER PROPOSALS and are discrediting Dr. T in attempts to make us associate SHAREHOLDER PROPOSALS with her. I'd also love to see some DD from a wrinklier ape than myself about the SHAREHOLDER PROPOSAL process and any stipulations that an ape who is interested in filing one will need to know. + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Alot of negative sentiment going around with claims of Dr Trimbath's "dislike" for apes, and her "speaking down" to us in that post. What a joke! She was the original advocate for DRSing our shares (months before it actually caught on) and advocates for us and the retail trader across all markets as a whole. We know this. So when I see comments like "I'm not going to listen to someone who doesn't respect us", I smell bullshit immediately. There must be something about us filing shareholder proposals that really shakes whoever is behind this FUD campaign. If I had to guess, it's probably the same people short on GME, but idk. I'm just a big ole dum dum. When I see negativity on something I believe to be beneficial to the company and stock I love, I just downvote and move on. +I had posted yesterday a screen shot of a response I received from Vic Gundotra @ Google regarding Bitcoin, who then CC'd me to Sridhar Ramaswamy (Senior Vice President, heads up Google Wallet). + +I asked /r/bitcoin for suggestions that I should relay to these gentlemen regarding incorporating bitcoin. I did just that, and had a great exchange with them. Additionally, I showed them the post: http://www.reddit.com/r/Bitcoin/comments/1vsypm/google_is_paying_attention_to_bitcoin_vic + +Sridhar and a third person at Google just responded to me confirming that Google *IS* working on incorporating bitcoin with their payments team. + +[Here is the confirmation](http://i.imgur.com/JPGI6lL.jpg?1) + +[Here is the initial e-mail I sent to Vic Gundotra (http://i.imgur.com/LvO08Jr.jpg?1) + +[Here is the the response I got](http://i.imgur.com/zYkPrZa.jpg?1) + + +This is huge. + +**UPDATE: Ariel Bardin, Vice President of Payments @ Google has asked me to facilitate a Google Moderator and pose the question "What would I want Google to do with bitcoin?". He's promised me he will personally review the results and pass it on. Please help me with this and take the time to submit something: [What would I want Google to do with bitcoin?](https://www.google.com/moderator/#16/e=20e106)** + +**Update #2** +To anyone suggesting I "faked" or "photoshopped" anything I posted, I just spoke /u/Agreenberg (Andy Greenberg of Forbes). He can confirm they are unaltered from the screen shots I posted. He has them, he can verify the headers, footers, feathers, colors and whatever else. I stand by what I posted.* + +**Update #3** +Article in Forbes: http://www.forbes.com/sites/andygreenberg/2014/01/22/google-lets-slip-that-its-exploring-possible-bitcoin-integration-plans/ + +**Update #4** +Coindesk: http://www.coindesk.com/google-emails-suggest-bitcoin-interest/ + +**Update #5** +Vice: http://motherboard.vice.com/blog/why-silicon-valley-and-google-loves-bitcoin + +**Update #6** +Business Insider: http://www.businessinsider.com/google-is-exploring-bitcoin-2014-1 + +**Update #7** +The Daily Dot: http://www.dailydot.com/business/google-bitcoin-reddit-emails/ +https://www.bls.gov/cpi/ + +Press release: https://www.bls.gov/news.release/cpi.nr0.htm + +> The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent +in June on a seasonally adjusted basis after rising 0.6 percent in May, the U.S. +Bureau of Labor Statistics reported today. This was the largest 1-month change +since June 2008 when the index rose 1.0 percent. Over the last 12 months, the +all items index increased 5.4 percent before seasonal adjustment; this was the +largest 12-month increase since a 5.4-percent increase for the period ending +August 2008. + +> The index for used cars and trucks continued to rise sharply, increasing 10.5 +percent in June. This increase accounted for more than one-third of the +seasonally adjusted all items increase. The food index increased 0.8 percent in +June, a larger increase than the 0.4-percent increase reported for May. The +energy index increased 1.5 percent in June, with the gasoline index rising 2.5 +percent over the month. + +> The index for all items less food and energy rose 0.9 percent in June after +increasing 0.7 percent in May. Many of the same indexes continued to increase, +including used cars and trucks, new vehicles, airline fares, and apparel. The +index for medical care and the index for household furnishings and operations +were among the few major component indexes which decreased in June. +Hey, so, I'm only 21 and while I've been in the market a few years I am trying to build up a nice dividend portfolio, and I'm really worried about a market crash. + +I look at inflation numbers and its crazy, I know we can't keep on the way we are going. So I am wondering one, how safe are stocks in case of our money becoming worthless, and two, should I keep investing or should I wait until the market does crash? Reason being I have half my account in cash so I can buy up a bunch of good div stocks when it does at cheap prices and don't want to be lacking cash then. + +Any advice, opinions, reports and due diligence is appreciated and I'll be sure to read anything you send my way! +https://www.cnbc.com/2022/10/05/oil-opec-imposes-deep-production-cuts-in-a-bid-to-shore-up-prices.html?__source=androidappsha + +What does everyone think about this? Could be in for high gas prices and heating oil with winter coming up. Plus all the turmoil still between Ukraine and Russia. +One is valued at $1.5m and the other at $1.35m. No mortgages. One the property is worth more than the house near Silicon beach. The other needs work. Two questions, I want to build my investments and buy more income property, where and how? Is now, middle of pandemic,a good time to buy multi-unit with so many renters defaulting and laws protecting them? Sorry if it’s a bit remedial. +This just came across my social media feed. Up to a year in a Maldives resort for $30K. No idea what their internet speeds are like, but it's an interesting option. + +https://www.dailymail.co.uk/travel/travel_news/article-8946113/Anantara-Veli-Maldives-Resort-launches-stay-package.html +I saw a wrinkly brained ape's youtube video (sorry I watch so much shit I can't find who made it) on how the dow jones, S&P, prime brokerages and big banks' (including international ones) stocks tank at around 10 am and then suddenly recover because they NEED the RRP market to post more collateral. I didn't believe it until I checked the charts today. These charts look IDENTICAL to each other. The price is not only wrong for GME but the entire global stock market price is wrong too. HOLY. FUCKING. MOLY. JACKED=TITs. + +Edit: [https://www.youtube.com/watch?v=J5J1pW1rVA8](https://www.youtube.com/watch?v=J5J1pW1rVA8) here's the link. Thanks u/The_Fake_King + + +P.S They aren't even trying to be discrete anymore. They are DESPERATE. + +https://preview.redd.it/dy7erkoclu971.png?width=1242&format=png&auto=webp&s=33f90da5abc2f22e292676225f5e7d7ac247114b + +https://preview.redd.it/0ajrqecxku971.png?width=1242&format=png&auto=webp&s=ba15822bc72953300d9ffdb838d12a3915fa197b + +https://preview.redd.it/6jxs7ccxku971.png?width=1242&format=png&auto=webp&s=8e4384605d0fd84000c9de41fb91bf3a644b9293 + +https://preview.redd.it/n9dxpn3kku971.png?width=1242&format=png&auto=webp&s=1c98442d7f3487e88f49aa65bc65125be00323da + +https://preview.redd.it/b2y4jz3kku971.png?width=1242&format=png&auto=webp&s=7a214711c089e322f9bbab4d5206dd7588874fff + +https://preview.redd.it/vs1v0t3kku971.png?width=1242&format=png&auto=webp&s=86a56c683e85961d8b485643cfd8657506111405 + +https://preview.redd.it/zrnf6m3kku971.png?width=1242&format=png&auto=webp&s=3cf7085790430cc788d36832cf60f3e3d506cae5 + +https://preview.redd.it/sbfbnp3kku971.png?width=1242&format=png&auto=webp&s=11958c4e60087c5a90836bbe5b6cb907f85d0143 + +https://preview.redd.it/428koz3kku971.png?width=1242&format=png&auto=webp&s=966b2ebec618ca1f77a7c7b6e22d1a92f0df389f + +https://preview.redd.it/34duc34kku971.png?width=1242&format=png&auto=webp&s=87817270edad52fdaa030912dd78df70d589532e + +https://preview.redd.it/hgwpsc4kku971.png?width=1242&format=png&auto=webp&s=69d9e5e346aca7d1eba6def5855a29abeb88dd16 + +https://preview.redd.it/9ht1o34kku971.png?width=1242&format=png&auto=webp&s=842bae394de413b9510f5d08c352857a68ef1541 + +https://preview.redd.it/i98i0j3kku971.png?width=1242&format=png&auto=webp&s=67caeb722a196092e2a1e67da20527d77e0d05e9 + +https://preview.redd.it/6uj8sn3kku971.png?width=1242&format=png&auto=webp&s=7497d256e507fa949de849b9da4dc90adc15d88a + +https://preview.redd.it/e944tz3kku971.png?width=1242&format=png&auto=webp&s=fc4330182481ef3d07d2de1c382118804df8e3d2 + +https://preview.redd.it/y4um9l3kku971.png?width=1242&format=png&auto=webp&s=b57870485f4e9a347ed111fb9818a2cd3b31d064 + +https://preview.redd.it/xtvl7h3kku971.png?width=1242&format=png&auto=webp&s=7141d752ff4b045c31d55e7a6102f30065e4657d + +https://preview.redd.it/ydb8fm3kku971.png?width=1242&format=png&auto=webp&s=3d0d72944c9e3460130082225467e84bacdb0bcc + +https://preview.redd.it/qwealf3kku971.png?width=750&format=png&auto=webp&s=9d00ae8ae35037eca09ea48368d9e668ac0b336e + +https://preview.redd.it/7fa0xk3kku971.png?width=750&format=png&auto=webp&s=edcc8956475920c1f7a75638e49c5d42cc42594c +Can I just say how sick I am of seeing tone deaf 'advice' like this on car-related vent posts??? + +I have been dealing with on and off car problems with different vehicles for about the last three years. Every time I go out to start my car, I get a little twinge of anxiety and I'm just like.... please be good and turn on. + +I know I'm not the only one. + +Do people think we enjoy this feeling?? Like fucker, don't you think if I could **afford** a new car thats what I'd be driving?? New cars are $20k+ and that's just money many of us DON'T HAVE. We are forced to drive whatever we can afford, and many times, what we can afford isn't very good. + +Then there are those that are like "jUsT taKe puBLiC tRaNsPoRtAtiOn!" + +Here's the thing. Here in the US, there are a lot of places where public transportation is unreliable or nonexistent. I live in a rural area where there is no bus line, no train, and no uber service. The ONLY way I am getting to my job 50 miles away is to take a car. + +And don't fucking tell me to move to the city closer to work. I can't afford that any more than I can afford a new car. + +God I could really go on and on about this because I have a lot more to say on this subject but I have to leave for work soon so I'll leave it at this. + +Please cross your fingers for me that my car starts up and doesn't throw a check engine light today. + +***Edit: Thank you kind stranger for the award!*** + +***Edit: Wow....I had no idea my little early morning vent would blow up this much! Thank you for the awards and for all the comments, it's nice to know there's so many other people who just get it.*** +We keep our finances separate because it's easier for us to organize things that way. I've dropoed basically all of my savings/fun money into GME, and haven't mentioned a word of it to her partially because she has pretty strong risk aversion. She also never has good dreams. She just told me that last night she had a dream where she woke up and had $200,000 in her bank account, and paid off her credit card and her student loans, but she had no idea where the money came from. + +I don't know about you guys, but that sounds like confirmation of moon soon. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌛 +$3000 PayPal Credit 20% APR +$2500 Visa 21% APR +$1000 Wells Fargo 18% APR +$1000 Chase Slate 0% APR ($30/month mandatory payment) +$800 Amazon Card 20% APR + +45k year salary. I was irresponsible and now I’m paying the piper. + +Once I move out: + +$650 rent +$60 utilities +$120 gas +$400 food + +I’ll add $200 more for miscellaneous. Total is $1430 a month in expenses. + +At least I have no student loans. + +In summary: +$3000 a month post tax take home. +$2000 a month to live. +$8500 high interest credit card debt. +$300 a month minimum payments. + +I’m probably being unreasonable and can cut somewhere I’m not thinking of. + +Do I just pay the $300 minimum and throw the $700 extra a month at the highest interest debt until it’s gone? Surely there’s a smarter way to do it than that. + +Is it possible to consolidate the debt? This is why we need financial education in high school. + +Save me r/personalfinance +Especially for those of you who was able to quit your day job and become a full time trader? What is your target P/L per day or per week? Obviously you need to make enough to pay bills and your living expenses. But i'm wondering what your target is in order to make that happen. i know how much i currently need to make a day in order to be making the same amount as my day job so in order for me to quit, i need to be able to at LEAST be making that much daily on average. +I have been served lots of ads on Facebook, and sometimes it is so tempting to just order something because of the "huge" discount, but then I remind myself that unless I really need something, my savings is 100% if I don't make that purchase. Also, be careful with those 0% financing deals. I saw that Tonal (smart home gym) priced their product at $2,750 for a normal purchase, but if you want 36 months financing at 0%, the price is $5,000+. So yeah, not really 0%. Even at the normal price, these "buy now pay later" purchases add up and can throw your budget out of whack. Please don't borrow money you don't have to buy things you don't REALLY need. Only buy fun things with money budgeted specifically for fun. + +So far, I have spent $30 on clothing this year, and stopped being a shopping addict. I find that you just need to find something that resonates with you to stop clicking that "Place Order" button. For me, it's trying to reduce the amount of waste and plastic being thrown into the environment. + +Happy Friday and smart shopping! +https://finance.yahoo.com/news/realty-income-o-rent-collections-135801882.html + +Figured I'd share, since a lot of people are holding O. + +--- + +As of Oct 1, contractual rent receipts across Realty Income’s total portfolio improved to 93.8% for September from 93.6% for August, 92.5% for July and 88.3% for the second quarter. Rent collections from its investment-grade rated tenants, which account for 48% of the annualized rental revenues, were already 100% for September, compared with August’s 99.9%. This compares with 100% for July and 99.4% for the second quarter. +Gary D. Cohn, President Trump’s top economic adviser, plans to resign, becoming the latest in a series of high-profile departures from the Trump administration, White House officials said on Tuesday. + +The officials insisted there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave came after he seemed poised to lose an internal struggle amid a Wild West-style process over Mr. Trump’s plan to impose large tariffs on steel and aluminum imports. + +“Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again,” Mr. Trump said in a statement to The New York Times. “He is a rare talent, and I thank him for his dedicated service to the American people.” + +Mr. Cohn is expected to leave in the coming weeks. He will join a string of recent departures by senior White House officials, including Mr. Trump’s communications director and a powerful staff secretary. + +Yet the departure of Mr. Cohn, a free-trade oriented Democrat who fended off a number of nationalist-minded policies during his year in the Trump administration, could have a ripple effect on the president’s economic decisions and on the financial sector. + +https://www.nytimes.com/2018/03/06/us/politics/gary-cohn-resigns.html + +Felt like I needed to get this off my chest. I got greedy and just wanted to make a quick buck like I was living in the Big Short movie since it feels like we are in that moment. No matter how many hundreds of hours of research I did or learn (useless) chart patterns and trading indicators, i still got wiped clean with a 99% failure rate. I learnt the hard way that you just can’t beat the market as a retail trader... I made more losses trading and shorting this damn market than I would have lost in index funds during the flash crashes in March earlier this year. In fact, I calculated that even if stocks crash by a further 50%, I would have still lost less money holding index funds than I would have trying to time the crash... Now I’ve lost 3 months of wages and feeling pretty shit about it. +Happy 4/20 Apes! + + +Here is my (now) weekly update on the ongoing transformation. + +New product types now available at Gamestop!!!! This is a big one..... + +**VIZIO TV'S AND SOUND SYSTEMS!** + +https://preview.redd.it/lad4zzwv7du61.png?width=1082&format=png&auto=webp&s=84a1208de1ab108fc63e7a73f74813b522f45f8a + +**DIGITAL CAMERAS** + +https://preview.redd.it/v7229igb7du61.png?width=1055&format=png&auto=webp&s=72c9725586bf5fcb25f50d8f6615b6c45b0f583a + +&#x200B; + +**Smart home devices including mood lighting! (they have added more than just Nano Leaf. Philips Hue products are now on the menu which I will be buying more of. I love these bluetooth lights!!!** + +&#x200B; + +https://preview.redd.it/sd1vutak7du61.png?width=1099&format=png&auto=webp&s=c88ce22bed13a0f140222b6fd68b80a7b121cb3f + +**Motion sensors and Electronic Padlocks:** + +&#x200B; + +https://preview.redd.it/mygvtyjp7du61.png?width=1076&format=png&auto=webp&s=1e610a09afa835f1e2b72f2f3b39aa09246e40ad + +**Jabra and more non-gamer headphones.** + +https://preview.redd.it/c2ru0zl38du61.png?width=341&format=png&auto=webp&s=6d8d489c92308b941094ecc1316c898f3d47fe9c + +**COSTUMES!** + +[That's it for this weekly update. The air purifiers and medical grade eqeuipment blew my mind over the weekend. These adds confirm that they are adding new stuff every week. The date on the Philips launch looks like yesterday, 4\/19 in stock. Buy stuff from GameStop and support your favorite Stonk!!! BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR](https://preview.redd.it/tu1h39a88du61.png?width=1066&format=png&auto=webp&s=eaa41b5adc7de3ff53674f7e43b579a78669d77e) + +Rocket Emojis, 4:20 Missing Leaf Emojis VERRRRY NICE! +Yesterday, the Ontario Superior Court of Justice sent a Mareva Injunction to Nunchuk Bitcoin wallet software provider on behalf of the Canadian government. + +Nunchuk was ordered to freeze and disclose information about the assets involved in the Freedom Convoy movement. Nunchuk responded by email giving the Ontario Superior Court of Justice and the Canadian government an epic Bitcoin beginners lesson on how self-custodial Bitcoin wallets work. + +***"Nunchuk is a self-custodial, collaborative-multisig Bitcoin wallet. We are a software provider. not a custodial financial intermediary.*** + +***Our software is free to use. It allows people to eliminate single points of failure and store bitcoin in the safest way possible, while preserving privacy.*** + +***We do not hold any keys. Therefore, we cannot freeze our users' assets. We cannot prevent them from being moved. We do not have knowledge of the existence, nature, value and location of our users' assets. This is by design.*** + +***Please look up how self-custody and private keys work. When the Canadian dollar becomes worthless, we will be here to serve you too."*** + +*Source -* [*https://twitter.com/nunchuk\_io/status/1494885897577271299*](https://twitter.com/nunchuk_io/status/1494885897577271299) +Yesterday, the Ontario Superior Court of Justice sent a Mareva Injunction to Nunchuk Bitcoin wallet software provider on behalf of the Canadian government. + +Nunchuk was ordered to freeze and disclose information about the assets involved in the Freedom Convoy movement. Nunchuk responded by email giving the Ontario Superior Court of Justice and the Canadian government an epic Bitcoin beginners lesson on how self-custodial Bitcoin wallets work. + +***"Nunchuk is a self-custodial, collaborative-multisig Bitcoin wallet. We are a software provider. not a custodial financial intermediary.*** + +***Our software is free to use. It allows people to eliminate single points of failure and store bitcoin in the safest way possible, while preserving privacy.*** + +***We do not hold any keys. Therefore, we cannot freeze our users' assets. We cannot prevent them from being moved. We do not have knowledge of the existence, nature, value and location of our users' assets. This is by design.*** + +***Please look up how self-custody and private keys work. When the Canadian dollar becomes worthless, we will be here to serve you too."*** + +*Source -* [*https://twitter.com/nunchuk\_io/status/1494885897577271299*](https://twitter.com/nunchuk_io/status/1494885897577271299) +Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit. + +*If you are new to* r/ETFs*, please familiarize yourself with the rules listed in the sidebar.* + +**Ask other Reddit users to rate your ETF portfolio!