diff --git "a/reddit_finance_43_250k_130.txt" "b/reddit_finance_43_250k_130.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_130.txt" @@ -0,0 +1,10000 @@ +Hi Reddit, I’m fairly new to investing and I’m wondering if someone can give me some insight on withholding tax in a TFSA. + +I understand that holding US stocks in a TFSA would subject me to a withholding tax on any gains or dividends, but would that also apply if I’m holding a Canadian dividend ETF which has some US exposure? Specifically the ETF I’m looking at is ZMI, BMOs monthly income ETF. It’s got about 38% US allocation and 25% global allocation. But it’s a Canadian ETF trading on the TSX in CAD. + +Should I be focusing on ETFs with entirely Canadian exposure? Or am I looking at this the wrong way? Can you recommend alternatives to ZMI I can look into to minimize or eliminate withholding tax? + +Any advice is appreciated +https://www.cnbc.com/2020/09/20/what-to-expect-from-tesla-on-battery-day-.html + +Since 2017, Tesla has mass-manufactured batteries for its cars and energy storage products at its Gigafactory in Nevada, with its partner Panasonic. + +On Tuesday, Sept. 22, Tesla is holding its annual shareholders’ meeting in conjunction with a “battery day” where it could announce details about its own new type of battery cell. + +Tesla demonstrations often cause short-term stock volatility, but what Elon Musk shows at these events does not always result in a working product within the promised timeline. +Really grateful to MSE it has helped a lot with my personal finances. I earn a reasonable wage but nothing amazing. By doing extra financial things I have managed to increase my savings a lot, so far just over £7000! + +Here's a total rundown of what I have used: + +1. Lifetime isa bonus £2000 +2. Natwest switch £125 +3. HSBC switch £175 +4. Nationwide switch £125 + 50 in interest +5. Firstdirect switch £125 + 93 interest +6. Halifax switch £125 +7. Marcus savings account £150 interest +8. Moneybox LISA interest £85 +9. Working from home tax relief £63 +10. Topcashback £95 +11. Free portion of chips +12. £3800 Stocks and shares appreciation +13. Advice and help switching energy providers and broadband +14. An extra year of 16-25 railcard +[https://trends.google.com/trends/explore?date=all&geo=US&q=stocks](https://trends.google.com/trends/explore?date=all&geo=US&q=stocks) +[https://trends.google.com/trends/explore?q=best%20stocks%20to%20buy%20now&date=all&geo=US](https://trends.google.com/trends/explore?q=best%20stocks%20to%20buy%20now&date=all&geo=US) +[https://trends.google.com/trends/explore?date=all&geo=US&q=how%20to%20buy%20stocks](https://trends.google.com/trends/explore?date=all&geo=US&q=how%20to%20buy%20stocks) +I cannot find the original post but a couple of days ago a poster had said that they had built a strategy that simply bought the stocks with the best performing sharpe ratio and after a few months of forward testing was seeing some success. I found the idea interesting and went out and built and backtested it. + +&#x200B; + +**The Process** + +I used the yahoo\_fin library to get data and utilised their tickers\_dow() function to get the list of DJIA stocks for the backtest in monthly interval from 2011 till today. + +I then calculated a 12mo rolling sharpe ratio for all stocks in the index: + +&#x200B; + +https://preview.redd.it/q16607eymae71.png?width=1097&format=png&auto=webp&s=f676468b87b90c4121ea98375adbcff45797126c + +Using the rolling sharpe I selected the top 5 stocks in the index with the best rolling sharpe ratio each month, which would be my portfolio going into the NEXT month. Below are sample of portfolios, note for simplicity, portfolios were equally weighted: + +&#x200B; + +https://preview.redd.it/veyycm7xpae71.png?width=548&format=png&auto=webp&s=c0149019ec5fa85ef38a7140f0eb5bf04958e5d6 + +interesting to note that trade frequency was very low and the portfolio rarely fully turned itself over, instead only adding/removing a couple of stocks each month: + +&#x200B; + +https://preview.redd.it/o80kp33cqae71.png?width=1291&format=png&auto=webp&s=7d521b166f48d4974c8f6f52a104b554d656d710 + +frequency graph of above: + +&#x200B; + +https://preview.redd.it/kogm1pphqae71.png?width=484&format=png&auto=webp&s=2889a03fa054cc90080e458b1856a42db82001b3 + +**Results** + +Results were a little lacklustre as even with transaction costs set to 0 the strategy failed to beat the benchmark (DJIA returns 178%) over the back-tested period: + + + +https://preview.redd.it/784tknj1rae71.png?width=1290&format=png&auto=webp&s=072ddc84a4436f34339ad3ebe0c18e8a902e3d7e + +While disappointing there does seem to be some method behind the madness and I could see with some adjustments there's potential. Adjustments, such as: + +\- increase/decrease rolling look-back period + +\- increase/decrease number of stocks held + +\- increase/decrease minimum hold time + +\- add position sizing/portfolio optimisation + +\- TP/SL targets + +Thanks for reading! +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) +You do understand that's what they want right? + +Yes. We know they hate us, smells like desperation blah blah blah. + +But for real. The reposting and reposting of this doesn't do anyone any favors...except of course the company that made it. + +Seriously folks, is it that hard to understand?? + +Please Move on. + +Ps: And you god damn reposters....for real. Mods. please take time to banhammer chronic reposters like some other subs have started to do. + +Fin. +Just wanted to share this. I've worked in the medical space and have helped other patients as well as myself with this strategy. Any time you get a bill from your insurance, call them and challenge them on the amount. + +For example: Got an X-Ray done and was told over the phone that total out of pocket expenses would be $70. In my bill the actual charge was ~$150. Called in, challenged the amount and filed an official grievance/complaint. Went to review and got a letter 2 weeks later saying the charges were just dropped. + +Example 2: Got some blood labs done. Got a bill for ~$150. Saw that the original charge (before ins paid) was like $800+. Called in again, challenged the charge. Told them I could get all those tests done for less than what my co-pay was as a cash patient and that there was no way in hell I was paying that amount. Filed an official grievance/complaint and again, 2 weeks later was informed that the charges would just be cleared. + +Basically, you have the right to challenge a payment amount to be equal to or less than what Medicare would pay out. And if you want to get real sassy you can threaten to call the state insurance board to report them for over charging. More often than not it's much easier to wipe the bill than to deal with the headaches of an educated customer. Worse case scenario, your bill gets lowered, best case is you pay nothing. Can't hurt to try. +Ok so the biggest post of this weekend (or even month) by u/thabat is truly amazing but one part is very wrong and I think it needs some clarification (in case someone doesn't know what post I'm taking about: [https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) ) + +u/thabat is speculating that the number "6347.00" might be the result of dividing $31,735 by 5. Well, it's not. It's just $190.41 (current price) divided by 0.03 (EPS estimate that yahoo is using). + +Don't believe me? [Check this out](https://www.nasdaq.com/market-activity/stocks/gme/price-earnings-peg-ratios): + +&#x200B; + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/price-earnings-peg-ratios](https://preview.redd.it/3ll0jzd3r4n71.png?width=828&format=png&auto=webp&s=00a7dc224a3a2ff20e522a26c25c69861b6943cf) + +Nasdaq is saying that the P/E estimate for 2022 is 9520.5. I got hyped as fuck when I saw this but then I asked myself (same as u/thabat) how the fuck did they come up with this? And then I saw in the [other section](https://www.nasdaq.com/market-activity/stocks/gme/earnings) that the EPS estimate for 2022 is 0.02 + +&#x200B; + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/earnings](https://preview.redd.it/z3sid75gr4n71.png?width=820&format=png&auto=webp&s=eab35b418afd045a53453562e66a9c74b6991515) + +# 190.41/0.02 = 9520.5 + +# 190.41/0.03 = 6347.0 + +So as for the rest of things in the post (especially float of 249mm and obviously cellar boxing post) I'm really hyped, but this is not one of them. **This just means that Yahoo is using the value of 0.03 as the consensus for EPS forecast.** + +**Learn, buy and hodl!** +[**Nasdaq has proposed new rules to make it more difficult for some Chinese firms to list on its stock exchange.**](https://www.msn.com/en-xl/money/topstories/nasdaq-to-tighten-rules-amid-concerns-over-chinese-firms/ar-BB14hoY0) + +Its proposals would mean companies from certain nations would have to raise at least $25m ( or a quarter of their post-listing valuation to list. + +Tougher accounting rules will also apply for listings, which are called Initial Public Offerings. + +The risks to US investors are heightened when a company’s business is principally administered in a jurisdiction that has secrecy laws, blocking statutes, national security laws or other laws or regulations restricting access to information by regulators of US-listed companies in such jurisdiction,” Nasdaq said. + +Furthermore, Donald Trump said he was looking at Chinese companies that are listed on American stock exchanges but do not follow US accounting rules. + +&#x200B; +Like the title says, I think it’s time to admit that buying and selling stocks is something I should not have started with, especially for someone like me who comes from a non-financial background. But you live and you learn. + +I plan to go the ETF route now with 30% QQQ, 30% MTUM, 30% VOO and the rest in ARKK. I know VOO overlaps with QQQ and MTUM to a certain extent but since all 3 follow different indexes, I thought it’d be okay. + +All suggestions/advice welcome. + +Edit: spelling, phrases. +I am long VTI, bought a few earlier today at what I thought was a discount, but surprisingly it has fallen even more. + +Any thoughts, ideas, suggestions on support range? I’m ready to throw everything at it. +I am long VTI, bought a few earlier today at what I thought was a discount, but surprisingly it has fallen even more. + +Any thoughts, ideas, suggestions on support range? I’m ready to throw everything at it. +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! + +We purchased our PPOR 5yrs ago, took on a modest mortgage relative to our borrowing capacity, smashed the mortgage down to 55-60%LVR over the last 5 years. + +Despite the progress our interest payments now look to be back to where they were years ago thanks to the rate increases. We’ll be fine but it’s confronting to see. Can’t imagine how people who stretched themselves must be feeling! +I've used Capital One as my primary 'brick and mortar' bank for many years now. Never had an issue with them until recently. A few months ago I logged in to find that in addition to my own bank accounts, I mysteriously had access to 3 new bank accounts with a total of over $100,000.00. This was very concerning because I wasn't sure if in turn, someone else had access to my accounts. I immediately drove to my Capital One location. They said they would escalate to their security division. The problem was never resolved. A month ago I called their security division for another update. They said that they didn't have record of this issue (ugh), but they would resolve it within 2 weeks. It has now been over 2 weeks and the issue has not been resolved. **I literally have access to other people's money and they don't seem to be taking this issue seriously?!** I need some guidance on this. I'm scared of identity theft and this smells rotten... + +Update 1: I've been on the phone with Capital One for the last hour, being transferred from department to department. I do think they are starting to take this seriously though. I really appreciate everyone's guidance. Thank you! I am also in the process of transferring money out of MY accounts into my secondary bank as a precaution. Capital One has assured me that the other people do NOT have access to my accounts, but I want to play it safe. Many of y'all have joked about messing with the other accounts, but I won't do that because I don't like playing with fire. I'll post another update if I get anywhere with Capital One today. Otherwise, I will post a complaint with the several regulatory bodies you guys have suggested. + +Update 2: I was finally escalated to someone in their 'management staff' whatever that means. They said this type of issue typically takes 20 business days to resolve from the time the case was officially opened. He said I should expect the issue to be resolved in the next few days and that I would hear back from them directly once it is closed. I did document the Case Number as well as the names and departments of the two primary people I spoke with. I will go ahead and file a complain with the OCC and/or CFPB. + +Update 3: I filed a complaint with the OCC. + +Update 4: I filed a complaint with the CFPB. I need to step away from my computer for a while, so no more updates until I hear something from someone. Thank you all for your guidance! + +Update 5: A lot of you have asked whether I can see the other people’s PII. The answer is yes. I can open up each of those accounts, see their names, their address, their spending history, and even look at pictures of their cashed checks with their signatures on them. + +Update 6: **\*\*Final Update\*\*** Looks like this got sufficient attention and Capital One's 'Escalated Solutions Team' called me this evening confirming everything has been resolved. I have checked my account online and everything looks good. Apparently the primary account holder for these mystery accounts named me as the Power of Attorney. Supposedly I share the same name as the person they actually intended on naming as the Power of Attorney. This is crazy considering I have a very rare name. Apparently I've had access to these accounts for much longer than I realized, but they assured me that no one ever had access to my accounts. Per the person I spoke with, their legal team also notified the primary account holders. Boy, I would have loved to be a fly on that wall. I have also taken fastidious notes about this whole process and requested a formal letter from Capital One explaining all of this and the final resolution. I'm just glad this is hopefully all behind me. You can't imagine the amount of time I spent on the phone with Capital One today. + +&#x200B; +$CSTR + +$CSTR + +CryptoStar Corp. (TSXC: CSTR.V) + +What is CryptoStar Corp? + +CryptoStar Corp is a company centred upon cryptocurrency mining operations. They allow for acquisition of Bitcoin and Ethereum mining equipment and hosting packages. They have operations located in the U.S.A., Canada, and China. CryptoStar is currently dedicated to becoming one of the lowest cost cryptocurrency producers in North America and a major supplier of GPU and ASIC miners worldwide. + +What’s the Catalyst? + +a cryptocurrency mining and data centre operator, is pleased to announce that it has closed its previously announced private placement of its common shares ("Common Shares") and warrants to purchase common shares ("Warrants") to institutional investors for gross proceeds of approximately CAD$25.0 million (the "Private Placement"). Pursuant to the Private Placement, the Company issued 83,333,334 Common Shares and Warrants to purchase 83,333,334 Common Shares at a purchase price of CAD$0.30 per Common Share and associated Warrant. Each Warrant entitles the holder to purchase one Common Share at an exercise price of CAD$0.40 per Common Share for a period of three and one-half (3.5) years following the closing date of the Private Placement. + +Link: https://www.newswire.ca/news-releases/cryptostar-corp-announces-closing-of-cad-25-million-private-placement-with-institutional-investors-836876413.html + +• The Vendor will deliver GPU and ASIC miners capable of a minimum total Hashrate of 25,950 MH/s and 9,500 TH/s respectively. +• It is anticipated that the GPU and ASIC miners will be delivered to CryptoStar's data centres within 30 days. +• The deployment of 25,950 MH/s and 9,500 TH/s of Hashrate using the latest generation GPU and ASIC miners is expected to contribute USD$170,051.98 per month in self-mining revenue for CryptoStar. CryptoStar plans to continue to further expand its self-mining inventory of mining hardware.(Source: https://whattomine.com/ Mining metrics are calculated based on and ETH - USD exchange rate of 1 ETH = $1,741.08 and a BTC - USD exchange rate of 1 BTC = $51,555.55 updated at 2021-03-08 00:46:13 UTC). + +***** SHOULD start mining on April 8, 2021 + +Other things to consider: + +This stock has immense upside potential , just look at all the other mining companies 6 months ago. This stock will fly with any new PR! Just take a look at this and see where other miners were 6 months ago. (Link below) + +https://stocktwits.com/BlackFuneral666/message/302645693 + +BTC price/ETH, BTC is poised to hit a 100 k EOY imagine what $CSTR SP will be ! I’m estimating around 8$+. Also keep in mind when BTC hit 58k USD this stock was trading at .80cents!!!! As for ETH , analysts are estimating anywhere from 5-10 k EOY! + +IMO, this will be trading over $1$ + very soon(April, 2021) With CryptoStar’s hopes to expand mining operations, more funding, and product purchase agreements, there is HUGE upside potential in company growth and share price. + + +Current position : .33@ 3310 shares, will accumulate more on pay days! + +Target : 4$+ end of year it will probably hit this sooner taking into consideration other mining company’s growth. + +Disclaimer: Do your own DD , this isn’t financial advice! I just love the stock +**TL;DR: Big banks like HSBC led the charge in helping al Qaeda but no peeps about that from MSM. Also Michael Pachter's Wedbush has had nearly 17-20 million in fines since 2000.** + +**Edit 1: added at the bottom: Did you know that al Qaeda files expense reports, has HR, its own bylaws, and Mexican drug cartels have lengthy subcontractor agreements & insurance policies for cocaine shipments? How do you think big banks like HSBC are able to work with so many fellow criminals?** + +&#x200B; + +[Big banks, like...pretty much all the time.](https://preview.redd.it/ln701my81ea81.png?width=624&format=png&auto=webp&s=6ff6f522429d20e71d4f8eacff8b0c6dd0684d52) + +Just like many of you I was pissed about the terrorism BS being spouted about our favorite stock. So decided to do some digging. Guess al Qaeda isn't really known for being on OpenSea (maybe not art fans?) but guess what they are a fan of? Big banks. + +But heyyyyy if upstanding citizens like Pachter are to be believed, it's only GME that would be that evil no? The big banks wouldn't do that? Right...big banks, not unlike, oh I don't know HSBC: + +[https://www.rollingstone.com/politics/politics-news/gangster-bankers-too-big-to-jail-102004/](https://www.rollingstone.com/politics/politics-news/gangster-bankers-too-big-to-jail-102004/) + +>For at least half a decade, the storied British colonial [**banking**](https://www.rollingstone.com/t/banking/) power helped to wash hundreds of millions of dollars for drug mobs, including Mexico’s Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – **people so totally evil, jokes former New York Attorney General Eliot Spitzer, that “they make the guys on Wall Street look good.” The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash.** +> +>**“They violated every goddamn law in the book**,” says Jack Blum, an attorney and former Senate investigator who headed a major bribery investigation against Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices Act. “**They took every imaginable form of illegal and illicit business.”** + +Oh wait, what's that ? CrImE? + +I mean, but the US authorities did something about them right? All those HSBC guys helping the motherfuckers that destabilize countries all around the world, whether the US, or Mexico, or otherwise are in jail making toilet wine right? + +&#x200B; + +>That nobody from the bank went to jail or paid a dollar in individual fines is nothing new in this era of financial crisis. What is different about this settlement is that the Justice Department, for the first time, admitted why it decided to go soft on this particular kind of criminal. **It was worried that anything more than a wrist slap for HSBC might undermine the world economy. “Had the U.S. authorities decided to press criminal charges,” said Assistant Attorney General Lanny Breuer at a press conference to announce the settlement, “HSBC would almost certainly have lost its banking license in the U.S., the future of the institution would have been under threat and the entire banking system would have been destabilized.”** + +&#x200B; + +There it is. Again. Economy > everything. Poor bankers need their money, we can't have *checks notes* terror cells like al Qaeda being unbanked or Mexican drug cartels?! (Oh noes!) + +&#x200B; + +[Money laundering only began once crip toe began guise! It never existed before!](https://preview.redd.it/39eviatc1ea81.png?width=1280&format=png&auto=webp&s=d94ca63a110e272a31c3a363f70f2b47e8f715e1) + +It's also perfect timing this hit piece by MSM as there have been lots of on point criticism from crip toe fans about why so much hate about a $2T market cap economy in crip toe that legislators worry it factors into so much "CrImE" but ol' big banks & their fiat gets a pass. + +I mean, we'd expect the US fed got to track that shit down right! All our great KYC/AML (Know Your Customer/Anti-Money Laundering) rules for cash, right? I mean, we got stellar stewards of the country...Like Michael Pachter said: "So in order to let this stuff happen, you need AML compliance, and you need somebody who's FINRA regulated." + +AML compliance means FINRA regulated? Got it! I'm too smooth to know that, so let's look up some banks that should be AML compliant and FINRA regulated and got this down pat! Like...ummm... + +&#x200B; + +...like BoA! I'm sure they were good at AML compliance! + +[https://www.universiteitleiden.nl/binaries/content/assets/customsites/perspectives-on-terrorism/2013/issue-4/terrorism-financing-methods-an-overview--michael-freeman-and-moyara-ruehsen.pdf](https://www.universiteitleiden.nl/binaries/content/assets/customsites/perspectives-on-terrorism/2013/issue-4/terrorism-financing-methods-an-overview--michael-freeman-and-moyara-ruehsen.pdf) + +>"AQ relied on couriers to move money in the 1990s and before the 9/11 attack. According to the 9/11 Commission Monograph, al-Qaeda used money changers to transfer US $1 million from the UAE to Pakistan and then used couriers to transfer the funds as cash into Afghanistan. For the 9/11 attack itself, “Khalid Sheik Mohammed delivered...US $120,000 \[in cash to\] Abdul Aziz Ali in Dubai...\[who\] then used the cash to wire funds to the hijackers in the United States.”\[11\] Khalid Sheik Mohammed also gave thirteen of the hijackers US $10,000 each as they left Pakistan. **These hijackers brought cash and traveler’s checks with them as they entered the U.S. and deposited the funds at banks such as Bank of America, SunTrust, and other smaller banks.**" + +Ok yeesh maybe not that. + +But I mean, it's not like banks can determine who moves with what when you're making these deposits. It's too micro...I mean what about macro things, like banking relationships right? How about that Citi? + +[https://www.cnn.com/2001/US/09/26/inv.drug.money/index.html](https://www.cnn.com/2001/US/09/26/inv.drug.money/index.html) + +>"Levin cited a 1996 State Department report that said bin Laden reportedly provided the AlShamal Islamic Bank with $50 million in start-up capital....T**he AlShamal bank's Web site cites correspondent relationships with major banks in financial capitals, Levin said, including three in the United States: Citibank, American Express Bank and the Arab American Bank, the latter recently purchased by the National Bank of Egypt.**" + +Oof ok. + +Let me try again with my personal fan favorite, UBS? + +&#x200B; + +[When you think of UBS, think CrImE, ...but with like Swiss toblerones](https://preview.redd.it/d67wad9n1ea81.png?width=1200&format=png&auto=webp&s=34ef4d0a35e86b9755659f1e35a1235687c749b5) + +[https://www.newyorker.com/magazine/2006/09/11/osamas-bank-account](https://www.newyorker.com/magazine/2006/09/11/osamas-bank-account) + +>Not long ago, there arrived at the courthouse, as an exhibit, an unusually complete set of bank records—the records for Account No. CO-565,167.0, at the former Swiss Bank Corporation, now UBS, which describes itself as the world’s largest wealth manager... +> +>On August 17, 1990, in Geneva, Omar and another of Osama’s half brothers, Haider bin Laden, signed documents to open Account No. CO-565,167.0. They declared, in writing, “as holder of the account” that “the beneficial owner of the assets to be deposited with the bank is Mr. Osama M. Binladin.” No other owner was named. + +[https://www.thetimes.co.uk/article/bin-laden-had-access-to-swiss-bank-account-80dd2kfb9k8](https://www.thetimes.co.uk/article/bin-laden-had-access-to-swiss-bank-account-80dd2kfb9k8) + +>**OSAMA BIN LADEN had use of an account at UBS, one of the biggest banks in Switzerland, even after he was designated a financier of international terrorism by the American Government.** + +Just kidding. Go fuck yourself UBS. + +&#x200B; + +And to take it home, some fun facts about Wedbush per u/jteta12: + +>"Remember when Wedbush analyst Michael Pachter called Ryan Cohen a fraud. This is Wedbush today...."The Securities and Exchange Commission announced today that Wedbush Securities Inc., a California-based broker-dealer, has agreed to pay more than $1.2 million to settle charges arising from the unlawful unregistered distribution of nearly 100 million shares of more than 50 different low-priced microcap companies, and from Wedbush’s failure to file suspicious activity reports (SARs) pertaining to those transactions. + +&#x200B; + +https://preview.redd.it/enzu0e9v1ea81.png?width=1170&format=png&auto=webp&s=9e721cbdfdfd5620e8eb10b992acac1a8aa583a0 + +[https://www.sec.gov/news/press-release/2021-261](https://www.sec.gov/news/press-release/2021-261) + +Want even more fun? Check here or the SEC site itself: [https://violationtracker.goodjobsfirst.org/parent/wedbush-securities](https://violationtracker.goodjobsfirst.org/parent/wedbush-securities) + +From my smooth brain, it seems they've racked up nearly 17 million in fines from the SEC/FINRA since 2000, not including the fine from 3 weeks ago? Many mainly against investor protection rules? + +>[https://www.sec.gov/news/press-release/2019-99](https://www.sec.gov/news/press-release/2019-99)The SEC's order finds that Wedbush improperly obtained pre-released ADRs from depositary banks when Wedbush should have known that neither the firm nor its customers owned the foreign shares needed to support those ADRs. **Such practices resulted in inflating the total number of a foreign issuer's tradeable securities, which, in turn, resulted in abusive practices such as inappropriate short selling and dividend arbitrage.** + +"Inappropriate short selling"? you don't fucking say + +&#x200B; + +Maybe Wedbush and Michael Pachter need to learn about following the rules from big banks. Just kidding, there are no rules for all of these fuckers. + +**TL;DR: Big banks like HSBC led the charge in helping al Qaeda but no peeps about that from MSM. Also Michael Pachter's Wedbush has had nearly 17-20 million in fines since 2000.** + +&#x200B; + +&#x200B; + +https://preview.redd.it/x2alifc51ka81.png?width=560&format=png&auto=webp&s=0d17b31e2e727de1fdfdd743e0c41778a4bcaca6 + +[P.S. TIL about Al Qaeda and why HSBC is able to help fund them...OP got receipts...from al Qaeda](https://preview.redd.it/8qtyfw78yea81.png?width=299&format=png&auto=webp&s=070800533a615ed12dbc27963988554724504c9d) + +EDIT: PS: Just realized, I could add one of my "favorite" TIL facts about al Qaeda. The "stereotype" of groups like al Qaeda being "hideouts in desert caves" is BS. It's why many don't realize that groups like this (or cartels like Sinaloa) use big banks like HSBC, UBS to finance their activities (and I'm sure those banks want us to think those groups are ignorant and in the middle of nowhere). But want proof for al Qaeda? They have newsletters like Inspire in 2010 ([https://en.wikipedia.org/wiki/Inspire\_(magazine)](https://en.wikipedia.org/wiki/Inspire_(magazine))) and Al-Thabat in 2020 ([https://www.mei.edu/publications/schism-jihadism-sahel-how-al-qaeda-and-islamic-state-are-battling-legitimacy-sahelian](https://www.mei.edu/publications/schism-jihadism-sahel-how-al-qaeda-and-islamic-state-are-battling-legitimacy-sahelian)). + +&#x200B; + +**But my favorite fact is they have financial managers that are on your ass even for expense reports:** + +>When you think about how Al Qaeda operates, you don't expect to hear about what is effectively a human resources department, or an intricate finance department, but apparently those both exist within Al Qaeda, [according to the Associated Press](http://bigstory.ap.org/article/060-cake-al-qaida-records-every-expense), which found a box of Al Qaeda documents left behind in Timbuktu, Mali. **The most interesting discovery was a meticulously kept trail of receipts for everything from groceries to oil purchases during the group's short stint there...** +> +>Apparently Al Qaeda keeps track of each and every receipt for each and every expense as part of a complicated accounting system meant to govern its many smaller factions spread across the world. "They have so few ways to keep control of their operatives, to rein them in and make them do what they are supposed to do. **They have to run it like a business**...The strict financial responsibility is a trait given to the group by former leader Osama Bin Laden, [who ran million dollar corporations](http://www.pbs.org/wgbh/pages/frontline/shows/binladen/who/bio.html) before the terror group. + +[https://www.theatlantic.com/international/archive/2013/12/al-qaeda-are-strict-about-keeping-track-their-receipts/356552/](https://www.theatlantic.com/international/archive/2013/12/al-qaeda-are-strict-about-keeping-track-their-receipts/356552/) + +This is NPR (even mentions a Redditor's comment on the find): + +>From its earliest days, al-Qaida leaders insisted on receipts. If fighters were buying a car for an operation, or even disk drives and floppy disks for their computers, they were required to return to base with a precise accounting of everything they had spent. ... +> +>"One of the first big troves of intelligence on the group was discovered in the fall of 2001, shortly after the U.S. invasion of Afghanistan. Ground troops found literally hundreds of thousands of pages of records in al-Qaida safe houses. \*\*\*\*The documents laid out al-Qaida's founding bylaws; they included personnel records and receipts for explosives. There were stacks of files and detailed HR policies....\*\*\*\*The seized documents showed that al-Qaida paid an unusual amount of attention to its fighters and their families. Married members were allowed to have seven days of vacation for every three weeks worked. Bachelors got five days off a month." + +(EDIT 2: I'm sure many of you saw this but the irony isn't lost on many of you Americans who see that even goddamn AL QAEDA has better time off polices than they do at their current jobs while your pay & livelihood is eaten away by inflation and your savings to avoid inflation are then turbofucked in capital markets by Citadel and co...) + +Here's a similar take on the Sinaloa drug cartel that HSBC helped to finance: + +>"In the *New York Times Magazine* last June, Patrick Radden Keefe explored how the bloody Mexican drug organization Sinaloa [functioned, essentially, as a multinational corporation](http://www.nytimes.com/2012/06/17/magazine/how-a-mexican-drug-cartel-makes-its-billions.html?pagewanted=all), as complex in its operations as Amazon or UPS. **In this case, too, the organization's illicit activities and its staggeringly violent toll tend to overshadow the familiar, mundane structures at work underneath. Sinaloa, in Keefe's description, has to grapple with the same boring export-and-trade issues — distribution, fees, subcontractors, insurance — that any large company has to deal with.** +> +>Asked whether any discoveries in his reporting surprised him, [Keefe said](http://6thfloor.blogs.nytimes.com/2012/06/18/behind-the-cover-story-patrick-radden-keefe-on-the-sinaloa-drug-cartel/): +> +>"A lot of it was the ways in which Sinaloa deals with mundane dilemmas facing any business. There were the insurance policies on loads of cocaine that some of the Colombian cartels have offered, or the fact that when a load gets confiscated by authorities, traffickers will try to find a newspaper clipping about the bust, or even ask the authorities for a receipt, to prove that they didn't steal the drugs themselves." + +**If the theory in your mind is that these are random fighters in Afghani deserts or the Mexican borderlands, its easy to think it's not connected. When you realize they have troves of expense reports and subcontractor insurance policies, it makes sense HOW they are just able to be financed by HSBC, UBS, and the like....** + +[https://www.npr.org/2013/05/29/187147334/even-terrorists-have-to-fill-out-expense-reports](https://www.npr.org/2013/05/29/187147334/even-terrorists-have-to-fill-out-expense-reports) + +&#x200B; +Hi there my first post here on realestateinvesting. +I have two LLC companies. The first is registered as real estate investing company and second one as a general contractor. I'm planning on buying properties for renovations (flipping) with the first company as an investor. And I want the second company to be the contractor to fix the properties and bill the first one for the labor and materials. +Both companies are llc and I'm the owner and the only employee. +Is this legal by the IRS and any other laws? +Thanks for any help. + +Add: +Thanks for the help. I forgot to add that the two companies are classified as S corp with Irs so I'm mainly trying this for more tax write off. I have a good accountant too and I think it might work good. Some of you may have a lot more experience than me in this kind of matters so I'll appreciate every advice 😌 + I don’t want to waste the money and I am a student right now so I can’t put it down on a house as I couldn’t pay a morgtate whilst at university. + +Inflation is ridiculous, I want to use the 30k to make more. Not lose value, plus I am studying and desperate for cash at times so no doubt I will need bits and end up not replacing it I keep it. + +What’s the best way to use the 30,000 to make more money? Preferably, without taking up considerable time as I am studying. + +Any smart investments? +Anything regarding property that I could do? Not sure due to high morgtate interest currently. + +Trading, crypto are a no. Been there done that, it takes over my life as I get obsessed and it can be lost so quickly and it would be a waste. + +Any genuine recommendations of how best to manage the money? + +I know to some this is minor amounts of money in the scheme of things but if I use this right, I can set myself up for life after university. Not expecting to be rich and never have to work but I could at least have a big deposit for a house accumulated or to set up a business etc. + + +#’Retail’ brokerages are not retail’s friend. Fidelity is no exception. + +Even if they are the ‘nicest of the bad guys’, all they care about is making $, and self preservation. They don’t ‘care’ about you - YOU are their product, just a means to make them money. And if they were at risk of failing net capital requirements in january - they’d have shut the buy button off too. They could have been a day or two away from just that, and there’s no way we’d ever know. + +I recall from ‘naked short and greedy’ - that securities lending yields billions in profit each year, and has seen exponential YOY growth for more than 2 decades. According to this site, that figure was $787 million last month alone. + +https://finadium.com/datalend-787-million-in-securities-lending-revenue-in-november-2021/ + +This isn’t profit from short selling. This is profit just from ‘lending’ shares to short sellers. Take a moment to think about who actually ‘pays’ for all that. (Hint: it’s everyone who bought and owns stock in hopes it will go up in value) + +#GME apes are the perfect target for share lending + +Think about it: these investors buy and hold a stock that has been notoriously sold short. There’s little risk to having to recall shares lent out, because apes don’t sell. + +Fidelity isnt even listed as an institutional holder of GME on bloomberg terminal as of last week + + https://www.reddit.com/r/Superstonk/comments/r57zsq/29112021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +So where the fuck are they getting these millioms of shares for loan? No one knows for sure because there isn’t a shred of transparency in share lending & short selling reporting. As such, until Fidelity opens their books for audit, I argue it is YOUR shares being lent. PROVE me wrong, or accept it. + +We’ve learned a lot about share ownership vs share entitlement this year. Shares ‘owned’ in your fidelity account aren’t actually yours, but rather are held in Fidelity’s ‘street’ name within the dtcc, on your behalf. So, you give fidelity money for a share, you own an IOU for that share - and in return, they get the ability to make money loaning that share out to a short seller, so they can attempt to use it to artificially inflate supply, slap the bid, and drive the price down. Translation: Fidelity is making money by allowing others to use your investment capital to bet against you, using an extremely unfair mechanism: short selling. + +#Trojan horse? + +Disenfranchised by robbing hood and other brokerages who deleted the buy button - Fidelity siezed the opportunity and pretended to be apes best friend, using the massive size of their AUM as an attractive selling point that went hand in hand with mark cuban’s quote from bets sub (verbatim) ‘…next time find yourselves a broker with trillions AUM that won’t blink when the fight starts’. + +It made a lot of sense at the time to dump robinhood and move to fidelity, but as we now know - all fidelity saw was an opportunity to money off of us. I’m ok with that, to an extent - they are a business after all, and businesses need to make profit. + +You might ask - how could this make them money if they don’t charge commission? Sure, one could argue it’s for future commissions on options trading, mutual funds, retirement products and what not - and to some extent I’m sure that’s true. BUT more immediately - they knew how much money they could make lending one of the hottest stocks for short sellers, possibly ever, and the great ape migration would put untold millions of those shares right in their lap. They opened a reddit sub, engaged the community - really fluffed it up nicely by listening to ape requests like IEX routing, which i commend - but all the while, quietly - they’ve been helping short sellers put downward pressure on our favorite stock just to make a quick buck - while taking on INFINITE RISK for the shares being loaned out. + +#How could one of the biggest brokers, previously determined to be one of the safest, actually be one of the riskiest places to hold your GME? + +Simple. Because we’ve got so many shares sitting in ape accounts there - they’re able to lend out more shares and take on more risk than anyone else. WHEN this squeezes, and the collateral held in lieu of shares on loan is dwarfed by skyrocketing share price and their very existence is threatened - you can bet your ass they’ll do the unthinkable, just like other brokers did in january. + +They can shut off the buy button, sell your shares without consent - or pretty much anything else they decide to do to protect themselves - because they’re not actually your shares, they belong to Fidelity. The best part is, they’ll do it in broad daylight without any consequence whatsoever. The regulators and Washington will have more awkward zoom meetings, maybe grill them for a couple hours and absolutely nothing will come of it. That’s a win-win situation. For fidelity. + +Will fidelity go insolvent during moass? Maybe. Maybe not. I’m not sure anyone can possibly forecast the damage this will do, or to whom. But the fact that they’ve exposed themselves to the same infinite risks that those on the other side of this trade have - doesn’t bode well for the safety of YOUR investment. I have no doubt fidelity will do what’s in their best interest. During moass - their best interest might differ a whole lot from yours. + +If fidelity wants apes to return to them after this is over, they will immediately cease and desist from GME share lending, and make retail GME share ownership transparent. There’s not a single place on earth we can go and ascertain how many shares retail owns. Nowhere. Want my trust and future business? That’s what it’ll take. Otherwise I’ll only continue to buy and hold through registered transfer agents, where my shares are MINE and cannot be lent out to 🌈🐻 fucks who seek to profit off ruining my investment using the most OP hack i’ve ever seen in gaming, or otherwise. + +TLDR; Fidelity is not your friend, but pretended to be so they could make money lending out untold millions of (your) GME shares, and in doing so - takes on the same infinite risk as short sellers while they’re on loan. The ONLY safe place for your shares is DRS @ Computershare. If you don’t have at least some shares there - you might miss the rocket entirely because you gave a brokerage complete control over a ‘once’ event. Not just once in a lifetime. Just “once”. + +It’s nice to finally see this sub come around on this. Purple circle your shares until something breaks 🚀🚀🚀 +TLDR: + +The official Avanza Twitter account posted the number of shares that were voted as "broker non-vote" back in May/June 2021. I asked them about the current number and they responded, showing a 60% increase. + +Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🧑‍🚀 + +The slightly longer version: + +Here is the original tweet, back in May 2021. + +&#x200B; + +https://preview.redd.it/qtdthtwslec81.png?width=599&format=png&auto=webp&s=0fb7ab7ab67eaed8d35a66e281f6a49536524645 + +Source: [https://twitter.com/avanzabank/status/1397874363056197633](https://twitter.com/avanzabank/status/1397874363056197633) + +My DM conversation with them, starting last Friday: + +&#x200B; + +[Part 1 \/ 2](https://preview.redd.it/8rr8foy9mec81.png?width=569&format=png&auto=webp&s=5eebe01389fa4ce8b6432722e4280782d4f71beb) + +&#x200B; + +[Part 2 \/ 2](https://preview.redd.it/llwbeyxdmec81.png?width=556&format=png&auto=webp&s=395fc48d16f1185bd104e0c19987f7dba23f8d1c) + +\---- + +Edit: fellow ape u/SimpsonsReferencer actually tweeted at them on Friday as well and got an response, just in case anybody was doubting the numbers. + +&#x200B; + +https://preview.redd.it/jgg3alscpfc81.png?width=579&format=png&auto=webp&s=86e3f356875c29c1464b61df10b30138bfe34e0f + +[https://twitter.com/avanzabank/status/1483091516579057671](https://twitter.com/avanzabank/status/1483091516579057671) + +\--- + +So, in May 2021 22.023 Avanza shareholder held 322.545 shares of GameStop. + +Today, 20.902 shareholders hold 511.178 shares. Source for shareholders: [https://www.avanza.se/aktier/om-aktien.html/194698/gamestop-corp](https://www.avanza.se/aktier/om-aktien.html/194698/gamestop-corp) + +**95% of holders have diamand hands and they overall increased their shares by nearly 60%!** + +What else can we deduct form this? + +The number of average shares at Avanza increased from 14.6 to 24.5. That´ is an increase of nearly 70%. + +And the current number does obviously not include already DRSed shares. + +If this overall increase in shares in retail hands is the same worldwide and i do not see why it should not be the case, this confirms two things for me: + +**We have diamond hands!** + +**Hedgies are fuk.** + +&#x200B; + +And all you corrupt "journalists" and coke rats of this world: you can shove all your "retail has sold" articles up your peehole. + +&#x200B; + +I am hyped about this new information, if there is any doubt about the authenticity of my conversation, i am happy to verify it with a mod or some other credible member of this awesome community. + +Now, excuse me, i will sell my kids bikes to get more shares while the crooks keep digging their own holes. + +DRS is the way, dont let the FUD get to you. We already won, the only question is when the match will be over. + +\---- + +Appendix: float calculation updated + +Editedit: here's a newer version of the calculation https://www.reddit.com/r/Superstonk/comments/s7btza/calculating_the_retail_owned_shares_in_the_most/ + +Edit: Avanza only serves Sweden, not the whole Scandinavia which i assumed first, making the projections much more bullish. Thanks to u/OneTwoOut for pointing that out. + +&#x200B; + +[Shoutout to their Twitter team, awesome response time](https://preview.redd.it/2wow2pd02fc81.png?width=365&format=png&auto=webp&s=22baaa1116db22140cca6abdda28fa1dbb201241) + +I made posts in the past based on some average assumptions and the Avanza and Nordnet shareholder numbers. In my last post about this i took the DRS bot average and assumed that only Avanza and Nordnet exist as brokers in ~~Scandinavia~~ Sweden. Obviously the bot average was to high. + +Avanza themselve published their market share last year ([https://investors.avanza.se/files/pdf/Presentations/2021-05-03\_Bolagspresentation\_ENG.pdf](https://investors.avanza.se/files/pdf/Presentations/2021-05-03_Bolagspresentation_ENG.pdf)), showing that they have an about 18% share (right-most column): + +&#x200B; + +https://preview.redd.it/z40axx2fqec81.png?width=1119&format=png&auto=webp&s=34fa85876e9c54301f043fadaec1fb68928a5315 + +They also state that their average customers age is on the younger side: + +&#x200B; + +https://preview.redd.it/0i8nlntpqec81.png?width=1098&format=png&auto=webp&s=fcdb70f741bde7f46a7c49ba76ec46522a47cf61 + +and obviously the savings are much less in the younger age range: + +&#x200B; + +https://preview.redd.it/wfe9lzktqec81.png?width=966&format=png&auto=webp&s=a24353be9cfdfaf08ab424bb528586a1488797c9 + +With all this i updated my model, assuming the 25 avg for ~~Scandinivia~~ Sweden as reference and also assuming 100k holders in ~~Scandinavia~~ Sweden (20.000 at Avanza, \~20% market share). + +It disregards that older holders at other brokers probably have a much higher average - on the other hand there are most likely less holders in older age ranges. + +Swedes are more inclined to invest in the stock market, so those numbers might not be applicable in the way i did it. + +I think this is still in any case extremely conservative, because: + +a) Average shares and shareholder number in the US and Canada is probably much higher + +b) It completely ignores DRS + +&#x200B; + +Anyways, thats what my model shows for the Top 30 countries by GDP only, which only accounts for about 1/8 of the worlds population: + +&#x200B; + +https://preview.redd.it/myxfym5j1fc81.png?width=610&format=png&auto=webp&s=8e94b341d597ec2ca161f506969f1f70a5110978 + +&#x200B; + +Take this with a big grain of salt. But there is no doubt in my mind that we owned the float in June last year - probably multiple times - and the Avanza data shows a very significant increase since then. + +Also the DRS bot and the GCS surveys for US and Germany showed a much higher average (iirc \~60 to 155 should be the range from that) and also a lot more hodlers. +Well well well we meet again. + +Buckle the fuck up this isn't a string post like last ones. + +Lets meet our new #1 enemy Carl Icahn. + +TLDR: Carl Icahn has put himself in the middle of teetering companies and has failed over and over and over again.. on purpose, to profit off bankruptcy liquidations, penny bonds, shorts, naked shorts, and my guess is likely swaps associated with BNY Mellon. + +&#x200B; + +https://preview.redd.it/2s3rvbo1h5s81.png?width=732&format=png&auto=webp&s=736f7b7544858200b1d5ff713da79c0115893911 + +Dude worked for the Dreyfus fund, does the name ring a bell yet? + +More about Mr. Icahn.. + +https://preview.redd.it/4ek4112ci5s81.png?width=736&format=png&auto=webp&s=4498b215f9405bc5bae6b866e5886d8d5ebd0699 + +So he's also involved in the entire NYSE as well, heres the fun stuff so please read this slowly. + +https://preview.redd.it/asjzmxd8i5s81.png?width=690&format=png&auto=webp&s=0b9fa642266520c16e2c0998318d385cd7221ec6 + +BNY Mellon was the counterparty for at least a portion of the swaps we started unraveling before the FTCC suspending reporting for TWO FUCKING YEARS. + +Can read more about that here! [https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwje-Yyt1IL3AhX-kWoFHbe6BjYQFnoECAoQAQ&url=https%3A%2F%2Fwww.reddit.com%2Fr%2FSuperstonk%2Fcomments%2Fq86kk5%2Fholy\_shit\_i\_think\_i\_have\_figured\_out\_741%2F&usg=AOvVaw0qu6henkzQg0NVwTRr5roA](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwje-Yyt1IL3AhX-kWoFHbe6BjYQFnoECAoQAQ&url=https%3A%2F%2Fwww.reddit.com%2Fr%2FSuperstonk%2Fcomments%2Fq86kk5%2Fholy_shit_i_think_i_have_figured_out_741%2F&usg=AOvVaw0qu6henkzQg0NVwTRr5roA) + +Enter DFV: + +https://preview.redd.it/pram6rxcn5s81.jpg?width=812&format=pjpg&auto=webp&s=ce1101f7bba9633c518cb30853cafc4e1577cc0b + +&#x200B; + +https://preview.redd.it/lqus56oin5s81.png?width=873&format=png&auto=webp&s=c780ccc52460479bbcd693ce9dcb6546db2e21c4 + +Yep. The Julia Dreyfus Family Wealth is literally the fund that BNY Mellon bought out.. yep that Julia.. yep that BNY. + +Looks like their fund is working its way up the institutional holdings of GameStop..could be a hedge for their shorts, could be control and I will explain later in this post. + +&#x200B; + +https://preview.redd.it/hy05ljsbl5s81.png?width=626&format=png&auto=webp&s=5fa17ef1b55079e892ddb46549f42a5c8a1a4008 + +More about Mr. Icahn.. + +https://preview.redd.it/qbik93yki5s81.png?width=537&format=png&auto=webp&s=7031831a7e01f6fe29b846edad78876311718b6c + +&#x200B; + +https://preview.redd.it/fqwrfnkij5s81.png?width=609&format=png&auto=webp&s=afc5328dcc8ce4d96596014cfdee7bbe7e4def85 + +https://preview.redd.it/fbe9gspoi5s81.png?width=710&format=png&auto=webp&s=f7a41fb60ec3029730ac5de2e3054493563934f1 + +My understanding is this: + +\-Icahn started out as an activist investor wanted companies to do well + +\-Icahn realizes he can make much more profits when his companies do not do well + +\-He is in control of these companies by appointed board seats + +\-He can guide them to bankruptcy while offloading his shares + +\-Maybe even mix in some long positions with their competitors as well why not? + +\-It also looks like he made a massive return on Netflix years after all of this blockbuster stuff happened + +&#x200B; + +Villain Origin Story: + +https://preview.redd.it/0mnvzodck5s81.png?width=852&format=png&auto=webp&s=4f61c0fec860c7e7663b99b7f4e2e14dd65f3730 + +My guess is that this was his origin story, he actually tried to save this company but ended up realizing how easy it is to bankrupt teetering companies with a little bit of price-cutting and other maneuvers like idk naked shorting the stock to nothing, dude is associated with BNY and quite literally bought a seat at the fucking New York stock exchange. + +&#x200B; + +https://preview.redd.it/bc94eg08r5s81.png?width=702&format=png&auto=webp&s=a3d7c5d2791262b521d0230ab8aad6e24d1946b6 + +Icahn has over FIVE BILLION in just realized "losses" in the last 7 years.. my man can't catch a break! /s + +Seems like this once "corporate raider and activist investor" just keeps buying massive positions into failing companies and speed runs their bankruptcies.. + +Name of the game is board seats people. + +&#x200B; + +https://preview.redd.it/v9a1394nq5s81.png?width=727&format=png&auto=webp&s=42c70b1bc7112d15c61afd2a75068765a4c92dfb + +&#x200B; + +https://preview.redd.it/hlg4vfepq5s81.png?width=754&format=png&auto=webp&s=ece2b426562971432153ac1c1b5bee0ac0869f1a + +Aaaaaaaaaaand its gone, that one was really fast. + +&#x200B; + +[2019](https://preview.redd.it/w1rmeu8uq5s81.png?width=985&format=png&auto=webp&s=874f762abc5ced7ce57fe381d76f7639b869b3ee) + +&#x200B; + +https://preview.redd.it/zv00a9g4r5s81.png?width=736&format=png&auto=webp&s=7fad6e57f1ddee156ce6049b5f3de68dc9e8f30f + +Hmm an article about Icahn shorting retail stores in early 2019... + +Hmm a connection with the dreyfus fund / swaps / BNY + +My guess is this man shorted the shit out of GME, realized he was in danger and created swaps to hide it. + +Citadel and BNY Mellon share the same prime broker: **Goldman** + +Basically prime brokers are the ones responsible for the underlying assets involved. + +When shit hits the fan prime brokers step in. + +&#x200B; + +Also conveniently last year it appears that **BNY Mellon was silently overtaken by Goldman from the inside.** + +[https://www.reddit.com/r/Superstonk/comments/q50q3j/was\_bny\_mellon\_taken\_over\_by\_goldman\_from\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/?utm_source=share&utm_medium=web2x&context=3) + +So if these swaps did go tits up Goldman intervened to manage them and keep the market from collapsing and the swaps going fucking berserk. + +**Remember this little gem?** + +&#x200B; + +https://preview.redd.it/fjo89ipdy5s81.png?width=429&format=png&auto=webp&s=f7c23e964937b606dafd0c6f38ddd7fa53a01899 + +Back to our beloved Chair-Man and his fight for board seats at BBBY: + +&#x200B; + +&#x200B; + +https://preview.redd.it/3u19mr2nr5s81.png?width=664&format=png&auto=webp&s=2d8d8c43b6d56ba694b61172422cf24d9969697e + +Somebody say Pillow Fights? + +Dude sees Icahn taking ownership of these companies and routing them to bankruptcy, Cohen swoops his usual go-to solicitor and then gets 3 board seats approved. + +**Why does Cohen have something to lose if these other companies fail?** + +**A: ETFs and weighted options** + +At this point he is well aware GME is looped into this retail basket and 60% of them are probably not going to make it past 10 years. + +He needs them to do well or at least be not flooded with naked shorts so that his own stock price can take the ankle weights off and start running. + +How does he plan on doing this? + +**Brick by Brick** + +Brick and mortar by brick and mortar will be brought onto a tokenized blockchain exchange and rid this predatory naked shorting we call a free-market. + +Shit even Sears owners wrote a FIERY message to the current board during their bankruptcy stages saying they were irate as fuck about naked shorting and them not doing anything about it yet being profitable for the majority of their final years. + +Once one is shown to be successful I'm sure more will be thrilled to hop in. + +Then the entire fucking mall will short squeeze these slimy fucks and they'll die by their own demise. + +&#x200B; + +**Please add more if you find more I'm sure we can dig up some skeletons.** + +*Recipe:* + +\-Take ownership stake + +\-Replace board + +\-Cut growth spending + +\-Stagnate sales + +\-Hire expensive consultants with built in million dollar fees + +\-Naked short + +\-Unload your ownership stake to drive the nail in the coffin + +\-Profit + +&#x200B; + +&#x200B; + +*Alternative recipe* + +\-Overhype/bloat the company+revenue/products pre IPO and then + +\-(optional step) dump ass of restricted stock ($WORK) + +\-Watch investors run when they realize shit don't add up + +\-Collect short $ + +**EDIT: The hive mind wins again! Thanks to commenters here we have this gem as well.** + +&#x200B; + +https://preview.redd.it/hkh2736827s81.png?width=580&format=png&auto=webp&s=d6112be8ce0bb50dbd5bc6e03ec42467366b1bee + +&#x200B; + +&#x200B; + +https://preview.redd.it/bk41jzta37s81.png?width=591&format=png&auto=webp&s=fecf1f7abbf7e23990bd2ab2d4c493c5e9780270 + +https://preview.redd.it/lkbtvze327s81.png?width=908&format=png&auto=webp&s=13b1be548954eae9fb65da1698010e71a09d6318 + +**Steve Cohen, Ken Griffin, and Carl Icahn walk into a bar....** + +Must be nice to invest racks in oil refineries and then extort our regulatory committees to ensure they're profitable, this country is so fucked lol. + +[https://www.newyorker.com/magazine/2017/08/28/carl-icahns-failed-raid-on-washington](https://www.newyorker.com/magazine/2017/08/28/carl-icahns-failed-raid-on-washington) + +***\*Insert "Gangs All Here" Meme.exe\**** + +"The *reverberations* of fiscal and monetary policy are likely to be more severe to humans than any climate or societal disaster." -Ryan Cohen + +Cheers! + +&#x200B; + +credit to: [u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) and [u/Hopeful\_Assistant196](https://www.reddit.com/user/Hopeful_Assistant196/) they are doing insanely great digging and an unsung heros of the sub. + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/r5zgi7/741\_seinfeld\_and\_billions\_of\_illegal\_naked\_shorts/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/r5zgi7/741_seinfeld_and_billions_of_illegal_naked_shorts/?utm_source=share&utm_medium=web2x&context=3) + +READ UP + +&#x200B; + +&#x200B; + +&#x200B; +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’m on a placement year currently in another city so this isn’t relevant for a few years time but I’m in the somewhat strange/lucky situation of having my mother rent a flat in central London. Brother is currently in the spare room but he’ll be gone by next year. + +I’ll be on a grad scheme when I finish uni but absolutely love London and would like to live there. Just wondering if it’d be socially terrible / embarrassing to live at home for a few years because my mother wouldn’t charge me rent for using the spare room? I’ve lived away from home plenty before and am doing so currently and would feel perfectly independent etc but it almost feels stupid to live several zones out and pay £800-1000 a month for a room in a hmo when I could just stay rent free in central? Mum would be okay with it but I’m just wondering on your thoughts because I’ve always done the other path and feels like I’d like to save more money. I’m currently in another city for my placement and pretty frustrated with myself when I could have done it in London and saved all the rent money! Like the experience is nice but is it £8k nice? I’ll be 24 when I graduate tho so I don’t know if that’s a bit old…just wondering on your thoughts? + +Edit; I’d contribute towards somethings but she wouldn’t take much from me to making up for some difficult situations I had in my childhood where living situations affected me severely so she said she’d be happy to help me get a deposit together but obviously it couldn’t be in London + +Edit 2: thank you very much for the responses. Really appreciate all the advice. I won’t respond to them all as there are lots but I have read them all and really appreciate all your thoughts. +Interesting research paper on early retirement. Conclusion: + +"We find that the reduction in the retirement age causes a significant increase in the risk of dying before age 73 and a significant reduction in the age at death among men. Specifically, an additional year in early retirement increases men’s probability to die before age 73 by 1.85 percentage points (equivalent to a relative increase of 6.8 percent) and reduces the age at death by 0.2 years." + +http://ftp.iza.org/dp11851.pdf +From their [TOS](http://www.equifax.com/terms/): + +>AGREEMENT TO RESOLVE ALL DISPUTES BY BINDING INDIVIDUAL ARBITRATION. PLEASE READ THIS ENTIRE SECTION CAREFULLY BECAUSE IT AFFECTS YOUR LEGAL RIGHTS BY REQUIRING ARBITRATION OF DISPUTES (EXCEPT AS SET FORTH BELOW) AND A WAIVER OF THE ABILITY TO BRING OR PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE ACTION. ARBITRATION PROVIDES A QUICK AND COST EFFECTIVE MECHANISM FOR RESOLVING DISPUTES, BUT YOU SHOULD BE AWARE THAT IT ALSO LIMITS YOUR RIGHTS TO DISCOVERY AND APPEAL. + +Before people say this is just for general Equifax products, if your information is found, ~~you are automatically subscribed to their TrustedID service.~~ Wrong on my part; you're given a date to manually enroll. The fact that by signing up, that you sign away your right to sue is still important. + +Also, can we talk about how sketchy this website is by itself? + +Here's the WHOIS for [equifaxsecurity2017.com](https://www.whois.com/whois/equifaxsecurity2017.com): + +>Registrant Contact + +>Name: Domain Administrator + +>Organization: DNStination Inc. + +>Mailing Address: 3450 Sacramento Street, Suite 405, San Francisco CA 94118 US + +>Phone: +1.4155319335 + +>Ext: + +>Fax: +1.4155319336 + +>Fax Ext: + +>Email:admin@dnstinations.com + +WHOIS for [equifax.com](https://www.whois.com/whois/equifax.com): + +>Registrant Contact + +>Name: Domain Admin + +>Organization: Equifax Inc + +>Mailing Address: P.O. Box 740006, Atlanta GA 30374-0006 US + +>Phone: +1.4048858000 + +>Ext: + +>Fax: +0.0000000000 + +>Fax Ext: + +>Email:hostmaster@equifax.com + +They're literally doing the exact thing a financial website shouldn't do. Rather than devoting a subdomain of the Equifax website like where they made the announcement, [investor.equifax.com](https://investor.equifax.com), they registered a domain that literally anyone could register. Yes, they did [announce it in a press release](https://investor.equifax.com/news-and-events/news/2017/09-07-2017-213000628), and many sources have reported on it, such as [WIRED](https://www.wired.com/story/how-to-protect-yourself-from-that-massive-equifax-breach/), [Ars Technica](https://arstechnica.com/information-technology/2017/09/equifax-website-hack-exposes-data-for-143-million-us-consumers/), [Snopes](http://www.snopes.com/2017/09/07/equifax-data-breach-exposes-identity-theft/), and more. Even still, this was just a giant fuck up on their part, especially since it was revealed that they delayed the release of the fact that the breach happened while [multiple shareholders divested from the company](http://abcnews.go.com/Technology/wireStory/equifax-executive-sold-stock-hack-revealed-49692899) to avoid the shitstorm that they knew would hit their stock. +What trade strategies are known to be possibly profitable? + +1. Momentum indicators and machine learning to predict closing price are rubbish and do not work. Dead-end ahead. +2. Triangular arbitrage is possible to be profitable on currency and cryptos. This is given your cost of trade is low enough competing against institutionals who have large volume benefits. +3. Natural Language Processing (NLP) from social media \*should\* be realistically possible for NLP to predict movement and then place large leverage trades. +4. Price relationships between 2-3 assets should be possible to predict for leveraged trades (ie. slowdown in construction & iron lags copper prices). + +I have mentioned arbitrage, NLP, and price relationships for leveraged trades. +Are any key strategies missing from my list above? + +Thanks +Here's the situation: + +Wife and I are 36 and 34 respectively, no kids but really want to have at least one so time is ticking. + +As of today my 401k sits at around 50k. + +We make a combined 95k, should go up by another 10k in the next 2 years, we live in the NY suburbs. + +30k in credit card debt that kept us and our immediate families on our countries of origin afloat during the pandemic... Obviously zero savings due to throwing everything we can to pay off the CC debt. + +20k of that CC debt is on 0 APR cards until August of next year. So we are trying to pay off the other 10k first to lower the amount of interest we pay. + +At our current pay and after all expenses including 2 car payments (which we both need due to our commutes and should have paid off within 2 years) we are able to chip away about 1000 a month on our debt. + +At this pace it will take a long time to be able to afford moving out of our cheap rundown studio into a house to start a family... this debt is just crushing me man I am losing sleep over this and wish I could just make it dissappear tomorrow. + +I know that cashing out a 401k is strongly advised against but I don't see another way out. I'd probably be left with like 30k or so after paying penalties... just enough to completely pay off our debt and then we could really start saving for a house. My wife has about 10k in her 401 but we are not touching that regardless, I feel like I'm still "relatively" young to rebuild my 401k + +What do you guys think of this situation? +Official teaser trailer- [https://www.youtube.com/watch?v=yVwhQmRpvuY](https://www.youtube.com/watch?v=yVwhQmRpvuY) + +Many of you have heard about GMR before. We have been working very diligently on the vision we talked to you about before, and our upcoming game is very nearly complete! Check out the trailer above for some HYPE! + +Coming before the end of this year, GMR's flagship game offering, Battle LEET, is an arena-based battle game built on the BNB Chain. Fight LEET on LEET in this 3D skill-based game. Discover new ways to activate your Non-Fungible Leets as you bring them to life in the arena. + +## Play To Earn, Play To Create + +In this multi-round battle game, gamers win rounds to earn $GMR and by winning enough rounds they win the battle and collect Parts. By assembling those parts in the Assembly Menu gamers have full control over their Battle LEET! You can choose to deploy your newly assembled Battle LEET into the arena, or sell it in the NFT Hub! + +## No LEET, No Problem! + +Non-Fungible LEET holders will benefit from increased abilities inside the arena, as these special NFT characters come with a host of assets that the regular Battle Leets do not possess .Holding a Non-Fungible LEET is not the only way to participate. Gamers without one can purchase a Battle LEET and jump straight in. You can deck out your Battle LEET by purchasing Asset Packs using $GMR right from the GMR Center, or by winning them inside the arena! Battle LEETs are incredibly fine-tuned machines, but despite this, they typically find it hard to match up against Non-Fungible Leets, especially some of the rarer ones. To help even the playing field, gamers can pair up their Leets with a companion, computer-controlled, NFT character called a Battle Droid. Each Battle Droid has specific abilities that will fight on autopilot alongside your LEET (Battle LEET or Non-Fungible LEET). + +## Battle Droids + +Battle Droids are small autonomous NFT bots, that you can purchase from the GMR Center to boost your Leets chances inside the arena. Battle Droids belong to one of four skills groups, each with a specific advantage. + +## Losers Weep + +Ok so losing doesn't have to be so bad! As each battle is multi-round, there is still the opportunity for gamers to earn $GMR from winning just one round! Characters that incur damage during the battle will eventually time out, to skip the cool-down, simply deploy another LEET or Battle LEET! + +Website: [https://www.gmr.center/](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa290VVhZUmxZN1Bka1NSUzQ4LWdzQzM4TXk2Z3xBQ3Jtc0ttY3p1THFNVjJDYjBScThVZXcySndNemxmX3lvV01mNGhDakxzUXYxbWY3am82WkIzblB3WFVVV1Y5eEc3V0MzT2pDRHRvU0lNMURpUW9uejc1dnFOaTYyclNZNTZfalg0dEdLTVpDMjllWENqMFVEQQ&q=https%3A%2F%2Fwww.gmr.center%2F&v=BK-pBx3dFe0) + +Twitter: [https://twitter.com/GMRCenter](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbFJidzJIb0t2UTRTVGppd2FIUTJmT3AyN20tUXxBQ3Jtc0tuWDhBVHpmTmo4WFNic1VyMmhINGtNOUhvRUptX0lheGhoVjZIcXN6WENkVjdIRDIzc3hPLTAtS3E4UkhWbjBkX0Q0RmpwR0g3NHBZOUswQ1dSVGM0Q0Exd3BhQk5ld25nVVNTMGdlS2NaZkFtM3hHRQ&q=https%3A%2F%2Ftwitter.com%2FGMRCenter&v=BK-pBx3dFe0) + +Twitter: [https://twitter.com/GMRMedia\_Center](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbjBTLVFDV3lSSFR4MjFwcWVtcktkdzJSblA4d3xBQ3Jtc0tuOFh0Z3d0QWdUbThkSnJIMVB3VXlHTThmQjFzZEdfOVlPN2VDTncxU2tCZjNIcDFkdENEWUQ1OXVrWXdZUW9ZQ3BfSHVXUkpqUnpsbGFmd2ZGR2RfUnlkTUx6eVdUYmlzNTc5LWd6X2FXM0ZHeWYyZw&q=https%3A%2F%2Ftwitter.com%2FGMRMedia_Center&v=BK-pBx3dFe0) + +Discord: [https://discord.gg/gmrcenter](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHZmQXhBdk0yRDh0elp4MnkyamwtcmJEaDdVZ3xBQ3Jtc0trZnRuXy1jVThzRHl5ZE01SFZycmFEZVVYUGw2eGktSFVZdi1GNDhZY3dTMVc5M2M4WmJZTjFLdEhVZ0ZDZnBGNTJIaEpfQURuUW93Si1GeENFYUxGcTJQUDY5TTROS3VVZGhFMURaXzg0Y2RPa3lROA&q=https%3A%2F%2Fdiscord.gg%2Fgmrcenter&v=BK-pBx3dFe0) + +Telegram: [https://t.me/gmrcenter](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbUxGcTVfdVJJSklVQ0s0QU5kSE1SNzJ6M2p1QXxBQ3Jtc0ttd0FWTUdHNnNfNzJVNDhYY1BkTHdUUExGY1FFQlhZcEFVOTZCdUlNNzdRZkY3ZEZyRU92VnNBaE1lQWZ2YjVVTWd6cnI5VzRPU2hfbXUzY29Nd3ZhOGpXQ3JxQklIQ0NWV1NFSnZBb2pScDl3UnlKaw&q=https%3A%2F%2Ft.me%2Fgmrcenter&v=BK-pBx3dFe0) + +Reddit: [https://www.reddit.com/r/GMRCenter/](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGM1UXBtMmNlN3RnMlpDemtOVWlQUXlESmZlQXxBQ3Jtc0ttN1NjQWtmQWZCM1BvU2lIOHdQci1JTDJMZ1REZG16T19oeUJLYUk2V2VGSldZTXBoeXRoU1dVd0lWY2JiMWNYVlhSektNQVlmdzBKbE5LUmZSM1FmejdPSHB2X1BZOWc3cG5SOV9zRzZqTGtFYmw2NA&q=https%3A%2F%2Fwww.reddit.com%2Fr%2FGMR_Finance%2F&v=BK-pBx3dFe0) + +Twitch: [https://www.twitch.tv/GMR\_Center](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbmhYV0xvUGIzR3M4cFlfT1d0Q0NaWXFXSG1JUXxBQ3Jtc0trUmZReDcweVpaNjBvRTBjV0Y3bWowSnVDLVRTUktIVVNmYUIxOXoyVlR5REpnRlZMOVlQN05BaEVYOHlGY00zdm9qN3JFMkl0Y0hqZ1FYZkFLenFtX1E0TkRadi1mVS1lNkRIcUtKaTRDSk9wTndFbw&q=https%3A%2F%2Fwww.twitch.tv%2FGMR_Center&v=BK-pBx3dFe0) + +YouTube: [https://www.youtube.com/GMRCenter](https://www.youtube.com/GMRCenter) +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* +Everyone must read this document. It will explain the fuckery which is ongoing with GME. This document is directly related to 2008 market crash! + +I looked this post: [https://www.reddit.com/r/Superstonk/comments/tdgo9i/nscc\_where\_ftds\_are\_discovered\_exclearing\_how/](https://www.reddit.com/r/Superstonk/comments/tdgo9i/nscc_where_ftds_are_discovered_exclearing_how/) + +There was mentioned these documents: + +[https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +[https://www.sec.gov/comments/s7-21-16/s72116-6.pdf](https://www.sec.gov/comments/s7-21-16/s72116-6.pdf) + +~~which are taken down by the SEC.~~ + +EDIT 2: Links working now. But reference links does not. Anyway, the content of the documents is pure dynamite... + +&#x200B; + +I found archived versions from web archive + +[https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +[https://web.archive.org/web/20211020114355/https://www.sec.gov/comments/s7-21-16/s72116-6.pdf](https://web.archive.org/web/20211020114355/https://www.sec.gov/comments/s7-21-16/s72116-6.pdf) + +&#x200B; + +[https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) explains what was going on with counterfeited shares ie. naked shorts when market crashed on 2008. All god tier DD's made by apes are talking about these things mentioned in PDFs SO 2008 FUCKERIES ARE STILL GOING ON STRONG!!! + +Read and learn, read and learn... + +BTW. someone has taken down also the references mentioned in [s70809-407a.pdf](https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) and covering up this shit! + +&#x200B; + +EDIT: + +https://preview.redd.it/uqi70zyk1cn81.png?width=1439&format=png&auto=webp&s=bc445058988504891402d96b0492033eda921ee9 + +**Oh boy! This is NUCLEAR... straight from the SEC's document!!!!** + +**Conclusion** + +Certain market participants, trading illegally, appear to be making a concerted effort to take down some of the most important financial institutions in the United States. Who would counterfeit shares of these vital U.S. institutions to cause their financial collapse without regard for the U.S. citizens? **It is not possible to carry out this massive fraud without the cooperation of large WallStreet firms and regulatory complicity, indifference or lack of competence. Some firms are blatantly selling shares that do not exist.** + +\*\*It is impossible to ward off the downward price pressure from counterfeit shares diluting a company‘s value. The entire nation‘s value is diminished when the counterfeiting of securities is rampant.\*\*Simply put, this is a defining moment in the history of the financial strength of the United States. **Other than home ownership assets, the largest U.S. household assets are tied to the stock market through retirement accounts. If counterfeiting continues, investment and retirement accounts will be backed by nothing but counterfeit shares, which they may already be holding insubstantial amounts.To conceal the fraud perpetrated on the retirement accounts is simple, manipulate the markets to crash**. The money previously plundered from these accounts remain in the hands of the counterfeiters and the statements sent by the **Wall Street firms to retirement investors will reflect a crashed market value of their assets, i.e., you lost your retirement savings.The counterfeiting of U.S. traded securities is nothing less than a fraud of epic proportions**. As with \*\*other illegal stock market activity, offshore shell companies are a likely depository of the ill-gotten gains.\*\*While U.S. citizens would like to trust that government regulators are putting the citizens first and protecting investors, this may not be the case. **The ownership and trading irregularities in Fannie Mae and Freddie Mac discussed above, seem so obvious, that surely our government would have taken the steps necessary to protect investors in these very important financial institutions from fraud in the market. Unfortunately, the facts do not support that the government did enforce the securities laws against fraud and market manipulation**.It is necessary for the United States to do everything within its power to recover the enormous amount of monies that have been plundered from this country and its citizens. Bring the few illegal dealers responsible for counterfeiting stock to justice in order to assure that this United States economic disaster will never repeat itself. There is simply too much at stake to do otherwise + +&#x200B; +Here's a Motley Fool "article" that came up on my news feed [https://www.fool.com/retirement/2019/01/21/maximum-401k-contributions-are-climbing-in-2019-he.aspx](https://www.fool.com/retirement/2019/01/21/maximum-401k-contributions-are-climbing-in-2019-he.aspx) + +&#x200B; + +And a quote: + +&#x200B; + +>For this reason, saving in your 401(k) has the potential to put you in a lower tax bracket, so you owe a smaller percentage of your income in tax. Currently, single filers making between [$77,400 and $156,150 pay 22%](https://www.fool.com/retirement/2019/01/07/how-will-the-new-tax-law-affect-retirees.aspx) on their income. If you are in the lower end of that range, a 401(k) contribution could move you into the lower bracket, where taxes are just 12%. If you make $80,000 per year, for example, and contribute $5,000, **your resulting income of $75,000 would be taxed at 12% rather than 22%.** + +&#x200B; + +&#x200B; +I came across a mint article explaining Coverd bonds today. From the article they seemed like a good investment Avenue as they are giving higher interest rates currently and are backed by a trust which gives priority to buyers ,plus it mentioned something called as credit enhancement where covered bonds have higher credit rating than the issuer. + +Just wanted to understand if someone has looked into these in this sub, and if they are a good Avenue to explore given the current low rates scenario. Thanks +QYLD has attractive yield of 12% average but with the massive decline it recently faced and its continued inability to rise with markets has left me quite disappointed with it. + +Assuming a 10% dividend yield on which one pays no tax at all. it looks like that one simply gets one's own money back for first 10 years. (Assume no drip) + +in other words, isn't this basically hoping to make some profit after 10 years>? +My grandmother died in 2016. My mother said if I want the house I can have it. The house she left has about $5500 in back taxes due and property is worth about 60k because the neighborhood is one of worst you can ever encounter (good ole New Jersey) However I was thinking about paying the back taxes and living there because I need to get out of my mom's house (no freedom) . The house also needs $2000 in kitchen work on the floors and walls but rest of the house is mint. Upstairs was completely remodeled 5 years ago. But as an investment and living situation, what do you guys think? I'm used to rough areas so I was thinking about giving it a shot. + +EDIT: The house is on New York Avenue in the City of Atlantic City New Jersey (across the street from the public housing projects) There is no option of selling CURRENLY. My family has made that pretty clear. Maybe 5 years from now but my grandmothers death is still kinda fresh for the family and doing so wouldn't be worth the hassle and drama. I also need my own place to stay after I finish saving this 10k by August. My mother owns the house and has stated that the deed will be transferred in my name if I agree that I will not sell the house. + I have been reading so many conspiracy theories about USDT and most involve a fundamental misunderstanding of market cap. Rising market cap does not mean dollars enter the market and falling market cap does not mean dollars are leaving the market. Here is a very simple example to illustrate why: + If for some reason EVERYONE woke up and wanted to get rid of their BTC (but NO ONE wanted to buy), the price would begin to drop as traders undercut each other and the market cap would go down. However, no money has left or entered the market. + Market cap simply reflects the cost of buying the entire token supply at current market value. It does not tell you about money entering or leaving the system. +Hi, today the fear and greed index has dropped to an all-time low to 10. I would you like to know your opinion, do you feel fear or not? + +Since my investment portfolio consists almost entirely of NEAR and ATOM, which almost did not fall, I feel good, and I can not objectively judge, what do you feel? +- It is not your divine right to see incredible gains in a matter of months. If you do, prepare to have them taken from you. It feels like you're doing something for this money because you can't switch off, but you're doing nothing. Don't expect something for nothing. + +- Never accept 10, 20, 30% per day rises as the norm. Look at all your coins and pick a point at which you would be happy taking profits, decide what percentage to take, then stick with it. + +- You will never successfully remember what correction blues feel like, so here's a reminder - it's a dull feeling of panic that, granted, gets less and less intense with every correction, but corrections like Feb 2018 scare the shit out of you. You feel like an idiot for getting suckered in. You have no control over anything here, and at no time is it more apparent than right now. + +- Stop looking at what everyone else is doing. They have their own plan, their own information, their own way of presenting it to the world. People find ways to make 100x gains. Good for them. If you want that you're going to have to do a LOT more research. As with point 1, you have no divine right to any gains, let alone 100x. + +- Don't kick yourself for not buying this correction. You need all the fiat you have. You have all crypto you need. + +- You tell yourself you've only invested money you can afford to lose, but is that true? In the face of actually losing most of it for years - because this is how people are talking now, as they always do - you can't afford to lose that money. Stop being a dick. Take some out. + +- Invest your time, imagination and patience in your family - they're on a bull run that will never end. +- It is not your divine right to see incredible gains in a matter of months. If you do, prepare to have them taken from you. It feels like you're doing something for this money because you can't switch off, but you're doing nothing. Don't expect something for nothing. + +- Never accept 10, 20, 30% per day rises as the norm. Look at all your coins and pick a point at which you would be happy taking profits, decide what percentage to take, then stick with it. + +- You will never successfully remember what correction blues feel like, so here's a reminder - it's a dull feeling of panic that, granted, gets less and less intense with every correction, but corrections like Feb 2018 scare the shit out of you. You feel like an idiot for getting suckered in. You have no control over anything here, and at no time is it more apparent than right now. + +- Stop looking at what everyone else is doing. They have their own plan, their own information, their own way of presenting it to the world. People find ways to make 100x gains. Good for them. If you want that you're going to have to do a LOT more research. As with point 1, you have no divine right to any gains, let alone 100x. + +- Don't kick yourself for not buying this correction. You need all the fiat you have. You have all crypto you need. + +- You tell yourself you've only invested money you can afford to lose, but is that true? In the face of actually losing most of it for years - because this is how people are talking now, as they always do - you can't afford to lose that money. Stop being a dick. Take some out. + +- Invest your time, imagination and patience in your family - they're on a bull run that will never end. +Citadel is a Market Maker and they're responsible for filling orders even if no one is selling that stock, this insures that a security always has volume. This is how a synthetic share is created. The MM fills an order and if they can't buy a real share (they can't we own the float) to deliver to the broker it creates a failed to deliver after t+35 (according to rule 204 https://www.sec.gov/investor/pubs/regsho.htm). The Texas lawyer said that they will hide their FTDs by sending them to companies in other countries that aren't subject to the reporting rules of the SEC. + + +The recent Robinhood data proves (to me at least) that coming up with real shares is really difficult, Robinhood has to have a real share to transfer it to another broker. There are so many people that have transferred out of Robinhood that they are out of real shares and only have synthetic shares left. So, they're paying a $1,000+ for real shares in dark pools because they have ten days to transfer the share. + + +If Robinhood is having these issues coming up with real shares, then you better believe that Citadel is having problems coming up with real shares and they have to fill orders whether they can come up with a real share or not because they're a Market Maker. It makes sense to me that they are filling every order everyday with a synthetic share because we own the float and we aren't selling. Every time they create a synthetic share, even if they hide the FTD from the SEC, they still have to deliver that share one day. Basically they're creating millions of synthetic shares everyday because no one is day trading GME and they are still responsible for buying that share and delivering to the broker, it doesn't matter if the price of GME is $160 or $100,000 they have to buy the share to deliver it. Citadel is fucked. + + +Edit: A synthetic share isn't a real share, it's just an IOU from the MM, it shows up in your broker account as a real share, but it's marked in their system that it's just an "entitlement" to a real share. + +From Dr. Susanne Trimbath + +"But in a system wracked with fraud, traders engage in naked short selling, when they sell stock they don‘t own and never buy to deliver. So now there are two shares, the real one that was never delivered and a phantom “entitlement” given the unsuspecting buyer which is recorded as such by his broker. And which the buyer can now sell! Because the brokers pretend there are real shares there." + +"People who buy the undelivered shares get an “entitlement,” and the money they paid stays with their broker, who can use it, interest free. The dollar value of shares purchased but not received is a free loan from the investor to the broker. The investors don‘t know. The broker is not required to tell the client that he took the payment and did not receive any shares." + +This means (to me) that a broker has two pools of stock, real shares and synthetic shares. The synthetic share shows up in your account as a real share, but the broker knows that it just an "entitlement" to a real share. But, a broker can't transfer an "entitlement" of a share to another broker. So, they send their real shares and when their clients buy more shares they get real shares back from the selling broker. + +https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/ + +My biggest take away from all this, this is the first time in history that all shares for a heavily shorted stock got bought up and held. This puts the MM in a very bad situation because they've shorted the stock, so they have to make sure the price stays low or they could get liquidated. They have to fill orders everyday because they are required to even if they can't come up with real shares, this forces them to create millions of "entitlement" shares that they have to cover one day. It's really the perfect storm. + + +Edit 2: For everyone saying this was disproven because even dark pools are recorded in the NBBO. + +"Dark pools and other alternative trading systems may not always appear in these results, given the less transparent nature of their businesses." + +https://www.investopedia.com/terms/n/nbbo.asp +I've noticed this on three different stocks. + +Let's take three GME calls with about 0.25 delta, 1/13, 1/20, and 1/27. 