** +I have over 6 DRS transfers pending to computer share. None of them have been filled. + +The brokers are now pushing me off for 3-6 weeks - this is not real. How can my account have x$? If there are no shares in the account. At this very moment, the Brokers are simply not delivering us our shares. + +This is so freakin crazy im about to lose it over here! + +The Run on the brokers has begun... + + +🔥Dogefather🔥 + +Missed Safemoon? You probably feel bad about that. How about Elongate? Guessing kicking yourself over that one too. Bonfire too? We've all been there, but you're in luck, because we've got another, even better opportunity to help you with your moon mission! $DOGEFATHER IS HERE TO SAVE YOUR DAY! THE DEFLATIONARY TOKEN ON THE BSC NETWORK OF YOUR DREAMS! + +The dev team has made this coin AS SAFE AS POSSIBLE, a token for the community! + +Contract renounced? You bet. -[https://bscscan.com/tx/0x46b20ad5036d5b2a2aec13d9ac13936aa0da0f14428ade4ea7ad7288e9768963](https://bscscan.com/tx/0x46b20ad5036d5b2a2aec13d9ac13936aa0da0f14428ade4ea7ad7288e9768963) + +Liquidity locked? On deck! - [https://dxsale.app/app/pages/dxlockview?id=1991&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1991&add=0&type=lpdefi&chain=BSC) + +Your funds will be safely transferred to the moon, so why don't you join the us and strap in for the ride? + +Come join us in the voice chat where we have a community working tirelessly to reach unimaginable heights. Our devs are working day and night to ensure you reach the moon, via the power of the DOGEFATHER. We've seen growth like no other, reaching a marketcap of $21 million, 12k+ holders, and 4000+ TG members in less than 24 HOURS! + +The hype we've built is unimaginable, and we got the name recognition to keep it going. Don't believe me? Check this out: + +Original Elon tweet: [https://twitter.com/elonmusk/status/1387290679794089986](https://twitter.com/elonmusk/status/1387290679794089986) + +Binance's tweet: [https://twitter.com/binance/status/1387344660180307971](https://twitter.com/binance/status/1387344660180307971) + +But that's not all, our devs wouldn't just stop there! We've got much more incoming, and here's a little tease of what's to come. Feel free to check out our website for further information on the roadmap, or pop on in the telegram and chat with the devs about their plans too! The devs are active and would love to interact with its community! + +⭐️18 Hours old + +⭐️Market Cap: 21m + +⭐️12k+ Holders + +⭐️Logo already up on Trust Wallet and PancakeSwap + +⭐️CMC, CG, and Bilaxy listings have all been applied for + +💥OVER 10 TIK TOK VIDEOS UP PLUS MORE INCOMING (JORDAN BELFORT CONFIRMED) + +💥YOUTUBE VIDEOS UP + +💥$1000 Twitter meme contest LIVE + +💥EVERY POST TRENDS on 4 CHAN + +🔸Very active Telegram voice chat! + +🔸5% distributed + +🔸5% added to liquidity pool + +🔸Dogefather have planned to develop an NFT project in the future with charity donation for each transaction. + +🌐 [dogefather.space](https://dogefather.space/) + +💬 [t.me/dogefatherBSC](https://t.me/dogefatherBSC) + +🐦 [twitter.com/dogefatherBSC](https://twitter.com/dogefatherBSC) + +🔷PCS v1: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x3d29aa78fb558f84112bbc48a84f371147a920c9&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x3d29aa78fb558f84112bbc48a84f371147a920c9&inputCurrency=BNB) + +Poocoin: [https://poocoin.app/tokens/0x3d29aa78fb558f84112bbc48a84f371147a920c9](https://poocoin.app/tokens/0x3d29aa78fb558f84112bbc48a84f371147a920c9) +KMD is now at 1.15 (15% higher than where I sold) + +Z1P is now at 5.5 (12% lower than where I bought) + +I am the crown autist + +Update: I have doubled down on Z1P at 5.5 because I want to stretch my degeneracy further +Going all in pre apple buy back shows insane confidence in his company. + +All his options for the poll was Apple and toilets. Apple going down. Spec is to go all in on GME without using his executive shares at all. + +When he took his stake in BBBY GameStop shot up. Meaning same basket. Meaning rehedge. Mean cycle reset. He knows end date and is going to fuck them in dry roll period where they’re completely unhedged. + +And we can still split and he can also buy up insane amounts with his apple holdings. + +We moon soon. + +HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL + +Edit: rehashed his old sugar daddy tweet as well. Posted at 6:02. On 6/2 is proxy vote for him giving us stocks as dividends. Sugar daddy Cohen confirmed. + +Also both direct mentions of apple, not falling far from tree (buy backs, notorious as fuck for buy backs like 90B in buy backs in short term) they have been at a peak and proceeded to dump 8-12% in the short term following. + +YOOOOO +I would trust the devil more than someone with an 18 year stint at Goldman Sachs. + +You had the chance to regulate derivatives pre-2008, and deliberately chose not to. + +Instead, after your deliberate inaction led to the Great Recession, you cut a Glass-Steagall Repeal cake a year later in 2009, where you clinked champagne glasses with a room full of banker fucks after destroying the lives of hundreds of millions of people around the globe. + +Those who didn't kill themselves went on to struggle for years and years. + +We all know 2008 never fucking ended, you fucking asshole. + +​Where is your conscience? + +If you have one, I hope it haunts you forever. Cos all your pretty words teasing incremental change mean jack shit. + +Now that you're at the wheel for round two - **Who's side are you on?** + +You could end Payment For Order Flow tomorrow - but you won't. + +You could shut down dark pools tomorrow - but you won't. + +**Your inaction speaks volumes.** + +If I can allow myself to speak on behalf of the millions of lives you helped destroy in '08 and the decade that followed - **we can't afford another fuck up.** +Marx is omnipresent in sociology, very important in philosophy, important in anthropology, and influential in history. I am well aware of *why Marx is considered archaic* in economics (LTV, TRPF, etc); what I want to know is why is there such a disconnect between those other fields and economics? + +I realize this question may be read as passive-aggressive (I have noticed such tones with similar questions in the past), but I'm asking because I've always found it a strange disconnect and don't often get charitable answers, so I figured I'd ask economists themselves. +This was the statement given by finance minister of India recently. The statement was used as a meme and by trollers on the internet for some time. + +Regarding international economics and currencies market, how much does this statement actually make sense ? +Yesterday i made a post about scam coins with no real value. I expected to see common sense and critical thinking, criticism against shitcoins. +Unfortunately what I saw was universal love for shitcoins, how people see them as their winning lottery tickets. What's 20$, if it moons I will win a lot, if it gets rugpulled I lose only 20$. + +Everyone here screams adoption this adoption that, but nobody realizes that every time they support a scam coin they don't only lose money, they take a giant shit on crypto's credibility. + +You're wondering why your parents think crypto is a ponzi, while you put yet another 50$ on a rugpull doge clone. Maybe you're a part of the problem mate. + +Yes scams will happen always but when the hive mentality "its only 20/50$" still exists, crypto will never be taken seriously and adopted at large. + +Scams coins aren't gonna stop existing until the demand of them is non existant. And it's not a big amount but if 3.5mil people start using their brains and not their get overwhelmed by their "where lambo" mentality things might get a little bit better. + +Stop spending your money in shitcoins and DYOR. Don't make exploiters rich. Be the better person. + +THINK ABOUT THE LONG GAME!!! +Hi I'm a 20 year old and new to the investment Forte. Most financial advice available online is for USA citizens and they keep suggesting a Roth IRA. What is a Roth IRA and what is its Indian equivalent and risks involved. +[https://www.bloombergquint.com/business/latam-airlines-files-chapter-11-bankruptcy-stymied-by-lockdowns](https://www.bloombergquint.com/business/latam-airlines-files-chapter-11-bankruptcy-stymied-by-lockdowns) + +&#x200B; + +> The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s Cueto family and Delta Air Lines Inc., continues to operate on a reduced schedule, and it has commitments for a bankruptcy loan of up to $900 million. + +> +> The money is coming from shareholders including the Cuetos, the Amaro family and Qatar Airways, according to a company statement. Latam also has about $1.3 billion in cash on hand. + +> +> Airlines the world over -- and those in Latin America in particular -- have been hit hard by the coronavirus outbreak, which triggered travel bans and made people reluctant to fly. Avianca Holdings SA, the largest air carrier in Colombia, filed for Chapter 11 bankruptcy earlier in May, burdened by the sharp drop in fliers and its own onerous debt load. + +> +> Latam’s affiliates in Brazil, Paraguay and Argentina aren’t part of the bankruptcy case, which was filed in the Southern District of New York. + + +Read more at: [https://www.bloombergquint.com/business/latam-airlines-files-chapter-11-bankruptcy-stymied-by-lockdowns](https://www.bloombergquint.com/business/latam-airlines-files-chapter-11-bankruptcy-stymied-by-lockdowns) +Copyright © BloombergQuint + +&#x200B; + +&#x200B; +Information provided in this post is my opinion on potential estimates of what the ownership makeup of GME may look like at this point in time. This is the 3rd time I have calculated the estimated retail ownership of GME over the past year since getting involved in December of 2020, and each time the numbers have been relatively in the same ballpark. + +I am using data from MergentOnline which is an online database ran by FTSE Russell, or the group that runs the Russell 2000 index. I have personally contacted Mergent and FTSE Russell about this topic, and they did not shoot down my thinking but more or less confirmed it. The gentleman at Russell told me they have a dedicated data team that combs through SEC reports and speaks directly with the issuers/hedge funds themselves to update data as frequently as every 15 minutes. + +I will not review the math behind my calculations because I have covered it in a previous post, honestly it's pretty simple math using proportions. My previous post can be found [Here](https://www.reddit.com/r/Superstonk/comments/nneevk/gme_ownership_analysis_528_hedgies_r_fuq/). + +&#x200B; + +[Outstanding Shares](https://preview.redd.it/gnlqivuvkk581.jpg?width=3666&format=pjpg&auto=webp&s=cf88b25a07b1f1a718befa9bd61e9e9b677e2619) + +We can see from the screen shot above that outstanding issued shares by GameStop is reported at 76,351,000. More or less this is around where the actual number is reported by GME (may be 77MM). + +&#x200B; + +[Insider Ownership](https://preview.redd.it/7erxc08hmk581.jpg?width=3703&format=pjpg&auto=webp&s=89873948b8dbfd2e992141e5c4075fdf824eb0d0) + +The above graphic states that GME insiders directly own 8,013,099 shares or 10.5% of the company. The math checks out with the stated issued number of shares (10.5% of 76 million is approximately 8,016,885). The interesting part of this graphic is that it is only DIRECT insiders. Indirect Insiders hold much more than 8MM shares, an extra 15MM to be exact. For an example, RC Ventures is not listed as a Direct Insider Holding. When considering both direct and indirect insider ownership this brings the Total Insider Ownership to approximately 23,773,769 shares. So now that we have an idea of what insiders may hold, let's check out Institutional ownership. + +&#x200B; + +[Institutional Ownership](https://preview.redd.it/rx48br43nk581.jpg?width=3712&format=pjpg&auto=webp&s=13b4ab71d5570fec058c7a06af86a5fef4ad3c73) + +Once again, Institutional Ownership is where things start to get really wonky to me. The Institutional Ownership page shows a total of 50,371,590 shares owned by Institutions, at 27.94% of the company. + +When calculating the "Total Shares" a proportion is set up that looks like the following: + +&#x200B; + +[GME Maths](https://preview.redd.it/ojr2c077pk581.jpg?width=2830&format=pjpg&auto=webp&s=4a02d3c4a2108ffd5d8da56941051eec66a9e6d1) + +This calculation gives us a total estimated shares value of 180,284,860 which is a number we can work back from to attempt to estimate retail ownership of GME. + +1st institutional ownership is deducted from the total: + +180,284,860 - 50,371,590 = 129,913,270 estimated shares without institutions + +&#x200B; + +2nd Insider shares (total insider shares) are deducted from the remaining share balance of 129,913,270 - 23,773,769 = 106,139,501 estimated shares in retail hands. + +&#x200B; + +If Mergent/Russell is even REMOTELY close with their data.. retail supposedly owns more than 135% of the entire company. + +Somone got themselves in deep and hasn't let their foot off of the gas yet. Best of luck to everyone. + +\*This is not financial advice, individuals please make your own educated decisions on how to handle your personal investments\* + +I am always open to questions or constructive criticism. + +\- H3RB +I have been doing well at work and my offset account is nearly equal to my mortgage. I assume that means I have paid my mortgage but I might be missing some trick of the bank. + +My dad’s spending all his time on the stock market but he lives in Europe and all his advices are “this is tax deductible” and I have about 0 clue how the Australian system works, so not sure if his wealth of knowledge is even transferable. + +My wife is on a very low salary and friends tell me the wisest and easiest thing to do is to put more in her super - again google search has got me overwhelmed and still lost on the practicality of what to do. + +Finally some numbers. We live a simple life and I think we can invest $4000/month once the mortgage is paid, some months will be harder if we have things like white appliances dying or we need to do some repairs but I think I can commit to this amount. + +My work is taking all my time so I probably don’t have a lot of room to work this money (like buying a business and running it) and I’m not looking to be a millionaire- I’d just like to retire earlier - I’m 44 and exhausted. +**G**ood **M**orning **E**veryone, + +I want to get the eyes and comments of some wrinkle-brained apes on this. Please review, critique and debunk as necessary. [I made a longer post about this topic yesterday](https://www.reddit.com/r/Superstonk/comments/p5sblc/naked_short_selling_and_systemic_risk_the_anatomy/?utm_source=share&utm_medium=web2x&context=3). The below is a more easily digestible summary of the FTD section. + +This post is based on info from this[ video from 2009](https://www.youtube.com/watch?v=FCiL4v7_z9E), which explains how the failure to deliver (FTD) numbers reported by the DTCC are just a small fraction of the total fails occurring in the market. The most relevant part starts 12 minutes in, but watching the whole video is worthwhile in my opinion. + +# "Flavors of Fails to Deliver" (FTD) + +[The cumulative value of FTDs in the stock market as at March 31, 2008](https://preview.redd.it/qw5nq9h1exh71.png?width=871&format=png&auto=webp&s=951618a742c4f9b57e79788a253a32fde046e4f3) + +Let me explain the above chart from the video: + +* As at March 31, 2008, the cumulative value of FTDs reported through **DTCC** was $*9,000,000,000.* +* By the DTCC's own admission, the value of the fails originating outside the DTCC through **ex-clearing** was **FOUR TIMES** higher, or $*36,000,000,000.* +* Unnamed credible sources further estimated that fails originating through **Off-Shore clearing** were valued at a further $*99,000,000,000.* + +**In other words, adding together the value of FTDs through ex-clearing and off-shore clearing amounted to FIFTEEN TIMES the value of FTDs reported through the DTCC.** + +# Assuming that 15:1 ratio is still true today (has the market gotten any less corrupt since 2008?) - lets apply it to GameStop's trading: + +&#x200B; + +[GME's June FTDs data](https://preview.redd.it/16l2nek5fxh71.png?width=700&format=png&auto=webp&s=b5ed250935601db3b29e5dbf4cef199768c59145) + +[GME July FTDs data](https://preview.redd.it/6x26hgm7fxh71.png?width=590&format=png&auto=webp&s=7070261832fa05053bd4ffd246fed8f793e2d6f0) + +# My quick math: + +|June 18, 2021 |462,852 FTDs reported|x 15 = **6,942,780** estimated total FTDs| +|:-|:-|:-| +|June 29, 2021 |346,542 FTDs reported|x 15 = **5,198,130** estimated total FTDs| +|July 30, 2021 |229,665 FTDs reported|x 15 = **3,444,975** estimated total FTDs| + +# Now lets compare those numbers with [GME’s reported trading volume around those days:](https://ca.finance.yahoo.com/quote/GME/history?p=GME) + +&#x200B; + +* June 18, 2021 – **4,320,300** shares traded (T-3 = June 15 - 7,301,900 shares traded) +* June 29, 2021 – **2,480,000** shares traded (T-3 = June 25 - 12,692,700 shares traded) +* July 30, 2021 – **2,373,500** shares traded (T -3 = July 27 - 1,214,800 shares traded) + +Well, that's interesting. Significantly higher \*estimated\* total FTDs than the reported trade volume for GME in and around those same trading days? What are we to make of this? + +# Just for fun, lets look at some of GME's FTD numbers from January 2021: + +[GME second half of January FTD data](https://preview.redd.it/zlu8fectixh71.png?width=655&format=png&auto=webp&s=1d75d069c1a9dc52282f1947d2a291a8a5de8c0b) + +# Holy shit. Over 2 million GME shares failed to deliver through the DTCC on January 26, 2021. + +# 2,000,000 x 15 = 30,000,000 potential FTDs?! + +Is that potentially the real number of GME shares that failed to deliver on certain trading days in January, when the stock **legally** only had some \~66m shares outstanding?! If that doesn't get your tits jacked, I don't know what will. + +# Lets let our imaginations run a little wild though: + +* Isn’t GameStop supposedly a once in forever market situation, as per Dr. Michael Burry? +* Doesn’t this particular security display "idiosyncratic risk" to the financial system, as described by the DTCC themselves? +* Didn’t Robinhood et al panic and take away the buy button in January? + +What if... the number of GME FTDs occurring outside the DTCC is ***even greater*** than the 15x that was typical in 2008, as GME is anything but a typical stock...? Remember all those mysterious Credit Suisse and Brazilian Hedge fund puts that briefly showed up in Bloomberg Terminal data? (*It was just a glitch bro!*) **\*Gulp\*.** + +# Please let me know if I'm wildly out to lunch here. Looking forward to discussion, constructive criticism, and debunking as necessary! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +In FTX leaked balance sheet, Serum is marked at USD 2.2 BN. + +It is the biggest holder of wrapped GME + +https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496#balances + +It was created on 25th January 2021, supposedly by SBF. + +Edit: its market cap never exceeded 1.2 BN... + +https://coinmarketcap.com/currencies/serum/ + +Edit 2: other apes found other GME tokens like SRM. See in comments. + +Edit 3: this ape nailed it in advance big time + +https://moass.info/the-long-con-the-markets-are-frothing-with-liquidity-part-2/ + +Edit 4: tokenized shares accepted as collateral by JPMorgan https://www.reddit.com/r/Superstonk/comments/yu8204/onyx_by_jp_morgan_allows_tokenized_stocks_to_be/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button + + +Edit 5: Probably no GME shares were held as collateral for these tokens... + +https://twitter.com/peterrhann1/status/1591880948647624704?s=46&t=XXhO_i2JXxCD51mRAieusQ + +> A linkedin contact delved into the terms of service for FXT Switzerland, noting "owners of tokenized securities will not get compensated in the event of a bankruptcy or be able to convert their token to a real share/basket of real shares". + +Confirmed here: https://www.reddit.com/r/Superstonk/comments/yukf1s/gme_tokenized_stock_it_gets_worse_coinmarketcap/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button +Hey everyone - usually more of a lurker than a poster but have come to a bit of a career crossroads and decided to post in order to seek advice. + +I’m 27 years old and have spent first 4.5 years out of college working in investment banking and private equity. The work has been incredibly demanding with high stress levels and long, unpredictable hours. The comp has been great however and I’ve accumulated a net worth of $600k in this time. Currently make around $250-300k per year but varies with bonuses. + +I’m now at a point where I’m starting to burn out a little bit and considering other career paths. My PE fund invests in SaaS companies so I have good experience there and think I’d be a compelling candidate for finance / strategy / corp dev roles at such companies. + +Given many people on this board seem to work in tech, I’m wondering if anyone can share anecdotal detail of what type of roles and total comp one could expect coming into tech with ~5 years of high finance experience. + +I realize I’d likely be taking a slight pay cut but I would consider reducing pay if it meant working predictable hours and having weekends / vacation back. + +This is certainty an open ended question but any feedback would be appreciated. Thanks in advance. +Hi Folks, + +Currently looking for the best place to park some investments totaling 1MM and after digging through the forums searching, there doesn't seem to be a centralized post summarizing all the benefits of various banks at the 250k+ level. A lot of information also seems to be VERY out of date, so I figured I can summarize my findings and also ask folks here if they have any other advice. I want to clarify that this is NOT private banking who might need to "finance a plane in 2 days" or structuring overseas assets/trusts, but rather "medium" net-worth accounts where there is some value in setting and forgetting your passive index funds or parking some cash for an emergency fund. + +&#x200B; + +Chase Private Client - 250k+ + +\- Free domestic and international wires, No more museum program (cut in 2021), deposit box (sometimes?), waived fees (same as base Schwab), mortgage origination discount, and .5% rate if you have 150% of loan amount (worst out of all the major banks for mortgage rate discounts), best online self-service UI, $500-2k "welcome" bonus depending on the time of year. + +&#x200B; + +Citi Gold - 200k+ + +\- Citi Gold Culture Pass (seems heavily NYC focused), $200/400 subscription fee waiver on Costco, prime, etc (new benefit from 2021?), waived fees (same as base Schwab), .5% mortgage rate discount for 1M, .625% for 2M, 500-1.5k welcome bonus depending on the offer. A few lounges available around the world for Citi Gold members. + +&#x200B; + +Wells Fargo -1M + +\- Fee Waiver, .5% mortgage rate discount for 1MM asset (have Wells try to beat your rate and then apply relationship discount for the lowest rate). Free meh credit card with inferior earnings to BoA or Amex, Can't seem to find much else. Rumors on a few premier credit cards that will launch for their relationship banking in 2022. + +&#x200B; + +BoA / ML - 100k / 1MM / 10MM+ + +\-.25% mortgage discount for 500k, .5% discount for 3M, 75% awards rate boost starting at 100k, decent cashback option, but slightly worse than Amex Gold on dining but with less fees, 20% savings rate boost (really not worth it in this market), ML fee discount, account fee wavier + +&#x200B; + +Schwab - 250k + +\-.25% for 250k, .5 for 1M, 1% for 10MM mortgage discount with Rocket (initial rates are terrible on rocket), their base account is solid though, and already have most of the benefits of other programs. + +&#x200B; + +First Republic - Unkown + +\-Waives fees, They have mortgage rate discounts, but they are very conservative and require a higher % down on super-jumbo loans. Need to Call for exact rate discounts. Their rates on jumbo loans are very good, however, even before discounts. However, probably the most "personal" banking experience I had, and seems to be the consensus if you want a person that you can call up. + +&#x200B; + +Morgan Stanley 1MM + +\-Standard Fee Waiver, $695 MS Amex Plat fee waiver (although, Access investing might allow you to qualify into one of their checkings, and you just need to park 25k there to get this) + +&#x200B; + +HSBC - 1MM+ + +\-.5% discount on mortgages, some event perks with Jade?, Fee refund on their crappy credit card, heard their investment side is terrible with fees though. + +&#x200B; + +Fidelity private Group - 100k /1MM+ / 2MM+ + +\-Free wires, no fees, 2.25% cashback at 100k, 2.5% at 1MM, 3% at 2MM+, good standard cashback card if you're not into churning/min-maxing on points. Options fee waiver if you're into trading options. However this is only for professionally managed assets, so probably not worth it for most folks considering the fees on those assets far outpaces the benefits. + +&#x200B; + +Source on mortgage rate discounts: + +[https://www.bogleheads.org/forum/viewtopic.php?f=2&t=280692&start=1050#p6356077](https://www.bogleheads.org/forum/viewtopic.php?f=2&t=280692&start=1050#p6356077) + +\*\* Most of these banks are after "new assets" for their mortgage discount, so if you're trying to get the mortgage discount, you should hold off on when you have an actual mortgage to leverage that. Though, there are enough bigs with similar discounts that you can dial through. + +Please let me know if I missed anything. + +&#x200B; + +To be honest, there doesn't seem to be a lot of benefits anywhere. I am in the process of refinancing with Wells after putting in 1M into their program and locked in a 2.5% 30yr fixed on a 2MM+ loan (after discount) but will be looking to move the bulk of my stuff elsewhere afterward due to their lackluster benefits. + +It's looking like I'll probably use Citi's Citigold program to get some of the subscription bonuses, despite their horrendous online UX, but after Chase cut their arts and culture program, there doesn't seem to be any real benefits to these "private client" programs. + +&#x200B; + +EDIT: Couple of folks mentioned that the biggest benefit should actually be the asset-backed loan / Portfolio lines of credit rates from these various firms. Schwab and IBKR both have pretty good rates, so if that's what you're looking for, the rates on those loans might far outweigh the marginal benefits of these other banks. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I've seen a couple of unanswered questions related to HRA across a few tax related posts. Since this is a very common one, thought I'd start a thread for all HRA related questions. + +&#x200B; + +My situation: + +I moved to my hometown after WFHs were issued mid of 2020. + +We had a shared apartment on rent. The landlord wouldn't accept any form of digital payment, so we had to pay the rent in cash and he wouldn't give us his PAN card information either. So, we just claimed around 8.3K every month which amounted to around 1L every year. + +Did the rent receipts through Clear Tax and signed it by ourselves. The whole process of getting receipts online and signing it yourself looked very shady in the beginning, but apparently that's what most of the employees do and I eventually ended up doing it myself. + +One thing I'm worried about is the Rental agreement which basically expired in the beginning of 2019 but we were postponing the renewal of the agreement because of other issues like rent increase and the like. + +I was paying rent for the apartment till around September 2020 after which we vacated the place. The owner didn't return the deposit amounting to another 2 and a half months of rent. + +But, during the beginning of 2020, we had entered the rent projections in the employer's portal for the year of 2020-2021. + +How do I go about this? Should I claim HRA only till September? Or can I include the unreturned deposit as rent for another 2 extra months? It's all under 1L either way. +When the rule of thumb in /r/Economics on the sidebar gets changed without any notice from "upvote what you like, downvote what you don't" to "This is not /r/politics," it makes things confused. + +Also, there are all sorts of new mods, most of whom I'd never heard of, save for drivefaster's [rant](http://www.reddit.com/r/Economics/comments/eqs8t/fuck_reconomics_i_want_a_place_for_real_economics/) about too much "politics" being in /r/Economics, along with a cosign by stingystooge saying what [he didn't think economics was](http://i.imgur.com/puZFt.jpg). Both of these two were only marginally involved in the community before becoming mods. + +Mods, please let us know what is and is not "economics." Is monetary policy "economics" or "politics?" Is fiscal policy "economics" or "politics?" Is individual decision making "economics?" How is the Sherman Antitrust Act "economics" but it isn't "politics?" Because we don't have any clear definition what is and isn't permissible anymore. + +Thanks! + + +I’m 50 yr old (blue collar, female clerk worker) My house is finally paid off (hooray) I just went from making 15.79 to 19.50 (😊) an hour. I have just under 30,000.00 in 401k. 16,000.00 in a savings account. $17,000.00 in combination of IRA CD, and target fund. My house needs the shingles replaced. And the bathtub replaced. Part of me, wants to put that extra money into my 401k to built it up. Or use part of my savings and the extra money to fix the roof and bathtub. I would love to retire at 65. But not sure if I could. What do you guys suggest? +Citadel finally released 13F-HR + +Type | Previous Holdings | Current Holdings | Change +----- | ------ | ----- | ----- +CALL | 1,714,100 | 2,278,000 | +32.9% +PUT | 2,224,500 | 3,271,400 | +47% +SHARES | 217,132 | 22,405 | -90% + +You can swipe the chart to see the % change. + +As you can see, they sold 90% of their shares. +Probably they needed liquidity to pay the high energy cost at night, especially on weekends. + +Obligatory Rockets🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Source SEC: +https://www.sec.gov/Archives/edgar/data/0001423053/000095012321007021/0000950123-21-007021-index.htm + +https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&category=custom&startdt=2021-05-17&enddt=2021-05-17&forms=13F-HR + +Source also provided in this great Thread: +https://www.reddit.com/r/Superstonk/comments/neg7tx/13fhr_reports_hot_off_the_press_and_updated/?utm_medium=android_app&utm_source=share + + +ELIA: These are their GME Holdings. +Check out the sources my beloved friends. +I have a PPO plan. I have a $50 deductible and owe 10% co-insurance when I see in-network providers. It's a student health insurance plan. + +However, despite this contract, nearly every provider I go to bills me more than what my insurance says I owe according to the explanation of benefits I get for each claim. Edit: THESE ARE ALL IN-NETWORK PROVIDERS. + +About 5% of the time, the provider acknowledges the mistake and sends me a new bill with the corrected balance. But for all the others, they refuse to budge and threaten collections if I don't pay the full amount. + +Sometimes the provider will say, "this is a [insert random name] fee/surcharge etc. that insurance doesn't cover." Other times, the person that answers the call either doesn't understand medical billing at all or is pretending to not understand it to get me off the phone. + +I'm on the phone with my health insurance nearly every day. They've said they've done investigations, except all but one "investigation" has dragged out for several months with nothing to show for it. And each time I call up, they act like they've never heard of any of these investigations until I start reading off codes, dates, and people. Then they magically find it and act like it's the first time anyone has been made aware of it and say they'll call me up when they get an answer. And then they never do. + +Is there something I'm missing here? I've read similar complaints from people, but people seem to experience these things rarely - whereas in my situation, not having a medical billing headache is the rare exception. + +This also seems to be a problem with the providers near my university (small city in upstate New York) more so than where I grew up (suburb of NYC). +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. +I'm looking at a Triplex with a CAP rate of 11%. It's in a great area, great schools, new roof, and there's lots of money funneling into the neighborhood. However, there is a catch. All three tenants haven't paid rent in more than a year and they all want to stay. Is there anything that I can do about this, or should this be a hard pass? + +Edit: First off I want to thank everyone for the categorically monumental wealth of knowledge that was shared here today! I have gained a depth of insight that has far exceeded my expectations and a profound clarity on how to proceed with this opportunity. I am truly grateful for all of your wisdom! + +My plan is to proceed as follows: +1) Level with the owner and make an offer at 20% below ask. +2) Accept a counter that is less than or equal to 10% off of ask +3) Have my attorney ready to hand out evictions on day 1. +4) Utilize cash for keys if absolutely necessary. Also, offer to pay for a one day U-Haul rental if they need just a smidge more persuasion. +5) Renovate and get new tenants in by the 6 month mark. +6) Take a weekend trip to the mountains if I can meet my deadline + [https://www.bloomberg.com/news/articles/2020-07-29/kodak-stock-surge-attracks-43-000-robinhood-traders-in-24-hours?srnd=markets-vp&sref=xTkgnLSf](https://www.bloomberg.com/news/articles/2020-07-29/kodak-stock-surge-attracks-43-000-robinhood-traders-in-24-hours?srnd=markets-vp&sref=xTkgnLSf) + +&#x200B; + + + +Robinhood day traders swarmed to Eastman Kodak Co. shares as the stock rallied 1,600% this week. + +As of 11 a.m. in New York on Wednesday, 43,000 users of the investing app had added [Kodak](https://www.bloomberg.com/quote/KODK:US) to their accounts in some form over the past 24 hours, according to website Robintrack.net, which aggregates data from the brokerage but isn’t affiliated with it. The activity was 20 times more than the next most-popular stock, Actinium Pharmaceuticals Inc. Roughly 27,000 of the additions came over a four-hour span earlier Wednesday. + + + +The growing presence of retail investors has become a popular markets narrative this year with zero commission fees and the potential for entertainment in a world largely without sports or gambling luring a new crop of traders. The impact they have on prices is unclear, but similar buying sprees have erupted in pockets of the equity market, including electric-vehicle firms, shares of companies in bankruptcy protection and increasingly pharmaceutical stocks. Earlier this month, Tesla Inc. attracted Robinhood traders at a pace of [10,000 an hour](https://www.bloomberg.com/news/articles/2020-07-13/ten-thousand-day-traders-an-hour-pour-into-tesla). + +Kodak -- famous for its pioneering work in film photography -- surged 331% to $34.24 as of 11:34 a.m in New York. The rally began after it [won](https://www.bloomberg.com/news/articles/2020-07-29/kodak-shares-add-another-500-as-drug-shift-keeps-boosting-stock) a government loan to assist in the production of a coronavirus treatment. +**If you haven't read u/Region-Formal's [post today about CItadel's financial condition, you're missing out!](https://www.reddit.com/r/Superstonk/comments/wuwg5f/shitadel_are_in_an_even_worse_financial_situation/)** + +&nbsp; + +Rather than make a lengthy comment on their post, I decided to put together a quick DD to continue the conversation. + +1. Citadel Securities is likely the primary income source for all of Citadel and its subsidiaries (hedge fund pales in comparison, income/revenue-wise, I believe). However... +2. We're unsure of *exactly what* kind of financial condition Citadel Securities -- or Citadel as a whole -- is in because Citadel has almost no reporting obligations. +3. In fact, Citadel is known to pro-actively avoid regulation and disclosure. + * Example: They closed Apogee, a regulated dark pool, to funnel orders through Citadel Connect, an un-regulated dark pool -- Single Dealer Platform which draws on it's internal inventory, as one example of many. (Side note: SDPs are coming under scrutiny from the SEC -- go Gary!) + * Other examples: Citadel stays privately held despite needing funding (i.e. hasn't gone public like it's competitor Virtu) so does not need to disclose financials; they stay away from owning more than the legal amount of shares to make them an "insider" in firms which comes with extra reporting obligations; and so forth. +4. u/Region-Formal pointed out that the parent company of Citadel is Citadel LP. However, they are [one step behind](https://www.reddit.com/r/Superstonk/comments/w0nhl8/did_anyone_catch_that_citadel_advisors_llc_became/) u/Get-It-Got who caught that Citadel parent company changed from LLC to LP in March of this year. Why? +5. Get-It-Got posits that it is because an LP *has fewer regulations than an LLC* -- specifically, that *it is not subject to some of the regulations of the* ***Investment Act of 1940***. +6. Investment Act of 1940, where have I heard that before? Oh yeah, u/thabat 's [Rolling in the Deep Dive](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/)! Basically, Investment Act of 1940 is about disclosures of international funds and transfers. Citadel is likely skirting these regulations, legally or otherwise, in order to move funds through it's Cayman Islands funds. +7. "Cayman Islands! That's money laundering land!" Yep -- and /u/longjumping_college [beat you to the punch](https://www.reddit.com/r/Superstonk/comments/tl8uow/citadel_is_a_front_for_laundering_criminals_money/) on that one (LJC puts in a lot of time hunting and gathering). +8. And Region-Formal is absolutely right to point out that Citadel shifts funds between its own companies rather liberally. Because remember u/Atobitt 's "The Everything Short"? He caught them using Palafox -- a wholly owned subsidiary -- to execute suspicious fixed income transactions *to themselves* -- wash sales. +9. So technically there are separate companies within Citadel Advisors LP, but without disclosure or sufficient regulation, we have no way of knowing where one firm starts and another one ends -- it's all meshed together. However... +10. To me, Region-Formal's emphasis on the quality of the bonds and the volume of investment intake is ***very much well-deserved; I believe Citadel is in dire straits.*** +11. And remember how I mentioned Virtu? They're publicly held, so you can see how their business is doing as an indicator of how the whole market is looking: [q2 2022](https://s21.q4cdn.com/422114427/files/doc_financials/2022/q2/Virtu-Financial-Inc-Earnings-Release-Q2-2022.pdf), [q1 2022](https://s21.q4cdn.com/422114427/files/doc_news/2022/Virtu-Financial-Inc-Earnings-Release-Q1-2022-Final.pdf) + * **Revenue is down 14%, but income is down 25%**. + * This is likely the case, if not worse, with Citadel. + +**All this points to a consensus with u/Region-Formal: the loans show that CItadel is couging up blood.** + +However... + +* Citadel is in the business of copying it's MM model to various industries, and *is genuinely expanding AFAICT.*~~~~ + * Examples [1](https://www.reddit.com/r/Superstonk/comments/t3vsdt/soo_ummcitadel_securities_is_applying_to_become/), and [2](https://www.bloomberg.com/news/articles/2022-06-07/citadel-securities-virtu-form-crypto-plan-with-fidelity-schwab#xj4y7vzkg) +* For them, cost of "duplicating" their services to yet another venue or product is a non-issue; they are bound to make back whatever their initial outlay was in a relatively short period of time. +* That said, like Region-Formal, I haven't seen any traction particularly in the Crypto space. + * It's possible that after Coinbase's NFT flop, and the ongoing exposure to the Tether debaucle, that major firms are taking a more measured approach to the Crypto-sphere than their initial footholds. But only time will tell. +* But, as I believe that over the past 2 years Citadel has taken on $2B of additional investment (between their 2021 bond issuance, their Sequoia injection, and their 2022 bond issuance) -- **I have seen no product that Citadel has put forward that merits that kind of capital outlay, especially considering the self-disclosed income amount of** ***$7B ~~profits~~ revenue*** (s/o to u/guyfromcanada555 for catching my error) + +#With all that ~~profit~~ revenue, for a *private company that has no dividends*, why do they need to issue (near) junk bonds? + +&nbsp; + +#TA;DR: + +Citadel appears in dire straits. [This section is an edit] + +* Despite boasting $7B in revenue in 2021 with *no dividend obligations*, Citadel has taken on >$2B in financing since 2021. Why? +* Virtu, a corollary for the MM space, is seeing declining revenue *and declining profits* (i.e. profits are declining faster than revenue). +* Also worth noting: there are rumors of Citadel's hedge fund losing clients prolifically (indicated by their publicly announced "locked-in" timeframe), at the same time that their "securities sold but not yet purchased" balance swells. Meaning, if they were planning on using their international funds, i.e. Cayman Islands fund as leverage, the loss of clients means they are drawing down their leverage at the same time their liabilities in un-purchased securities is growing. +* **Shrinking leverage, growing debts & payments, declining revenue, and profit shrinking even faster: Citadel is fukt.** +* u/Region-Formal is pretty awesome + +&nbsp; + +*** + +rehash from [Sun Never Sets on Citadel pt. 4](https://www.reddit.com/r/Superstonk/comments/veqzr4/the_sun_never_sets_on_citadel_part_4/) + +*** +#4.9 All the Sun Touches, II + +Now, let’s roll this up into some key points that this fantastic community has uncovered the past year-plus: + +1. u/Criand showed out how Citadel [leverages](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) **swaps** +* And u/con101smd pointed to how Citadel likely employs **krypto** (before deleting “The Long Con”) +* It’s also important to note that Citadel has an **adjacent hedge fund**. *Extremely* important. +* Because remember how u/atobitt caught Citadel **shifting funds between different Citadel companies, partners, and subsidiaries**, such as Palafox? (in the “Everything Short” in another sub) +* And u/thabat theorized how Citadel might be **shifting assets between countries** [without disclosure](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/)? (and u/P_mage did some [work here also](https://www.reddit.com/r/Superstonk/comments/sx2tka/the_shorts_never_covered_or_closed_kiting_a_hot/), not to mention that one flight to [“Russia-not-Russia”](https://www.reddit.com/r/Superstonk/comments/skbb4y/any_fins_in_the_area_willing_to_get_us_a_tail/) right before war & sanctions) +* And we already covered Citadel’s **extensive international operations** and impressive **spread of products**. + +…all this plus Citadel’s **unequaled MM responsibilities in stocks and options and immense internal inventory**. + +&nbsp; + +Now, let’s add a *VERY* interesting quote from u/Super_Share_8721’s [excellent find ](https://www.reddit.com/r/Superstonk/comments/tt7td2/holy_sht_article_from_2001_ties_ken_griffin_and/)(and I see you u/JustBeingPunny [!](https://www.reddit.com/r/Superstonk/comments/u3qm9z/kenny_admitting_to_using_bcg_to_spy_on_other/) - BTW it was only a partial quote earlier): + +* [key quote](https://i.redd.it/92frvoabgm491.png) + + > “’[Ken Griffin has] built an extraordinarily diverse organization, **horizontally and vertically integrated.** It’s something with franchise value, which makes him different from 95 percent of the companies **classified** as hedge funds.’” [emphasis mine] + +&nbsp; + +**Now put it all together:** + +*So, Citadel is at the heart of markets worldwide with unparalleled price influence, shifting assets between partner companies and subsidiaries, bundling stocks, bonds, options, other securities, commodities, krypto, real estate, ETFs, access to SDPs, ATSs, nearly unlimited inventory, PFOF, international asset holdings and distributions, swaps (bundled because Citadel is “horizontally and vertically integrated”)…* + +*…into EXOTIC products...* +*…pass them through their [international connections](https://www.reddit.com/r/Superstonk/comments/tl8uow/citadel_is_a_front_for_laundering_criminals_money/)…* +*…and offer them to “Real Money” clients?* + +&nbsp; + +>!**Citadel is likely acting as an unregulated, backchannel *de facto* Prime Brokerage Investment Bank**!< + +>!They are likely bundling their offerings and services – including price influence – into exotic financial products…!< + +>!…and selling these to clients. Brokers like Charles Schwab and Robinhood. Hedge funds like Melvin and Sequoia. [Running IPOs for companies.](https://www.businessinsider.com/how-citadel-securities-dmms-are-handling-ipos-remotely-2020-5). Likely funneling the business through their [adjacent hedge fund.](https://www.bqprime.com/markets/griffin-s-citadel-beats-multistrategy-rivals-gaining-26-in-2021)!< + +*** + +*** + +#Kudos, u/Region-Formal ! +Basically, I transferred all of my shares held in my individual account over to CS and kept my Small XX in my Roth IRA at Fidelity. I asked how long would it take for my shares to transfer and she said an average of 24-48 hours...BUT!!!! "With everything going on and gamestop shares being puller out and to CS, it could take up to two weeks for CS to find the shares". Or something like that. You fucken apes are actually doing it!! She did mini FUD me at the beginning by saying it may be harder to sell at CS but idc, that's the point. No cell, no sell. +Today GME is down over 12% + +http://www.nasdaq.com/article/gamestop-corp-gme-is-sinking-after-q4-sales-disappoint-20170324-00425 + +This looks like another casualty due to the Internet (Microsoft Game Pass, amazon.com, etc.) and big-box stores. I know it has been discussed previously on /r/investing how GameStop's days are numbered. + +Man, the US brick-and-mortar retail landscape is going in the shitter quick. +To all young professionals in AU/NZ, + +I have been with my current company for 4-ish years (consulting) so I have been off the market for a while and decided that I wanted to do something different; and I was shocked at how many interviews / stages are required for a company to make a decision. + +I would have thought two - three 1 hour interviews would be plenty, but in almost all of my roles I've been told / have experienced 4 - 5 different stages of interviewing (outside of testing or HR screens), incl. Manager interview, Director / Partner interview, case studies, business presentations, meet the team. This often leads to at least 5 - 10 hrs of active interview time per job, excluding any time needed to prep or do take-home case studies. + +Normally, I would just tell myself that Company X is not worth my time and continue interviewing with other companies - but every single company I have interviewed with has had a similar process. + +Is this becoming the norm for professionals? How is everyone dealing with or navigating this situation? +Sebi fines PGIM AMC, its CEO, fund managers for inter-scheme transfers during credit crisis + +The cases pertain to an inspection carried out on inter-scheme transfer for the period August 2018 to February 2019. Sebi fined the AMC Rs 25 lakh, CEO Ajit Menon Rs 5 lakh, and three fund managers for Rs 2 lakh each + +Sebi fined the AMC a sum of Rs 25 lakh. Additionally, it has fined its chief executive officer, Ajit Menon, a sum of Rs 5 lakh, and three fund managers, [**Kumaresh Ramakrishnan**](https://www.moneycontrol.com/news/business/personal-finance/short-duration-funds-give-better-yields-than-fds-pgim-india-mutual-fund-4533361.html), Puneet Pal and Rakesh Suri, a sum of Rs 2 lakh each. Ramakrishnan was the fund house’s former head of fixed income; he left the fund house in November 2021. Pal is the fund house’s present head – fixed income. Suri was a debt fund manager at the fund house as well, but he, too, left the firm, in June 2019. + +**The charges** + +The Sebi order found [**PGIM AMC**](https://www.moneycontrol.com/mutual-funds/amc-details/PA) guilty of transferring good quality securities from its closed-end funds to open-ended funds, while transferring stressed securities from open-ended schemes to closed-end schemes. It also questioned the fund house’s rationale in investments in certain securities such as Sunny View and SD Corporation in 2018. + +Sebi's latest penalties on PGIM AMC and its officials come on the heels of its [**recent order on Kotak Mahindra Asset Management Co Ltd**](https://www.moneycontrol.com/news/business/markets/sebi-penalises-kotak-mahindra-trustee-company-kotak-amcs-chief-nilesh-shah-5-others-8764651.html) where it fined the fund houses, its CEO, its trustee company and its debt fund managers a cumulative sum of Rs 1.6 crore. + +The penalties were imposed for flouting Sebi rules while investing in Essel Group companies. + +Just like PGIM AMC, Kotak AMC’s episode was also part of the larger credit crisis that had plagued the MF industry and the debt markets between 2018 (the year of the IL&FS crisis) and 2020 (when Franklin Templeton India shut down six of its debt funds). + +In PGIM AMC’s case, the regulator found 315 cases of inter-scheme transfers and 25 of these took place with securities that were downgraded before or after the shifts. As part of the inter-scheme transfer incidents, Sebi observed that the fund house had transferred stressed securities from open-ended schemes to closed-end schemes and good securities from closed-end schemes to open-ended schemes. + +The Sebi order notes that in October 2018, the stressed security of Jorabat Shillong was transferred from [**PGIM Medium Term Fund**](https://www.moneycontrol.com/mutual-funds/nav/pgim-india-midcap-opportunities-fund-direct-plan-growth/MPA139) to PGIM Fixed Duration Fund. On the same day, it adds, security of Power Finance Corporation - which “did not have any adverse developments pertaining to it” - was transferred from the same fixed-duration fund to the medium term fund. Similarly, the security of DHFL was transferred from Medium Term Fund to Fixed Duration Fund on October 17, 2018 and on the same date, good quality security of L&T Housing Finance was transferred from Fixed Duration Fund to Medium Term Fund. + +Inter-scheme transfers have been undertaken by fund houses for years, provided the securities confer to the scheme objectives in which they are transferred. But fund houses have been found transferring stressed securities from one scheme to another, particularly from open-ended funds to closed-end funds, to provide liquidity to open-ended schemes. Open-ended funds get inflows and outflows on a daily basis, so liquidity in such schemes is very important. + +If the scheme is saddled with illiquid securities, it might provoke a redemption crisis. To avoid this, fund managers usually transfer bad securities to closed-end schemes, where there is no redemption pressure as they mature in the distant future; say after three or five years. The problem was that investors of closed-end funds were at a disadvantage if the stressed security continues to be stressed till redemption time of the closed-end fund. In which case, investors of closed-end have to bear the loss. + +In 2020, Sebi tightened inter-scheme transfer rules, as part of its on-going strengthening mutual fund regulations after the Franklin Templeton debt fund crisis. It made inter-scheme transfers more stringent. For instance, schemes could only take inter-scheme transfers after exhausting all other measures to generate liquidity, like use of cash, market borrowing and selling of underlying securities in the market. + +If, after all this, a scheme still needs cash to meet its redemptions, it should transfer the securities that come with a combination of low duration and high credit rating. + +With regards to two securities, Sunny View and SD Corporation, Sebi found that PGIM had transferred these securities from its open-ended funds to closed-end funds, when bad news about these companies had started to come out. + +**PGIM’s defence** + +According to the Sebi order, PGIM AMC defended its actions by saying that even after it transferred securities from open-ended schemes to closed-end schemes, the former still continued to hold sizeable chunks of the same securities. The underlying securities, the fund houses added, continued to pay interest. Any downgraded as observed by Sebi, it added, was “only by one notch” and happened “much later” or “prior” to the inter-scheme transfer. + +And the fund house also said that as opposed to Sebi's charges of not recording adequately the rationale behind the inter-scheme transfers (a requirement as per Sebi's circulated dated in the year of 2000), “there is no specific template as to how detailed the reason must be”. + +The Sebi order says that the fund house had defended that it had recorded its investment decisions and the fund house was monitoring all its underlying securities adequately. + +In a response to *Moneycontrol* query after the publication of the regulator's order, a PGIM India Mutual Fund spokesperson said: “We strongly believe there has been no wrong doing. We are studying the order and will consider all options open to us.” + +source: [https://www.moneycontrol.com/news/business/personal-finance/sebi-fines-pgim-amc-its-ceo-fund-managers-for-inter-scheme-transfers-during-credit-crisis-8769171.html?fbclid=IwAR1EHONLqqb4rxnN2TVoaclgVXowf-TKuPsmXHhIQ9M2UeTc1ASjXuG5V-I#:\~:text=The%20national%20markets%20watchdog%20Securities%20and%20Exchange%20Board,the%20AMC%20a%20sum%20of%20Rs%2025%20lakh](https://www.moneycontrol.com/news/business/personal-finance/sebi-fines-pgim-amc-its-ceo-fund-managers-for-inter-scheme-transfers-during-credit-crisis-8769171.html?fbclid=IwAR1EHONLqqb4rxnN2TVoaclgVXowf-TKuPsmXHhIQ9M2UeTc1ASjXuG5V-I#:~:text=The%20national%20markets%20watchdog%20Securities%20and%20Exchange%20Board,the%20AMC%20a%20sum%20of%20Rs%2025%20lakh) +*Sup. This post talks about Variance Swaps. If you never heard of the concept, I employ you to look up the profiles of* u/Zinko83 *and myself, your resident apeperts on the topic. Fucking do it, because it will explain a lot. I'll start with a little refresher regardless.* + +# Variance Swap Refresher + +A variance swap is a forward contract that, on expiry, pays the realized variance minus some strike. Variance is the square of volatility. That means the payoff grows more when movements in the underlying (from close to close) are large, which means that events like January would destroy anyone short variance on the underlying. + +The perfect hedge involves buying options over the entire range of available strikes, especially to the put side. GME's entire options chain is one large Replicating Portfolio to hedge variance swaps. + +Here's Figure 3 from the Demeterfi paper as a little reminder why that strike range thing is important. + +[Source: Demeterfi et al., 1999](https://preview.redd.it/zfj7zavsoh581.png?width=633&format=png&auto=webp&s=de91b68df4e934dd7bd646c045f5b9d3227b69a8) + +This time I'm gonna skip **a** and **c**. If you don't know wtf it means, look up our old posts. Okay, let's focus on **b**. You can see that if you are lazy/cheap/arrogant/super arrogant/retarded and hedge only with a limited strike range your hedge gets fucked if the underlying moves close or past your lowest/highest strike. That's also what happened in January several times, so whoever was short variance at the time would have gotten destroyed even if they had a full hedge running (which they didn't). + +# The Options Series + +If you paid attention to what I said and also to GME's options chain, you'll notice that the range of available strikes has gotten increasingly narrow. Until yesterday, new options had strikes roughly between $100, and $360 available. That presents kind of a problem because the chances of the stonk going near the danger zone are growing. + +So what would you do if you were a hedgie and knew that with January 21st coming the end of your current, pretty perfect hedge is getting close? That's right. Prepare and run the stock down until enough new strikes are written. Then run it up to free up more strikes to the upside, so you can sleep at night for the next few months. Knowing this, I checked The Options Clearing Corporation's market data for updates in GME's options series everyday since this dip began, and finally, it received an update last night. + +Last night, strikes down to $70 until February 18th were added. As far as I know, expiries farther out involve an application process at the OCC, so more series updates may be coming even if the stock were to launch today. + +# Conclusion + +Buckle the fuck up. This ride might get a bit more bumpy before we reach the launch pad. And get fucking smart about options. + +**Acknowledgements** + +Thanks to u/Zinko83 who was my DD buddy from the start, to u/sweatysuits for joining in on the fun when our friends were telling us they didn't want to hear anymore about ~~Obi-Wan~~ variance swaps, to u/Leenixus for paying for the software Zinko uses with his own money and to u/Criand for being a good boy. + +And of course, major thanks to Kenny, ballSAC, Plotkin's grandpa's values (which apparently involve market manipulation), the Toy from Bulgaria and their buddies. Without you guys I would have never started my journey on becoming smart money. You guys are the best. Now go fuck yourselves. + +# References + +* [https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Updates](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Updates) +* My old posts +We know what happened to WSB... + +Yes, we want new "real" members, but we also don't want an influx or shills and bots. The sub should be locked ASAP, while real apes are still in the majority. + +We could potentially construct an invite system to allow real people to join but this would put a bigger workload on the mods, so I'd rather see this sub locked for entry. + +Or at the very least raise the Karma/account age requirements so that mew people cannot post and comment at all. And as time goes on keep raising the account age requirement so that bots who joined today dont suddenly gain the ability to post in 2 months. +One day ago, this sub had about 250 members. Now look at it. You apes, all of you, are beautiful, diamond-handed smooth brain crayon-eating rocket-launching legends. I've never seen a sub grow so fast. + +Please take a look at the rules. We did our best to keep them simple, and while we are focused on a non-censored sub, we will remove if we must. We do have some mods who have graciously dedicated their time to help moderate the sub, so give them some props. + +And without further adieu, here is the daily discussion: +I have tried Google but it only brings up things about high vs low yield. What are the benefits to buying high priced stocks for dividends as opposed to buy a lot of lower priced stocks? I’m newer to dividend investing and I would like to know why people still buy high priced stocks for their dividend portfolio. Any info will help, thanks! +Im all for shitting on shitty companies and robinhood definitley deserves it. However it is really concerning that robinhood has become the scapegoat of all this when they were just one piece of the shit pie. Other brokerages that restricted trading in popular stocks include + + + + + +**Interactive Brokers** + + +**Webull** + + +**E-toro** + + +**Ameritrade** + + +**Merrill Edge/Lynch** + + +**Trading212** + + +**Etrade** + +**Tastyworks** + +**Trade Republic** (thanks /u/letmeknowthis2020) + +**Stash** (thanks /u/presidentme) + +**Freetrade** (thanks /u/randomboot97) + +and a huge clearing partner of many of these brokerages **Apex Clearing** + + + + +Some of there brokerages may have lifted restrictions sooner than others but its still important to remember this for future investments. +In the current environment, where debt mutual fund returns are very poor (last 3 month pre-tax returns for the best overnight/liquid/short duration funds are (0.75%-1.25% i.e between 3-5% annualized), bank fixed deposits suddenly look more attractive. Especially those of many strong but less known banks (small private banks & small finance banks that are RBI Scheduled banks with deposit guarantee). + +When I speak to people around, concernts/constrains on investing in bank FDs seem to be + +a. Trust/Safety (what if it is another PMC bank) +b. Convenience (can I open & operate account digitally) +c. Awareness (I didn't know I can earn 7% on a bank FD. My bank offers 4.5%) + +Any other concerns/constraints come to mind ? How to address them? + +If you have been in the camp of FDs are boring/low return & debt MFs are the right choice, what will prompt you to revisit & change that view ? +Around 10 months ago [I made this post](https://www.reddit.com/r/algotrading/comments/c05ykx/my_small_success_thanks_to_this_sub/) about finally deploying my algorithm after 2 years of trying to find something that works. + +Once a month I get a message asking me how it's going, so I figured I'd write a follow-up for anyone who's interested. + +###Background on me### + +I'm a professional developer but only a hobbyist 'trader'. I'm older and have a family, so my time is limited. I have no TA knowledge. I decided to get into algo trading because after trying to actively trade individual stocks and options it became clear to me that my emotions usually resulted in bad plays. + +All of my investment knowledge comes from investing (mostly in index funds) since 2001, reading and some of the content on this sub r/algotrading. + +###Algorithm### + +It's now been 3 years since I began this project. The last code change I made was in Oct 2019. Turns out after I made that Reddit post there was (unsurprisingly) yet more issues to fix. Since Oct 2019 there's still been problems but they weren't in my code -- they were in QuantConnect. + +The worst issue with QC I experienced was when QC crashed my algo after a buy order went through, followed by the stock halting before I could manually sell it, and then re-opening hours later to a -20% due to bad news. So that sucked. + +The algorithm is very simple - buy stocks that will likely bounce fast. It does not use NN / ML -- I tried that originally and it failed miserably. The algorithm tracking variables and stock selection **reset everyday**. This is important because there's **no** survivorship bias. It does not hold any stock for more than ~30 minutes (not because of any restriction, that's just how it goes). It never holds overnight. + +Here's some **back-test results** for the algorithm, I didn't include every year, just random ones that hopefully show when it went well and when it didn't: + +| Year | Avg Win / Loss | Win Rate | Sharpe | Drawdown | COMP Annual Return | +|:-----------|------------:|:------------:|:------------:|:------------:|:------------:| +| 2020 (YTD) | 5.13% / -6.78% | 68% | 14.95 | 37.00% | 1470.80% | +| 2019 | 5.19% / -4.50% | 62% | 2.026 | 27.20% | 286.18% | +| 2018 | 3.79% / -3.65% | 70% | 2.675 | 28.10% | 541.65% | +| 2017 | 3.48% / -3.01% | 69% | 3.336 | 22.10% | 806.91% | +| 2013 | 4.57% / -2.58% | 55% | 1.25 | 17.20% | 45.95% | +| 2012 | 4.15% / -2.75% | 61% | 1.964 | 30.20% | 119.34% | +| 2008 | 2.83% / -2.77% | 70% | 3.535 | 28.70% | 3684.04% | + +The algorithm often has a negative beta and performs a lot better in heavy volatility and bear markets. It performs worse in low volatility bull markets. + +###Live Results### + +This algo has been running live in various forms with real USD in IBKR since January, 2019. No surprise it lost money in calendar year 2019 because it had a lot of problems. + +Since Nov 2019, the live algorithm is tracking the same orders as back-tested results 1:1, however