1/20 has way more volume and open interest than 1/13 and 1/27. My assumption is that three calls with similar delta would make a fair comparison. But not just 0.25 delta, any delta, generally all the 1/20 OTM calls have more volume. + +&#x200B; + +https://preview.redd.it/aukb7umx3s7a1.png?width=914&format=png&auto=webp&s=a0a7eb3d5f6c245960f18424461f6970cb67b471 + +&#x200B; + +https://preview.redd.it/q0mf9c204s7a1.png?width=917&format=png&auto=webp&s=664065a9c7109316bef141bfe413d198dd5702ec + +&#x200B; + +https://preview.redd.it/qaga61r14s7a1.png?width=917&format=png&auto=webp&s=7157414fbe6739932c9b456266bea10a7f7cd23a + +&#x200B; + +Noticed this on some other stocks too. On a less liquid ticker, 1/13 and 1/27 OTM calls barely have any volume, while 1/20 OTM calls have decent volume. + +Also I don't understand why there are so many more open positions on 1/20 options than 1/13 and 1/27. + +&#x200B; + +Is there a reason? And how does this help our trading? + +Here is my guess on a very rudimentary level: + +basically 1/20 are favored by most people because 1month DTE is kind of a magic number? 1/13 people have already finished their trades at this point, or they don't like that the gamma is too high now. And 1/27 is too far out and people haven't even started their positions yet? +I've been buying ETF's but wanted to start buying some individual stocks. +Watching a Youtube channel that does 15-minute breakdowns of the fundamentals of a company: revenue growth, debt, free cash flow, etc. They go through the steps and at the end, say that based on "free cash flow x 20 years, this stock SHOULD be valued in this range", and almost every time the stock is now selling for twice that much. He then says, "you usually want to pay a premium if the company is going to grow fast..." but then points out that these big, mature companies (Home Depot/ Target/ Walmart for example) are not going to grow fast at this point. +For every company analysis I've watched, they conclude that " based on multiple of earnings value" and "discounted cash flow value", the stock SHOULD be selling for "this much", and it's way less than it currently is. + +I know the conventional advice is not for me to wait to buy in until the prices drop, so what is the answer? +One part of lavish for me is not being frugal. I know there is a cheaper way to get the same thing, but due to the experience, or convenience, or simply because I enjoy it, I do the more expensive one, even though it is not economically rational. + +I can't be alone in this sub-reddit with this behavior. + +So what things do you spend on that you know you could have gotten a better deal on and why do you do it? +I am planning to move from Germany to Denmark within a year. + +Does anyone have experience of how the move affects your existing social security contribution? +Five months ago I discovered crypto through Bitcoin's gains. First I bought Litecoin, then I bought Ethereum. I was euphoric seeing my money almost tripple. Then the market corrected but I was fine with it, I am used to it from the stock market. I started trading a bit here and there by buying altcoins, which was unprofitable. +Then the China news hit. Impulsively I sold everything. Albeit at a profit, but only a tenth of what I would've had if I just held on to Ethereum. "Okay, no problem. Beginner mistake." I said. I decided to try and recover my original stack by trading some more, in Bitcoin. I read a book about trading and went for it. Day in and day out I was continuously checking the numbers. I stopped reading other books, I stopped learning, I stopped programming, I stopped doing anything that truly fascinates me. Then yesterday Bitcoin quickly plummeted again, I sold with a marginal profit and instinctively converted everything to Ethereum. + +My heart stopped. + +I saw only half of the Ethereum that I should've received and my money was gone. I assumed I made a typo because the order was completely filled. I thought I fucked up bigtime by selling too cheap. "I'm done with this and will just hold Ethereum." Fortunately it must have been some delay because a minute or two later the correct amount of Ether appeared. Then it dawned on me. "What the fuck am I doing with my time. My life is worthless if I just anxiously watch numbers all day, in order to 'make more money' to afford to keep on watching numbers all day, ad infinitum." Maybe I might make more money in the long run if I'm lucky, but at what cost? Money is only a means to an end. If it consumes you, your life is wasted. It's actually similar to being being wasted. The feeling of elation is very short lasting, and whenever you feel it you got to have more. It gives you a false sense of satisfaction, by not really doing anything; you don't improve yourself as a person. + +I'm not rich nor famous, but now I kind of understand what Jim Carrey meant when he said: “I think everybody should get rich and famous and do everything they ever dreamed of so they can see that it's not the answer.” + +Good luck to all of you. May we all get rich and see it is not the answer. + +Edit: I'm not saying that Bitcoin; trading; speculating; being rich; etc. is bad, but if it is making you less happy and anxious, or if it distracts you from doing things you prefer doing, then it isn't worth it. Especially if you can't handle it or suck at it, like me. Conversely, if those things improve your life, then by all means keep doing what you're doing. +Wouldn't it be a worthwhile investment for the government to pay for people to go to college? + +College education increases income and therefore taxes paid by the individual. I did some quick calculations (below) based on what I could find, and it appears to me that a couple of things are true: + +1. If government paid for college, it would break even on that investment after 7.75 years. +2. The average return rate of that investment over the working life of the individual would be 3.75%, which is higher than the average interest on 10 year treasury (2.6%) over the last 11 years. + +Is this line of reasoning reasonable? Are my assumptions unreasonable and invalidate the conclusion? + +**Assumptions:** + +1. This was only for single workers. +2. Ratios between High School and College wages stay the same over the lifetime of the worker. +3. No social services were included, so no food stamps, WIC, etc. +4. Workers work until 65, with college students not working for 5 years. +5. My sources for data are correct (I didn't verify with multiple sources). +6. My math is correct. It's been a while since I've actually used math for a job, and several decades since I took an econ class. +7. Individuals actually complete college in 5 years +8. I'm assuming that the median wage listed would account for workers that don't work in a job requiring a college degree. + +**My sources:** + +Wage data from: https://www.politifact.com/georgia/statements/2013/aug/02/don-lemon/educational-levels-generally-make-difference-earni/ + +Tax data from: https://smartasset.com/taxes/income-taxes#h0hJpidUXK + +Cost of college: https://www.collegedata.com/en/pay-your-way/college-sticker-shock/how-much-does-college-cost/whats-the-price-tag-for-a-college-education/ + +10 year Treasury data from: https://www.thebalance.com/interest-on-the-national-debt-4119024 + +**Calculations:** + +$33,904 for a high school graduate +Fed: $2,438 +FICA: $2,594 +Total: $5,032 + +$55,432 for a college graduate. +Fed: $5,495 +FICA: $4,241 +Total: $9,736 + +Difference: $4,704 + +Average cost of college degree: $36,420 + +Percentage increase in taxes per year: 93% + +Years to recoup cost of college via increased taxes: ($36,420/$4704) =7.74 years. + +Lifetime Taxes paid by HS worker (65-18)*$5,032=$236,504 (47 years) + +Lifetime Taxes paid by Col Grad (65-23)*$9,703=$407,526 (42 years) + +Difference: $171,022 + +Difference-Cost of college: $134,602 more taxes per individual + +(x^42) *36,420 = $171,022 + +x^42=4.6958 + +x=1.0375 + +Return rate: 3.75% + +average interest rate on 10 year treasury (last 11 years): 2.6% + +highest interest rate on 10 year treasury (last 11 years): 3.7% + + + + +1. The corporate tax hike will affect most corporations, but REITs are "pass through", so they will be unaffected by this as they do not pay corporate taxes. + +2. The capital gains and qualified dividend tax hike won't affect REITs either, because they're already taxed as ordinary income(other than QBI deduction) + +3. Biden's targetting of "like kind exchange" tax deferrals won't affect REITs, but investors that invested in real estate directly may have less of a reason to do so over just investing in REITs. + +4. Real estate has historically done well during periods of inflation, and many leading indicators for inflation are present(High commodity prices, shortages, high demand, stimulus, M2 growth, unemployment dropping, rising inflation expectations) + +5. REITs have yet to recover as much in share price as much as the equity market. While equities are trading at far higher P/E ratios than they were a year ago, REITs FFO to price ratios are still looking cheap. + +6. If you look at 1999 when equities were starting to trade at similar P/E Ratios, REITs went on to perform well during the tech bubble crash up until the real estate bubble several years later. + +7. Low interest rates present an opportunity for leveraged investment +I generally disregard the very fluffy content published by CNBC Save and Invest but [today’s article](https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html) pointed to great research to consider for investing. This research (linked in the article) from various renowned institutional and academic entities like MIT and Vanguard concluded US market returns will be ‘far lower’ than that of historical returns. They predict over the next decade US markets will average 3% to 5% returns vs the historical average of 10%. How has research like this impact your allocation? Is a standard response to underperformance expectations like this is to gain more international exposure? Or further diversification and where? Curious this subs thoughts on the matter + + +I’m fully aware this research is entirely speculation and history is no indication of future performance, but I think this research definitely falls in line with ‘reversion to the mean’ Bogle philosophy on performance. US markets have had an outstanding run over the last 20 years. +Hi, + +Most articles are negative about BABA compared to JD but when we look at the data: + +gross margin - 38% (BABA), 14 (JD) + +nett margin - 15% (BABA), 3 (JD) + +cash to debt - 3 (BABA), 5 (JD) + +3y growth - rev - 40% (BABA), 27 (JD) + +What is it that I'm missing with JD so it's such a better opportunity compared to BABA? + +Thank you for any pointers, +I think that Robinhood has a big problem on their hands (no surprises there). Maybe I never understood PFOF until now, but here is a breakdown of how they were **stealing my money and fudging the receipts** when I bought **fractional shares** with them. I would highly recommend that anyone else who bought fractional shares of GME from Robinhood, and then transferred to another broker, check the reported costs. + +# On Jan 27, 2021 I opened a Robinhood account and spent $300 on fractional shares of GME right at market close and into after market hours. I never had an account before this date. + +&#x200B; + +[1st purchase of 0.273305 shares for $100 at 4:07PM EST on Jan 27th, 2021](https://preview.redd.it/1j850zhbaa071.png?width=1210&format=png&auto=webp&s=62a987af1fde4763f27d5a8dcc85037048f35714) + +[2nd purchase of 0.309138 shares for $100 at 4:18PM EST on Jan 27, 2021](https://preview.redd.it/os31baxdaa071.png?width=1240&format=png&auto=webp&s=a6ab3f50e671001ea6ffd39eb95bb30981cad989) + +[3rd purchase of 0.296296 shares for $100 at 4:47PM EST on Jan 27, 2021](https://preview.redd.it/allbxhdfaa071.png?width=1116&format=png&auto=webp&s=28be426a740058742353c1bd35e08649b4fe418d) + +Like many others, after discovering how bad of a brokerage that Robinhood was, I decided to switch. I transferred all of my securities over to JP Morgan's YouInvest (one of the few brokerages that did not limit buying or selling of GME in January) in March. It has taken until recently for the cost basis information to show up in my new account. I've seen recently that people were posting some discrepancies in the way their shares were transferred over-- particularly the cost basis. So I decided to check mine. + +&#x200B; + +[The information transferred to my YouInvest account from Robinhood shows only one purchase of GME on 1\/27\/21 and SIX purchases of GME on 1\/13\/21...](https://preview.redd.it/hveupx3jaa071.png?width=1442&format=png&auto=webp&s=ea8dd3e7945b6c52ca25e632d70396c1ecdca9df) + +# To reiterate, I made my RH account on 1/27/21. There is no way that I could have purchased GME with them on 1/13/21. But wait, there's more... + +*Just look at those* ***unit costs***. That was the cost of a full share that RH is saying that they purchased a fraction of on my behalf. But on Jan 13, 2021 the price of GME was **nowhere near** that. + +&#x200B; + +[The highest cost for 1 share of GME on Jan 13, 2021 was $38.65 according to Yahoo. So these unit costs reported by RH are fake and made up to make the numbers make sense.](https://preview.redd.it/4rx2c8ykaa071.png?width=1684&format=png&auto=webp&s=1f3e73a2d880a46da64ae9806e19c3ff44dc008a) + +# The full breakdown looks like this: + +&#x200B; + +[I gave $300 to Robinhood and they spent only $252.02 to give me 0.8787 shares of GME](https://preview.redd.it/m1lqng2naa071.png?width=1456&format=png&auto=webp&s=fce487bde11ad100b72ad514adf469ee653fe707) + +# TL;DR Robinhood stole $50 from me and then fudged the dates and unit costs for my fractional shares in order for the numbers to make any sense. The way the purchases were recorded on my RH account documents and the way that they were reported to JP Morgan Chase are different. I never even had a Robinhood account on January 13th, 2021. If RH would have spent my $300 on 1/13/21 like these documents say, at the highest GME price, I would have owned 7.76 shares. Based on the reports that THEY sent to my new broker and the closing price of GME today, they owe me $1,360. + +**P.S. The true cost of trading <1 share of GME with Robinhood in January was $50. Not free at all.** +There are a variety of programs in the bill to support small businesses (under 500 employees), but by far the most generous one is the Paycheck Protection Program. The PPP can cover 2 months of your payroll and a little more. + +It's structured as a SBA loan through banks, but it turns in to a grant so long as you use the money for payroll, health insurance premiums, office rent/mortgage. + +Details here: + +https://www.sba.gov/funding-programs/loans/paycheck-protection-program + +This is a good summary: + +https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf + +Stephen Nelson is doing good work on this at the link below. (He's the same CPA who was the first to spell out the new pass-through tax law a couple years ago.) + +https://evergreensmallbusiness.com + +The $350 billion for these programs is not enough to go around, so you must act quickly. + +I don't know of any bank that has an application ready. But US Bank does have a sign-up list, so I recommend signing up there so at least you are early in line at one bank. + +https://apply.usbank.com/applications/business/InquiryForm + +This would be a good place for us to share insights on the program, and especially on banks that have applications ready to go. + +UPDATE: + +Folks, it seems optimal to apply for the EIDL ASAP, because there's a free $10K available that's forgivable. + +The application is up, at the top of the page at sba.gov. Only $10 billion is allocated for this, whereas $350 billion for the PPP. So the EIDL money is going to run out FAST. Apply today. + +The $10K grant from the EIDL cannot count for the same uses as the PPP. So at worst, it's a wash. But you can get the $10K in your bank account relatively quickly, while the PPP process may take weeks. + +PPP is still the bigger forgivable sum, with up to $10M forgivable vs. $10K with the EIDL. (And note that EIDL amounts over $10K are not forgivable). + +TLDR: Apply for the $10K EIDL grant ASAP today, and get in line for the PPP as soon as you can. + +UPDATE 2: + +There's now an official page with a link to the PPP application form here: + +https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses +I just accepted a position with a financial services company. I'm two years out of college, and I've been traveling/teaching since then. This will be my first "big boy" job. My recruiter offered $45k for the position, then proceeded to spend 20 minutes talking about benefits. Afterward, she asked if I had any questions. I was as nervous as could be. + +I said, "I wanted to talk about salary. When we spoke on the phone two weeks ago, you said the salary was negotiable up to $50k. I was just wondering why I wasn't being considered for the full salary even though I bring additional skills to this position in addition to the requisites." + +She said that she would talk to the hiring managers about it and get back to me by Tuesday. Well, Tuesday came and went. Then Wednesday. On Thursday morning I was starting to get nervous, thinking I should email her to touch base. Then I was reminded of the line of The Wolf of Wall Street, that when trying to make a sale, the first person to talk loses. So I waited, and as I was walking home from work I got the call wherein she told me that I was receiving the full salary! + +So I just wanted to thank all of the great advice on this sub. One minute of discomfort has given me a huge leg up on my future coworkers, and the compound effect of a larger starting salary will reap benefits for years to come. + +tl;dr Negotiate that salary! + +EDIT: Thanks so much for all your kind words; this sub has such a great culture of helping one's neighbor. For a little clarity, according to Glassdoor, I'm at the very top of the payscale for this position. I didn't blindly go into the first interview when it comes to salary. I learned what the going rate was for the company, and asked about the payscale. +From what I understand, the vast majority of the benefits are set in stone, so salary is really the only negotiable part. + +I learned to evade questions that were phrased like, "How much were you looking to make?" or "What are your salary requirements?" or "What are you making now?" Every time I was asked, I would evade. I would say, "That's a great question, but right now I'm just focused on learning if X Company is a good fit for me." +With all the noise in the media about imminent major energy price hikes I decided to look at what the implications would be for my household and what we could do to mitigate it (if anything). A link to a spreadsheet breakdown is at the bottom of this. + +Background first - we live in a 4 bed detached newbuild. It was completed last October and is Energy Class B - if we stuck solar panels on it they'd categorise it class A but we can't afford them and it's not relevant to the maths. Otherwise it's as airtight and as insulated as you're reasonably going to get. We are heated via a gas combi boiler and have an electric oven and induction hobs. Unfortunately we have a baby (currently 17 months old) so last winter had to keep the house quite warm as a result. + +When we moved in back in October we inherited E.On as our supplier who stuck us on the price cap at the time. I looked around for offers but already there weren't any and the situation hasn't changed when I've periodically checked so we remain with E.On today. + +Until March 2022 our cost per kWh was 20.381p and 26.978p for electricity and gas respectively. They hiked it in April to 26.31 and 42.619 respectively, that's an increase of 29.1% for electricity and 58.0% for gas. + +The latest media reports suggest the price cap will move in October from £1971 per year on average to £3420 and potentially to £3850 on January according to one analyst ([Guardian article on it dated 27/07/22 here](https://www.theguardian.com/money/2022/jul/27/uk-energy-bills-forecast-to-hit-3850-pounds-russia-cuts-gas-supply-further-europe-pipeline)). + +I calculated the price increase in percentage terms (73.5% and then 12.6%) using those numbers to project likely future bills. After that I pulled every bill from October 2021 to May 2022, smoothed out the invoices to get a rough estimate of usage per day (because E.On bill at seemingly random time intervals instead of monthly) and then applied the cost per unit and standing charges for turn Vs now Vs future predictions. + +The results are not pretty. + +We spent £905.17 for electricity and gas combined between October to May with the worst month as you'd expect being January - a bill of £172.77. + +For October 2022 to May 2023 I project if we consume the same energy as last year and if the suggested price increases happen as per the guardian article I linked above then we would be billed a total of £2,304.31 with January alone being £519.13. + +The £400 credit to our energy bill courtesy of the government will still leave us with a shortfall of £909.14 to find. + +So, what to do? + +Our house is already up to spec on windows, doors and cavity insulation so not much can be done there. We are thinking of making thermal curtains (my wife is a dab hand with a sewing machine). + +But that won't be enough. + +So on Amazon Prime Day I treated ourselves to a Drayton wiser dual zone smart heating system. It cost £159.49 and I got six smart thermostatic radiator valves for £113.81 at the same time. I'll need another five valves to fully kit out the house but didn't have the spare cash at the time. + +What's one of those I hear you ask. I encourage you to Google it, but the short version is it's a clever box that turns your boiler on and off when any of the smart valves on your radiators demand it. The advantage is you can set each room temperature to what you want on an hour by hour basis, only heating where you'll be when you'll be there. For example I WFH 100% of the time so I'd heat the small bedroom i use as an office and turn all other radiators in the house off during office hours. Of course it's all controllable via your smart phone or tablet. + +What's the payback? Well, 30% reduction in heating demand suggests [this article](Https://wiser.draytoncontrols.co.uk/blog/russell-family-wiser-delivers-proven-energy-savings). Now that won't do anything about my electricity consumption nor even my standing daily charge for gas, but if I can punch a 30% hole in my gas usage then that's 30% off a current projection of £1,044.17. + +That would bring my gas consumption (still ignoring the daily standing charges) down to £730.92. + +Based on how much it'll cost (£159.49 for the controller, £303.91 for valves) vs. the £313.25 I potentially could save, it should pay for itself in just under a year. + +Thats all very well I'd you happen to have £460 lying around as I fortunately did. If you don't, like Martin Lewis from MSE I don't understand how the government expects most households to absorb this kind of hit. + +I'm now looking at alternative revenue streams to bridge the gap like impromptu mystery shopping. £30 a week would make the world of difference. + +[Link to the Google Spreadsheet for anyone that wants to deep dive my maths.](https://docs.google.com/spreadsheets/d/1JnAV3LekUHN6P5znSsLP1akyF3SFg1VIyj7rJWRc7Rg/edit?usp=drivesdk) + +<End> +Judging by the number of posts made about the modern mises institute in r/badeconomics I'm guessing that the current group of Austrians isn't that respected. But what about the older ones, carl menger was part of the marginal revolution, Bohm-Bovwerk created the time preference theory of interest (I think), mises wrote economic calculation in a socialist commonwealth, Hayeck wrote the use of knowledge in society, the road to surfdom and a load of other stuff that I think is now quite well respected. + +So especially with the case of hayeck, how respected are they nowadays by mainstream economists? +Nifty P/E Ratio is well above 30, as of September 15: [https://www.equityfriend.com/investment-charts/nifty-pe-chart-nifty-pb-chart-nifty-dividend-yield-chart.html](https://www.equityfriend.com/investment-charts/nifty-pe-chart-nifty-pb-chart-nifty-dividend-yield-chart.html) + +Markets (gauged by Nifty 50 and Sensex) are close to their pre-covid highs, corporate profits have taken a massive hit across sectors. The low earnings, along with high share prices give us this abnormally high P/E. + +I am considering reducing my equity portfolio and keeping some dry powder. How many of you guys feel that it may be a good idea to allocate money to cash/gold/short-term debt for now? +In the United States 🇺🇸 today a family tradition like no other will take place. People will drink way to much, families will like each other at first then deep divisions will show themselves and the meal might get tense. During these conversations did you bring up crypto currency? Was anything outrageous said by your drunk Uncle Sam? Did aunt sally say crypto was for fools? I am sure many of you have great stories. + +Please share your your best story. I need entertainment. I am in Covid 19 he’ll and can’t leave the house. + +Happy thanksgiving all have a safe and happy holiday! + +Remember a rising tides lifts all boats. +So GME is on the cusp of printing a Golden Cross on the daily chart. For those not in the know, it’s when the 50 day moving average crosses above the 200 day moving average. It’s a rare occurrence, GME last printed one in September 2020. + +While the majority of TA is redundant on a highly manipulated stock like GME, a Golden Cross is the real deal. This is one of the major indicators large institutions use to enter positions. It will trigger alerts on trading floors across the globe. + +This isn’t just any other Golden Cross though… SPY printed a Death Cross on March 14th. This is the opposite of a Golden Cross, when the 50 day moving average crosses below the 200 day moving average. + +Printing a Golden Cross a few months after the overall market just printed a Death Cross is highly bullish for GME, and further validates the thesis that GME is the hedge for the impeding crash. We truly are in negative Beta. + +When you factor in 52%+ of free float DRS’d and rising, this has the ingredients to be the most bullish Golden Cross. Ever. + + +I believe it’s almost time to call your moms. Buckle up, LFG. 🚀🚀🚀🚀 +There are a lot of questions about how much financial impact a child has. Here are my numbers, for exactly one year - the first year of his life starting in March 2020; with the addition of the "prep" budget. + +For the background info, we are a couple with above average household income (engineer + entry level engineer manager). A median house in our city is selling for \~$500k. When it comes to the financial decisions, we don't purchase the cheapest items, but we look for underappreciated items of decent quality (think - unpopular color patterns, houses that needs work or used stuff off craigslist). + +&#x200B; + +**2019-2020** + +Before the kid was born: +$5100 - Vitamins, doctor visits, car seat, stroller, baby prep items + + +**2020-2021** + +After the kid was born through the first birthday: +Total: $27,044.58 + + +Approximate breakdown: +$13,120.00 Daycare at $1280/m, starting at age 2.5 month +$4,432.00 Doctors - birth, after birth care, visits & vaccinations, one \~4 day hospital stay due to infection +$3,360.00 Insurance increase at $280/m +$2,554.00 Amazon - supplies for the baby and mom +$1,250.00 Target - supplies for the baby and mom +$480.00 Babysitter at $15/hr +$1848.00 Who knows / miscellaneous + + +That comes out to $2250 per month or $75 per day. + +&#x200B; + +**TLDR**: If you are like us, it will cost you \~$32k to have a child for the first year of their life. +Well, it appears that was a lie. Today I was notified by my bank that my social security number along with information I’ve only provided to Robinhood is being spread across the web. + +Cheers, and happy Easter. + +[Link for those who weren’t aware of the security breach.](https://blog.robinhood.com/news/2021/11/8/data-security-incident) + +Edit: +I think that skepticism is totally okay, and I agree no one should believe this post. There just isn’t enough information I can provide to prove it to the public without also putting my identity at risk. What I can prove, and the purpose of the *proof* provided is to say I did get an alert with this information shown as being leaked. + +What this post should do is encourage everyone to do their own DD on their credit report and review any credit alerts they have to determine whether their information was leaked. I am under the belief that this was leaked from RH, and this is the one community I know of that also used RH regularly. Awareness is good. +The traditional way to begin your daytrading for income journey is to: + +1- Paper daytrade for a couple of months + +2- Start with a small amount of money (maybe $100 to $200. ). + +~~3- Add more money if you are more comfortable~~ + +~~4- Dump even more money into your daytrading account when you are 100% confident and comfortable~~ + +All I am saying that if you 100% confident in your daytrading strategy, there should be NO steps 3 and 4. + +Steps 1 and 2 are sufficient. + +If you are confident enough that you can turn 10k to 100k, why not start with $100. Grow it to 1000, then to 10k, then to 100k, then to 1M?? + +Yes, it will take you years to grow your account. If you cannot wait years to properly learn and grow your account, you should not be daytrading. + +One counterargument is that commissions will eat you alive if you are daytrading with a $100. Yes, I think it can be 1% for each trade, but I am sure confident daytraders can achieve more than that. + +What do you think? + +&#x200B; + +Edit: Thank you all for your comments. It was a thought I wanted to share. I really appreciate the feedback! + +Edit 2: I've gained a lot from the discussions. Thank you all. I admit my approach was extreme, but I still believe in the concept of "starting smaller than you think" and "avoid depositing a lot of money". + +Edit 3: Refer to this article if you disagree with me: +https://bigthink.com/personal-growth/how-to-disagree-well-7-of-the-best-and-worst-ways-to-argue/ +Hi there! So I've saved up about 100k through the last couple years and original plan was for it to be a down payment for a house. However since interest rates are so high now that's not really possible anymore, so I've been considering using the money to enter investments instead (since the stock market is significantly down). + +I know the rule of thumb that you shouldn't risk/invest anything you'll need in the next 5 years, but I'm REALLY concerned about fomo and missing out on a HUGE buying opportunity of a life time. + +I'm trying to figure what would be smarter and better...A) Put the savings into a CD or Bond for the next year and keep saving towards a house + +B) Put everything into stocks and investments, knowing that this is a massive buying opportunity + +C) Maybe a bit of both + +or D) Maybe something completely different + +Basically, I'm asking what the smart thing to do here would be AND what you would do in my situation? + +Some other details that may be helpful: + +\-I'm 26yo, salary about 75k a year, the money is currently in a savings account (aka dying to inflation) + +\-I'm not THAT desperate to get a house so I could wait if needed, but I have been wanting one for a while. I'm more or less a young adult trying to figure out how to properly manage money in an economy like this. I'm mostly just someone trying to figure out how to properly manage money and set myself up for the future. + +Would really appreciate any advice, thanks a lot everyone! + + +EDIT: Thanks for everyone for your feedback and advice! Everything you said was extremely helpful and is really helping me explore all of my options. I really appreciate you all taking the time to help me out! +Deutsche Bank is the first major bank to forecast a US recession, albeit a "mild" one. "We will get a major recession," Deutsche Bank economists wrote. + +The problem, according to the bank, is that while inflation may be peaking, it will take a "long time" before it gets back down to the Fed's goal of 2%. That suggests the central bank will raise interest rates so aggressively that it hurts the economy. + +Thirty-eight percent of small US business owners say inflation is their biggest concern, twice as many as the second place “supply chain disruptions” (19%) and well above Covid-19 (13%) and labor shortages (13%). + +In case of recession, where should one put his money? +By not jumping to the perfect conclusion right in February/March when DSR was first mentioned and hinted at by multiple experts in interviews we uncovered so much more of their bullshit. We’ll be less naive for it when it comes to the future. + +I personally would not have been nearly as careful with my tendies had MOASS happened straight away. Now I know the markets aren’t fair and Hedgies will try everything to take their money back afterwards. Well…whoever of their ilk is left standing. Certainly not Kenny and Stevie. + +All the best to you pretty Apes. +I will be doing just that in a few months. The place I’m renting is in a prime location with a price tag to match. I have no desire to market myself so I’m slammed with clients. This is purely for my happiness because I’m tired of not working. + +We have some plans for at least breaking even but that’s as high as my expectations go. + +Would you do something like this? Or have you? Would you feel bad costing your household money? +Just out of curiosity how many people that trade options just stick with selling covered calls and puts? I started using options about 2 years ago after spending a month or so learning about the risks, the greeks etc. I have always heard that people start out with these strategies and then advance to spreads and other more complicated strategies. I have a sizable account and have the stocks and capital to just stick selling covered calls and cash secured puts. I'm not a big technical analysis person (I lack the knowledge) and I never seem to have the conviction to predict the magnitude or lack of magnitude of a move in any direction over a period of time. Is there any reason I should try to learn different strategies or just stick with what I am doing? Am I missing out on anything? +Something is about to happen this month if they are finally returning the cash to its investor. + +&#x200B; + +This week or next week might be very spicy depending on when they start to unload their holdings for everything and turn it into cash. + +&#x200B; + +[Bloomberg Article](https://archive.ph/gTEXm) + +&#x200B; + +[New York Times Article](https://www.nytimes.com/2022/05/18/business/melvin-capital-gamestop-short.html) +Hi there, + +I need a bank loan to buy a house because I don't just have a spare $400, 000 lying around. I've saved $100, 000. I have come 2nd to about 6 cash offers on houses in the last few weeks. Sometimes I've had a higher bid. + +What am I supposed to do here? Or any other first home buyers who don't have the immediate finances? + +I'm obviously exhausted but thought I was doing everything right :( +We will have a debt of 450k on 88k salary. Have never had a loan this big and am feeling nervous. Income will go up as I am a SAHM for 6 months. Newborn due in 2 weeks. How do people feel about a loan this big? We had a 300K deposit + +Edit 1: + +I was wondering lots of people are writing why pay back debt when interest is so low. People are saying get an investment property and let inflation pay for it. What if house values drop and interest rates raise? Then you lose money and have to pay back more, due to higher rates. Which means less money off loan and less in my pocket. What am I missing? Is this a very poor mans mentality or perspective. Thank you for your time 🤗 +Robinhood painted the picture Alex was absolutely FUCKED, so rather than fuck his family, he took his own precious life. He will NEVER laugh, or share in the awe that is life, EVER again. Yet all of you crooked fucks pretend it never happened. I hope GME moons. I hope it moons so twisted pawns and tools like you can be exposed and ridiculed like the assholes you are. RIp Alex, godspeed. +As boomers die off and millennials become the political power block will they take their inherited homes and defend property values like their parents or will the decades of misery push policies to make housing readily available and cheap again ? + +I'm talking about 10 or 20 years down the road. +Hey all. + +This week I got an email from Virgin Media telling me my broadband package was increasing in price by 10%. + +Quick check online and found my package listed at 40% under what they were trying to increase my price to. + +Found their head of complaints email address, Daniel.potts@virginmedia.co.uk, quick polite email and less than an hour later I received a call from their exec office. + +5 minute call and I'm now paying less that their new customer prices seen online. + +Saved myself £210 over the next 18 months now. + +*edit* + +Adding the email I sent so anyone can use it; + +Name: + +Contract Number:  + +Account Number: + +Area Ref: + +Contact Number:  + +Contact email: + +Address: + + + +Dear Virgin Media + + +I've been a customer of yours since 1 June 2020.  + + +I was initially paying £29.99/month for M100 Fibre Broadband and 100+Tv channels. Come May 2021 I was informed the price would increase to £59/month. After speaking to your retention staff we agreed a price of £38/month for the same package until 15 November 2022. + + +On 5 January 2022 I received an email stating my price would increase by £4/month from 1 March 2022. + + +Looking online I see that our package is still available at £29.99/month yet I'm expected to pay £42/month? + + +I understand price rises in line with inflation and Virgin Media measure this using the Retail Price Index however I cannot understand our price increase from £38 to £42 which equals a10.53% increase. RPI this year is currently predicted at 4.2%. + + +The difference in price for other customers paying £29.99/month and us paying £42/month is a difference of 40.05%. How can you justify this increase? + + +As resolution to this price hike my preferred expectation would be that I'm offered the same price as other customers of £29.99/month for the duration of this contract. + +If that can't be done then I'd settle for my price to remain the same at £38/month. + + +If this also can't be done then I'll have no option but to end our agreement. There are plenty of alternatives these days and with the introduction of 5G to our area we no longer have to rely on traditional lines. + + +I hope to hear back soon, + + +Thank you. + + + +***they offered me my package at £29/month +Morning/Evening everyone! + +It's been a pretty insane four months AMA wise - we've had some epic guests such as Ronan Ryan, Paul Conn to Robbie Ferguson. + +Been an absolute dream hosting all our guests and I along with the mod team hope we've represented the community well. I also hope we've given you the bang for the buck that pre-organised AMAs provide over original text based ones with in-depth answers and providing much more coverage of questions. + +We're wrapping this quarter up with Dennis from Better Markets - so stay tuned for that in early April. + +------------------------------------------------------------------ + +Onto the main reason of this post. Would love to hear who you'd want on for an AMA! No guarantee we'll get them on, but you can be damn sure we'll try our best. + +Second question is, you'd have noticed Reddit Talk being a feature many subreddit's are currently using (similar to twitter spaces). Do you want us to try and host these? If so, what type of content would you want to see hosted via this channel? + +Shoot the shit below. + +Cheers everyone 🍻 +Landed myself in a bit of an awkward situation, as my SIL recently asked me if she could borrow £5-7k which then went to £10k when she thought I seemed comfortable agreeing on £7k. Apparently it's so my brother and her can get onto the property ladder. A few times after that, she's casually implied I could push the amount to £10k and I've had to firmly say no. Oh, and my brother doesn't know about this arrangement because he didn't want to ask me for it - so she'd pretend that she'd borrowed it from a friend. + +I initially said yes (foolishly) thinking why not help out a family member who has been generally good to me - however, that little sly 'so you CAN lend us £10k then' action is a huge turnoff for me. Then there's the fact it's a secret agreement, and that I've never lent this person money before so have no idea of their track record. I also can see this going sour.. + +Having mulled it over last night, I've decided I'm much more comfortable lending £3k max. It's an amount I can tolerate losing. How do I cushion this when telling her about my change of mind? Obviously it's less than half the requested amount, and whilst I don't owe it to her, I don't want to sour the relationship. + +UPDATE: Ahh! Thank you ALL so much for the feedback, I can't respond to everyone so here's a collective appreciative nod. I did the uncomfortable thing of backing out, it just felt right and I couldn't shake how uneasy the whole thing made me - as you all pointed out, it was so shady and I could just see it turn into a horror story further down the line. I'm a bit of a wuss so I cushioned it with 'maybe I'll be able to help at some point in the future'. Her reaction was quite awkward, she just went quiet and frowned, and then said 'fine yeah leave it then' to which I just shrugged and said sorry, hope you manage to raise the finance soon. It was kinda awkward after that, but if anything that's further proof that lending was never a good idea here. Let's hope she never asks me again! Shudder. +In light of the government’s [announcement](https://www.theguardian.com/australia-news/2020/jun/19/australian-university-fees-arts-stem-science-maths-nursing-teaching-humanities) today that it will pump up the costs of humanities subjects to encourage STEM degrees & ‘job-ready’ grads, I’m wondering what people on this sub studied, and how it has impacted their career. + +Was your study relevant? Did you see economic value come from it? Would you study something else? + +I wrote a long reply to someone on another thread regarding the value of an arts degree, which I’ll paste below. Would love to discuss this new policy in light of the apparent ‘market-driven’ approach the Government is now appearing to take. + +Edit: Just wanted to say thanks to everyone for sharing their journeys. A great reminder that no two careers are the same, and interesting discussion - reminds you how diverse the user base in on Reddit, and on this sub. +I've come to a point in life where gifting a new bag, dress, or watch simply doesn't feel like a financial sound gift to a partner, family member, friend. In all likelihood they already have what they need. And I'm not very interested in giving them what they want, barring some cases. + +Been wondering **what are some investments, investment products, or even tools that we can gift to our loved ones to help them be financially stronger, earn more income, or simply aid them in their financial journey?** + +We already know: + +* Gifting stocks is an option. We've discussed this [before](https://www.reddit.com/r/IndiaInvestments/comments/bqe9ab/how_to_gift_stocks/) +* Investing in MFs in the name of a minor ([example](https://www.reddit.com/r/IndiaInvestments/comments/okt0po/investing_for_your_kids/)) + +That's it. + +What other options do we have? + +Some more I can think of: + +* Subscription to a tool like Bloomberg Terminal (if you can find where to buy) +* Subscription to financial study materials like Mint/WSJ/The Ken +* Buying digital gold in other's name (not sure about feasibility) or simply a gold coin with tax receipt +* Paying off their small debts (although not sure how they would take it; doesn't really count as gift) +* Gift cards +* Sponsor a fee-only financial advisor for one time +* Book a full-body checkup ("*tere wajah se body checkup kiya aur ab dekh mujhe NAFLD detect hua hai*") + +What are some other finance products as gifts? +[https://www.marketwatch.com/articles/vanguard-sp-500-etf-fee-cut-51551457258?mod=bnbh](https://www.marketwatch.com/articles/vanguard-sp-500-etf-fee-cut-51551457258?mod=bnbh) + +$VOO Expense Ratio Lowered from 0.04% to 0.03% + +Congrats to all you Bogleheads -- the most boring investment just got a little cheaper. +Just before I start, I want to say I am aware of the risks and I am aware most individual traders lose more than win. However, I am planning to just use £500 to play around with and get a better understanding of how it is done. + +The two markets I am interested in trading in are FX or Stocks, I am aware there are some derivatives products such as options and CFDs, but I don't know too much about them . + +What is the best platform I can start learning from? + +Do I have to pay tax on earnings from trading? + +I am planning to trade every weeks, but are there fees for each transaction and in that case, is it better to trade longer term? + +What market do you recommend is the best for beginners to trade in? + +Thanks. +In regards to last weeks post: 7 Sharpe [Reddit.com](https://www.reddit.com/r/algotrading/comments/p04fij/sharpe_ratio_of_7_what_did_i_mess_up_on_i_got/) + +&#x200B; + +I'm now at 11.50 Sharpe :) all tests have checked out, I'm running live simulation this month and will be doing real world money in September. + +My current results: [https://imgur.com/a/IoRKNGS](https://imgur.com/a/IoRKNGS) and extra stuff + +https://preview.redd.it/jdh87pkjyrg71.png?width=1352&format=png&auto=webp&s=24752e213529e5f2a9af793a71720d5745102a73 + +&#x200B; + +Software used: + +JMP for statistical analysis (cuz I dont know how to code nor am a mathematician but I can click buttons and have this do the heavy lifting) + +quantshare for trading (has a nice gui for the non coders) + +Candlescanner (helps with identifying reoccurring opportunities) + +&#x200B; + +&#x200B; + +Thank you everyone in here for helping a non-coder out and giving me tips. My plan was to see if my strategy works and if it does then get into coding. I now have a reason hopefully as I learn more I can contribute back to you fine folks. +My relative died, my dog died, I lost my wife, my wife’s boyfriend told me I’m ugly, I had a miscarriage, my kid punched me in the dick. Poor me, it’s all Kens fault. + +Look, maybe you had some bad shit happen, maybe you’re a trolling shill dickbag. It’s hard to tell. EVERYONE HAS HAD A SHIT YEAR ITS FUCKNG COVID VERSION 34 STILL. Either way, shut the fuck up with this crybaby shit. This isn’t a Facebook grievance group. There are places you can vent about how shit your life might be right now, but not here. + +This is r/Superstonk where we discuss GME related DD and market conditions, situations, and related data. + +Edit: and memes, we need like a shit ton of epic memes + +I really am sorry if you’re down and out at the moment, but pull your fucking shit together because we ride at dawn bitches. + +🟣 MOAR PURPLE RINGS 🟣 + +Edit: holy shit this got waaaay more attention than I thought it would. Thanks for the awards! And my first snek SssSSsssssss + +Mini edit: misspelling “your” sorry to the dude I triggered ☠️ +* Yellen again reiterates that the focus now is not on tax increases, but rather on relief programs tied to the pandemic. +* Yellen says that technologies in **terrorist financing** change over time, and response also needs to change with it. She noted crypotcurrency as an area of concern for terrorist and criminal financing. +* “I believe the future is likely to bring **low interest rates for a long time**,” she said, adding it is possible for rates to rise. +* “I think we should take these risks very,very seriously. I think **climate change is an existential threat**.” +* “I would be very pleased to take a look” at **issuing longer-term debt**, including a **50-year Treasury bond**, she says. +* **Yellen goes on the offensive here over the question of the minimum wage**, saying the latest research shows only “minimal” job losses in states that raised their minimum wage levels. +* Grassley said he’s “closely examining” Biden’s $1.9 trillion stimulus plan. He says the plan doesn’t appear to be well targeted and says it’s **important to “focus efforts” on pandemic relief and not enact a “laundry list” of liberal reforms.** +* This appears to be a stab at the plans inclusion of a $15 federal minimum wage in the plan. +* She says there would be money for small business, grants to small entrepreneurs, eviction protections, nutrition assistance, paid leave -- all things to help minority communities. +* To **not spend more on pandemic and economic relief would leave the economy worse off**, she said. She said without deficit financing this aid, the economy could have long run problems and “scarring.” +* She says she is concerned that China is investing in electric vehicles and that most of the EV sales are projected to be in China in the coming years. +* Yellen says that they would not seek to roll back the 2017 tax cuts “now” while the economy is still struggling. +* Yellen says **the value of the dollar should be determined by markets, and the U.S. does not seek a weaker currency to gain a competitive advantage.** +* Some hedge funds have “dangerous levels of leverage,” Yellen says. +* Grassley says he’s told Yellen that **it would be a “big mistake” to raise taxes on individuals and businesses during a pandemic.** + +These are the most outstanding things that came to me for investing. + +***TL;DR MORE STIMULUS, MORE GREEN INVESTMENTS AND POLICIES AND COMPETING WITH CHINA, UPCOMING CRYPTO POLICIES, TAX CUTS ARE HERE TO STAY FOR THE PANDEMIC.*** + +GOOD LUCK IN INVESTING. I HOPE YOUR AND MINE GREEN INVESTMENTS MOON! +[Nomi Prins](https://nomiprins.com/) has scheduled an AMA with us, taking place in June. + +Nomi Prins is a geopolitical financial expert and investigative journalist who sheds light on the dark corners of the global economy. + +She quit her job on Wall St to become a journalist and a bit of a whistle-blower. She was a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. + +She became an investigative reporter to clarify the methods by which monetary systems (like the central banks/Federal reserve) are manipulated to serve the interests of an elite few at the expenditure of everybody else. + +&#x200B; + +Ask away! +I asked her to get a new roommate (she wants to stay) and the new roommate needs to place an additional $800 for deposit (initial deposit was 1500). I also told them that I won't release the initial deposit until girlfriend fully moves out. + +Am I being unreasonable? girlfriend is complaining that her new roommate has to pay 800 in deposit and boyfriend wants part of his deposit back ASAP + +New roommate has low income but manageable, but 3 collection claims + +TIA! +28M Currently in a stable, super WLB career (dentist) that may allow me to fatFIRE down the line with some smart money allocation and some risk taking for personal/side ventures. Though I don’t love my career, I love the life I live overall because of WLB and objectively solid comp (though not a match to finance/tech pay in this sub). + +I have the opportunity to enter into consulting at a Tier 2 firm at a slight pay cut compared to my current work. I imagine my long term “ideal” life would be back to great WLB and great comp. However, my interest after would be in PE/VC, which I’m aware doesn’t entail the best WLB neither. Frankly, I’m not super interested in life sciences, but it’s the only consulting opportunity I have after applying. This would solely be a pivot for the hope of an eventual greater WLB/$ career.I acknowledge corporate roles are an option after too. + +For those who fatFIREd through a similar path of consulting/PE/VC - was the hit to WLB worth it? Is it as strenuous as I anticipate it to be? Are great WLB/$ jobs in these paths statistically likely? + 'you need money to make money'. I started out with mid 4 figures and I don't know how people can successfully start out with much less. A lot of my learning so far has been trial and error, but if I hadn't had my margin to cover me, I'd have blown my account within a week. + +So how much did you start with initially? + +3 figures +4 figures +5 figures +6 figures +I think a lot of people are going to be extremely bummed out if and when we breach critical resistance and hit new all time highs. I can't tell you how many people I know that passed up buying this 50% pullback because they're convinced the price will go lower. When it comes to bitcoin, you should never assume anything, be smart and dollar cost average rather than risk missing the next leg up in hopes of buying in at prices that we may never see again. +Maybe set some extra cash aside in the slim chance the price does go lower and DCA the rest. +Those sort or expertise are useless against the SEC or the DOJ or apes. +They are useful if you fear for your physical safety. +Why would you fear for your physical safety? + +I dunno maybe you just told the billionaires, royals and shady characters who invest with you that they couldn't withdraw their money (6.25% a quarter) and there's a chance those folk are going to soon see 8, 9 & 10 digit losses if you're forced to unwind your/their positions. + +Only thing that makes sense to me. + +Edit: Mr Cho's expertise is personnel protection, he headed PPD for both recent national embarrassments. Secret service does lots of things but this is the guy who headed PPD and hovers in the background whenever the prez goes for golf or ice cream. +Benjamin Graham, author of the investing tome *The Intelligent Investor* advocated buying stocks trading at less than their net working assets (cash in the bank minus any debts). In theory, this sounds great but very few stocks trade that cheaply anymore, apart from scandalous small caps alledgedly with accounting frauds. + +One of Benjamin Graham’s investment criteria instructs conservative investors to avoid trading stocks trading above 1.5x their book value. If one would have followed this advice, in the last decade they would hold nothing but a few insurance and bank stocks. + +Just before Graham died in 1976 he was asked if detailed fundamental analysis of stocks (a technique he became famous for) was still a favorable investment strategy, his exact words were - + +&#x200B; + +>“In general, no. I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding experience, say. 40 years ago, when our textbook \[Security Analysis\] was first published. But the situation has changed a great deal since then." +I'm posting this comment that I made on a different post because I think it's important. The targeted attacking of individuals on this sub needs to stop because it's an absolute distraction and quasi witch hunt. Have you guys noticed how all the OG DD authors have gone dark!? It's because they get attacked every time their TA or research misses mark. We are up against some of the most intelligent people in the world with near unlimited resources. This is not going to be easy. + +We need to identify and ban Shills, YES! But we need diversity when it comes to research and educating ourselves on the market. Many people that are attacking the "DD" group with anti-TA sentiment are people that have never offered an actual intelligent contribution to this sub. I would rather have a mountain of TA and DD that doesn't come to fruition than have a mountain of the same twitter screenshots or news articles or even stupid ass recycled memes. The quest for knowledge of the unknown will never end and will always include mistakes and missed projections. + +Additionally, people need to remember that the "enemy" is monitoring this site more closely than any of the loyal members on the site. As soon as we find a chink in the armor or a pattern, they will make adjustments to change the path so we can't follow it. That is absolutely what happened with the last two cycles that we followed in January and this month. November 3rd (3 weeks before the cycle end) and Jan 6th (after hours) experienced unusual price surges. I believe they settled early to throw us off the scent. Just keep buying, DRSing, and hodling. If someone doesn't want to DRS then that is completely fine. We are not a single minded group. We are a single group with a common interest; support our favorite stock and company! Be positive. Hope for the best and prepare for the worst. Our day will come when our company will take the throne! +**TA;DR: I looked at the 605 data - Citadel’s short position is so huge it’s distorted the order flow. It’s so massive you can see it merely by looking at where the GME orders are being executed. It also shows they haven’t closed.** + +**TL;DR: Opening a huge naked short position requires market maker shenanigans. Leaving it unclosed requires further market maker fucketry. Both of these should be reflected in the proportion of GME shares executed at various market centers. I looked, it is. A market maker closing a massive short position should be reflected too. I looked, it isn’t.** + +I have been examining the order execution data for market centers handling GME order executions, read on for my findings. Citadel appears to have taken a *massive* short position in Gamestop in January. It looks like they continued to expand this short position via NASDAQ during February and March. They do not seem to have closed this position. + +Opening a massive naked short position in a very short period of time requires abusing market maker privileges. Doing this would result in distorting the order flow. Market centers where the shorting is taking place would see a spike in the proportion of the shares they were executing for the security being shorted. A market maker closing a massive position would cause the opposite. So, if Citadel has opened a huge short position and not closed it we should see evidence of this in the order flow. I looked at the 605 reports and found exactly this. + +According to my analysis of the order flow, Citadel has opened a huge short position, very quickly, in January, expanded it since then, and hasn’t closed it. Please read the following and come to your own conclusions on the quality of my analysis. This is not financial advice. I am an ape on a large dose of Ritalin. + +**Important background information on the special privileges of market makers when shorting** ***(OK TO SKIP)*****:** + +When opening a short position in your capacity as a market maker you do so by covering a buy order with your own capital. So, an order comes in for a security and you cover it, which is a way of saying ‘yes, I’ll sell that stock at X price’ even though you don’t already have a seller lined up to sell the share at that price. This is not uncommon, it’s definitely not illegal, and it’s very helpful to the market. In fact, one of the reasons market makers exist is to sell shares they haven’t yet lined up a seller for. This allows the market to flow smoothly as sales can happen quickly. It’s expected that the market maker will line up a seller for the share you brought from them very soon afterwards (often within seconds). However, they are not required to do so. Instead of lining up a seller for the purchase you just made from them, the market maker can take on a short position for that share (they are ‘short’ the share they sold you, so you essentially have an IOU from them). + +When shorting in this manner, the market maker gets special privileges under regulation [SHO §§ 242.200 - 242.204](https://www.law.cornell.edu/cfr/text/17/part-242) which allow them to short in cases where others cannot. Regulation [242.203](https://www.law.cornell.edu/cfr/text/17/242.203) allows market makers to be exempt from some restrictions when engaging in market making activities and regulation [242.204](https://www.law.cornell.edu/cfr/text/17/242.204) allows some leniency for failures to deliver when the transaction was for market making purposes. Essentially, the regulations covering short sales provide some leeway for short selling while market making. This is good, in theory, because it keeps the market flowing smoothly. + +The SEC explains the importance of market makers shorting [here](https://www.sec.gov/investor/pubs/regsho.htm) where they explain “market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market”. See the SEC link for a further explanation, they do a fair job of explaining it in section II of that link. The key point is that naked short sales by market makers are not an accident, they are a feature of the market. + +**The MOASS theory** ***(OK TO SKIP)*****:** + +Citadel has opened a *huge* short position in GameStop and hasn't closed it. The position was large in 2020, but expanded significantly in January of 2021 and continued to expand during February and March (I do not discuss any points after March as my data ends there). This short position is so large that it is multiple times the outstanding shares. Opening such a large short position, so quickly, requires that most of the short positions are naked. + +This is the theory I set out to test - has anyone opened a large naked short position during January and then expanded it during February and March? + +**Order flow data** ***(OK TO SKIP)*****:** + +[SEC rule 605](https://www.sec.gov/rules/final/34-43590.htm) requires market centers to release data on the orders they execute. This data excludes most retail sales and multiple forms of conditional sales. However, it does include a substantial portion of the volume, enough to give us information on which market center is executing orders for a particular security during a given month. Crucially, for my purposes, it allows us to identify broad trends in the order flow between these market centers. In most cases, this data is not very helpful because it is missing most of the interesting information (for example, it won’t distinguish between short and long sales). However, in my case it’s perfect because I do not want to rely on any information except the volume - I don’t want my findings to rely on Citadel accurately reporting anything else. + +It’s worth stressing that ***rule 605 data excludes most retail orders***. This is important for us because we already know Citadel is handling most GME retail orders. The short position Citadel has, supposedly, opened is so huge that the distortion in order flow caused would extend beyond retail orders, which makes 605 data the perfect place to look. + +**Order flow data and the MOASS theory** ***(READ THIS)*****:** + +The MOASS theory isn’t just about a short position, it’s about a *huge* short position. So huge that it can only have been created by a market maker abusing their naked shorting privileges. This would require them to sell the security they are shorting for a cheaper price than other sellers on the market at a large scale. Accordingly, more of the orders for the security in question would be executed by the market maker doing the shorting. + +In most cases the proportion of orders being executed is going to remain fairly stable because the selling pressure is going to be widely dispersed. If a share is being sold for X price at one market center, it’ll be sold at a similar enough price at the other market centers too. Sellers will gravitate towards the market center with the best price, so the prices remain almost identical. However, if one of the market center’s is driving the selling pressure by selling for a cheaper price than everyone else, the other market centers won’t be getting sell orders low enough to compete and they will lose out on the volume. Accordingly, if the number of short positions being opened at a particular market center spiked during January, we should see the proportion of orders being executed at that market center spike too. + +The same is true for closing a massive short position. If a market center is buying up a huge amount of shares, there will be a drop in the number of buy orders they execute (because they’re buying the shares themselves rather than selling them to others). The market center will also be reaching out to other centers to buy from them, which will raise the proportion of volume to those centers. + +So, my prediction is simple: if a market maker is opening a massive amount of naked shorts very quickly, they will have a higher proportion of the order execution volume. Conversely, if a market maker is closing a massive amount of naked shorts very quickly, they will have a lower proportion of the order execution volume. + +**How the data should look in the three possible cases:** + +***Hypothesis 1*** \- Citadel shorted GME a lot in January and then continued to do so through February and March: + +1. The proportion of orders being executed by Citadel will spike in January. +2. The proportion of orders being executed by Citadel will not go below the baseline in February or March. +3. The proportion of orders being executed by NADAQ or CBOE will spike in February and March (but probably not at both centers). +4. The NADAQ or CBOE spike, if it exists, will be accompanied by an anomalous number of their orders being executed outside of their venue (an artifact of an abrupt shift in order flow without adequate preparation by the market maker responsible). + +***Hypothesis 2*** \- Citadel opened a large short position in January and then closed it during February: + +1. The proportion of orders being executed by Citadel will spike in January. +2. The proportion of orders being executed by Citadel will drop below the baseline in February. +3. The proportion of orders being executed by the other exchanges will all rise, with Citadel’s lost share being shared approximately equally (as it buys up all it can). + +***Hypothesis 3*** \- Citadel opened a large short position in January and then closed it in January or they never opened a large short position at all: + +1. The proportion of orders being executed by Citadel will remain at baseline levels. + +**Notes on Citadel and NASDAQ/CBOE spikes or drops:** + +MOASS theory implies that Citadel would have been absolutely hammered in January during the massive influx of buying pressure and the threat of Melvin being forced into closing their position and beginning a squeeze. Accordingly, they would have been drawing all of the order volume to them by shorting all the orders they could to mitigate the upwards price pressure. This would result in the proportion of orders executed at Citadel spiking during January. + +MOASS theory implies that Citadel would have been expanding their short position in February and March while also avoiding their delivery obligations for the shorts opened in January. Expanding their short positions and opening new short positions to defer existing short positions can be accomplished by utilising two market centers with Citadel operating as a market maker in both. Essentially, Citadel could use its own market center and its privileges as market maker (for GME) at a second market center to make a market for itself. This would allow it to continue opening short positions while also shuffling existing short positions through the market. This would result in the proportion of orders executed at CBOE or NASDAQ to spike during February and March. I suspect Citadel would use either CBOE or NASDAQ for this because they are a market maker at both. I do not think they would use the NYSE for this as that exchange allows its market makers less latitude (and makes them compete against one another to a greater extent). NASDAQ is the most likely candidate as, prior to 2020, it does not execute many GME orders which allows Citadel a freer reign over any such orders that suddenly begin coming through that center. + +MOASS theory implies that Citadel would not have been covering their short position throughout this period. Closing a huge short position would cause a drop in the orders being executed at that center (because the center is buying instead of selling and will buy from other centers too). Accordingly, we should not see Citadel’s proportion of order execution drop below the baseline levels. + +**Proportion of GME shares executed at market centers** ***(READ THIS)*****:** + +https://preview.redd.it/anepludcx0z61.png?width=713&format=png&auto=webp&s=0f8e55d6589f05bc2d9b1968d75e757f07a66c65 + +As you can see, the proportion of shares being executed at Citadel’s market center spikes in January, which is consistent with hypothesis 1 and inconsistent with hypothesis 3. The proportion of shares being executed at NASDAQ spikes in February and March which is also consistent with hypothesis 1. There is no drop below baseline in the proportion of shares executed at Citadel’s market center, which is inconsistent with hypothesis 2. + +The proportion of GME shares being executed by the major market centers, as reported under rule 605 data, is consistent with what we would expect if a market center were opening a huge short position in January and then using their market maker status at a second market center to expand and obscure that short position during February and March. + +**Related speculation:** + +Notice the relationship between the drops/spikes in proportion of shares executed at Citadel and NASDAQ. This is consistent with Citadel being the market maker for GME at both. I suspect that the sharp changes in where these orders are being executed reflects Citadel’s attempts to open, expand, and manage their short position. The best places for them to do this are their own market center and NASDAQ, which matches the changes in order flow. I am hoping to gain access to historical NASDAQ level 2 data for this period which may show which of their designated market makers is responsible for their GME executions during this time period. Unfortunately I do not have this data yet, but I have reached out to NASDAQ and others who may be able to provide me with this data soon. + +**Proportion of covered shares executed at alternative venues** ***(OK TO SKIP):*** + +https://preview.redd.it/b1pefghhx0z61.png?width=686&format=png&auto=webp&s=af51e5492c62c779eb9882f8ebdae69ffb1ea147 + +As you can see, the spike of shares being executed at NASDAQ in February is accompanied by a spike in the proportion of orders being covered by NASDAQ but executed at another venue. This is consistent with hypothesis 1, it may indicate the orders being executed by a market maker abruptly moving their execution of a large number of trades from one center to another. + +**Related speculation:** + +This may be related to an attempt by Citadel to market make for themselves and push the price lower. Fighting back the February gamma may also be a factor. + +**Proportion of shares reported under rule 605 compared to total volume** ***(OK TO SKIP)*****:** + +https://preview.redd.it/k7e578csx0z61.png?width=817&format=png&auto=webp&s=e9ee738f2c85938b38cc1dfccd39d05e662318c0 + +I am using 605 data because I believe it to be the most reliable data we have access to. However, it is possible the 605 data could be misreported. Conveniently, we can check to see whether such misreporting is likely by comparing the number of shares being reported under the 605 data to the overall volume for the same period. If there were a sudden drop in the proportion of the GME volume reported under 605, it suggests there may be a reporting error. As you can see, I found no evidence of such an error. This doesn't mean there wasn’t misreporting, but it allows me to continue regarding the 605 data as the most reliable we have access to. + +**Thank you for reading** + +Thank you for reading my analysis. As I mentioned above, I have more data coming. I have also reached out to relevant experts who might allow me to expand, clarify, or correct my findings. I will update this post accordingly. There may be a follow up post if I have additional findings worth sharing. + +***Please be aware that this is not financial advice and all conclusions I have given are tentative. My findings are limited by my own shortcomings, which are numerous.