the amount it 'wins' on correct picks is never as high as back-test results, leading to much lower gains than the back-testing implies. + +* [Since Jan 2020, it has a positive +5% return](https://i.imgur.com/dZIJSVM.png). +* [Since Nov 2019 \(when I re-deployed it after a bug in QC\), it has a positive +21% return](https://i.imgur.com/reeWMxR.png). + +Since I don't have time to login and watch my algo all day, I have it setup to send e-mail notification whenever it buys and sells. [Here's an example from today \(edited to remove certain details\)](https://i.imgur.com/j4KAVFt.png). + +I plan to continue to run it for 1 more year with the current capital. If it continues to show a positive result then I will increase the capital. If not, I will likely give up and admit I suck at algo trading. +https://mobile.reuters.com/article/amp/idUSKBN25O25C + + + +> NEW YORK (Reuters) - Herbalife Nutrition Ltd will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday. + +>The multi-level marketing company, whose products include dietary supplements, entered a three-year deferred prosecution agreement in which it admitted to conspiring to violate the books and records provision of the Foreign Corrupt Practices Act, an anti-bribery law. + +>Authorities said Herbalife schemed from 2007 to 2016 to bribe Chinese officials with cash, entertainment, meals and travel to obtain direct selling licenses, reduce government scrutiny and suppress negative coverage by state-controlled media. + +>China accounted for 19% of Herbalife’s $4.49 billion of net sales in 2016, up from 7% in 2006, regulatory filings show. + +Bill is about to be all up on CNBC yelling I told you so. +[Jon Stewart has a podcast (and a show on Apple+) and he’s been getting into the economy- The Problem With Jon Stewart](https://imgur.com/a/nHxU1BG) + +Remember when everyone was talking about getting Jon Stewart’s attention onto GME? + +>“We also have a hotline! Call in and ask us a question before we regret this idea entirely. The number is  +1-212-634-7222.” + +Oh man, if you only knew… + + + +Jon Stewart and JPMorgan Chase CEO, Jamie Dimon debate over the economy and how much it favors corporations over the investor class: + +[Jon talks with Jamie Dimon, CEO of JPMorgan Chase](https://podcasts.apple.com/us/podcast/the-problem-with-jon-stewart/id1583132133?i=1000539242857) + +(Dimon is real condescending. Shocker.) + + + +Since Dimon pretty much claimed that Jon was too uninformed and simple to properly understand the economy throughout the interview, Stewart did a follow up with former Federal reserve economist Claudia Sahm: + +[The Problem With Our Not-At-All Free Market](https://podcasts.apple.com/us/podcast/the-problem-with-jon-stewart/id1583132133?i=1000539959228) + +(She seems nice and wicked smart. Maybe I’m biased ¯\_(ツ)_/¯) + + + + +So, what do we think? Should we let Stewart know what he and the rest of the world are missing? + +Edit (even though it’s probably too late): after giving it some thought, I think what we need to do is tie our current scenario to what they did in 2008. Hook it back to that catastrophe and tell Beefstew that they are doing it all again (🌎👨‍🚀🔫👩‍🚀). +TL:DRS + +Behaviour rewarded is behaviour repeated, if you take away the reward you take away the repeated action, this is why they will push to remove purple circle posts. + +The current wave of posts about "dropping quality" are highly suspect and frankly bullshit, they are talking about the subs hitting numbers we have not seen since the first few months, meanwhile we have been steady at 15-25k users daily. + +Then even while I agree we need more, the shit ton of posts about "knights of new" this message I have been trying to spread for months all the sudden takes off after I would be downvoted for it before is highly suspect. + +Now we are starting to see the wave of "Purple circle spam" a highly hated topic that yet still somehow blasted past new and the OP getting downvoted in mass in the comments but lots of awards and upvotes. + +The purple circle spam message will only get more intense and they will start crying for it to be banned or pushed to a single day. +Hi UKPF :) + +A lot of my friends are anti marriage and cite the possibility of losing half their assets as the reason. Frankly, they're pessimists and suffer greatly from the dunning kreuger effect. + +I'm trying to understand and learn more about the advantages of marriage from a financial perspective (out of curiosity as I'm single and probably many years off marrying someone if at all). + +I guess upon your spouse dying you'd inherit their estate by default, but what else do you gain from being married? + +Thanks! +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | | [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Just noticed this on another sub, but there is a correlation between a Philadelphia-based baseball team winning the World Series and economic downturn. + +1929 - Athletics won World Series +1980 - Phillies won the World Series +2008 - Phillies won the World Series +2022 - Phillies make the playoffs + +✅ Phillies beat the Cardinals in the Wild Card +✅ Phillies beat the Braves in the NLDS +✅ Phillies beat the Padres in the NLCS +🎉 Phillies are going to the World Series! + +Important to remember that correlation doesn't equal causation but I thought this was funny. +I am a complete nerd when it comes to finances, and programming. Since I couldn't find a simulator to answer the title question, I decided to seek out answering it myself using Shiller's data. The idea is one that is obvious at face value but one that I think a lot of people can't quite wrap their minds around... that is, the market ebb and flow directly impacts our FIRE plans much more than we think. To use an analogy, if you're putting a boat into the ocean... running out when the water is receding can get you there much faster/smoother than deciding to run into the water as it's peaking on the shore and dealing with a shallow launch. The ocean is easy to anticipate in these situations, however the markets we watch... not so much. Getting out of the market when we're in a recession is ideal... though usually the opposite happens and we bail after a bull, just in time for the market to recede. + +I wrote this a couple years ago and will update the numbers to include that last two years if people are interested... I can also make the salaries and savings rates a bit more aggressive (30%, 40%, 50%) to match what many in the FIRE community are working towards. Let me know your thoughts. It's all just variables in the program, easy to adjust :) + +=== + +I came up with this first pass simplistic model, to outline what a difference a decade can make in when you started your working career. I'm fascinated by this, although it doesn't come as any surprise that getting horrible returns (or a recession) just before retirement would be a bad thing, it is still interesting to think that our ability (or rather the ease at which we get there) to create financial freedom from the market also depends on factors outside of our control. + + +Modeling Wealth Accumulation: + + +In this example I decided to explore what happens when a person consistently saves over their career. For this one I decided to make this accumulation phase 40 years (which could roughly correlate to someone starting to work at 22 and retiring at 62). I could tweak these numbers (and will in future models) but decided to just keep it simple for this first pass. So in this example we will assume the following: + + +* Starting Salary (in 2016 dollars) $30,000; individual saves 15% of salary every year for 40 years + +* Annual salary raises of inflation + 1.25% (which would bring the persons salary to $48,699 at the age of 62, in 2016 dollars) + +* (CPI) numbers are used in order to factor out inflation - or bring all examples to 2016 dollars. This allows us to compare market conditions in 1880s (using 2016 dollars) based on the above assumptions, to get apples to apples comparison of performance. Basically, we're not looking at the actual growth of your money in real value, but rather the growth minus inflation... or what your buying power would increase to. (It does no good to say today... yay I'll have $1,000,000 in retirement in 2050... if things cost twice as much in 2050 as they do today, then it's be better to think of that as you'll actually only have $500,000 in 2016 dollars once you reached 2050. + + +**Results:** + +Over a career of 40 years with an initial salary of $30,000 (2016 dollars) and a 1.25% raise each year, setting aside 15% of your salary towards retirement... you would have set aside a total of $231,703 (2016 dollars) into your retirement account. The worst year to have started working would have been 1881, because a combination of inflation an lackluster market conditions in 1915-1920 would conspire to inhibit your retirement account as it reached the finish line. Despite 40 years of compounding and growth, you'd end up with just $370,769 in 2016 dollars (knowing what we know about the great depression... you'd likely experience a roller coaster in retirement as you'd see your account skyrocket in the 20's only to CRASH hard in 1929). It's no wonder my great grandfathers generation was so conservative when it came to investing. Their parents lived this, and they grew up in that environment. + + +The best year to have started your career would have been 1926, makes sense that starting your accumulation phase just as the depression hit would award you a starting point of buying equities on extreme sale. This is why people shouldn't run from recession markets but rather embrace them for the discount that they are. Strong market conditions in the late 60's led this person to a final figure of $2,110,297 + + +Another interesting point is just how big a difference a few years can make... based on when you started accumulating. Someone who started working in 1968 would have seen their retirement account grow to $1,228,427 by 1998... but someone starting just two years later would have ended up with $692,122 because the last year before retirement they would have been hit by the dot com bust. + + +That's an anomaly, the median result of that kind of accumulation period is to end up somewhere in the $900K-$1.1M range. About half of all results fell in that range. But there were periods of time where the market continuously was above it... example starting your career between 1912 and 1934 always left you with above $1.1 million... and a median return around $1.7 million, with four of the cycles ending with above $2 million. + + +This brings me to an important point about this model... it's not all that ideal because people tend to move towards more conservative investments (introducing bonds) as they get closer to retirement. I'm going to track down the inflation adjusted bond return numbers and create an Asset Allocation situation for my next model that will follow this framework but have someone shift slowly towards more conservative investments in the later years of their accumulation phase. Also, what ends up happening is that people who don't quite have enough just work a few years longer... so the strict 40 years isn't all that realistic... but still helps to hammer down the point that even if you're diligent with savings, the market factors still dictate a bit of when you can actually pull the plug on working. + + +What might be more meaningful is to look at how many years (from each start date) it takes to accumulate say $1.5M by saving 15% of your salary every year (using the above figures 15% savings of a $30K salary that grew to $48,699 over your career -- all figures adjusted for inflation to be in today's dollars). + + +Here are the results... +YEAR STARTED: 1871 bank passes $1.5M after 53 years +YEAR STARTED: 1872 bank passes $1.5M after 52 years +YEAR STARTED: 1873 bank passes $1.5M after 51 years +YEAR STARTED: 1874 bank passes $1.5M after 51 years +YEAR STARTED: 1875 bank passes $1.5M after 50 years +YEAR STARTED: 1876 bank passes $1.5M after 49 years +YEAR STARTED: 1877 bank passes $1.5M after 49 years +YEAR STARTED: 1878 bank passes $1.5M after 49 years +YEAR STARTED: 1879 bank passes $1.5M after 48 years +YEAR STARTED: 1880 bank passes $1.5M after 47 years +YEAR STARTED: 1881 bank passes $1.5M after 46 years +YEAR STARTED: 1882 bank passes $1.5M after 45 years +YEAR STARTED: 1883 bank passes $1.5M after 45 years +YEAR STARTED: 1884 bank passes $1.5M after 44 years +YEAR STARTED: 1885 bank passes $1.5M after 43 years +YEAR STARTED: 1886 bank passes $1.5M after 42 years +YEAR STARTED: 1887 bank passes $1.5M after 41 years +YEAR STARTED: 1888 bank passes $1.5M after 40 years +YEAR STARTED: 1889 bank passes $1.5M after 46 years +YEAR STARTED: 1890 bank passes $1.5M after 46 years +YEAR STARTED: 1891 bank passes $1.5M after 45 years +YEAR STARTED: 1892 bank passes $1.5M after 44 years +YEAR STARTED: 1893 bank passes $1.5M after 43 years +YEAR STARTED: 1894 bank passes $1.5M after 50 years +YEAR STARTED: 1895 bank passes $1.5M after 50 years +YEAR STARTED: 1896 bank passes $1.5M after 49 years +YEAR STARTED: 1897 bank passes $1.5M after 48 years +YEAR STARTED: 1898 bank passes $1.5M after 47 years +YEAR STARTED: 1899 bank passes $1.5M after 46 years +YEAR STARTED: 1900 bank passes $1.5M after 50 years +YEAR STARTED: 1901 bank passes $1.5M after 49 years +YEAR STARTED: 1902 bank passes $1.5M after 48 years +YEAR STARTED: 1903 bank passes $1.5M after 48 years +YEAR STARTED: 1904 bank passes $1.5M after 47 years +YEAR STARTED: 1905 bank passes $1.5M after 46 years +YEAR STARTED: 1906 bank passes $1.5M after 46 years +YEAR STARTED: 1907 bank passes $1.5M after 45 years +YEAR STARTED: 1908 bank passes $1.5M after 44 years +YEAR STARTED: 1909 bank passes $1.5M after 45 years +YEAR STARTED: 1910 bank passes $1.5M after 44 years +YEAR STARTED: 1911 bank passes $1.5M after 43 years +YEAR STARTED: 1912 bank passes $1.5M after 42 years +YEAR STARTED: 1913 bank passes $1.5M after 41 years +YEAR STARTED: 1914 bank passes $1.5M after 40 years +YEAR STARTED: 1915 bank passes $1.5M after 39 years +YEAR STARTED: 1916 bank passes $1.5M after 38 years +YEAR STARTED: 1917 bank passes $1.5M after 38 years +YEAR STARTED: 1918 bank passes $1.5M after 37 years +YEAR STARTED: 1919 bank passes $1.5M after 36 years +YEAR STARTED: 1920 bank passes $1.5M after 36 years +YEAR STARTED: 1921 bank passes $1.5M after 37 years +YEAR STARTED: 1922 bank passes $1.5M after 36 years +YEAR STARTED: 1923 bank passes $1.5M after 37 years +YEAR STARTED: 1924 bank passes $1.5M after 37 years +YEAR STARTED: 1925 bank passes $1.5M after 36 years +YEAR STARTED: 1926 bank passes $1.5M after 37 years +YEAR STARTED: 1927 bank passes $1.5M after 36 years +YEAR STARTED: 1928 bank passes $1.5M after 36 years +YEAR STARTED: 1929 bank passes $1.5M after 35 years +YEAR STARTED: 1930 bank passes $1.5M after 34 years +YEAR STARTED: 1931 bank passes $1.5M after 34 years +YEAR STARTED: 1932 bank passes $1.5M after 36 years +YEAR STARTED: 1933 bank passes $1.5M after 39 years +YEAR STARTED: 1934 bank passes $1.5M after 49 years +YEAR STARTED: 1935 bank passes $1.5M after 49 years +YEAR STARTED: 1936 bank passes $1.5M after 49 years +YEAR STARTED: 1937 bank passes $1.5M after 48 years +YEAR STARTED: 1938 bank passes $1.5M after 47 years +YEAR STARTED: 1939 bank passes $1.5M after 47 years +YEAR STARTED: 1940 bank passes $1.5M after 46 years +YEAR STARTED: 1941 bank passes $1.5M after 45 years +YEAR STARTED: 1942 bank passes $1.5M after 44 years +YEAR STARTED: 1943 bank passes $1.5M after 46 years +YEAR STARTED: 1944 bank passes $1.5M after 45 years +YEAR STARTED: 1945 bank passes $1.5M after 46 years +YEAR STARTED: 1946 bank passes $1.5M after 45 years +YEAR STARTED: 1947 bank passes $1.5M after 45 years +YEAR STARTED: 1948 bank passes $1.5M after 45 years +YEAR STARTED: 1949 bank passes $1.5M after 46 years +YEAR STARTED: 1950 bank passes $1.5M after 45 years +YEAR STARTED: 1951 bank passes $1.5M after 45 years +YEAR STARTED: 1952 bank passes $1.5M after 44 years +YEAR STARTED: 1953 bank passes $1.5M after 43 years +YEAR STARTED: 1954 bank passes $1.5M after 43 years +YEAR STARTED: 1955 bank passes $1.5M after 42 years +YEAR STARTED: 1956 bank passes $1.5M after 41 years +YEAR STARTED: 1957 bank passes $1.5M after 41 years +YEAR STARTED: 1958 bank passes $1.5M after 40 years +YEAR STARTED: 1959 bank passes $1.5M after 39 years +YEAR STARTED: 1960 bank passes $1.5M after 38 years +YEAR STARTED: 1961 bank passes $1.5M after 38 years +YEAR STARTED: 1962 bank passes $1.5M after 37 years +YEAR STARTED: 1963 bank passes $1.5M after 36 years +YEAR STARTED: 1964 bank passes $1.5M after 48 years +YEAR STARTED: 1965 bank passes $1.5M after 48 years +YEAR STARTED: 1966 bank passes $1.5M after 47 years +YEAR STARTED: 1967 bank passes $1.5M after 46 years +YEAR STARTED: 1968 bank passes $1.5M after 45 years +YEAR STARTED: 1969 bank passes $1.5M after 44 years +YEAR STARTED: 1970 bank passes $1.5M after 44 years +YEAR STARTED: 1971 bank passes $1.5M after 43 years + + +What I found particularly remarkable about these results is that someone who started working in 1931 setting aside 15% of their modest pay reached $1.5M in just 34 years... while someone who started just 3 years later in 1934 had to work an extra 15 years longer to achieve the same level of financial security. A combination of inflation in the 70's and a 50% surge in the market in 1933 that got the compounding started early, created this disparity.\* + +&#x200B; + +As I mentioned above, I'm open to suggestions on how to change the variables to get a more meaningful study of the market as it would fit the FIRE community. My guess is that a larger savings rate and shorter period of accumulation smooths these figures off a bit, however the actual year you start to save will still have a significant say in how market compounding impacts your FIRE timeline. +Russia is set to default on 100,000,000 in US bond payments today. 30 days ago they tried to pay the bond in Russian rubbles but the treasury wouldn’t accept the payment. This triggered the 30 day grace period. Today Russia will try again to pay in Russian rubble and it will again be declined. MSM tomorrow will headline “Russia has officially defaulted”! There will be pain on Monday, maybe even margin calls. + +Moon tomorrow, buy hold drs + + +Edit: To those claiming “trust me bro”. Here’s a Article. Also missing one payment of $100m then puts Russia in default of all debts, $40b total in offshore bonds(euro+US). THIS IS BIG + +https://www.bloomberg.com/news/articles/2022-06-26/russia-is-hours-away-from-its-first-foreign-default-in-a-century +Hello folks, + +I am seeking some guidance on building an inheritance for my Son (10 years now) who has ADHD and Cognitive challenges. He's physically functional and can manage his basic routine, very vocal and social 😊.  While we are working on channelising his strengths, there is high chance that He won't be able to do mainstream jobs and would need financial and personal assistance.   + + +I want to understand  + +1. How much money is sufficient to maintain his good lifestyle?  + +2. What are the ways to safeguard the wealth after us (legal, trust, financial gaurdian)? Does it make sense to split wealth in two pots, one for son and another for family's FIRE goals?  + +3. Any other advice would be helpful 🙏 + + +From standard FIRE definition we are well above that bar, but every family has its own variable parameters.  We might not be saving big chunk for son's education, but for his lifelong source of income. + +I think our asset details will set some ground for guidance.  + +Me and my wife both recently started working in FAANG companies (at L7/8 roles) and were fortunate to join startup, few years before it's acquisition. So made a small fortune from it ( aprox 1mn USD). Total   $1.5Mn is invested in debt & equity. Another $1.5 million worth of ESOPs (decent chance to liquidate in next 2-3 yrs). Only fixed asset is our apartment in upscale society (worth $500k)  + + +Both of us are from middle class background so keeping our lifestyle and desires in control is not a big concern.  + +We are risk takers, have entrepreneurial mindset and start something of our own at some point. Only motivation to keep working in corporate world is to achieve wealth goals to support our Son. + + +Thank You in advance for any guidance 🙏 +Wasn't aware of this group's distinction from leanfire, so I'll reach out here. + +I'm 38 and work a regular lower-middle level management job in the office. I have been living progressively more frugally over the years as my income increased: I wonder if this is a common experience for others? Maybe it's also because I've picked up things when I worked in my previous employer's finance department at one time, during which time I had access to payroll data and observed there was an inverse relationship between earnings and spending (at least on material things owned and displayed) for many high earners. + +I started contemplating early retirement a year and a half ago and have been tracking my every day spending down to the cent since then. I had spent three years at a company with a horrible culture and sunk into depression every night when I returned home. It took me three years to leave because I had given up a lot to join that company at the time, and upon joining was given a large block of equity grant that vested equally in annual installments over six years: by the time I resigned, I still left half of the money on the table in the low seven figures USD (but really, my health was more important at that time). Nonetheless, I was still afraid of retiring (the what if's if you left the workforce / economy...), so I took an offer at a company with a very strong reputation, despite taking almost a 50% paycut. + +So here's where I stand, and I still continue to struggle with the thought of wanting to retire from time to time. + +All figures are in USD. + +Debt: $0 + +Assets: $2.5MM (5% in an investment property generating 2% annuity, 15% in stocks, 80% in cash and retirement accounts since sold most of my stocks in March... yes missed a lot of the current irrational rally but bought peace of mind); other than the investment property (a parking space) aforementioned, I have no real estate, no vehicles, no other "hard" property. + +Annual income: $460K pre-tax (85% in cash and annual bonus; 15% in long-term incentive) + +Regular monthly expenses (very stable over time): roughly $3,200 per month + +* Public transportation: $30 +* Groceries: $110 +* Dining out: $80 +* Medical: $20 +* Gym membership: $40 +* Misc. (apparel, shoes, kitchen, small appliances, plants, etc.): $160 +* Travel: $600 (pre-COVID, I'd spent about $1800 per quarter in travel) +* Rent and utilities: $2,150 (I'll be downsizing this summer moving to a much smaller apartment and this is expected to go down to $1,000) + +Extraordinary expenses: $10K for one-time pet medical expenses + +Is this lean enough? What advice would you give me? Honestly, I have seen quite bit at the workplace, don't have a taste for the rat race and have had highs and lows in my career. But it is also these experiences that make it hard to just call it quits: you see so many incompetent people "make it" and you'd think, I, too can have that. Then there's the pressure of how a potential mate would view your career success. I'm starting to ramble so I'll stop. : / +Uber IPO'd 1 year ago for $42 a share raising $8.1bn with an initial market cap of $70bn. Today the stock trades at $34 and has a market cap of $62bn. It is trading at a 72x it's 2-year forward P/E ratio. The notion that Uber will be profitable in 2022 at $.48 / share by developing a brand new business line or being first to market with self-driving cars is utterly fanciful. + +Uber's growth stalled even before the Coronavirus. Uber's revenue grew 100% from 2016 to 2017. Investors were going wild and Uber was taking over the world. Uber bought Otto, a self-driving trucking company that stole data from Google to found the company. In 2017, after many lawsuits, it forgot Otto existed and focused on self-driving cars. Over the past month, Uber laid off 6,700 employees, or 30% of their staff, and shuddered dozens of offices throughout the world to achieve savings of $1bn. Achieving profitability by cost savings is impossible for a business that can only achieve profitability through massive scale. A 30% workforce reduction shows that today they have absolutely no plan to develop new technology or business lines that can move them in the direction of profitability. It basically removes any hope of developing a new future for Uber. Uber will not come out with AWS, buy supermarket to deliver food, nor have the luxury to burn $4bn per year on self-driving cars (Waymo). + +As of its last filing, which only had a couple weeks worth of Coronavirus fear, Uber grew just 14.3%. Uber ridership growth is slowing dramatically. Furthermore, the lasting impact of the Coronavirus and an increased acceptance of work from home may forever halt Uber's growth. Uber themselves admit rides will never be profitable until there are self-driving cars. If you just watched the Tesla 3 crash straight into an overturned big rig, we're not going to get there in the next few years. Certainly not by 2022. In the mean time, Uber will continue to burn $10bn a year just to stay relevant. Er, maybe $9bn if you believe their recent cost-cutting measures will be effective. + +You may think Uber Eats is the next big thing, but remember they lose $3.36 on every order and they don't expect profitability until 2024. Also, operations behind Eats are much more complex. A self driving car cannot deliver food. Maybe they'll figure that out, but not any time soon. Growth, while high is slowing. And remember more growth means more lost money. + +Could Uber Be the Next Amazon? +Fuck no. Uber is not the next Amazon. While Amazon chose to not take any profits and reinvest in their business, it was still a choice. Uber has no magic switch to make money and their business revolves around increasing mobility, not cost cutting and decreased commuting from office workers. Uber's 'Other Bets' account for a paltry $30mm in revenue. Google gets to use 'Other Bets' as a line item. Not Uber. But how are they supposed to grow 'Other Bets' R&D if they have no business line that makes money? Amazon has always had a profitable ecommerce business. Google has search, Apple makes the highest quality hardware in the world and Microsoft is a combination of Google and Apple (and other stuff that always seems to make money). I see no bright spot in Uber's future that will allow them to achieve even half of their current valuation. + +Uber Has a Serious Cash Problem. +$9bn might seem like a lot of money for a company with a $62bn market cap, but somehow, it's actually a scary number. Over the last 12 months Uber burned through $10bn in cash, funded by high yield debt. Furthermore, Uber has basically zero tangible assets they can use to secure debt. They only have their brand and driver relationships, which are about as toxic as their $900mm in debt coming due in 2025, with a yield of 7.5%. Imagine if your mortgage had a 7.5% rate. + +Uber's Q2 numbers coming out in August are going to be downright scary. Banks are already loading up on high yield notes at the behest of the government. Why would they add Uber to their portfolio of UEDs? + +The fact Uber even considered investing in Flying Taxis puts them in the same mental facility as Adam Neumann. The world looked great in 2018 and 2019. Today is different. We won't have flying taxis anytime soon, I think people would rather increase remote work and live in more affordable areas further from city centers. Taking a flying taxi into work right now is a fantasy we do not need. I just want to have a drink at a bar... + +All that said, I don't think Uber will go bankrupt. In all likelihood, they will merge with Grubhub, achieve some scale in food delivery, and centralize their ride-share programs to large cities with increased pricing at a dramatically lower scale. Business trips will be fewer and Zoom meetings will be more common. + +Today I'm buying a few put options expiring on December 18th. That's plenty of time for there to be bad news about earnings and for earnings to be released. I'd like to see Uber do well in the long-term and I don't hate the company. I think they're important to the economy and they take the kind of risks we need to push innovation forward. I just don't like the current valuation. +Its happening, and way faster than anyone called. Interest rates are the major determining factor for property prices, and they've barely gone up yet. Look out for -15-20% in Sydney/Melbourne by December as rates rise. I'd call it at already being about -5% since peak. + +[https://www.afr.com/property/residential/clearance-rates-fall-as-confidence-crumbles-20220603-p5aqxc](https://www.afr.com/property/residential/clearance-rates-fall-as-confidence-crumbles-20220603-p5aqxc) + +PS migration will have negligible impact on prices. There's no evidence that migration has restarted yet. + +And don't forget to remind every agent just how quiet the market is! +Hey guys and gals, + +Long time fundamental value investor that prior to last month has never bought or sold an option. We’re taught that with patience and conviction, the best strategy is to find value and hold. This has been my strategy for many years and I’ve built a low 7 figure balance portfolio with patience. I do my research and know companies in and out before investing. + +The problem is that patience really is a virtue. It’s frustrating waiting for the market to see the value that I see. For some reason, I’ve always looked down on ‘day traders’ who speculate and trade options. I always thought that it should be left to the sophisticated and retail should stay out. Little did I know that a well constructed portfolio with options trading can actually simultaneously derisk AND increase returns. Had I known about the Theta Gang many years ago, I’m confident that I would have a portfolio many times larger than today. + +I’m writing to pick all of your collective brains on lessons learned, mistakes made, prudent risk management practices and the like. With anything, the key is the start small, optimize, rethink, learn and redeploy. My thoughts are below: + +**Stock targets** + +* High IV +* High growth names that are unprofitable in the short term +* Miniscule or non-existent insolvency risk. Need to have strong liquidity and minimal debt +* Take advantage of wall street myopic Q/Q or YTD performance evaluations. +* Take a long term 5-10 year view. Do not employ strategy on stocks I don't like + +**CSP for entry** + +* CSP ATM in names that I want to hold. Weekly 5 DTE’s. Minimum yield, but I actually want to get assigned. +* If I don’t get assigned, rinse and repeat for next week. +* Be disciplined in the entry point. If you keep collecting premium and don’t get assigned, don’t chase at a higher strike next week if your cost basis is above where you want to hold. This stresses the importance of fundamentals in determining the intrinsic value of the stock + +**Risks:** + +* Stock rips and I miss out on gains. Could have just bought at market if I thought it was crazy undervalued. +* Shares tank and I get assigned. My cost basis could be well above what the market is trading at now. +* In general I think selling the CSP’s are the easiest part of this. Don’t need to monitor your portfolio at all on this end of the trade if you have the conviction to hold long term. Again, emphasis on fundamentals and 5-10 year view + +**Question:** + +\-What DTE CSP’s do you folks usually sell? There’s obviously an opportunity cost here. Sell a longer DTE and capture more yield. CSP’s are pretty capital intensive so you can increase yield going a longer DTE. However, my goal is to get assigned. + +**CC’s for capturing premium** + +This is the tricky part and requires the most monitoring. In general as long as you sell a CC above your cost basis, you’re winning, but my goal is to protect my shares. This is where I could use all of your advice on risk management practices. + +* Sell 5/30/60 DTE OTM CC’s depending on various factors +* Keep 3x CC premium in cash to Buy to Close CC’s if they start to rip. Figuring out exactly at what loss you buy these back is the science. Keeping my shares is the goal. +* Be super careful of upcoming catalysts and CC’s around these dates. Always back test to my LT price target. Sell longer DTE CC’s when IV is elevated and market price is hovering at short term price target levels. +* Understand P/S or P/E or EV/EBIT multiple trading ranges for the stock. When it’s ripping close to its upper threshold, sell closer to ATM. + * If on the lower end of the trading band, sell farther OTM CC’s. + +Risks: + +* Super volatility. I buy back CC’s at a loss and then stock plummets back down. +* Assignment. I lose my shares which are now worth much more than the strike I sold. +* Longer dated DTE’s lock up the shares. Miss the opportunity to compound premium on worthless CCs sold that have expired on a shorter DTE. +* This strategy is easier in a moderate bull or bear market. Also absolute return in a crazy bull market (although caps upside). The real challenge is selling CC's in a crazy bear market where your cost basis is above the market. This is where the risk management science comes in. + +Questions: + +* How actively do each of you manage the portfolio? I think weeks that I’m super busy at work, and no time to monitor, I’d sell longer dated CC’s further OTM. Can’t keep checking portfolio every second. Weeks that I’m slower, I can sell closed ATM tooptimize yield. +* How technically astute do I need to be to do this? I’ve never read a chart, looked at VWAP, RSI, MACD etc. Do you make sure you know of resistance before selling CC’s? What metrics do you think are essential to understand? +* What software do you recommend if super technical? Remember, I’m a recovering value investor that has never bothered looking at a chart. +* I need to study the greeks intimately. Any recommended reading / courses you've found helpful? + +Excited to join the Theta gang. I feel like this is going to change my life. I feel like a kid in a candy store looking at IV on under valued companies. This strategy gives an investor a huge incentive to diversify because you want to hold a large inventory of shares when earnings season comes around for each of them. + +Looking forward to getting your thoughts and contributing to the community. + +&#x200B; + +EDIT: Thank you all for the helpful advice. Will definitely check out tasty trade and appreciate the helpful comments so far + +For clarity on my comments wrt retail investors -- I think retail has an inherent advantage over wall start given a long term focus AND a much smaller book. It's way easier to earn a return of 30% on a 5m portfolio vs 20 bn. We have access to trades that HF's don't because we won't move the market nor no cap is too small for us. Father Time is on our side. +Some people claim that the market is rational, even in short periods of time. That everything is correctly priced all of the time. + +Warren Buffett claims that the market is extremely irrational over short periods of time. + +For those that think the market is rational all the time - please explain why PayPal is down 26% in 1 day, just because it missed EPS by $0.01? +Did the value of the company magically changed overnight? + +P.S: please don't buy PayPal, it is still highly overvalued. +I know small caps are typically risky but I’ve started developing a google sheet that tracks small caps in each sector/industry (based on price, cash per share, P/E, Short Float, etc) and noticed a lot have strong balance sheets, little to no debt and quarterly improvements in operating income. What are things you look for when investing in a company? +Most of us are probably familiar with Charlie Munger, Warren Buffett’s business partner and a legendary investor in his own right. + +Unfortunately, there’s surprisingly little content oriented around Charlie available online. And a lot of it that’s out there is somewhat hard to find. + +I have all these links saved in my notes and I thought some of you would find it helpful, so here’s a list of some of the best content and resources about Charlie Munger that I’ve come across. Please share more if you have any! + +**The Comprehensive Charlie Munger PDF** + +* I have no idea who made this, but credit to whoever did: [Here](https://drive.google.com/file/d/0BxTPR9eP5nWeeXd6X3hjMy1pZDg/view?resourcekey=0-sntz0S-p35zMkhf0pD8M-Q) is a 1000+ page pdf with basically everything Charlie has ever written, including his investor letters, speeches, articles, and more. + +**CharlieMungerQuotes/CMQ** + +The account [CharlieMungerQuotes](https://www.instagram.com/charliemungerquotes/) on Instagram has 80,000 followers and is the most active community of Munger fans I’ve found online. It features 500+ of Charlie’s best quotes as well as a number of short videos. + +The guy who runs the account is super knowledgeable about Charlie and hosts the [CMQ Investing podcast](https://open.spotify.com/show/2AcQYxWXBXCsMBg4s0gkTm?si=3136aafecb084f3a), a great investing podcast with a number of episodes about Munger and Buffett. It’s also some of the best investing content I’ve come across online, in general. Some of my favorite Charlie-focused episodes are: + +* [The 4 Pillars of Charlie Munger’s Investment Strategy](https://open.spotify.com/episode/6CXQKVJQyDHq69DmkrzPy0?si=424b94ae73e24cc0) +* [Charlie Munger & the Mathematical Advantages of Doing Nothing](https://open.spotify.com/episode/5v15EOuHdw5DDc06DLwTwW?si=88649bc305ae410b) +* [How to Buy the Dip Like Charlie Munger (& Why He Doubled Down on Alibaba Stock)](https://open.spotify.com/episode/2nRlSl9otsxTlF2QEgguv9?si=a352c92f77ec4097) + +CMQ also has a [newsletter](https://cmqinvesting.substack.com/) with articles including: + +* [Charlie Munger's Book Recommendation List](https://cmqinvesting.substack.com/p/charlie-mungers-book-recommendation?s=w) +* [The Charlie Munger Guide To Continuous Learning](https://cmqinvesting.substack.com/p/charlie-munger-learning-guide) +* [The Charlie Munger Guide To Lollapalooza Effects](https://cmqinvesting.substack.com/p/the-charlie-munger-guide-to-lollapalooza?s=w) + +**Farnam Street** + +Shane Parrish’s blog about decision-making [Farnam Street](https://fs.blog/) has a number of solid articles: + +* [Charlie Munger on Getting Rich, Wisdom, Focus, Fake Knowledge and More](https://fs.blog/charlie-munger-wisdom/) +* [Charlie Munger and the Pursuit of Worldly Wisdom](https://fs.blog/munger-worldly-wisdom/) +* [Worldly-Wisdom from Charlie Munger](https://fs.blog/worldly-wisdom-from-charlie-munger/) + +**Speech Transcriptions** + +Transcriptions are available for a number of Charlie’s speeches, which are the best sources for his wisdom on psychology and life: + +* [How to Guarantee a Life of Misery](https://jamesclear.com/great-speeches/how-to-guarantee-a-life-of-misery-by-charlie-munger) +* [The Psychology of Human Misjudgment](https://fs.blog/great-talks/psychology-human-misjudgment/) (this is an absolute must-read) +* [A Lesson on Elementary, Worldly Wisdom As It Relates to Investment Management & Business](http://csinvesting.org/wp-content/uploads/2014/05/Worldly-Wisdom-by-Munger.pdf) + +**Charlie Munger Almanack Facebook Group** + +* [Charlie Munger Almanack](https://www.facebook.com/groups/754138784714366/) is the most active and least spammy Facebook group for Charlie fans. Quality discussion here. + +**YouTube Channels** + +* [YAPPS](https://www.youtube.com/watch?v=wO5SC9iPnBo&list=PLyeG_Tr8eXZmN2pp1LVVd3EawBfNwprC3) is a YouTube channel that shares short video clips of legendary investors including Charlie. Features 200+ videos of Charlie discussing a wide range of topics. +* [The Financial Review](https://www.youtube.com/channel/UCugcMvBKL2diRs87esCjsRw/videos) posts similar content to YAPPS. +* [CMQ Investing](https://www.youtube.com/watch?v=vUQZmhIW8Q4&t=85s), again. + +**Books** + +Not online, obviously, but I’d be remiss not to mention these great books: + +* [Poor Charlie’s Almanack](https://www.amazon.com/Poor-Charlies-Almanack-Charles-Expanded/dp/1578645018) is the obvious one to list here, and it’s great, but it’s so big that it makes it a bit difficult to actually. I recommend purchasing a hard copy for the coffee table and then finding a link to the .pdf online. +* [Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger](https://www.amazon.com/Damn-Right-Berkshire-Hathaway-Billionaire/dp/0471446912) by Janet Lowe. A fantastic biography of Charlie with a very strange title +* [Seeking Wisdom: from Darwin to Munger](https://www.amazon.com/Seeking-Wisdom-Darwin-Munger-3rd/dp/1578644283) by Peter Bevellin. I heard about this from one of the CMQ episodes above (don’t remember exactly which one) and it’s one of the best books I’ve ever read. Not exclusively dedicated to Charlie, but very much in line with his thinking. Worth the price. +* [Charlie Munger: The Complete Investor](https://www.amazon.com/Charlie-Munger-Complete-Investor-Publishing-ebook/dp/B010EB3EUM) by Tren Griffin is good for a condensed overview of Charlie’s investment style, particularly if you’re less interested in Charlie’s opinions on non-investing related subjects (lol). + +**Twitter accounts** + +The Twitter accounts [Charlie Munger Fans](https://twitter.com/CharlieMunger00?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) and [Charlie Munger Quotes and Wisdoms](https://twitter.com/PoorCharlieBot) are good for every-day reminders of Charlie's wisdom. +As the Fed begins their perilous journey into Quantitative Tightening, markets are going awry. With the disconnection of the liquidity hose and the return of rising interest rates, [**Strange Things**](https://imgur.com/a/WKjyHZQ) are going on in assets, currencies, and the largest market of all, bonds. We are quickly being led into a place few have ever visited, and fewer have returned from alive… + +&#x200B; + +https://preview.redd.it/7eumoto7khl91.png?width=1238&format=png&auto=webp&s=4fe46b8d019a22ec7084704935b5293195b90fc6 + +—---------------------- + +&#x200B; + +In the world of economics, there are two general factors that affect prices broadly: supply and demand. Since the Fed cannot increase the supply of commodities in any meaningful way, the only way they can broadly effect prices downwards is demand-side, meaning to fight inflation they must “destroy” demand by making it prohibitively expensive to borrow, crushing equity markets, and eliminating the much vaunted “wealth effect” that they claim rescued the US economy from the depths of 2008. + +**The problem is, this will certainly cause a recession (actually it already has,** [**Q1 GDP printed -1.6%**](https://www.bea.gov/data/gdp/gross-domestic-product)**, and** [**Q2 came in at -0.9%**](https://www.bea.gov/data/gdp/gross-domestic-product)**).