*** +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) +Ok so I am feeling long term bullish on a Aussie medical cannabis. + +I have 3.5 reasons why going down in argument strength: +1) regulated but legal medicinal cannabis products will likely become available in Australia in the next year or two +1.5) even in if legalisation is slow continued global medical testing will create some demand +2) being an island in woop woop and strong regulatory bodies Aussie companies might have a competitive advantage at home and in the OCE +3) due to higher regulations and premium manufacturing costs there will be a premium on Australian products but they could be marketed as premium medical grace products + +Please tell me why I’m wrong, I’ve been sitting on a red CAN holding for a while but I’m convinced it’s long term bullish. Lord save my soul on the gambling I’m doing on the penny stocks +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) +title says it all. I had put in my two weeks' notice, intent on doing the right thing, but after another night of being chronically understaffed I couldn't take it anymore. I have references that I know I can use from a previous job (that I got fired from for being late in two separate instances that happened... over a year apart... long story,) but I'm terrified of the future now. I have a decent amount in savings and my landlord has agreed that me and my roommate (who is also currently unemployed) can pay the next three months' rent in advance, but like... I'm terrified. Is this life ending? I just couldn't take it anymore... I've only worked fast food and manufacturing before and I can't stand feeling like I'm going to be stuck like this forever. + +**ETA**: wow, thanks for the overwhelming response, y'all! I definitely can't reply to EVERYONE but rest assured I'm reading and taking all your advice to heart-- I mean it: THANK YOU! + +For those asking "why pay rent 3 months in advance?" It's a safety net, knowing I've already put that money forward into rent and not having to worry about it for the summer months is for my own peace of mind (as well as my roommate's!) I've signed up for DoorDash in the meantime to cover other bills. +After a bit over two years of searching for an apartment, we won ours at an auction today. A bit over our conservative budget, lower than we thought it would go for. + +I got cold feet half way through the auction despite coming in with a strategy confirmed 3 times in weeks prior. I was going against this lovely boomer lady who kept decreasing the voting step from 10k to 5k to 1k to 500k but never stopping. It was dragging on for 15minutes as we slugged $500 bids just above the reserve, $10k under my limit, yet I wanted to resolved to stop. + +And after 3x $500 gapps my wife pushed us towards, she had given up as well... Still about $7k shy of how much we wanted to make an offer prior to the auction. But a thought of laying in bed regretting it was what shook me out of it and I had woken up to give another two bids to secure it. + +In hindsight, thank God I did that. We were lucky that auction was not well attended, only pre approved people could inspect the property which only offered 30day settlement, so competition was minimal. Also my second positive experience with a REA in 2 years I've actively searched. + +Am I afraid of the price drop? I paid over $50k (9%) in rent since I've started looking in 2018. Covid killing the rental market definitely helped as it had shaved about 6% off the price from last year when the worse similar unit sold, evidently by the lack of rental market. I got it for the same price previous owner had 5 years ago. + +Here is to hoping no flammable cladding issues emerge in this 1996 building. Wife is in-love with it. Plan is to live a few years until our family expands and push us to go for a house, hopefully somewhere far from this unaffordable town. + +Ta for all the support +Why do they punish you for paying off debt? It makes no sense. + + + + +Edit: The reason I am upset is because I was planning on using my newly improved and raised credit score to get a balance transfer card for my 5th credit card. +This [article](https://www.chartr.co/2020/a-year-in-charts) (chart 13) goes back through the last **10 bear markets,** defined as when the **S&P 500 Index falls more than 20%** from its previous high, to see how the 2020 bounce compared with history. It reveals two things about the 2020 bear market – that it was simultaneously the **sharpest decline** and the **sharpest bounce back** of any of the last 10 bear markets. +Gilead Sciences potential antiviral drug for coronavirus, Remdesivir, "flopped" in its first randomized clinical trial, according to the Financial Times, citing draft documents published accidentally by the WHO. The Chinese trial showed Remdesivir didn't improve patients' conditions or reduce the virus in the bloodstream. The drug also show significant side effects. + +The study was terminated early due to low enrollment and was underpowered to enable statistical meaningful conclusions, said Gilead. [source](https://www.streetinsider.com/FDA/Gilead+Sciences+%28GILD%29+Antiviral+Drug+Remdesivir+Flops+in+First+trial+-+FT/16777741.html) + +&#x200B; + +>UPDATE: Gilead Says Investigators In Remdesivir Study Did Not Provide Permission For Publication Of Results, Confirms Study Terminated Early Due To Low Enrollment +> +>\^ saw this in a tweet, looking for source. (its really common for headlines to get put on terminals like this) +I emailed Tom Sosnoff asking about the status of the long rumored Tastyworks API and got this response: + +" Thanks Duncan! Our API should be out by the end of this summer. But we’re going to be pushing out back testing software in the next couple weeks that I think you’ll really like! We’ve been playing around with it internally and it’s awesome! We’ll have more info on coming this week! Enjoy the weekend! " + +Pretty exciting news! +I'm a begginer trying to set goals. All these giant real estate guys explaining how they blew up makes no sense to me. The math behind it makes sense, understand the whole buy real estate, let it appreciate, refinance, and use profit to buy more. But in the end, they still owe back the inflated refinanced amount. What's the purpose of building a giant portfolio with high debt? It seems like a cycle that would never end and never actually be profitable. Or is that the point... Just keep dumping until your lifestyle/life can be written off in some aspect of your business. +Confirmed in a new 8-K filing: https://gamestop.gcs-web.com/node/19686/html + +"On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend and provide flexibility for future corporate needs. GameStop also intends to request stockholder approval at the Annual Meeting for a new incentive plan (the “2022 Equity Plan”) to support future +compensatory equity issuances. If the 2022 Equity Plan is approved by stockholders, it will replace the current GameStop Corp. 2019 Incentive Plan (the “2019 Plan”), and 8,000,000 shares of the Company’s Class A common stock, plus any shares subject to the 2019 Plan that expire, are forfeited, cancelled, terminated or settled in cash after the 2022 Plan is effective, will be available for issuance under the 2022 Plan. GameStop’s Board of Directors has approved both stockholder proposals, but the stock dividend will be contingent on final Board approval." + +Very interesting and exciting news given how heavily shorted GME is. Based on the filing, GME has an authorization of 300 mil shares which they intend to increase to 1 bil shares, meaning the split could be anywhere from 1:4 to 1:13. There is speculation that because this is a stock dividend, it may relate somehow to the NFT marketplace GME is introducing later this quarter. Looking forward to what happens. Market reacting nicely after hours. +I went to do a job interview on Wednesday and everything went well, it seemed like a good place to work and the people seemed friendly. I was talking to the hiring manager and I mentioned if I could give my 2 weeks and she said yeah. I gave my noticed Thursday and just a little extra information about my job, it's terrible. Not the customers ( we are an optical store ) but the managers. The only reason they keep me around is because I'm the only one out of 12 employees that speak spanish. They refuse to hire anyone else that speaks Spanish. I've met like 4 people who came in for an interview and looked the part ( dressed to impress ) and didn't get the job but some others did. Come to find out they were friends to the managers. I also never get the commission because I don't finish a sale. I get a lot of customers scheduled to me because again...spanish. once I get done testing a customer ( not my job but no one else can help them ) I can't really go around the store helping choose the type of glasses or frames they need so I lose out on a sale. Anyways sorry I went too deep. Anyways I was really wanting to leave and I gave my 2 weeks and this job I was going to work for sent me a message saying that since I can't start Monday they will withdraw from hiring me. Now I don't know what to do. This pandemic makes getting jobs really hard. I've been looking for the last 2 months and this one was one that got back to me. I know my resume looks fine. I'm just really upset and need advice. + +Edit: Thank you all for the advice. Tbh it really opened my eyes. It's true I dont have to give them courtesy but it's just how I am, but maybe I do need to change that. I should look out for myself. It kinda feels weird. I've been kinda hyping myself up to tell this new job I can start Monday( hopefully ) and quit my old one tomorrow. I feel weird thinking about it. + +Update: I wasn't expecting this many replies, thank you for that and thank you for the medals. It's the first ones I've gotten! Like I've mentioned before my eyes really did open up. Unfortunately the new job wasn't responding to me but I have 2 interviews in this upcoming week. I now know to just take the job. I really do appreciate all the help and how many people are so ready to lend their knowledge and experience. You all are the best. I hope each and everyone of you have happy and joyful life. +Happy Saturday! Just a few items and then you can get back to your weekend! + +Okay, this just came to me today, but I just saw this comment: + +>"A.P.E. means ALL PEOPLE EQUAL we are all apes. This is the way.” -u/Skeetbombs + +And can you not think of anything more diamond-perfect in your apish lives??? How is this not the most perfect thing: "All People Equal" - it's even in ape speak. "All Apes Same" is the same meaning. + +It's perfect. Like a diamond. 🤩 + +# Life Finds a Way + +There's been a lot of FUD lately and generally try to follow a simple philosophy: counter it with HYPE. This keeps us thinking and creatively concocting ways to keep the sub stonky. + +https://preview.redd.it/5ftt36turm071.jpg?width=1424&format=pjpg&auto=webp&s=927238b4a6a7cfd3032962bbea44cf530c786db3 + +**So, we have made some upgrades to three mods' permissions:** + +* u/luridess +* u/jsmar18 +* u/catto_del_fatto + +In addition to proving their merit as mods of this sub and hosts of r/Superstonk Live, they have been working diligently to review DD, transcribe AMAs, facilitate projects, monitor the well-being of the sub, and overall have become invaluable members of the team. + +The added permissions now include all but system settings and wiki. They are now at the same level as the other established mods. Thank you both for being Apes First!! + +**Additionally, we have added two new mods with limited permissions:** + +u/sharkbaitlol \- the author of [Chaos Theory - The Everything Connection](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/) will be working on creating a Wiki DD Database as well as being a DD focused mod + +u/Bradduck_Flyntmoore \- has a lot of experience dealing with people and will be helping us moderate the sub and foster a strong ape community + +These two have been in mod chat for a few days and the whole mod team is excited to make them official. Let's give them a huge welcome!! + +# Did you vote? + +Comment anywhere on r/Superstonk under any post **!apevote!** to get your vote flair. Can't vote? Type **!novote!** instead. + +https://preview.redd.it/r0b62vlvrm071.jpg?width=620&format=pjpg&auto=webp&s=accdd8c4d5b1fc26cbca4d4ce84e7072e227d4ec + +* [**EuroApes: Voting Info**](https://www.reddit.com/r/Superstonk/comments/nc8d2u/europoor_here_is_carl_hagbergs_advice_on_how_to/?utm_medium=android_app&utm_source=share) **(**[sorry this may happen](https://www.reddit.com/r/Superstonk/comments/nib2f1/europoors_receiving_their_proxy_vote_materials_a/)**)** +* [Also... This warmed my heart.](https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/?utm_medium=android_app&utm_source=share) +* And u/dlauer being a [diamond ape](https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/?utm_medium=android_app&utm_source=share). + +# Welcome to The Jungle Beat + +&#x200B; + +[Featuring segments from apes like you.](https://preview.redd.it/wvnh92br3o071.jpg?width=968&format=pjpg&auto=webp&s=2d84075de4320292368f01d7ce0ecf10eae8a131) + +u/PinkCatsOnAcid and u/Bye_Triangle have an exciting new segment that recaps the events of r/Superstonk itself and also showcases apes in the community. I am very excited about this because this is very much in line with what I like to see: the community. + + Here is a word from u/PinkCatsOnAcid: + +>Welcome to the Jungle Beat +> +>This daily post will be written by apes, for apes. Whatever exciting stuff you see happening around Superstonk and within the ape community, is the essence of the Jungle Beat. Imagine the Superstonk Daily with a Lazer focus on the community. u/Bye_Triangle and myself will be bringing you trusted, verified information including special announcements and regular updates from your mod team. +> +>Superstonk is just the stage we have built. The stars of the show are you apes. 💗 + +Make sure you look for The Jungle Beat posts starting Monday! + +# Coming Soon on r/Superstonk Live + +Make sure you subscribe and enable notifications to stay updated on the [**Superstonk Live Channel**](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA). + +>[https://www.youtube.com/c/Superstonk](https://www.youtube.com/c/Superstonk) + +[**Monday, May 24 @ 4:30 p.m**](https://youtu.be/wuPizlDY0Ys)\*\*Lucy Komisar, Investigative Journalist (Part 2)\*\*Hosted by u/Luridess + +[**Wednesday, June 2 @ 4:30 p.m.**](https://youtu.be/q8-JO3g5bm4)\*\*Wes Christian, Legal Advocate for Financial Reform (Part 2)\*\*Hosted by Lucy Komisar + +# New YouTutube Programming + +**I am thrilled to announce our latest idea for the YouTube:** an ape-focused discussion show, to be held weekly on the weekends, moderated by a sub mod (or non-mod), and starring... You, the true apes! + +[Things are great, but they could be better!](https://preview.redd.it/qotf9alwrm071.jpg?width=1200&format=pjpg&auto=webp&s=26eb0d380271f7a80b3ea5ab136554c4944a3bf8) + +The idea is simple. We can host up to 10 people at once and live stream them over the Superstonk Youtube Channel. We would select people to join the stream beforehand, or even during, and can use this as a way to let apes discuss topics on the sub as a group for all to see. This could also be a great way for the community to ask questions and have the panel discuss. + +If selected, you would receive an invite link that lets you easily connect to the live stream. Then a live editor (currently me) will run tech in the background to bring people on and off, turn on screen share or graphics, and even put Live Chat questions onto the screen. + +We are still formulating details for how this will be structured, and we want to start with one panel per week due to our schedules. However, based on community reaction, I'm sure it will evolve over time into something truly special. + +**However, first thing is first. We need a title.** We picked three fairly solid options so please use the poll below... Or leave a suggestion in the comments. + +My favorite is *Monkey Business* 🦍💼 + +# Onward, and Upward 🚀 + +I'm excited for what is next. Thanks for being ApesTogetherStrong!!!🦍🦍 Ook ook 🦍🦍 + +[Be excellent to each other.](https://i.redd.it/zqoukljzrm071.gif) + +[View Poll](https://www.reddit.com/poll/nilq5f) +Total opinion here, but given the appearance of a bunch of posts saying to hold onto cash for a “big drop” post splividend, I felt obligated to post. RC recently tweeted about dingleberries, and I believe that was signaling SHFs are barely hanging on. This upcoming week is crucial! The splividend occurring is causing lenders to hold onto shares and making GME VERY hard to short this week. This week is a critical week to apply buy pressure and we could see good upwards movement. Possibly enough to trigger margin calls of the hedgefunds and MOASS. I believe the FUD campaign is currently to convince apes to not buy this week and hold onto cash reserves for a “dip” post splividend. The entire purpose is because they can’t easily suppress the price when no one is lending shares, THIS WEEK! Huge amounts of buying this week could end this! Let’s fucking go apes! Power to the players! Tomorrow we liftoff! Buy, hold, DRS! +I feel like all we ever hear about is how Tesla is going to be taking over the world in five years. I don't know much about it, but curious to hear people's actual bear cases, not Cathie Wood's where it is worth 1500$ a share, or who has made a good bear case for it in the past. +Too often, someone will say that Warren buys and never sells. Most recently, it was said by a respected Bloomberg journalist Erik +Schatzker in his interview with Chamath below. (Link below) Not to pile on this journalist, I hear it on a weekly basis from CNBC to Timbuktu. Anyone know why that is? + +['All Things Chamath': Palihapitiya Outlines His Vision](https://www.bloomberg.com/news/videos/2021-02-12/-all-things-chamath-palihapitiya-outlines-his-vision-video) + + +Examples of Warren selling stocks: + +Warren sells GS: +[Warren Buffett traded Goldman Sachs for gold in Berkshire Hathaway’s newly revealed portfolio](https://fortune.com/2020/08/14/warren-buffett-goldman-sachs-gold-berkshire-hathaway-portfolio-occidental-stock-wells-fargo-jp-morgan-kroger/) + +Warren sells airlines: +[Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus](https://www.cnbc.com/2020/05/02/warren-buffett-says-berkshire-sold-its-entire-position-in-airlines-because-of-the-coronavirus.html) + +Warrens sells IBM: +[Warren Buffett buys a drugmaker and dumps IBM](https://money.cnn.com/2018/02/14/news/companies/warren-buffett-teva-ibm-apple/index.html) + +EDIT: + +Thanks to everyone who commented. A user just shared this link where Buffet himself is heard talking about the issue via the following quote “We don’t hold stocks forever”: + +[Buffett: We don’t hold stocks forever](https://www.cnbc.com/video/2017/02/27/buffett-we-dont-hold-stocks-forever.html) +You invested in a stock with reasonable PE and a good balance sheet. What went wrong? What's the lesson? + +I bought REGN at $580 - and maybe it is a great company but I got scared by upcoming patent expirations and realized that pharmaceuticals are way outside my circle of competency. If you're not certain about a company you can freak out and sell when the price goes down. +💎🙌🏽 Fiat integrated: No exchanges & extra fees, buy directly from your Visa/MasterCard Credit/Debit. 💎🙌🏽 + +💸 🤑 Earn by 3 income types! 💸 🤑 + +1. Holding DCIP --> Every trade made you earn %! +2. Price Speculation! --> Growth of 2000%+! +3. Investment profits! \* I dare you to make your own proposal, and get the community on board to accept it! If your proposal is accepted you will earn 2.5% of the profit without CAP! + +&#x200B; + +Have a look at Youtube, + +To understand the basics of DCIP: [https://www.youtube.com/watch?v=Me-GymG1JWs](https://www.youtube.com/watch?v=Me-GymG1JWs) + +To understand the dApp of DCIP: [https://www.youtube.com/watch?v=ifjDF7dv\_5M](https://www.youtube.com/watch?v=ifjDF7dv_5M) + +&#x200B; + +🔥 50% Burned at launch! 🔥 + +10% Standard Tax divided into: + +1. 3% Liquidity, +2. 2% Redistributed to holders 🤑, +3. 2% Burned, +4. 2% Community investment wallet, +5. 1% Marketing wallet. + +&#x200B; + +Swaps within 24 hours✅ have a 7% Punishment tax divided into: + +1. 4% Community investment wallet, +2. 2% Redistributed to holders🤑, +3. 1% Burned. + +&#x200B; + +📱 Telegram: [https://t.me/DCIPfinance](https://t.me/DCIPfinance) + +🌐 Website: [https://dcip.finance](https://dcip.finance/) + +📲 dApp: [https://app.dcip.finance](https://app.dcip.finance/) + +🔎 Litepaper: [https://dcip.finance/DCIP-Litepaper.pdf](https://dcip.finance/DCIP-Litepaper.pdf) + +🛡 Audit: [https://dcip.finance/Audit\_CTDSEC.pdf](https://dcip.finance/Audit_CTDSEC.pdf) + +💱 Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f) + +📈 Bogged: [https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f](https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f) + +🔐 LP Lock 10 years ($2000k+!): [https://app.unicrypt.network/amm/pancake-v2/pair](https://app.unicrypt.network/amm/pancake-v2/pair0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c) 0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c + +📈 Coinmarketcap: [https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/](https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/) +Newbie investor here so this is my first federal election. How might the campaign and the results impact sentiment in the markets? Do campaign promises and polls throw TSX stocks for a spin? +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? +It's just me and my dad (my mom passed a few years ago) he's pretty abusive and an extreme alcoholic. He hasn't put me through school so I learned what I could off the internet. + +I don't have any friends or family members who would be willing to help (my dad doesn't have contact with any side of his family and they are all pretty bad people to be honest) so I can't do that. + +Only he has a car so I'm out of luck there, he has made it very clear that he wants me out when I turn 18 and I'm honestly not sure what to do. I have a good 4 months before then. + +I live in Texas if that makes any difference. + Apparently there's been 300% increase in Aussies with gambling addiction over the past year, and my friend also just sent me this [RMIT research](https://rmit.edu.au/news/acumen/pleasure-and-pain-of-gambling-in-covid-19-australia). I'm guessing this must be mostly gambling apps like SportsBet and TAB, since casinos have been closed with covid. + +Curious to hear what everyone thinks - are betting apps the new pokies? + +Has anyone here found themselves on betting apps more than usual during lockdown? I feel like Olympics probably had an impact too! +"Owners reeled in 1 to 4.3 percent more for similar properties than agents did, depending on the market. And that’s before you consider that owners also are saving up to 3 percent by not paying a commission to a listing agent." + +[https://www.washingtonpost.com/business/2022/12/02/best-states-to-live/](https://www.washingtonpost.com/business/2022/12/02/best-states-to-live/) + +**You have to scroll down past the first story to the part where they compare sale-by-owner and sale-by-agent, but it's interesting** +By comfortable, I don't mean having net positive cash flow in your first year or something, although that could be one's interpretation of "comfortable," which I'm not putting down. + +I'm talking about when you finally felt like you succeeded in real estate investing. That feeling when you're, like, "You know what? All of those hours of research, learning, networking, landlording, rehabbing, etc., is paying off and was worth every second." + +I know this will vary based on location, so I was just wondering +So about a month ago I was at work and started feeling sharp pains in my side. Walked myself to the Urgent Care. They called me an ambulance as they said it could be a kidney stone or appendicitis and both were life-threatening. + +The ambulance company sent me documentations to see if I qualify for full or partial write-off, which I appreciated. + +The hospital however, sent me a [bill of $5,077.90](https://imgur.com/a/wFWVhbo)... and after I told them that I have no insurance; that wife and I are SEASONAL workers in retail and that Unemployment completes my income; that we pay daycare; their reply was "best we can do is take 35% off for self-pay". + +I asked if there was anything that I can do to qualify for a lower amount, any charity programs. + +"Nope." + +Now I've read of people on this sub that have managed to reduce a hospital bill of this amount to about $500. But this hospital doesn't seem to be willing to work with me at all. + +I appreciate all help and advice. + +**EDIT: Updated link with ITEMIZED BILL.** + +**EDIT 2:** Wow! I am truly blessed to be overwhelmed by so much support! Thank you all for the advice and care. Also thanks for the upvotes and awards! + +**EDIT 3 on Seasonal Work:** + +So I got a lot of questions as to why my wife and I don't have full-time jobs. I'll gladly share my story and try to not make it too lengthy. + +My wife and son are Brazilian immigrants. I finally managed to bring them here in March 2019. It took nearly a year for my wife to get her Greengard and, thus, be eligible to work in the US. + +In January of this year I got fired from my dream job, where I earned $45,000/year. + +I picked up my old job at retail (Best Buy) of $15/hr and I was labeled as SEASONAL in the system, since no part-time or full-time positions were open. + +Then covid came and I got furloughed. + +After 3 months, I was called back still as SEASONAL. However now, there's even less chances of Part-Time or Full-Time positions being open. Meanwhile, my wife got hired at Marshalls at $10/hour. + +We've been searching high and low for better jobs and have been going to interviews, but, as usual, all we hear is "we'll let you know either way." + +I hope this clarifies some. + +**EDIT 4:** Kind people. My family is truly blessed to have such overwhelming support from such a positive and helpful community! + +I PROMISE you that none of your comments are being buried and that I'm reading each and every one! I'll do my best to keep replying but I work until late and then work the morning shift tomorrow. But thank you all so much! +At the bottom: + +​ + +" Apple Inc ([AAPL.O](https://www.reuters.com/finance/stocks/overview?symbol=AAPL.O)), Alphabet Inc ([GOOGL.O](https://www.reuters.com/finance/stocks/overview?symbol=GOOGL.O)), Netflix ([NFLX.O](https://www.reuters.com/finance/stocks/overview?symbol=NFLX.O)), Microsoft ([MSFT.O](https://www.reuters.com/finance/stocks/overview?symbol=MSFT.O)) and Facebook Inc ([FB.O](https://www.reuters.com/finance/stocks/overview?symbol=FB.O)), are some other top shorted U.S. stocks, as some investors have bet the high-flying technology names are due for a pullback. " + +&#x200B; + +Also amazon is now #1 most shorted stock. + +​ + +[https://www.reuters.com/article/us-tesla-stock-shortsellers/as-tesla-shares-fall-amazon-takes-over-as-most-shorted-u-s-stock-idUSKCN1LF2KL](https://www.reuters.com/article/us-tesla-stock-shortsellers/as-tesla-shares-fall-amazon-takes-over-as-most-shorted-u-s-stock-idUSKCN1LF2KL) +Having a debate with a friend , my question is - + +"If I own all available shares of a company , could the share price change the following days if no shares are traded? " + +meaning, no shares are being bought because I am not selling any of my shares + +to me, share price shouldn't change because the share price is determined by the last price someone bought / sold a share for . if im not selling any of my shares , and i own ALL shares available for the company, should the share price remain the same until a transaction occurs ? +Hey everyone, I booked a round trip ticket and used the first half of it to get to my destination. My return flight has been cancelled and the airline said they'd refund me $200. I think this is unfair (I'd expect half, at least) and I'm wondering if I could do a charge-back with my bank. However, I paid with a debit card, and this is my first time doing something like this. + +Any help would be appreciated. +* COVID-19 or coronavirus has significantly impacted the stock market. +* How should we respond to this unanticipated market plunge? +* What would be a winning investment strategy? + +Here’s the approach that I’m taking as a response to the market turmoil. I’m sharing my pick of the stocks that I plan to buy now as well as what I think is a good investment strategy. + +https://themetareview.com/turning-stock-market-plunge-into-an-opportunity-the-coronavirus-outbreak/ +I'm new to investments and trying to decide which is best strategy. I'm 34yrs old and 100% disabled with no earned income. Im not allowed to work, but still need to invest in my future. Should I be investing in long term growth, or value to build up my money? + +Also, which 3 EFTs do you suggest? +The high level of developer adoption in Ethereum is a huge competitive advantage and is what all the other “smart contract” blockchain projects salivate for and are constantly trying to pry away from us. There is currently an opportunity in the Ethereum ecosystem that is being provided to us by the current Internet hegemony, which has a strong tailwind with no end in sight. But before discussing that, first a quick look at what helped Bitcoin succeed so we can see the parallels. + +Bitcoin came into existence in early 2009-- a time when many people had lost faith in the global financial system. Bitcoin became successful due to many factors, but in part, it rode on the back of this narrative of evil central banks, their easy money policies, and a reckless banking system. This helped give Bitcoin the momentum it needed as it slowly memed itself to success; it galvanized a very passionate core group of followers who constantly criticized government money, shouting from the rooftops. As we look back, had governments instead been fiscally responsible and not let banks be reckless, etc., bitcoin may not have had the same success it has had. Clearly, government/political recklessness gave some people a reason to care about bitcoin and these fanatics helped spread the word about this “new money" alternative. + +Similarly, we're at the beginning stages of riding on the back of another narrative. This wave will be driven by a narrative around the lack of data privacy and security. With all the hacks, misbehavior and abuse of people’s data and privacy, increasingly more people are fed up with the current state of the Internet. Thanks to Ethereum as an incentive layer, some new systems are being built optimizing for privacy and security. For example, Golem is building a network for cloud computation with a focus on the user being in control. Streamr is building a network of real-time data streams where the user owns and is in control of the data and it is encrypted. There are other good projects doing other things optimizing for data privacy and security and the important theme is, and will be, about the user being in control. Current centralized systems cannot credibly offer those features, just like they couldn’t offer something like bitcoin. + +Apart from quality and timely tech development, this movement—just like with bitcoin--needs constant shouting from the rooftops, endless memes, etc. We need more Ethereum fanatics, and more fanatics of these certain other projects who will help spread the gospel. Essentially, we need all the ingredients that willed bitcoin to success, aside from the obvious ingredient of tech development. + +This is an uphill battle and will not be easy. Each of us can get involved and help take back what we should have never given up in the first place to these internet giants. +Reasons why I think Uncle Bruce is likely to be a shill. + +\- He endorses Jim Cramer. +\- Earlier today, Uncle Bruce was trying to convince his viewers to write GME call options at $500-$600. +\- Months back he was preaching about how GME's price could explode as margin calls take place. +\- He has restricted comments to paid members only so there is no way to warn his viewers. +\- He is constantly trying to convince his viewers to buy lesser known SPACs. +\- He constantly says that GameStop should release more and more share's into the market whether or not it damages the MOASS. +\- His background story makes no sense. + +It was hard for me to write this as I generally don't like to publicly question peoples character but this dude is visible and it would be a shame for new apes to miss out or be mislead because of poor advice. Us seasoned apes already know to be very weary of these YouTube actors. + +\---------------------------------------------------------------------------------------------------------- + +EDIT: Thank you for all of the upvotes and awards. Even though I know similar has been discussed before without much coverage, I wanted to make sure that any new apes who stumble across Bruce (or any other YouTube actor) receives the necessary warning as it looks like we are fast approaching the MOASS. +In March of 2018 I bought the LG GS-L668PNL fridge for **$1498**. That was the retail price at the time. The same fridge is available now at many retailers for an RRP of **$2099**. ([example](https://www.thegoodguys.com.au/lg-668l-side-by-side-refrigerator-gs-l668pnl)) + +Is this COVID related? The price of the same fridge has increased by 40% from 3 years ago! + +Should I start investing in fridges now as an appreciating asset? +This is very bad move by government.. + +RBI to transfer Rs 1.76 lakh crore surplus to government +The transfer sum comprises of Rs 1.23 lakh crore of surplus for the financial year 2018-19 and Rs 52,637 crore of excess provisions identified under the revised Economic Capital Framework (ECF) that was adopted at the central board meet. +http://www.moneycontrol.com/news/business/rbi-to-transfer-rs-1-76-lakh-crore-surplus-to-government-4373701.html +In a big move today, the Reserve Bank of India suspended operations of CKP Co-operative Bank and cancelled its licence. + +RBI reasoned that the financial position of the bank is highly adverse and unsustainable. There is no concrete revival plan or proposal for merger with another bank. Credible commitment towards revival from the management is not visible, observed the central bank. +Actual post is below under the line, here is a long edit in response to FUD-packers. + +EDIT: Thank you SO much for response, i am overwhelmed and titjacked from your feedback! Thanks! + +In response to some FUDPOSTERS arguing to the point that this is not an official SEC communication. Well duh. The first line in this post is clearly saying whats up: "___its a speech published on SEC website___". The speech partially describes what SEC is up to, like LIBOR-stuff and the coming meme-stock report. Partially it describes the opinions of its author, a commissioner with longstanding SEC-involvements, and her take on the direction of the coming official SEC-report. As a very knowledgeable person she interprets the road ahead (e.g. phrases like "...looking forward to a road that is likely to be rich with regulatory change..." etc). Further, my post is, very obviously, an interpretation (but with direct quotes provided as substantiation for my interpretations), even as the speech itself contains many interpretations and opinions. + + +___IMPORTANT:___Nevertheless, this is NOT JUST OPINIONS. Its on the SEC website, clearly showing that: + +A) SEC WILL PUBLISH A "MEME-STOCK REPORT". + +B) Further, it shows that the ___PROCESS IS ALREADY UNDERWAY, and she gives a taste of what we WILL see in the OFFICIAL SEC REPORT___. For example: "The staff is working on a report about the events related to meme stock trading... As usual, commentators have gotten a head start and have ___identified a number of regulatory responses___, including possible regulation of family offices and enhanced disclosure requirements for synthetic stock positions created through the use of total return swaps and possibly other derivative instruments. + +C) Get a load of this. No one is talking about "possible regulations", or "this may happen". The language on the current status of the memestock report is like this: "commentators have... identified a number of regulatory responses". There are NO conditional phrases here. They have fucking identified regulatory responses. + +Dont let these FUDposters steal the joy here, saying these are just loose remarks unassociated with SEC. ___THIS IS FALSE___. In this way, SEC coming report and ITS ANGLE IS LEAKED: A) SHORTS ARE THE BAD GUYS and B) THERE WILL BE REGULATIONS. + +___TLDR: SEC IS WORKING ON MEMESTOCK RELATED REPORT THAT IDENTIFY PRACTICES OF ILLICIT SHORTING IN RELATION TO SAID MEMESTOCKS, AS WELL AS REGULATORY RESPONSES. THIS IS RIGHT IN THE SPEECH ALREADY 28 APRIL.___ + +We have been waiting for this FOR AGES. And now WHEN IT IS OUT IN THE OPEN, YOU FUD? By all means, give counter-DD or whatever, but 90% off this shit below is straightup FUD. Get this OUT. Open fucking Champagne. We now ___KNOW___ SEC has eyes on this, and even that regulatory responses are in the works. ALSO BTW FUCK KENNY AND HIS FRIENDS TYVM. + +------------------------------------------------------------------------------------------- +_________________________________________________________________ +------------------------------------------------------------------------------------------- +_________________________________________________________________ + + +___TLDR___ +On April 28th, the SEC website published a speech that has NOT recieved its due attention from apes. This is a very strong and direct piece, even calling short hedgies "werewolves", and i think by this piece they want to get our attention. +This speech delineates, among other things, the parameters of a coming SEC report related to "meme stocks". The speech is way out of SEC historical comfort zone, and it goes to show that they see our frustration. Otherwise it wouldn't have been this strong. It is not written in typical SEC-speak either, it is written in the most simple and easily understand (yet precise and legally prudent) way it possibly can. For me, it is very clear that they want to say something like this: "Meme-stock holders (i dont like this designator either, but nevertheless, it is very clear what they mean): we see your frustration. We have our eyes on this. Here is our position: + +a) there ARE SHORTIE FUCKERIES related to e.g. GME stocks. + +b) SEC will address it with regulations, that are ALREADY IDENTIFIED. + +c) SEC should NOT give a fuck about hedge/financial institution loosing ALOT of money. + +d) Bonus: LIBOR is fucking done for. [GET A LOAD OF THIS!] + +-------------------------------------------------------- + + +Fellow Apes, I come before you in [GG-speak] these "important times". On April 28th, the SEC website published a speech that has NOT recieved its due attention from apes. This is a very strong and direct piece, even calling short hedgies "werewolves", and i think by this piece they want to get our attention. Before i give just five very important quotes from this piece, here is the link: +https://www.sec.gov/news/speech/werewolves-of-change + + + +___Summary___ +The SEC will issue an entire report focused on: "the events related to meme stock trading". Expected to follow from this: "regulatory initiatives". This is again repeated: "regulatory changes might be appropriate". So what problems do they identify? Get this: "enhanced disclosure requirements for synthetic stock positions created through the use of total return swaps and possibly other derivative instruments". Fffuuuuu.... + +Best part is this though: "The staff is working on a report about the events related to meme stock trading... As usual, commentators have gotten a head start and have identified a number of regulatory responses...". Read that again, now pop that champagen [Futurama-spelling, you wouldnt get it]. + + +Here is an item of worry in the piece: "Let us carry out the necessary analyses to determine whether there is a problem that market participants cannot resolve on their own." This reeks of intervention, so they are being open with this reality in that the domain of "meme stock" fuckeries may be under SEC formal disciplinary responsibility. And that is true. However, they the author counters the inverventionist implications by saying, DIRECTLY afterwards: "Preventing family offices [A hedgefund, Archegos, being given as one example] from losing their fortunes is not in the category of problems that the SEC needs to step in to solve. Similarly, the mere fact that trading desks at some financial institutions lost a lot of money should not cause us a great deal of concern as long as their activity was consistent with our rules". + + +Alot happens here. First, the author is explicitly saying they couldnt care less about HEDGEFUNDS LOOSING MONEY. Realize author is in no way obligated to be this clear. Furthermore, she even took the care to specify what we are talking about more precisely: "A LOT of money". SEC shouldnt care. And it gets even fucking more badass, get this: "such events ["financial institutions loosing A LOT OF money"] inevitably serve as LESSONS for risk managers". Can you imagine ONE single way of for how SEC-commisioner may [in a legally prudent way] write the piece more offensively to hedgefunds? I cant. + + +It ends on a note invoking the analogy of werewolves. I have never come across this in ANY official communication. Werewolves are predators having two shapes; one acceptable, and simultaneously underneath, another shape being evil and destructive. This is extremely strong language. Author is identifying a "bad guy", THIS PRIOR TO THE ACTUAL REPORT EVEN BEING ISSUED. And it is clear (above) that this is the angle the report will take. Author has given, without actually naming them now, an unmistakable description of who they are. And it is not apes. Apes and other retail GME fanbois can be called alot of things, but NOT werewolves. Apes have been clear from day one with the intentions, and however you morally assess ape prospectives of MOASS and shit, Apes are NOT twofaced. But this is the one feature that sets out werewolves. So who then are the enemies, if it is not the retail-side of "meme stocks"? You know it. Hey Kenny...... + + +___My proposal:___ I realize 99% here are now on the Musk train of thinking SEC are shitheads. They probably are, or at any rate, have been. But lets realize that if they are 100% crooks and suits, they wouldn't want to regulate meme stock shorting. Yet here we fucking are (IN YOUR FACE sHFs)! Lets give them ONE chance. Lets hold, and let them issue the report describing their take on "meme stocks". If they fuck it up, fucking egg all of them and get pitchforks. But for now, they are stretching out a hand - lets hear them out. Who the fuck would have imagined a month ago that SEC would host fucking Harry Potter level dramatury FUCK HF-publications like this? This is unprecedented. It appears to show that GG is more ready to fuck shit up than we are, and thats saying alot given how much we all long for taking a good long shit on sHFs. He has been waiting for over a decade for his comeback. Allow him ONE chance. Lets give him, at least passively, our support until them. He is a POLITICIAN and while he has technically room to manouver, diplomatically he is also limited by the public sentiment. Lets show him that, to expand his room ALOT. Lets show him: we too, think sHFs should get a "lesson". We too, want werewolves to be called out. We too, want avg joes to get just a FAIR CHANCE. Let him ride on an everflowing tide, in every communication platform, on these exact sentiments. It will make his job of actually doing the FUCKING, much, much easier. Thanks. + +Anyhow, floor raised +50%. Enjoy a couple of extra Lambo garages. + + +My only wish as a compensation for taking the time to write this piece, is that the forthcoming SEC report will be referred to as "Hedgefunds Bane". I also want a LOTR-related tag and some kind of milkshake. Thank you. +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* +**EDIT:** Post is now back up :) + +With costs continuing to rise, and numerous posts with people asking for advice on how to provide a buffer against their expenses, I thought it might be useful to share this list of ways you can earn some extra money here in the UK. I know when people typically think of using sites/apps to earn a few extra quid that "50p surveys" are the first thing that comes to mind, so I'm sharing this list to show that there are much better options out there for folks in the UK who have some spare time on their hands and could use an extra few hundred pounds. + +So with that said, I decided to create this guide detailing how I would approach a few different scenarios because, after 2 years of earning money from online work and having tried out many different means of generating extra income, I'd like to think I can offer some advice in this area. + +The 3 Scenarios are: + +**(1)** How I would go about Earning **£200-£300** in the next 30 days if I had no money to spare. + +**(2)** How I would go about Earning **£400-£500** in the next 30 days if I had £100-£200 to spare. + +**(3)** How I would go about Earning \~**£200** from referral offers. 1-2 days needed to complete, Payout times vary from one day to several weeks. + +&#x200B; + +# Part 1: Earning £200-£300 in 30 days (No money needed) + +If I was dead set on making an extra £200-£300 in the next month or so, the sites below would be my target for online earning. Of course, I can't guarantee exactly how much I will earn from using these sites every month, but below you can see how much I earn on average from using them. + +I don't have any special skills or qualifications. When I started working on these sites, I had no experience in any of the types of work that I do now. If I can work on these sites and Earn £200-£300 per month, then you definitely can too. + +&#x200B; + +**Userlytics** **/** **Ustertesting** **(£30-£60 per month):** With this site, you test out the usability of apps and websites and get paid for it. The pay can be very good and the work itself is actually very engaging. I quite enjoy using this site. + +Your work will consist of completing a series of tasks and instructions and interacting with prototype or production websites or mobile apps while speaking out loud to share your thoughts, emotions, criticisms, and suggestions. It probably sounds very different to the type of online work you usually do because, well, it is. It's certainly a site where the work doesn't feel like a chore, I would highly recommend it. + +&#x200B; + +**Appen** **(£50-£200 per month):** So this is a site where you can apply to work on various projects and tasks online. I open the Appen app daily and there's never a day when I'm not greeted by a variety of tasks that I can apply for. The rate of pay is very competitive, with some jobs paying up to $20-$25 per hour. Most jobs pay around $15-$20 per hour (which is still fantastic for online work) and I have never found it difficult to qualify for projects. + +The site is legit and it actually feels like real work for good pay. The potential earnings from this site over the course of a year can easily enter the £100s or even £1000s, so if it's not on your radar it really should be. + +Apply for as many projects as you can, it's well worth taking the time to apply because even if you get one project, that's hours of work at a great hourly rate. + +&#x200B; + +**Prolific** **(£20-£60 per month):** I would go as far as saying it's one of the top task/survey/study sites out there. With Prolific you get paid cash for engaging in the research of Academics and Universities from around the world. There are Surveys and studies about scientific research, new products and public opinion. From minutes to hours, to multi-part studies over longer periods, there's a respectable range of studies to participate in. + +It Pays out to Paypal, has a range of interesting surveys and the studies on the site pay a minimum of $6.50 per hour. + +You should also install the browser extension for chrome so that you get surveys while they're going. + +&#x200B; + +**Neevo** **(£30-£40 per month):** Companies submit projects to Neevo to help improve their AI systems. When you’re a match for a project, you’ll be asked to complete a set of simple tasks, which could be in the form of text, audio, images or even video. + +It's a straightforward 'task for pay' site. They payout through Paypal and the variety of projects is good. Also, I think it's cool that you're helping to train AI, although this is the basis for most of these 'task for pay' sites nowadays. + +My advice would be to keep your eyes peeled for projects with bigger payouts, Some of the lower-paying projects aren't really worth it for the time you need to put in. + +&#x200B; + +**Dscout** **(£20-£50 per month):** So with this site you are rewarded for helping with Market Research. The way this works is that you are given "missions" where you offer your opinions/feedback on various products or services in exchange for payment. + +The Pay is very good and payout is received promptly through Paypal. I also like that you answer photo and video questions, it keeps me that bit more engaged. + +Check as often as you can for available missions and apply for all of them. It may take a little bit of time to get your first mission but once you do, more and more will appear. + +&#x200B; + +**Respondent** **(Payout varies quite a bit but definitely has high earning potential):** + +I'm sure some of you have heard about Respondent, It's a site where you get paid for taking part in various studies. The studies can be both remote and in-person but these days most of the available studies are remote. + +It doesn't take long to apply to studies so even if you don't qualify, you haven't wasted too much time. Also, the pay is excellent when you do qualify, with studies paying between $15-$200, depending on the type of study and the amount of time it takes (Generally ranges from 15 minutes to an hour). + +It's not a site that you can depend on for frequent payouts, but even if you land a few studies that pay $50, $100, $150 etc each, you're doing very well for the time you put in, So I think this one is worth checking every day if you have 5 minutes to spare. + +&#x200B; + +**Intellizoom** **(£20-£40 per month):** This is a site similar to Respondent where you get paid to take part in studies. It doesn't take long to set up your profile and get started and some people I know have had a lot of success using this site. + +&#x200B; + +**UserInterviews (£30-£60):** Another site where you can take part in studies and get paid for it. Some people seem to have a lot of luck with this site, and it pays quite well too. + +&#x200B; + +# Also: + +These Earners are a little different since they aren't really 'online work', but they have served me well in the past too... + +&#x200B; + +**Facebook Marketplace:** Sell your old stuff. This one should honestly be mentioned in every thread where someone has asked how to make some extra cash in a hurry. + +We all have stuff we don't use anymore lying around the house and as obvious as it may sound, the items that seem old and worthless to you will be new and exciting to someone else. + +I'm talking anything, literally anything: Old clothes, books, plant pots, technology you don't use anymore, pots and pans, empty jars, homemade crafts etc. + +Old Clothes seem to really sell fast, which isn't surprising because people get excited when they see something that's their style and really cheap. So clear out your wardrobe. + +If you're into crafts, you could sell stuff you've made there too. Last summer I made large painted flower beds out of pallets and sold them, just because I had some pallets and paint laying at home. + +The point is, You could easily make £50-£100 or more if you do a thorough sweep of your house for stuff you don't want/use anymore. + +&#x200B; + +**Vinted:** A fantastic Site/App where you can sell your old clothes. Maybe it doesn't sound like your thing or you don't think you have anything fashionable enough to sell. Believe me, You can sell any item of clothing here. + +Old hoodies, shoes, gifted clothing that you never wore etc. I've sold my old clothes here in the past and been pleasantly surprised with a nice few sales. + +&#x200B; + +**Fiverr:** Offer your services as a Freelancer and get paid. You can earn a lot from the "gigs" you post, but you'll need to have some kind of service you can offer that people will pay for. I'd recommend taking a look at what other people are posting and seeing if you could offer similar work. + +&#x200B; + +**Rover:** Saving the best for last. This one is quite a lovely site where you can offer your services as a dog sitter/dog walker. You can have dogs dropped off at your home and get paid to look after them for a duration of time. + +It's ideal for people who miss having pets or who get a bit lonely working from home sometimes. The pay is usually around £20 per day for dogsitting, maybe £6-£10 for dog walking. If you're at a loose end anyway or just feel like having a furry companion during your free time, This site is a lovely way to earn a little money and make some canine friends. + +You just make a profile and enter your address so people in your area can find you, Bonus points if you have a dog in your profile photo with you. + +&#x200B; + +&#x200B; + +&#x200B; + +# Part 2: Earning £400-£500 in 30 days (£100-£200 needed) + +This one is quite a unique means to make extra money in a short period of time, It's called Matched Betting. It's a very simple process but it's imperative that you read the Guides in full before you begin. + +Matched Betting is where you use bookmaker sites to complete various 'Free Bet' offers (e.g Bet £10, Get £30 in Free bets), but the whole idea behind the process is that every time you "make a bet", you match that same bet on the exchange (meaning the value of your qualifying bet will always be returned to you). + +So for example, if I bet £10 for Real Madrid **to Win** on the Bookmaker Site at odds of 2.5, I then also make a Matched bet on the Exchange (This is a separate site such as Smarkets or Betfair) where I bet for Real Madrid **not to win** at odds of 2.5 (or as close as I can get to those odds). In this way, I am covered in all outcomes (win, lose or draw), and it allows me to fulfil the requirements of the bookmaker's offer (e.g Bet £10 and get £30 in Free bets). The money from my initial bet has now been returned to me and I also have a £30 free bet credited to my account. + +When I receive my £30 free bet, It's the same process of matching again but this time using my free bet on the bookmaker site. This is where I secure a profit, because I'm not using 'real money', and even if I lose on the bookmaker site, I will be paid out on the exchange. This process is explained in more detail in the Guide linked below. + +This one is great if you can spare some money to get started. Your money isn't 'invested' or 'tied up' in anything, It's just that you'll need cash in order to complete the various free bet offers. You can withdraw your money at any time, but most people leave £100-£200 in their accounts just because it's easier than depositing money every time you want to do an offer. Over the course of 30 days, that £100-£200 or so will grow to £600-£700. + +The main advantage of Matched Betting is that it really doesn't take a lot of time to hit that £500 profit mark. Over a 4 week period, I worked my way down through the list of welcome offers, nice and handy, and having completed 20 offers at 15 minutes per offer, I came out at **£470 for 5 hours total of work.** + +Not to knock paid projects/survey sites, but if you don't have the time or desire to invest in that kind of online work, the obvious advantage with Matched betting is speed and simplicity. + +&#x200B; + +&#x200B; + +# + +# Part 3: Earning ~£200 from Referral Offers + +The offers below will allow you to earn a minimum of \~£200. This is a handy list if you need to earn a decent amount of money in a short amount of time. For a lot of these offers, you can withdraw the money you earn back to your bank account in the same day, but for a few of the larger paying offers, it will take longer, e.g The Tide offer worth £75 takes a few weeks to payout. + +**Important:** In order to get the bonuses from the offers below, you will need to sign up to each app/site through a referral link. There is a subreddit called 'beermoneyuk' where you can find referral links for any of the below-mentioned offers by searching the subreddit for 'Tide', 'Luno', 'Zilch' etc. and you'll find plenty of posts with referral links and more detailed steps on how to complete each of the offers below: + +Ziglu **(£5**): Deposit £1, Buy £1 worth of Bitcoin and Instantly get £5 to your account. Sell your £1 in Bitcoin back to GBP and withdraw the £6 to your bank account. + +Bottlepay **(£5)**: Sign up, deposit £10 and instantly receive £5 to your account. + +Luno **(£10)**: No referral link needed for this one, Just download the Luno app, sign up & verify ID (5 mins) and enter a BP code into the 'rewards' section of the app. You will instantly be credited with £10 BTC. Absolutely free, No Deposit or Purchase necessary. + +Zilch **(£10):** Sign up, Verify your ID and you will see 100 points (worth £10) appear in your account. + +Shares **(£5):** Sign up through a referral link and verify your ID. Deposit £1 and you will Instantly receive £5 which you can withdraw after 30 days. + +Monese **(£10)**: Deposit and spend £1 to receive £10 to your account. + +Mode **(£10)**: You make a deposit of £100, buy £100 worth of Bitcoin, sell the £100 worth of Bitcoin back to GBP again and you get your £10 credited Instantly (It will show as pending and be available to withdraw in under 24 hours). + +Cashapp **(£10):** Free £10 when you sign up through a referral link and send £5 to another Cashapp user (Someone you know who will send the £5 back to you). + +Bitpanda **(€10)**: Buy 25 Euros/GBP worth of Cryptocurrency and Earn 10 Euros. Sell Everything back to Euros/GBP and Withdraw. + +Wombat **(£20):** Sign up and open a general investment account, you will receive £20 for free. Invest your £20 and hold it for 90 days. + +Coinbase **(£42)**: No deposit or purchase needed, just go to the site and earn \~£30 by learning about different cryptocurrencies. Earn an additional £12 by signing up to the site through Quidco and making a single transaction. There is no minimum amount for this transaction, simply buy the smallest amount of a cryptocurrency that you can on Coinbase and you will be eligible for the cashback. + +Tide **(£75)**: Sign up, Complete Verification, Deposit £1 and receive £75 to your account in a couple of weeks. Super easy offer, probably the best on the sub at the moment. + +Swissborg **(€1- €100):** Deposit £100/ €100, Don't buy anything. As soon as you make the deposit you will get a Reward Token, you 'scratch it' to reveal an amount between 1-100 euros in the app's currency, sell it back to euros/GBP and instantly withdraw your original deposit + Profit. + +&#x200B; + +&#x200B; + +And that's it, I hope this guide will be of help to some people, if you have any questions or suggestions don't be afraid to comment. + +Cheers + Firstly, apologies to ASX\_Bets as this post contains actual DD collated from financial and Uranium Experts – something usually overlooked when chasing tendies here. But I promise to link some uranium penny stocks to keep it balanced. + +TL:DR section at the bottom + +Now you either like, love or hate uranium but that won’t affect the inevitable bull market that is knocking at the global door. "When this Uranium market starts to really move, the rising tide WILL raise all ships. BUT eventually, the cream will rise to the top." - Uranium Insider + +It’s a long post, as anyone remotely interested should know all the facts, but regardless I have broken it down into the following sections: **Uranium Background**, **Demand**, **Supply**, **COVID Impact**, **Inventory** and **Market Outlook**. + +# Uranium Background + +Uranium is primarily used in nuclear reactors for energy & electricity generation but there is also a large use in research reactors for production of medical and industrial isotopes and training. Also, over 160 ships (mostly submarines) are propelled by nuclear reactors. + +* Uranium is the **LOWEST** non-carbon operating cost per MWh fuel source +* Nuclear is increasingly being recognised as a **contributor to a low carbon future** +* Nuclear energy provides reliable base load power and accounts for **10%** of global electricity +* Growing interest in Small Modular Reactors (SMRs) in Canada, Scandinavian countries and Middle east. +* Inventory built up since Fukushima is near exhausted +* Long process from mining --> converting --> Enriching --> fuel rod fabrication (\~2yrs) + +&#x200B; + + + +# Demand - it’s increasing + +* Industry is driven by energy and electricity consumption which continues to rise yr-on-yr +* · Steady Uranium demand growth +* · As of 2020 **177Mlb (million pounds) required to fuel the** +* · **440 operating reactors** **wordwide** – providing **10%** of worlds electricity +* · Further **56 under construction** globally +* · China building **12 new** reactors this year with further 44 planned over next 15yrs +* · Further **108 reactors planned** for construction globally after 2020 + +By Country: + +* · France – depends on 78% of electrical production from nuclear with 54 operating reactors +* · USA – 20% of elect production with 95 operable reactors +* · Canada has 19 reactors for 15% with life extension under way for 30-35yrs to phase out coal +* · Russia – 38 reactors for 20% elect with 4 new under construction and **11 new plants by 2030** +* · China – 47 reactors with plan to build further **56 as per their 2020 Energy Development Strategy** – with the impetus for developing new nuclear power for need to improve urban air quality +* · India – 22 reactors for 3% elect supply with further 7 under construction +* · **220 Research reactors** **in 50 countries** with more under construction. Production of medical and industrial isotopes and training. +* · Over 160 ships (submarines and air-craft carriers) propelled by some 200 reactors + +So that’s demand. It’s set and its increasing as the world’s energy and electricity demands increase and as Green Governance Policy is introduced to reduce carbon emissions. + + + +# Supply - it’s been decreasing and accelerated due to COVID + +Since 2016, global supply of Uranium has been decreasing. This is due to sustained low uranium prices that have led to supply cuts (mines shutin) and small companies closed. + +* · Mines were scheduled to supply 135Mlb in 2020 with the rest coming from secondary supply and inventory drawdown. +* · Due to covid this was reduced to 115Mlb +* · The two biggest uranium producers (Kazataprom and Comeco began closing mines in 2016 + * Cameco closed Rabbit Lake in 2016 + * Suspended McArthur River in 2018 (\~18Mlb/annum) + * Cigar lake suspended (due to Covid – see next section) +* · Kazahkstan is the world’s largest supplier of uranium – they have actively been reducing production and in 2017 announced a 20% reduction for three years – purely because of the low price. +* · Kazataprom has openly stated they **will not replace the lbs of lost production** as it is not in their best interest to produce their finite resource at the lower Uranium prices. +* · Paladin’s Langer Heinrich was suspended in May 2018 + +As a result of the planned mine closures and production cuts, the **spot market price surged from US$24/lb to $33/lb at the start of this year**. + + + +# COVID Impact + +Further to the planned production shut-in and closures, COVID has accelerated the looming supply shortage with even greater production cuts and mine closures. + +* · Cameco closed its Cigar Lake mine in Canada due to risk to a Native population. 18Mlb/yr mine closed indefinitely +* · Kazakhstan in march 2020 announced suspension of pre-drilling ops. As they mine they have to drill ahead. 10Mlb/yr reduction in 2020 supply. They drill 3-months ahead of where they are mining from which is halting production now (Aug/Sep 2020) +* · Namibia suspended Rossing and Husab mines on 28th-March +* · Approx. 20Mlb hit to mine supply (135Mlb to 115Mlb coming out of mine in 2020 and dropping by about 5Mlb/month as each month of covid restrictions continues) +* · Accelerating the commercial inventory supply drawdown. + + + +# Inventory + +Inventory (storage by utility companies, traders, and governments) has been drawn down year-on-year since 2014. + COVID has exacerbated the drawdown in 2020 from 35Mlb to 50Mlb + +* · Utility companies (the reactor operators supplying electricity) tend to hold 2-2.5 years of inventory supply – they HAVE to have the guarantee of fuel for reactors. +* · Additional cold war / weaponry strategic inventory of \~240Mlb in US and 360Mlb in Russia +* · US has utility inventory of 110Mlb (2019) which is just over 2yrs supply to fuel their reactors (\~50Mlb/yr consumption) +* · Kazataprom holds usually 6months of supply, though are down to just 3months – i.e. they will build up own inventory first. +* · China has no home-land uranium production, but some of the highest uranium demand. They have \~400Mlb-425Mlb held by China and that will not be for sale to the market. +* · Russia has a national industry policy to market their expertise – to build nuclear power plants for other countries. As part of that deal, they agreed to supply all the fuel for the plants for the life of the plant. Their inventory, though not widely shared is expected to be around 260-300Mlb though they need that inventory for future demand obligations + +In summary, a lot of lbs in inventory are just not available to be sold and will not be made available to the market. + +The **Market is in supply deficit and is using inventory to fill the gap between supply and demand**. + + + +# Market Outlook + +* Growing mine supply gap +* Producers cutting production since 2016 +* Steady increasing demand – especially china, India, middle east and EU +* Storage inventory reducing and most of what is left won’t be sold into the market +* Uranium spot price has performed strongly year-to-date +* Uranium contract coverage in US declines markedly from 2022-2023, down to less than 50% by 2024 +* US utilities are expected to re-enter the mid to long-term market contracts (3-7yrs) in Q4 2020 +* Russian Suspension Agreement negotiations creating some near-term uncertainty +* Continue to see more risk to Uranium supply side on back of COVID +* Steady Uranium demand growth from nuclear reactor build programme + +**Who is going to supply commercial inventory?** + +There is no chance that primary (mined) + secondary (recycled) supply can meet consumption. That is even accounting for shut-in capacity coming back online right now – which won’t happen. + +So new projects HAVE to get started. + +* **Open pit mining** is where big volumes come from – all take atleast **2.5 to 3 years to build** and couple years to permit and prove to utility companies they have a high-grade product. +* Due to sustained low prices since 2013 the **industry has not been invested in for last 7-8years**. +* No real capital has come in to replace **depleting assets** for close to decade now. i.e. there is no backlog of projects that can come on-stream in a few years. +* Nuclear reactor plants have been constructed but no investment into the mines and producers + + + +Decisions by many producers, including the lowest-cost producers, have been made to preserve long-term value by leaving Uranium in the ground -->increasing the number of supply disruptions. + +On the back of COVID, unplanned supply disruptions has further increased the gap between the supply deficit and growing demand. + +Most EU and US long-term utility contracts expire between 2022 and 2023 with less than 50% extending past 2024. i.e. the Utility companies will shortly be going back to market to lock in future supply. + +Despite the stigma associated with uranium, nor whether you love it or hate, regardless there is a clear supply demand gap and the market will make its move accordingly. It’s just up to you whether you want to be part of it or not. + **Disclosure:** I am part of it + +# TL:DR Uranium is at supply deficit with next 12-18months proving inevitable supply gap coupled with increasing demand as world governments look to reducing carbon emissions and electricity and energy demand increases. + +**ASX stocks to watch** – if this post gets enough attention ill provide due diligence on few individual companies that are standing out from the pack where huge gains will be made. + +ASX:LOT Lotus Resources - purchased shut-in Kayelekera mine in Malawi from Paladin in 2019. Are currently talking to utility and commercial companies to re-open at a set U. price. + +ASX:DYL Deep Yellow Resources - Chaired and driven by Josh Borshoff – ex Paladin CEO who took Paladin from $2mill market cap to $4BILLION market cap in 2005 Uranium bull market. + +ASX:VMY Vimy Resources – uranium miner with assets being developed in North QLD and NT + +ASX:PEN Peninsula Energy + +ASX: GTR GTI Resources + +ASX:BOE Boss Resources + +ASX:PDN Paladin Resources + +&#x200B; + +\#Uranium #Uraniumbullmarket +&#x200B; + +https://preview.redd.it/lcctwoi5r2281.jpg?width=700&format=pjpg&auto=webp&s=8a86d51eb014847a54988e91e2b50bd7f27a7813 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +https://preview.redd.it/0eprl007r2281.png?width=1200&format=png&auto=webp&s=ba7248446100e67c48497236529425f940cfcd4f + +Aurizon traces its roots back to Queensland Rail, whom were founded in 1865 when the State government endeavoured to link up the scattered towns along Queensland’s coast. Over the many years of their operations, they established bulk and container transport business. In 2004, these divisions were split off from Queensland Rail under the banner of QR National and was subsequently floated on the ASX on 2010, and rebranded as Aurizon in 2012. + +&#x200B; + +[FY21 Report](https://preview.redd.it/e6g0u238r2281.png?width=1500&format=png&auto=webp&s=b54bddfd4dbe33fb005ab2fe66e1154cd5e5bff4) + +Since then, Aurizon has focused its business to coal & bulk transport only, cutting loose its intermodal container business. It has also expanded its footprint to include major networks the other States like NSW and WA. Aurizon has grown to be the largest rail-based transport businesses in Australia. + +# The Checklist + +* Net Profit: positive 10 of last 10 years. Good ✅ +* Outstanding Shares: trending down (!) L10Y. Good ✅ +* Revenue, Profit, & Equity: R & NP stagnant, E trending down. Neutral ⚪ +* Insider Ownership: 1% w/ absolute ton of on-market buys. Good ✅ +* Debt / Equity: 92% w/ Current Ratio of 1.1x. Neutral ⚪ +* ROE: 10.3% Avg L10Y w/ 12.8% FY21. Good ✅ +* Dividend: 7.0% 10Y Avg Yield w/ 8.5% FY21. Good ✅ +* BPS $2.32 (1.5x P/B) w/ NTA $2.3 (1.5x P/NTA). Good ✅ +* 10Y Avg: SPS $1.82 (1.9x P/S), EPS 29.8cents (11.4x P/E). Good ✅ +* Growth: -(2.0)% Avg Revenue Growth L10Y w/ -(1.9)% FY21. Neutral ⚪ + +**Fair Value: $4.91** + +**Target Buy: $3.72** + +Looks like a very solid reliable business overall. Probably no surprises here, given its position essentially as a monopoly in its industry. I should note that the growth as neutral in large part because the share buybacks have been able to keep pace with the slight decline in nominal revenue. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/nf3yauqer2281.png?width=1844&format=png&auto=webp&s=5a0d9d098b2048bb7f22f2ff1817090a4f444df8) + +At their all-time high, AZJ broke the $6 mark. In fact, it held around that level quite solidly for most of 2019. However, when the crash in 2020 came along, the floor fell out, and AZJ plummeted like a rock. It hit a multiyear low of $3.38 on the 23rd of March. Interestingly, that price level proved to be quite short lived at the time. Only a few days later, AZJ had popped back up to just under $5.00 and looked bullish going into the middle of that year. + +But the last 18 months have not been kind. By Nov of 2021 AZJ had broken its March 2020 low, albeit only just, and is now trading as though the ASX were still deeply in the red, sitting on 4,400 points like it was on the 23rd of March. As of the close of Friday 26th of Nov 2021 @ $3.44, those that bought AZJ at its all time high would be 44% down on the capital of their investment, with the stock now trading in a range that it used to 10 years prior. + +# The Diagnosis + +The Short Answer: AZJ really COP’d it. + +&#x200B; + +https://preview.redd.it/2ey7zckgr2281.png?width=1000&format=png&auto=webp&s=9bd14e413cd716bea9ed210913cf534c90070cb6 + +The Long Answer: It’s actually somewhat interesting trying to pinpoint the issues involved with Aurizon. Overall, the business looks strong. Indeed, they are posting better results than they were in FY19, and with fewer shares outstanding. Genuinely, the ESG concerns are very likely the primary culprit here. With major pressure now for institutions to show their commitment, many previous stalwarts of the Australian stock market have been showing unusual weakness in their share price, often with price levels not seen for a decade. + +&#x200B; + +https://preview.redd.it/63819vbhr2281.png?width=1065&format=png&auto=webp&s=46fa1ce66ae9512efe29f6d9028f6e42bbb5f039 + +Looking at the 10-year consolidated figures, one might point to the drop off in nominal revenue, but when considering the per share figures the differences are marginal at best. For example, despite the revenue being nearly $700m less in FY21 than 10-years prior, the relative SPS actually increased due to there being 600m less shares outstanding. The EPS for FY21 of roughly 30cents is well in line with their previous years. + +&#x200B; + +[tradingview.com](https://preview.redd.it/n240jh9ir2281.png?width=1843&format=png&auto=webp&s=5b84405dc092e6ddee49f9058f13d095c4ac44d3) + +Interestingly, AZJ trades a lot like a bank stock. For example, the 2016 dive was mirrored to a smaller degree by the big 4 banks at the time. That year commodity prices in both the iron and coal sector were bottoming out at decade lows. Long-term prospects looked pretty rough for many operators. Given that 35% of Australia’s exports are from the mining sector, and primarily of these two commodities, it makes sense that there were wider scale economic implications. It just so happens that a couple of the biggest drivers of the Australian economy are transported on AZJ’s trains. As such, the company’s prospects are linked to macroeconomic factors more than anything else. + +Furthermore, AZJ’s business is essentially a monopoly with long term price contracts. That means predictable and consistent revenues. The main concern is really just about capital management. Add to that AZJ’s many share buybacks over the years, investors otherwise can be relatively confident in maintaining their capital investment (at least on fundamentals sort of level). All of this means that the value of an investment in AZJ rests entirely in its ability to reliable produce a profit. In other words, yield. Perhaps yet another reason it trades like a bank stock. + +# The Outlook + +Therefore, it would seem quite simple to determine if the future for AZJ is bright or not, but of course nothing is as simple as it seems. Case in point is the current circumstances of its share price. Under ‘normal’ circumstances I think AZJ would be trading quite well right now. But with so much institutional focus now shifting hard toward ESG, it would seem that the big players have their hands full and would rather not get tied up in what is now considered a legacy industry. + +This might be seen as somewhat simplistic though. A third of AZJ’s business is in bulk transport (e.g. iron ore) with a further third of its business concentrated in metallurgical coal (i.e. steel production). Even still, its perhaps too big of a hurdle for investment managers to stomach the idea of buying a business of which 68% of the revenue is tied in with the coal industry. + +**The Future of Coal** + +Despite all that, the coal industry would seem to be doing quite well. + +&#x200B; + +[“Resources & Energy Quarterly Sep 21” – industry.gov.au](https://preview.redd.it/gz9tg48kr2281.png?width=1822&format=png&auto=webp&s=e64d23ec8a35d11ab445933743e7a0a3784b331e) + +Forecasting by the Department of Industry, Science, Energy and Resources in the latest Resources and Energy Quarterly projects coal exports for the next two years to be quite in line with the last decade. Similar forecasting done by the Minerals Council of Australia expects demand globally to increase by about 25% by 2030 in both metallurgical and thermal coal. + +How can this be? + +Should one be watching the news, the Australian utilities sector is replete with stores about AGL closing down big coal power stations like Liddell in NSW in a couple of years (2023), and Energy Australia bringing forward their closure of Yallourn in VIC by 4 years (2028). For all intents and purposes, the time is ticking on thermal coal. On the metallurgical side of things, Fortescue has made big news announcing major investments in its Fortescue Futures Industries, with the goal of developing green technologies in the refining of iron and production of steel. + +&#x200B; + +[“Coal 2020” – iea.org](https://preview.redd.it/mtt1xq7nr2281.png?width=1600&format=png&auto=webp&s=30e497f7fa83b6c398b3d7307f480a08181868d6) + +Well, the trouble is that countries like China and India, along with countries in the developing world, have somewhat different plans in mind. Analysis by the International Energy Agency expects that coal consumption worldwide will remain largely steady into 2025. With Australia exporting nearly half of the worlds coal, there would seem to be quite healthy and ongoing demand for the industry here. + +[“Boom and Bust 2021” – globalenergymonitor.org](https://preview.redd.it/6rwtxdnor2281.png?width=1200&format=png&auto=webp&s=5d51dd301167300fefbac0de2f38c9f9fd74948f) + +The major reductions in usage by the Western world have been more than offset by increases in Asia. Even with the major retirements of old coal plants in the developed nations, there are more coal plants today than there have ever been. The biggest driver of this by far is China. They have been constructing an unbelievable number of coal power stations in the last 20 years. In 2017 it was reported that globally there were plans for over 1,600 new coal power stations to be constructed in 62 different countries. + +&#x200B; + +[Coal Plant Dashboard – globalenergymonitor.org](https://preview.redd.it/c8w8cshrr2281.png?width=1000&format=png&auto=webp&s=ad9c02ad3b4768aecaaf677e0974483ed59e95d8) + +COP26 endeavoured to address this, but have come away with a fairly weakly worded and nonbinding agreement to “phase coal down,” whatever that means. The thing is, many of the currently operating coal plants are quite new. According to research by Global Energy Monitor, the vast majority of the operating plants were built in the last 20 years. The design life of most coal plants is between 40-50 years, which implies that even if the world commits to building no additional coal plants from this point forward, much of the current infrastructure could be in operation for the next 30 years. + +&#x200B; + +[How dare you!](https://preview.redd.it/ucexzamvr2281.png?width=1100&format=png&auto=webp&s=bece6eb5449299b0b425d5709c90d3d75cabbd69) + +Presumably, the coal industry will continue to rake in the money during that time. + +**Levelized Cost of Energy** + +There is a further and perhaps less recognized dynamic between the green energy industry and fossil fuels and it relates to the relative costs between them. As investors in [AGL well know](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) the utility sector these days is… complicated. Coal, gas, oil, solar, wind, hydro, and nuclear markets do not operate in their own little bubbles. Each are different sources of the same product: electricity. As such, each source is interrelated with the other, because it operates under the larger economic umbrella of the energy market. + +&#x200B; + +[“Levelized Cost of Energy Analysis Oct 2021” – lazard.com](https://preview.redd.it/xv8qg4wwr2281.png?width=2800&format=png&auto=webp&s=a84d69f6fe353a92db3367625d153c45da730e16) + +Considering the Levelized Cost of Energy (LCOE) can help to clarify the point. Some energy sources may be more cost effective when viewed in terms of $/MWh. Within a market setting then lower costed sources are more competitive, as economies look to lower their costs of energy. This naturally results in higher demands for those sources, at least until the rising demand pushes those costs higher. And as those costs rise, additional energy sources become viable alternatives, which broadens the supply base and ‘levelizes’ costs across all sources. + +One might consider then that the profile of energy generation source diversification is a direct manifestation of their relative costs per MWh. And therefore, changes in the underlying costs to produce one source influences the market price of all other sources, as the energy market finds a new levelized equilibrium. + +&#x200B; + +[ourworldindata.org](https://preview.redd.it/znurr3x3s2281.png?width=1500&format=png&auto=webp&s=a9ae0c236608dfafa185923fb97909fbe83a13e9) + +In terms of electricity production globally, Our World in Data indicates that coal accounts for the lions share at about 35% of total production. Keep in mind that much of this is disproportionally in Asian economies. + +**Market Distortion** + +But what happens when some of the largest economies in the world are actively divesting from certain energy sources like fossil fuels? Or otherwise selectively favouring certain sources (e.g. gas) over others (e.g. coal). + +Good news! We’re finding out the answer to that question right now. 😺 + +&#x200B; + +[This meme writes itself.](https://preview.redd.it/54su2k9yr2281.png?width=1200&format=png&auto=webp&s=af2f0bf38859c2464b30f9dcc047ef92a129bba1) + +Europe in some sense is a Petri dish for the kind of energy market distortion an economy can experience when governments selectively shutdown coal and nuclear generation assets in favour of wind and solar, with only gas as a backup. In a simplistic sense, this has artificially limited the supply of energy sources, perhaps with the intention to raise the levelized cost and make green tech like solar and wind more competitive. The trouble is, those sources have not been capable of supporting the shortfall, and the effort has instead caused an energy crisis in that region. Subsequently, the market has put so much demand on the only other viable option, gas, as to have raised spot prices on that commodity almost 10-fold. + +&#x200B; + +[An inconvenient price.](https://preview.redd.it/o5h97ikos2281.png?width=1600&format=png&auto=webp&s=fad86f902cf87c140259cf8ebf4cfab1ae10b393) + +There is perhaps some irony in the fact that as a result of that, the European demand for gas has influenced global supply. To that extent it pushed other economic regions in the world, namely Asia, away from gas and towards other cost-efficient sources like coal. Newcastle coal prices hit an all-time high of $270 USD/t earlier this year, more than double its historical highs, and instigated China to take drastic measures to try to control the price. The European energy crisis effectively had spilled over into their backyard. The implication here is that Western economies divesting away from coal may have the conterintuitive result of driving up demand for it globally. + +I’m not sure if that was the intended effect, to be honest. 