** Normally, a recession is in many ways a good thing; leveraged businesses and unhealthy enterprises are cleaned out of the system, temporary pain is inflicted on the economy, but this lays the groundwork for new firms to rise out of the ashes. + +However, in an economy as indebted as ours, a slight increase in interest rates can mean catastrophic increases in interest expenses in the financial system- especially for over indebted companies, right as their net margins are squeezed by inflation. + +The Fed is currently intent on fighting record inflation by crushing bondholders, including holders of US Treasuries and Corporate Debt. This will have disastrous implications for the American economy at large. + +Let’s take a look at the Bloomberg Aggregate Bond index (AGG): + +&#x200B; + +[AGG Index](https://preview.redd.it/o9c9a03fkhl91.png?width=1238&format=png&auto=webp&s=0f6fbe056914416244c0b3a4d4bcc750078d3be9) + +(The total return of AGG year-to-date is shown in the dark black line. The other lines show the total returns for the AGG for each of the prior 30 years.) + +Prior to 2022, the worst year was 1999, when the AGG had a total return of -5%. Its best year was 1995, when it rose 19%. **This year it is down 12%. April was the worst month ever for the bond market.** + +The Fed is on a single-minded mission to fight inflation, [according to Jim Bianco](https://www.advisorperspectives.com/articles/2022/05/07/jim-bianco-the-fed-will-crush-inflation-and-with-it-the-stock-market) (president and macro strategist at his own firm, Bianco Research, L.L.C.). To do that, it will crush stock prices and home values. + +**“We have seen nothing like this,” Bianco said. “The bond market has never been this bad in terms of total return.” He likened that decline to the S&P being down 50% to 60%.** + +There is “tremendous stress” in the bond market, he said. “There is going to be a problem,” but the bond market is too complex to say where it will eventually be. + +&#x200B; + +[$15.5 Tn Drawdown in both Equities and Fixed Income](https://preview.redd.it/9qtv4fnkkhl91.png?width=798&format=png&auto=webp&s=03b608d8b70a35d756bd27ec5f79c12af69f275b) + +“The only way to get the inflation rate down that much is to keep markets under stress,” Bianco said. **“The Fed will raise rates until inflation comes down or something breaks.”** + +**This mirrors my predictions of the Fed taper backfiring, sending us into a deep recession or depression, and QE Infinity beginning (see** [**Dollar Endgame Part 4.2**](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/)**).** + +**The Fed, unknowingly or not, has led us into a hellish dimension of their own design- the Upside Down. They will try everything to escape, causing escalating volatility in markets and worsening inflation, in a futile attempt to get out of the debt trap they created. And if they do nothing, the downturn will only get worse.** + +Bond ETFs are being taken to the woodshed. iShares’ 20 Year ETF, TLT, the most popular long term Treasury ETF, is down a whopping 24% this year alone. Vanguard’s version, VGLT, is down more than [21% this year](https://investor.vanguard.com/investment-products/etfs/profile/vglt#). All 6 core bond ETFs recommended by Morningstar are down more than 10%. + +&#x200B; + +[iShares Long Bond ETF](https://preview.redd.it/z1xj500pkhl91.png?width=1398&format=png&auto=webp&s=690c5606f1e3998d7d4c59b259339d9c34ef9382) + +This last Friday, August 26th, bond funds experienced their [biggest outflows in 8 weeks](https://www.reuters.com/markets/europe/us-bond-funds-record-biggest-weekly-outflow-eight-weeks-2022-08-26/). (Reuters) - “Investors dumped U.S. bond funds in the week to Aug 24 as they waited to hear a speech by Federal Reserve Chair Jerome Powell later on Friday which will be scrutinised for clues on the pace of forthcoming interest rate hikes. [(more context)](https://www.reuters.com/markets/us/feds-daly-50-bps-or-75-bps-sept-rate-hike-reasonable-2022-08-18/) + +According to Refinitiv Lipper data, U.S. bond funds witnessed outflows worth a net $8.81 billion, the most in a week since June 22.” + +Furthermore, Emerging Markets were hit hard as well- according to the [WSJ](https://www.wsj.com/livecoverage/stock-market-news-today-08-26-2022/card/emerging-market-relief-rally-stumbles-JPe78jZIHT2Zoku79di5), investors pulled $108 million from EM bond funds last week, on resurging concerns that the strong dollar and the Fed aggressively tightening can put emerging markets under further pressure. + +This matters because the bedrock of American financial planning is the 60/40 risk parity portfolio- 60% stocks, 40% bonds. This is the most common portfolio recommended to Baby Boomers (who hold the vast majority of US wealth), and is taught to financial advisors by firms such as Northwestern Mutual, Vanguard, Fidelity, Goldman, and many others. Most advisors will tell you this portfolio is bulletproof, it has rarely had down years, and it is a “set and forget” method to steadily build wealth passively. + +The portfolio construction is predicated on the theory that stocks and bonds are inversely correlated- when one is up, the other is flat or even slightly down- so the portfolio automatically hedges itself. In theory. + +However, what they fail to mention is that this portfolio is usually only back-tested with a 40year timeframe- when we run the calculations out further, we see that actually stocks and bonds move together more often, and less time inversely, than previously thought. For example, from 1883- 2015, stocks and bonds moved in tandem 30% of the time, and moved inversely only 11%. It is only the past few decades of quantitative easing, infinite liquidity, and zero bound interest rates that this portfolio has worked as intended. (Refer to [this research paper](https://artemiscm.docsend.com/view/2b34894bzsaqsbcx) by Artemis Capital- positive correlation is bad in this case, see below for the sections marked in red). + +&#x200B; + +[Bonds and Stocks are more correlated than previously believed](https://preview.redd.it/w72p7k5skhl91.png?width=974&format=png&auto=webp&s=57edca89121409c5b9bd3805ddafd4c162e51d77) + +Debt defaults spreading throughout an economy is par for the course during a recession. This can be clearly seen in a [graph of non-financial corporates](https://fred.stlouisfed.org/graph/?g=VLW) debt to GDP. (i.e. US businesses excluding banks and broker-dealers) + +&#x200B; + +[Nonfinancial corporate debt to GDP](https://preview.redd.it/7vrcvg0ykhl91.png?width=754&format=png&auto=webp&s=4dffeca57a7bd83b9899e3f88de34e16af0a34ae) + +Corporate Debt as a percent of GDP rises during periods of economic growth, and falls as the economy contracts- businesses forced to pay off debt, cut expenses, and some even go bankrupt. Now, this figure is higher than ever before- and the recent drop in the chart since 2020 **is purely semantics, as they are using gross GDP as the denominator.** + +This basically means they include inflation as economic growth- GDP is the dollar value of all goods and services produced in an economy, and if prices rise, nominal (gross) GDP will rise, even if the economy is not growing at all. **The growth is only an illusion.** + +**Thus, we are still likely only slightly below that 2020 level, which is well north of 50% of GDP- the height of the 2008 bubble didn’t even get here. This implies that the coming downturn, if taken in full stride without a restart of QE, will be worse than 2008.** + +On the housing front, real estate markets are cooling off rapidly. Rising Fed Funds rates mean that mortgage rates are rising in tandem (since almost every interest rate in our economy is calculated as some premium on top of the Fed Funds rate or a Treasury yield). + +For reference, a $500k mortgage with a 50k down payment, excluding taxes, homeowners insurance, and other expenses, would cost approximately $2,037 a year ago. Now, that same mortgage costs $3,061, or 50% more. With real wages falling due to inflation rising faster than wage growth, this means that housing demand is falling rapidly. + +[Bloomberg reports](https://www.bloomberg.com/news/articles/2022-06-27/hottest-us-housing-markets-now-have-bigger-share-of-price-cuts): “US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by [Zillow Group Inc](https://www.bloomberg.com/quote/ZG:US). + +Overall, the proportion of active real estate listings with lower prices has increased in all 50 of the largest US metropolitan markets tracked by Zillow. In these cities, 11.5% of homes saw a price cut in May, on average, up from 8.2% a year earlier. + +**Among the 50 metros in Zillow’s data, 32 had more than 10% of listings with a price decline. In eight cities, the share has jumped by at least 5 percentage points over the past year.”** + +&#x200B; + +https://preview.redd.it/5t5ahvbalhl91.png?width=1232&format=png&auto=webp&s=c9c9f1f12f3a077a7147d05deaa2fd611cc84657 + +What is even more concerning is the skyrocketing cost of mortgages. With the recent hikes in interest rates, and negative real wages gains due to inflation, US mortgage payments as percentage of income are higher than at the top of the subprime bubble. + +&#x200B; + +https://preview.redd.it/t20iu57elhl91.png?width=1272&format=png&auto=webp&s=71fafed3d221a1679c416d67b81de78e784e059b + +Housing, food and energy represent inelastic goods in an economy- these are not things we want, they are things we need. An increase in these prices means less disposable income to spend on other goods - portending a fall in business revenues for firms that aren’t in these vital industries. + +[Macro Alf on Twitter points out](https://twitter.com/MacroAlf/status/1562477584654409728/photo/1)\- “Housing market trends lead economic and labor market cycles by 6-12 months. Right now, the US housing market is signalling unemployment rate will likely be above 6% in 2023: another data point which is inconsistent with a soft landing.” + +&#x200B; + +https://preview.redd.it/5unodflilhl91.png?width=1204&format=png&auto=webp&s=d1bd89a37ec39db241962117bd56f1a2e2d2d1d9 + +The US Treasury Yield Curve, a graphical representation of the yields for the most common maturity treasuries and t-bills, is currently deeply inverted. The two- to 10-year segment of the yield curve inverted in late March 2022 for the first time since 2019. + +(The term [yield curve](https://www.investopedia.com/terms/y/yieldcurve.asp) refers to the relationship between the short- and long-term interest rates of [fixed-income securities](https://www.investopedia.com/terms/f/fixed-incomesecurity.asp) issued by the U.S. Treasury. An [inverted yield curve](https://www.investopedia.com/terms/i/invertedyieldcurve.asp) occurs when short-term interest rates exceed long-term rates.) + +Under normal circumstances, the yield curve is not inverted since debt with longer maturities typically carry higher interest rates than nearer-term ones. + +&#x200B; + +https://preview.redd.it/vbamzx8klhl91.png?width=1708&format=png&auto=webp&s=a010d8dbc093ab544db15ccf81472fb94a1b1160 + +As investors fear an economic downturn, however, they begin buying longer dated maturities en masse, driving up bond prices, and therefore driving down yields on the 7 year and 10 year bonds. (recall that bond prices and bond yields are inversely correlated). This causes the 10yr yield to dip below the 2 year yield, which in a healthy market would never happen. + +**The U.S. curve has inverted before each recession since 1955, with a recession following between six and 24 months, according to a** [**2018 report**](https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/el2018-20.pdf) **by researchers at the San Francisco Fed. It offered a false signal just once in that time.** + +This indicator is one of the most accurate forecasters of recession- and given the depth of the inversion, the bond market is foreshadowing a much worse downturn than even the 2008 Great Financial Crisis. + +(The chart below portrays the difference between the 2 year and the 10 year (this pair is often called 2s10s.) When it is positive, the 10yr yield is higher, and we have an upward sloping curve. When it is 0, the curve is flat, and when it is negative, the curve is inverted. Currently it is negative) + +&#x200B; + +https://preview.redd.it/56kib3zolhl91.png?width=1302&format=png&auto=webp&s=8815ff7e4dbecae2ab7e798d78ce274b84ae9eb8 + +[Bloomberg notes](https://www.bloomberg.com/news/articles/2022-08-09/treasury-yield-curve-inversion-has-scope-to-deepen-bofa-says): “And it isn’t just the US bond market that’s signaling that a recession may be on the horizon. [New Zealand](https://www.bloomberg.com/news/terminal/RFJOJ0T0G1KW)’s two-year yields exceeded 10-year rates for the first time since 2015 on Wednesday. The difference between Australia’s 10- and three-year bond futures -- its favored measure -- is at the flattest in more than a decade, while the UK’s yield curve briefly inverted earlier this month.” + +All these worrying recession indicators hit as the US consumer is at its weakest in at least the last 40 years- [Credit card balances increased $46 billion](https://www.washingtonpost.com/business/2022/08/02/credit-card-debt-inflation/) in the second quarter, a 5.5 percent increase from the first quarter, and there was also an uptick in new credit card accounts. The 13 percent increase from the second quarter of 2021 to the second quarter of 2022 was the biggest such jump in more than 20 years! + +**People are going further into debt just to stay alive- this can’t possibly be sustainable. The debt monster continues to grow.** + +Joelle Scally, administrator of the Center for Microeconomic Data at the New York Fed, stated in a news release, “The second quarter of 2022 showed robust increases in mortgage, auto loan, and credit card balances, driven in part by rising prices. “While household balance sheets overall appear to be in a strong position, we are seeing rising delinquencies among subprime and low-income borrowers with rates approaching pre-pandemic levels.” + +**And to think, all this economic damage and the Fed hasn’t even BEGUN to tighten! They’ve raised rates, sure- but if you check** [**this post I made a few weeks ago**](https://www.reddit.com/r/Superstonk/comments/vp8k3j/fed_purchases_423bn_usts_and_mbs_from_june_1st9th/)**, you see that the Fed has run a pathetic excuse of a tightening program.** + +The Fed’s total assets (Balance sheet) is charted below, the beginning of the period set to early 2020. This tightening cycle is the slowest and weakest the Fed has ever undertaken. + +&#x200B; + +https://preview.redd.it/qqaz949rlhl91.png?width=2336&format=png&auto=webp&s=16de6ea72e656ff95b48df5414461cb794811f1a + +They’re using a covert method of financial engineering to slow down the taper- they were slated to do $95B a month of tapering, i.e. allowing their Treasury or MBS debt securities to mature (or sell them), and not printing more to replace them. This program would have been smaller than the QE of 2021, which saw $120B a month of liquidity added to the system. + +But they aren’t even following through with their own plan. The accounting gimmick results from them using a loophole to “reinvest” funds back into Treasuries or MBS. + +Understandably, the Fed, with it’s massive holdings of bonds, receives interest payments monthly. These payments were usually written off in previous tightening cycles (literally the Fed can go into their central account and delete their own deposits from the system). + +**This time, they’re using the billions of interest each month to plow back into new Treasuries or MBS. This isn’t “printing money” technically they argue, since no new bank reserves are being created- rather they are just “recycled” from the existing system.** + +**Either way, the Fed is not tightening at the proposed $95B a month pace, rather they have drawn their balance sheet down about $100B since April, four months ago- this is 25% of where we should be if the taper was being run correctly.** + +Even the incompetent administrators on the Open Market Desk at the Fed must know that if they truly taper, and destroy the trillions in easy money they pumped into the system, the entire edifice will fall. The economy is already headed toward severe recession, the Eurozone is collapsing from an energy crisis turning into a full blown inflationary crisis, and layoffs are beginning to spread through the American economy. + +If they destroyed the excess liquidity that was pumped in the system, I believe a New Great Depression would begin within months. Stocks would collapse, the Federal Government would default on debts, and millions of businesses would fail. Their very credibility would be threatened, and the people might drive them out of power. + +&#x200B; + +https://preview.redd.it/da76e0axlhl91.png?width=1360&format=png&auto=webp&s=d3b8fe09b7c4ce7ce7667a650858f34cb7b97f9b + +Our debt to GDP is higher now than even the peak of the 1930s and 1940s, during the last zenith of the debt super-cycle. Further, the consumer is at record loan to income, with credit card, mortgage, and auto loan balances surging in Q2. The American middle class simply cannot withstand more debt. + +**They are consigned to walk a tightrope, on one side the perilous deflationary spiral, and the other the burning inferno of inflation. They must hike rates, but they can’t taper- they must get stocks to come down, but not too much- they must induce recession, but not depression. It is a virtually impossible task.** + +**Fed officials walk this rope because they themselves created it- with the years of zero bound interest rates, infinite liquidity, and permanent bailout facilities such as Standing Repo, they created a sick, distorted version of our original financial system.** + +**The economic cognoscenti have opened the door into the Upside Down- a mirror dimension where nothing is quite as it seems. We’ve never traveled to this dimension at any other point in financial history - so we can’t even discern the difference between it and normalcy.** + +**This is a strange place- where inflation bankrupts America while the Dollar soars on foreign exchange; markets rally as jobless claims rise; and the Almighty Fed is the only indicator to watch.** + +**Markets should be down 35% here and trending lower, CDS spreads should break out, credit markets should be in absolute bloodbath, and yet, here we are- markets are down, but not too much, inflation is “under control”, and the definition of recession itself is changing! (**[**see this**](https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/)**)** + +**The governing elites meander around, oblivious to the danger that lies ahead.** + +&#x200B; + +[The Upside Down](https://preview.redd.it/4jlub7k0mhl91.png?width=2470&format=png&auto=webp&s=e050c4797a9acd198ec878793c110904cbf87b8a) + +&#x200B; + +**Perhaps they are missing something- maybe there is Demogorgon lurking deep in the tunnels.** + +**Mad with hunger, he is ready to rend flesh and bone asunder** + +**Perhaps this debt monster already has his claws deep in the Treasury, the banking systems, and the boards of corporate America** + +**His talons might reach across the nation, poisoning everything he touches, as he squats in the shadows** + +**His tendrils spread, infecting new victims and sickening the rest** + +**He feeds on rates, and lives on time** + +**Every day and every hour the interest accrues; the debt accumulates,** + +**and he grows stronger and stronger;** + +**Perhaps he is just biding his time, patiently and silently-** + +**Until his Power is too great for even the Almighty Fed to overcome.** + +&#x200B; + +**Perhaps.** + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +**\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~** + +&#x200B; + +&#x200B; + +# Epilogue—---------------------- + +&#x200B; + +&#x200B; + +This talk of the Fed walking a tightrope of stagflation draws me back to the title sequence written almost a year ago for [Part 4.0 of The Dollar Endgame](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/)\- + +&#x200B; + +[The Ships of State ](https://preview.redd.it/gbqed17emhl91.png?width=1244&format=png&auto=webp&s=7a148114705ad9be9fb77bccd6cc90e1587c4d71) + +&#x200B; + +**“Imagine the world economy as an armada of ships passing through a narrow and dangerous strait leading to the sea of prosperity. Navigating the channel is treacherous- err too far to one side and your ship plunges off the waterfall of deflation; but too close to the other and it burns in the hellfire of inflation.** The global fleet is tethered by chains of trade and investment so if one ship veers perilously off course it pulls the others with it. + +Our only salvation is to hoist our economic sails and harness the winds of innovation and productivity. It is said that de-leveraging is a perilous journey and beneath these dark waters are many a sunken economy of lore. **Print too little money and we cascade off the waterfall like the Great Depression of the 1930s... print too much and we burn like the Weimar Republic Germany in the 1920s...