😸 + +Part of this is the chronic underinvestment in this sector for the last decade and even more difficulty moving forward for companies to secure funding for developmental projects. Personally I would be hesitant to get involved with explorers in these industries, but it would seem that current producers and industry supports like AZJ will have a very solid demand base for the foreseeable future. At least until green technologies can close the gap on energy production and reliability. + +# The Verdict + +With all that being said, AZJ recently has taken a major step towards diversifying its business, making it more relevant and resilient in the longer term. I think that is ultimately what makes this company appealing as a long term investment. + +**One Rail Acquisition** + +&#x200B; + +https://preview.redd.it/ie9rsvcrs2281.png?width=1200&format=png&auto=webp&s=14d0abc6ed6f1bcd736032aa39e1b6bbda7d6c63 + +In October, AZJ announced that it had signed an agreement to acquire One Rail Australia and that the $2b+ acquisition would be funded through cash and debt. + +&#x200B; + +[Acquisition Investor Presentation](https://preview.redd.it/zxf8uy5ss2281.png?width=1500&format=png&auto=webp&s=fa5c6dbe0a66a3e2df25b248d323461f2c1280ba) + +One Rail’s business spans rail, ports, and transportation infrastructure. Its bulk operations include a major rail network that runs from Tarcoola, SA to Darwin, NT, primarily hauling iron ore. It also runs a fleet of locomotives in NSW and QLD, part of its East Coast Rail (ECR), which transport coal in the Hunter Valley region. + +AZJ plans to sell the ECR assets once the acquisition is complete, with the intention ideally of recouping a large share of the costs associated with the overall purchase. Otherwise, barring an attractive offer, AZJ has proposed that it could instead demerger and spin it off into its own listed entity, “whichever creates greater value for Aurizon shareholders.” + +From historical figures the remaining One Rail network would only really represents a small addition when compared to the larger AZJ business, which did just under $3b in revenue for FY21. Indeed, the ECR portion, which AZJ want to quit, is the more profitable half of the business. This makes the overall price tag of the acquisition merely to gain the non-coal One Rail business seem a bit high. + +&#x200B; + +[Acquisition Investor Presentation](https://preview.redd.it/lx2kbi2us2281.png?width=1500&format=png&auto=webp&s=c066baa71f34fc296a12700f7eaa7ccce3367bd0) + +However, in the longer term, I think that the network that AZJ gain is a game changer for them. The Central Corridor is ripe with opportunity in the very commodity sectors that are positioned to benefit quite well from the transition towards green technology. The region has development projects in copper, potash, graphite, lithium, and nickel to name a few. AZJ as such would be well positioned to benefit in the medium term through ongoing demand in legacy coal, while in the long-term having an incredible footprint in the future green industry. + +# The Target + +Should one be optimistic on the basis of that investment case, it remains to be asked: what is AZJ actually worth? + +Interestingly enough, the market didn’t respond very well to the acquisition news. To be sure, the downtrend was established well before AZJ announced their plans, and I think that solely rests with ESG concerns. Yet, one cannot overlook the fact that the immediate effect of AZJ’s announcement was a 10% drop, going from \~$3.90 to \~$3.40 in a matter of days. + +Some of that might due to the execution risk of being able to offload ECR in a trade-sale. It’s not at all clear who would want to buy a coal transport business given ESG concerns, which means AZJ would be saddled with the additional debt in the long term. + +However, given AZJ historical correlation to bank stocks, I personally think the rerate was much more mechanical, and not indicative of the value of the acquisition itself. But first let’s look at the expected figures. + +&#x200B; + +https://preview.redd.it/chwz4oyws2281.png?width=1065&format=png&auto=webp&s=7a86098ac551bc4b93c9bd660f995eab93306ba0 + +^(Note: One of the primary unknowns here is how the acquisition effects shareholder equity. This is not explored in the presentation, so I’ve have opted to presume that the transaction it is roughly breakeven after the additional debt is factored in. Furthermore, uncertainty around the nature of the demerger of ECR, whether by trade-sale or separate listing,) ^(further complicates the post ECR book value of AZJ. Again, I’ve opted to presume that its ends in a separate listing, which would have little effect on debt levels or equity, though AZJ have indicated that 500m of the transaction would be allocated to the debt against the new ECR entity.) + +Buying AZJ right now is inclusive of later value extracted from ECR, so for the valuation I’ll used the combined figures. Thus, using the per share figures above, we get the following: + +**Fair Price (+ORA) - $4.96** + +**Target Buy (+ORA) - $3.36** + +AZJ have indicated that they will reduce their dividend from payout ratio 100% to 70% for the next couple of years to enable them to service the additional debt obligations. Naturally, the lower yield will make AZJ less attractive in a relative sense vs other yield-focused investments, like the big 4 banks. Interestingly, my estimated dividend payout post acquisition at the rerated $3.40 share price works out to be a very similar yield as compared to AZJ’s historical average yield at their previous $3.90 price level. + +It would seem to me that the market at this stage places AZJ fair value strongly in line with a \~6% dividend yield. As such, the question of bullish or bearish dissolves into one purely of macroeconomic concerns and that of relative yields. What that means for AZJ’s share price into the future, I’m not entirely sure. However, given that the average yield of ASX listed companies since 1980 has been a touch over 4%, it would seem AZJ is a pretty attractive investment if it can continue to pay out at 6%+ yield. At least that is, if one likes dividend stocks. + +# The TL;DR + +Initially started as a division of Queensland Rail, Aurizon has historical roots going back 150 years. Split off and listed in 2010, it has grown to become the largest publicly listed railroad company on the ASX, and has claim to be the largest rail-based transport company in Australia. + +The share price has taken a beating in the last year. With coal transport representing almost 70% of Aurizon’s business, the major push from institutional investors toward ESG lately have likely led it to be cut loose from major portfolios. + +Despite this, coal is projected to be a core part of the global economy for at least the next couple of decades. Additionally, Aurizon has signed a deal to acquire a rail network in the heart of Australia, prime territory for future projects in green tech commodities. + +With a foothold established now both in the old and new worlds, Aurizon otherwise looks to be a solid business with a significant economic moat and a high dividend. Thusly, I personally think that this looks like an attractive long-term investment for yield seekers. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on AZJ and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: RFG* + +*Currently on the Watchlist (no particular order): CGF, IPL, Z1P, FLT, QAN, CWN, FNP, OML, WPL, CIM.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +Last house I purchased was < $1M and the real estate agent we had was great. + +We're looking at purchasing a new house probably north of $4M. I just assumed I'd go with our previous real estate agent, but my wife wondered if perhaps we should try to find an agent that specializes in higher end properties. + +I was just wondering if anybody has any experience in this. Do real estate agents who specialize in luxury homes actually make a difference? +Pretty sure I’m the biggest loser on earth and will be homeless eventually. + +I have no debt but I also have no savings. Anyone in a similar boat? + +Edit I am OVER 30 not 30 lol and I’m in the US + +Edit: I OWN NOTHING OTHER THAN MY CAR! I’m renting!!!!! At least those of you in debt have something to show for it. I’ve got nothing. +For a long term dividend growth portfolio how many stocks do you think is the sweet spot? In how many sectors? How should it be diversified in terms of individual stocks vs REITS vs ETFs? +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. +Hello, +I moved to Sweden about a year ago from the US. I now have cash building up in a checking account because I can’t figure out how to invest here and don’t want to change my SEK into dollars at the current exchange rate. + +I’ve tried Degiro, Avanza, and Swedbank(my bank), but each wait until I’ve spent 20 minutes signing up to tell me they don’t accept Americans due to our ridiculous tax laws. + +Does anyone know of any apps (or Swedish banks), that would allow Americans to buy funds or securities in SEK or euros? + +I’m thinking about buying some property instead just to have somewhere to put it (and get a nice living situation upgrade). + +Any thoughts? + +Thanks! + + +Edit: +Thanks everyone for the ideas! I think I’ll try out interactive brokers, although investing in individual stocks does make me a little nervous because I’m a bit too lazy for that kind of thing. + +Has anyone found a good tax preparer/investment advisor of expats in Sweden/Europe (or U.S. that specializes in Europe)? It looks like it’s going to be crazy expensive and I haven’t met anyone who said they actually felt confident there’s knew what they were doing… +Hey folks, + +i'm a thirty year old guy from europe. Currently I do have about 150k (€) in savings, spread over different asset classes. + +Personally I do think it's a nice nest egg already, but with respect to the current rising inflation and absurd prices in real estate and or rent, I really don't think it's nowhere near enough, even for barista-fire. + +That's one of my problems, I guess I have; I'm always under the impression, that it is not and will never be enough. I cannot compete with those crazy US-loans :(. + +My goal is to not work until I die. + +I hope the rate of return will give me some nice capital gains over the next 2-3 decades. + +Any ideas for the meantime? + +&#x200B; + +Thanks in advance +30yo, Spain, can save 1k€/month or more. 100k€ in the bank just sitting there. + +My parents are really afraid of investing since they lost quite a bit of money to some bad decisions. They passed that fear on to me, so I've never delved into this world. It's been a while and I'm thinking about changing my mindset. +I've been saving to buy a flat, but since me and my partner's job situation is not very stable (city of residence may change at any time), I cant do that at the moment. + +My options are: +1. Buy a 100-120k€ flat at my hometown and rent it at about 500€/month. My parents can help me take care of it. +2. Actually spend time learning about investing and split my money in different places. + +Thoughts? Thanks. +My mother is very sick, dying in the hospital. She foolishly did not buy a Medicare Supplement or a Medicare Advantage plan. She was very healthy at age 65 and did not think spending the money would be needed. She always said, that Medicare paid about 80&#37; of her health care expenses, that is good enough. + +Now she is dying and broke with medical care expenses eating up all her savings. Now it is her families responsibility to pay the bills. My sisters want to keep her alive another day \(and anther day after that.\) with very expensive medical procedures. I say let her go. They call me a killer. + +Anyone else face a huge hit to their financial independence in retirement due to huge medical costs of their parents? How do you decide if you want to spend the money to keep Mom alive just one more day, even if she is suffering? + +We don't know what Mom would want because she is out of it. No directives. + +Everyone in the family has spent tens of thousands to keep her alive during the last year. The amount Medicare does not pay is incredibly high in the very complex surgeries they say she needs to live another day or week, but the hospital wants to keep her alive because it makes them rich. +Services like Klarna ARE proper borrowing — it just feels more soft touch, which is exactly why it's so dangerous: everything about it has been built around ease of use to encourage spending, so PLEASE be careful here. + +There are consequences for missed payments/repayment. + +* If you miss repayments OR fail to repay within the timeframe set, you may be referred to debt collectors +* If you miss repayments OR fail to repay within the timeframe set, it will affect your credit score + +Don't get into debt you can't shoulder, it'll disrupt your life for quite a while. Any questions, let me know and I'll try to help. +I am not able to decide whether to pay off my housing loan or invest using the surplus every month. I have a fair idea about the benefit I will get on my investments in the long run (compared to prepaying the loan), but I want to incorporate the tax benefit (on housing loan interest and principal) into the equation. Any help would be deeply appreciated as I plan to start this strategy from Jan. + +Here are the details - + +* Loan interest rate - 6.7% +* Interest paid on loan so far - \~7 lakhs +* Principal paid on loan so far - 4 lakhs +* EMI - 37,000 +* Remaining tenure - \~9 years +* Outstanding principal - \~26 lakhs +* Outgoing interest (if I stay the course) - \~7 lakhs + +&#x200B; + +* Monthly surplus - 50,000 + +&#x200B; + +My original plan was to prepay 50,000 every month for the next 3 years and close the loan. This would make the total interest outgo to be roughly \~9 lakhs on the loan amount of 30 lakhs. Decent enough considering I didn't act early and have already paid \~7 lakhs to the lender as interest. + +However, hypothetically, if I were to invest that same amount at roughly 8% interest rate (say, SIP on an index fund), I would get the following - + +* Scenario 1 - \~2.5 lakhs as interest for 3 years (very unlikely due to the short term but this considering this tenure to compare with the scenario where I pay off the loan with the surplus) +* Scenario 2 - \~25 lakhs as interest for 9 years (compared to if I stay the course) + +According to this calculator ([https://usehhaf.org/loan-information/loan-calculators/mortgage-investment-analysis-calculator/](https://usehhaf.org/loan-information/loan-calculators/mortgage-investment-analysis-calculator/)), it makes sense to pay off the loan because it only considers scenario 1. It does not consider the other one. + +&#x200B; + +Now comes the googly which I am unable to calculate into the mix - tax break. I am eligible for 2 lakh break on interest and 1.5 lakh on principal. My question then is - how do I add this benefit into the above calculation? What is the best strategy if my aim is to limit the loan interest outgo and use my surplus effectively? + +\-- + +User oneeyedcroc on Discord suggested this: *Not expert and do not have a housing loan but as per my rough calculations, if you are through 25%-30% of your loan tenure, prepayment doesnot offer that much huge benefits. In that case, you can utilize the surplus for prepayment for the next 1-2 years which would provide the most benefits. Also, after prepayments, keep the emi constant, only reduce loan tenure.* + +Edit: [This](https://www.reddit.com/r/IndiaInvestments/comments/rrxo1h/comment/hqo0xmu/?utm_source=share&utm_medium=web2x&context=3) is what I finally decided on. If all goes well, I'll update this thread or create a new one around Dec 2023. +Everyone is always writing that 30 to 45 DTE is the sweets spot, but I haven't quite figured out why. When i look at profit per week, shorter DTE outperform longer ones by a lot. Say you want to stay around a 0.3 delta, premiums will look like: +1 week out: $1.11 ($1.11 per week), +2 weeks out: $1.70 ($0.85 per week), +3 weeks out: $2.44 ($0.81 per week), +4 weeks out: $2.61 ($0.65 per week). +I understand there is an increased gamma risk and there is less time to adjust if the underlying is going against me, but the monetary risk is always about the same since it depends on the strike price and profit is almost double when selling weeklies compared to 4 weeks out. +So what's the deal with the 30 to 45 DTE? What am I not getting? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +I am seeing a lot of you guys crying about 5-20% loss. Firstly stop buying at the top. You can avoid this by seeing the potential of the stock(do proper DD). Only hand pick few stocks and watch them. Wait for perfect entry point, do some analysis for that. Try to look for stock that can potentially go up 5-10 times instead of chasing 1-2 times on something like CRO and buy something like ICU. Reason behind CRO IS AT 60-70 mil max it can go 200mil but ICU is 14mil and 100mil is achievable target in long run. Point behind this more room for growth means less room for loss. Cro will reach 80mil mcap and it can go back to 40mil mcap coz it’s overvalued. I m not saying it’s not worth buying at this price range. I m trying to suggest a way of trading that can reduce risk. Buy something that u can buy and sleep in peace. I m seeing you guys buying CRO at 4.7 wtf no shit it went down today. The main reason we get enticed buy something going up is FOMO. Just try to avoid that feeling. You have to save your principal and stop thinking abt potential gains. Think like this if u can get on every stock at perfect timing then everybody is going to millionaire doing this but that’s not the case. Main aim is to build your portfolio without risking your principal. I would suggest follow few stocks and don’t invest in every stock someone posts in this group. Hand pick few stocks watch them and time your entry. That is very important to maximise gains and low your risk. + +EDIT: ICU and CRO are just examples lol don’t buy icu now. I m not sure if it can do 5-10 times +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. + +[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: 131072 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +It is obvious that Asmongold has formed preconceived opinions about Crypto, NFTs and all digital assets. It shows that we need to expand our efforts to educate about what GameStop is attempting to do along with their partners. + +**Loopring**: The goal of Loopring is to make secure digital payments and fix the fraud riddled stock market by creating decentralized exchanges. This will be THE technology to fix the problem with counterfeit stocks by creating tokenized securities. They are going to replace fake digital stocks with non-fungible stocks. This will allow actual ownership in actual companies. + +**ImmutableX**: Like Loopring, they are working to create ownership for things that you currently cannot actually own. You spend money on digital downloaded games, in game items… etc. ImmutableX’s goal is to give you the ability to sell and trade things that you already spend your money on. If you have bought a digital game, you don’t own it. ImmutableX’s goal gives you rights to the game you buy so that you can sell it, if you want along with other game assets. + +To be a **Twitch** streamer and have no understanding of this is stupid. + +EDIT: I want to elaborate on this a bit more. I watched Asmongold for an hour or two absolutely go and destroy things one after the other. He had more than 100,000 people clicking where he wanted every 5 minutes. A lot of people are saying *'Who is this?'* or *'Why should we care?'* the very reason is that these are the type of people that we need to understand, educate and help spread GameStop's plan because as gamers it benefits **them**. + +If this person, as a World of Warcraft gamer, knew what ImmutableX could unlock for him (as an example) it may change his mind. Imagine all the hours spent playing that game, the thousands spent supporting something they like. If they were able to say at the end of the day they actually owned the in-game items they worked for and could sell them? They might see things differently. Imagine what someone with 2 million followers and 100,000+ people dedicated enough to click pixels for them could do if they understood Direct Share Registration? If they could understand and see the corruption that GameStop is up against? It could be a whole new wave of support. + +It does not need to be Asmongold in particular, but gamers in general. They need to learn about what is going on and what is happening with GameStop. We need to better increase the education about GameStop and their partners. +I see so many posts in PF every day about is this a scam and if you have to ask the question, it more than likely is. + +I am currently dealing with this at my job and its just a mess. One day last week our bank noticed a check number well out of sequence had cleared our account and the signature on the check wasn't one of our usual signors. They contacted us and sure enough, some scammer got a hold of our account info and made new checks. That was a week ago. Every single day a new check has cleared our account. My company is not out any money, the next day the check that cleared is reversed and we get our money back. You know who is getting screwed? The people that are foolish enough to believe the story the scammer gave them and cash the check. One guy actually deposited a $4950 check to his account that we saw go through. He then googled our company, because our actual company name and address is on the check, and found our number and called. He spoke to the receptionist to ask if it was a real check. The scammer told him he could have his car wrapped for free and he'd get $500, he just had to take the $4950 check to his bank and deposit it, keep the $500 and send the remainder somewhere. Luckily for him, he thought to call us before he sent anything anywhere and is only going to be out the bounced check fee. + +Every single day someone has cashed one of these checks, amounts ranging from $900 to $5,000. Another lady called us yesterday and said she got a check int the mail with a letter to call X number after receiving it. Instead she googled us and called to ask if it was a real check. No ma'am, it sure isn't. It seems they are using many different stories and scams with these checks and I think this is probably going to continue until we can finally get that account closed. Our police department can't do anything because the checks are being cashed all over the country and not in their jurisdiction. They said its up to our bank but I'm not sure how much they are going to do either since none of us are out any money, its just the hassle and manpower to deal with it. + +It amazes me that anyone still falls for this but they absolutely do. Please, if it seems to good to be true, it 10000% is. +I've been bad with savings since as long as I can remember. And having a 4 month old doesn't help either but this is a positive start + + +Edit: gotta say I didn't think this would get as much attention as it did. Thanks guys/girls! + +Edit 2: thanks for all the support! I feel like if I had posted this in other finance subs it would've gotten buried but you guys/girls understand because we're all living it! I'm really starting to love this sub. + +I've seen some sound advice about driving used cars in the $2-3K price range. One reason I've heard that people lease or buy new cars under warranty is that they will never have to worry about repairs. + +One other way to "never have to worry about repairs" is to save $100-200 per month and put it into a savings account earmarked for repairs. A savings account for repairs will take away all of the negative feelings associated with unexpected repairs. Your account is also likely to accumulate money over time that can be used for your next car purchase (if your first car was $2000 your second in a few years may be $5000). + +You can actually drive a bit nicer cars, too. I had a $7000 Honda Civic for about 5 years and after depreciation and repairs it cost me on average less than $40/month. It was a car I liked a lot and when something did break, I actually felt good about spending the money to make the repair because that was what the money was for. +So I am 28. I currently have $50k invested mutual funds, ETFs and stocks and I am currently making around $1,800 a year. My goal is to make it $50k by the time I am 60 or even before that for an early retirement. Currently I put in $500 every month and the dividends I do earn all get reinvested in the same vehicles via DRIP. I started about a year ago any tips or stocks I should be looking at. Currently I have TD, VCE, KO and a mutual fund. +Steve Huffman, CEO of Reddit called TikTok "fundamentally parasitic" and he's not wrong: + +> "Because I look at that app as so fundamentally parasitic, that it’s always listening, the fingerprinting technology they use is truly terrifying, and I could not bring myself to install an app like that on my phone." +> "I actively tell people, 'Don’t install that spyware on your phone,'" he later added. + +And it's not hard to see why. This is their privacy policy: + +> "Device Information +We collect certain information about the device you use to access the Platform, such as your IP address, user agent, mobile carrier, time zone settings, identifiers for advertising purposes, model of your device, the device system, network type, device IDs, your screen resolution and operating system, app and file names and types, keystroke patterns or rhythms, battery state, audio settings and connected audio devices. Where you log-in from multiple devices, we will be able to use your profile information to identify your activity across devices. We may also associate you with information collected from devices other than those you use to log-in to the Platform." + +And also TikTok is owned by ByteDance which is a Chinese company. ByteDance started out as a wonderful company and has lots of talented engineers **but they are still a Chinese company**. Lots of people don't know that when TikTok got popular the communist party forced the ByteDance founder to step down so they could replace him with a puppet. The communist party forced byte dance to appoint a government (communist party) board member to the company too. They are headquartered in Beijing and have many business and personal relationships with the government there. And even if this weren't true, china has laws where they can quite literally force any company to do anything they want "for the nation" (aka for the dictatorship...). + +Think about that next time you use TikTok. All your data is most likely going right to china to data farm, and all the content you see on TikTok is the content Beijing wants you to see. That our _enemy_ and the enemy of freedom wants you to see. + +Then there's also the [censorship issue](https://en.wikipedia.org/wiki/Censorship_on_TikTok) where TikTok censors tons of things: + +> certain content considered unfavorable to the Chinese Communist Party was already limited for users outside of China, such as content related to the 2019–20 Hong Kong protests or Tibetan independence. + +> certain content considered unfavorable to the Chinese Communist Party was already limited for users outside of China, such as content related to the 2019–20 Hong Kong protests or Tibetan independence. + +> On 27 November 2019, TikTok temporarily suspended the account of 17-year-old Afghan-American user Feroza Aziz after she posted a video (disguised as a makeup tutorial) which drew attention to the aforementioned Xinjiang internment camps. + +They also for some weird reason ban different videos about LGBT folks and a TikTok employee said their puppet masters in china told them to do so: + +> American former employees of TikTok reported to The Washington Post that final decisions to remove content were made by parent company employees in Beijing. + +So just to recap: + +1. this companies privacy policy says "we track everything you do +2. this company is controlled by a communist evil country currently committing a genocide, who has invaded a democratic Hong Kong already and will invade Taiwan +3. who supports mass censorship of opinions they dont like + +HMMMMM + +So if you think Facebook is bad (they are!) then I hope you _REALLY FUCKING HATE_ TikTok too because they are complete and utter trash and they run COMPLETELY OPPOSITE to the anti-censorship and financial freedom ideals we have in the crypto and decentralization space. +Or is it just the annual leave that is being paid? + +Edit: Many thanks guys! I tried to up vote you all. Love you. + +Edit 2: Holy shit guys. Thank you for all the anwers :D now help me with nursing on my other thread pls. +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 +Just to let ya’ll know, if you started working from home and isn’t really driving your car that often due to the Coronavirus outbreak and social distancing, you can actually call your auto insurance provider and request a lower premium for the duration of the situation because commuting distance is a factor that affects your premium. +I called today and lowered my monthly bill by 30 bucks in two minutes, definitely worth a try if you wanna save some money! + +Edit: Remember to change it back when things go back to normal. + +Edit: I use Geico insurance in Texas, results may vary depending on insurance company and state +So as the title says I am very in debt due to some very bad financial decisions as well as some stuff going on in my personal life. Im fully accepting that I made this bed and now I'm lying in it. + +My debt is as follows +$20,000 on a 11.99% CC +$9,000 left owing on an auto finance + +Currently I make $26,000 a year after tax which works out to be about $2154/mo and $1077 each paycheck. Currently my fixed monthly costs are as follows + +Rent - $790 +Auto Loan - $340 +Car Insurance - $210 +Gas - $120 ish +Dog food - $90 +Food - around $200 per month +Phone - $80 +Gym - $30 + +All this equals around $1860, so after all that I have around $294 left over for paying debt or anything small for myself. + +My minimum payments for my CC are around $200-$250 arm so I'm barely paying my monthly interest at this point. + +I just secured a job where I will be making $32,891/year after tax, $2740/mnth which after all my fixed expenses will leave me with around $881 a month. My main question is should I put all of that towards my CC Debt or should I be putting maybe minimum payments + $250-$400 towards that and putting the rest in savings? + +Edit: I thought I had it in the post but it appears I didn't put it in. I live in British Columbia Canada + +Thanks everyone for all of the tips and help, I will try to read all the comments and take into consideration what everyone said. I really do appreciate it and I hope that this thread will help someone in the future if they find themselves in a similar position. +I remember my economics professor telling me that there are basically two types of problems that India faces - Problems related to infrastructure and problems related to policy. While infrastructure related problems like electricity, ports, roads, health care etc cannot be solved overnight, policy related problems definitely can be and have been solved overnight with the stroke of a pen. + +Thanks to the license raj, policy related problems choke India more than infrastructure related problems. In fact, a lot of infrastructure related problems find their way back to policy related problems. The Balance of Payment crisis was a blessing in disguise for India as it helped do away with a lot of rigid laws related to import and export. This helped a lot of capital heavy industries blossom in India which wouldn't have blossomed otherwise and in some way, the BoP related crisis was majorly responsible for much of the growth that India witnessed between 1990-2015 before it started tapering off and now has come to a stand still because of corona. + +But this corona crisis has given the government an opportunity to clean up another messy area which inhibit mass manufacturing in India, that is labor laws. When I read Arvind Panagariya's book on India, he was very clear that the one major thing that stops India from completely eradicating poverty are labor laws. Arvind's logic was simple. Most countries go through three phases - agrarian, industrial and then information. As time passes by, agrarian cedes share to industrial and industrial to services and information. + +However, in India, the license raj kind of ensured that the industrial sector never grew. As a result, even in 2020, agriculture accounts for an insanely large number of people's employment in India. This is not sustainable as most farms in India are small and not mechanized. We have minimum support prices exactly because farming in this country is not efficient. If we were to start imports of all farm products without any tariffs then local farming would be wiped away and as a corollary this also proves that India cannot be an agricultural products exporter. + +As far as services is concerned, a lack of government intervention proved as a blessing in disguise. We are pretty much the Chinese equivalent of IT exports. Great quality stuff exported in operationally efficient ways and cheap prices. This has meant that companies like TCS, Wipro etc are multi-billion dollar behemoths. They are like the Foxconn equivalents of the services sector. However, these service based companies are generally high skilled and can employ on a limited population of the country, generally less than 10%. + +Coming to manufacturing, license raj completely killed the sector. From MSRTP and the labor laws to nationalization, all this completely killed Indian manufacturing. Scale matters a lot in manufacturing, the bigger you are, the more the economies of scale to a certain extent and the cheaper it is for you to produce something. This is simple economics 101 that is taught to everyone in a B-School. India however punished companies for being big and indirectly rewarded them for being small. This meant that most of the units that operated in India were small, made low quality products and could never compete with the international giants. + +Thanks to the 1991 crisis, at least import and export laws were relaxed, so Indian companies imported machinery from foreign and exported finished products outside. Else before even intermediate goods had to be sourced from India and if the intermediate itself was not of good quality, even the final product was not great. Letting companies import without much restriction led to capital intensive industries flourishing but these industries always employed low number of people and were not really your "community lifters". The reason was even though MSRTP and import laws were relaxed, labor laws were really a thorn. + +Labor laws in India are insanely complex. My economic professor told me there is no one single minimum wage law in India. Dozens of laws that do nothing for the vast majority of the public. They are a tool for harassment rather than protection. A lot of think thanks have been recommending for overhaul of labor laws but nothing happened and for good reason. A lot of political parties are driven by political capital. Why mess around with labor laws and then face the ire of left wing media, the super powerful labor unions, some of which are themselves affiliated with political parties and do a lot of the grunt work in election. + +The corona however has given a perfect opportunity. The whole world is engrossed like never before on an event that no one has ever seen at this scale. The media is engrossed, the public is engrossed and event the labor union people are locked up in their homes and can't come out and protest en-masse. Capitalizing on this a lot of states have taken up much needed labor reforms. UP has led the way by literally reducing labor laws to just four of them for a period of three years. + +All of this will definitely be challenged in court but if after a protracted legal battle, the current complex mess of 150+ local and state based labor laws get reduced to even 100, it would be a big win for the manufacturing industry. Some of the laws like asking the permission of a local politician before firing an employee are absolute bollocks that make no sense in today's age. + +A lot of people have talked about the violation of human rights etc but here's the thing - less than 20% of India works in the formal sector. Remove those working in service sector and the number of people working in formal manufacturing jobs is even lower. As much as 80-90% of manufacturing jobs in India are in the informal sector where there are NO benefits, no over time pay, no maternity leave, no medical coverage. NOTHING. + +The current labor laws look good on paper but apply to an insignificant part of the population and have acted as a disincentive for manufacturers to start operating as formal operation on a huge scale which is very crucial in mass manufacturing. I would any day prefer 50% of the population having a bunch of core rights which will come through the judicial process than an elite 10-20% enjoying extravagant benefits while the rest suffer. + +I have a strong feeling that these labor laws amendments get pushed through, it will open the flood gates to another growth of strong spell for India. But a lot of it depends on how the court react to this and how or whether states follow suit. +Hello all, + +I apologize for the silly post, but I can’t help but feel I’m behind on my goals. Looking for some reassurances that Im heading in the right direction. + +I am a 29 year old with a current net worth of $360,000. $340,000 in dividend stock and various ETF’s, reminder in cash. + +I plan to retire with dividends as my primary source of income. I am looking to generate $5,000 a month, I am also looking to retire at age 40. My home will be paid off as will any other loans I currently have. + +Do those who have done this think I am on track to accomplish this or am I going to need to ramp up my savings/inventing. + +UPDATE: +For those who have asked. + +Annual Income: ~ 100k a year. +Mortgage: $2400 +Monthly expenses: try to keep it between $1000-$1500 +Dividend yield: ~ 4% looking to increase this number to obtain my goal. +Annual savings goal: $50,000/yr + +I make the max contributions to my companies 401k and HSA yearly. I have done this since the first paycheck I received. + +Side note: net worth is based solely off of my money. I am married but my wife is not as of yet working. + +So to the random comments stating my parents have handed me money. Please check yourself before making pointless accusations. + +Thanks, +I often hear that light rail/streetcars are too expensive because of the cost of rail infrastructure/rail, but it seems to me like BRT advocates ignore wear and tear on roads from BRT as well as the added land and capital costs associated with bus lanes and exclusive right of ways. + +Also buses have lower capacity AND need to be replaced sooner. Light rail vehicles can last ~30 years and have about twice the capacity leading to lower costs per user and a longer amortization period than buses. + +So why do many people say BRT is cheaper and more efficient than LRT/streetcar systems? +To paraphrase from this article, [https://michael-hudson.com/2018/08/the-next-financial-crisis-and-public-banking-as-the-response/](https://michael-hudson.com/2018/08/the-next-financial-crisis-and-public-banking-as-the-response/) , + +1. The \~10% fall in home-ownership rates from '08 to '18 meant that more people had to compete for renting a home, leading to rents rising. The calculations from OER (Owners' Equivalent Rent) amounts to around 6% of GDP, and these homeowners look to the increased rents around them and follow suit when reporting their OER, and as a result the increase from this is no real increase to GDP at all (even though the numbers report it as such), as it is simply overhead, not increases to income or output. +2. The other "not real" aspect of the recovery when looking at the GDP was people paying more money to the banks as penalties and fees for arrears on loans (of which credit card companies make more from than interest charges). This enters the GDP calculation as a financial service. To quote the rest of the explanation, "The statistical pretense is that they’re taking the risk on making loans to debtors that are going bad. They’re cleaning up on profits on these bad loans, because the government has guaranteed the student loans including the higher penalty charges. They’ve guaranteed the mortgages loans made by the FHA – Fannie Mae and the other groups – that the banks are getting penalty charges on. So what’s reported is that GDP growth is actually more and more people in trouble, along with rising housing costs. What’s good for the GDP here is awful for the economy at large!" + +I haven't seen this argument made elsewhere and was wondering if it's in any way valid. +Hi all, +I’m 34, engaged/married (partner is stay at home) with 2 kids (1 and 3yo) and recently sold 38% of my company to a Private Equity fund for 1.9M (EURs, I’m based in EU) or 1.55M after taxes. + +I will keep my position as CEO for 300k/y. I don’t plan to retire soon as I both love my job and will keep working consistently on my venture at least over the next few years. Yet, I want to start planning for fatFIRE. + +Last but not least, I’m from a very frugal mid-class family. We live with roughly 3/3.5k month, up until now we basically had no money (±80k/savings) and I’m currently the highest worth individual in my extended family (which is driving lot of attention from relatives). + +I’m seeking for advice from people with a similar story/experience. How do you ensure not to blow all the money? Any recommendation for investment? Should I just drop all we have in index funds and keep a minimum emergency fund in cash? In addition, I’m starting to be chased down by private bankers/financial advisors - any experience investing with them? +I've been thinking of buying houses to rent to college students. I'm looking in Binghamton, NY where the average 3 bedroom home goes for about $100k. Maybe my math is wrong but it seems like a slam dunk. Put down a $20k down payment, rent house for $1200/ month, minus $700/ month expenses leaves me with $6,000 per year in profit. On a $20k investment that's a 30% ROI, which is incredible. + +Does anyone here rent to college students? Has the pandemic hurt your investment income? I feel like by the summer things should start getting back to semi-normal again. +Our father Autist Michael Burry (Burry if you read that don't be offended, we mean it as a term of endearment. You are our hero). Has called the next crisis. He posted a book on twitter that I will link here. I have just finished reading the book: The dying of money. Here I will attempt to summarise why he says the end is nigh. + +I read the book so you didn't have to. + +&#x200B; + +Unfortunately I need to first explain some simple economics: but here goes... Most of you already know many of this stuff...you can skip a bit ahead. This first bit is for all the new retards we have recruited. + +&#x200B; + +In order to stimulate the economy, America, and other governments, by way of their Central banks ‘print money’. They do this by buying their own governments bonds in the open market. They sometimes, as during the COVID crisis, buy corporate debt too. They actually, literally, ‘buy’ this money with money they ‘digitally print’. That money comes from nowhere. (They add a liability and an asset to their balance sheet and boom- printed money). + +Their intention is to stimulate the economy by reducing interest rates. When you buy a bond, you push it’s price up, which then decreases it’s yield – if that relationship confuses you, here is an example. A 1-year bond is trading in the market at 98$ (this bond has a par value of 100$), so you can buy the bond at 98$ wait a year and receive 100$. A nice 2/98 = 2%\~ yield. + +Below, fed buys bonds, yields go lower. + +&#x200B; + +[Yields fall as government buys bonds.](https://preview.redd.it/k5c2gmio6ej61.png?width=554&format=png&auto=webp&s=f2519e2a3c5964b329dda0de9e05d03316876656) + +If interest rates go down, businesses borrow more money to invest, and jobs are created because investments create jobs. But, if an economy is running at 2% interest rates then even investments yielding a meagre 2.5% would be invested in, because they can earn the difference \~0.5%... + +**Why doesn’t the printing of money, by way of decreasing interest rates, cause inflation immediately?** Well, actually, it does. It creates inflation immediately in stock prices. The ‘printed’ money doesn’t go to your average citizen, it goes to corporations who sell their debt to the Central Bank. It goes to big investors who sell their government bonds back to the Central Bank because they can earn more in stocks this way. They are clever, they know a stock yielding even a stable 3% will earn them more than the current bond which only yields 2%. + +&#x200B; + +&#x200B; + +[Stonks go up when fed prints. Relationship is dumb simple.](https://preview.redd.it/xvtnb39w6ej61.png?width=553&format=png&auto=webp&s=093073729951c00917ffd9a974cb5974ba76c39b) + +&#x200B; + +# START READING HERE SMART AUTISTS!!!!!!!!! + +**When does printing become a problem?** + +The central bank looks at food prices, general household items, petrol prices, housing and other goods that the average you and me purchase almost every week. Bundle these together and call them CPI (Consumer price index) – inflation. Inflation in **certain** goods. + +Now let’s imagine a scenario. You have 100 people in an economy. 2 people are stinking rich and the rest get by fine but don’t have much extra to invest or save each month. They use their savings to purchase mediocre goods, a new bicycle, or a new TV. Why would they invest that extra $100, it’s too little a sum to have any affect, even in the long run, on their lives. + +Now we look at the rich, they already have the TV, the car, a wife and a girlfriend and maybe a few houses. Where does their extra savings go? Straight into stocks. And maybe a new car every so often. Fine-dining and other sorts of things which **are not in the CPI (consumer price index)** basket. + +&#x200B; + +**WATCH THIS:** + +Mr Central banker comes along and prints an extra $1000. Give this money to the Rich man what will he do? He already has the car; he already has the houses. He will invest it straight into the market. Bam! Stock market inflation, stock market goes up. This is what has been happening since 2008 (you will see a graph further below that displays this process). + +The extra 1000$ does not affect the CPI basket…The rich man is not going to suddenly eat twice as much or buy 10 more TV’s. The “stimulus” money from the Central bank inflates only the stock market. + +Give this 1000$ to the poor-normal man, what will he do? He may treat his wife to dinner, buy his kid a bicycle that he couldn’t afford. Fill up his truck. Pay his rent. It is not that he is wrong to do this, this is most likely his best option. A meagre 1000$ in the stock market will have no effect on his life, even in the long term. + +The point here, is that Central Bank ‘Printing’ does cause inflation, it causes inflation immediately in the stock market- because that’s where the money goes. Only when that money ‘spills’ into public hands (Think stimulus checks) does inflation in the ‘CPI’ sense of the word, unveil itself. + +**Inflation becomes a problem.** + +Inflation becomes a problem when it isn’t accompanied by its good friend economic growth. Inflation, has an interesting effect of raising bond yields. Investors don’t want 2% bond yield if inflation is at 3%. So, they simple do this- they don’t buy bonds. What happens when someone doesn’t want to buy your house? You lower the price. No one is buying bonds? Bond prices go lower, and therefore yields rise. – Remember if no one buys the bond the prices go from 98$ to 95$ (supply demand). At the end of the bond’s life, you get 100$, so the yield rises as the price falls. + +**The inflation problem occurs** when the average man got his hands on some of that sweet government money. The poor man was able to effect CPI because he will actually purchase goods in the CPI basket. Give every poor man in America 1000$ they will go out and buy from a limited supply of goods. A limited supply of goods, supply demand and prices rise. Inflation – CPI. + +&#x200B; + +**What do we do?** + +There are basically only two outcomes to this scenario: + +1. If inflation in CPI, caused by the average American’s stimulus check, opening of the economy, increasing oil and commodity prices, gathers momentum, it will finally unleash the latent inflation potential of America. Everyone who holds dollars, or dollar denominated debt – meaning every single country. Will pay for America’s inflationary sins. Fortunately, poorer countries who are indebted to America should actually benefit from this. + +Under this scenario inflation will need to increase by this much (look at red line in graph): + +&#x200B; + +&#x200B; + +[The red gap is the inflationary potential- The inflation that has not yet been realised but it does exist and needs to be realised eventually](https://preview.redd.it/zp2yb1r57ej61.png?width=463&format=png&auto=webp&s=3ab58d80429b169749c0d3b868007983fb5889f5) + +You can see that in 2008 the Central government began its shenanigans. In a stable economy, money supply should increase sort of in line with GDP. As you can see above money supply has increased far more than that. That gap, indicated by the red line, is inflationary potential. It now basically just sits in stocks. + +Under this scenario, by my calculations, money supply needs to come back down to real GDP. The Central Bank won’t do this. They won’t tighten. That would hurt too much. But the naturally forces of inflation will do it for them. And prices in the economy will inflate to catch up with the money supply. + +2) Scenario 2: A highly probable outcome: Japanification. + +Japan has been doing QE for a much longer time than America. The reason why they haven’t blown up in an atomic bomb of inflation is because this money never reached the hands of the middle class or the poor. So that inflation couldn’t occur in CPI. + +However, inflation did occur everywhere where the rich were. As it was them who had more access to this money. + +America’s Central Bank could, by way of printing even more money, buy more bonds and push down yields. They could let inflation run for a little while and hope it doesn’t gain momentum. If inflation gains real momentum, which it could because they are giving money to the middle and lower classes, then they cannot follow Japans lead. If inflation remains muted and low. The real issues of wealth inequality will only persist and worsen. + +&#x200B; + +It is not to say that the managers of these governments are inherently sinister in their motives to conduct QE, which disproportionately benefits the rich. It may just be the only way they know. And by human nature people would rather be instantly gratified, leaving future generations to pay for inflationary sins. + +&#x200B; + +**What happens in scenario 1 summary:** + +Inflation goes out of control (CPI inflation, stock inflation has already had its turn). Yields rise, Central Bank get’s spooked and tries to raise rates a little. Economy tanks due to raised rates. 6 months later or maybe a year later and the currency has found equilibrium by depreciating around 70% relative to the price of real goods- not relative to the price of other currencies. Or the currency has found equilibrium because they removed that money from the system-highly unlikely. + +Stocks fall because yields rose. And everyone has the next best opportunity to invest into the stock market. + +&#x200B; + +**What happens in scenario 2 summary:** + +Inflation rises a bit due to stimulus checks. Central bank remains unconvinced that inflation will gain momentum. If inflation does not gain momentum the Central Bank will continue to print until they see GDP growth. Stocks go up but until the wealth gap is too extreme and a revolution takes place. This could take 10 years or 100 years. + +&#x200B; + +&#x200B; + +[Inflation only becomes a problem when the poor get to buy normal goods that exist in the CPI.](https://preview.redd.it/soxtt7dm7ej61.png?width=602&format=png&auto=webp&s=247b3ccb7cb0c36c3a51064517ae66099b86ab80) + +&#x200B; + +TL:DR - You don't deserve to benefit in this crash. It is a well known secret that the real autists on this forum can read, and read well. + +&#x200B; + +One more thing- Warren Buffett, and Michael Burry, both filed their 13-F recently. They are holding a LOT of inflation hedged stocks. Telecommunications, real estate, consumer goods. + +&#x200B; + +[https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf](https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf) The book he posted. Read it, it's bloody enlightening. May even cure your autism. + +I see you dudes like this post, I'll write more here [https://cookiesforbrainscd1.substack.com/0237b307](https://cookiesforbrainscd1.substack.com/0237b307) +TL;DR This website takes your money and mails you blank forms that you could have obtained for free, and charges very high fees for this “service”. It leads you to believe you are paying a fee to receive a document directly (such as a passport or birth certificate). Warn your friends and family not to use this website! + +I’m ashamed to admit that I fell for a scam yesterday. My first instinct was to keep it a secret due to embarassment, but I’m sharing this in the hopes that it can help prevent other people from falling for this scam. + +In the midst of all the pandemic confusion, some government services have been restricted or shut down. I recently realized my passport expires on 4/24 of this year. However, the post office is not currently doing in person passport renewals. I was curious to see if there was a way to renew passports online. When I googled “Online passport renewal” this website, govfilingsonline.org was the first result. I was taken directly from google to the “Online passport renewal” website. I’d like to think that if I had gone to the main page first, I would have noticed further down the page where they mention they are a private company not affiliated with the government. In my opinion, this is only here to provide them plausible deniability, and they are hoping most people won’t notice this. + +Now what I THOUGHT this website was, was an official government website that allowed for online passport renewal. The website is well designed and didn’t set off any “scam” alarm bells for me. It leads the user to believe that you have to pay $130 to the website, and you will have your renewed passport mailed to the address you provide. + +What this website ACTUALLY does is mail you blank passport renewal forms, which you can obtain for free from this website: https://travel.state.gov/content/travel/en/passports/have-passport/renew.html + +You then have to fill out these forms, and send an ADDITIONAL $110 to the government for the passport renewal fee, as this website is unaffiliated with the government in any way, and pockets the $130 you send them. + +This website has hidden in the terms and conditions that it processes orders immediately, and so will not offer cancellations or refunds under any circumstances. It also has small text next to what looks like a checkbox for standard agreement to terms that says “The $130 does not cover the $110 fee” or something to that effect, which I actually read and somehow didn’t process before I hit “submit”. Some part of my brain was like “What does that mean? Eh, that must be for special cases, there’s no way this website just takes $130 and provides nothing.” and I clicked before that thought had completely sunk in. I instantly regretted it. I realized what the scam was when I got my confirmation email that basically says my blank forms are on the way, which I will then need to fill out and mail back to the government with my $110 passport renewal fee, old passport, and passport photo. + +Obviously I am kicking myself, and I’m sure anyone reading this must wonder how I missed so many red flags, and I must be an idiot. I’ll admit, looking back at this, I have no idea how I fell for this. However, if I can fall for it, it’s possible that one of your friends or family could as well, so PLEASE make sure everyone you care about is aware of this website and knows not to use it for any services. (They also pull the same scam for people trying to obtain their birth certificate apparently.) + +I’ve read that people who mentioned submitting a charge dispute received the following response from this company: +“We win 99.5% of credit card disputes we receive. After we beat a dispute, we charge $100 (as outlined in the Terms) to recover damages caused by the customer's dispute. If the $100 debt does not get paid, we report it to all 3 credit bureaus to negatively affect the disputers credit. If the individual attempts to dispute the credit reported debt, we also rebut that inquiry to ensure that the customer either pays the debt, or the credit remains affected.” + +So I honestly don’t know where to go from here. I may call my bank and just see what they think, but I kind of want this to just be over. I don’t want this company causing further trouble for me and impacting my credit for $130, and I don’t want to end up having to pay them $230 instead of just the $130 I have most likely already lost. Even though this company obviously knows the scam they are pulling on people, they seem to have their bases covered with various small print disclaimers littered around the website. + +I think I have to chalk this up to a $130 lesson learned. I figure if I share what I’ve learned with other people, then the cost per person of this lesson goes down the more people I share it with. + +The takeaways here: + +* Just because it’s the top result on Google DOES NOT MEAN it is a legitimate resource, or that it is what you are actually searching for. +* Before giving any money to any website at all, just give the name a quick search. I really wish I had done this before giving this site money, because there are plenty of results of other people complaining of getting scammed exactly like I did. I’m not alone in having fallen for this companies’ misleading scam. +* Scammers are getting more sophisticated. A website can have no grammar mistakes, have a professional clean design, and still exist only to steal your money. Don’t trust a site because it doesn’t “look like a scam” that isn’t enough! Why this is a lesson I had to learn the hard way, I don’t know. I’m a professional web developer, I can make a professional looking website by myself in a few hours, and if I had no morals or ethics I could set up a similar scam myself. +* IT WASN’T A .GOV WEBSITE! WHY DID I NOT CONSIDER THIS?! Make sure what you’re doing just generally makes sense. For example, if you think you’re on a government website, is it a .gov domain? +* Don’t rush, take things slow, make sure you read everything that you are agreeing to, even if it’s boring and you think it’s the same standard stuff you’ve seen a million times. + +Again, I realize this looks like I just ignored a million red flags and this makes me look like a complete idiot. Trust me, I realize this and I definitely feel like an idiot, but I want to help people not fall prey to this scam, and make sure they can protect people they care about such as parents, grandparents, other people who may be more likely to fall prey to such a scam. I don’t have any excuses here really, I’ve had a lot on my mind, I wasn’t focused on the task at hand, it was one chore of many that I just wanted to put behind me and I rushed through it thinking this was a legit way to renew my passport. Ironically this is now a much bigger deal than it would have been if I had just taken my time and made sure I understood what I was doing. + +Links to sites where other people complain of falling for the exact same scam in the exact same way that I did, just so you can see that I’m not some exceptionally stupid outlier: + +https://www.bbb.org/us/ca/sausalito/profile/legal-document-help/govfilingsonline-1116-898909/complaints + +https://www.trustpilot.com/review/govfilingsonline.org + +https://no-scam.com/review/govfilingsonline-org-4480/ + +https://ripoffscams.com/reports-filed/govfilingsonline-org/upland/https-www-govfilingsonline-org-this-is-an-internet-based-company-to-help-you-file-an-ein-number-they-take-your-money-whether-you-want-their-business-or-not-sausalito-ca-california/75419/ + +https://reportscam.com/govfilingsonlineorg_1 + +Edit: +I've learned that the same guy that runs govfilingsonline.org also runs the following sites: + +* FastBirthCertificates.com + +* quicktaxid.com + +So please avoid those sites as well. He's running similar scams using those domains. + +BBB complaints for FastBirthCertificates.com: +https://www.bbb.org/us/ca/sausalito/profile/recorded-information/fastbirthcertificatescom-1116-538915/complaints +I've been watching this thing for a while now, and while I'm not usually the kind to post on reddit, I thought this is the time to get something going. + +I'm talking about **BINGUS**. + +Looking at the chart I think we are in a great position for some major moonshot material, especially when compared with other coins/tokens that had a similar action so far. + +**Chart is one thing but what is there to back it up ?** + +Well for one, the team is extremely active, constantly finding new ways to promote their project. In fact they've done some stuff I've never even seen before ! Partenering up with people that have **enormous reach,** well beyond the cryptosphere !? Sign me up ! So far they've got the support of [**Rocky Kanaka**](https://twitter.com/BingusToken/status/1383162363306725378) and [**Bbno$**](https://imgur.com/a/5jnDXIG)**,** no less, and I heard they're working on stuff even bigger than that. And Bbno$ even made a short [**BINGUS TRACK**](https://soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7) !!!! + +**That alone is a major signal to me.** + +But beyond that, there's other things that to me prove without a doubt the insane potential of this project: The [**telegram**](https://t.me/bingustoken2official), which you should check out even if you don't plan on buying in, is easily one of the **coolest crypto-community I have seen so far**. There's always someone to answer, there's always something going on, and the vibe is always good, even now that the price is lower ! It's pure joy to just talk there. + +And the low price is maybe one of the best parts of this whole thing. The entry price right now is almost too good ! It's not gonna last for long, and that alone in my opinion is almost GUARANTEEING an easy 10x from here, and **A VERY REALISTIC 100x** in the near future ! + +Add to all this the Low MCap, **fully doxxed owner, locked liquidities, thousands of dollars of donations already made and tens of thousands of donation planned**, the pretty **revolutionary voting system** in place, which allows the community to vote for their favorite shelter all the while helping with liquidity. + +**Anyway I feel it's been enough talk, here comes the part that will immediately scroll to if they don't read none of the above:** + +**Holders:** 2768 + +**MCap:** 1.8M + +**WEBSITE :** [https://bingus.finance/](https://bingus.finance/) + +**PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Twitter:** [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +**Telegram:** [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Discord:** [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +**Chart:** [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**BSC Scan:** [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Locked liq (RUGPROOF):** [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC) + +*DISCLAIMER: I am financially invested in Bingus but this is no financial advice, DYOR, I think it will definitely convince you on its own !* +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Follow the golden rule. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +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* +\-------------------------------------------------------------------------------------------------------------------------------------- + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + + + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Deregulation Agenda** + +BBC Part 16: **The Apollo Missions** \- [ Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +&#x200B; + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +First off - to address all the attention 10.1 getting removed got. + +Besides the fact that it was all over the Hot page of Superstonk, besides the fact that it made it to the top 5 of r/All, besides the fact that loads of you beautiful Apes took action and made sure it got attention by cross-posting, upvoting etc... + +I just wanted to say this... + +From my perspective, that was all one of the coolest things I've ever seen. + +I know there have been bigger incidents in the GME saga etc, but I got to see firsthand the community coming together and sticking up for something you guys believed in. + +When the post got removed, I was a little pissed off and figured it was a waste of work and I'd prob just call it quits at that point. Said I'd post it, expecting 20 -30 upvotes. + +But seeing the reaction was inspiring. + +You Apes are Inspiring! + +And again, shoutout to u/jsmar18 and u/captain-fan for sticking up for me to the Reddit admins and getting the post back, when they KNEW they didn't have to and there was a chance it would cause hassle for Superstonk Mods. + +And thanks to everyone who reached out directly too! + +Honestly means ALOT lads! + +Here's a hug! + +&#x200B; + +https://i.redd.it/nqtj4hlz85h71.gif + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok onto today's episode! + +Let's kick this episode off with this... + +(Dated: July 14, 2020) + +# FBI concerned over laundering risks in private equity, hedge funds - leaked document + +&#x200B; + +https://preview.redd.it/6574zi8qm3h71.png?width=1400&format=png&auto=webp&s=e7b097f7ae331dd1f8f00207371b74f862512860 + +[Source (Reuters)](https://www.reuters.com/article/bc-finreg-fbi-laundering-private-equity/fbi-concerned-over-laundering-risks-in-private-equity-hedge-funds-leaked-document-idUSKCN24F1TP) + +While you can feel free to read the full article above, I am going to directly quote a lot of this as I believe this is something that everyape should know about. + +*“The U.S. Federal Bureau of Investigation believes firms in the nearly* ***$10-trillion*** *private investment funds industry are being used as vehicles for laundering money at scale, according to a leaked intelligence bulletin prepared by the agency in May.”* + +Opening fucking paragraph... + +So the FBI believes that the **$10-Trillion** private investment funds industry are being used as vehicles for money laundering??? + +**First-off $10-Trillion????** + +In BBC 10.1 I thought the estimates for offshore tax haven private funds was small at $400 Billion, and while I know that not EVERY Private Investment Fund is Offshore, there certainly seems to me like ALOT MORE POTENTIAL of tax avoidance, if the FBI estimates the value at **$10 Trillion**?? + +Honestly... + +Is it just me? + +Am I losing the plot? + +Fuck it... Early Puppy Break! + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Aww... who's a good guard dog! Yes you guys are good guard dogs! + +&#x200B; + +https://preview.redd.it/d221xqdsm3h71.png?width=1000&format=png&auto=webp&s=9d568ffa4b7927c5b0a911dcb28e710c62522439 + +\----------------------------------------------------------------------------------------------------------------------------------------- + +The information that made up the basis for this article came from **LEAKED LAW ENFORCEMENT DOCUMENTS** + +The biggest Data-Leak relating to the Police force in history... **AKA BLUELEAKS** + +&#x200B; + +**BlueLeaks**, sometimes referred to by the Twitter hashtag **#BlueLeaks**, refers to 269 gigabytes of internal U.S. law enforcement data obtained by the hacker collective Anonymous and released on June 19, 2020 by the activist group Distributed Denial of Secrets, which called it the "largest published hack of American law enforcement agencies. + +The Blueleaks data has **SINCE BEEN REMOVED** almost entirely from the Internet, so we do not have an original source here to reference. + +But if you want to check out some of the background on this and all the other information that was exposed, the best place I've found is using the Twitter Hashtag. + +BUT.... + +At the time of the leak, a press release was issued by Reuters which gave us this article and at the time of the article, all the data was still online... + +**SO REUTERS HAD SOURCES FOR THEIR ARTICLE** \- And we will use their article as the source for this one. + +(Hope that makes sense, if it wasn't Reuters I'd probably discount this) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +MORE CRAZY SHIT REVEALED: + +&#x200B; + +>It also said the industry lacks adequate anti-money laundering programs and called for greater scrutiny by regulators, which have yet to issue rules for the industry. +> +>The FBI bulletin (SOURCE NO LONGER AVAILABLE) cites four cases of planned or reported laundering operations, involving hundreds of millions of dollars, using private funds. One of those cases led to a criminal conviction. +> +>“Criminally complicit investment fund managers likely will expand their money laundering operations as private placement opportunities increase, resulting in continued infiltration of the licit global financial system. If greater regulatory scrutiny compelled private investment funds to identify and disclose to financial institutions the underlying beneficial owners of investments, this would reduce the appeal of these investment firms to threat actors, at which time the FBI will re-visit this assessment,” +> +>The FBI’s assessment is made with “high-confidence”, the bulletin read. + +So the **FBI**, has a **HIGH-CONFIDENCE** that full-on **ILLEGAL** money-laundering activity is running through these private funds... **AND THEY HAVEN'T BEEN ABLE TO STOP IT DUE TO A LACK OF TRANSPARENCY!** + +So back to us... + +If the FBI can't catch this shit... what are the chances the SEC can catch their shit? Or the IRS catch their shit? + +Is this whole Private Funds thing basically just like the Darkweb? Where anything goes, and no1 is traceable? + +&#x200B; + +>The Securities and Exchange Commission describes private funds as pooled investment vehicles that are excluded from the definition of 'investment company' under the Investment Company Act of 1940 ([Source behind paywall](https://www.google.com/url?q=http://go-ri.tr.com/E4a3Vf&sa=D&source=editors&ust=1628805820161000&usg=AOvVaw3ji_Uhyk0BJGWrzUC2MV5S)) which governs mutual funds. Private funds generally include hedge funds and private equity funds, according to the SEC. + +&#x200B; + +**So hedgies are part of this!** + +>Hedge funds wager on public-market equity, debt, derivative, foreign exchange, cryptocurrencies, and other liquid investments. The conventional PE strategy similarly uses high amounts of debt purchase underperforming companies or corporate assets, which managers then restructure. +> +>Unlike hedge funds, PE vehicles are illiquid, with long investor lockups being a signature of the asset class. Both asset classes cater exclusively to institutional clients and accredited investors, or people whose net worth exceed $1 million. + +(Interesting that their net worth floor is $1 million, similar to what I suspected in 10.1) + +&#x200B; + +>Over the last several years, hedge funds have fallen out of favor among many institutional investors, while private equity funds and other private markets vehicles have continued to grow in assets under management,” said Bryce Klempner, a partner at consultants McKinsey & Company in Boston. + +So there's more and more going into these Private Funds!! + +&#x200B; + +>The bulletin cites four cases in which hedge funds and PE firms “have been used to facilitate transactions in support of fraud, transnational organized crime, and sanctions evasion”. Intelligence in the report was collected between March 2017 and July 2019. + +They know crimes are being committed using these channels and have already been flagged by them!! + +>First, the FBI highlights the case of Mark Scott, the disgraced partner of a major U.S. law firm, who was convicted in New York last year of helping the operators of initial coin offering scam OneCoin launder more than $400 million. +> +>The FBI omits mention of Scott by name, but describes how fraud funds were moved and concealed “through a series of purported private equity funds holding accounts at financial institutions, including those in the Cayman Islands” and Ireland. Details of the Scott case match the FBI’s account. + +Did you **FUCKING READ THAT????** + +Crypto Scams are using Private Funds to conceal their money through the CAYMAN ISLANDS>???? + +(And Ireland of all places??!) + +&#x200B; + +https://i.redd.it/61p0xo6ym3h71.gif + +[https://i.redd.it/mx1qjm54xzg71.gif](https://i.redd.it/mx1qjm54xzg71.gif) + +So this isn't just THEORY any more apes... This **ACTUALLY HAPPENED** and is documented in ongoing investigations. + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Ok this bit is a big block of text... but trust me Apes... it's worth it! + +&#x200B; + +>Enabling the activity are private fund incorporation and operating structures that disproportionately favor bank secrecy jurisdictions, particularly Delaware state and the Cayman Islands. These locales are the most popular domestic and offshore destinations to set up general partnerships for global hedge funds and PE funds, respectively. +> +>Hedge funds and private equity firms receive funds from entities registered in nations that maintain laws conducive to masking underlying beneficial owners,” which makes it harder for U.S. financial institutions and regulators to determine the source of funding, the FBI bulletin read. +> +>As of April 2019, some 70% of these private investment advisers were domiciled in the Cayman Islands, according to an article written in Cayman Funds Magazine by a partner at offshore law firm Carey Olson. A total of 20% of dollar funding to global banks comes from the Caymans, according to a Q3 2019 Bank of International Settlements report. +> +>Martin Kenney, a British Virgin Islands-based asset recovery attorney who has represented victims of hedge-fund swindler Allen Stanford and other frauds, said: “It stands to reason that a not-insignificant proportion of the capital managed by private investment funds is dark money. + +&#x200B; + +So it's essentially confirmed that everything is as I've suspected. These funds are Dark Money, with little traceability, little regulation and poor anti-money laundering structures, not to mention the **POTENTIAL** for tax evasion, stock market manipulation and so on... + +So **NO WONDER**... so many Hedgies have **SO MANY** funds both in the Caymans and other Private Fund favorite destinations! + +Fuckin Puppy Break! + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Here puppies! It's Dinner Time! + +Who's hungry??? + +&#x200B; + +https://preview.redd.it/bj1o2arzm3h71.png?width=1024&format=png&auto=webp&s=6c2eb47bf7a0aeedbeb4a13b50da72b18182d83c + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Ok so... + +There's lots more in that article and I do suggest you Apes read it! + +[Source](https://www.reuters.com/article/bc-finreg-fbi-laundering-private-equity/fbi-concerned-over-laundering-risks-in-private-equity-hedge-funds-leaked-document-idUSKCN24F1TP) + +But the other big thing I got from it was... while I was schooling myself through this article, I found a reference to a new type of form that I never heard of that offered public-facing information. + +# Form ADV… + +No not DFV, ADV... + +So this form requires our favorite Hedgie Allstars to **PUBLICALLY** disclose information about all their private funds… + +Now, before we jump into the meat of this, there is a section before going into the information that LISTS Citadel Advisors LLC Alternate names. + +[Source](https://www.google.com/url?q=https://adviserinfo.sec.gov/firm/summary/148826&sa=D&source=editors&ust=1628805820163000&usg=AOvVaw0tJ0HzEPj5uNvhmacdMYU3) + +Did you KNOW that Citadel Advisors LLC is also known as ASHLER CAPITAL LLC??? + +STOP lying… no you didn’t! + +I searched Reddit for Reference of Ashler Capital and… + +&#x200B; + +https://preview.redd.it/rw3x5j32n3h71.png?width=862&format=png&auto=webp&s=fa40fa953bba5a31220fd1375f62dc49aa60b17c + +Feel free to check them out: [https://www.citadel.com/investment-strategies/ashler-capital/](https://www.google.com/url?q=https://www.citadel.com/investment-strategies/ashler-capital/&sa=D&source=editors&ust=1628805820164000&usg=AOvVaw3SJKLP--KLJzBbrP8RnEyT) + +But anyway… that’s not why we came here. Let’s take a look at all the PRIVATE FUNDS that Citadel have disclosed. + +(Remember those Private funds that the FBI are worried about?) + +This is a LONG document, but anyone that likes mildly interesting boring information can take a look through it here… + +[SOURCE](https://www.google.com/url?q=https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf&sa=D&source=editors&ust=1628805820164000&usg=AOvVaw1uUnjneeXoHZ86hnxUIyRS) + +But the synopsis is: + +**The Document outlines the LIST of all Citadel Private funds. Similar to what we discussed in** [**BBC Ep. 10**](https://www.google.com/url?q=https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/&sa=D&source=editors&ust=1628805820165000&usg=AOvVaw1MoiVCJaX0B5qajQM8HqCS) + +But not just the Cayman Islands you see… + +Kenny has many Private funds, either in the Caymans or US (Often Delaware)... + +But the **INTERESTING** thing about this form, is it also lists the **CUSTODIANS** of these funds… + +&#x200B; + +https://i.redd.it/w9xjrj86n3h71.gif + +Yes Tom... I said Custodians of these Private Funds. + +You see custodians are entities listed that have permission to control a portion of these given funds. + +**NOW…** + +I’m sure all you apes Remember **BrazilGate** ya? + +[The missing Puts that disappeared in Brazil?](https://www.google.com/url?q=https://www.reddit.com/r/Superstonk/comments/otnu92/wtf_are_these_puts_financial_companies_listed_in/&sa=D&source=editors&ust=1628805820166000&usg=AOvVaw368vqKzZ80DgsETltCEdhQ) + +(Credit u/SenateMajorityLeader ) + +Well let’s take a look at who Kenny **TRUSTS HIS MONEY TO**… shall we? + +\----------------------------------------------------------------------------------------------------------------------------------------- + +# Complete List of Citadel Private Fund Custodians… + +* BANK OF AMERICA - CHICAGO +* BANK OF NEW YORK MELLON - NEW YORK +* CITADEL CLEARING LLC - CHICAGO +* CITIGROUP GLOBAL MARKETS INC - NEW YORK +* DEUTSCHE BANK AG - PORT LOUIS, MAURITIUS (TAX HAVEN) +* JPMORGAN CHASE BANK - NEW YORK +* MERRILL LYNCH PROFESSIONAL CLEARING CORP - NEW YORK +* BANCO SANTANDER- SPAIN +* BNP PARIBAS COMMODITY FUTURES LIMITED - LONDON +* BNP PARIBAS SECURITIES CORP - NEW YORK +* BOFA SECURITIES - NEW YORK +* CITIBANK - GREENWICH +* CITIGROUP GLOBAL MARKETS LIMITED - LONDON +* COMPUTERSHARE SECURITIES CORPORATION - CHICAGO +* J. ARON & COMPANY LLC - NEW YORK +* J.P. MORGAN SECURITIES LLC - NEW YORK +* JP MORGAN DUBLIN PUBLIC LIMITED COMPANY - IRELAND **(Fuckin Irish!)** lol +* SG AMERICAS SECURITIES - NEW YORK +* SOCIETE GENERALE INTERNATIONAL LIMITED - LONDON +* STANDARD CHARTER BANK - LONDON +* BANK OF NEW YORK - BRUSSELS +* BANK OF NOVA SCOTIA - HALIFAX +* CONTINENTAL STOCK TRANSFER & TRUST COMPANY - NEW YORK +* COWEN FINANCIAL PRODUCTS - NEW YORK +* NOMURA GLOBAL FINANCIAL PRODUCTS - NEW YORK +* NOMURA INTERNATIONAL - LONDON +* SCOTIA CAPITAL - NEW YORK +* SOCIETE GENERALE - PARIS +* STANDARD CHARTER BANK - LONDON +* STATE STREET AND TRUST COMPANY - BOSTON +* WELLS FARGO BANK - MINNEAPOLIS +* **BANCO B3 S.A - SAO PAOLO, BRAZIL** <<<-- +* HSBC BANK PLC - LUXEMBOURG +* ROYAL BANK OF CANADA - TORONTO +* **UBS BRASIL CORRETORA DE CAMBIO, TITULOS E VALORES MOBILIARIOS S.A. - SAO PAOLO, BRAZIL** <<<-- +* WELLS FARGO SECURITIES - CHARLOTTE +* COWEN FINANCIAL PRODUCTS LLC - NEW YORK +* SKANDINAVISKA ENSKILDA BANKEN - STOCKHOLM +* VSTOCK TRANSFER - NEW YORK + +(I probably actually missed some, because that’s a lot of scrolling and had to pull these out manually) + +But I think you get the idea… + +&#x200B; + +**DOES ANYONE ELSE FIND IT STRANGE THAT THE ONLY COUNTRY LISTED IN THE DEVELOPING WORLD HERE IS BRAZIL?** + +So **PLEASE**... any apes with a Finance background tell me if I am wrong here... + +Let's say I owned a Hedge Fund... and I wanted to move money around the world without raising too many flags... wouldn't having unregulated private funds set up and granting access to different entities around the world allow me to do that? + +Or... if I had a hedge fund and I wanted to make some puts disappear down in Brazil, wouldn't having Private Funds setup and granting access to portions of those funds to Banks in Brazil be first step to make that happen? + +Even the FBI say they have too little control over this! + +**NOT TO MENTION THE FACT THAT ALL THESE FUNDS ARE BASED IN TAX HAVENS!** + +FUCKING PUPPY BREAK + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Awww... whos got the stick?? Who's going to get the stick to me??? + +&#x200B; + +https://preview.redd.it/7yyu2lm8n3h71.png?width=656&format=png&auto=webp&s=6cb8a968bd4a47368e6b2b225732c17e6de6dd30 + +\----------------------------------------------------------------------------------------------------------------------------------------- + +That's it for today's Episode Apes! + +Remember... the purpose of these posts is NOT to unveil some revelation or point out some corruption... + +Instead, it's merely to ask some questions about how things work and see if we can grow some wrinkles. + +Knowledge is power! + +Apes Together Strong! + +&#x200B; + +https://preview.redd.it/1x7teiaan3h71.png?width=1920&format=png&auto=webp&s=623c5afc6a496e69ffb161a9ef4506d838937b67 + +If you like this series... please let me know what you think in the comments! Really helps keep me inspired! + +Also... + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +&#x200B; + +# EDIT - Missing Brazilian Options FINALLY solved??? + +Shout out to u/realBeezie for reaching out to me and putting together this final piece of the puzzle. + +https://preview.redd.it/uz1yo4j23zj71.png?width=1486&format=png&auto=webp&s=6d04a54f01262556e40d2808f453070ef67e25be + +So in the above Post, I hinted towards the Brazillian Connection with the Brazilian banks listed as Custodians in Kenny's Private Funds in the Caymans. + +But those Brazillian Banks were not the listed owners of the Options. + +What u/realBeezie found was that ONE of the banks I had listed, had actually PARTNERED with one of the banks associated with the Options. + +**Banco Do Brasil Partners with UBS** + +[source](https://www.ubs.com/br/en/ubsbb-investment-bank.html) + +Banco Do Brasil is listed as a Citadel Fund Custodian + +And UBS is associated with the missing options + +\#16 + +&#x200B; + +https://preview.redd.it/mn8xauyx3zj71.png?width=1182&format=png&auto=webp&s=c369ecb8e2f7d740a4550594bcc152fa54719b90 + +MYSTERY SOLVED? + +What do you think Apes? + +&#x200B; + +# EDIT 2 - Overthinking it! + +Ok, so we actually had the connection already, because UBS is already a custodian of Shitadel as per my list above. + +Still solved though... just never realised it. +[Article](http://jalopnik.com/84-month-auto-loans-are-becoming-more-common-because-yo-1825414883) + +> Records have been set in practically every metric for auto loans, as of late: Americans owe a record $1.1 trillion in loans; a record 20 percent of new car loans have 72 month terms; people are overall paying record amounts for a new car; and a record 6.3 million people are 90 days or more behind on their loans. + +Maybe this won’t cause the next Great Recession, but it ain’t good. +I'm a noob investor looking for my first rental after saving up a pile of cash. + +I heard "for sale" house inventory is down 60% in Utah right now, which makes sense because it seems impossible to find a reasonable deal. Any property that stands a chance of making a decent cash-flowing rental is snatched up by cash buyers (and by decent cashflow I only mean like $200). Last week we offered $220k on a 90s townhome listed for $205k and were outbid by *multiple* cash buyers. Yowza! +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. +* [**Dr. Susanne Trimbath AMA Transcription and Summary**](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/), with supporting materials (and memes) + +## 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)| + +# 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* +Been considering getting a 2nd job for some time now as my current software job doesn't pay nearly enough to secure a mortgage in Sydney (bank will only lend me up to 400k on my current salary due to new requirement from the bank to increase interest rates by 3% from next year). Obviously, 400k isn't gonna buy you a thing in Sydney so they told me I need to find a way to make an extra 30k a year somehow. + +Does anyone know of any jobs/things one can do to make an extra 30k a year while working full-time? Preferably on weekdays +This is for you guys & for myself as well, kind of as a reminder to myself. + +1. Do not treat this as something you can make quick & easy money. Like anything, it has a learning curve & requires time. You coming into this game expecting to be consistently profitable in your first day, week, month, etc is an insult to all the traders that have been doing it for years & haven’t yet found their consistency or to all the profitable traders that have put hours on hours into finding their edge, taking losses, making sacrifices, etc. + +2. Focus on the process, not the money in the beginning. Paper trade for a while if you have to or do what I’m currently doing which is trading with just 1 share. If you focus on the money, you will lose. You’re not thinking about what you should be going for if all you have is making money right away. The money will come in time but what’s important in the beginning is the process. + +3. Be self sufficient. You can use chat rooms & all that as an idea generator but do not follow their plans. Make your own plan before you enter a trade. Stick to that plan. If you have a stop loss at a certain price, do not hold past that mark, sell as soon as it touches it. If it happens to bounce back as soon as you sell it, do not buy it again unless it’s in your plan. If something is not in your plan, you don’t do it. If chasing is not in your plan, don’t do it. Stick to that plan & always make one before you enter a trade. Write it out or type it out. Have an entry point, an exit point if the stock goes against you, how you’re taking profits if it goes according to plan. Are you taking 100% off at 1.50? Or maybe just 75% at 1.50 & holding the rest to see what it does past 1.50 & selling if it fails. + +4. Cut loss quickly. You’ve probably seen this rule around but it’s one of the most important rules if not the most important one to always use. You need to survive in this game. If you blow up, you’re out of the game for who knows how long & maybe you don’t return at all. + +5. Date stocks, don’t marry them. I see a lot of people bag holding these stocks as if the stock owes them something. If a stock gets to your exit point, break up with it right away. Do not hold on to it thinking it’s going to change. Forget about whatever you read, forget about all the research you’ve done on it. None of it matters, majority of these stocks are bad companies that aren’t going anywhere & we’re day traders not investors so why are you holding on to the stock? The stock can go the way you want it to if you hold on to it but think about this for a second: You will regret selling a stock & a few minutes later or even a few seconds it turns & goes according to your plan but you will not regret it as much you not selling the stock & it continues to go down by who knows how much. The first regret is not as physically, emotionally & confidence destroying as the 2nd one. The 2nd regret can ruin you & teach you what you shouldn’t do. What I mean by teach you what you shouldn’t do is that you will begin to think that if you just hold on to a stock instead of sell it where you were supposed to & by some luck it turns & goes the way you wanted it to, you will begin to think that if you do this every time, you can’t lose until you have that one big loss that destroys your account & only then will you hopefully learn the right lesson. + +6. Trade small. There’s a lot of mistakes that you’re going to make, some of them you will learn from others but you won’t learn all of them from others. I say to focus on the process for many reasons & one of them is that you need to identify these mistakes. Every time you take a loss or a win, you can learn something from it, maybe you made a mistake that cost you. You now know what this mistake is & can find ways to not make it again. Trading is relative. You may be making $10 every win & losing $5 on every loss but the only thing that’s stopping you from making $100 or $1000 every trade & losing $50 or $500 every trade is extra 0’s at the end of your buy order. Learn how to actually trade first with a small amount before you decide to ramp it up. If you haven’t found a profitable setup or are a complete beginner, you starting with 100k or 500k & risking over 5% or something of your account will not give you better odds of being successful at this as opposed to someone starting with 25k. It’s all relative, you may be playing with more size but you will lose & win the same % amount as someone with 25k. + +7. Continuation off 6. You want to avoid mistakes but at the same time you want to face them. Why? Because if you make ‘em early in your career when you’re trading small, you won’t make as many when you’re trading with large size & learning the lesson from these mistakes when you’re trading trading with large size will be much worse on your account than when you’re just starting off & can afford to take those mistakes if you’re trading with small size. + +8. Everyone trades differently. Each & every one of us has a different risk tolerance, different situation, account balance etc. What works for someone might not work for you & maybe it does but you won’t know unless you try it. An indicator may work for one trader but not work for you. Also if anyone says something doesn’t work, do not take that to heart. There’s people that say technical analysis doesn’t work & then there’s people that say it does work. Try everything. Don’t just brush of it because some guy on reddit said it doesn’t work. Even if a well known trader says it doesn’t work doesn’t mean you should believe that. It might work for you, you dont know yet. + +9. Focus heavily on risk reward & working on your risk management. Do not go for 1:1 risk/reward, especially as a new trader. Go for at least 1:2 risk reward. Meaning that on every trade, if you’re looking to make $10 on it, you should be looking to only lose $5 on the stock if your risk/reward is 1:2 If a stock is a 1.00 & you’re looking to buy at that price & you decide that you want to sell at 1.10, then at the very least you should be looking to sell at .95 if it goes against you. You’re risking 5 cents to make 10. 1:2. + +10. Win % does not matter. Let’s say your risk reward is 1:2. You make 100 trades where you make $2 on each win & lose $1 on each one because of your 1:2 risk reward. You win 40 trades but lose 60. Your win % is 40% but do the math. On the 40 won trades you made $80 (40*2) total & lost $60 (60*1) total. You made $20 total despite having a 40% win rate. Now imagine 1:3 risk reward. Same scenario but worse win %. Your win % here on 100 trades is just 30%. With 30 won trades you made $90 & lost $70 total on your losses. You are still profitable. + +I made this during my lunch so I apologize for any grammar mistakes or rushed explanations. +https://www.marketwatch.com/story/jp-morgan-joins-the-list-of-wall-street-banks-calling-for-the-demise-of-6040-portfolio-despite-its-success-this-year-2020-07-01 + +I never understood why young people would ever choose this. You shouldn’t worry about short term volatility. Invest in the highest expected return instruments. + +Reducing short term volatility also kills expected returns in the long run. + +Short term volatility is a result of emotions. + +Edit: if anyone is interested in more check out behavioral portfolio management by c Thomas Howard +“He had hoped he and his wife, his mother-in-law, roommate and four pets would be among them. But leaving would have required money for gas and a hotel room — something they didn't have. +Out of desperation, Owens went to ACE Cash Express on Saturday and submitted documents for a payday loan. He was denied, after being told he didn’t have enough credit history.” [(link)](https://abcnews.go.com/US/wireStory/afford-leave-cash-gas-flee-ida-79711285) + +Was glad to see a major news source talking about this. Also everyone should read [this](https://www.reddit.com/r/povertyfinance/comments/pd925y/after_what_happened_during_hurricane_katrina_why/) Poverty Finance post from yesterday. + +EDIT: Sorry, the source is actually the AP, just posted on ABC News website. +# Let me introduce you to a new promising project. + +&#x200B; + +**Venusia** is a 2 weeks old Token with huge plans for the future. They are about to revolutionize the model NFT market! + +They have just started big marketing and cooperating with more and more influencers. + +The NFT auctions on their site just started and the first NFTs are having some super nice bonus rewards like weekly airdrops and exclusive videos of the models dedicated to the winner. + +You can buy and trade the NFTs directly on the platform by using $VENUS or fiat. + +**Venusia** have already signed dozens of models (which 4 of them is top 1% on Onlyfans) and recently partnered up with Mark Schechter, a manager of more than 100 pornstars (check atmla.com) . + +With our VENUS Token its possible to purchase the NFTs on Venusia.io . You can buy VENUS at Pancakeswap V2 and in the future its our goal to get listed on the major exchanges! + +&#x200B; + +**Tokenomics:** + +Contract: 0x5a7b0a4aa05178e562dfa8e7f1e9eba8c124b945 + +\- 5% Tax on each transaction outside of the Platform + +\- 3% get redistributed to current holders in proportion to their holdings + +\- 2% gets burned forever + +The token also is an internal currency to unlock premium features to both models and buyers, over which 100% is distributed to holders. + +✅✅Liquidity is Locked (proved via DxSale) + +✅✅2 Burns already + +&#x200B; + + **Charts:** + +\- DexGuru: ([https://dex.guru/token/0x5a7b0a4aa05178e562dfa8e7f1e9eba8c124b945-bsc](https://dex.guru/token/0x5a7b0a4aa05178e562dfa8e7f1e9eba8c124b945-bsc)) + +Important Links: + +\- Website: ([https://www.venusia.io/](https://www.venusia.io/)) + +\- Telegram: ([https://t.me/venusia\_io](https://t.me/venusia_io)) + +\- Twitter: ([https://twitter.com/VenusiaOfficial](https://twitter.com/VenusiaOfficial)) + +\- Discord: ([https://discord.gg/5NNfVUPq2h](https://discord.gg/5NNfVUPq2h)) + +&#x200B; + +# If you are as excited as I am, just have a look on there SocialMedia. There is always one of the team-members online and ready to chat with you about more detailed information. +💎🤲Future Hodl💎🤲 + +&#x200B; + +You guys all saw what happened with ElonGate... If you need a reminder, it started as a Elon twitter post and it did more than 1000x. Now what happens when there's a new Elon tweet? Need I explain? Probably not. cough\* x1000 cough\* + +&#x200B; + +Elon Tweet: [https://twitter.com/elonmusk/status/1385879790381641728](https://twitter.com/elonmusk/status/1385879790381641728) + +&#x200B; + +Let's not forget that Elongate's hard cap was 200BNB. Future Hodl's Hard Cap was 75BNB. Selling out within seconds. What does this mean for you? It literally means it is x3+ easier to pump $FTHD token price than it would have been for $Elongate. cough\* x1000 cough\* cough\* first in first serve. and guess what. you're damn early. + +&#x200B; + +&#x200B; + +Basic Summary + +&#x200B; + +FTHD is an RFI fork with 12% of each transaction reflected to existing token holders. Sellers rekt, diamond hands win. + +&#x200B; + +🌟TOKENOMICS🌟 + +&#x200B; + +💎Maximum Supply - 1,000,000,000,000 + +💎Presale - 273,750,000,000 + +💎Pancakeswap Liquidity - 219,000,000,000 + +💎Dev - 1,775,000,000 (0.17%) + +&#x200B; + +🔥🔥🔥 50% of supply burned before presale started + +&#x200B; + +✔️ Token Address: [https://bscscan.com/address/0x7dFC53BDC9Fd8995DF1b1C8A50e564A49AB658eC](https://bscscan.com/address/0x7dFC53BDC9Fd8995DF1b1C8A50e564A49AB658eC) + +&#x200B; + +🥞 Pancake Link: (Slippage 13-15)[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x7dFC53BDC9Fd8995DF1b1C8A50e564A49AB658eC](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x7dFC53BDC9Fd8995DF1b1C8A50e564A49AB658eC) + +&#x200B; + +📈 Chart: [https://poocoin.app/tokens/0x7dFC53BDC9Fd8995DF1b1C8A50e564A49AB658eC](https://poocoin.app/tokens/0x7dFC53BDC9Fd8995DF1b1C8A50e564A49AB658eC) + +&#x200B; + +✉️ Telegram: [https://t.me/FutureHodlbsc](https://t.me/FutureHodlbsc) + +&#x200B; + +🌐 Website: TBD + +&#x200B; + +Twitter ([https://twitter.com/elonmusk/status/1385879790381641728](https://twitter.com/elonmusk/status/1385879790381641728)) + +Elon Musk + +What does the future hodl? +I don’t want to name the specific investment firms I worked for. But it was 2, one for 2 years and another for 3 years. Before starting st the investment firms I worked at the branch level of the banks investment firms. +For example the bank is called TD Canada Trust, and then investment side of is TD Waterhouse. All the Canadian banks have this (TD is just an example to help understand how this works with every bank) + +I worked at what’s called a Sales Assistant for an Investment Advisor. I had to pass the CSC and CPH exams to get licensed to place trades, but to give investment advice I needed another course. That’s what the IA’s have on top of the CSC and CPH. Still with my license my IA told me what to buy for which client and I made a % of whatever my IA made in fees. Sometimes the client just called and said buy me 200 shares of Apple or some stock without getting any advice, but the advisor still got his commission....think about that. But that’s nothing, what Insaw gets worse. + +At the branch level you can buy GICs and some mutual funds (usually only funds from your bank) once you reach a certain amount invested you are referred to the banks investment group. The goal is to then sell the client into using an Investment Advisor (IA). And they have a whole system of training and rewards set up to get clients to use the IA services. It’s often based on making you feel like you have reached a higher social class and now have access to Investments more sophisticated than the average branch level investor can afford. +And within that investment firm there is different tiers depending on how much you have to invest. He threshold to get referred was quite low, but people with 100k or above could get moved up to the more prestigious “advice tier” (I’m changing the exact names and amounts intentionally, but they are close enough to get the idea) + +Above $300k was another tier called “Private Advice Investing” and above $600k was the highest called “Summit private Investment Advice”. The IAs in different tiers want to keep clients, so if someone’s portfolio did well and went from $400k to above $600k the IA in Summit investing wanted that client. Imagine the conflicts this caused. Even branch level investors below the minimum were being tried to get snatched up from branch level by IAs at the lowest levels in the investment firm. + +Now all this time, a client can use the banks online investing platform and do it themselves with ETFs or $9.99 trading fees. +I saw IAs getting a commission of over $200 per buy and per sell. Plus mutual funds paid trailers to the IA and fund company. And the statements are written in such an incredibly complicated and misleading way that many clients never know. The client trusts the IAnto practice fiduciary duty. And some IAs are good....Some ARE GOOD, but I saw really bad stuff, especially in 2008-9 when things got bad and IAs started to get greedy because IAs were being let go, so they didn’t feel secure in their job....so take as much as you can was the name of the game. + +Churning, is making unnecessary trades in account just for commissions. They did this by selling a fund say a Manulife fund and buying nearly the exact same product but by AIG or Fidelity or something that appears as a change. + +The fund companies have sales people who were always taking the IAs out for dinner, lunch, or weekend retreats and golfing all paid for to just hear the pitch to push their companies fund. This happened all the time, and made me think of how a doctor must have pharmaceutical representatives doing the same thing for the doctor to push some new medication. + +I remember asking my IA about it and he explained it’s like a date where they pay for dinner and the IA decides if they will “put out “ or not. + +Many funds have a no load version. Always always always ask for the no load version. Even if the fund goes down the IA still gets paid and they are great at making it seem like the load fee gets you a better fund, it does not. + +I want to write more but I don’t want to ruffle too many feathers. + +Most investing can be done yourself or at the branch level and online yourself. Going to the investment firms for advice means dealing with salesmen. I swear the things I saw were sad, and if they knew you didn’t read the statement it was worse, always read the statement and ask about it so they know your someone who reads the statement. + +One of the first things that give it away is this...There is a special document you sign with them called a New Account Application Form or (NAAF) this has the % ranges you want to have in high risk, medium risk, and low risk. HERE IS THE THING, did you get your copy of that form? Many people never get a copy of the most important document of all. The sheet is 3 layers think with carbon paper so there’s 3 copies of it, one of those copies is for you, it’s important. Ask your IA to photocopy you one or the original client copy if he still has it. Usually they yellow client copy is still attached to the white and pink copy and it’s in your file. You want this, it’s a legal document that states what you agreed to. + +Happy investing friends. And yes there are lots of good Advisors out there + + + +Someone at the branch is rewarded with (points or some incentive) to refer you to the investment firm. Most new +I treat it like a video game where I want to get a high score. However, I want the *greatest probability* of getting that high score, so capital intensive businesses like startups or real estate don't work for me, all VTI baby. + +By "numbers" I don't mean it's fun to see *any* random numbers go up, I mean it's specifically exciting to see your net worth go up every day. Of course I'm going to spend the money I will make eventually. + +I don't really hate working, I like my job and career a lot; the fun is just in optimizing the system for my benefit, as doing this is interesting in and of itself to me as a programmer. Does anyone else feel the same way? +I love this place, and these people for pouring through children’s books looking for glyphs and runes and glory and such (it is right at our collective reading level too which is nice) but i have yet to see anyone here mention how sweet and how heartbreaking it is that ryan created a series in which his dad gets to hang out with his grandkids; a simple dream that sadly can never be. How sentimental and deeply emotional a person does one have to be to pull some shit like that. It’s only been three years since ryan lost his dad, who clearly meant the world to him. I know everyone deals with grief in different ways, but pivoting almost immediately and going to war with the most powerful people on the planet is just about the the baddest fucking thing anyone could ever do considering the circumstances. He always looked to his dad for wisdom and for the role of mentor to be empty, along with the role of lifelong friend, and for ryan to still have the massive fucking balls to undertake this endeavor that we’ve all chosen to be a part of despite the loss and the pain and all that.. it’s nothing short of incredible. + +I’m looking forward to moass as much as anyone, but this beautiful gesture from our chairman is probably the most poetic and telling chapter of this wacky simulated saga. + +Also, y’all remember when the melters started posting photos of ted as a joke? Fuck those people. Fuck the “elite” for branding us as “apes.” Fuck the parasitic wealth-siphoning machine. Fuck the people who write hit pieces that exploit a man’s death (rip gustavo) in a disgraceful attempt to drag ryan’s name through the mud. Fuck anyone and everyone who would embrace deception over truth, just to get ahead of their fellow man, leaving him to scrape and claw through the dust for scraps of the hoard they’ve stolen. Fuck you pay me get rekt hedgies + +Edit: I’ve finally been reported as suicidal! It’s a true honor + +Edit2.0: before anyone else feels the need to tell me that we collectively chose to identify as apes, fine. Call yourself whatever you want. But be conscious of the fact that MSM chose to run with that term, but would never repeat the three letters that matter. DRS mfk +What would be my best option for investing? After debts outside of current mortgage I will have $100k left over. With current debts I have 9k car loan I am thinking of paying off. Where should I put my money cd, mutual fund or something else? Any advice would be appreciated. +Hello isnisse here. + +Today is saw [this post](https://www.reddit.com/r/Superstonk/comments/mv3dvk/the_hedgies_are_so_scared_they_are_having_1_day/?utm_source=share&utm_medium=web2x&context=3) by u/syntax + +A shill tried to convince us that the share price 5000 is a good sale. Its actually a good thing, because now we have confirmation on the MOASS. That means its only a matter of time before all hell break lose and we will get our flaming hot tendies + +But the person could be a troll, we cant know for sure. + +&#x200B; + +[Here is the shill post](https://preview.redd.it/oa8tic6bnhu61.png?width=906&format=png&auto=webp&s=38143922a48b873578bd2e31d0dfecbd477136ae) + +[Here is the user. less than one day old, and minus 49 karma.](https://preview.redd.it/8kyr6zs9nhu61.png?width=612&format=png&auto=webp&s=e20f9d2956f49871e8c160286bbde00fcdb2482a) + +I made the post ["Why GME in theory could reach 1,686,894 USD within a week when MOASS begins"](https://www.reddit.com/r/GME/comments/mjhirw/why_gme_in_theory_could_reach_1686894_usd_within/?utm_source=share&utm_medium=web2x&context=3) a few weeks back, it exsplains how long it would take the price of GME to reach X hights. My post exsplains the nature of tradeinghalts regarding the MOASS, and how tradeing halts is shapeing the stock. + +A trading halt occurs when a stock shows high velocity in an extended amount of time. It varies from 5 minutes to 10 minutes respectively, when a stock increase or decrease more than 10% in less than 5 minuttes. + +A US trade day begins from 9:30 AM to 4:00 PM EST, as we know. That is 390 minutes. + +**Important note:** im not taking premarket into account. If i did the numbers would be Even greater. + +It's a repeating process. 5 minuttes tradeing, and 5 to 10 minuttes tradehalts. so about 31,2 tradehalts during a regular trade day, not takeing premarket into account. 390/12,5 = 31,2) + +Why the value 12,5? 12,5 is the repeating process of 5 minuttes trandeing + 7,5 minuttes of halts (7,5 is between 5 to 10 minuttes) + +Let's say we take a conservative estimation and say its 25 halts in a day. + +Why 25? because following can happend: + +* some will sell +* ladder attacks +* glitches +* huge volosity +* tradeing halts on downticks + +Now is the time to bring you Vietnam flashbacks to the good ol’ school days when we had exponential functions… + +the X-axis is each time a trade halts. So 1x = 1 halt. Let's go back and say one regular trade day is 25 halts. We now have a timeframe to work with. + +The Y-axis is the value of GME in USD + +Formula: + +[The formula i'm using is this one:](https://preview.redd.it/54sbuqn8y0r61.png?width=110&format=png&auto=webp&s=8191defc5e8a50ba255c2a240566cc0303dacca9) + +**A** is the current price of GME, let's say right now it's 200 USD. + +**B** is the rate that the price goes up. A is 1,075 because its the time of a halt between 5 to 10 minuttes. + +the equations is: f(x) = 200\*1.075\^x + +Here is the Picture on how it could turn out: + +&#x200B; + +[Can you spot the diffriend between day 2 and day 6 Ken?? i Can!](https://preview.redd.it/hrxxgentohu61.png?width=1048&format=png&auto=webp&s=46cc74d785ce6d92231fc7fdbdb3a9e091377373) + +Its all eksponentiel + +So what's **N**? **N** is the price of **1,686,894 USD** on day 5 when GME moons respectively. + +Here is some keyfigures on how high it could go, when MOASS happens: + +Day 1: **1,219 USD** + +Day 2: **7,437 USD** + +Day 3: **45,359 USD** + +... + +Day 10: **24,000,000,000 USD. (!!!)** + +**Shills wants you to sell on day 1 or 2.** You could miss 45,359 the next day and even more the next day and so on. + +The next big thing is that some shills wants us to belive that we should sell on day 4, and try to say "100,000$ iS tHE rEAL fLOor U gUysss!"" + +dont fall for it. It can reach 100,000 and beyond. + +I think it would take atleast a week for them to cover, but im not sure. If anyone could confirm the days to cover i would appriciate it! + +Edit: I want to repeat that there are alot of factors to take into account. This calculation is simply just a theory because there is no way that i can know for sure how it would turn out. I beg you to do your own research, and take this estimation with a big grain of salt. I simply want to share my idea, its up to you to agree or not. I can see alot of factors that could shape the stock otherwise. My point is that 10mil is not a unrealistic goal in my opinion, and shills trying to say 5000 is a good price is simply wrong. + +🚀🚀🚀 +Hello, + +We recently purchased a house and we are in the process of getting life insurance. I have tried many insurance providers and every time they just accept myself and not my partner due to her BMI. I have tried around 15 or so companies now but just no luck. We are 23 and 24 and looking for around £230000 worth of cover for 30 years. + +Does anyone know any insurance providers who are a bit more relaxed on the BMI requirement to use whilst we both hit the gym? + +Thank you +I just met with a mortgage officer who helped me close on a non-owner occupied loan last week. With that loan we were able to get a 3.25% rate, which was pretty decent. In discussing the next loan, she mentioned that due to new Fanny/Freddy regulations on non-owner occupied homes, rates for these loans are now 4.5%-5% best case scenario right now...nationally. + +Is anyone else seeing this type of situation or are people still scoring low 3s? +I’ve been trying to make my own models by following along with YouTube videos, but I always get lost or confused. I start college this fall and I will be taking business administration. I’m wondering if there is a class in college that teaches you how to make a DCF model. How did you guys become efficient at it and who taught you? +What do you think will be the top 5 companies by market cap in 10 years? +And roughly what do think their market cap will be? + +As of Mar 31 (in Billion USD) + +Apple Inc. 2,050,000 +Microsoft 1,778,000 +Amazon.com 1,558,000 +Alphabet Inc. 1,395,000 +Facebook, Inc. 838,720 +Tencent 766,970 +Tesla, Inc. 641,110 +Alibaba Group 615,010 +TSMC 613,410 +Berkshire Hathaway 590,050 +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 3: + +**Company name:** Gale Pacific + +**Ticker:** GAP + +**Industry:** Manufacturing + +**Headquarters:** Melbourne + +**Market cap:** $94m + +**Current share price:** $0.62 + +**P/E ratio:** 8 + +**1-year Performance:** \+126.67% + +**What they do, smoothbrain version:** provide boomers with shade sails and cancer protection they can use to cover their unnecessarily big pools + +**What they say they do, wanky version:** *"Our vision is to be the leading provider of innovative and practical products that protect and enhance the environments and lifestyles of our customers."* 🍆👋 + +**What they do, actual version:** You're *possibly* more likely to know Gale Pacific by their retail brand Coolaroo ([https://www.coolaroo.com/](https://www.coolaroo.com/) free advertising, fuck you, pay me GAP) I assume particularly if you're over 50 years old, which specialises in the manufacturing and installation of shade sails, cloths, blinds, umbrellas and other shad-y dealings. + +These come in such innovative product names as "rectangle", "triangle" and their latest release "square" (tm), with their main selling point being a high grade level (95%+) of UV protection. Their commercial arm is also a significant generator of revenue, in which their focus is mainly supplying protective fabric and knitted shadecloth to the agricultural industries, e.g to protect grain from excess sun damage etc. + +Their materials are also claimed to be highly fire-retardant, which I only included in here because it contains the word "retard" and, well... look where I'm posting. + +The company is based in Melbourne, but has global operations, with manufacturing & offices in the USA as a major market in particular but also NZ, Europe & the Middle East having smaller pieces of the shade-draped pie. + +**What looks good:** + +* Their most recent financial update saw a massive increase in revenue and earnings figures, with revenue up 70% over the previous year, and profits after tax up a ridiculous 330% on the back mainly of big jumps in sales in Australia & the USA. + +* They make a specific note of saying that these numbers were achieved *without* receiving any JobKeeper payments + +* The general theory here goes, if you believe "consistently hotter weather = more shade required", and "more shade required = more $$ for these guys". In essence, investing here is sort of a hedge on investing in weather, and perhaps global warming in general. + +* Their jump in retail US sales came on the back of partnerships with a bunch of major retailers including Amazon, Home Depot, WalMart etc. giving them some pretty soid distribution. Here in Aus, Bunnings is their major retail point of sale. + +* Healthy ratio of equity to debt; they've made a solid effort to pay down a large chunk of recent debt and now have nothing major to be concerned about. + +* They're working on expanding their product range, and have launched a range of blinds to try and capture more of the "interior" and not just "exterior" home improvement markets. + +* They pay a small-ish dividend for a few extra coins, if you're into that. + +* They'll probably see strong figures for their end of FY report coming up, which means if you're willing to hold on for a few months you may see a spike in the share price. + +**What doesn't look good:** + +* This recent massive revenue spike reeks of a "Covid-19 Home Improvement Boom" anomaly, in which people who couldn't travel or spend money elsewhere decided to add a shitload of extra shade sails to their home instead +* They make a specific note of saying that this was their "first positive first-half cashflow result since 2015"... while this is likely because their bulk of projects happen in the hotter Aussie seasons later in the year and the increased US activity helped balance it out, it's still not something I'd be wearing as a "badge of honour" personally... +* Their commercial sales go hand in hand with the size of the grain harvest season in each country, and are thus subject to seasonality and other things outside of their direct control. +* They attempted to bandwagon and launch a line of re-usable face masks called GALE GUARD which apparently flopped massively, wiping off a potential $2+ million in extra profit. +* Has been some insider buying in the past, but not for around 6 months. Also some recent activity by one executive member to shift his holdings around that looks a bit dodge. +* Their CEO is only new-ish; this may be a good or bad thing given their repeatedly mentioned aim to branch out more into e-commerce, look at additional supply chains, etc. + +**Overall rating (strong buy/buy/hold/avoid):** this one looks like a company whose stats were wildly inflated by global events that combined for a "perfect storm" of people blowing extra cash on home improvement. While it has solid fundamentals, it's doubtful such a major period-on-period increase is likely to occur again as the world starts to recover and look to spend cash elsewhere beyond the home. + +I would say HOLD if you already have it, until FY results approach. + +MarketIndex page: [https://www.marketindex.com.au/asx/gap](https://www.marketindex.com.au/asx/gap) + +Feel free to add more DD/comments below. + +Would you buy this stonk? Why or why not? Feel free to vote in the poll. + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) +[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/m3tllz) +Hi all, +I read all the time about inflation in the US, about what the Fed will do, rate hikes, etc. + +Now, since most of my holdings will be impacted by that (one way or another), I find useful to keep up with the news, but I see very little being discussed about the situation of inflation in EU and what the BCE would like to do. This is of course due the fact that lots of financial media focus on the most important market, but since I am resident in EU (Germany) I would be interested in getting quality information about it. + +So far, the info I collected was a bit confusing with south European countries growing the most, etc. Do you know good summaries written by competent analysts that can help me to i) understand better the situation; ii) have an intuition about how things can go in the next years and iii) help me prioritize investment opportunities. + +Thanks! +The full book title is Fables of Fortune: What Rich People Have that You Don't Want. I'm honestly shocked that this book has been out for nearly a decade and it has almost zero internet presence. How is this? For those curious, here's a quick summary: + +The lives of the rich and wealthy (the book mainly focuses on massive networths in the 10s of millions) are often idealized as perfect as people assume they can solve all of their problems with money and live stress-free lives. But this couldn't be further from the truth. The wealth causes entitlement from their children and some family members, creates barriers that make it difficult for them to want to connect and form authentic relationships with people of "lower social classes", and removes a lot of the meaning from life as they chase after validation and respect from the items they buy hoping people see them and respect them more solely based off of how expensive their possessions are. The book unveils the curtain to show how this type of life can be incredibly lonely and empty at times, and some of these folks would probably kill to have a simple life back but the current lifestyle they're adjusted to makes it seem impossible to go back. Lifestyle inflation at its finest. This phenomenon is also known as the golden handcuffs, where your high paying job is making you miserable but your lifestyle expenses, such as the mortgages on your houses and cars you have financed, are way too expensive for you to be able to downsize your job without incredible consequences. + +It really opened my eyes to how much a lot of us can't wait to buy a bigger house and a nicer car hoping that the higher the price tag, the more happiness it will probably deliver when it couldn't be further from the truth. At the end of the day you just get adjusted to these items and want more. It encourages searching for richness in other parts of your life, such as enriching family relationships and friendships to form stronger bonds and have more people you can enjoy life with. It also largely encourages chasing financial security over an inflated lifestyle which is a massive theme of this subreddit and one of the reasons I'm shocked it hasn't made the rounds here. + +Allow me to clarify, this book isn't saying money in itself is bad. It encourages people to get to a point where they no longer have to worry about food and shelter. Where they can take care of life emergencies as they pop up and provide for their children. But it recommends that once you find that "enough" point, you don't jump off into the deep end of wealth endlessly chasing bigger and more expensive items because it's the only thing you believe can fulfill you. Because you'll just end up empty inside and stuck chasing the temporary high of these luxury items. + +Would love to hear you guys' thoughts on its message and from anyone who has read the book. If you haven't read it, I highly recommend you do. It's an amazing book to provide you motivation on why not to spend all of your energy chasing luxury after most of your basic needs have been met, and encourages you to instead divert that energy into other places where it matters. + +Edit: I forgot to mention, the author of this book is a lawyer who works with a lot of wealthy folks. When I say wealthy, I mean the 10s to 100s of Millions types of folks, not just the single digit millionaires. This is how he has so much insight, and he gives plenty of examples to back up his claims. He's not just pulling shit out of his ass. +He’s a banana eater now. He might as well be grooming Ryan fucking Cohen. +To me this is so bullish it makes my wife’s boyfriend’s dick diamond hard. This person who worked for citadel, who has seen how the market works, is privy to the fuckery... is wrinkle brained as fuck. He goes full ape and takes a position ! Worth noting that his last involvement just days before was taking a hard look at the CTA reset and millions in after hour volume. It’s the DD that matters to me most not any individual besides my son, Ryan C roaring kitty Keith Jr. But needless to say I’m fucking JACKED. See you in space 🚀🚀🚀🙌💎🦍 + +EDIT: here’s his post saying he bought +https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I’m having a hard time finding a down side to just owning 1-200 shares of like 5-7 High div stocks and selling weekly-monthly calls slightly OTM against them for income. I see people talking about the downsides of owning stocks to sell cc’s against ie the stock, and therefore premiums plummeting, but there are some blue chips that we know for sure aren’t going anywhere that I feel like would be safe bets to hold long term to sell cc’s against and reinvesting into to keep buying more shares of ad nauseum. Can someone poke some holes in this strategy for me? +So, we all knew today was going to be a battle for the $180 point because of the options expiry on this date. Lo and behold, right before we got to the $180 marker at 1:30, we got pushed down pretty intensely. + +Now, we had seen a few weeks back a bunch of negative trades at settlement in after hours at 4:15, and then suddenly that stopped. But when the trade volume was exceptionally low, we kept seeing trades disappearing from minute to minute. So if there's a large red candle, and you refresh your stonk tracker du jour, that total is always reduced, as though the trades are counting towards the price movement LIVE, and then they disappear, never to be settled. + +I don't know how often this happens with other stock, but I've been waiting for a good window of price crush to analyze this, and here are my findings: + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|1:30|14038|7505|6533|46.5379684| +|1:31|15968|10817|5151|32.2582665| +|1:32|15718|9173|6545|41.6401578| +|1:33|13881|9107|4774|34.3923348| +|1:34|13592|8883|4709|34.6453796| +|1:35|12204|8380|3824|31.3339889| +|1:36|9101|6341|2760|30.3263378| +|1:37|5228|2576|2652|50.7268554| +|1:38|7000|3850|3150|45.0| +|1:39|11962|7834|4128|34.5092794| +|**Total for window**|**118692**|**74466**|**44226**|**37.2611465**| + +Now, I'm not that wrinkly. But a reduction of 37% of shares traded feels like an awful lot over a ten minute window, especially because the price got pushed down from $179.01 to $176.81 in that time. Someone please take this information and explain to me the following: + +1) Is this abnormal for other stocks? + +2) Does this sort of trade erasure happen throughout all points of the day, regardless of price movement? and + +3) If it does, is the percentage outside the bounds of normalcy? + +Also, I have comparative screenshots before and after I refreshed, if anyone wants them (can't figure out how to insert them into a text post (using old.reddit). + + +**Edit:** formatting. + + +**Edit 2:** If someone knows a lot about the details of how a trade is recorded and settled, that might go a long way to understanding how someone might execute trades on a market, and then never settle them. And if we can figure that out, we can figure out how they might be continuing to control price movement without generating additional failures to deliver, that they eventually need to deal with. It's just kicking the can down the road (so buy and hodl is still the only move) but if we can make this manipulation visible enough, then the DTC/SEC etc. might make some more rules to cover their own asses. + + +**Edit 3:** There's another one happening right now, just after 3pm. If anyone has their tracker open and wants to make a table to collect the trades per candle, then refresh and confirm, I'd be grateful. + + +**Edit 4:** Ok, so here's a longer table for the drop at about 3pm, started a couple minutes before, and then continued a few minutes after the drop. Oddly, the first minute of my comparison (2:58) goes UP by 488 trades, not sure what's going on there. But the rest of this window (despite significantly lesser trade volume per minute) also lost over a third of its trades to thin air, 33.7% + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|*2:58*|*1086*|*1574*|*-488*|*-44.9355433*| +|2:59|10680|6620|4060|38.0149813| +|3:00|8877|6147|2730|30.753633| +|3:01|7638|5463|2175|28.4760408| +|3:02|4040|2276|1764|43.6633663| +|3:03|1123|300|823|73.2858415| +|3:04|5742|3469|2273|39.5855103| +|3:05|14137|9413|4724|33.4158591| +|3:06|6941|3421|3520|50.7131537| +|3:07|1400|400|1000|71.4285714| +|3:08|10122|7009|3113|30.7547915| +|3:09|19993|15334|4659|23.3031561| +|3:10|17033|12622|4411|25.8967886| +|3:11|9385|4692|4693|50.0053277| +|3:12|5745|3967|1778|30.948651| +|3:13|3793|1959|1834|48.3522278| +|**Total for window**|**127735**|**84666**|**43069**|**33.7174619**| + + +**Edit 5:** I will stop adding these edits now, but someone messaged me suggesting I clarify my system/app. I'm using Fidelity's Active Trader Pro, my system is very stone age... watch for dip that in my mind appears artificial, note the time and trades on the candle for each minute of sample, then refresh GME by going to another stock and coming back, then do the same for the same window. Subtract second column from first column to get third column, then divide third column by first column. + + +**Edit 6:** Ok, I did one more, the last twenty minutes of the day, as that's when a large push of trades come in: + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|3:40|5393|3021|2372|43.9829408| +|3:41|3660|1400|2260|61.7486339| +|3:42|4256|1969|2287|53.7359023| +|3:43|14540|10569|3971|27.3108666| +|3:44|3112|2276|836|26.8637532| +|3:45|7986|4525|3461|43.3383421| +|3:46|10259|5583|4676|45.5794912| +|3:47|7403|3020|4383|59.2057274| +|3:48|13216|9047|4169|31.5450969| +|3:49|4994|2737|2257|45.1942331| +|3:50|12788|6109|6679|52.2286519| +|3:51|6643|5711|932|14.0298058| +|3:52|10461|6547|3914|37.4151611| +|3:53|8715|5028|3687|42.3063683| +|3:54|20718|13574|7144|34.4820929| +|3:55|14052|7064|6988|49.7295759| +|3:56|22864|14152|8712|38.1035689| +|3:57|15971|9353|6618|41.4376057| +|3:58|18372|9805|8567|46.6307424| +|3:59|24747|15651|9096|36.7559704| +|4:00 (3:59:59)|33340|23234|10106|30.3119376| +|**Total for window**|**263490**|**160375**|**103115**|**39.1343125**| + + +**Edit 7:** Some formatting and grammatical corrections. + + +**Edit 8:** I'm a moron and my tables were formatted at the wrong decimal place... corrected. Thanks u/bryanthecrab +Don't get me wrong, I'm a slut for some altcoins. There's some that I am very excited about and could see or are doing great things. + +But there's one big problem with each of these altcoins: you can't fully trust them anymore. Stuff like the recent crypto dot com ordeal, SOL, and the constant rugpulls. It's becoming more clear that you can't trust a project. There is always the thought in the back of my mind now that the developers could one day pull a CDC and just fuck over their investors. Neglect the attention ot to cover all their bases. Or just say fuck it and dip out. + +The only project I seem to fully trust is Bitcoin now. I'm not worried about the developers deciding, "oh, we're actually going to make the max supply 100m now instead of 21m." Everything is set. It's all Gucci. + +Will I only invest in BTC now? Heck nah. I'll still keep my eyes peeled and sink some beer money into alts. But now I will be extra, extra careful. Chasing gains is over. I'm only interested in things I can trust for now on. CDC taught me a lesson. So thanks for that, I guess. + +Edit: also meant to including ETH being pretty tight. I'm dumb and forgot to include it. +I am the owner of a small business that is doing fairly well - this year I'm looking at around 550k of profit and next year I hope to double it to around 1 million USD. I'm in a sector where I doubt I will ever get it to a point that I'll be able to sell the business for millions or the gravy train will run for decades. I anticipate that over the next 5 years, I will make around one million to two million dollars every year. I am almost like a one woman show with seasonal/part-time employees and employees on contracts that are paid (I don't add this into profit of course). + +I am worried that at my age what will I do to turn that cash into longer term investments and diversify, in the case that my business shuts down in my thirties. What would you do if you were in my shoes? + +Should I get into real estate? +I’m privileged to have grown up in a very wealthy part of the U.S. + +It seems like most of the rich people I know do not invest in low cost index funds, provided by institutions like Vanguard. They instead have private managers who do an array of different municipal bond investing or they hire private managers at JP Morgan/Morgan Stanley. + +Will some Fat Fire people put some perspective on this, and explain why the Uber wealthy don’t just keep it simple and low cost? +>It has been a [messy week for the stock market](https://www.cnn.com/2020/10/28/business/dow-stock-market-today/index.html). With only [four days to go until Election Day](https://www.cnn.com/2020/10/30/politics/what-matters-october-29/index.html), rising [Covid-19 infections](https://www.cnn.com/world/live-news/coronavirus-pandemic-10-30-20-intl/index.html) and uncertainty about further government stimulus to help the economy, there's plenty for investors to worry about. +> +>Stocks had their worst week since March, when the market tumbled under the first wave of coronavirus infections and lockdowns -- and one of their worst weeks of the year as a whole.All three major indexes also recorded the second straight month of losses.The Dow ([INDU](https://money.cnn.com/data/markets/dow/?source=story_quote_link)) fell 6.5% on the week while the S&P 500 ([SPX](https://money.cnn.com/data/markets/sandp/?source=story_quote_link)), the broadest measure of Wall Street, dropped 5.6%. Though we're not back in lockdown mode yet, some European [countries have tightened restrictions again](https://www.cnn.com/2020/10/29/europe/europe-coronavirus-local-national-lockdown-intl/index.html) to combat a second wave.The Dow closed down 0.6%, or 158 points, on Friday. It was also its worst month of the year since March.The S&P ended the day 1.2% lower.But the tech-heavy Nasdaq Composite ([COMP](https://money.cnn.com/data/markets/nasdaq/?source=story_quote_link)) fared the worst on Friday, as [tech stocks got clobbered](http://www.cnn.com/2020/10/30/investing/premarket-stocks-trading/index.html). Shares of Twitter, for example, closed [down more than 20%](https://www.cnn.com/2020/10/29/tech/twitter-earnings/index.html), following the company's earnings Thursday. Apple ([AAPL](https://money.cnn.com/quote/quote.html?symb=AAPL&source=story_quote_link)) and Amazon ([AMZN](https://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link)) [shares also tumbled](https://www.cnn.com/2020/10/29/tech/apple-fourth-quarter-earnings/index.html) after their[ earnings reports](https://www.cnn.com/2020/10/29/business/amazon-earnings/index.html).The Nasdaq finished down 2.5% on Friday, for a drop of 5.5% on the week. + +&#x200B; + +[https://www.cnn.com/2020/10/30/investing/dow-stock-market-today/index.html](https://www.cnn.com/2020/10/30/investing/dow-stock-market-today/index.html) +So my girlfriend has been on and off listening to me jabber about Gamestop since January. The other day, all of a sudden she asked me: ‘are you convinced this will blow up?’ + +After answering yes, she -genuinly interested- asked me about my position, cost basis etc. I always told her I had just 3 shares, and did not tell her I’m actually a XX holder after averaging up all spring. I did that as I aimed to surprise her with my much bigger position once this thing blows up. 🚀 + +I asked her why the sudden interest in this ape-fest/conspiracy i have been rambling about for months now, she answered: + +“If you are getting rich out of this, I want to be rich together. I don’t want to leach of your earnings and willing to lose together if it does not take off. So I want to match your position, can you help me buy in?” + +I then had to confess that I owned slightly more than I had told her at first. She did not flinch, and immediately ponied up some cash to match my position. We now have our buy orders set for the next dip. + +I know she is the absolute best. I ought to get her a nice ring 💍 once this thing moons. But for now we’re equal partners in this adventure aiming for the moon. Like donkey kong and his Princes 🦍 👸 trying to beat the final boss. + +TL:DR: long story short: my girlfriend gave me the go ahead to double down and paid for it. +Last year I made a huge mistake, and I can’t get over it. It’s really impacting my mental health. I feel like such a failure and a fool. + +We listed our house for sale just before the pandemic. We didn’t need to sell, we were renting interstate and could have continued to rent it out. We weren’t under financial pressure. My husband wanted to sell so I just went along with it. We sold for $684K 12 months ago. + +We decided to take our time looking to purchase our next house as we are in a rental right now. Obviously you can see where this has gone... we still haven’t bought a house and prices are rising at what seems like $50K a month in our chosen areas. + +Two houses down that isn’t in as good of a condition, and doesn’t have a pool, sold last week for $890K. Even worse is that NOW we’re moving back and trying to buy again in that same market. + +It’s literally eating me up inside. Why was I so stupid? Why did I let people talk me into doing something that I knew was a huge mistake. + +Please tell me other people have done dumb shit like this. Please tell me I’m not the only one. +Pretty much did it feel like babysitting for the bank? Does your management and repair costs eat up your cash flows? + +Sometimes I question all the money I will put in down payments could have been used for leisure. Ex 5 x 50k I could have travelled the world + +I'm looking at it like having 5 properties all Bringing in 3k to 5k a year cash flow. + +Year's later did your cash flows increase or stay around the same as when you bought it? Ex rents increase but so does your costs so in the end do you make more later? + + +I'm asking those who have multiple properties +I'm sitting on 380k without any properties right now. In 2012-2014 I bought 3 houses in the Sacramento area. I didn't use any indicators. I mostly flew by the seat of my pants but did quite well. + +I'd like to use some data this time. Obviously median price month to month, yoy, and case Schiller are relevant. However, each of those are direct measures and don't necessarily predict what's coming unless you have a preset idea of how low the market will drop, if it does. + +I'm thinking the federal reserve rate or mortgage rates might be a good indicator. Presumably when the federal reserve believes it has let enough air out of the bubble I suppose it will drop rates. The fed targets 2% annual inflation. Maybe if it drops to around 3-4 they will start to drop rates in pursuit of that elusive soft landing. Maybe that's a good time to buy? + +I hold to warren Buffett's axiom buy on bad news. If you wait for good news, I.e., rising home prices, I suppose you missed the bottom. + +My mom had been a real estate agent for 30 years in 2012 when I started buying. She thought I was crazy because all she saw were vacant bank owned properties and prices dropping through the floor. + +If you also are waiting for prices to drop what ideas will you use to decide when the right time is? +Title says it all. Wife and I just paid off our student loans this week (took us 3.5 years) and we’ll be meeting with a financial advisor tomorrow to begin planning more for our future. + +What are some things we should consider and ask our new financial advisor? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Shopify valuation can not be justified any way I see it. Can someone explain their valuation? + +I mean, how can it possibly be worth 90billion at the moment? They have quarterly sale of 470M, with a net loss of 31 million on that 470M. Their last quarter was 505million, with a mere 0.77million in net profit. + +The only possible path to its justification is their growth story. Let's take a look at it, + + +If we extrapolate the 470m of their most recent quarter into annualized revenue of 1.88Billion, **even if we assume 45% annualized compounded revenue growth no matter what for the next 9 years** (which is virtually impossible even in the rosiest of projection given the generation defining iPhone/smartphone era could not maintain that kind of growth for that long), **that would come out to 53billion in annualized sales, currently net margins are NEGATIVE, but they are in growth mode so I'll forgive that but let's assign a very generous 10% net profit (minus all expenses) for this feebased type of service, that's still only 5.3billion in profit, the CURRENT market cap is 90Billion - 17P/E at today's price** + +So to conclude, ***IF* shopify can somehow maintain 45% annualized compounded growth no matter what for 9 straight years, which will 28x their current sale volume & be more incredible than the iPhone growth era AND still somehow manage a 10% net profit margin at the end, it'll be valued at 17 P/E of today's market capitalization, in exchange for 9 years of waiting even if perfection is being executed**. I mean that's just messed up, all that low probability risk and the reward of it paying off if such low probability events align is 17P/E if you buy at today's price. WTF? + +If you have the money, will you pay 90billion in cash today for a business that's less than 2 billion in sales(not profit), still losing money, but growing? +So, here we are in the endgame and quite possibly the most horrific curve ball has been thrown. A man has lost his life in tragic and mysterious circumstances and my thoughts are with his loved ones. This is the first thing that needs to be said. + +But now as the mainstream media stories are released we can see the obvious play. They’re gonna try and take out RC with the dirtiest of smear campaigns. This is their game. He’s about to be implicated in the death of BBBY’s CFO by the scum media. They may even get him indicted and sidelined. This is their grand plan. Take RC out of the game by destroying his reputation and hope the apes will all sell and run away. + +I don’t think so! + +The only thing that’ll blow the lid off this now is the absolute inevitability of MOASS. + +Our enemies are terrified. + +Your resolve is absolutely critical now. + +I will now buy GME continuously and DRS it until I’m either broke or a billionaire. We are all individual investors so I’ll never tell you what to do. But to me It’s not even about the money any more. It’s about exposing the foul underbelly of the US stock market and its media scum shills, then laying a biblical level of waste to all of them. + +EDIT: Well this blew up way more than I imagined. Thanks for all the upvotes and awards. I’m by no means a prolific poster, so I’m glad that my late night whisky fuelled musings have struck something of a chord. Hell I’ve even triggered a small army of meltdowners and haters in my DMs. I’m touched. Really. + +PS. I won’t use the word “endgame” again. 😘 +I’m curious, I wanna hear stories from usually sensible or conservative people who took a financial risk and how it went down. +I’m hoping there are some positive stories out there and this isn’t just going to be a depressing thread. + +What was it? + +Did it pay off? + +Would you do it again? + + +I’ll go first. +Myself, husband and another couple had a great idea to start a business together, the business never took off, friendship fell apart and I lost $20k. + +In hindsight I’m glad we bailed out when we did, because we could have just kept sinking money into this thing that might have succeeded until covid came along and destroyed the business anyway. But I miss my friends. + + +I want to emphasise that I’m hoping for usually conservative and sensible people to comment. + +Edit: formatting +I know literally nothing about Heatpumps - so if we grossly simplify and say that the govt provides a £5000 grant no questions ask - what are the overall costs and benefits - given they seem to cost £6000+? +I’m 22, software engineer making 130k a year. I have 100k in student debt (80k parent plus and 20k unsubsidized federal loans). I am living at home so I can repay this as fast as possible. I currently have my 401k set up at 8% of my income, was wondering if in your opinion it would be worth to stop paying into it for like a year and use as much money as possible on loans. +So my ac has been broken a while. The heat has been so unbareable I finally took it in to be fixed. $370 later i had a new blower and transitor. Well, next day same issue that was happening occurred. Now they said, well looks like your cable is bad too, thats another $120. + +I asked for a manager and said, I'm not gonna pay that, you guys are going to fix it for free. About 5 minutes later and two calls and they are fixing it, for free, and sending me a coupon for 20% my next repair. + +Maybe a small win, but never hurts to ask. + +EDIT: RIP Inbox +# Base Breakouts and Base Breakdowns + +Breakouts are probably the most popular trading pattern around due to their simplicity. They are also one of the oldest. What's there not to admire? A stock is directional, goes sideways, and continues in the same direction. It's truly a timeless classic which represents market psychology across many tradeable instruments. + +[Basic concept of the continuation base: push, pause, push](https://i.redd.it/6e3r6yjj0op91.gif) + +A **base**—in layman's terms—is simply when an instrument is stuck in a range. This is also called a **consolidation**. Buyers are unable to pump it higher, and sellers are unable to dump it lower. When price is finally able to breach the ceiling or floor, big things typically happen. + +# Been Around for Over 100 Years (Before Charting was Accessible) + +Don't take my word for it. Here is a passage from *Reminiscences of a Stock Operator*, by Edwin Lefèvre. This book recounts the trials and tribulations of the greatest speculator who ever lived: **Jesse Livermore**. + +>Not so long ago I was with a party of friends. They got to talking wheat. **Some of them were bullish and others bearish**. Finally, they asked me what I thought. Well, I had been studying the market for some time. So, I said: *"If you want to make some money out of wheat I can tell you how to do it."* +> +>They all said they did and I told them, *"If you are sure you wish to make money in wheat just you watch it. Wait. The moment it crosses $1.20 buy it and you will get a nice quick play in it!"* +> +>*"Why not buy it now, at $1.14?" one of the party asked.* +> +>*"Because I don't know yet that it is going up at all."* +> +>*"Then why buy it at $1.20? It seems a mighty high price."* +> +>**"Do you wish to gamble blindly in the hope of getting a great big profit or do you wish to speculate intelligently and get a smaller but much more probable profit?"** +> +>They all said they wanted the smaller but surer profit, so I said, *"Then do as I tell you. If it crosses $1.20 buy."* +> +>As I told you, I had watched it a long time. **For months it sold between $1.10 and $1.20, getting nowhere in particular.** Well, sir, one day it closed at above $1.19. I got ready for it. Sure enough the next day it opened at $1.20-1/2, and I bought. **It went to $1.21, to $1.22, to $1.23, to $1.25, and I went with it.** + +[Reenactment of wheat chart from 100 years ago \(probably\)](https://preview.redd.it/wsgayki21op91.png?width=714&format=png&auto=webp&s=6fd985b6f1d41ce25e3a2cae187c8840896ee205) + +>**I couldn't tell whether the breaking through the limit would be up through $1.20 or down through $1.10**, though I suspected it would be up because there was not enough wheat in the world for a big break in prices. +> +>The price went beyond the $1.20 mark. **That was all the point I had and it was all I needed.** I knew that when it crossed $1.20 it would be because the upward movement at last had gathered force to push it over the limit and something had to happen. **In other words, by crossing $1.20 the line of least resistance of wheat prices was established.** + +# Universal Language of Price Action + +That's all a breakout really is: **Buyers are finally able take out the Sellers who have been repeatedly selling at the top of the range.** This means that demand pressure exceeded supply pressure; an increase in volume typically confirms just how serious Bulls are with their buying (and also stops getting taken out for Bears). + +One of the reasons that makes this pattern so timeless is because it **appears on all timeframes:** from 1-minute charts all the way up to yearly charts. This means that many different types of traders are watching for it: from scalpers and day traders, all the way up to long-term investors. Here's the weekly chart of Microsoft from the year it IPO'd in 1986. + +[ Microsoft Weekly Chart - How to Make Money in Stocks, by William J. O'Neil](https://preview.redd.it/b7pojorz1op91.png?width=1149&format=png&auto=webp&s=2786ef3495f219be55017abafd81a019ecb874a9) + +This 35-year-old chart is merely a repeat of the Livermore story from above. But replace wheat with **Microsoft**. And instead of $1.10-$1.20, the range was **$25 to $35**. I highly recommend Mr. O'Neil's book even if you are strictly day trading. It is filled with chart examples from over 100 years ago and he is **an absolute legend**. + +# Variations of The Base + +Consolidation bases come in many different shapes and sizes. The most basic and easiest to spot on a chart is the **rectangle.** Price is stuck inside a boxed range and is making equal highs and equal lows. + +[Daily chart - rectangle base with gap breakout and intraday re-test via bottoming tail ](https://preview.redd.it/6y6eao94dop91.png?width=853&format=png&auto=webp&s=1c788e0f3c007ce48b6e30b6e6269f4336ce2817) + +Sometimes, there are rectangles within rectangles as the 'losing side' gives up more and more ground before the big move occurs. + +[Smaller rectangle base within a larger rectangle base](https://preview.redd.it/ra5pmzi73op91.png?width=853&format=png&auto=webp&s=abe3df7b187bb769ba0db1bb8df8b87fa19b2d73) + +Another variation is the **triangle** consolidation, where price coils and narrows to a point. This comes in 3 flavors: + +* **Ascending -** a flat top and higher-lows +* **Descending -** a flat bottom and lower-highs +* **Symmetrical -** the top side is making lower-highs, while the bottom side is making higher-lows + +[Ascending triangle or wedge](https://preview.redd.it/1b8jv5g84op91.png?width=861&format=png&auto=webp&s=50425f13bb4908ec1cb6686d980bc9efe46e1069) + +[Descending triangle or wedge](https://preview.redd.it/5m3w91mh4op91.png?width=854&format=png&auto=webp&s=86526f848436ecb13710b433fe0d608d3ca5d496) + +[Symmetrical triangle or wedge](https://preview.redd.it/swxanm1d7op91.png?width=851&format=png&auto=webp&s=4164f2a9a07d5375be033941feac099d7642f196) + +Finally, sometimes you will see triangles inside rectangles, or rectangles at the tip of a triangle. It's all the same—price is getting tighter and tighter and looking to make a move. + +# Basics - Pattern Recognition + +So how do you actually find this setup as it's forming? First, use a drawing tool to outline the shape of the consolidation range. Wait for price to pivot and candles to close before adjusting the ranges as required. At a bare minimum, these are the requirements you should look for if wishing to play a continuation: + +* Stock is already **trending** (directional) +* Price enters **resting period** where it goes sideways or coils (rectangle vs. triangle) +* **Lull in volume** during consolidation period +* **Increase in volume** as orders are triggered over/under the resistance/support level +* Use textbook entries (i.e., confirmation) to avoid getting chopped up inside the range or getting faked out +* Use the wider (textbook) stop to give it room. This will allow you to survive getting wicked-in early or when the stock isn't truly done consolidating + +Lastly, learn to identify the pattern in **both uptrends and downtrends**. + +[A breakdown is the upside-down version of a breakout](https://i.redd.it/2dlvckww7op91.gif) + +Congratulations, you've just **doubled the amount of setups** available for you to trade. + +# Intermediate/Advanced - Combining Price Action + +Eventually you won't need to draw the boxes and triangles anymore. You will be able to recognize the extremes of the consolidation range **with the naked eye**. That's a really good sign of leveling up. + +Despite being such a simple pattern, there are a lot of **nuances to trading breakouts and breakdowns**. Where to get a better/early entry? Where to put a tighter stop? How to avoid fake-outs? What if there's no follow-through? Do you let price come back all the way back into the base? Etc. Etc. + +I don't have simple answers to these questions because there are **countless ways to trade bases**. Each strategy is as unique as the trader who takes them. Personally, I look for: + +* The tightest consolidations possible for smaller stops and better reward-to-risk +* Moving average catches up to price and curls, suppressing or supporting price (8/9, 20/21 SMA/EMA, or whatever you use for trend analysis) +* One last bounce/rejection or fake-out before the move + +After trading this pattern enough times, you will begin **developing intuition** and 'seeing' the move before it even happens (applies to any strategy you've mastered). This allows you to pre-empt the entry while still inside the base, which tightens your stop and also avoids slippage. + +[An early entry while still inside the triangle consolidation](https://preview.redd.it/5sgm4ug98op91.png?width=854&format=png&auto=webp&s=4e811523ba66b631190804dbdcd1c4d7b0f1694b) + +And sometimes, the exact moment you enter the trade marks the very beginning of the move. It almost seems like you **triggered the price movement yourself.** Unless you're Goldman Sachs, that is highly unlikely. + +[A perfectly timed entry before the MA had even curled](https://i.redd.it/422ig5vy8op91.gif) + +Lastly, I recommend going down one timeframe to **study price action for nuances and intricacies**. There are little details that happen during consolidation, right before the move, and as the break is underway. Some traders also use the Time and Sales or Level 2 to decide their entries. Personally, I've never been any good at it. Eventually you will **gain experience** on which entry you are best at spotting/trading. + +# Next Steps - Define, Refine, Be Fine + +Am I recommending that you draw a box around a cluster of candlesticks and go trading every chart that fits these criteria? **No!** This post is simply an introduction to the **building blocks;** it's up to you to study and research further. Find **any respectable technical analysis book** and the author will dive much deep into this topic than I ever could in a Reddit post. + +Are all breakouts worth trading? Absolutely not! Trading bases without context is like trading in a vacuum. The pattern itself is **a dime a dozen**. They appear all the time. Your job as a trader is to observe and back-test what increases the probability of a breakout working, while reducing the probability of a breakout failing. + +**This is what people mean when they say that** ***nobody will give away their whole strategy*****.** Another trader cannot provide you with answers to the questions below (which isn't even a comprehensive list of criteria). + +* Market cap / float +* Price range +* Gap direction and size limits, if applicable +* Relative strength/weakness to indices +* Hourly/daily chart alignment +* Distance from 20/21 SMA/EMA (extended or not) +* Tightness of the base +* Time of day (late morning, avoid lunch, late day, etc.) +* Basing at whole / half dollar (psychological levels) +* Basing above support, below resistance, or anywhere? +* Distance to next support/resistance area (i.e., how much room to run) +* RVOL / daily volume requirements +* ATR / ADR +* Entry: pre-empt, breakout point, or re-test +* Exit: stick to original stop or exit on loss of momentum +* Re-entry: get back in after fake-out/shakeouts? +* Order type: market, or buy/sell stop +* Etc. etc. etc. + +# A Sniper in Waiting + +You can probably tell that breakouts and breakdowns are my favorite day/swing trading setups of all-time. They are my bread and butter. Over the years I have traded them **thousands of times** on all sorts of stocks and crypto. Like trading in general, they are **simple but definitely not easy.** + +Now you can start to understand why some traders **need multiple monitors** for their trading style. They are simply scanning their stock universe and **waiting for very specific patterns to appear**. There is no information overload or much to process at all. The chart is either setting up or not. True or false. It's a pattern recognition game and **your job is to be a sniper ready to pull the trigger.** + +And that is what it means to be a master of a few setups. You can honestly **make a living off a single pattern** as Linda Raschke famously quoted. + +# BONUS CHARTS + +Below are links to 40+ recent charts I have collected **over the past few weeks**. I didn't have to look very hard since these stocks were all on my watchlist. Some trades I took, others I didn't. **Yes, I know—I'm terrible at drawing trendlines.** The fact is, I don't even use them in my own trading. I can spot the shapes just by glancing at price action. With enough screen time, you will reach that point, too. + +# [Bitcoin - 6 charts](https://imgur.com/a/owpa24e) + +# [Various Stocks - 40 charts](https://imgur.com/a/OYj6JBR) +# Base Breakouts and Base Breakdowns + +Breakouts are probably the most popular trading pattern around due to their simplicity. They are also one of the oldest. What's there not to admire? A stock is directional, goes sideways, and continues in the same direction. It's truly a timeless classic which represents market psychology across many tradeable instruments. + +[Basic concept of the continuation base: push, pause, push](https://i.redd.it/6e3r6yjj0op91.gif) + +A **base**—in layman's terms—is simply when an instrument is stuck in a range. This is also called a **consolidation**. Buyers are unable to pump it higher, and sellers are unable to dump it lower. When price is finally able to breach the ceiling or floor, big things typically happen. + +# Been Around for Over 100 Years (Before Charting was Accessible) + +Don't take my word for it. Here is a passage from *Reminiscences of a Stock Operator*, by Edwin Lefèvre. This book recounts the trials and tribulations of the greatest speculator who ever lived: **Jesse Livermore**. + +>Not so long ago I was with a party of friends. They got to talking wheat. **Some of them were bullish and others bearish**. Finally, they asked me what I thought. Well, I had been studying the market for some time. So, I said: *"If you want to make some money out of wheat I can tell you how to do it."* +> +>They all said they did and I told them, *"If you are sure you wish to make money in wheat just you watch it. Wait. The moment it crosses $1.20 buy it and you will get a nice quick play in it!"* +> +>*"Why not buy it now, at $1.14?" one of the party asked.* +> +>*"Because I don't know yet that it is going up at all."* +> +>*"Then why buy it at $1.20? It seems a mighty high price."* +> +>**"Do you wish to gamble blindly in the hope of getting a great big profit or do you wish to speculate intelligently and get a smaller but much more probable profit?"** +> +>They all said they wanted the smaller but surer profit, so I said, *"Then do as I tell you. If it crosses $1.20 buy."* +> +>As I told you, I had watched it a long time. **For months it sold between $1.10 and $1.20, getting nowhere in particular.** Well, sir, one day it closed at above $1.19. I got ready for it. Sure enough the next day it opened at $1.20-1/2, and I bought. **It went to $1.21, to $1.22, to $1.23, to $1.25, and I went with it.** + +[Reenactment of wheat chart from 100 years ago \(probably\)](https://preview.redd.it/wsgayki21op91.png?width=714&format=png&auto=webp&s=6fd985b6f1d41ce25e3a2cae187c8840896ee205) + +>**I couldn't tell whether the breaking through the limit would be up through $1.20 or down through $1.10**, though I suspected it would be up because there was not enough wheat in the world for a big break in prices. +> +>The price went beyond the $1.20 mark. **That was all the point I had and it was all I needed.** I knew that when it crossed $1.20 it would be because the upward movement at last had gathered force to push it over the limit and something had to happen. **In other words, by crossing $1.20 the line of least resistance of wheat prices was established.** + +# Universal Language of Price Action + +That's all a breakout really is: **Buyers are finally able take out the Sellers who have been repeatedly selling at the top of the range.** This means that demand pressure exceeded supply pressure; an increase in volume typically confirms just how serious Bulls are with their buying (and also stops getting taken out for Bears). + +One of the reasons that makes this pattern so timeless is because it **appears on all timeframes:** from 1-minute charts all the way up to yearly charts. This means that many different types of traders are watching for it: from scalpers and day traders, all the way up to long-term investors. Here's the weekly chart of Microsoft from the year it IPO'd in 1986. + +[ Microsoft Weekly Chart - How to Make Money in Stocks, by William J. O'Neil](https://preview.redd.it/b7pojorz1op91.png?width=1149&format=png&auto=webp&s=2786ef3495f219be55017abafd81a019ecb874a9) + +This 35-year-old chart is merely a repeat of the Livermore story from above. But replace wheat with **Microsoft**. And instead of $1.10-$1.20, the range was **$25 to $35**. I highly recommend Mr. O'Neil's book even if you are strictly day trading. It is filled with chart examples from over 100 years ago and he is **an absolute legend**. + +# Variations of The Base + +Consolidation bases come in many different shapes and sizes. The most basic and easiest to spot on a chart is the **rectangle.** Price is stuck inside a boxed range and is making equal highs and equal lows. + +[Daily chart - rectangle base with gap breakout and intraday re-test via bottoming tail ](https://preview.redd.it/6y6eao94dop91.png?width=853&format=png&auto=webp&s=1c788e0f3c007ce48b6e30b6e6269f4336ce2817) + +Sometimes, there are rectangles within rectangles as the 'losing side' gives up more and more ground before the big move occurs. + +[Smaller rectangle base within a larger rectangle base](https://preview.redd.it/ra5pmzi73op91.png?width=853&format=png&auto=webp&s=abe3df7b187bb769ba0db1bb8df8b87fa19b2d73) + +Another variation is the **triangle** consolidation, where price coils and narrows to a point. This comes in 3 flavors: + +* **Ascending -** a flat top and higher-lows +* **Descending -** a flat bottom and lower-highs +* **Symmetrical -** the top side is making lower-highs, while the bottom side is making higher-lows + +[Ascending triangle or wedge](https://preview.redd.it/1b8jv5g84op91.png?width=861&format=png&auto=webp&s=50425f13bb4908ec1cb6686d980bc9efe46e1069) + +[Descending triangle or wedge](https://preview.redd.it/5m3w91mh4op91.png?width=854&format=png&auto=webp&s=86526f848436ecb13710b433fe0d608d3ca5d496) + +[Symmetrical triangle or wedge](https://preview.redd.it/swxanm1d7op91.png?width=851&format=png&auto=webp&s=4164f2a9a07d5375be033941feac099d7642f196) + +Finally, sometimes you will see triangles inside rectangles, or rectangles at the tip of a triangle. It's all the same—price is getting tighter and tighter and looking to make a move. + +# Basics - Pattern Recognition + +So how do you actually find this setup as it's forming? First, use a drawing tool to outline the shape of the consolidation range. Wait for price to pivot and candles to close before adjusting the ranges as required. At a bare minimum, these are the requirements you should look for if wishing to play a continuation: + +* Stock is already **trending** (directional) +* Price enters **resting period** where it goes sideways or coils (rectangle vs. triangle) +* **Lull in volume** during consolidation period +* **Increase in volume** as orders are triggered over/under the resistance/support level +* Use textbook entries (i.e., confirmation) to avoid getting chopped up inside the range or getting faked out +* Use the wider (textbook) stop to give it room. This will allow you to survive getting wicked-in early or when the stock isn't truly done consolidating + +Lastly, learn to identify the pattern in **both uptrends and downtrends**. + +[A breakdown is the upside-down version of a breakout](https://i.redd.it/2dlvckww7op91.gif) + +Congratulations, you've just **doubled the amount of setups** available for you to trade. + +# Intermediate/Advanced - Combining Price Action + +Eventually you won't need to draw the boxes and triangles anymore. You will be able to recognize the extremes of the consolidation range **with the naked eye**. That's a really good sign of leveling up. + +Despite being such a simple pattern, there are a lot of **nuances to trading breakouts and breakdowns**. Where to get a better/early entry? Where to put a tighter stop? How to avoid fake-outs? What if there's no follow-through? Do you let price come back all the way back into the base? Etc. Etc. + +I don't have simple answers to these questions because there are **countless ways to trade bases**. Each strategy is as unique as the trader who takes them. Personally, I look for: + +* The tightest consolidations possible for smaller stops and better reward-to-risk +* Moving average catches up to price and curls, suppressing or supporting price (8/9, 20/21 SMA/EMA, or whatever you use for trend analysis) +* One last bounce/rejection or fake-out before the move + +After trading this pattern enough times, you will begin **developing intuition** and 'seeing' the move before it even happens (applies to any strategy you've mastered). This allows you to pre-empt the entry while still inside the base, which tightens your stop and also avoids slippage. + +[An early entry while still inside the triangle consolidation](https://preview.redd.it/5sgm4ug98op91.png?width=854&format=png&auto=webp&s=4e811523ba66b631190804dbdcd1c4d7b0f1694b) + +And sometimes, the exact moment you enter the trade marks the very beginning of the move. It almost seems like you **triggered the price movement yourself.