** fail to harness the trade winds and we sink like Japan in the 1990s. + +**On cold nights when the moon is full you can watch these ghost ships making their journey back to hell... they appear to warn us that our resolution to avoid one fate may damn us to the other.”** + +**(**[**Artemis**](https://artemiscm.docsend.com/view/u8q6ygn3h8j5w99f)**)** + +&#x200B; + +\------------------------ + +&#x200B; + +&#x200B; + +**You can follow me on Twitter at** [peruvian\_bull](https://twitter.com/peruvian_bull)**. All other accounts are impersonators/scam accounts. I will never ask for personal information, nor solicit or offer financial advice.** + +&#x200B; + +&#x200B; + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* +🚀 Animal Adoption Advocacy 🚀 + +This is the most professional transparent project in the BSC space! Here are some stats: + +🔥 10.5K holders + +🔥 5M marketcap + +🔥 3800+ people in their Telegram group + +🔥 4 Listings this month + +🔥 Doxxed team + +🔥 Legal entity registered in the US + +💎Most important part: It's still early! 💎 + +Animal Adoption Advocacy just got listed on CMC & CG this week along with the first exchange, CoinTiger\*\*.\*\* Hotbit, P2PB2B, & one more undisclosed listing happening this month! This is always a huge trigger for any project, but will be even more so for Animal Adoption Advocacy. + +**Why is Animal Adoption Advocacy one of the best bets out there?** + +Animal Adoption Advocacy is, in short, a project to bring direct donations using the PAWS token to animal shelters & animal charities worldwide. With an app being developed to be released in the next couple months that will allow for these transactions to take place, it will be huge. The biggest problem in the donation & charity space is transparency. This should solve all of it. More info in the white-paper on the logistics of it! + +With its 8% transaction taxes, redistribution of holders & LP redistribution also happens. With the V1 & V2 problems happening, migration should take place as soon as a method is figured out. Currently Animal Adoption Advocacy is sitting at 5M MC & over 10K holders! + +**What has Animal Adoption Advocacy been up to and what's coming?** + +They have a very driven and talented team that's in it for the long run. They have already achieved a lot and are just getting started. + +**1-2 Weeks (Newborn)** + +* Fair Launch via DxSale on the BSC Network +Receive an audit by TechRate before launch +Listings on CoinMarketCap and CoinGecko +One listing on a centralized exchange +Make first Donations +Continue development on the platforms +Deploy massive initial marketing campaign + +**2-4 Weeks (Puppy)** + +* Listings on two more centralized exchanges +Launch of PAWS NFT marketplace to raise capital for donations +Continue expansion of international channels +Tangible partnerships with organizations +Make in-person donations to our upcoming partners + +**5-12 Weeks (Adolescence)** + +* Deployment of app as described in whitepaper +Large marketing campaign to reach outside of the crypto world +Establish extensive relationships with animal shelters, refuges, and organizations +Enact action plans with community to enact change in their personal communities +Reward Holders with Beta access to features of platform not yet released + +**3-5 Months (Young Adult)** + +* Expand team and partnerships for increased reach +Listing on large known exchange +Release of Beta'd feature to public and integration into existing app +Engage community driven action teams to carry out full expansion + +**6-12 Months (Adult)** + +* Proprietary Concepts Roll Out +Expand and deepen partnerships with more lateral integrations +Large Directed Campaigns aligned with our core values +Expansion and Improvements to existing platforms + +This project was worked on for over 8 weeks before launching, has a **30+** page whitepaper, doxxed team, **legal entity** registered in the United States, a **custom swap** built, already made multiple donations & plans to scale up during the month of May. It is currently **18 days old** & has **no whales**. The entire purpose of the project is to release the app that will allow direct donations to animal charities & shelters **IN PAWS TOKENS.** There is not a single charity platform or token that I know of that allows direct donations via the token. This will be huge & all the logistics are explained within the whitepaper. There are also plans to partner with big stores (online & in-person) to create a system to use PAWS token while at pet retailers! + +On top of that, there is an NFT marketplace going live on May 30th that will allows for further fundraising to donate to charities & shelters! It will be exclusively ran on BSC. PAWS has already managed to secure multiple exchange listings in just over 2 weeks of launching & is on track for 4 this month! There are also talks of multiple chain forks & other stuff for forward thinking longevity. + +The overall goal is to save 1M+ animals worldwide thru direct donations to charities & shelters, sponsoring adoptions for different shelters & conservation work to save animals in the wild! + +Links: + +📱**Telegram** \- [https://t.me/PawsOfficial](https://t.me/PawsOfficial) 📱 + +💻 **Crypto** **Website** \- [https://pawscrypto.us](https://pawscrypto.us/) 💻 + +💻 **Corporate** **Website** \- [https://animaladoptionadvocacy.com](https://animaladoptionadvocacy.com/) 💻 + +📈 **Chart -** [https://charts.bogged.finance/?token=0x066fc8DD5955534A01a9f892314c9B01b59A9C11](https://charts.bogged.finance/?token=0x066fc8DD5955534A01a9f892314c9B01b59A9C11) + +📌 **Audit** (MORE COMING)- [https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Audit\_04\_12\_SWILSON-FF.pdf](https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Audit_04_12_SWILSON-FF.pdf) 📌 + +📃 **Whitepaper** \- [https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Whitepaper\_content\_SWILSON-FF.pdf](https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Whitepaper_content_SWILSON-FF.pdf) 📃 + +🏛 **LLC** \- [https://tnbear.tn.gov/Ecommerce/FilingDetail.aspx?CN=178110195244216159112163215215012228160206107168](https://tnbear.tn.gov/Ecommerce/FilingDetail.aspx?CN=178110195244216159112163215215012228160206107168) 🏛 + +We all know where this is going.. 🚀 🌙 Do I need to say more? +Due to the way reddit works, there's a lot of 'hivemind'-like discussion that goes on, where only one view is upvoted and the rest is downvoted. + +To make good investment decisions, please consider all views and not just one, before making a decision that could have a significant impact on your financial wellbeing and livelihood. + +Buying on the dip is risky. Although everyone pushes the idea that timing the market is impossible, please don't recklessly continue to buy, chasing your losses if you cannot afford to do so. + +Sometimes there are times where the market will drop temporarily and go back up, and there are other times where it will drop and continue to drop. There's a reason why people say don't catch a falling knife. + +If this fall keeps going, there is a very real possibility that we might be headed for a recession, which means some people may lose their jobs. Take this into consideration before buying into the dip. + +Do you have enough money to last a few months of unemployment **considering** the amount you are planning to invest to 'buy the dip'? If no, seriously reconsider your investment decision. +Hey cunts. Im going to try and explain some factors that have affected the market and how that applies to current outlook and whats occurring. I believe most of this relates to self fulfilling prophecy, feel free to contribute all denial, hopium, copium and HC thoughts below. + +&#x200B; + +**Firstly, what is a self fulfilling prophecy?** + +**Definition:** *A false definition of a situation evoking a new behaviour which makes the originally false conception come true.* \- + +The concept of self fulfilling prophecies operates in a cycle which begins with our beliefs. Beliefs influence our actions and eventually cause a narrative to impact others beliefs which cause actions that reinforce that original belief making that belief become a reality. + +&#x200B; + +&#x200B; + +[I know some cunt is going to ask for a picture](https://preview.redd.it/he7qmmm7yiy81.png?width=551&format=png&auto=webp&s=5eb595bcc9ae4bda2f3f51f4401edf2a6233b67e) + +**So how the fuck does this apply to markets?** + +Well, we need to go back a bit, because you all lack attention spans lets take it back to march 2020. + +We know what happened here. Money was poured into the market crash buying fear and the market bounced. But the thing was governments continued to stimulate with MMT to fuel growth out of the covid mayhem. central banks around the world maintained low cash rates and continued to support markets. This created the perfect conditions for wild speculation and false economic growth. + +within the euphoria, narratives occurred on what would happen, some bearish, some bullish but while debt was cheap and markets had upside all your stocks whatever they were were fuelled by wall street narrative. As an example heres how the inflation narrative played out. + +**Inflation narrative** + +**The belief:** The printing of money and too much money in the system causes inflation, commodities do well in inflationary environments This caused an influence for money to move into commodity futures resulting in a move back upwards. + +**The influence:** + +Wall street pushed this ideology hard, stating a super cycle was coming + +**The actions** + +We shouted that inflation was going to be a huge problem which caused more people to hedge in commodities futures. taking out margin loans to trade them. Im sure the bigger trading houses had mass influence on curbing supply by trading them. Commodities were moving up which caused inflation. + +You can see how this works. It causes herd mentality as the narrative plays out. basically finiancialisation and hedging has caused wild speculation which lead to its own inflation. When really this was a combination of panic by countries to secure supply, trading house speculation, hedging and supply chain issues which lead to inflation becoming a self fulfilling prophecy. + +When the nickel saga occurred that sent a wave of caution to people. The markets have since become more illiquid and are now more representative of actual trade compared to speculation. from what i can tell the secretive trading houses were struggling and had to make arrangements for their margin calls mainly due to being on the wrong sides of trades like russian oil. anyway + +**So how does this relate to whats happening now dick head?** + +Well, everyone in markets is looking for returns on capital, savings interest rates are low which causes people to look for alternatives for return due to their money being eaten away by inflation. + +This caused risk tolerance to be low due to market euphoria. but it also caused people to over leverage themselves when things were over valued. taking out margin loans by places like robinhood. + +You can sign up to FINRA free of charge [here](https://ycharts.com/indicators/finra_margin_debt) and view on a chart how much margin was entering the markets taking advantage of the climate. + +The US peaked on margin loans at almost 1 trillion dollars in august of 2021. since then Margin loans have been significantly decreasing. Heres the [Link](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) + +&#x200B; + +[You seeing a correlation here. I CBF overlaying the sp500 but you get it right](https://preview.redd.it/556uem6majy81.png?width=890&format=png&auto=webp&s=50923ba0f201f645a50080b3874672a253964a69) + +&#x200B; + +**Why do margin loans matter?** + +Margin loans have a major correlation to indices which has a large correlation to liquidity, when margin peaks the market is at a high. and when it declines returns reduce sometimes a lot. + +&#x200B; + +[you get it yet.](https://preview.redd.it/l2jn7bxxajy81.png?width=890&format=png&auto=webp&s=ebbc0462c86e5e8794f017f5648d3c7e8b7c9152) + +**A quick reality check here for some.** + +How many of you bought into a trade with some grandiose idea LKE was worth a 1 billion dollars even though its not even close to being in production. well that was never sustainable. it is all narrative. somewhat could be a self fulfilling prophecy due to trend traders utilising TA and having control of the float. The only reason any of this shit hit so high is because of low interest rates, market speculation and increased risk tolerance while the fed had everyones backs, This doesn't just apply to LKE, it applies to any other bullshit lifestyle co pushing a narrative to keep you holding shares to decrease liquidity which makes it move better for traders taking advantage, + +Don't get me wrong some ideas in the spec space are great. but what ive seen run over the past 2 years is nothing short of fucking retarded. + +**So what the new self fulfilling prophecy?** + +Well QE is great for markets and your specs, it creates risk on environments and some good economic outcomes whilst also fuelling your lifestyle companies new directors beach house. QT is the opposite and this where the bears get to have their day. + +&#x200B; + +[Lets go over this one more time](https://preview.redd.it/he7qmmm7yiy81.png?width=551&format=png&auto=webp&s=5eb595bcc9ae4bda2f3f51f4401edf2a6233b67e) + +The fed and RBA are trying to curb inflation which looks transitory believe it or not by destroying demand. Without debt being in a place where theres reward the market is extremely overvalued. thats the belief most have on wall street now. + +**The belief is** A recession is coming. + +That influences how people handle there money, they deleverage markets, they sell their investment properties which curbs the supply issue which leads to a decrease in valuations. + +The initial belief of recession causes a recession due to peoples actions. Its herd mentality. But largest wealth holders have major control here, they have the opportunity to still sell high but others still have to buy high for risk, that risk reward ratio looks fucked at those levels as recession is coming. + +others having that belief causes more to fall into the herd mentality which reinforces those actions. leading to a sell off. Anyone taking risk with margin looks fucked here, because they can go completely broke by not covering. + +**Whats the result of this self fulfilling prohecy?** Its recession. simple as that. because everyone believes it they will act in away that will cause it. + +This will destroy the lifestyle companies if it continues. which is great. there not needed. but how far does the term lifestyle company go. It reaches a lot of the overvalued tech who utilise markets to pay employees. They all got jobs they shouldn't have gotten due to conditions that should have never been created since 2008. + +Whats coming is an illiquid market in a high risk environment due to the feds agenda. A stronger USD kills commodities. it also forces countries with a lot of debt to begin selling at marginal cost just to cover that debt. or alternatively they stimulate and point money causing further inflation . + +We are pretty fucking lucky here compared to 3rd world who may starve due to the actions of financialisation. so when i hear you all bitching about losing 10k you can go fuck yourself. people starve because of the capitalism of world markets and greed.i say don't buy their margin. Let them go fucking bust. + +**Wheres the good news in this** + +The good news is The RBA cant raise that far without causing bankruptcy on the lower socioeconomic and middle class. + +The Fed wont get far in their hiking cycle and i do believe we will see lower cash rates in the future which will cause spikes in commodities sooner rather than later. pending we don't end up in a world war. which kind of looks likely. so opportunity will present itself so you can capitalise on the system once again. + +I have more to say but fuck it ill happily reply to ya comments if need be. + +For some more resources and thoughts heres peter schiff who basically describes these circumstances years ago [https://www.youtube.com/watch?v=0WhDs7-MXKc&t=1520s](https://www.youtube.com/watch?v=0WhDs7-MXKc&t=1520s) I dont subscribe to the end times to be honest but its going to get pretty fucking messy here. + +I also think [https://www.youtube.com/watch?v=NZxBwRKz8EE&t=358s](https://www.youtube.com/watch?v=NZxBwRKz8EE&t=358s) viktor shvets has some great outlooks for the future. + +TLDR: margin controls your markets and its deleveraging +So a few months ago, someone I had met in the first few weeks of my first semester at college, had been posting pictures of his MT4 account with his profits, and I was pretty intrigued. I asked him what it was, and he said it was the Forex market, so I wanted to learn more and asked to meet up with him. When we met he was explaining it a little more and told me that he was in this networking trade group called IMarketsLive and went on to offer for me to sign up, upon which I said I wanna do a little research before I sign up for anything. And so I did, and saw a lot of different opinions about IML and the things they do, and I wasn't really attracted to the networking aspect and also did not want to start paying $275 a month just to be in the group. It seemed to me like it was kind of a pyramid scheme, so I turned down the offer but decided to try to learn about the Forex market for free on my own. + +I started doing more research about it in my free time, and eventually I discovered the BabyPips website where you can go through around a 330 lesson course, which goes through a lot of the basics and foundations of Forex trading. I made it through that in about a month and a half or so, and then opened up a demo account with IG. I watch a lot of youtube so more and more videos about forex started popping up in my recommended and have definitely helped along the road. + +One thing I saw is not to have a demo account for too long, so after around a month of having the demo and getting a little profit, I opened a live account with $300 on Oanda. I use their online trading platform and it's alright, there are some things I liked better with IG but that's besides the point. + +I've been trading with lots of 500 units or less so I'm only down about $6, but I feel like I'm kind of stuck. After all the stuff I've read and watched so far, I've come to understand that there are some key things every trader needs to do. From what I've seen, it's + +* develop and backtest a trading plan and follow it strictly +* always use stop losses +* have good risk management +* have balance of technical and fundamental analysis (which I recently realized as I hadn't studied any fundamentals) +* keep a trading journal +* don't over leverage +* have a good trading psychology +* keep it simple +* be patient + +Among a few other things I might be forgetting, I understand these are crucial points to follow to become a successful trader. The only thing is I feel like I've flooded myself with so much information and I really don't know where to go from here. I don't have a trading plan mainly because the best thing I've heard to do is make one that fits my trading style, but simply put I don't know what my trading style is and don't know how to actually construct a usable plan. + +I know many people join the market because of the dream of turning $25 into a million dollars, however I don't have that mindset. Also I know I should focus first on preserving my capital and being consistent rather than focus on getting a lot of money, I just don't know how to do this. I am ready to put more effort into the market, I just don't know where to put it. + +Another thing to note is that for when I am ready and have developed a proper strategy and everything, I have sufficient capital (around $3k) to actually start making some serious profit. (for a 19 y/o!) + +Anyways, if you would like to give any advice, tips, things to avoid, stories, anything - that would be greatly appreciated! + +Thanks for reading👍 + +EDIT: This is my first time using reddit so I can't reply to anything because I don't have enough karma whatever that means. But thanks for your responses, they will definitely help me to start building my own strategy. +Does anyone else have a problem with being too obsessed? I'm pumping all my income into my portfolio essentially, my expenses are under $450 a month so all money in excess of that just gets saved/invested. + +The problem is that I'm entering mid 20s and haven't really done many things like had a longterm girlfriend, vacationed much or have many hobbies besides stuff that's free/very low cost. I feel guilty about wasting my youth but have trouble spending my money. I get buyers remorse when I spend small amounts anyway, I know this is the wrong attitude as you won't be able to take your portfolio with you beyond the grave but I can't help. + +Are there any helpful strategies you guys use? I want to start enjoying my life without spending everything like the average consumerist.