** Unless you're Goldman Sachs, that is highly unlikely. + +[A perfectly timed entry before the MA had even curled](https://i.redd.it/422ig5vy8op91.gif) + +Lastly, I recommend going down one timeframe to **study price action for nuances and intricacies**. There are little details that happen during consolidation, right before the move, and as the break is underway. Some traders also use the Time and Sales or Level 2 to decide their entries. Personally, I've never been any good at it. Eventually you will **gain experience** on which entry you are best at spotting/trading. + +# Next Steps - Define, Refine, Be Fine + +Am I recommending that you draw a box around a cluster of candlesticks and go trading every chart that fits these criteria? **No!** This post is simply an introduction to the **building blocks;** it's up to you to study and research further. Find **any respectable technical analysis book** and the author will dive much deep into this topic than I ever could in a Reddit post. + +Are all breakouts worth trading? Absolutely not! Trading bases without context is like trading in a vacuum. The pattern itself is **a dime a dozen**. They appear all the time. Your job as a trader is to observe and back-test what increases the probability of a breakout working, while reducing the probability of a breakout failing. + +**This is what people mean when they say that** ***nobody will give away their whole strategy*****.** Another trader cannot provide you with answers to the questions below (which isn't even a comprehensive list of criteria). + +* Market cap / float +* Price range +* Gap direction and size limits, if applicable +* Relative strength/weakness to indices +* Hourly/daily chart alignment +* Distance from 20/21 SMA/EMA (extended or not) +* Tightness of the base +* Time of day (late morning, avoid lunch, late day, etc.) +* Basing at whole / half dollar (psychological levels) +* Basing above support, below resistance, or anywhere? +* Distance to next support/resistance area (i.e., how much room to run) +* RVOL / daily volume requirements +* ATR / ADR +* Entry: pre-empt, breakout point, or re-test +* Exit: stick to original stop or exit on loss of momentum +* Re-entry: get back in after fake-out/shakeouts? +* Order type: market, or buy/sell stop +* Etc. etc. etc. + +# A Sniper in Waiting + +You can probably tell that breakouts and breakdowns are my favorite day/swing trading setups of all-time. They are my bread and butter. Over the years I have traded them **thousands of times** on all sorts of stocks and crypto. Like trading in general, they are **simple but definitely not easy.** + +Now you can start to understand why some traders **need multiple monitors** for their trading style. They are simply scanning their stock universe and **waiting for very specific patterns to appear**. There is no information overload or much to process at all. The chart is either setting up or not. True or false. It's a pattern recognition game and **your job is to be a sniper ready to pull the trigger.** + +And that is what it means to be a master of a few setups. You can honestly **make a living off a single pattern** as Linda Raschke famously quoted. + +# BONUS CHARTS + +Below are links to 40+ recent charts I have collected **over the past few weeks**. I didn't have to look very hard since these stocks were all on my watchlist. Some trades I took, others I didn't. **Yes, I know—I'm terrible at drawing trendlines.** The fact is, I don't even use them in my own trading. I can spot the shapes just by glancing at price action. With enough screen time, you will reach that point, too. + +# [Bitcoin - 6 charts](https://imgur.com/a/owpa24e) + +# [Various Stocks - 40 charts](https://imgur.com/a/OYj6JBR) +tl;dr here - please rethink your investments if you're using ethereum to build a nest-egg or some long-term retirement plan. + +This will probably get super downvoted, but I felt like putting it out there. + +The post by /u/Haman__Karn over [here](https://np.reddit.com/r/ethtrader/comments/6s773s/i_feel_like_its_only_a_matter_of_time_first_time/?st=j63024j3&sh=4b889fb7) prompted me to write this. He says he doesn't want to get rich and just live a decent life. If any of the people in this sub just want a decent life when they get older, then I would *really* suggest a mix of US low-risk stocks/bonds and mid-risk international/developing market stocks. + +I understand everyone's enthusiasm for ethereum and cryptocurrencies in general, but realistically using it as a long-term savings plan isn't high on the scale of safe investments. It's closer to gambling than any other investment you could make. + +There's a lot of bashing of financial institutions and the government, but TBH government institutions like the SEC that regulate publicly-traded funds - while far from perfect - do a pretty good job of making sure there's not (too much) shady fuckery that takes place. Companies usually have underwriters and have to file a mountain of disclosures about who is on the board of directors, accounting procedures, security and internal control methods, intercompany balances and activity, and regular auditing. + +If shady shit does happen then people can be held accountable. Like jail time accountable. A lot of the time the SEC protects smaller investors from getting fucked over. It's another topic but the financial crisis in the last decade was largely in part because of too little regulation. Anyway, that last point isn't too relevant for this post. + +So the same financial security and accountability is almost non-existent with cryptocurrencies. I'm over-simplifying it, but crypto-companies that want to drum up capital have a white paper that generally explains the technology and how they can buy the coins. If your money disappears or is stolen or you get a then rarely are any people held accountable. I'm not even bringing in the issues with the coin exchanges, too. + +If multi-billion company stocks went up 300% in a month and then plummeted 75% the next, investors would be shitting their pants and heading out the door. Here's it's all HODL and memes and whatever. Let's be honest -- no one *really* knows the fundamentals of this market and yet no one seems to be too concerned when there are massive, largely unexplained price swings in short periods of time. + +Anyway, if you're gung-ho about this whole crypto market then put some money into ethereum or bitcoin, but there are much, much safer things to do with your savings than cryptocurrencies; especially if you want to have a nest egg for later in life. Like.. don't squirrel money away on ethereum if you're counting on it to be your retirement plan. Please? Or at least squirrel *some* money in some safer, low-risk bonds. +1. don't hate and only answer if you want, no need to comment if you have nothing valuable to say +2. if you want, share what asset class you trade +3. which algos and which strategy u using +4. how much u trade on a daily basis and per trade +5. (UPDATED) feel free to share your platform and broker. +Unpaid internships is a never ending dilemma for me. I don’t know about other countries but in mine, there aren’t any laws prohibiting an employer from overworking their interns, making them do the job of a full time employee and not paying them a dime under the garb of unpaid internships. They are a facade for rich people to gather even more opportunities and connections under their belt. Now the thing is since these internships are unpaid they are also very easy to get, so making these illegal would again adversely affect poor people as the privileged can get internships using their connections. + +It makes me want to cry seeing that the only reason some of my friends (who are way underqualified than me) get jobs because they can afford to gather experience by doing months of unpaid internships, sometimes even in other states. Not being able to afford to travel to other states for internships or even a job interview has cost me sooo many opportunities. Not to mention the time I have wasted (time I couldn’t afford to waste) doing internships where the employer has screwed me over in the end by not providing proper certification or proof of internship. It is perfectly legal here for companies to hire interns for assessment internships (ie after a very long period of unpaid labour if you’re lucky you get a job) and then not hire a single person at the end of the period. What makes me most angry is the employers who preach “but you’re getting paid in experience” like yeah experience doesn’t put food on my table. + +I hate playing the victim but sometimes it makes me very dejected that no matter how hard I work for even basic things that people are getting handed to them, I would still be at a disadvantage. It makes me hateful that this is such a terrible system which will inconvenience me either ways and will always cater to the rich. +I began to wonder if FIFA could actually use blockchain technology. Because I think it would be an excellent addition to the game. I recently read an [article](https://coingosh.com/2022/08/18/why-l2s-could-finally-make-aaa-games-go-to-the-blockchain/) about how L2s could bring AAA games to the blockchain. And, given that EA and FIFA's partnership will end after FIFA 23, this would be a great time to shake things up. Because blockchain technology and gaming are both stable, game developers have created an entirely new gaming system that allows players to earn money while playing. I honestly believe FIFA requires it because I know a lot of people who have grown tired of playing the same game year after year. + + +Consider a system in which you can sell your players in order to obtain FIFA crypto tokens. That, I believe, would also attract a large number of players to the game. The crypto world is expanding faster than I ever imagined. Earning money while playing is possible with almost any game that captures a person's interest. At least for me. What do you think? +You do understand that's what they want right? + +Yes. We know they hate us, smells like desperation blah blah blah. + +But for real. The reposting and reposting of this doesn't do anyone any favors...except of course the company that made it. + +Seriously folks, is it that hard to understand?? + +Please Move on. + +Ps: And you god damn reposters....for real. Mods. please take time to banhammer chronic reposters like some other subs have started to do. + +Fin. +I can buy AMC for $62.95, immediately sell a call with $60 strike price expiring 7/16 for $22.25, and sell buy a put with a $55 strike, same expiration for $15.50. + +It seems to me that I pay $6300 for the underlying stock, $1550 for the protection, making my all in $7520. I then get BACK $2225, making my all in cost $5575. + +If AMC is over $60 at expiry, I sell for $6000 (the call), and pocketed $705. + +If AMC is under $55 as expiry, it sells for $5500 (the put), I've lost $75. + +If its in between the strike and the put, I can either sell or retain the shares, and I've made $675 from the expiring options. Worst case, it's $55.01, and my shares are worth $5501, so I sell at that price, and have received back $6176 in total. + +So it seems that the max I'm on the hook for is $75. + +What am I missing? + +(Long time lurker to the is sub, looking at the crazy AMC premiums like all the rest of you :) +I self manage and have sent him the rental ledger showing a pay period where rent was missed, it's because he pays not as consistent as he should, as in rents could span from 5- 9 days apart sometimes and this as equalled a missed rent. + +He has sent me screenshots of a few of his payments around that time and said he's definitely paid it. +all of these were already accounted for in the ledger., And hasn't responded to my last msg a week ago. + + I don't understand why he is risking the roof over his head, if my landlord accused me of this id want to triple check everything on my end and either send indesputable evidence or send through the missed rent to get it sorted asap. he is already paying $150pw under market value. + +Should I just issue a formal notice to remedy breach now or wait out for a response? +I'm old but this sales tactic is new to me. + +Service providers like insurance, banking and in my case utilities (Australia), put you on 12 month plans that at the end of the cycle drop you back onto the worst plan for you. Insurance companies are really bad. + + +So here is the current tactic we encountered. + + +Our separate gas and electric contract (same supplier) ends about now to default to NO discount. We got a discount to join them. (If you ask they give you the same discount again each year) My wife calls and they cannot locate one of the contracts. While they look, she is offered multiple complex sales packages they have to sell while they negotiate the yearly renewal. + +They 'suggest' we don't have a contract at all. Constantly asking all sorts of sales like probing questions. A bamboozle for sure! + +Finally after 1 hour, they locate all of the information and my wife just has to move on with her day and is not really clear on what we have agreed to pay. + +So I call them back with my wife's notes with every detail at hand. + +I get transferred 3 times. 20 minutes in I get someone who can deal with this enquiry. After 10 minutes answering every question they need for privacy reasons, they ask, have you seen any offers from our company? I say, tell me, of all of those offers, which one is the best. + +I suggest I am reluctant to leave them as a have a better offer, I'm disenchanted with the way they treated my wife etc. + +I got the highest discount available and a few other fees waved. + +We estimate more than a $1000 saved for 2 hours on the phone. + +Always ask them + +Am I better or worse off making that change you suggested? Is that your best deal? They have to answer truthfully. + + +It's a game, know the rules, have time on your side, information at hand, and get competitive prices. + +And SCREW THEM HARD! + + +Hi! At 19 We welcomed a beautiful baby boy and now with him being almost 8 months and me and my husband both now having great jobs in the tech field we are moving into a new apartment that (amenities included) cost $1400 monthly. Our combined income is in the low six figures until late feb-march when I get promoted. + +Now knowing our ages, I’m new to planning out our finances and how to budget around 6k a month. Im excited we are ahead of the curve age wise but confused somewhat. Does anybody have advice? TIA +I’m 22 and been away from college for 2 years now. I’m technically a freshman. Everyone I know has fully graduated by now and it’s killing me. I feel like such an outcast and a failure. + +How are they doing it??? Just taking out big loans and hoping for the best? Won’t they get screwed over? + +I want to go back. SO badly. But I still have 3k in loans right now. The loans are so hard to pay off. +I'd like to address a certain post on the front page where OP, a self proclaimed pro options trader, loses 100k from GME options. I'd like to do a quick deconstruction of what OP did very, very wrong. + +According to OP, ITM options were purchased on June 1st with the expiration date of November 12th. Why did OP buy a weekly expiration date back in June instead of 11/19 monthlies? Who knows, but [here's a visual representation](https://i.imgur.com/wGDS7oP.png). + +The white box shows time of purchase to expiry, the top of the white box is approximately the price of GME when OP purchased the options contracts. As you can see, if OP would've sold within a week of purchasing the options their options would have printed. Instead, OP got greedy. + +OP should've sold at the peak, but OP got greedy. + +OP should've sold when GME announced the share offering, but OP got greedy. + +OP should've sold when the price quickly dropped and option contracts were affected by [IV crush](https://www.nasdaq.com/articles/what-an-implied-volatility-crush-is-and-how-to-avoid-it-2021-07-09), but OP got greedy. + +OP definitely shouldn't have let their options slowly lose value over 5.5 months of time decay ([theta](https://www.investopedia.com/terms/t/theta.asp)), but OP got greedy. + +OP didn't get burned by GME options trading, OP was burned by poor decisions. Options are not for HODLing, they're for leverage and applying additional pressure on SHFs. Nobody is making anyone buy options, feel free to buy, hold, DRS if you aren't comfortable with options, but please stop spreading options FUD. + +Seriously, check out u/Gherkinit and Houston's stream for more info. + +https://www.youtube.com/watch?v=FBplxmTCXhg +Like title says. + +I have a lady proposing $200 more in rent for me to allow her to use my house as a sober living home, 2 tenants per bedroom. + +Claims they have chores and keep the property in great shape. Lady has other landlord referrals. Her own insurance. And I know shes been in business for a year + as I remember talking to her about another property I own + +I have a ton of applicants and leads looking to rent it as a LTR so I am not desperate. But I can't say no to more money and a free PM basically. + +But I know sober living homes aren't all sunshine and daisies. So who's got my horror stories for me? + +Is it a total avoid or is there a case to be made for it? + +Thanks gents and ladies +Corporations should not be allowed to come into our house and gaslight us with bullshit. I don’t care why the decision was made to let them in here. I’m sure someone meant well, but it’s obvious they (Ortex) are not welcome. + +How about we check with the community before letting corporations skip the posting requirements? Thanks in advance for this simple adjustment! +If you had to make your own portfolio that consisted of only 5 individual stocks, what would they be? Mine would be PEP, LMT, NOC, UNH, WM for overall appreciation + dividend +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! + +If Ryan Cohen tweets about purple donuts in the next month, I will get Ryan Cohens face tattooed on my butt. + +I have a feeling he is going to post about loving purple donuts. Let's be honest, who doesn't love donuts? I will get Ryan Cohens face tattooed on my butt if he tweets about purple donuts within the next month. Proof or ban. + +Edit: Left cheek dedicated to RC. Right cheek for Kenneth +Unfortunately unlike other luckier people who have their laziness enabled by their brokerage platform popping out neat trading summaries, I've had to try to pull this one together myself. + +Therefore I have given my best shot at summarising my first full year of trading in real terms, with a crappy Excel spreadsheet I have been fiddling with since around tax time last year. + +If you have a moment to spare, feel free to mosey on through my hairbrained, ADHD mania and hyperfocused DD fuelled trading shenanigans for the past twelve months (and a few days). + +There is reading to do which gives actual context, but for the people with painfully short attention spans and an instant-gratification problem, there are pictures and colours and stuff to show what has been happening visually. + +I hope you can enjoy the gains a bit more than I have (I've been depressed, cut me some slack). + +\- + +Having been interested in making money since I was old enough to count, it was only a matter of time to when I first made a foray into share trading. I'm both surprised and glad I didn't start sooner than February 2021, I probably would've lost a lot of money instead of a bit. + +I messed around with CFD trading in late 2020 which accounts for most of the Capital Loss I've carried forwards from FY2020/21 into FY2021/22. + +Something I need to lay out clearly is I *do not have a coherent or consistent strategy* one moment I'll want to do long hold plays (1 year +), the next mid-term (6 - 12 months), then short term (1 - 6 months) with a scattering of 'day trading' stuff in there. + +Below is a summary of that first five months of trading when I had no clue what I was doing and the paperest hands you've ever seen. + +[\\"-6.25&#37; ROI, not great, not terrible\\" - Comrade ADHD\_Distrylatlov circa. February 2022](https://preview.redd.it/mfrzans76kg81.jpg?width=686&format=pjpg&auto=webp&s=e16bdedd2433bd24609f1c86c9db13987ae839e6) + +So a capital loss for FY2020/21 of $987.05, and with the CFD trading losses, a total Capital Loss of $2398.00 for FY2020/21. + +Attentive readers may pay note to HWK (now AZL), if I hadn't paper handed that I'd be a much richer man (story of my share trading life so far). I'm still annoyed about that one because I knew HWK/AZL had a big mineral resource, I was just too worried about the opportunity cost of waiting to see the report that confirmed it. On the flipside I managed to make a small amount of money from the raging dumpster inferno of 88E. + +Concern about opportunity cost of waiting for my theses (which are generally pretty well read-into by newbie standards, I love reading and researching) to develop is a key driver of me semi-frequently entering and exiting positions, almost always before the key catalysts I expect. + +It definitely wasn't as bad as it could've been but I was basically lucky it wasn't worse. + +\- + +Post FY2020/21 I had a renewed energy and enthusiasm for stonks trading, and settled myself across a number of positions. July/August was a period of change and upheaval finishing my first engineering cadetship and moving from Dubbo to Bathurst in early July, then Bathurst to the mid-North Coast in early August to start my Intermediate Cadet placement. + +My ex girlfriend dumped me shortly after I decided to take the north coast placement without warning or any real explanation. She moved on immediately with the 'guy best friend' and I've figured out in hindsight she was drifting away from me and closer to him consciously in the months leading up to it. + +The breakup completely shattered and broke me and I was suicidally depressed throughout September, still a husk of my former self in October, and on the road to recovery in November. + +I've realised I was the one doing all the work in the relationship for the nearly two years we were together, while receiving basically nothing in return. I was used and manipulated badly, and then dumped in such an awful, selfish, inconsiderate and heartless way. + +I call that July-December period my life recession, and I was due for one. + +Between all the disruptions of moving, changing jobs and job uncertainty, stress with uni, the extreme emotional duress of the heartbreak, and generally being isolated from friends, family and support networks due to COVID lockdowns and the move, I was spending far less time actively monitoring the markets between July and December 2021. I attribute a lot of my recent success to these factors. + +I did a near total liquidation of my portfolio in late December expecting a crash (there was a correction, so not quite) but also wanting to free up capital to pursue a more aggressive short-term strategy to try to work/compound my money harder/faster. + +So, mainly due to circumstance, some good DD, better trading discipline/less paper handedness, and some decent intuition at times, I returned the following results over the July21-Jan22 period: + +[Decent returns during my Life Recession](https://preview.redd.it/8zwao61n9kg81.jpg?width=1244&format=pjpg&auto=webp&s=a4c7099307643f968bbe9dde261c5e1ff6648627) + +So far for FY2021/22 I've taken realised profits of $10,865.97 and absorbed real losses of $2,707.14. + +Gross Capital Gain of $8,158.83 so far this financial year. Pretty decent, but mostly luck with the markets peaking late November / early December and heading towards the eventual early January correction on Red Friday. + +I will give myself a pat on the back for making the decision to do a large sell-off at the end of December and lock in a bunch of profits, put down some dog losses instead of bagholding, and do so in a fairly rational headspace. + +I'm actually really lucky I was staring at green numbers continuously between August and December, because especially in September, that was the one thing I could sort of hold onto. + +It isn't a stretch to say I may not be here without that crutch I had to lean on in the absolute pits of my despair and depression about seemingly everything important in my life going to shit in September. + +I also started talking to a psychologist in late September and I cannot understate how critical that was to me starting to get out of a really bad headspace sooner rather than later. Health (including mental) is wealth as they say, and the last six months has really been showing my just how true that is. + +So I made money but now I'm just another lonely single degenerate autist again. + +I joined you in a seemingly elevated state of being, now I have been struck down from that pedestal. Frankly, I've realised it isn't all I'd cracked it up to be. + +On that note, given everything I've realised and figured out (which is a *lot* given how thoroughly I analyse and overthink things to understand *why* things happen) I'm glad to be among the great unwashed and prefer that greatly to the thought of being used and abused by her again. + +My focus is on myself for the moment, and while I feel like I'm coming out of a heroin addiction trying to shake my bad love habit, I have been making a lot of positive progress for myself. Plenty of setbacks too, but a net positive trend, which is encouraging. + +\- + +To put things into some better context, I threw together the following Google Sheets column graph to show the growth in my net position over the first 12 months and the relative impact of taking losses/profits across that period. Note it accounts for a pre-IPO investment, but that's only 2k which isn't much of my total amount saved/invested at this point. + +[Idk if I actually made this correctly, most of the growth is savings obviously](https://preview.redd.it/1hhwewg2ckg81.jpg?width=1148&format=pjpg&auto=webp&s=d394bad34b7b634e755af2d55b4397ccdbc091d1) + +Another thing to note is that while most of that 8k profit was actually realised in December, some of it was taken across August-November. I just couldn't be bothered to figure out the individual profit/loss figures for each month, sue me for laziness. + +In January I paid down the last lump 3k of my car loan which is why the December profit seems to totally vanish. I'm reading The Snowball and so parting way with 100,000 future dollars was an incredibly difficult thing to do. Eliminate liabilities first is what I keep telling myself, still feels like an arterial puncture wound given how well I did for myself in January (3k would've been more in my key growers). + +I've definitely been doing better for myself in the latter end of my first year. + +I'm pretty chuffed with the 2.5k real profit in January, which is just shy of a gross ROI of 9% in one month. I also timed the market perfectly (which is a lot of luck tbh), selling my key January growers on the Thursday. + +On Friday the market collectively shat itself almost as hard as Scott Morrison did at Engadine Maccas, and the correction happened. I felt pretty smart because while it was mostly luck, I did make a decision to realise the profits and not get greedy. + +I made a decision that was the correct one, so yay. + +I'll also give myself props for saving as much money as I have in such a short time period. It has taken a lot of discipline and extreme frugality to achieve, living practically bankrupt week-in week-out for the past 12 months because I dumped every paycheck into my portfolio the second I got it. + +That is admittedly a very bad and stupid habit, which I've now stopped. I drew up a very autistically comprehensive budget at the start of January which I'm quite happy with. I digress. + +\- + +As of today, my current market position is as follows: + +[Net Market Position](https://preview.redd.it/g55hht6qckg81.jpg?width=1864&format=pjpg&auto=webp&s=d04b04243ebbea4441f8d6f955d8f8c1a0b06dc6) + +To be honest this one is probably the most confusing but like any spreadsheet, only the crazy person that made it can ever really understand it. + +Basically I count money out of my debit account into my portfolio as negative, credits as positive, so I know the underlying real investment. It works ok give me a break. + +For general interest below is the summary of all trades lifted straight out of the CommSec Confirmations screen: + +[Someone can probably make sense of what this says about me as a trader, I can't](https://preview.redd.it/ascf2bpadkg81.jpg?width=1129&format=pjpg&auto=webp&s=0935837b53163f49daf0bd5545d522e6bdd1be18) + +What I gather from the above is that I have been actively trading quite a lot. + +I also judge myself as doing pretty shit in broad terms, considering I've moved 168 grand through the markets and only have 4k profits after tax to show for it, a 2.4% ROI (fucking *shite*). + +Having said that considering it is only my first year of trading, I have made money and I consider that a good thing. Yes there have been crazily positive market headwinds during most of that time, but that doesn't guarantee making money. It's a start, but as most should know the key isn't one off stroke of brilliance moves, it's consistency. Consistency is key, and that's the key test for myself going forward. + +\- + +For some fun here are some key figures of my biggest individual gains, losses, and a few 'would have been could have been' if I was more patient. + +Biggest gain: GL1 - 203.76% profit, $3000 gross profit, $2100 net profit (assuming 32.5c/$1 tax), 88.3% Net ROI. + +Biggest loss: SRK - $795.89 (was -$1659.41 but gained a bunch back in January). Unsure of net % loss, I was trading it too much. + +Funniest loss: RNU - sold 29th Dec at 0.120 for a $96.15 loss, it proceeded to moon literally the next day of trading. Colour me embarrassed, bit of egg on my face. + +Missed gains: + +HWK/AZL - held at 0.042, sold out in June. 350% potential gain missed. + +GL1 - held at an average 0.262, sold at 0.511 for a 200% profit on the 31st Dec. If I'd held another week it would've been 320%, another two weeks would've been 515%, another 3 weeks nearly 6 bagger for a 580% profit at the peak. Sort of cheated myself out of another $3750 in profit. To be honest though I'm happy. Made a decision to be happy with a 200% gain, didn't let greed drive my choices. + +TOE - bought at 0.016 on the 10th August, sold at 0.023 on the 3rd of September, it continued to moon to what could've been a 200% profit. In my defence, I was in the most fucked headspace I have ever been in during that first week of September. I was so broken, depressed and forlorn I was absolutely certain nothing good would last, so I sold in a fit of immense pessimistic doom about everything. Silly depressed me. + +Theresis others but thems the big ones that done got getted away furm mah dumbass. + +\- + +Currently my market CommSec portfolio is at a 8% loss which I expect will worsen in the next few months. I've consolidated my capital and have less securities relative to what I once held. I've concentrated more money in a few key positions (by volume), one of which is what I consider my first true deep value play. + +I'm bearish for the next 12 months just because all markets have been so crazily overheated over the past two to five years something has to give, and a 10% correction isn't it. + +Nonetheless I'm very excited to see if my key bets come good in the next six months or so. + +If you're still here, thanks for reading. + +\- + +TLDR: money doesn't buy happiness but I've been thoroughly enjoying myself and generally trending in the right direction over my first year of trading. + +Cheers fellow autists. +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! + +Has anyone used myCAMS ? I came across it in the midst of a sign up for something else. + + +What a horrendously designed portal with possibly the worst sign up process this side of the SBI Bank website. + + +Holy \*\*\*\*\*\* + +&#x200B; + +Some of the finance related websites in India are open and welcome targets for hackers. Infact I'm convinced that most of our financial data has been leaked to everyone from Somalia to Azerbaijan. + +What are some of your favorite offenders in the banking/investment webdesign space? + + +Edit: I agree about SBI Cards’ website but have any of you tried using the SBI Bank Portal with a password manager? +[https://www.thetagang.com/sharknado523](https://www.thetagang.com/sharknado523) + +Hey all - + +So I posted a meme yesterday that got a really strong reaction (which is awesome), and there was some good discussion in the comments because I linked to my trade history and a few people pointed out I have a nice streak going since I started using [ThetaGang.com](https://ThetaGang.com) to track my options trades. That account contains every trade I have made in my individual brokerage account since 8/18/2020 - the rest of (read: the vast majority of) my investments are pretty much just boring old index funds in retirement accounts. + +A few comments got me thinking - up to now, my strategy has been to sell puts and spreads with low delta, reasonable premium and manageable, reasonable expectations of being successful. I try to do very little with "meme stocks" overall and I typically look for strikes that are near/below solid support levels, such as watching the 50-day EMA, 200-day EMA & the Bollinger Bands. I also look at the ROC, RSI, MACD & volume to inform myself about the strength of the current trend and try to make educated guesses about how the stock could behave between now and expiry. + +Because of this, one commenter pointed out a potential flaw in how I am trading which I have been considering for some time. For example, I just sold a $20/$17.50 $PLTR put spread expiring May 21st. I sold the spread for $0.52, which is a little over 20% of the difference between the strikes. I'd probably buy it back for about half that. So, basically my profit after all that would be something like 10% of the capital I risked. This means that one bad trade can wipe out the gains from 10 good ones. Since my average trade length is 10 days (2 weeks), one bad trade can basically wipe out the gains made churning that same subset of the account from 4-5 months. + +That said, by getting closer to ATM, I would get more premium for my spreads but likely would suffer losses more often than I currently do. Stocks do not always go up, and by trading the way that I have I have afforded myself quite a bit of lenience. Even in cases where I have been wrong directionally, I have been able to wait patiently for the technicals to improve because I did everything I could to avoid a) selling on days that are too green, meaning I got too little premium for the risk I took on and b) make sound decisions about what contracts to sell based on bid/ask spreads, technicals, open interest and other variables. + +The account currently has about $7,500 in it and my realized gains are about $1,200. Assuming I add no additional money (which isn't happening because I add a minimum of $250 every month in contributions from my work paycheck alone), if I make another $3,600 between now and the end of the year that would theoretically be a 64% gain by basically churning the same $7,500 month to month. + +This would obviously be insane and I do not expect this to happen at all. At some point the streak will break, I will do something stupid or the market will simply have a bad day at the wrong time and I will lose money. I harbor absolutely no illusions about the inevitability of this. If my entire account were positioned this way with every single dollar on hold for spread-required capital in the days before the crash of March 2020, my entire account would probably have been wiped out. I am fully cognizant of this and this is why I manage my way in and out of things relatively quickly and I never have 100% of my cash on hold. + +My question for the community is this - since I know and believe everything I just wrote, does it actually make sense to take on MORE RISK and thus sell more premium? After all, if a black swan event is inevitable, technicals aren't gospel and individual stock risk is all over the place, wouldn't it make more sense to be selling more premium on the rides up? Limited-risk strategies such as credit spreads have the same max loss no matter where you start and end, so why not sell strikes more proximal to the current market price? + +Would be curious to get thoughts from people who disagree with that premise or from people who currently trade with that philosophy (or something comparable). Thank you. +[https://www.thetagang.com/sharknado523](https://www.thetagang.com/sharknado523) + +Hey all - + +So I posted a meme yesterday that got a really strong reaction (which is awesome), and there was some good discussion in the comments because I linked to my trade history and a few people pointed out I have a nice streak going since I started using [ThetaGang.com](https://ThetaGang.com) to track my options trades. That account contains every trade I have made in my individual brokerage account since 8/18/2020 - the rest of (read: the vast majority of) my investments are pretty much just boring old index funds in retirement accounts. + +A few comments got me thinking - up to now, my strategy has been to sell puts and spreads with low delta, reasonable premium and manageable, reasonable expectations of being successful. I try to do very little with "meme stocks" overall and I typically look for strikes that are near/below solid support levels, such as watching the 50-day EMA, 200-day EMA & the Bollinger Bands. I also look at the ROC, RSI, MACD & volume to inform myself about the strength of the current trend and try to make educated guesses about how the stock could behave between now and expiry. + +Because of this, one commenter pointed out a potential flaw in how I am trading which I have been considering for some time. For example, I just sold a $20/$17.50 $PLTR put spread expiring May 21st. I sold the spread for $0.52, which is a little over 20% of the difference between the strikes. I'd probably buy it back for about half that. So, basically my profit after all that would be something like 10% of the capital I risked. This means that one bad trade can wipe out the gains from 10 good ones. Since my average trade length is 10 days (2 weeks), one bad trade can basically wipe out the gains made churning that same subset of the account from 4-5 months. + +That said, by getting closer to ATM, I would get more premium for my spreads but likely would suffer losses more often than I currently do. Stocks do not always go up, and by trading the way that I have I have afforded myself quite a bit of lenience. Even in cases where I have been wrong directionally, I have been able to wait patiently for the technicals to improve because I did everything I could to avoid a) selling on days that are too green, meaning I got too little premium for the risk I took on and b) make sound decisions about what contracts to sell based on bid/ask spreads, technicals, open interest and other variables. + +The account currently has about $7,500 in it and my realized gains are about $1,200. Assuming I add no additional money (which isn't happening because I add a minimum of $250 every month in contributions from my work paycheck alone), if I make another $3,600 between now and the end of the year that would theoretically be a 64% gain by basically churning the same $7,500 month to month. + +This would obviously be insane and I do not expect this to happen at all. At some point the streak will break, I will do something stupid or the market will simply have a bad day at the wrong time and I will lose money. I harbor absolutely no illusions about the inevitability of this. If my entire account were positioned this way with every single dollar on hold for spread-required capital in the days before the crash of March 2020, my entire account would probably have been wiped out. I am fully cognizant of this and this is why I manage my way in and out of things relatively quickly and I never have 100% of my cash on hold. + +My question for the community is this - since I know and believe everything I just wrote, does it actually make sense to take on MORE RISK and thus sell more premium? After all, if a black swan event is inevitable, technicals aren't gospel and individual stock risk is all over the place, wouldn't it make more sense to be selling more premium on the rides up? Limited-risk strategies such as credit spreads have the same max loss no matter where you start and end, so why not sell strikes more proximal to the current market price? + +Would be curious to get thoughts from people who disagree with that premise or from people who currently trade with that philosophy (or something comparable). Thank you. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello all, + +&#x200B; + +I've just searched through the subreddit and can't find any discussion of this in the last year, but forgive me if it's a subject that's been done to death. I'll briefly present here my reasoning, positive and negative, on Moonfare. + +&#x200B; + +I'm poised to invest 50k Euro (the minimum) in the core Moonfare portfolio, which is global in nature and seems likely to invest in good quality funds. It's a fund of funds and in that sense has some diversification, albeit limited to buyout funds. + +&#x200B; + +The investment will be between 1 and 5% of my net worth, so not trivial, but not a terrible amount to lose if, by some chance, all the funds have failed after 5-10 years. + +&#x200B; + +The big objection I've heard on Reddit and elsewhere is that the fees are too high. The underlying funds have standard 2/20 fees and Moonfare for small investors like me add on a 1% entry fee and then 0.8% per year. The media reports of 0.5% annually are only accurate for much larger investments. + +&#x200B; + +In return for that fee, Moonfare allow 'commoners' like me to have exposure to PE without the downsides of listed PE, and in addition Moonfare claim to have a rigorous selection process for the funds they invest in, so they theoretically are contributing some active management. + +&#x200B; + +The fees are undoubtedly high, but is this is a red herring? If (a) there's no other good way to get access to PE, (b) PE generally offers significantly higher returns than stocks, and (c) PE is uncorrelated or weakly correlated to the stock market, then maybe I should swallow the fee as a reasonable price for uncorrelated returns, especially as it's difficult to be optimistic that the next 5-10 years will see stellar returns from stocks. + +&#x200B; + +The only other significant objection I've heard is that the opportunities Moonfare does and will invest in are in some way worse than those offered to entities not taking money from small, barely-HNW, investors. I'm completely unable to assess this at the moment as I lack PE experience and it's difficult to find out how quickly the best (whichever they are) PE funds are fully subscribed by non-Moonfare-type entities. + +&#x200B; + +I'd really appreciate reading some other people's thoughts on this. +There is a famous saying "Winners keep winning" which means that stocks that do well tend to keep doing well... + +I have backtested the idea using the setup below for 2021. + +* Each day I'm looking for stocks which + * belong to NASDAQ 100 + * have been up 3% or more on a prior day + * are up in the morning (price above yesterday's close) +* Enter (criteria to open a position) + * Wait for 9:40 (market is open for 10min) + * Stock price keeps going up + * Buy only one stock for the day + * If there are multiple candidates buy the one with highest relative volume comparing to the average market volume so far (10min average volume) +* Initial capital $10,000 + * Gain is reinvested the next day + * Loss reducing the buying power the next day +* Exit (criteria to close a position) + * End of the same day or by loss at 0.5% from fill price + +**Results**: Cumulative GAIN **75.29% |** Max Draw Down **-5.36%** + +&#x200B; + +[Return vs buy and hold benchmark](https://preview.redd.it/xfcjocrz10381.png?width=2944&format=png&auto=webp&s=53a189670a394c321c8f3b393fab382a793e7805) + +&#x200B; + +[Top tickers traded](https://preview.redd.it/ve6q147220381.png?width=2962&format=png&auto=webp&s=3e66acbdc9effd8e8ba507a841f41c949c55c79d) + +Disclaimer: all calculations made using [BreakingEquity.com](https://BreakingEquity.com) +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! + +Due to an unfortunate event that happened in my past, I was awarded $90k through an insurance pay out. I told my parents to invest this money in something for me because I was only 17 and the circumstance of receiving this money felt strange. I’ve always taken the position that I didn’t want to touch the money and just allow it to grow until I retire. Well, it’s been 10 years and that money has more than doubled. I currently have $235,000 invested in a verity of mutual funds and stocks. I’m here completely out of sheer luck as my parents arnt necessarily financially savvy but did listen to a financial advisor on how to invest this money for me. Two years ago I got married and we have been renting an apartment for $1500 per month. I want to use some of this money for the down payment on a home. My parents do not support this idea. They believe that I should wait to buy a house without using money from my investments. What is the right call here? Should I just not touch this money? If I were to use this money, how much should I use? + + +75k combined household income +15k in student loans +10k emergency fund +10k in savings +No other debts + +TLDR; Should I buy a house by selling off investments that have been doing really well. + +Edit: reasons my parents are against my idea: + +1.) they say it’s a bad time to buy a house +2.) they are divorced and say that if I use the money it wouldn’t be considered a pre marital asset +3.) they say that because I didn’t really earn the money, I should just stand by, let it grow and I’ll have an out if I ever struggle. + +My point is if I use only say 20% of the money to buy a house (then not touch the rest) it could set my family ahead for the future. + +Thanks everybody +Our parents teach us a hell of a lot, sometimes it’s good things, sometimes bad. With most things we can quickly sort out the good and the bad by talking to other people and getting contrasting views. + +However, when it comes to money, our parents are often the only ones we’ve got to talk to. Which means that a lot of people end up following in their footsteps. The problem is that our parents grew up in a very different world than we live today and, although given with good intentions, their advice is out of date or based of their own limited personal experience. + +At the same time I’ve heard some epic systems parents have implemented to each their kids about money. + +So, what’s the best / worst advice you’ve been given by your parents ? +Munger doubled down AGAIN, soon big money is starting to flow in, and will prop the price up, everyone else will follow and bring this to 250-350 EOY, this is a once in a lifetime value investment in a country who’s median income is dramatically increasing, Baba is growing as the stock price is decreasing, the future is very bright, with an increase amount of customers, global expansion, while there customer base is becoming richer every year. + +All that aside, the value is PRESENTLY HERE, who TF cares about the future when it’s worth $300 a share now. China won’t destroy a company who it’s citizens rely on. + +They are trading at 16 PE, what a dream + +Why is it so low? Fear. + +Fear of what? China stopping trading or hampering future growth. + +First of, they won’t stop trading, just for kicks… what if they do? Our shares will loose volume drop in value transfer to new exchange and pick right back up. And still reach 300 without any fears left. + +China hampering future growth and breaking them up. Now this is more reasonable, but even if they slow growth, they are still TODAY valued at $300, china wants baba to succeed, they are asserting power over them, not trying to destroy them. It would damage their economy when they are about to eclipse the USA. + +People this is the PERFECT value investment. The fear is all over, overblown and we are at maximum opportunity and a growth stock, in a country in which is drastically growing. + +Foolish to think china will ruin baba. + +See u 250+ easily EOY + +Thank you CMARR!! +What is everyone’s thoughts about him? His content is good but claims he’s a value investor even though doesn’t perform any valuations (DCF, FCFF, DDM, etc) for his investments. +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%! +Private equity guy here just crossed the 7-figure income level. We welcomed our first kid late last year. Wife left her job to stay at home with the little man. + +Our boy had a rough start (NICU admission, bad colic) for the first few months but things are starting to get better. My job keeps me busy 60-90 hours a week. Wife and I both feel like we are drowning and I'm trying to figure out how to make things better. + +Mornings start at around 5AM due to our early waker. Wife takes care of him during the day, has 4 hours a week of help from sitter. Cleaning lady comes twice a month. Wife handles everything related to our son, the day-to-day laundry, home maintenance projects, grocery shopping/food prep. I wash bottles and finish dishes when I finish work, typically around midnight. + +We switch off nights putting our son to bed and taking the "early" shift. This lets the other sleep until 7AM instead of getting up at 5AM. + +&#x200B; + +I guess my question is this.... is it reasonable to expect my wife to pull more weight? When I was growing up, my father traveled for work constantly and my mom raised four kids with zero help. At the same time, we do have some extra income to throw at this problem. I do want to be judicious about it though... would really like to retire in 10 years or so. + +&#x200B; + +Any thoughts on the best way to approach this?! What do you all do with 1 kid? I imagine things will definitely change/get harder with two! + +EDIT: I’m getting a ton of flack here and I want to clarify a few things. +1) Wife seems to oppose the nanny idea more than I do. Doesn’t want to miss out on time with our son if he’s with someone else so much of the week. She has also expressed the same sentiment I shared… that being a SAHM shouldn’t be so hard. I get the sense she’s often frustrated she can’t make it all work. Figured you all could help me understand what you do in this arena. +2) She is budget conscious too… she manages finances, shops sales, uses coupons, doesn’t want jewelry or drive a high end car. We don’t want me working forever and that’s a common goal. +I had always toyed with the idea of working towards FI as soon as I finished my studies and got a job, but everything has rushed towards me now that I have had to leave my family home halfway through my studies due to escalating abuse. In a matter of days, I have become homeless, unemployed and have stopped being able to afford any kind of studies or attend classes due to not even having a roof over my head. + +A part of me is very dismissive of posting here because the predominant discourse revolves around having enough to be frugal, which means that you have enough money to choose to skip certain things, and I might just delete this post and never hit submit... + +I want to know if it's still possible to work towards FI, even if it's something I'm going to have to frame differently if I want to survive at all. If so, what can I possibly do? I feel lost, scared, I haven't been able to sleep more than an hour for several days. +Long story short… I was unemployed 2 years ago and felt like I was getting no where in life, my girlfriend had just given birth and i had around £15 in my bank. + +I had been applying for apprenticeships since i was 16 and had no luck with any until i hit 20, finally got an apprenticeship which i have now completed and i am earning £28k a year, I have read a couple of the recommended personal finance books and they helped change my outlook on things. + +I am now 22, I have a 2 year old son, £6000 in a S+S isa and £6000 in premium bonds and we have just bought our first house! + +I have just bumped my monthly payment to £500 a month to the S+S isa and am putting £40 a week into my workplace stocks. + +To be honest i’m not sure why i’ve posted this, 2 years ago i came across this forum and i honestly had nothing to my name and my girlfriend was about to give birth. I worked hard and saved hard and i feel like i am finally getting somewhere with my life. + +Thanks to this forum and everyone who contributes to it, you have changed my life. +> Saying the road ahead was “very difficult,” Tesla’s CEO Elon Musk said Friday that the company would be cutting its staff by about 7 percent.... +> +> Musk said Tesla hopes to post a “tiny profit” in the current quarter but a 30 percent expansion in its workforce last year was more than it can support. https://www.usatoday.com/story/money/cars/2019/01/18/tesla-workforce-reduction-model-3-production/2612566002/ +#Edit: I just want to thank everyone for the support you guys have been giving me in the comments! I truly appreciate it and I am greatful that this community is a really nice and caring one. I wouldn't want to go to the moon any other way, this sub is really something else. :) + +Hello fellow apes! Its been difficult finding something to properly write up about lately, but I think I've got some right now all things considered. + +By now, you may have seen posts like this floating around on reddit: + +https://www.reddit.com/r/Superstonk/comments/o0ctw1/eu_freezes_10_banks_out_of_bond_sales_over/?utm_medium=android_app&utm_source=share + +Here is a quote that I think helps effectively summarize an alternative article the OP of the post provided regarding this topic: + +"A spokesperson for the European Commission, which handles debt issuance on behalf of the European Union, said that banks found to have violated EU competition rules “will not be invited to bid for individual syndicated transactions. " + +#Wut mean? + +Basically, the articles were saying that the EU had to literally FORCEFULLY stop banks from participating in their bonds sales because of how ridiculous their borrowing has gotten, along with their history of market manipulation in the past. The fact that a lot of these banks are common names here in the US: JP Morgan Chase, Bank of America, Citigroup, etc. speaks volumes to how bad the fuckery has really gotten. + +I want to just elaborate a bit: these banks are trying to not just borrow bonds from the US, but ALSO from the EU just to try to fix their balance sheet and make their debt look a little bit more reasonable. The EU saw ahead of the disaster and took IMMEDIATE action to stop it, as they didn't want the fire to spread to them and screw them as well. + + Its quite clear at this point that they have fucked the system, but what have they been DOING exactly to fuck the system, and fuck EVERYONE except themselves just to keep themselves afloat? + +I refrence another article in the following paragraph, from this source: + +https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2004 + +Here is exactly what they have been doing, according to a European article speaking on the European commission fining banks like these for violating EU anti-trust laws (keep in mind, this was from April of 2021 and are regarding different bonds but multiple big name banks are probably still doing this overall): + +1. Logged onto multilateral/ bi-lateral chat rooms on Bloomberg terminals and knew each other suspiciously well despite being in "direct competition". +2. Because of how well they knew each other, they updated each other frequently on their trading activities. +4. They had at times agreed to hold back on bidding and offering in the market if it meant they would come into competition with each other. +5. They had split trades between each other to either combine or reduce their positions to meet a specific customer's request (the article doesn't specify on what customer in particular) without the customer themselves knowing they were dealing with more than one entity and thus in theory the customer's choices were limited. + +#Conclusion/TLDR: + +Basically, Bank of America, Merrill Lynch, Crédit Agricole, and Credit Suisse all aligned their trading activities in such a way that they acted as a SINGLE entity to manipulate the bonds market in April 2021 and got caught for it and fined. But remember, these were just the banks that GOT CAUGHT doing this. With the EU recently barring more big banks like JP Morgan & Chase and Citigroup from participating in their bonds sales it looks like they are suspicious of them as well in corroborating in market collusion to a similar degree. + +How many more banks are in on this collusion, acting as one big entity to further their own agenda in the market and fuck everyone else over, that has been happening for MULTIPLE years now? Is their debt so big now that they are preying on EU bonds and the EU realizes what could happen if these big name banks colluded in bonds sales together and spread their debt amongst themselves so they don't all go down together? I feel like when the whole truth comes out and more gets revealed regarding this it will possibly be the absolute WORST case of financial corruption in this "free market" in history. + + +#Post DD Message + +And as always guys, thanks for reading my posts! :) I know I haven't posted as much lately regarding DD and in all honesty the reasoning for that was because a lot of my DD would get debunked, and I felt discouraged to continue making more without stronger sources to back up my claims. I tried to make my DD a little stronger today, and I hope you guys have enjoyed reading it! Hopefully I can continue to improve more with DD in the future and make something really good in quality. + + +Sources: + +https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2004 + +https://quebecnewstribune.com/news/business/eu-freezes-bond-sales-of-10-banks-for-violating-antitrust-laws-18190/ +Vested has introduced "Vested Direct" -> An option to open a savings account with SBM Bank through Vested and make transfers to the Vested $ account without any remittance charges. It's super intuitive and drastically reduces the fees that we need to consider with investing directly in the US. + +All we do is make a NEFT/IMPS/RTGS transfer to the SBM Bank account and that shows up as INR Balance in Vested. We can then choose to transfer the amount to USD wallet. We pay FX Charges (Vested's rates look cheaper than what the banks offer) and GST + TCS if applicable. + +So this is great. I just tried it and it works exactly as advertised. Question is, is there a catch? What am I missing? This seems too good to be true. +Apologies if this is a dumb question, but wouldn't solar panels always be a profitable investment? All the calculations I see in regards to the profitability of solar panels look at initial cost Vs time to generate the same value of energy. However I never see any mention of the increase of house value getting solar panels provides. I would assume that installing solar panels would increase the house price proportional to the value of the panels, which would massively swing the equation towards installing them. + +Obviously this is only viable if (1) the property's roof gets sunlighg, and (2) the owner would ever be considering moving/selling their property. + +Am I missing something here? +Sauce: [https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001326380](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001326380) + +&#x200B; + +I calculated the amount of shares owned by insiders using the Edgar system to track insider trades. I went to their most recent Form 4 filings for each person outlined below and put their File Date to make it easier for someone to try and prove me wrong. If any of these names sold or bought GME...it would be reported to the Edgar system unless it hasn't been filed yet as the trade could have taken place in the past 10 days as that is the reporting timeframe for insider trades. + +Someone find where I am incorrect on the following data: + +&#x200B; + +Alain Attal 6/11/21 128,923 + +Bernard Raymond Jr Colpitts 0 as of 10/28/19 + +Catherine R Smith 2/4/10 94,233 + +Chris Homeister 4/14/21 388,357 + +Crawford Troy W 5/13/19 111,542 + +Daniel A Dematteo 5/12/20 328,074 + +Daniel Kaufman 5/12/20 201,155 + +Diana Saadeh-Jajeh 3/3/22 19,568 + +Edward A Volkwein 2/7/12 29,300 + +George E Jr Sherman 6/11/21 1,268,462 + +Gerald R Szczepanski 9/24/19 115,527 + +Frank M Hamlin 6/16/20 390,359 + +James A Bell 7/6/20 511,905 + +James Grube 6/24/21 2,023 + +Jerome L Davis 6/27/19 85,877 + +Jenna Owens 3/29/21 56,191 + +Julian Paul Raines 4/4/17 656,483 + +Kathy P Vrabeck 1/15/21 79,537 + +Kevin J Symancykv 6/12/20 37,289 - Chewy investor + +Kim Susan Y Trust of 1987 4,115,873 + +Lawrence S Zilavy 6/27/19 65,587 + +Lawrence Cheng 6/21/21 3,000 + +Lizabeth Dunn 1/15/21 57,258 + +Matthew Furlong 7/6/21 72,678 + +Michael Mauler 4/16/18 346,353 + +Michael Joseph DePinto President skipped out on 200,000 shares + +Michael Recupero 10/4/21 55,596 \*\*\*\*\*\*\*\*\* + +Michael P Hogan 4/4/17 174,818.023 + +Michael T Buskey 4/16/18 115,270 + +Paul J Evans 6/17/21 34,289 + +Ronald Freeman 3/26/08 42,000 + +R Richard Fontaine 7/10/15 238,534 + +Riggio Leanard 2/4/11 621,084 - Owner of Barnes and Noble which owned GameStop for a while + +Raul J Fernandez 1/15/21 29,289 + +Reginald Fils-Aime 6/12/20 33,752 + +Robert Alan Lloyd 5/13/19 534,056\*\*\*\*\*\*\*\*\* + +Shane Kim 5/31/19 112,011\*\*\*\*\*\*\*\*\* + +Stanley Steinberg 10/8/05 52,900 + +Stephanie M Shern 11/27/17 13,474 + +Steven R Koonin 4/16/20 25,271 + +Teffner Carrie W. 6/16/20 84,758 + +Thomas N Jr Kelly 6/27/19 64,921 + +Tony Bartel 4/4/17 412,132 + +William S Simon 6/12/20 37,289 + +Wolf Kurt James 4/1/21 50,689 + +Yang Xu 6/9/21 1,022 + +RC Ventures 1/10/21 9,001,000 + +&#x200B; + +&#x200B; + +For a grand total of 20,899,709 shares held by insiders. + +&#x200B; + +\*Edit to add TLDR which isn't actually a TLDR but additional information\* + +TL:DR + +I followed the same rule of only counting filings except for instead of Edgar it was on Fintel, and it was for Institutional ownership, ETF ownership, and Mutual fund ownership. + +Sauce for these numbers: [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) + +For Institutional ownership - I used the Effective date 12-31-21 (Most recent available) I added only long positions and did not subtract shorts nor did I include puts or calls. The date range used for the effective date was January 1, 2022 till today 3/17/22 not including any from today\*. + +31,836,204 shares held by 466 of the 588 current institutions with GME holdings. Please note - 537 institutions are long only and these are only 2 1/2 months of transactions. + +For ETFs- I used the Effective date 12-31-21 (Most recent available) I added only long positions and did not subtract shorts nor did I include puts or calls. The date range used for the effective date was January 1, 2022 till today 3/17/22. + +3,919,315 shares held by 59 of the 125 current ETFS with GME holdings. + +For Mutual Funds - I used the Effective date 12-31-21 (Most recent available) I added only long positions and did not subtract shorts nor did I include puts or calls. The date range used for the effective date was January 1, 2022 till today 3/17/22. + +6,620,185 shares held by 74 of the 164 current mutual funds with GME holdings. + +SO 8,900,000 DRS + 20,899,709 shares held by insiders + 31,836,204 shares held by 466 of the 588 current institutions with GME holdings + 3,919,315 shares held by 59 of the 125 current ETFS with GME holdings + 6,620,185 shares held by 74 of the 164 current mutual funds with GME holdings + 1.3 million restricted shares (according to the Q4 22' 10-K Page F-17) = 73,475,413 + +(10-K Cover Page) Number of shares of $.001 par value Class A Common Stock outstanding as of March 11, 2022: 76,339,248 + +76,339,248 - 73,475,413 = 2,863,835 shares left of the shares outstanding just using reported numbers from 2022. + +&#x200B; + +\*Some institutions can still trade their holdings freely so you can't include that as exact as it is. Also, certain institutions can report as beneficial owners for their subsidiary mutual funds and ETF funds. + +\*not including retail if it wasn't settled as DRS'ed by Jan 29, 2022, no information from 90 Mutual funds that currently hold GME, no information from 66 ETF's currently holding GME, and no information from 122 institutions that currently hold GME.\* + +\*Breathing Intensifies\* + +&#x200B; + +Edit 2: Clarification on data findings - The free float is all outstanding shares excluding Insiders, restricted, and I count DRS but I don't know that we should. (Shares Outstanding) 76,339,248 - (Insiders) 20,899,709 - (Restricted stock/Restricted stock units) 1,300,000 - (DRS) 8,900,000 = Free float of 45,239,539 + +&#x200B; + +Edit 3: Please read Edit 2. + +&#x200B; + +Edit 4: Include section about institutions having beneficially ownership. + +&#x200B; + +Edit 5: u/lawsondt provided an imgur of a snip of a bloomberg [https://imgur.com/aAr8fbX](https://imgur.com/aAr8fbX) **: Added \*\*\*\*\*\*\*\*\* to Mike Recupero, Robert A Lloyd, and Kim Shane S as according to this bloomberg they are no longer holders. I will be attempting to verify this snip of a bloomberg today with facetime and a UBS friend.** +Other exchanges cost this much: + +* Kraken withdraws are 0.0017 ETH (about $2) +* Gemini withdraws are 0.001 ETH (about $1.6) +* Binance withdraws are 0.008 ETH (about $13) + +It's no secret some exchanges have high fees, but no other exchange runs a copy-paste of ethereum like binance, where they control all the nodes. + +Binance says _"hey it costs 600% more here to withdraw your ETH, but if you "withdraw" (bullshit) onto our ethereum copycat then it only costs$0.15 cents!!!"_. + +This is complete bullshit because it's literally not technically possible to "withdraw" ethereum on another network. You're *CONVERTING* your ethereum to their shitty centralized ethereum ripoff network instead. + +tldr; Binance is creating high withdraw fees on ethereum, and misusing the word "withdraw" to trick users into converting their ETH into their shitcoin so they can pump it and their centralized ethereum copycat. +A friend of mine has recently purchased (well, partially paid up front and partially leased) an expensive car, which I think was a very bad financial decision. He didn't even had enough money to complete the first payment to get the car, so he had to borrow some money from family and friends . I think this is super ridiculous. I mean, why would you ever buy something if you don't have the money for it? + +Aside from that, cars are not only expensive in purchasing, but also in maintenance. The reason of purchasing was because he had to drive a lot to his work, which made it even sound more ridiculous to me, since it damages the car everytime you go to work, consequently reducing the worth of the car and therefore your financial situation. He argues that he values the comfort and quality.... + +I know that everyone has different interests and hobbies, but I wanted to gain some insights from you guys about how you think of this. **Do you think it is worth to buy an expensive car (let's say a Mercedes-Benz, BMW or Audi) with just a few options? Or would you rather buy a less fancy car with full options?** +This is my first full year of employment and I did not know over contribution was a thing (why do they even let me keep putting away money?) what do I do now? + +Edit: found out that I've been taxed on everything over the limit + +Edit 2: All of you have been really great and I appreciate all the support and help everyone has given me, I had no idea the depth of my ignorance, and I cannot state the depth of my gratitude. You are all heroes, thank you all so much for everything. +The major issue here is chasing. The internet is full of pumpers and dumpers. If you haven’t taken a position in a ticker before a run (by dint of careful information digging and due diligence) it is almost not worth investing in a stock that is running up like crazy. + +You might get lucky and see your money swell, but the more it gets into overbought territory the bigger the chances profit takers take money off the table + +Other things to consider are that a company like genius with no healthy revenue - their only way of funding themselves is via dilution - secondary offerings, warrants, shelf offerings, Gypsy swaps - full of tricks to arrive at the same outcome - depreciate shareholder value. + +This has bitcoin written all over it. 20 people make a ton of money, 200 people caught a falling knife. Don’t buy a stock because someone pumped it - at least pull up the financials and pretend to read it or go to fintel site and look up things like filings, insiders, institutional ownership etc +I am very close to buying a house with my wife and my downpayment is far larger than hers - about 10 times more. I was wondering if someone here has been in that situation and if you did a fair split in ownership of the house on purchase and how that worked. I just want to own a bigger percentage based on my downpayment on paper, after that we are splitting everything equally.The mortgage broker was talking to us about an insurance that if one of us dies the insurance pays for the mortgage and the other person keeps the house, and I am also wondering if doing a "fair split" would also affect this insurance, if anything were to happen to me, I want to ensure she keeps the house. I was asking the solicitor but I didn't get much of a clear answer, it seems that this is an odd request? (I don't know why) + +In reality I am pretty sure everything would be fine and we would never need to exercise that split or that it would be a moot point if we were to have kids later. However you never know in life, if things were to go south in six months, I wouldn't want to part with half of my savings overnight, as that would make a breakup twice as sour. +\*\*\*PLEASE DON'T LAUNCH YOUR OWN SURVEY FOR THE U.S. USING GCS ... A LOT OF PEOPLE ARE DOING THIS AND IT MAY OVER-SATURATE THE PLATFORM AND START IMPACTING RESULTS.\*\*\* + +*\*\*\*None of this is financial advice. I am not a financial advisor. My personal approach to investing in GameStop is to buy using a cash account at a reputable broker, to only invest what I am comfortable losing, and to strictly use a Buy and Hold approach. I also try to be a loyal customer of GameStop, making GS my preferred retailer for any product they might sell.\*\*\** + +I have a bit of a revisions to this post impacting the 400MM number. + +\*\*\*\*\*I've conservatively revised the number from the survey to account for coupled housholds (married or cohabiting). Details in edit #4 below (and at end).\*\*\*\* + +Net revision, using new assumptions: + +**Survey results suggest minimum of 127.57MM shares for U.S. adults. I realize it's a big revision, but here's how I got there.** + +**This revision (which accounts for couple-led households, as explained below) is very conservative as it does not count scenarios where both partners own GME, or situations where households are led by roommates. In other words, a roommate would likely not say they own shares based on their roommates ownership, whereas a husband or wife conceivably could). This also assumes every non-owner in a couple would answer affirmatively to ownership (I removed half of all individuals in coupled households from the sample size, even though some might answer no if it is their partner would owns shares, but not them. So this revision is the most conservative approach I can take to this consideration.** + +**Edit #4: IMPORTANT UPDATE** + +So **I just thought of something. I'm using 209MM adults, but it is possible for someone in a couple to get this question, and answer yes for the couple. So 209MM needs to come down, probably by half of the total coupled-households in the U.S. This is very conservative since I know there are probably plenty of households where both spouses own GME, and they are discounted completely.** + +**About 150MM people live in a coupled-household in the U.S., and 59 million live alone. So instead of 209MM, a better number to use is 75MM (half coupled HH) + 59 million singe=134.24MM.** + +**This would also affect the ownership %, which should be cut in half. So use 2.665%.** + +**2.665% of 134.24MM is 3,577,496 owners x avg. shares of 35.66=127.57MM shares for U.S. adults (ignoring married households where both spouses own shares, and completely ignores anything about 101).** + +**TL;DR is at the end, but for anyone who is interested, here’s the scenic route …** + +A little more than a week ago, I created a Reddit post that suggested at LEAST 125 million shares of $GME were owned: + +[https://www.reddit.com/r/Superstonk/comments/nueo4y/evidence\_supports\_at\_least\_125000000\_gme\_shares](https://www.reddit.com/r/Superstonk/comments/nueo4y/evidence_supports_at_least_125000000_gme_shares) + +The post was an aggregate of the most current, publicly available data, including institutional ownership, ETFs/mutual funds, insider ownership, etc. I also included U.S.-based household ownership, but I had to use some estimated numbers but for the simple fact that these numbers simply don’t exist publicly (namely % of ownership among the population and average shares held). + +Even though I took a strictly conservative approach to these estimates (individual ownership), and even though the complete removal of this number still left an ownership level of greater than 100 million shares, I strongly suspected the U.S. individual investor number was wildly off. In other words, this number wasn’t good enough for the people who read and commented on my post, and, quite frankly, this number wasn’t good enough for me either. Therefore, I decided to build a very basic research project to better model the ownership of $GME shares among the U.S. adult population. + +# My Thesis: + +More than 75 million GameStop shares are owned by individual investors in the U.S. alone. + +# My Methodology: + +To prove this thesis, I opted to model individual investor ownership among the U.S. adult population by conducting a randomized, representative survey using Google Consumer Surveys (GCS). The U.S. adult population (209 million strong) is widely believed to be the largest block of individual retail investors. Therefore, the premise of this research is that if data can conclusively demonstrating ownership of 75 million shares or more within this single cohort, it would constitute proof of more than 75 million shares owned among the whole of the world. + +More about Google Consumer Surveying: [https://marketingplatform.google.com/about/surveys/](https://marketingplatform.google.com/about/surveys/) + +&#x200B; + +**What is Representative, Randomized sampling and why does it make sense for this project?** + +Representative sampling allows researchers to understand the behaviors and/or characteristics of a population by identifying the behaviors and/or characteristics of a subset of the population. In the case of this research, this was done through a randomized, internet-based survey that asked a very simple question about the status of $GME share ownership. + +Results from this survey to draw conclusions about the behaviors and characteristics of a wider group, in this case, the whole of the U.S. adult population. In combination with randomized sampling, it’s possible to understand things about a population of millions by surveying only hundreds or thousands of individuals. + +Representative, randomized sample is especially valuable to simply, binary data (do own, don’t own), as well as grouping (how many shares owned). Given this, and the affordability of GCS as a surveying tool ($.10/sample), this approach was sensible. + +GSC also makes crowd-sourcing of additional data easy and accessible to everyone (more on this in the Criticisms and Biases section). + +More about Representative and Random Sampling: + +[https://www.investopedia.com/ask/answers/042915/whats-difference-between-representative-sample-and-random-sample.asp](https://www.investopedia.com/ask/answers/042915/whats-difference-between-representative-sample-and-random-sample.asp) + +&#x200B; + +# The Results of the Survey: + +https://preview.redd.it/3mtmyrgk2x571.png?width=2562&format=png&auto=webp&s=6c70615f70c247b00ec0c9fafd21acde17305ae6 + +https://preview.redd.it/mszu5gfh2x571.png?width=2252&format=png&auto=webp&s=8dba2d38b2f3f9b15333d81df696a349f58354df + +https://preview.redd.it/8apz5wym2x571.png?width=1370&format=png&auto=webp&s=31691596293a8ea257a373b4f68ef85a1671233e + +https://preview.redd.it/kt2o2j3x2x571.png?width=526&format=png&auto=webp&s=dd04b5a022692f5bb576c8e3e59f4688f16ac4f0 + +# What do these results mean? + +Among the 300 survey responses received (U.S. adult population-based), results suggest: + +• 5.33% of respondents indicated they currently own shares of GameStop + +• 1% of respondents indicated they don’t currently own shares of GameStop, but have in the past + +• 93.66% of respondents indicated they have never owned shares of GameStop + +When extrapolating these numbers to the wider U.S. adult population of 209 million, the inference is: + +• 11.15 million U.S. adults currently own shares of GameStop + +• 3 million U.S. adults owned shares of GameStop at some point in the past, but not currently + +• 195.76 million U.S. adults have never owned shares of GameStop + +Ownership was only one component of the survey. Participants were also asked to indicate their level of ownership by selecting from one of five buckets of shares owned (5 or fewer, 6 to 20, 21 to 50, 51 to 100, 101+). Using a midrange for the first four buckets (2.5, 13, 35, 75), and using an ultra-conservative cap of 101 for the fifth bucket\* (important details about this in the Criticisms and Biases section), we can arrive at an average number of shares held among individual U.S. adult population shareholders: + +(17.5+39+35+75+404) shares/16 owners = 35.66 average shares owned\* + +**To extrapolate these results to the wider U.S. adult population (209 million) … the survey data suggests there are 11.15 million $GME owners among the U.S. adult pop. with an average of 35.66 shares per owner. By multiplying the number of owners by the average number of shares owned, indications are that at least 397.61 million shares of GameStop are held by U.S. adults. Given the inherent biases in the study’s design (discussed below), I present the above number with a high level of confidence.** + +# Let me repeat that one more time ... indications of this research are that at least 397.61 million shares of GameStop are held by U.S. adults. This is a lowball estimate, and you'll see why below. + +# Criticisms and Biases + +It is very difficult to design a study without bias, especially when working with limited time, resources, and funds. Bias can occur at any stage of a research project, including how the study is designed, written, conducted, etc. This research is not without room for criticism, and it definitely includes bias (by design in some cases). + +All this said, it’s important to recognize how biases can impact the outcome of a research project or even a particular survey. Below are several biases and criticisms I observe with this research. In reviewing and considering this work, if you discover any others, please drop a comment and let me know. + +**The Impact of Bias** + +The impact of bias on data, particularly in representative surveying, can result in one of two things: overrepresentation or underrepresentation. Sometimes it’s possible to understand the impact. In fact, sometimes it’s possible (and good research design) to intentionally build in specific bias in order to produce conservative results. This is particularly useful in trying to prove out the thesis of this particular research, that is, determining whether ownership of GameStop shares is above or below 75 million shares. + +As an example of the impact of design bias, if I want to know how many people in the U.S. play Fortnight using a representative survey, and I have a sample of 100 people, but 80 of them are ages 65+, I have a strong age bias as this isn’t representative of the total population. Furthermore, the results will likely be skewed to the downside since the ages 65+ cohort is less likely to play Fortnite than an ages 18-24 cohort. + +**Specific Criticisms and Biases** + +There are several criticisms and biases to be highlighted regarding this research. Let’s go through them one at a time: + +\-- **Google Consumer Surveys Platform** + +GCS is usually used for determining consumer preferences … things like do you prefer this or that product, this or that packaging design, etc. GCS is incentivized, meaning survey participants are rewarded for completing a survey (in this case, access to premium content and Google Play credit. This creates the potential for participants to “no brain” their responses, which has the potential to skew results, or generate inaccurate results. + +In the case of this research, I believe the potential for this impact is minimal. For one thing, “no-braining” usually results in an abnormally high number of top-of-the-box responses. In looking at the distribution of the responses received, this doesn’t seem to be the case. Distribution is sensible. One might reasonably expect 7 individuals to own 5 or fewer shares in a population of 16 total owners. + +\-- **Sample Size (Yes, more Is better … and there’s a plan for that!)** + +A lot of people might be surprised by how few samples are required to accurately model even the largest of populations. In fact, there is not much of a difference in margin of error between 1,000 samples and 10,000 samples when modeling a population of 100 million or more. It should be highlighted that this is not scientific research, and we’re not necessarily seeking a high level of precision in the data. A margin of error of 4-6% is certainly acceptable given the “tip of the iceberg” nature of the research, and the aims of the original thesis. + +That said, this research includes the participation of 300 individuals. Assuming a confidence level of 95% (meaning 95 of 100 survey respondents will provide a truthful and accurate response), this research has a margin of error of 5.66%. + +But it is never my intent that this be the final data set. In fact, I’ve already launched a separate survey, targeting another 400 samples. Below is a snapshot of this second survey in progress. As you can see, the results are strikingly similar to the results of the previous 300 samples. Ownership is clocking in at 6.45% (compared to initial results of 5.33%) and average shares owned of 34.18 (compared to initial results of 35.66). I will combine these results with the original 300 and update this post once this second survey completes (I'd guess 3-5 days from now). + +[Round 2 In Progress ... Here are the first 217 of 400 responses being collected now.](https://preview.redd.it/mhsv6jlb3x571.png?width=1988&format=png&auto=webp&s=434c6cd44d25531e4f2c6cad4c9446530d711188) + +Furthermore, I encourage anyone who is interested in this project to consider conducting their own surveying using GCS. It only requires a Google account and a credit card. Each sample is $.10, so $10 per 100 samples. Not only will this provide individuals with the data to validate my results, but individuals can also choose to send their data my way. I can validate it against mine, and if it checks out, I can then add to the 700 responses I will soon have in hand, thus increasing the overall dataset (and lowering an already low margin of error). If this is something you are interested in doing, please first reach out to me and I will coordinate interested parties as we don’t want to overwhelm the GCS platform with GameStop surveys. + +In all honesty, the existing dataset provides me with a very high level of confidence that hundreds of millions of shares are owned by U.S. investors (to say nothing of foreign investors, institutional investors, etc.). While I feel n=700 is an appropriate sample size for this type of research, I imagine 1,200-1,500 samples would satisfy even the most bearish critic (assuming they understand how surveying and statistical analysis works). + +**-- Sample Bias (Age)** + +This was briefly touched on earlier, but as seen below, there is some bias in terms of age. This bias likely has resulted in an underestimation of ownership since the age group over-represented (55-64) is less likely to own shares in GameStop than the group underrepresented (ages 25-34). I suspect the impact of this bias is moderate. But again, this bias is likely to result in the "shares owned" conclusions to be a smidge lower than it would be if there was no age bias in the survey’s sample group. + +https://preview.redd.it/s0joi08q6x571.png?width=1700&format=png&auto=webp&s=6bb5478860e55d5db544582cc7358c0cc4140236 + +**-- Sample Bias (Gender)** + +Like the example above, there is a slight overrepresentation of males compared to females in the survey’s sample group. Males are more likely to own shares in GameStop than females, so this is likely to result in an overestimation of ownership. Again, I suspect the impact of this bias to be minimal as the bias (see Bias Table above) is only +/- 3.7%. + +**-- Collection Method Bias (Google Consumer Survey)** + +In order to participate in a GCS, a person needs to be online. Although the vast majority is online, this is still a consideration as we can assume individuals with no access to the internet are less likely to be individual shareholders in any company, let alone $GME. Given how ubiquitous internet access is among the U.S. population, I’d assume the impact of this bias is completely negligible, but I point this one out only as a matter of thoroughness. + +**-- Question Bias** + +This is a big one! If you notice, I cap the question of ownership share count at 101+. This is entirely intentional (remember, "tip of the iceberg" design). This also means the average number of shares held is a lowball number (perhaps big time). In the 300 samples, there were 4 individuals who indicated they owned 101+ shares of GameStop. Consider this ... if just one of these individuals owned twice the capped shares, so 202 (let's just assume the only 3 owned exactly 101 shares), the average share calculation moves from 35.66 avg. shares owned to 41.97 avg. shares owned. Now imagine if one of these four individuals might own 2,000 shares. All this is to say, regardless of how many they own, the average shares owned calculation doesn't factor in anything beyond 101 shares, meaning the **average shares owned is definitely a lowball number (and could be greatly low-balled)**. So definitely know that the numbers I am showing here are "at minimum" numbers. + +Obviously, the above biases can result in either overestimating ownership or underestimating ownership. The table below shows what the implied effect is of each of the above biases: + +https://preview.redd.it/fagt3x2p3x571.png?width=870&format=png&auto=webp&s=d383d2faa76c9aa26fc4affd3fafa29589579682 + +**What to Expect in the Comments** + +When I first started gathering this information, I posted an early result (I think about the first 98 responses). I did this for a couple of reasons … first, I was excited by the results and what they implied, and I wanted to share them with others. Second, I wanted to understand what some of the criticisms might be. Of course, the sample size was a big one. Again, I don’t think most people realize how effective a sample of only a few hundred is in modeling even a large population. That said, I accept this criticism … the plan was always to conduct more surveying myself, and also invite others to do the say (crowdsourcing, yeah). + +There was also a bit of criticism of my holding the methodologies close to the chest. I did this because I did want to risk a flood of other $GME surveys hitting the GCS platform and potentially skewing my results. So there were several questions about the design and rigors of this research, and I hope I’ve answered those questions here. + +But aside from these very valid and reasonable comments and questions, there was some clear shilling going on. I’ve made several posts as these results have come in, and I’ve had several private messages in which people are requesting that I give up conducting this research. The arguments I’ve heard are varied, from there is no value to what I am doing to this sort of research proves nothing. I’ve even heard the argument that I’ll be giving away valuable information to short hedge funds. To these criticisms I say this … yes, there is value to this research … this is quantitative data that provides a high level of confidence. In fact, if the trends hold in the data across a sample size of 1,000+, I feel 100% comfortable calling these results conclusive. In fact, I feel pretty confident of this sort of a statement already — but would always welcome more data. + +At any rate, if you have a criticism to make of this project, please do so. But be clear about what is wrong and suggest how it might be improved (I know, more samples). Please refrain from comments like, “This means nothing,” or “This doesn’t prove anything.” Those sorts of statements are, well ... both shilly and silly. + +&#x200B; + +# In Conclusion + +There is obviously a lot of different ways to slice this data (want to know which age group was mostly likely to paperhand at some point in the past, etc.), and I may dive deeper at some point. In the meantime, I welcome any constructive criticism, as well as inquiries from anyone interested in contributing their own data set. + +In case there are any questions about my background, I routinely design and conduct consumer-based research as a part of my job. I have created hundreds of surveys and surveyed hundreds of thousands of individuals over my career. But this one has been a lot of fun, and I'm happy to be able to finally have some hard data to back up the claim that there are more owned than Outstanding when it comes to $GME. We all already knew this to be true, but now we have some hard data to back it up. And as we hopefully grow this dataset, no one will be able to deny the truth. + +................................................ + +**Too Long; Didn’t Read (TL:DR) —** + +................................................ + +**Extrapolating results from a randomized, representative consumer survey of 300 U.S. adults infers a minimum of 397.6 million shares of GameStop are owned by the wider U.S. adult population. Total Outstanding Shares of $GME is roughly 75 million.** + +I created a randomized, representative survey using Google Consumer Surveys, collecting 300 responses to model $GME ownership among the U.S. adult population. I intentionally designed the survey to produce extremely conservative results, anticipating the best approach was to design something that intentionally underestimated ownership. I call this the “tip of the iceberg” approach. In other words, if research results can show ownership of more than 75 million shares among only a single group, surely the ownership among all groups greatly exceeds the total available shares of GameStop (about 75 million). + +Among the 300 (U.S. adult population-based) survey responses received, indications are: + +https://preview.redd.it/d2dv29olx7671.png?width=1630&format=png&auto=webp&s=e603161a760fe08e0d1ed0292d0c34b23ec928f0 + +5.33% of respondents indicated they currently own shares of GameStop + +1% of respondents indicated they don’t currently own shares of GameStop, but have in the past + +93.66% of respondents indicated they have never owned shares of GameStop + +When extrapolating these numbers to the wider U.S. adult population of 209 million, we arrive at these numbers: + +11.15 million U.S. adults currently own shares of GameStop + +3 million U.S. adults owned shares of GameStop at some point in the past, but not currently + +195.76 million U.S. adults have never owned shares of GameStop + +Ownership was only one component of the survey. Participants were also asked to indicate their level of ownership by selecting from one of five buckets of shares owned (5 or fewer, 6 to 20, 21 to 50, 51 to 100, 101+). Using a midrange for the first four buckets (2.5, 13, 35, 75), and using an ultra-conservative cap of 101 for the fifth bucket\* (important details about this in the Criticisms and Biases section), we can arrive at an average number of shares held among individual U.S. adult population shareholders: + +(17.5+39+35+75+404) shares/16 owners = 35.66 average shares owned\* + +\*Due to the intentional cap of the fifth bucket at 101, this average is undoubted far below the actual number. In other words, if someone who selected 101+ actually holds 280 shares, only the first 101 shares are being factored into the above average. Accordingly, it’s easy to see how the above average is strongly biased toward an underestimation of shares held. + +To recap, the survey data suggests there are 11.15 million $GME owners among the U.S. adult population with an average of 35.66 shares per individual. Therefore, we can multiply the number of owners by the average number of shares owned, and we can confidently model that a least 397.61 million shares of GameStop are held by U.S. adults. + +**Again — extrapolating the provided survey results, data strongly suggest a minimum of 397.6 million shares of GameStop are owned by U.S. adults. Total Outstanding shares of $GME is roughly 75 million.** + +.................................. + +Edit #1: I've had someone reach out via PM and let me know they are running a 1,500 sample on Google Consumer Survey with this survey. I still have one running to finish up my 400. So there will soon be a sample size of 2,200. Until at least my 400 sample completes (maybe a few days), I don't know that any additional GCSs running will be of great benefit (don't want to overrun the platform). But if you are interested in queuing up, just let me know. Someone in the comments mentioned data from other platforms, and I think that's smart. But like GCS, wouldn't want to overrun a platform. + +.................................. + +Edit #2: I've had a couple of people reaching out to ask if they can see the results. Here's the link for the survey that's currently collecting, as well as the initial survey, if anyone is interested: + +First survey: + +[https://surveys.google.com/reporting/survey?survey=sv2uhkuhypyl6olmiokx2zzkma](https://surveys.google.com/reporting/survey?survey=sv2uhkuhypyl6olmiokx2zzkma) + +Currently running survey: + +[https://surveys.google.com/reporting/survey?survey=gei6t23feekehqpuxr5woosr5a](https://surveys.google.com/reporting/survey?survey=gei6t23feekehqpuxr5woosr5a) + +Just make sure you view the unweighted (raw) results. Simply click on the survey, then click the Raw Slider: + +[We only want the Raw counts ... we're not concerned with weighted results for this specific research.](https://preview.redd.it/aeq5dok4x7671.png?width=1188&format=png&auto=webp&s=57c9f3d427e578414fd7a7a774c436b1efda6898) + +I also had several people reach out with idea of running this survey in different countries, or for a different stock ($AMC specifically). I think both of these ideas are good, although I am probably tapped on the resources I'm putting toward this (honestly, I've already seen all I need to see -- this is conclusive evidence in my mind). As I mentioned in my note back to this particular individual, it will be important to adjust the buckets logically for another stock according to its total outstanding shares as compared to GME (i.e., AMC has something like 8X the outstanding shares as $GME, so the first questions should be 40 or few shares, and of course, all other share buckets would have to be adjusted accordingly). + +One other thing ... someone reached out and had launched this survey in Canada and it was rejected because it was a financial question. Google has a review process for these surveys, and I haven't run into any issues here in the U.S., so the laws may be different according to country/region. If you try to launch a survey in a country other than the U.S. and it is rejected, I'd appreciate it if you could drop me a line, as I am curious about this. + +............................ + +Edit #3: u/dlegal has started a survey of 500 for the Canadian population. The survey isn't complete yet, but here's the public link: [https://surveys.google.com/reporting/survey?hl=en-US&survey=4dluebb6uk2lrdhatugzmxhoia](https://surveys.google.com/reporting/survey?hl=en-US&survey=4dluebb6uk2lrdhatugzmxhoia) + +As things stand at 240/500, the ownership rate is 12% (expect this to come down as more results come in) and the average shares held is 36.9. The adult population of Canada is 30.9 million. Extrapolating the 12% provides for about 370.8K $GME owners among Canadian adults. So with an average of 36.9 shares, that's roughly **13.68MM shares held by Canadian investors**. + +.......................... + +Edit #4: IMPORTANT UPDATE + +I did just think of something. I'm using 209MM adults, but it is possible for someone in a couple to get this question, and answer yes for the couple. So 209MM needs to come down, probably by half of the total coupled-households in the U.S. This is very conservative since I know there are probably plenty of households where both spouses own GME, and they are discounted completely. + +About 150MM people live in a coupled-household in the U.S., and 59 million live alone. So instead of 209MM, a better number to use is 75MM (half coupled HH) + 59 million singe=134.24MM. + +This would also affect the ownership %, which should be cut in half. So use 2.665%. + +2.665% of 134.24MM is 3,577,496 owners x avg. shares 35.66=127.57MM shares for U.S. adults (ignoring married households where both spouses own shares, and completely ignores anything about 101). +His tweet, mere minutes ago: + +"Ask not what your company can do for you - ask what you can do for your company" + +Now, keep this in mind while you read this section from the latest Gamestop official news site on the stock split (and them describing exactly what happened) : + +"We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +(source: https://news.gamestop.com/stock-split/?) + +Guys. + +GUYS! + +Ryan is practically *yelling* at us! + +Contact your brokers! Ask them what is going on, be respectful and kind to the people on the phone, but make them aware of what is happening. Ask them about how they handled the splividend. Ask them about where your shares are, should you have a'y issues whatsoever. Call them, email them, just contact them! + +And moreover, DRS your shares!! The news article even specifically mentions how DRS'ing your shares could have had an impact on your broker's distribution of shares. + +My fellow smooth brains, Ryan is asking every single investor a very simple question: + +What can you, yes YOU, do right now to help out the company you're invested in? Ask yourself? + +And you know what? This company *told you*: +1) Contact any brokers that have issues with GME shares, make them aware of the situation. + +2) Highlight and remember where the mistake most likely lies (the DTC per the GME news website) + +3) DRS your shares! +I have no children yet but I always hear from others that once you have children (or are planning to have them soon), you need to get a bigger house, bigger car (SUV) etc. Do you really have to? + +If I have a 2BR apartment and have a regular sedan, will I be compelled to trade up? I only plan to have 2 kids max, ideally only 1-2 years apart. Do young kids even need their own rooms? I can see it being an issue once they're 7 yrs and older and want their own space. + +I grew up overseas where small spaces were the norm and not everyone had cars, so I'm curious what it's like to raise children here in Aus. + +What has been your experience? + Seriously, Nancy Pelosi averages 10x returns per year in the stock market but Congress is too busy with shitting on Crypto. Hypocrisy at its finest. Oh, I forgot, maybe most congress members are making inside tradings. Maybe thats why they don't give a f\*ck about its members insider trading suspects and they are dealing with crypto instead. + +>AOC pushes back on Pelosi: 'No reason members of Congress should hold and trade individual stock' + +Another headline; + +>Pelosi said it's fine for lawmakers to trade stocks. She's wrong. + +The System is fucked up. +I am seeing an influx of people pushing VERY hard. This sub has a history of pump and dumps. Don't get duped, always do your research! + +Edit: Not saying that this is a bad/illegit company; I want a Canadian company to succeed too. But, what I don't want are people taking advantage of others. Don't be mistaken that this company will be the next Beyond. Beyond was pretty popular before it even IPO'd. They had a legit R&D laboratory, dealings with fast foods, backing of Silicon Valley VCs, and IPO'd on a major exchange. Whereas this brand, I only heard of it just now. If you are ever tempted to fall into the trap, just look into WILD and GNUS, and where they are now. +I really wanted to believe in the project because it sounds awesome on paper but too many things turned me off in this past week. + +David is way too unprofessional on the forums and on twitter. + +The live meeting tonight was presented from a phone camera with terrible angles and some of the people answering questions didn't seem all that confident. + +No solid wallet + +IOTA network having problems + +No real partnership with Microsoft + + + + +It’s misinformation at best, unethical at worst, and FUD nonetheless. I don’t think OP was aware of the misinformation they were spreading. It’s up to ALL us apes to catch these things before it circulates, like the post did. Let’s begin. + +———————————— + +This post is all thanks to /u/PsiGhost, who originally commented here. Made it into a post for visibility. This is also the original post of the red barcode-style image. + +https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell_1000_1_min_chart_wtf_is_this_i_have_never/h3d72nn/ + +———————————— + +So, by now, you’ve been searching all day on /r/Superstonk for some fresh memes, speculation, or DD to confirm your bias. You know, the usual. + +Of course, you saw the “WTF” post about the Russell 1000 (RUI) indicating irregular behavior, that much looks like a murder scene or a red barcode. You may have even gone deeper: when did this start? Does it correlate with GME? T+# dates? Banks and RRP? + +Well, I hope you didn’t spend too much time dawning on that murder scene, as it is misleading and misinformative (again, thanks to /u/PsiGhost for pointing this out in the original post). + +The picture you saw was of the [CFD](https://i.imgur.com/ArZmpUB); not RUI itself. As you can see, there is the true Russell 1000 index (2nd result) and the RUI CFD (shown in the original post with nearly 9k upvotes) is the first result. + +For those that don’t know (like me), CFD’s aren’t assets to be owned, and are actually trading instruments; OTC derivative contracts traded, using margin, based on the current spot price. There are some key differences between stocks and CFDs that’s easily found and explained on G oogle. + +———————————— + +So, yeah, long post to basically say /r/Superstonk got **bamboozled**, most likely unintentionally by OP. Keep your heads up, and your tits jacked. It’s no time for bullshit and apes must be analytical, logical, and diligent about speculative posts. If we all just eat up pictures and data without verifying the info ourselves, how does any smooth-brain expect to survive MOASS? + +The true Russell 1000 index is looking fairly normal on WeBull 1min (credit to /u/PsiGhost again for this find and link) https://imgur.com/a/2Idru5W. Edit 2: by normal, i mean it doesn’t look like a giant murder scene on the chart + +———————————— + +**TL;DR**: Russell 1000 (RUI index, not CFD) looks fairly normal. The OP that posted the “WTF” post with red barcode all over the screen, like someone was stabbed, likely was unaware that was the wrong ticker. + +~~This post is **NOT** meant to bash OP or anything. But, it’s frustrating (and frankly cringe) to see a lot of /r/Superstonk gobble up and spread misinformation like wildfire.~~ this comment may have been a bit too frank and rash. Apologies. + +I mean, seriously, I felt like this post was needed because /u/PsiGhost’s comment was going to get seriously buried in the weird variety of panicking and fearmongering comments in posts about RUI CFD. +On March 11, the NBA announced they would suspend the season. Within a week, the other major sports had followed and the airliners, entertainment industry, retailers and others began closing down. + +Number of confirmed cases in the US when the NBA shut down: 1,300 +Deaths: 38 + +Unless a majority of the US population is immune (antibodies or vaccinated), why would it make sense to open up the economy again before the numbers are lower than that? Wouldn´t it just unleash the same spread of the virus again? + +May or even June seems way too optimistic for a reopening of the economy. +I made it successfully for one entire week of not buying anything. + +It was enlightening. Heres the top 7 things I did NOT buy + +1. Number one thing i wanted to buy, but did not need, was.... ALCOHOL AT BARS. Approximate total that I would have spent was $36. I did make myself many mystery cocktails this week using what was in my bar at home. + +2: SNACKS. I used a few recipe sites to find out what I could make at home usong whats already in the cupboards. Turns out, it was A LOT. + +3: ice cream. I have a thrifted ice cream maker. I had eggs. I had sugar, milk, and just a smidge less cream than the recipe called for, but this is easily the best ice cream Ive ever made anyway. + +4: Uber rides. I walked. I realized most of my rides were under 2 miles. So i walked. I lost 2 lbs this week and saved about $30. + +5: cat toys. I spent an hour hot gluing the feather toys back together and my cats did not notice they were not new. + +6: laundry: i have a portable washer. I hung my clothes to dry. Laundry was free mc free all week. + +7: books and movies: HELLO LIBRARY!! + +ZERO ZERO ZERO DOLLARS. + +These are just the 7 things I repeatedly wanted to buy this week... but chose not to buy. + +A list of the nonrecurring items of thing I WANTED to buy is fucking stupid, but heres a sample: + +UV light for cat pee (just used my nose for free), a laser automatic cat toy (i got a laser on my keychain, and i am not that lazy), a swimsuit (still gonna buy this, but I will shop arpund for prices), a proper bread machine (i have one from a thrift store, but it only does 1 setting. I will check other thrift stores for a multi setting bread maker). + +I feel personally so gratified to see a gap in my online bank statement between july 18 and july 24th with zero debits. + +Try going 3 days without buying ANYTHING. Nothing. It just kind of forces you to re evaluate your stuff. + +Edit: i need better glasses, edited. Edit2: need to learn to format better but its fixed now. +I'll admit, this on won't work for everyone. But it will work for *most people*. + +Step one: take a deep breath, remember that your value comes from who you are not what you own, and remember that people *like* helping other people. + +Step two: message all of your family and friends, and mention that you would like to offer them a trade: "Money has been tight recently, I'll take all your clothes to the donation center for you, if you don't mind me looking through them first." + +If your family, friends, and coworkers are anything like mine you'll have quite a few people who buy too many clothes and know they buy too many. These people will watch daytime tv telling them how to clean, gather a bunch of their unwanted items in bags, and then never actually go donate them! + +Hell, it's such a common occurrence that even John Mulaney did a bit about it. + +Don't think you have to be *exactly* the same size either. You'd be surprised how many "oversized" sweaters and "fat pants" people will have lying around that they haven't worn in years. And if you're a bit handy, even complete misses can be cut up and made into patches, washrags, or stuffing. + +The final part of this tip is the most important, remember: people like helping, and they *love* hearing that they successfully helped. + +No matter how many clothes you ended up keeping/getting rid of, send or say a genuine thank you to the person a week or two after. + +Mention it was a big help, and how it positively impacted you (reduced stress, helped save for bills that month, got cat's surgery with extra money, etc.) If they're anything like the people I know, they'll be thrilled and offer to do it again sometime. + +And that's how I haven't needed to buy clothes in years. +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. +Hi all, i've been lurking this subreddit for a while as me and my partner have started searching for a house. We live in the South West, and have been searching for a house for 4 months, as first time buyers. We've settled on a development from Bloor homes, with a 3 bed semi-detached house being released for £355k. We saw a showhome and liked the design, and thought we would proceed with reserving the plot/house as it seemed to tick all the boxes, and me and my partner both loved it. + +However, we've been messed about somewhat and had poor customer service from Bloor (not responding to emails, despite trying to reach out to them 4x by email before getting a response). We had a reservation meeting yesterday, where they gave the impression they don't negotiate on anything, and it seems like you don't seem to get anything without paying for any extras (I understand flooring isn't included in new builds, or topsoil, but even stuff like a toilet seat is in the catalogue for £60...) + +The issue is that we are being told we need a decision in principle before we can fully reserve the property, even though the house isn't due to be completed towards the end of March. Our mortgage broker has said the DIPs are only valid for 6 months usually, and so he finds it a bit odd that they expect us to have one when the rate/mortgage may change before the house is completed. + +Are we being really stupid by proceeding with this company so far ahead, in this current climate, given how stingy they seem to be with everything? I've seen really mixed reviews online about Bloor, but nothing about the cost of extras, and I can't really find anything regarding how they fare vs other developers, so was hoping if anyone here has had recent experience, or just any advice to give, i'd really appreciate it! Apologies for rambling nature of the post, happy to give any other details! + +Edit 1: The area itself is quite popular and houses tend to sell quite quickly. A train station to the city is a 10 minute walk away (10 minute train ride also). The new build development next to this one has had a surge of interest from London buyers, and a school was built here that has a very good OFSTED rating, which could also be driving the price up. + + +Edit 2: Thank you everyone for the solid advice. Based on the feedback, we think we are going to walk away, given how they've handled us over the past few weeks. I really appreciate everyone's reply, thank you so much! + +Edit 3: Solid advice keeps pouring in, and I can't reply to everyone, so just want to reaffirm how thankful I am for everyone who has taken the time to reply. +I'm thinking about going through a financial planner pretty soon and was just hoping to get an idea of what process they would take with me and what bases they would cover! Curious if any people have an experience they can share with me! +I'll be frank since my phone doesn't have much charge. + +I just moved to this state and I just got a new job and I start Wednesday. I also do doordash. + +I have $790 but my car (that I sleep in) just encountered some serious auto issues. I would get it fixed but everyone needs to hold the car for days and I'd have to get a motel then pay for the inspection then the eventual fix. Which could take a while. + +My goal is to have a place to sleep and a method to get to the new job so I can save and upgrade to a better situation. + +Please. If you have any advice id appreciate it dearly. I'm filled with so much anxiety I just need some hope. +From the [https://www.usinflationcalculator.com/](https://www.usinflationcalculator.com/) website, back to 100 years ago, 1,000$ is 15,283.07$ in today's money, so that is 1428.3% cumulative rate of inflation, a worker in those days will earn around 1000 to 2000$ per year (if they were lucky). Now, my question is, if we were 100 years in the future, what will the cost of the items looks like?, how will our wages look like given the current trajectory (low economic growth, wage stagnation, etc...)? Does saving cash make even sense? +I enjoy watching youtube videos about economics on my free time, but i dont know if they are just opinions or actual good research based videos. + +I enjoy watching “Economics Explained” is that a good channel or is it not really good for economic knowledge? Any other suggestion? +I’m currently enrolled in a B.A. program in economics and am wondering if employers look down on B.A. degree as opposed to B.S. degrees? I don’t want to switch to a B.S. because it is a STEM deigned program and seems to be much harder. Any advice? +> It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people. Every workman has a great quantity of his own work to dispose of beyond what he himself has occasion for; and every other workman being exactly in the same situation, he is enabled to exchange a great quantity of his own goods for a great quantity, or, what comes to the same thing, for the price of a great quantity of theirs. He supplies them abundantly with what they have occasion for, and they accommodate him as amply with what he has occasion for, and a general plenty diffuses itself through all the different ranks of the society. + +I’d also like to know what he means by +> has/have occasion for + +Thanks in advance +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Repost from LinkTrader. + +The Tweet: https://twitter.com/hcltech/status/926683137924648961 + +The Article in the tweet: https://themerkle.com/what-is-chainlink/ + +Their Twitter: https://twitter.com/hcltech +I see it a lot on this sub. Someone will say that their target return is 2% a month and someone will attack them for it and tell them it is unsustainable and that they’d be extremely wealthy if they could sustain that for a long time. There are a few reasons why this is incorrect. Here they are: + +As retail traders, we have the advantage in that we can move in and out of positions in a few seconds. Guys like Warren Buffet can’t do that. + +We are able to invest in smaller companies and take advantage of their potential growth whereas Berkshire can’t really invest a large amount of money because the companies are so small that even if they were to double, the returns would be minimal. + +You can take larger risk when you have a small account. This has the potential for higher rewards. Billionaires are not looking for ways to compound their wealth at crazy high percentages. They care more about slower and steadier growth without much risk. + +The last point I want to make is specifically about options. I believe that options, if used correctly are a great way to grow your money at a high rate (20%+) without taking an insane amount of risk. Hedge funds with billions of dollars can’t actively trade options like we can. As an example, the AAPL $100 PUT 11/20 is going for about $2 in premium right now. Today there was about 2000 contracts traded. That’s $400,000. The largest hedge fund, Bridgewater Associates, has about $138 Billion in Assets Under Management. $400,000 is literally only 0.0003% of total assets. It’s just not possible for them to make money trading options. + + +So in conclusion, getting a high return is completely possible. You just won’t be able to get that return once you become a billionaire :) +Firstly: I hope this word salad may inspire some of my fellow degenerates to not make the same mistakes I did for many years. + +“What makes for freedom and fluency in the practice of writing? Knowledge of how to write. The same goes for the practice of playing an instrument. It follows that, in the conduct of life, there must be a science to living well.” + +– Epictetus + +In the modern world we have the wisdom of the world available. So why then do we as humans often guess or make assumptions rather than seek out the knowledge available to us? Because it is easier not to. + +Personally, I could scroll through memes or play video games for hours, but when it comes to growing plants do I go for the book first or the shovel? + + +The cost of wasted time and mistakes is immense. We can access the knowledge and wisdom of those who came before us and save making those mistakes and not waste that time. + + +Many humans just like you and me have failed, succeeded, gained and lost fortunes. They have recorded the results in the form of books. + + +These books are *begging* to be taken into a room and embraced on a bed with a blue silk sheet, soft pillows with a scented candle flickering in the corner, the book will whisper to you, “>!open me, I want to be inside you!<” but I digress. + + +Acquiring knowledge does not only apply to investing but to all learnable skills: hobbies, careers, relationships. With study all of these things can all be improved. + +[A degenerate in a faded tool shirt yells out from the crowd: “Boo! This is a casino!” ](https://preview.redd.it/rst9pi4solt71.jpg?width=193&format=pjpg&auto=webp&s=6b98f4f4a4e69e1ffaef5cbce3ac49cfecd60c0a) + +Ah yes, but would you enter the casino and lose your life savings playing the first game you see? or would you rather learn about the games and the odds first ?Even in the casino it is good to know what's what. + +**Made up case study designed to brainwash you into reading number 1:** + +Picture this if you will: 2 cunts with bushy beards. One is named Tom and the other is Barry. You must choose one of these assholes to invest 100k on your behalf and all you know about these bearded cunts is the following: + +Tom is a really good golfer, he studied the game, he read up about the different equipment, the effects of wind speed, different grasses and he also practiced his swing and technique with a coach for a few sessions before ever hitting a ball down the green.(It is also rumoured that Tom perfected his swing practicing on kneecaps with a cricket bat, but that is another story) + +Barry is an average golfer, he pays to play every weekend, he has expensive clubs and fancy golf shoes but hasn’t taken a single lesson or read anything in the last year other than the menu at the 19th hole. + +Based on what we know about these two men, who would you choose to give your hypothetical money? + +[A greasy degenerate with Cheeto stained hands shouts out from the crowd: ](https://preview.redd.it/f024bnpdnlt71.jpg?width=307&format=pjpg&auto=webp&s=e73f777b9b4f4ba378855e46b69f2f8faf0d3da2) + +“But you don’t learn how to fuck by watching porn, you gotta get out practicing!” + +True, and there is a balance here between study and practice, but beware you might pick up a nasty STD if you don’t know the dangers. + +**Made up case study designed to brainwash you into reading number 2 :** + +We are going back in time for a moment when a totally made up stock called ‘ZOP’ was $11 and just about to hit its all time high, let us compare two traders. + +Degenerate 1:Jose. + + +Jose loves tacos, investing and reading. He has read Wazza's book, Peter Lynch's book and puts chopped coriander in his guacamole - something he tried after asking others how they make theirs. + +Degenerate 2: Mark. + +Mark also likes to gamble his wages in the stonk market but just reads hautetcrapper, facebook and the daily thread. + +Jose's approach: As ZOP approached an all time high Jose vaguely remembered the words of Peter Lynch “The next anything is usually not a good idea” Jose considered this and reflected on his fomo emotions and stayed on the side-lines of the BNPL trend and decided to buy a speccy gold miner operating in Africa instead. + +Mark’s approach: Mark was excited about “The next Rafterpay” and he now has to stubbornly explain to his wife and her boyfriend how he isn’t throwing good money after bad, nope he is in fact actually “averaging down” and he keeps telling everyone the opportunity cost will be worth the wait it when his rocket finally takes off, and perhaps one day it will, maybe. + +“Confidence is ignorance. If you're feeling cocky, it's because there's something you don't know.” + +― Eoin Colfer, Artemis Fowl + +**Now how do we wrinkle our brains ?** + +**Questions** + +Ask questions! Ideally with detail and be as specific as possible, if the first person to answer your question is automod, it was probably a shit question! + +While “When Lambo?” Is a fair question. +However an even better one could be: “Is the company I am invested in making measurable progress in reasonable time?” +Here is another example of a good question: +“Does the recent announcement show that management are ticking boxes or are they just smashing nose beers, taking photos in the dirt and making shitty pdfs?” + +**Ask the right people!** + +Your questions may be fantastic and the beginning of a wonderful business or investing opportunity, but if you ask the wrong people, you will not receive any answer of value. Case in point: recently a teenager started a fancy plastic cup business so that people could have nice vessels to enjoy their “egg yolk and rum cocktails” in the pool area. + +The question may have been something along the lines of: “Fuck I am sick of stepping in glass, why don’t we make some nice plastic cups for the pool area?” + +Now Because the person asked was his successful entrepreneur father it all came to fruition and that kid is probably deciding what colour tesla to buy. + +Had he asked the kid who sits next to him in history class and draws dicks all period he would still be picking glass out of his feet. + Now although it is true that starting with rich successful parents is a head start, you know some smart people don’t you? + + +We should make sure when we have a question we are asking the right people. Also we can gain knowledge and learn from mistakes. If someone's portfolio or life is completely fucked it is worth asking them about it, “how did you fuck yourself so hard, what mistakes did you make?” + +**Reading.** + +“Those who will not read are no better off than those who cannot read.” – Jim Rohn + +If you wish to be wealthy, study and read about wealth. + +If you wish to be happy, study and read about happiness. + +If you need to fix your marriage, there is a book for that, it will even have instructions on how to talk to your wife's boyfriend. + +Don’t know how to read a book? there is a book for that too, it is titled “How to read a book” + +[An excitable degenerate from the crowd with adhd and tourettes has a loud and sudden outburst: ](https://preview.redd.it/7uksi01mplt71.jpg?width=299&format=pjpg&auto=webp&s=7dfb88ba0b4ef5ecf86b234a31deff19b1d4f4c0) + +“ Tony Montana didn't read! Massive cojones are all you need!!” + +Tony Montana wasn’t real you rhyming fuck, but Warren, beautiful Warren is. Now Waz[ ](https://www.inc.com/marcel-schwantes/warren-buffett-says-you-can-increase-your-overall-happiness-by-making-1-simple-choice.html) didn't become a billionaire by chasing the next pump and dump or insulting girls that don’t like ice cream by calling them lesbians. + +Buffet has made wise investing choices by playing the long game and by acquiring a vast amount of knowledge. Waz advises that we "read 500 pages every day." - He says that's how knowledge works -- it builds up like compound interest. + +[What books don’t Trent like? ](https://preview.redd.it/8e82v9y9mlt71.jpg?width=225&format=pjpg&auto=webp&s=aa79ed94a03cef26b4230b247668d10a5ed53ae7) + +In last night's thread I asked the sub “If you could recommend one book, what would it be?” I left the question intentionally open to interpretation and the answers I got were wonderful and varied greatly. It just goes to show how intelligent, humorous and well read you cunts are. + +Some of the members I dmed the same question. + +**In no particular order here is a list of books recommended by your fellow degenerates :** + +Woftam11 : Anything by Terry Pratchett + +Webpage9, bane-of-oz (both of em!): Thinking, fast and slow - Daniel Kahnman + +Trupinta, incognitoburweedo (2 members): Sapiens. A brief history of humankind. + +Interesting-Aide8842: Illusions - Richard Bach + +AlanBloodyBond: You Are Not So Smart + +Shadowbastrd: The bible. + +InterestingShow1112 : Clifford the big red dog + +Malcolm\_TurnbullPM: Humankind and A gentleman in moscow (2 books what a dog) + +BuiltDifferant : Big friendly giant- Roald Dahl + +DeadGoddo: Snow Crash - Neal Stephenson + +FallenArchon2020: Critical race theory + +Ocean\_sky\_wind: The Barefoot Investor + +Rustysalmon92: 1984 - George Orwell + +Viajante76: The Signal and the Noise by Nate Silver + +FallenSegull Airman by Eoin Colfer + +Blisser\_the\_Sniff, dick-face-dick-face: Still Life With Woodpecker- Tom Robbins + +Maybethough, Texas\_Tom: The selfish gene + +Supraga70 : The very hungry caterpillar (Most upvoted in thread!) + +Charlie\_Cristo : The Count of Monte Cristo + +Rhythm34: Blindsight by Peter WattsHgttg : Watership Down + +Meaty0gre :Anything from Peter Lynch + +Username-taken82 : Boundaries by Dr Henry Cloud and Dr John + +Townsend.Tacomaster33 : Peter Lynch's one up on wall street + +Calculated-Punt : The Organised Mind by Daniel Levatin and The Zurich Axioms by Max Gunther. + +Logicorluck : Fifty shades of grey. + +Sufficient\_Guess2732 :Arnold Schwarzenegger - Total Recall my unbelievably true life story + +We would all love to hear more about why you recommended these books , If you have time to expand please elaborate in the comments below. + +**Final Thoughts:** + +I have learned this much on my quest for knowledge so far: When you have a thought or a question, be quick to take action, quickly get that learning process in motion. The first few pages of a book, or picking up the phone and making that first phone call to ask for advice is the hardest part. + +Once you have learning momentum you can become a human version of a rocket and go to the knowledge moon!! + +This is a really big topic and open for a lot of expansion as I have barely scratched the surface, perhaps there could be some discussion continued. +“Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here.” - Parag Agrawal + +https://twitter.com/paraga/status/1513354622466867201?s=20&t=ljgxw1kVvOZi3M-FDeQi3g + +https://www.cnbc.com/2022/04/11/elon-musk-decides-not-to-join-twitter-board-says-ceo-parag-agrawal.html +The [report](https://mk0eeborgicuypctuf7e.kinstacdn.com/wp-content/uploads/2019/07/Decoupling-Debunked.pdf) entitled "Decoupling Debunked" published last month was authored by the European Environmental Bureau. + +In summary, it analyzes scientific evidence regarding "green growth" , the hypothesis that an effectivization of the economy can lead to decoupling of economic growth from its environmental impacts. + +However, the authors found no evidence for this decoupling-effect and moreover conclude that any decoupling is unlikely to happen. Therefore, they conclude that in order to tackle environmental challenges a direct downscaling of economic production +and consumption (sufficiency policies) is needed. + +How could this happen in practice? Are there any schools that do not advocate for increased aggregate demand and/or aggregate supply to drive the economy? +I want to start by explaining what I mean by "retire." For me, retirement means having a choice in whether or not I work, rather than working 40 hours/week until I'm 60+ and too old to enjoy my money/life the way I desire. In my case, I would want to have a dividend income of about 30k/year to live off of and also reinvest, while having the option of working on and off over the years if I want some extra income. My retirement goal, rather than an age or number of years, is a certain dividend income amount. I currently make about $25k/year after taxes. I'm able to invest about $1k/month. This isn't much, I know, but I'm working on it. + +I only started investing this year, and have less than $10k in various stocks and ETFs. I recently began focusing on building a modified [quadfecta](https://www.reddit.com/r/qyldgang/comments/ncp0bl/quadfecta_covered_call_income_portfolio_analysis/) portfolio of JEPI, NUSI, QYLD, and SCHD, where SCHD is replacing DIVO to focus more on growth. I guess my question is, do you think this blend of ETFs is a good idea for what I'm trying to achieve? I know that with my current situation I am very far off from my goal, so does it even make sense to concentrate on dividend ETFs at all? Or should I start with something like a SCHD/VTI/QQQ combo and slowly focus more on dividends? + +Basically, I am perfectly content living my simple, lean lifestyle and want the freedom of being able to continue doing that without needing to be a slave to a company. + +Thank you. +Think like passing a note to your younger self. Wipe all knowledge and experience and start from nothing. Would you learn strategies? What might you learn to buy first? What would you avoid learning/wasting time on? What is a key fundamental you found yourself relying on the most? etc. +I'm going to let you guys in on a bit of a secret. This is from someone that has been in this Forex game for over 8 years now, and has traded professionally at financial institutions for short stints. + +&#x200B; + +What you know about risk reward is probably why you've been losing money. + +&#x200B; + +The common knowledge is this. Use a 2:1 or higher risk reward because that way you'll make twice the profit when your right and half the loss, thus you only need to be right 33% of the time to make a profit! + +It SOUNDS good, but actually there's a fatal flaw. + +It has everything to do with market noise. Market noise is generally a lot larger than most people realise. I'm willing to say anything less than a multi-day time frame is almost dictated by market noise most of the days. + +Market noise can either be your greatest ally, or worst enemy. You can never predict if the market is going to go up, or down.. but you can almost be 99% sure that the market is going to by noisy. Most of the time VERY noisy, up down. + +Here is the kicker: + +When you setup a 2:1 trade. You are effectively making this bet: + +"I bet you that the price will hit X.. BEFORE it hits Y." By making X twice as far away as Y.. you are effectively betting against the STRONGEST and MOST PROBABLE force on the market.. market noise. + +&#x200B; + +In order to win a 2:1 R:R trade.. you not ONLY have to be right about your underlying trade idea. You actually have to HOPE that the market noise won't cuck you out of a profit. i;e You are betting AGAINST market noise. + +&#x200B; + +So how can we thwart this demonic force? + +I'm going to say something controversial: + +&#x200B; + +1:1 Risk:Reward trades are hands down the BEST ratio to use on anything less than the daily timeframe Why? because your just as likely to get fluctuated into a profit, as you are into a loss. Over time this cancels out and what your left with is purely whether or not your strategy is profitable. + +&#x200B; + +Most strategies ARE in fact profitable. Fibs, cup and handles, all this junk. They are >50% win rate. The problem is people use greater than 1:1 R;R and end up getting fluctuated out of 70% of the trades. + +&#x200B; + +&#x200B; + +So moral of the story: + +Use 1:1 Risk:Reward. The reason why most people dont make money in Forex is because most of the marketing and educational material spew crap about 2:1 R;R or 4:1 R;R. There is a place for that kinda R;R and it's the monthly timeframe. + +' +Just a rant. + +If you are going to give some bold advice to people on this sub. At least state that you’re a consistently profitable trader. + +We don’t need anymore re-hashed advice taken from Forex YouTube videos that provide everything about what you need to learn in FX except how to actually make consistent profits. + +It really isn’t fair for the people asking for advice. +Studying forex for over a year and ive been trading real money for like 2months. I’ve been keeping my risk low for the first month trusting my system down to the wire made 3,5k on a 15k account then volatility really hit. I truly believed in tge recession so i cought the aud swing pretty early and made 11k, but i was still following my system( scaling out, not adding to much to trades) + +Might of got to my head those numbers cuz yesterday caught big swing down on the aud and the de30eur ( over leveraged by accident but payed off) so what did i do when my profits were at 12, i double dipped shot down to 16k and i did the same but by the time it hit 18k it shot up quick after that. + +Seeing my it hit 16k didnt phase me, i was just thinking bout future profits after retracement +12k startled me but i believe in the recession and the aus going down, didnt realize how much leverage i was using and it didnt need to go all the way back up to loose all profits. So i continued believing it would go down and i was chasing my profits looking at mt4 for 6hrs straight until i pulled out with 1.5k made that day. + +Even if im positive, i feel like shit just down af, i couldve of pulled out a 12 k but instead removed my stop loss. +Im going to take this as a blessing tho or atleast try to i knew it was that much would be unsustainable just lucky i didnt go negative and damage my account. + +Forex is truly crack cocaine, pls dont be like me +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! + + +Given the fact that Term life insurance only covers death what if we met with an accident and loss our limb / limbs , PTD ( Permanent Total Disablement) and TTD ( Temporary Total Disablement) etc. There is also a chance of getting affected by critical illness. + +P.S. I have only term life insurance without any riders with LIC. Which company offers these riders ? +Hi, first of all thank you for reading this. + +Basically ive hit a bit of a wall. ive been attempting to build something profitable for a couple of years now, and i just cant seem to get anything worthwhile. i have taught myself to code (probably pretty poorly lol), and have managed to make my own automated trading program for a number of different assets classes. + +Ive been focusing on forex, trying thousands of strategies over all sorts of time frames and i am yet to make anything even break even. + +Ive recently started playing around with deep learning for another project, and im aware it has applications in time series prediction. + +Essentially i would love some advice from someone who has been in my position and managed to become profitable...should i focus on trying new strategies by experimenting with different indicators/money and risk management and time frames, or start jumping into machine learning and throw my energies there? + +Im a bit stumped and feeling a bit defeated at the moment, so any sort of advice would be greatly appreciated + +Thank you +I found a connection between Hood and GME... I believe, that Hood was added to the same short selling Algo. Those funds could be used to push GME lower, and once HOOD hits $0... MOASS begins, and the market crashes for real... + +On Sept. 15, 2008, **Lehman Brothers**, a well-known and respected investment bank, filed for bankruptcy protection after the Bush Administration's Treasury Secretary, Hank Paulson, refused to grant them a bailout. + +[Major Index's on Sep 15th 2008.](https://preview.redd.it/72zsjmrwnae81.png?width=2196&format=png&auto=webp&s=4235343520b731c5e88eb2ce0407d8a32d506586) + +If Robin Hood, was to file for bankruptcy, like Lehman Brothers - I would expect the markets to react in the same way, or more severe. + +Robin Hood is the perfect scape goat. It can go to zero, you can Jail Vlad, and blame them for the crash..... Kenny walks free out the back door... + +[49 Lawsuits against RH.](https://preview.redd.it/rml8qcgfoae81.png?width=1338&format=png&auto=webp&s=5bf3d11fec55a4214429eff26118f052446ee74b) + +Its the perfect short... Lets look at the chart... + +[Dog Shit Chart, doesn't even go back 6 months... ](https://preview.redd.it/ejzitlwxoae81.png?width=2026&format=png&auto=webp&s=a78b288401aec4d069c9929d0a4e7a9a2de18a3a) + +But... around 11/11/2021, the volume really started to pick up... + +[Regular Volume was around 3-4 million. The volume is the right column.](https://preview.redd.it/61r1ri9dpae81.png?width=1836&format=png&auto=webp&s=447364a17cbcf843d4115688304acd78e9a85922) + +Then... all of a sudden... the Volume on Hood went crazy... + +[The right column is volume... ](https://preview.redd.it/wnjxlotjpae81.png?width=1804&format=png&auto=webp&s=46e7afc82c88e3411368290bcf16028cde562f5a) + +[Volume is really starting to pick up... ](https://preview.redd.it/mces9g8lpae81.png?width=1790&format=png&auto=webp&s=bf375712a90a71a1d16691cb18709dd92932dfbe) + +[And now they are literally printing money... \(307Million for this third list\)](https://preview.redd.it/6bjx8agmpae81.png?width=1820&format=png&auto=webp&s=65194657f8aab33fde9ed9a175c633c37dcca4d5) + +[Float is 456M shares... ](https://preview.redd.it/c1ke4u3sqae81.png?width=924&format=png&auto=webp&s=7d084301bb0a628202cc167b9199e9cb4ad5a1b9) + +The source is here: [https://finance.yahoo.com/quote/HOOD/history?p=HOOD](https://finance.yahoo.com/quote/HOOD/history?p=HOOD) + +So what else started happening around 11/11/2022 + +[Not my \\"Stop Loss\\" its standard on Yahoo](https://preview.redd.it/ipg7duixpae81.png?width=2038&format=png&auto=webp&s=bb66998005a2f9ab45cbd7d2e052a64268994191) + +GME started tanking like crazy. + +So... If you look at the Volume on RH, it all of a sudden had an extra 10 million shares a day. At $30 thats $300,000,000.00 a day ($30 X 10million). + +Is it possible, that at some point, they decided to make Robin Hood the sacrificial lamb. They can short it for 10 million shares a day and no one is gonna care of question them going out. Most of the leadership sold their stock. The volume picks up the same time that GME starts to get shat on... It all seems to coincidental... + +When Robin Hood does finally hit Zero, they are out of fresh cash, they dont have anything else to short - and then the squeeze is on - + +[Hood VS GME 5 day Chart](https://preview.redd.it/7fvil7wrrae81.png?width=2072&format=png&auto=webp&s=ed8a121777926b9ac0301aa25166a1e4957b1e7e) + +[Hood VS GME 1 Day Chart](https://preview.redd.it/5impj86urae81.png?width=2056&format=png&auto=webp&s=da37cfd09de38186e05be30bcc0d9cd0c5de016e) + +[Hood VS GME 1 Month](https://preview.redd.it/7ibakfdwrae81.png?width=2066&format=png&auto=webp&s=8737b5e55d75d417bd2c47ccb572c632bf94c5a9) + +[Hood 3 month chart... ](https://preview.redd.it/h43hjd9yrae81.png?width=2060&format=png&auto=webp&s=bb5c99f447acb0a64db3c84c5358379abce2db02) + +**TLDR: Robinhood became the sacrificial lamb around 11/11/2021. They knew that company was going under and it was added to the same short selling algo as GME. They could be using that HOOD short sale money to push GME lower. When RH hits zero/files for bankruptcy, MOASS will start and mkt will collapse.** +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +All- creating an all Encompassing list of monthly payers and will place a sheet for all somewhere for all to access. +Feel free to add +I will perform a quality check on the ticker and check for the monthly status. + +I know some people don’t care if it’s monthly because in the end the yield matters—- but I still like the notifications- you been paid + + +O +OXLC +AGNC +EPR +GWRS +STAG +ARR +PSEC + + +Every damn time whenever the market crashes I'm getting this asked by him. Never any word when it went up or if some good news was announced. + +These kind of people just love when others aren't doing well. + +Same person is also the one to spread rumours about other colleagues. + +I can't wait for the day I announce my retirement while he still gotta wage slave all the way till his 70s. +So I've been selling CCs, mostly weeklies, on GME and using that premium to buy calls during run ups. I've increased my long position from 100 shares to 300 shares since the summer, but I think i could have made more if I timed buying my calls for the run ups better. + +I have noticed earlier in the year when it hit 350, it drops dramatically, and lately when it hits 250, it drops dramatically. So I was thinking if it runs to 230-250 or so again, selling an ITM call, 45 dte 180c. I'm thinking the premium will be about 10k or so after a couple big green dildos and higher IV (any way i can calculate this?) and with a predictable drop afterwards, buy to close at around 80% profit. With that 10k or however much it is per CC, I want to buy a good amount of puts. Probably 180-190p 3-4 weeks out. + +Anyone know if this is a strategy already so I can read up on it? The goal is to keep my shares, so I'll probably only do this with 100 of my shares and I'm okay if they do get called away 18k +5k premium (-5k for puts) would be over a 100% gain for me. I feel like this would be a lot less management than selling weeklies. +Luckin Coffee Inc. (**LK)** confirmed Monday that it its being investigated by market regulators in China as its Nasdaq-listed shares continued to be suspended following revelations earlier this month that it may have "fabricated sales" reports that could have totaled more than $300 million of more than $300 million. + +The China-based rival to Starbucks said it was "actively cooperating" with the State Administration for Market Regulation in Beijing after it reportedly raided the company's headquarters over the weekend.  + +The statement followed a move by the China Securities Regulatory Commission earlier this month to investigate fraud claims linked to Luckin's  April 2 admission that around RMB2.2 billion ($310 million may bane been fabricated in a scheme linked to its former chief operating officer. + +The Nasdaq, meanwhile, said Monday that shares in the group remain halted, following their first cessation on April 6,  + +[https://www.thestreet.com/investing/luckin-coffee-offices-raided-as-china-regulators-probe-fraud](https://www.thestreet.com/investing/luckin-coffee-offices-raided-as-china-regulators-probe-fraud) +This is both blatant market manipulation and morally abhorrent. WSB should bring a gofundme to crowdsource funding for a class action lawsuit against Citadel, calling for market makers to be permanently banned from having a vested interest in any one company or stock. +Pains me to do it when prices are down, but I've just paused my monthly investments. +It's too uncertain out there. Who knows if I'll even have an income in a few months. I hate it, but staying in cash and flexible to make sure I can pay the mortgage and put food on the table for the family for as long as possible if my income dries up. +It turns out that being brave when others are fearful needs more reserves than I have +If we imagine the housing market as a 2007-style bubble waiting to burst, how could one profit (or hedge against) such a collapse? + +I recently met a lady who with her husband is planning to retire to France as their house is suddenly worth a fortune. A house down the road from me just sold for about 30% more than it would have two years ago. People right now seem to act as if the party will never end. This [Guardian article](https://www.theguardian.com/business/2021/aug/14/sorry-kids-house-prices-arent-going-to-stop-going-through-the-roof) suggests that there's just no reason for the house prices to go down - given pent-up savings, rise in remote working. + +To add to this, the article says, "a recovery in private tenant demand and even lower returns from other assets has pushed the buy-to-let mortgage market back to where it was before Osborne’s reforms." + +But I personally feel it'll end in tears. Why? + +* Some people will give up looking to own and just rent instead, and will move to cheaper places where they work remotely (even abroad). + +* People may instead prefer to spend their money on travel and experiences - after 1.5 years of the opposite + +* Governments mindful of housing poverty may dial back buy-to-let properties + +* Lots of unwanted office space may be turned into flats, freeing up supply. + +* The upcoming census results next year may show slowing population growth, which inevitably leads to housing becoming cheaper. + +Question is, how do you profit from it? + +EDIT: I meant to say I believe the bubble will burst SOON - as in, within 1 year! +Not sure if this kind of post is allowed (I swear I am not advertising lol) but thought I'd make a review post on a brokerage I've been using for the last month that I rarely see recommended or spoke about on these forums when it comes to finding a broker. + +It's no secret that our options for stockbrokers are pretty poor compared to America in terms of low-cost options that aren't massively lacking in features. + +America has the likes of TDAmeritrade, WeBull, Robinhood etc that all provide very good service (maybe not RH) for a very low/no commissions on trades. Additionally they also have access to more stocks, OTC stocks, pre and post market trading, leverage etc. + +Over the past year where I've been trying to learn to trade stocks I've been trying to find the broker that I think has the best balance between low commissions, good features and high amount of stocks to trade (nothing more annoying that using Trading212 and not being able to trade a stock you found the perfect chart for). + +The brokers I have used are FreeTrade which I really hated, Trading212 which is a slick platform but was lacking most of the US small caps I want to trade and DeGiro which I used for the majority of the last year when trading. I'll give a quick review of DeGiro as it's a pretty good option all things considered. + +Two things to note before I start + +* I am a swing trader and not an investor, my review is based purely on how my needs for trading are met by the platform. For investing I think something like Trading212 is probably more than fine. +* I trade exclusively US listed stocks, therefore a platform offering the ability to trade stocks from exchanges outside the US (like the UK) is not important to me. If you want to trade UK stocks etc then TradeZero is definitely NOT for you. + +------------------ + +**Brief DeGiro review and why I decided to switch** + +Previously I was using DeGiro which imo is the best EU based option however I decided to switch as I wasn't fully satisfied with the features offered and they removed the ability to place 'good-till-cancelled' orders for a few weeks without warning which as someone who cannot trade without GTC stop losses in place was so annoying. + +I'll quickly list some pros and cons of DeGiro for people who maybe haven't used it before + +**DeGiro Pros** + +- Very low commissions +- No fee for depositing or withdrawing money +- Good selection of stocks compared to FreeTrade and 212 (can trade EU markets and US markets) +- Good order execution +- Clean and easy to use platform + +**DeGiro Cons** + +- Price data is delayed by 15 mins, you need to use TradingView or whatever for up to the minute prices +- No pre or post market trading access +- Limits on how high above current price you can set your limit orders, if you're trading a very volatile stock this can bite you. (original GME squeeze I couldn't set my limit order at my genuine target price and almost missed it) +- Customer support is pretty poor, email takes a day or two for a response +- No OTC stocks +- Cannot have a stop loss and a limit order in place, as someone who's not always at my monitor I'd sometimes miss my trade exit point because I was not allowed to have a limit order in place while also having a stop loss to protect my risk +- Cannot short stocks (US stocks at least, I only really trade US stocks) + +------------------------------- + +**TradeZero Review** + +After using DeGiro I was determined to try and find a broker option available to UK customers with low or no commissions, strong stock availability and good features. I considered FirstTrade who are based in the US but it was hard to deposit to them without taking a massive exchange rate hit as they don't allow money transfer services like Revolut or TransferWise. Another option I considered was Interactive Brokers but I found their commission structure confusing and wasn't sure what I'd be getting charged on a trade. + +I did a lot of searching and compared a lot of options before out of the blue stumbling on TradeZero. I didn't realise they accept UK customers but they actually have an international service that does accept UK investors. + +The process of setting up the account was fast, I was approved quickly and able to deposit. Now the main drawback of TradeZero is that as its a US broker it costs you a fee to withdraw and deposit. So if you are trading with a small amount then maybe this broker is not for you and DeGiro would be better suited for you with free deposits and withdrawals. + +The fee to deposit is $25/£17.50 and the fee to withdraw is $50/£35 which is quite steep in my opinion. However TradeZero will not take the fee on your first deposit if it is over $500/£350. + +Additionally TradeZero is easy to deposit your money to compared to other US brokers that allow UK customers such as Firstrade. Firstrade will not allow deposits from money transfer services that allow you to send £ and convert it to $ for cheap like Revolut and TransferWise. Tradezero **does** allow you to do this and it means sending dollars to them is much easier and cheaper. + +Me personally I have a Monzo account and they are partnered with TransferWise meaning transferring the money to TradeZero was pretty easy as I could just do it through the Monzo app without even needing to go on TransferWise. + +Ok enough waffling about the deposit and withdrawals, I'll go onto the pros and cons of TradeZero now + +**TradeZero Pros** + +- No commissions on trades as long as you use a limit order and the stock price is over $1. +- Fast order execution +- Ability to trade OTC stocks if they are over a certain price +- Ability to short US stocks +- Pre and post market trading access +- Ability to trade options +- Can use range order to have a stop loss and limit sell order in place +- 6:1 daytrading leverage, 2:1 overnight leverage free +- Realtime price data and charts +- 24/7 customer support via the live chat + +**TradeZero Cons** + +- Commission is charged if you place an order that is immediately executed, either market order or limit order that meets the current ask +- Cannot trade OTC stocks under a certain price +- Doesn't pay dividends +- Only US exchange traded stocks available, no EU exchange listed stocks + +---------------------- + +That pretty much wraps it up. This probably reads like an ad for TradeZero but genuinely I have been very impressed with the platform and after trying out DeGiro, FreeTrade and Trading212 this definitely feels like a step up. I am not being paid by them nor am I affiliated at all. + +I would say this broker is good for traders rather than investors and would not be worth it if your account is under £2500 as the £35 withdrawal fee would sting. + +Of course make sure you read TradeZero's FAQ's and pricing pages to make sure I haven't gotten anything wrong and that the platform is the right one for you. + +I just wanted to bring some attention to what I think is an underrated option for UK based traders underwhelmed by the current low-commission UK options. + +Any questions I'll do my best to answer +❤️❤️❤️SAFESEX FINANCE❤️❤️❤️ + +🍆🎈BASICS🍑 (when a man loves a woman...): +— Name: SAFESEX FINANCE (SEX) +— Token Blockchain: BSC BEP-20 +— Total Supply: 4,000,000,000 +— Address: 0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 + +🌭🌮HIGHLIGHTS👉👌 +🔵Existing 🟣Planned + +🔵Contract Audit 🔵 Reliable Dev Team with Past Experience 🔵 Small, Locked Wallets (Team <2%) 🔵 Condom-kun Mascot 🔵 Comics/memes 🔵 90% Liquidity Locked 100 years 🔵 Anti-rugpull 🔵 Burn / Reflection 🔵 Charity 🟣 NFTs 🟣 Merchandise and Games 🟣 Token-as-payment Services through Business Partnerships 🟣 Continual Support! + +— 📃Contract: https://bscscan.com/token/0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 + +👉🟢🟢SAFESEX FINANCE TOKEN IS LIVE 🟢🟢👈 + +— 🥞Pancakeswap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 +— 📈Chart: https://poocoin.app/tokens/0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 + +— 👄Website: https://safesexfinance.com/ +— 🚗Road(head)map**: https://safesex.finance/roadmap (coming soon) + **Safesex finance does not condone roadhead on public roadways. Also check pins and whitepaper +— 🍑Telegram: @safesexofficial +— 🍆Safesex Twitter: https://twitter.com/SafeSexFinance +— 🥨Safesex Reddit: https://www.reddit.com/r/safesexfinance/ +— 🌮Safesex Discord: https://discord.gg/pbN2GngB (coming soon) +— 🌭Medium: https://safesexfinance.medium.com/ +— 🍾TikTok: https://www.tiktok.com/@safesexfinance +Hi there folks! Discovering FIRE is one of my biggest blessings in my life (so far). Just wanna have some honest conversation about the topic of marriage! + +My background : 29/F no debt, single, no kids. Discovered FIRE few years ago when I was in grad school, I will be reaching CoastFIRE in 8 months. + +I used to think about getting married some day. (Maybe I was brainwashed by the society? I'm from Asia and people have a term called "leftover women" to describe those women who don't get married by a certain age. It's horrible I know.) + +Then, i discovered FIRE. I love it! I love the idea of having the freedom to live the life I want and not to spend my limited time I have on this earth to work the job I am not particularly passionate about, just for the money to survive. + +Maybe I love freedom too much, i will not risk my chance of being free from the rat race for anything because i am aware that a divorce can cause significant financial damage. + +Also, even if my partner is richer than me, i don't want to get married either. Maybe it's because it is my hard earned money and i work really hard to achieve my FIRE goal, i don't feel comfortable to share / combine my finance with any person. ( If u know what I mean.) + +Sorry for my ramblings, and sorry for my English (it's my third language). And don't get me wrong, i don't hate men, indeed most men in my life are kind and wonderful. + +Just want to share my thoughts . I hope i won't get hate for being extra honest here. Wondering if anyone share the same thoughts as mine. + +Cheers💖 +I'm a guy who graduated this year and have been working for a few months now. I'm in civil engineering working for the state, so I make ok money but not as much as compared to the other engineering majors like comp sci and whatnot, but I enjoy the work life balance and my job doesn't make me miserable. My ex is still in school and will graduate in a few years with her masters in business. + +&#x200B; + +I come from a poor immigrant family and was interested in FIRE about a year ago after seeing my parents always struggle with paying their bills and how they can't afford to retire. I am extremely interested in FI and a bit less interested in RE because I want kids and more financial stability. Plus, I wanted to spend some of that money to help take care of my parents, so retiring too early isn't really feasible in my case. + +&#x200B; + +I've shared this plan with my now ex gf in the past before and she always had her doubts when I said I wanted to retire at 50 if possible (when I can start collecting my pension). Her parents and her family friends all come from better backgrounds and are upper middle class, so she was raised with a certain mentality of "work as hard as you can to make as much money as you can". Her parents looked down on me and my family for not being as well off as them even though they've never even met me and I think this played a huge role in what she wanted in a partner. That and the fact that she will out earn me in the future made her resent the idea of me being retired (and not caring to impress people) while she works for more money to maintain a certain lifestyle. She also doesn't understand why I want to retire early when I'm still young and physically capable of working until I'm in my 60's to earn even more money. I've always hated the idea of working my ass off as much as I can to make as much money as possible while missing out on life. Of course, I will still do my best at work but when it's 5 o clock, I'm out of there. + +&#x200B; + +I'm still saving about half my income and living at home to pay off student loans and working on FI. Yes, I have a car and drive myself to work, Anyways, I'm sad and this is mainly just a rant and I was wondering if anyone has been through the same thing, how did it work out for you? How did you find someone who is/is willing to FI and maybe RE? + +EDIT: After reading yall's experiences and opinions, I feel much more confident in myself and my future. She's a good gal and sometimes, two good people just want different things. I'm not resentful towards her or anything like some of y'all think. Things just didn't work out and I'm glad we figured that out now before we got married. + +EDIT 2: I know I left out a lot of info before. Her parents already disapproved of me since they found out about us a long time ago and it had been in the back of both of our minds. One of the things they didn't like about me was that I had to take out student loans and pay for my college. Also "He doesn't pay for you when y'all eat out? Date someone who cares about you and can" when I was living off of student loans and could barely afford to eat out alone let alone pay for her as well. They also didn't like that I didn't drive in college because I couldn't afford to and didn't want to take out more loans, just to give you an idea of what we're dealing with here. Her parents are the typical stereotypical Asian parents who'd rather their daughter date someone older with more financial stability, because god forbid she date someone her age who's trying to get their life together. Even though I've never met them after dating for almost 3 years, you can see why I'd be hesitant to and why she'd be reluctant to introduce me to her parents. And this is what she's told me, so it's not like I'm speculating all of this. + +I'm not going to spend the rest of my life trying to please her parents and other people knowing that they wished their daughter would marry a doctor. Memes aside, it's not far off from reality as some of y'all think. + +EDIT 3: Thanks for sharing yall's stories and experiences. I'm reading all of them, even if they new. Thanks, FIRE community. +Hi all, + +Myself and my fiancee (both 26) are looking to buy a house at... Some point in the future but through my research, I'm failing to see how that is achievable with monthly payments less than rent. + +Breakdown: + +Total household income - ~60k +Total household savings per month - 1k +Total (current) LISA - 4k +Investments - 2k in HL portfolio plus +Current savings - £20k + +Rent - £825 +Energy bills - £90 +Food per month - ~ £120 +Internet - £22 +Council tax - £160 + +We live in Bristol so house prices aren't exactly amazing but unless I'm doing something wrong with my calculations, a mortgage just seems so far off/impossible to reach. Where I live, average house prices are 250-280k and even with a 50k deposit, monthly repayments seem to be more than my current rent. Bear in mind this was just using some calculator on Google that had interest at something like 4%. + +I may be missing something with repayments or some other fees as I am completely new to buying a house. We are getting married in September and intend to talk to brokers/advisers after but was just looking for advice from anyone who may have some experience with mortgages. + +Have I miss some calculations or is the picture really this grim? + +Please let me know if there is any further info I can give that may help. +I politely suggested the bank was discriminating against me due to my disability & boy did they come to the party quick! + +I sent this email at 1am & less than 8hrs later we were sent new loan documents with every one of our requests met. + +I’m not saying they agreed with me but it was either more hassle than it was worth or… + +Saved ourselves near $1000 a month in mortgage repayments (yes I know longer term means more interest but I’m not expected to live that long & hubby will get a large life insurance payout when I die) + +NB: email text edited to remove identifiers. + +Hi, +I have just stumbled upon (REDACTED insert decorative name for a complaints team) whilst trying to research the banks policies regarding accessibility and discrimination. + +Whilst we have raised our issue with our current Home Lending Executive - who has amazing customer service skills and is very approachable - I feel your department may still be better suited to managing this given we came across the same issue last year at another branch. + +It is our view that current policies around lending terms are discriminatory against disabled persons as defined in the Disability Discrimination Act (1992) by providing goods & services on less favourable terms and conditions, & or in an unfair manner. + +Please bear in mind I make this statement broadly & without access to your lending criteria / guidelines, however I do note that the lack of transparency in this area and the absence of a discrimination policy being available to customers, combined with my own experience on multiple occasions across two seperate products & branches does seem to support my claim. + +Put briefly my main concerns are: +* The banks requirement for ‘Proof of adequate Life Insurance Policy’ +* The reduced maximum limit of years available to us under home loan products; and +* The absence of category / system recognition of my income type + +Our basic customer details for lending purposes are: + +(REDACTED husbands personal info though in his early 30’s) +Full-time Employed Retail Management with current company for 7+ years on $95,000+ net +Centrelink Carers Allowance + +(REDACTED my personal info though in my mid 30’s) +Officially Medically Retired from full-time employment in January 2019 and Classified as Totally & Permanently Disabled (TPD) for insurance and superannuation purposes. +Have been receiving Income Protection (IP) consistently as my wage source since late 2016 with the insured terms covering me until I am 60 years old due to meeting all TPD criteria. +In addition to this I have had my full super released, received a lump sum insurance payment for TPD, and still hold a unrestricted life insurance policy in addition to this. + +No other debt outside of our products with your bank. No children / dependents. 82% LVR + +It has been made clear to us in emails from your bank that: +* I was required to show proof of adequate life insurance for myself due to my cancer diagnosis +* A limit to the loan term available to us of a maximum 23 years has been applied due to my income only being guaranteed until I’m 60 years old +* That in your systems there are no categories available to appropriately record my income source, with the closest options being either ‘Workers Compensation’ or ‘Disability Pension’ - the later of which has been applied. + +I put to you a few thoughts to consider regarding these issues: +* Whilst I personally believe it is a responsible lending practise to ensure customers have appropriate life & TPD insurance to service their portion of a loan… is the bank applying this condition to customers in an equitable manner? +* If a loans maximum term is dependent on the length an applicants income is guaranteed for, then what is the definition of guaranteed income? Is this condition applicable to every customer or only only applied to certain income criteria or customer circumstances? Is this fair and equitable? +* Is the banks failure to recognise Income Protection as a source of income inherently discriminatory towards a vulnerable community? Does mis-applying the income category type as ‘Workers Compensation’ or ‘Disability Pension’ disadvantage a customer by applying an inaccurate risk profile? + +In a direct comparison of customer service it seems my able-bodied healthy husband has more favourable terms and conditions and a greater product range available to him as an applicant than I do. The advantages of which in this instant though he is unfortunately unable to enjoy due to his association to me. + +I would love the opportunity to discuss these issues further. Please feel free to contact me via email or on my mobile (REDACTED) + +Thank you for your time & patience with the above. +EDIT 3: Since numerous people keep asking, this is how I was able to resolve it: +- I spoke with 3 different reps about cancelling my order. The first said they couldn't cancel orders and that I must wait for the product to arrive then schedule a return. +- I reached out again and the second rep confirmed they are able to cancel, but would charge a 15% restocking fee. After I politely informed the rep that I did not believe I should be charged this fee, I was transferred to a third rep. +- This rep essentially repeated what the second rep said, and I politely asked for my case to be escalated. +- A manager reached out to hear my case. I explained everything calmly and he agreed that the restocking fee didn't make sense in my case. He double checked my order and confirmed it hadn't processed yet, and no product had moved. He stated they would process the cancellation as normal. +- I received an email shortly after confirming the cancellation. The refund was posted to my Credit Card, and no restocking fee was charged. + +**EDIT 2: I appreciate the continued support and advice hours later, but I’ve successfully remedied the situation. All good here. Thanks!!** + +EDIT: I was polite yet persistent and was able to get my order cancelled without a fee. I’ll definitely do my research in the future before ordering from a new place. Thanks to everyone for the advice! + +I ordered a TV on Dell’s website and decided against it an hour later. I contacted them about cancelling an order and a rep stated that I will be charged a 15% restocking fee, or about $100. + +When I asked for a link to this policy, they referred me to their return policy. I stated that I am not returning anything because I don’t have the product, merely cancelling an order. But they refuse to not charge the “restocking” fee. + +Is there anything I can do in this scenario? It feels like a scam to make some money off of cancelled orders. I should add the order is still “processing” so they’ve essentially done nothing with the actual order so far, yet need to charge to “restock” it. +So basically I'm wondering what's the best way for my mom to buy a 2nd house for me and my girlfriend to move into, she has equity in our 1st hone should she use that to then buy a 2nd home or is their a better way for her and us to go about this. This is in New York so prices are a bit crazy. What steps should we take in planning all this. She is willing to help any way possible since we have a good relationship plus renting would throw money away and prices don't seem like their gonna go down any time soon +I haven't DRSed any of my GME shares because I have fell victim to that bystander effect, and I'm CERTAIN that I am not alone and definitely not in the minority.... We have the power to end this if people like me break the cycle. + +I will be doing my part once and for all, because I just fucking like the stock. +Hey Gang, +I've got about 20k in my TFSA and I would like to use it to generate some beer and pizza money with covered calls. I'm looking at either AMD or BB. I can't do PMCCs with my broker (RBC). + +Can anyone suggest why I should pick one over the other? Is there another ticker I should look at? + +AMD costs $156 and the $160C(%2.5 out) goes for ~$3.00. Yields about %1.9 per week + +BB costs $10.70 and the $11C(%2.8 out) goes for ~$0.29. Yields about %2.7 + +Also AMD has gone up a lot lately so kinda worried about a pull back in price. +BB kinda just ranging between 9.5-11.5. + +Any reasons I should choose 1 over the other? + +I'm leaning towards BB cuz the premiums seem a bit juicier based on my quick math. + +Help me decide! + Is anyone else doing this? Sometimes I feel like I’m the only one going through things like this. I am college educated and have worked at some really great companies but then Covid happened. This life situation I find myself in has me wanting to end my life. I can’t even look people in the face because I am not confident anymore. +\*\*Warning: This is a very risky play, trade at your own risk\*\* + +Hello, All! + +If you are not familiar with this saga, feel free to catch up: + +[First Mention](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/) + +[Short Squeeze Explanation and Initial Thoughts](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/) + +[Timeline and Predictions Around Earnings](https://www.reddit.com/r/stocks/comments/kaa2qh/gme_either_squeezes_or_gets_delisted_who_will_win/) + +[GME Short Squeeze What Comes Next Part 1](https://www.reddit.com/r/stocks/comments/laln2m/gme_short_squeeze_what_comes_next/) + +[GME Short Squeeze What Comes Next Part 2](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/) + +[GME Short Squeeze What Comes Next Part 3](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/) + +[GME Short Squeeze What Comes Next Part 4 (Micro Update)](https://www.reddit.com/user/hooman_or_whatever/comments/lm92zw/gme_short_squeeze_what_comes_next_part_4_micro/) + +[GME Short Squeeze What Comes Next Part 4](https://www.reddit.com/r/stocks/comments/lrxbvv/gme_short_squeeze_what_comes_next_part_4/) + +[GME Short Squeeze What Comes Next Part 5](https://www.reddit.com/r/stocks/comments/lsq77k/gme_short_squeeze_what_comes_next_part_5/got0r0z?utm_source=share&utm_medium=web2x&context=3) + +**Has the Squeeze Been Sqoze? Absolutely not** + +**Will the squeeze be sqoze? Potentially** + +**Strap in. This is going to be exhaustively long, but I have a lot to say.** + +**Please** see my other work. I'm not here to convince anyone of anything. I am not a shill, I am not here for confirmation bias, I am a pragmatic, neutral party. Anyone who calls me a shill in the comments certainly cannot read and did not do their proper DD on **me.** If you read my previous works dating back 3 months ago you will see how terrifyingly accurate I have been thus far. Even in Part 5 I nearly perfectly predicted all of Friday's entire movements. + +**Note:** That does not mean I will remain accurate for the entire duration of this saga. I also am not saying all of this to flex, it's because I am tired of being called a shill when I was the original predictors of this squeeze and have since provided logical thought that has been proven accurate. This doesn't mean you should take what I am saying as truth, but it does mean that if it doesn't align with your thoughts you should probably put down the kool-aid, loosen up the tin-foil hat, and listen to someone else's opinion so you can make the best decisions for yourself. + +I am not a financial advisor, in fact, this isn't even advice. It is simply my analysis of the situation as it has always been. One thing you will find different with my work than others is my research is changing as the landscape changes. If people are still screaming about the original tactic and not acknowledging the new landscape we are in, please be very cautious of making financial decisions based on what these people have to say. + +**I also want to make it crystal clear that I think the squeeze has not been sqoze, however, the landscape is very different now.** + +Finally, any PT’s including support and resistance are beyond difficult to predict. Please do not take these as certain numbers. It’s the guess right now and that very well could change as soon as the market opens Monday. + +# So What Happened Friday? + +For the sake of this not being an entire novel, I encourage you to read Part 5 as I think that prediction is precisely what happened. To summarize, we saw a bulltrap open us up in the morning and we ran to the 135 resistant point, volume wasn't enough and we tested in twice before people realized we would not be able to break through, that's when selling and more shorting occurred. The price dipped down to around 88. Now, I didn't mention this in the DD but I did mention it in the comments section that I expect interesting price action around 2pm. Why? Because of the call options expiring ITM. + +I think these shares were already covered. I know we expect a higher price increase, but why? Where is the math to back that the price should go higher during these covering sessions? + +Total Options That Expired On 02/26 ITM: **22,713** [Data from here](https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows) + +This would equate to **2,271,300** shares + +At **13:02** the price fell to **\~86,** this was the bottom before the upswing at the end of the day. By **13:07** there was a volume of over **20,000,000** in the buying direction. + +Not 5 minutes after we found the bottom for the day there was nearly 9x the amount of volume required for every single one of these options to be covered. + +At **13:07** alone there was a positive net change in volume of **17,656,000** nearly 8x the amount of volume required for every single one of these options to be covered...within 1 minute. + +The rest of the day continued to uptrend where we saw the price rise back to **\~121**. Then it began falling off again, as did volume. + +Now, ask yourself...why would this be the case? Because none of the price increase at the end of the day was organic purchasing, this was the ITM calls being covered. + +*At this point I'm sure you're ready to stop reading and call me a shill, but I encourage you to carry on so we may understand what comes next. This may not fit your narrative, and that's ok. A squeeze is possible, it might just be time to think that it won't be happening quite the way you imagined.* + +# Before we move on to what comes next, let's play with a few more numbers and talk about this idea of holding. + +For some reason, people still believe that holding your shares is preventing HF's from covering. I cannot express how untrue this sentiment is. Holding is a valid play, but it absolutely **should not** be an attempt from keeping your shares from being bought by shorts. A 5 second look at any chart could show you there is **more than enough** sell volume for shorts to get their shares elsewhere if you are not willing to part with them. + +Let's take the largest post on r/gme as an example. + +The top post of all time received **59,600** upvotes. According to the comments most people are actually holding only about 1-10 shares each. But for the sake of the argument let's get ridiculous and say every one of those upvotes has someone who owns **100** shares of GME. Let's also assume every single one of these shares have been restricted from being borrowed to really screw these guys. + +That's a total of **5,960,000** shares that are being tucked away so HF's can't get their grubby little paws on them. On Friday alone, **91,960,000** shares were exchanged. So even in the most ridiculous of circumstances there were plenty of other sellers for shorts to purchase their shares back from. + +Holding is certainly a valid play, but there are two things holding certainly does not do: + +1. It does not increase the price of a stock +2. It does not prevent HF's from covering + +If you are holding solely because of these two reasons, then you are playing this wrong. There are three reasons to actually hold: + +1. You absolutely do not want to sell at a loss and you believe the short squeeze is imminent, so you are patiently waiting for it to occur. +2. You are already positioned extremely well like DFV who has a cost basis of 26.7896 +3. You are long on the company and the squeeze is just icing on the cake, you can shut off your computer for a year with no concern and come back to know that you are profitable. + +**If you don't believe me, then please examine the evidence.** + +When you purchase a stock the price goes up, when you sell a stock the price goes down. So what happened when RH restricted trading? The price plummeted. Why? Because holding and selling were the only options. + +Let's play another absurd game and pretend that 100% of shareholders held when trading was restricted. The price would have gone completely sideways, it would not have gone up or down. + +But let's be realistic, that will never happen. Even if retail traders decided to hold, institutions certainly are not running around screaming that they are diamond handed apes who would rather go bankrupt before giving their shares up. No, no. They are going to take their profits and they will do so at your expense. You call them allies which they are not, they are here for profits as we all are and they will gladly sell with 100% gains while everyone else is waiting for 10,000% gains. + +I want to pause for a moment in this DD and take a moment to point something out. Even though I'm not trying to convince anyone to sell, I have been called all sorts of names as though I'm evil for offering my opinion and analysis of the situation. But let's be absolutely clear. **You are the ones peer pressuring people into holding. You are the ones trying to convince people of your narrative. You are the ones who will be responsible when someone takes their life if this does not go the way you hope.** + +If you have made it this far, congratulations, I would love to have a discussion regarding the "hold" play and how people could argue this is a viable tactic for any of the reasons not outlined above. + +# My Thesis + +My thesis remains the same, **the shorts want a short squeeze.** Yes, this sounds absolutely absurd but they are already making a fortune off of this. They need to as most of them lost a lot of money on the first round. They are reporting their losses publicly...but they have not disclosed their gains. + +I think they are intentionally opening unfavorable short positions in order to trigger a squeeze. They open and immediately begin to cover creating the much needed buying pressure that triggers FOMO and market purchasing as well. This allows the price to soar and they absolutely do not intervene. + +Once it reaches a massive sell wall or what they think is the peak, they begin shorting on the way down, opening new, extremely favorable positions. The gains from these new positions offset their losses from the unfavorable ones...by a lot. + +Institutional traders are not stupid, they see this is happening and also capitalize on it adding to the buying pressure at the beginning of a squeeze. They ride it up and they are part of the massive sell walls. As I mentioned before they are more than happy with their 100% gains in a day and have no intent on diamond handing this into the Earth. + +So institutions ride it up, sell at the top, where shorts begin opening new positions on the way back down. They then short just enough positions at the bottom so that this could be triggered yet again. Rinse and repeat. + +I think the idea of the [Interstellar Yo-Yo](https://www.reddit.com/r/wallstreetbets/comments/le6v6v/the_interstellar_yoyo/) was very close to being accurate except it was missing one key component, "Snidely" in the story is *intentionally* doing this. + +A circumstance like GME will never happen again, when this is all over there will be new regulations in place that don't allow these kinds of things to happen. Institutions and HF's would be out of their mind to not profit on this for as long as they can. + +So my thesis is suggesting that there will not be one massive short squeeze but instead a series of squeezes before this thing finally runs out of gas or is regulated into the ground. + +**Let's think about that for a moment.** + +If your original PT on GME was $1000, you are already almost there. + +The first squeeze took the price from \~$12 to \~$500, \~$488 increase. + +The second squeeze took the price from \~$40 to $200, \~$160 increase. + +So, already GME has increased around $648. You are now only a $352 increase away from your $1000 PT. + +**Is a massive short squeeze still possible?** + +**Yes.** However, so much of the DD floating around is all talking about *possibility* but we as investors don't care about that. We care about *probability.* + +So what is the probability of a massive short squeeze? Well, there would need to be a significant catalyst like we had on the first go around such as Cohen joining the board. I think there are still several catalysts which I outline in [GME Short Squeeze What Comes Next Part 3](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/). There could very well be new catalysts that I have not mentioned since that post, such as Cohen getting appointed CEO as I have learned many believe based on his Tweet. + +Let's talk numbers. + +There are two very important numbers that need to be broken for a massive squeeze to be possible. + +$170 - This is the upper limit of the downward channel and if this is broken not only does it indicate a trend reversal and potential massive bounce, but there is little to no resistance to take us to the next important number. + +$200 - This is a MASSIVE sell wall. Why? Well, I think this is where a significant amount of shorts are positioned. Probably not right at $200, they probably shorted \~$205 but absolutely do not want anyone to break through that wall. + +If this sell wall falls, it could prove to be an incredibly massive squeeze *however* it would need to rise a decent amount beyond the $200 wall and maintain that price point to force shorts under for a long enough time period. + +If this happens, it will begin a domino effect of the well positioned shorts chasing them all the way up to the shorts who entered over $400. At this point, FOMO + shorts covering could certainly drive the price well over $1000. + +**But what is the** ***probability*** **that this will happen?** + +Without a catalyst or an enormous amount of volume. + +Let's consider the first squeeze and volume for reference. + +**Jan 22nd:** This was the highest volume at **197,157,900,** the high was 76.76 and the low was 42.32 + +Absolutely insane volume, but it didn't move the price all that much (I mean at least in comparison to other days) + +**Jan 25th:** Volume **177,874,000 H:**159.18 **L:** 61.13 + +**Jan 26th:** Volume **178,588,000 H:**150.00 **L:** 80.20 + +**Jan 27th:** Volume **93,396,700 H:** 380.00 **L:** 249.00 + +**Jan 28th:** Volume **58,815,800 H:** 483.00 **L:** 112.25 + +**Jan 29th:** Volume **50,259,200 H:** 413.98 **L:** 250.00 + + +See the pattern? + +**25th:** 177M volume to nearly triple the price (160%) + +**26th:** Even more volume to only double the price (87%) + +**27th:** Half the volume for a 52% increase + +The volume decrease is directly proportionate the the price increasing/decreasing, with the exception of beyond the 28th as trading was restricted. These first two days were crucial to triggering the squeeze. + +The 28th and beyond trading was restricted, but if everyone could only sell or hold, why wouldn't the price immediately fall? How could there still be support? This was shorts covering. Between just those two days there was \~109,000,000 shares exchanged where nearly everyone could only sell. A *perfect* time for shorts to cover. + +**But I thought when shorts cover the price is suppose to go up?** + +Absolutely...if trading wasn't restricted. Because virtually everyone could only sell, this means that almost all of the shares that were exchanged during these days was purchased by shorts and sold by panic sellers escaping the trading restriction FUD. + +So, as strange as it seems, I think the price going up was *some* shorts covering but for the most part, I think they covered while the price was falling. I know this *seems* counter-intuitive, but regardless of the amount of shares that needed to be covered, the amount of selling was able to drive the price down *while* they covered. Again, think about how there possibly could have been any sort of support while trading was restricted, *someone* was buying massive amounts of shares as the price fell...and it wasn't us. + +**So, Hooman, if you think they covered already then why do you think a squeeze is still possible?** + +Because of my thesis, entirely new shorts opened entirely new positions. Perhaps some of the old HF's also did to try to recoup some losses. Last week we *almost* forced this to happen all over again, but a TON of new shorts opened positions and the sell wall at $200 prevented us from tipping that very important, very first domino. This isn't the same landscape we were in where shorts were poorly positioned at very low numbers and we were able to catch them with their pants down, this is a different situation entirely. + +That situation is *still* squeezable. The question is...how? + +Volume. Volume. Volume. +Sheer and pure buying power. + +We would *need* those first two very important days to happen again and push us past that $200 sell wall AND hold us there in order to force the well positioned shorts to close. We were so damn close but couldn't quite break it. This is precisely why my predictions for Friday were so accurate. + +A catalyst, a whale, large global sentiment again, FOMO; there are A LOT of different ways this is *possible,* but as I mentioned before; we as investors deal with *probable.* + +In one of my original posts, long before this became a meme stonk, I literally used the word **imminent** in the title, that's how sure I was that the data and catalysts were aligned to create this perfect storm. If you now notice, all of my titles are **What Comes Next?** That is because this is the honest truth: literally no one knows. Why? Because third part intervention is now required for this to be possible and global sentiment and FOMO has worn off, more than that a lot of people have been burned and all the people who are still willing to play this stock are already bagholding and no longer have the capital to help with momentum. + +This has gone from a sure thing, **to a straight up gamble.** + +If I had to give it a probability, which I really don't want to do I would have to say 50/50. There is nothing significant pointing to anything that could get us past $200, but it is still *possible* with catalysts and other factors. + +What appears more likely is that this will be a series of squeezes up until it is regulated to death, people get bored, or a catalyst pops the MOASS's. + +But you *can* be certain of one thing: **this will end.** + +It does NOT have to end with a MOASS, but it might. My guess is that if there is no significant catalyst that ignites the MOASS by April, then this will be on pause. The interesting thing is that the *possibility* of a MOASS might never go away, but as time passes the *probability* lessens. + +The reason for my April guess is that is the end of all of my upcoming catalysts that could act as triggers. It is very possible that this thing cools down after that, shorts enter unfavorable positions, and then Cohen makes huge changes that starts this thing all over again a few months later. + +That being said, I think the most *probable* outcome is a series of squeezes that quite frankly, we are just along the ride for. There is no where near enough retail buying power anymore to force anything to happen, we are at the whim of institutions and big players who are deciding what comes next. How are they getting away with this? **You.** So long as the world things that Redditor's are the reason this is happening, they can continue playing. + +# I've Been Asked By Many of You to Examine the DD posted by u/HeyItsPixeL + +[The DD can be found here](https://www.reddit.com/r/GME/comments/ltua0n/endgame_dd_how_last_weeks_actions_all_come/) + +*Disclaimer: Both myself and this author are completely guessing as is everyone else. You should be reading everyones take and drawing your own conclusions.* + +**Overall Impression:** Well done DD. There was a lot of work and effort put into this and the assumptions were data driven. I will say, there is a hint of biased mentality here using the data to fit the author's narrative. From a more objective point of view, this simply could have been shorts shorting. From a less objective point of view, it could fit support my thesis of shorts wanting these microsqueezes. Let't go as chronologically as possible. + +"On February 23rd GME opened at $44.97. Within the first few seconds GME reached its Day High of $46,23. GME also reached its Day Low at 9:50AM. So within 20 minutes after the market opened, GME reached its high and its low for the whole day!" + +"**Conclusion:** Someone got the price down by 10 % within a couple of minutes but the same someone got it instantly back up after that, making it seem, that their solely goal was to get GME on the SSR for the next day while trying to avoid a panic sell off by dropping the price too low. And that is really important now!" + +**My take:** I actually find this quite compelling. Either this was an institution attempting to bait out shorts while preventing a panic sell, or it fits my theory that this was actually a short who wanted a short squeeze. Both ideas are equally nuts, but we live in crazy times. + +"**TL;DR:** Hedgies vs. unknown Institutions (UI). UI set everything up for a gamma squeeze and need the price to close above $50. HF know and don't want that to happen and keep shorting the shit out of GME to keep it below $50. Both sides waiting for the other one to do something. Battle will start shortly before the market closes. Just a theory, no advice, ape hoping for banana 🍌💎🤲" + +**My Take:** I agree. Large institutions are in this and want a squeeze as much as we do. Either that or a whale buyer like Chamath. I also agree with the $50 assumption, as that was a clear battle ground. Where we disagree is I think that last week was in fact, the gamma squeeze. However, we did not have enough volume to continue off of the gamma squeeze and tip the next, more important domino at $200+. + +"On February 25th, there was a short volume of AT LEAST 33,000,000 to 51,000,000 Shares (highest report). " + +**My Take:** Well, first of all I really wish there was a link to this data. But let's go with Fintel's data that shows 33 million short volume on 02/25. If you look at the chart for 02/25 there are two very clear moments where this volume occurred. My guess would be these shorts are positioned between 140-180. This is one of the reasons I have been saying that the **135** resistance is a key point. If this domino can be tipped it will drive us up to the **170 and 200** point, but will we have the volume to break through those gates when we get there? I'm not sure. I mean, I hope so! But I'm not sure. + +**Anything about naked shorting or what the actual short interest is or where the shorts are actually hiding, I'm not even going to touch.** Why? Because it doesn't matter. + +This goes back to my original point, everyone is running around trying to answer the wrong question and prove that the squeeze has not been squozen. But who cares? I think 5 minutes of research can show you there is still an immense amount of short interest in this stock. What we need to be asking is WILL the squeeze be squozen and if so HOW? + +**March 19th:** Including the options chain, XRT data, FTD's, etc. I think this date could in fact act as a catalyst. But that's about it. To me I would just add this to my list of potential catalysts and not think much of it. There is a lot of good information backing this theory, but there is a whole lot more theory backing this theory. In my opinion, this date should just be added to list of potential catalysts that could either A: spark the MOASS or B: It could be the date of another microsqueeze. + +**"MY Conclusion**: The squeeze is inevitable." + +**My take:** Absolutely not inevitable. Certainly possible. + +# Monday Predictions + +Again, this is not including any unforeseen catalysts that could kick this thing off. I can't express that enough. That is why holding is gamble that could really go either way. If something happens whether we see it or not it could send this thing skyrocketing. My predictions for Monday are based on no new catalysts. + +Virtually, I am expecting a repeat of Friday that could end differently. + +**Open:** I am expecting a sharp price increase at open, volume again will a key indicator as to which direction this is going to go. + +I imagine we will struggle at **115** resistance but we can hopefully blow through that, the real test will come at **135** resistance. + + If we reach **135** and blow through it, then this gets very interesting. I see the next resistance points at **150, 155, and then the really important ones of 170 and 200.** I already explained that if we surpass these limits we are setting up nicely for a MOASS. + +If we reach **135** but volume is too low (if you're not sure how to gauge the volume keep an eye on how many times we retest it). If it takes more than two attempts, without a significant volume boost I can't imagine us being able to handle the more difficult resistance points. + +**Shortly after Open:** My guess right now is still before 10:00 (but it could go later in the day if I'm wrong about people covering on Friday) if we have not broken through those early resistance points, I think the slow bleed will begin. + +My bottom PT is somewhere between 60-80. + +Once we hit this mark, it gets difficult to predict. No one understands at all how the market fairly values this stock. The closest I would say would be 40-50 since thats where the greatest support we had was. It is entirely possible we see a bounce from the 60-80 price if shorts use this opportunity to cover, the market see's it as a good point to enter and ride the wave, or if GME is now simply valued at this price due to the management changes that helped kickstart this second wave to begin with. + +After that, it's a blur. This truly is a day to day stock to analyze and sadly I cannot provide this kind of DD every single day. I don't have work Monday so I'm considering live streaming this. + +# So What's Your Play Hooman? + +Now, some of you will call me a shill\_or\_whatever but I simply have a different tactic. You might believe in the MOASS, but I'm not certain I think it's *probable.* So I will be playing these mircosqueezes instead. + +I mentioned in my last post, I have a really nasty wash sale. From what I understand, this is simply for tax purposes but my cost basis is still being increased by $100. IE if I purchase the stock for $80 my cost basis will be adjusted to $180. I'm still unclear on how this works, if someone could clarify in the comments section I would absolutely love to continue playing this stock. I will be spending the rest of today attempting to find this answer on my own time as well, so if I'm not responsive to the comments like I usually am, please understand I am attempting to prepare for this week. + +So...as long as the wash sale isn't an actual reflection of my real price, then I will buy as soon as the market opens. I will wait until we see how we handle resistance and if it looks like we have a shot at winning, **I will buy more there to fight the good fight**. If it looks like there is nowhere near enough volume and my purchase won't make a difference, then that will be my indicator to sell. + +**This part is vital:** If you are SELLING at the resistance points, you are hurting the cause. BUYING at these points is what will break through the wall. But if we make multiple attempts and cannot break through and it starts falling, then you might as well profit. You holding won't change the fact that we couldn't break resistance. **I can't stress this enough**. If you simply sell when we hit resistance, you will be part of the reason the squeeze doesn't happen. So either holding or buying will help push the price up at these targets, but if it is lost no matter what you do, then sell and prepare for another attempt. + +Once it gets below 90 I will start scooping up shares again, averaging down with the price (I do this instead of going all in trying to predict the bottom). + +From there I will wait to see if that second bounce does in fact happen again. If it does, I will sell at whatever I think the top is and then will re-enter just before close. Again, if there is enough volume and it appears there is a chance to break through then I will not sell, I will buy to try to push through that resistance. + +Why would I re-enter just before close? Three reasons: + +1. I'm better positioned and back on board in case the MOASS does trigger +2. I won't have to buy at open if we see the same exact pattern on Tuesday. +3. I am bullish on GME thanks to Cohen and would like to re-open my long position. + +If the same pattern continues Tuesday, I will repeat this play until the pattern stops and I am sitting on A LOT more shares at a MUCH BETTER cost basis. + +**TL;DR:** The squeeze has not been squoze, but it has become closer to 50/50 odds that it will occur. I think its more probable that a series of microsqueezes occur and I will play accordingly. Simply holding does not increase a price, buying does. My play will not only net me profits, but it will increase my buying power significantly. There is no TLDR to justify this post, if you don't feel like reading then you aren't playing with enough money to be concerned and none of this applies to you anyways. Just remember, this will all come to an end at some point and that end is not guaranteed with a squeeze. Happy trading! + +*Disclaimer: I am not a financial advisor, none of this is advice at all. It is my analysis of the situation that I have been following and my interpretation of the data at hand. The only direct advice I have for anyone is you should do what's best for you. I am bullish on GME long term which makes this a lot less risky for me because if I end up with bags (as long as they aren't too heavy) that's perfectly fine with me. Anyone who tries to convince you I am a shill or bot is almost certainly an uneducated investor, I am not even a bear on this situation, but you should always examine the bear case, not blatantly ignore it in search of confirmation bias.* +Previous post- +https://www.reddit.com/r/realestateinvesting/comments/ivyu8d/im_not_a_realtor_and_my_tenant_wants_to_buy_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +The only reason I have even contemplated selling directly to her before putting it in the market was to in fact save in realtor fees which would be at or near 20k. I have questions and maybe you have answers to questions I didn’t think to ask. + +She is trimming to say if the house is worth 380 then just subtract the realtor fees and she will buy it for 360, thus giving her instant 20k equity. I told her that even though I know I will/would have to pay the fees if I put the house on the market, she the buyer would have to pay the 380 to live there. I suggested that we find a price point that we both agree on and potentially split the realtor fees in savings. So meet somewhere in the middle at 370k. + +Her response was that she is doing all of the work!!! Because she has to do all of the contracts?? Also she is saying that she will be writing up the contracts for both of us.. that seems odd. (Red flag). + +I realize that realtors when out on the market have a lot to do as far as listing a house, when putting a house on the market, but what about when they don’t? + +She also wants me to come up with a price I want to sell it at. So many problems. I’m not a realtor and I told her that I can no longer accept her word as truth because now she is the buyer and wants the lowest price and I am a seller and want the highest price putting us in a conflict of interest. + +Also worth noting the market in the area is selling hot and fast, and interest rates are historically low.. so why in the name of anything holy would I agree to give her 5% commission or a 20k discount for a market that has the potential to overbid??? + +1.So my question is what is the process that happens when 2 people agree to a price is a realtor necessary? + +2.What does a realtor do “job wise” when 2 groups come together and agree on a selling point. ( It seems significantly more if they list the house and put it on the market) + +3. What happens when a buyer and a seller come to a price point without a realtor, what happens then? Do you deal with just a mortgage lender? + +4. If a realtor is necessary still what role do they play and potentially what percentage of the deal is deemed appropriate? +Ever buy in bulk to save on the per unit cost? The battle to get your money's worth used to only be whether you would use all of the bulk items you bought. Beware, I've noticed Amazon sellers taking advantage of this assumption and charging more for bulk buying. + +I don't know if they prices will show up the same for everyone, but as an example 1 Qt of oil is $6.47. A 5 Qt jug is $7.69 per Qt. A 3 pack of 5 Qt jugs is 8.02 per Qt. A 6 pack of 1 Qt jugs is $9.85 per Qt. + +<https://www.amazon.com/gp/product/B000KKNBGK/ref=oh_aui_detailpage_o08_s01?ie=UTF8&psc=1> + +<https://www.amazon.com/Pennzoil-550038332-Platinum-5W-20-Synthetic/dp/B00ELHNKB4/ref=pd_bxgy_263_2?_encoding=UTF8&pd_rd_i=B00ELHNKB4&pd_rd_r=5R6P0Z3CPBBJW06NMBNJ&pd_rd_w=KZ8MD&pd_rd_wg=rb1MA&refRID=5R6P0Z3CPBBJW06NMBNJ&th=1> + +<https://www.amazon.com/Pennzoil-550038332-Platinum-5W-20-Synthetic/dp/B00ELHNKC8/ref=pd_bxgy_263_2?_encoding=UTF8&pd_rd_i=B00ELHNKB4&pd_rd_r=5R6P0Z3CPBBJW06NMBNJ&pd_rd_w=KZ8MD&pd_rd_wg=rb1MA&refRID=5R6P0Z3CPBBJW06NMBNJ&th=1> + +<https://www.amazon.com/gp/product/B004SM88OQ/ref=oh_aui_detailpage_o08_s01?ie=UTF8&th=1> + +I've noticed this tactic at local grocery stores too. Be sure to calculate the per unit cost when buying anything these days, folks. + +Edit: Sorry about the notifications, no idea why it happened. Many people I talked to IRL were shocked when I told them about this, so I thought I'd share for the people who don't know that paying more for bulk is becoming a common practice. + +Edit2: This has blown up a bit, with a surprising number comments about toilet paper. I always get the big Charmin pack from Costco. +**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 +I work for a major 3PL company, and the shipping volume has been noticeably smaller since the 3rd quarter of last year. + +Wal-Mart, Costco, Home Depot, and grocery store customers are still shipping about the same, but those probably withstand a recession with a smaller dip in business than most. + +manufacturing, retail, furniture, and other goods that aren’t essentials to living are what have really scaled back the last few months. + +I’ve had many truck drivers and carriers calling begging for loads.; taking less than market rate. There’s just not much to ship right now. 2 years ago there were more loads than truck drivers. Now it’s the opposite. + +I wasn’t in shipping during 2008, but I saw this kind of cut back 5 years ago. My Macy’s distribution center customer told me they were really hurting and sure enough 6 months later they started closing a lot of stores. + +Im not trying to spread fear, but I believe a recession is very real the next few years. Personally, I think it’s because of flat salaries, rising rent/housing costs, out of control property taxes, student loans, etc. + +The 25-35 year old demographic that can’t afford much outside of basic living is a big problem. + +Edit: and sure enough Costco blew away earnings. +I’d love to hear from those of you who currently live in NYC (and are planning to stay there) who are on the path to fatFIRE or meet the definition. + +I’d love to hear how you’re currently living: career, total income, NW, # of kids, which neighborhoods you live in, type of home (#bedrooms/bath, sqft, townhouse vs. condo vs. penthouse vs. brownstone, renting or buying, how much you pay), public or magnet or private or elite private schools, own a car?, how you spend your free time and what you do for fun, etc? Do you love it here and plan to stay? + +We are currently on our way to fatFIRE in NYC, but are looking to learn how others are making it in NYC. + +Thanks! + +EDIT: I would love to have a conversation about this topic (fatFIRE in NYC) from anyone who is willing to contribute rather than focus on schooling. Thanks! +Last week I gave my notice to resign (see post [here](https://www.reddit.com/r/financialindependence/comments/6nylnr/gave_2week_notice_today/)). A lot has happened since then; so here's an update since I promised to document and share my FI/RE journey. + +My employer offered me a significant, 6-figure raise, and allowed me more freedom to structure my teams and to pursue some of my previously proposed agenda in my capacity as an IT executive. + +I took the golden handcuffs. The money is great. Work isn't too terrible. So as of right now I've reset my RE clock for a postponement of 6 months to a year. + +It was a hard decision. While the extra earnings in 6 months to a year could finance many years of expenses in retirement, is it going to be worth the sacrifice of my time? + +Will I regret this decision? I guess I will find out in the next few months. Will be sure to share with you guys. + +I'd be happy to hear any thoughts you may have. + +Edit: as some commenters pointed out, the title should really be RE postponed. +Seriously, I can not tell any work friends yet and my family and close friends do not seem happy for us. In fact most of them seem to be pissed with me. We have saved and done everything right and are planning exit the work-a-day world pretty soon. I just wanted to tell some people who may actually be happy for us. BTW IFA has agreed we have more than enough on projections until 99 life expectancy. +Seeing a lot of chatter all of a sudden. Must be a hive mind thing. I've been ringing this bell literally for months, and I want to clear the air. + +**Here's the deal ... Sears started to squeeze along with GameStop back in January. It wasn't the only one. I suspect that's because, like GameStop, Sears and many others are massively shorted and in probably all the same ways. This is evident in the short volume, SEC FTD reports, and price action in late January/early February.** + +The difference between the Sears and GameStop is that this has been going on with GameStop for years, whereas this has been going on with Sears (and others) for decades. Pretty much since the advent of electronic trading in the 70s, when shorts no longer needed to physically borrow shares, but could instead just locate. + +Everyone keeps talking about the fundamentals of Sears. Bankrupt. About to be dissolved. Nothing of value. Forget dying brick and mortar ... Sears is a dead brick and mortar. Any of this sound familiar? + +So sure, Sears is a shell. But none of that matters. All that matters is the stock market is (suppose to be) a game of balanced ledgers. And if shorts must close, I suspect Sears shares will do something spectacular. + +I've asked this several times over the past couple of months in comments and posts ... but I'll ask it again. If Sears is a dead company and doesn't matter, who is working so hard to consistently short it (check out that borrow fee rate!)? + +https://preview.redd.it/8mslv7c8g3l71.png?width=1224&format=png&auto=webp&s=16db866c721a8ecd71aaad6c820b9326fbbe742d + +[Yesterday's action ... that's about $150K in short volume ... who is bothering with this, and why?](https://preview.redd.it/3pztc3s8g3l71.png?width=1028&format=png&auto=webp&s=53876e588197e8b59a1fb6ab7588eff61542487e) + +Here are a couple (okay, more than a couple) of links with more of my thoughts about the situation surrounding Sears, the GME connection, and what I think is really going on with this market. Sorry for this post to being all links, but I've spent hundreds of hours and tens of thousands of words on this topic over the past few months, much of which has never really been seen. Shillbots like me. Strike that. They love me. I sometimes wish I could see all my down votes as a single number. I often feel like I must be the most controversial poster on Reddit, all because of $GME. + +You may have already seen some of these. If so, keep digging. I've organized these to tell the story as I've watched it unfold. I hope you like red pills and going down rabbit holes: + +[https://www.reddit.com/r/Superstonk/comments/pfb50u/scared\_of\_the\_everything\_squeeze\_just\_turn\_off/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pfb50u/scared_of_the_everything_squeeze_just_turn_off/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oyw840/something\_about\_sears/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oyw840/something_about_sears/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ndfn0t/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndfn0t/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/nwozc6/gamestop\_and\_its\_connection\_to\_843\_short\_interest/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nwozc6/gamestop_and_its_connection_to_843_short_interest/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/perwpj/ryan\_cohen\_eddie\_lampert\_patrick\_byrne\_dan/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/perwpj/ryan_cohen_eddie_lampert_patrick_byrne_dan/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/nvfwtd/is\_rsuperstonk\_stealth\_deleting\_content\_mods\_know/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nvfwtd/is_rsuperstonk_stealth_deleting_content_mods_know/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/o6ebh0/i\_have\_been\_closely\_monitoring\_robinhoods/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o6ebh0/i_have_been_closely_monitoring_robinhoods/?utm_source=share&utm_medium=web2x&context=3) + +[https://bit.ly/3mX7l5q](https://bit.ly/3mX7l5q) + +[https://www.reddit.com/r/Superstonk/comments/nll8qr/this\_is\_what\_panicked\_shortcovering\_looks\_like/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nll8qr/this_is_what_panicked_shortcovering_looks_like/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oz0aw5/paging\_ftds\_you\_have\_a\_call\_at\_the\_front\_desk/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oz0aw5/paging_ftds_you_have_a_call_at_the_front_desk/?utm_source=share&utm_medium=web2x&context=3) + +**Edit #1: I'm not the only ape on the case. This post is worth a look:** [https://www.reddit.com/r/Superstonk/comments/pgt7kz/okay\_this\_could\_be\_literally\_nothing\_but\_i\_found/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pgt7kz/okay_this_could_be_literally_nothing_but_i_found/?utm_source=share&utm_medium=web2x&context=3) + +Edit #2: Changed "zero sum" to "balanced ledgers." +I’m a bachelor student in Belgium graduating next year and an eu resident just here to internalise the expertise of the many professionals in here and get to know a few people! + +I’ve got an account at InteractiveBrokers but I don’t have the liquidity to even begin trading ($2kUSD). + +So to not waste your time, let me pose my first question, can someone clarify interactive broker’s requirements for me? I’m supposed to have 2K to do anything at all? And it’s just that simple? Or am I doing something wrong? I just find account management at interactive brokers to be so clunky and unclear. :) + +Edit: I’m also in r/options. +Video about this issue: +www.youtube.com/watch?v=iYgeYXoNsLU + +Elon Musk pledged that he was going to buy $10M of $2.5B worth of shares which TSLA offered last week. Still, not that many CEOs would buy that many shares at secondary offering prices. That shows his confidence in the company and stock even at these prices. + +Elon bought shares as a part of the $2B capital raise. Elon always buys when there's a capital raise because he wants to make it clear that he will not sell to investors what he would not buy himself. Elon has consistently done this from the early seed round funding for Tesla. He did this even in the depths of the 2008 financial crisis when he went net negative on his net worth to save Tesla from bankruptcy. +Looking for an ETF to put my emergency fund / cash into, one that would not be impacted much by a downturn. Of course, I’m not expecting high returns, but something a little better than what a bank would typically give in a savings account. +Newbie here I informed myself a lot on YouTube but still am confused . How does it really work? Is it like you invest once in one etf and then wait till the value goes up or do you invest monthly or weekly in an etf ?? +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) +Hi, + +Bit of an odd post than usual. As of late I keep judging people by how much money they earn. Sometimes what car they are driving. This wasn't always the case. In fact I come from a poor background, most of my life I was either a poor student, on minimum wage or unemployed. During these times I felt it easier to sympathize with people and more humble about what I do have and didn't look down on people. Now that I have financial security and looking to even FIRE, I do nothing more than keep counting the money and how much others do or don't. + +Weirdly, 2020 has been a great year for me I landed a great job and earning more money than ever. Ever since I've accumulated this amount of wealth I can't help but feel like I want more and more. I always felt like I'd be content on this wage but now that I'm on it, I'm not. I just want more - even though it's unrealistic. +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) + +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. +I'm really scared. I've been close to poverty during most of my life so far (I'm 28). I live in a shithole country that pays shit. I started my GME journey back in march with a measly $60 when it was $280 per share, and then another $60 when it was $260...Since then I've put any available money I could. Now I'm holding steady with with just X shares. + +I'm afraid of what life will bring me once GME makes me wealthy, I'm afraid I won't know what to do. I've never held more than $600 in my bank account ever. + +Please hold me. + + +Edit: I just want to say that I was not expecting this amount of overwhelming support. Thank you everyone for your great comments, suggestions and ideas. I can't reply to all of you but I'm trying to read every single comment. We hodl together! +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! + +First off, I've learned so much from this sub, and just wanted to say thank you to this awesome community! + +I've been saving and investing diligently for a while now, always thinking that FatFIRE was many years away. I recently did an audit of my assets / rate-of-change and realized that it's maybe not that far off anymore (5+ years). Turns out this compounding thing works. + +My situation: low 40s, $5M NW, $1.2M HHI, VHCOL (bay area), tech couple with 1 child, own home in top school district, though will probably move elsewhere in bay area after kid goes to college (and shift $1M from home equity to more liquid investments) + +I really struggle to decide on a "number" (target fatFIRE NW) though. Originally, I was thinking house fully paid off + $5M invested (not incl home equity), so NW around $8M, but it's so hard to predict what our spending will be like in the distant future, and I worry about future unknowns like if one of us gets sick or something else catastrophic happens. + +Obviously, it's a personal decision and everyone has different risk/reward profiles, but I'm just curious to hear how other people decided on their number, and what factors you took into consideration. Thanks so much! +Hey everyone! +I've been studying for almost two years now how to trade Forex and the stock market and I've been trading with a paper account for a year now, but I'm nowhere near profitable, sometimes I wonder if its even possible for retail traders to make a living trading from home only with metatrader. + +Anyway, my mom knows I'm into this stuff, and today she called me to tell me that a friend of hers invited her and other friends to meet a guy that's selling a program that gives 20% return each month, and he's selling it for $350 usd. I live in Mexico and trust me when I tell you that $350 is a lot, in fact 90% of the population in Mexico makes less than $500 a month, yup, that's life in Mexico. + +So, intermediately that raised my suspicions and I told her that I'm going with her to meet this guy and see what is this all about. + +Like I said, I'm only two years into trading, and I have absolutely no programming skills, so I don't know if this is actually real or not. + +What do you guys think? Scam? + +What questions should I make to this guy to know if its real or a scam? +This is not a "please help me plan" post, it's a "don't let this happen to you" post. + +I used to be good with money, saving what I could, tracking everything to the nearest dollar, not indulging too much. Then I got a credit card. + +Slowly I started to use the card for more than gas. "I'll pay it off fully," I told myself. And I did for over a year. I believed I could transition over to using the card all the time... and things went ok actually. + +I stopped being vigilant about money. Amazon packages every other day. Expensive specialty toys for the work shop. And then I just... didn't check my accounts at all. Everything was on auto pay for the most part, and what wasn't could be taken care of in seconds online so I never looked too hard. + +Today my wife and I had a conversation about money, so I took a good hard look. Student loans, car, and credit cards all total 21,000 dollars. Not nearly as much as others, but way more than I thought. Not to mention the house payment. + +I can pay this off, I can become vigilant now as I did before. But please use this as a cautionary tale: making a habit out of treating yourself can lead you to a bad spot. +Do you ever get the feeling that no matter what you do, the market will always move against you? Case in point: My short July 15 FDX 230P. I sold it at 2.68 to hedge my short shares. I didn't want to carry the naked call into the weekend, and had an order at the Open to Cover at 6.75. It didn't fill. So with Friday being the day before a long holiday weekend, the volume is usually light, and stocks tend to stay the course, if down, then they usually stay down because there isn't enough volumne in the afternoon to shift the demand. So we hit 11am FDX was heading lower, I didn't want to catch worse beating so I covered the Call at 11.50 with the stock around 218. Then 20 minutes later stock took a reversal and traded up the remainder of the day to close at 223. The option closed at 7.95ish. I sometimes think as each of us trade on our platform, Think or Swim, Power Etrade, whatever..that all our screens show different information to skew our judgement and decisions based on the positions we hold. Then they all sync up by the end of the day... + +edit, i corrected the 230C to 230P. I should have corrected this after the first person pointed it out, but I tried to reach out individually to those that referenced my typing error in their reply to apologize for the time you wasted in addressing my error. I never considered I've receive so many comments. Thanks again for your advice. +Daycare expenses are around 20k/year, plus maybe another 10-15k/year for other expenses. That means having two children could potentially cost 60-80k/year for the first 5 years and about 40k/year recurring (saving for college) with this back of the envelope calculation. + +So when did you feel comfortable financially to have kids, and how much do you (did you) spend on kids per year? Did having more kids decrease the cost per head? What strategies do you have for people who want to FIRE with kids? + +EDIT: I'm thinking maybe CoastFIRE is the time to have kids? +&#x200B; + +>Not long after the *Times* interviewed Hawking it interviewed Gary Kremen, who founded Match.com. At the time Kremen was 43 years old and worth $10 million. That put him in the top half of 1% in the country, and probably the top 1,000th of 1% in the world. In Silicon Valley, it made him just another guy. “You’re nobody here at $10 million,” he said. The *Times* wrote: “He logs 60- to 80-hour workweeks because he does not think he has nearly enough money to ease up.” +> +> +> +>The point here isn’t to say Hawking has the clarity of a monk or that Kremen was out of touch. Just that all happiness has its roots in expectations. + +[https://www.collaborativefund.com/blog/goalpost/](https://www.collaborativefund.com/blog/goalpost/) + +I just finished reading this blog post by Morgan Housel. It's a great article but the section I quoted above felt particularly insightful. + +It's easy to see so many posts here or on r/fatFIRE about people with millions of dollars and to think "you're nobody" as Kremen said above. I'm posting this to remind myself and help others remind themselves how lucky we are to be on this journey to FI and to get there some day. +FINAL EDIT: it's back to 1 ADA 😄 + +Withdrawing ADA on Binance, until 2 days ago, would "only" cost 1 ADA. + +They increased it to 3 ADA yesterday, and some time between yesterday and today they increased it further to 5 ADA. + +That's a 400% increase in less than 48h. For comparison, transaction fees on Cardano are only 0.17 ADA. + +And yet, after a user from r/cardano enquired about this issue, Binance claimed that the 5 ADA fee "depends on the blockchain and miners" (Miners on Cardano? Am I missing something?). + +Proof: https://ibb.co/5k0MMpq + +EDIT: proof of higher fees https://ibb.co/b6X5zh3 + +This is disgusting. + +They're promoting their BNB coin boasting about their low fees, making other coins like ADA look like much less appealing alternatives. + +For the sake of the free market, and to prevent Binance to pull off any more shady stuff á la Robinhood, please consider complaining to Binance about this. + +Not cool Binance. Not cool. + +EDIT: at the time of writing, the fee is down to 2 ADA (I'm based in UK if it matters). They keep changing it, fuck knows why +So this post is on the front page about 212 not facilitating transfers: https://reddit.com/r/Superstonk/comments/obk7qj/update_on_t212_share_tranfers/ + +So wut do? + +If you’re in the uk there is one thing. It’s called the financial ombudsman service (FOS). It’s great. Banks don’t like it because it gives customers power. Banks will just straight up pay customers, depending on complaint, to avoid dealing with the ombudsman service procedure. + +Now when do banks ever willingly given out money? + +It’s because complaints procedures in finance are regulated. You **have** to deal with them. You have to have a formal complaints procedure. You have to respond to the Financial Ombudsman. You cannot ignore this. This is why banks and the like always try to just deal with complaints ASAP and rather pay out directly than have to bother doing the whole complaints thing. + +The only caveat here is you can only goto the FOS after you have complained to the financial service, and they have responded to your complaint but you aren’t satisfied. You can’t go directly to them in the first instance. + +So What UK apes can do is formally complain to 212 about refusing share transfers after a change in policy made them want to leave the platform. + +212 will eventually respond, likely saying “soz no can do”. But That’s good though. It means you can goto the ombudsman. + +Goto the FOS & They’ll start an investigation. It takes time but they do it. They’ll really start an investigation if they get numerous similar complaints… + +**So** + +Do this. + +Complain to 212 using this email - **info@trading212.com** + +Make sure you include the following: + + complaint sent by the client shall include: + +- the client’s name and surname; +- the client’s username; +- the date on which the issue arose; +- the affected transaction numbers, if applicable; and +- a clear and logical description of the issue. + +Every 212 user should do this. + +When they respond and say no, goto the Ombudsman and fill out their form here - https://www.financial-ombudsman.org.uk/consumers/how-to-complain + +Ideally they fix their shit, but if they don’t then every 212 user goes to the UK FOS, it will cause a shit show for their compliance team & forces them to, you know, let people transfer their own fucking assets. + +This is the way. It may take time, but it will annoy the fuck out of them & will lead to them changing this policy, one way or another. + +*Source worked in uk banking.* +I am purchasing a duplex soon to househack and am concerned about the eviction moratorium. + +I will be using a loan to buy the duplex. + +If the tenant stops paying what options would I have since eviction would not be possible? +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 18 4:00PM:** + +Ending around 141.04, down 10.94%. Bit of a rally that kicked us up, allowing us to end around 140. + +See you all tomorrow! + +**Edit 17 3:41PM:** + +The apex of the wedge forms around Friday now. I've adjusted it. + +https://preview.redd.it/ijpt86uupss61.png?width=2129&format=png&auto=webp&s=a452007564a0a3d0b3998ca47533e2cdbe132c10 + +**Edit 16 3:35PM:** + +A crazy push on around 290k volume. We're settling down again and consolidating. Possible bull flag? + +https://preview.redd.it/ukakb55voss61.png?width=2140&format=png&auto=webp&s=6c93c35f20795f07a3ad8899d0d86f4d6f0f3e4c + +**Edit 15 2:59PM:** + +Power hour stream: [https://www.youtube.com/watch?v=bJSDhyH60bU&ab\_channel=WardenElite](https://www.youtube.com/watch?v=bJSDhyH60bU&ab_channel=WardenElite) + +**Edit 14 2:32PM:** + +If we exclude the 9 million dollar put bar, seems Puts are helping push the price down today. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/8gh4j7qndss61.png?width=2476&format=png&auto=webp&s=e9edcc3f2d6d91f1b797166ea27fa347f9ff765d) + +&#x200B; + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/ckverz8udss61.png?width=2262&format=png&auto=webp&s=6f158348319003b135494db78556a036e65032d1) + +**Edit 13 2:20PM:** + +https://preview.redd.it/a6z79ao1bss61.png?width=800&format=png&auto=webp&s=5469b9223eda38f315da1e1a9e3863340379dc59 + +**Edit 12 12:32AM:** + +Will be back in about an hour, got a quick meeting. I'll be streaming at 3PM during power hour. + +**Edit 11 11:55AM:** + +Funny thing about Calls. During the crash of 1987, people holding some Call options actually saw their options go UP in value. Even though the stock moved against their Calls, the Implied Volatility was so high that they actually made money lmao. + +**Edit 10 11:40AM:** + +As you can see, my Calls are printing negative money ;) + +Broader market taking a pretty heavy hit. Mostly tech stocks. + +&#x200B; + +https://preview.redd.it/006vfrmwirs61.png?width=272&format=png&auto=webp&s=756d7c18707833c7c657e1bb5201845f8f24ed45 + +**Edit 9 11:23AM:** + +TTM Squeeze not quite ready yet for a squeeze signal. IV is edging higher. We can expect to see more sideways trading until the second half of the week. + +https://preview.redd.it/xogm1x7egrs61.png?width=2168&format=png&auto=webp&s=1e560a12a824a0551ec8e43609bdbe1a61305b1d + +Typically, TTM Squeeze, when it gives a buy signal, will have red dots. Right now we see green, and we can possibly see a transition to red in the near term. Red dots happen when the Bollinger bands (grey) move inside the Keltner Channels (black). It's a sign of consolidation and potential energy buildup before a squeeze. + +[Picture from Mastering the Trade by John Carter](https://preview.redd.it/ml9ihedlgrs61.png?width=796&format=png&auto=webp&s=766aab5c2f10d411efdc7763232a0daa99d03094) + +**Edit 8 11:19AM:** + +Expect more sideways trading midday. + +**Edit 7 11:14AM:** + +On stream I went with an upside breakout. We are edging up, but not quite a breakout. + +**Edit 6 10:43AM:** + +Descending wedge, higher probability of a break to the downside, perhaps 132.5. + +https://preview.redd.it/570fa0jp8rs61.png?width=2142&format=png&auto=webp&s=94707c0e74beac0e0782dfad58875a39c206148f + +**Edit 5 10:17AM:** + +9 million worth of Puts sold. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/cskdoeb24rs61.png?width=2449&format=png&auto=webp&s=f4081c2b4752f02066064d4a2283cce3120983b8) + +**Edit 4 10:09AM:** + +Nothing alarming right now. No major red flags. + +**Edit 3 10:08AM:** + +Small mean reversion happening. Bounced at 140.39. + +**Edit 2 9:59AM:** + +Sell volume has picked up. SSR is triggered again. Hard floor of 120, but I don't think we'll hit it. + +https://preview.redd.it/2qlwq1fu0rs61.png?width=2139&format=png&auto=webp&s=1707722375a0accb785571ddbe90a11a417c63a9 + +**Edit 1 9:31AM:** + +<250k first minute candle. Low volume day? + +# Begin Reading Here + +Gooooooood morning my space astronauts! + +Hope everyone had a restful weekend. It's going to be a turbulent few days, so strap in your seatbelts, keep your hands tucked at your sides, and prepare yourself mentally for a rollercoaster of a week. + +I'll be streaming daily as usual: [https://www.youtube.com/watch?v=Oo5nm9tQIRE&ab\_channel=WardenElite](https://www.youtube.com/watch?v=Oo5nm9tQIRE&ab_channel=WardenElite) + +My Monday streams are more focused on lecture. I'll be going over how swing traders setup for a squeeze play, why GME looks like it's near ready for a squeeze, and how to play Call options during a play like this. I'll also go over margin calls, and examine what a margin call could look like by studying Viacom. + +# Premarket Analysis + +As you can see, we are near the support of a wedge that is weeks in the making. + +https://preview.redd.it/iiijn50ntqs61.png?width=2140&format=png&auto=webp&s=cc6459d6ae21b4fda7cb4d13255aa5f9eec3dbb6 + +Seems we are net sideways in the premarket. I wouldn't be surprised if we dip to 155 sometime this morning before a bounce. + +https://preview.redd.it/y5lfuxleuqs61.png?width=2132&format=png&auto=webp&s=bc907146691c6df31559788be604f4444f29f964 +Well, that happened quickly. + +I personally denounce u/WardenElite for his behavior. You don't call this epic community "idiots", you don't try and make money off of us, and you don't write half-assed posts that are clearly FUD when you're in a respected position. + +Let’s clarify the largest thing that many picked up and noted in his most recent post. + +# Stop Order + +Don’t use them, it’s as simple as that. I have no idea what mindset he was in when he was typing that up, but it’s very much talking like a day trader re the use of stop losses. Guess what we don’t do? Day trade, we buy and HODL. + +The mere fact of mentioning using stop orders will exacerbate the issue he is talking about in regards to stop loss hunting. The best way to avoid the situation he describes? Don’t use a stop loss. + +# Limit Order + +The largest negative about limit orders, add liquidity orders among others is execution risk. He mentions this and it’s not wrong. + +I think it’s wise that everyone knows the risk of using a limit order, but not so you don’t use it. Understanding the risk helps us know how to use it but be aware of how to better set the price of a limit order in certain market conditions. + +**Example**: Oh shit it’s moving fast (in either direction), i’ll make sure to set the limit so it’s further away from the spread instead of right next to it which is where the execution risk is the highest. + +# Market Order + +I’m pretty sure I was the first to ask apes to use different order types than just ye old Market Order, so i’ll say that if the market conditions are truly moving too fast as warden pointed out in his post (and really badly FUD like at that….) you could get burned using a limit. + +# Conclusion + +So use them wrinkles, limit orders are the best option, if the market conditions are really that bad, use your judgment as it might be better to use a market order. But with your new knowledge on the execution risk of limit sells, you should be fine in my eyes. + +Don’t use stop orders. + +Not financial advice. + +**Edit:** Just want to say not to continue attacking him. It's all done and dealt with, so let's move on from the drama. He's young, he fucked up, he has now received a life lesson that he hopefully evolve from. + +**Edit:** Been seeing questions pop up re broker limitations, e.g. eTorro. When I get back home I'll add in an update regarding my thoughts on that. + +# Round Two + +Back home (and just finished handmaid's tale season 3 - recommend), sorry for the wait. There have been two themes, the first being broker limitations on order types and the second being Stop-Limit orders. + +# Stop-Limit Orders + +Similar in name to a stop-loss order, but they are different. The main being that stop-loss guarantees execution (trade-off of price slippage, resulting in orders being filled below strike price). + +Better to explain stop-limit through an example: + +><Random Ticker> is at $190, you wanna buy, you place a stop-limit order to buy with a **stop price** of $200 and a **limit price** of $210. If the price goes above the **stop price**, the order is activated and it's now a limit order. If <Random Ticker> gaps up, above the **limit price**, the order will not be filled. + +Flip it around for the sell-side logic. Execution risk again being the main thing to understand. But understanding the risks and how to use various orders is all about adding tools to your arsenal. Know when to use what and in which situation. + +Also, develop that wrinkle further with some [more reading](https://www.investopedia.com/terms/s/stop-limitorder.asp). + +# Brokers + +eTorro is widely being asked regarding their order types, I don't use eTorro so I'm uncomfortable commenting on them directly. But I'll give you some non-financial advice that is generalizable to **every single broker.** + +Identify what order types are available to you, google their definition and understand how each functions. If you feel restricted, sure move brokers (**obviously risky**, given the squeeze feels closer than ever) to a broker that offers more order types. Else you're stuck with what you've got, learn your options, understand them and make/amend an exit plan that includes your newfound knowledge. +I figured that since internships are starting soon for many college students, and I personally don't feel like I have a handle on Excel's full capabilities yet, this would be a useful question for the community. I would also be interested in useful functions on the Bloomberg Terminal or Morningstar Direct. +Bought this property 4 months ago for 115k and around 29k rehab with new value of 205k . I was able to put down 15k(closing fees included) and owed 103k plus rehab for total 133k And there are approx 7500 in closing costs for refinancing so Im getting back 12k or so. + +My monthly profit is around 900 a month or 11k a year approx after maintenance costs. Ive done quite a few this year but haven't had much time to post them. + +Hope some of you can learn something and I'm open to questions. Term sheet below. + +https://imgur.com/gallery/HBIb93G +NOTHING OFFICIAL FROM GAMESTOP HAS BEEN PUT OUT. + +I want to say right off the bat that this is NOT from me, but rather u/kcoryjones. Please give him all credit for finding this! He unfortunately does not have enough karma to post it, so please shower him with awards (if you so choose to) on his [original comment](https://www.reddit.com/r/Superstonk/comments/oko8xc/gme_daily_discussion_july_15_2021/h5b2hpj?utm_source=share&utm_medium=web2x&context=3). + +While checking out the call options, u/kcoryjones received this message: + +[https://i.imgur.com/4h7ibyY\_d.webp?maxwidth=6400](https://i.imgur.com/4h7ibyY_d.webp?maxwidth=6400) + +The language does not make it seem like this is related to a past dividend, and the message only comes up \*after\* August 27th on E-Trade's option analyzer tool. Timeline could be August 28th-September 17th? + +Do we need to get an adult in here to look at this?! + +EDIT: I just received a message from u/fordyoz, who doesn't have enough karma to comment: + +"re dividend: (I have no karma)all you have to do is search gme dividend to find its just a coincidence, and nothing really [GME Next Dividend Date (dividendchannel.com)](https://www.dividendchannel.com/symbol/gme/next-dividend-date/) " + +Could E-Trade just be going based off of that? + +EDIT 2: I am on hold waiting to be transferred to a team to help me with my GME question! + +EDIT 3/Final Update: I finally got through to someone! + +I talked to a woman first, and a man second. The woman told me that she could not answer, and would have to transfer me to their corporate team. + +After 15-20 minutes, the guy came on and was obviously annoyed from the start. He kept deep sighing and saying things like "she should have told you this" and was getting a bit snippy with me, even though I was a perfectly nice ape the entire time 😃 + +Basically, there is no "official" word from Gamestop, so no official dividend is set. I had asked him if there was a reason why that message was posted, and he said that they "may" announce one in the future, but that message could be appearing since their last dividend was in March of 2019 (how the FUCK does that make sense?). I asked why other stocks do/do not have that message, and he couldn't really tell me and just said that Gamestop "might" be announcing one. I apologized for upsetting him and told him to have a better day 😂 + +However, I need to bring this thread to light: + +https://www.reddit.com/r/Superstonk/comments/okzvj3/is_etrade_giving_us_a_timeline_on_when_a_dividend/h5b7yz0?utm_source=share&utm_medium=web2x&context=3 + +Looks like another ape confirmed that only ones WITH dividends coming have this message 👀 + +Sorry I couldn't provide a more solid answer, but I am so fucking jacked to the tits 🚀 + +Last edit for real: Our friend u/DJBD85oh sent me this via chat: https://imgur.com/j8foZc8 + +This is the only date that Disney has. This *might* debunk our theory? +Welcome to the Community Discussion thread of [r/EthTrader](https://www.reddit.com/r/EthTrader/). + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. Donuts are a welcome topic here as is non-donut related discussion. + +[Earn donuts for providing uniswap liquidity on the DONUT-ETH pair](https://cloudflare-ipfs.com/ipfs/QmajDWDWim8r6muJP1DgFysEAiWVYFf5spw9itY5MgX24W): 100k donuts distributed each week. + +[How to register for Donuts](https://www.reddit.com/r/ethtrader/wiki/donuts/how_to_register) + +[Previous Community Discussion](https://www.reddit.com/r/ethtrader/comments/kf251b/daily_discussion/). +The secret of NFTs is out of the bag. Punks are selling for huge prices and Bored Apes are taking over social media. + +So if you want to get involved but don’t know how, what can you do? + +Check out Calypso! + +Calypso is the second token in the Supermoon Lunar System with a focus on NFTs. + +If you haven’t heard of Supermoon (OSM), it had an astronomical launch reaching an ATH of $21 million. + +Now the developers are aiming to revolutionize the NFT market. + +**Here are some of the key features.** + +> The dev team are creating limited edition NFTs that will be sold exclusively on the Calypso market. Holders of these NFTs will have the chance to win BNB prizes. + +> As well as having the chance to earn BNB prizes, as a Calypso holder you’ll earn passive BNB dividends no matter how many tokens you hold. + +> The market is being designed around user experience. It’s being built with a retro theme and promises low fees for sellers. + +> The dev team are fully doxxed with prior Crypto success. This isn’t a project that’s going to get rugged. + +> The market is supported by an exclusive Calypso community. The community already has more than 5k members and is growing by the day. In the community, you’ll be the first to hear Calypso updates and you can also chat directly with the dev team. + +This project has huge goals and a team working hard to achieve them. + +It’s not something you want to miss out on. + +Imagine the chance to buy NFTs that could be worth $1000’s? + +You can get involved today by joining the Telegram group below. + +WhiteList - https://calypso.market/whitelist/ + +Telegram - https://t.me/OfficialCalypso + +The whitelist presale is also open! + +It already has over 3.2k sign-ups in only a few days. + +Join the Telegram group and be the first to hear about Calypso updates. + +Strap in diamond hands, this rocket’s ready for launch. +Despite any market downside, charity doesn't ever stop! + +This coin has a use-case that extends far beyond a bull market. $MAD Token’s team is the perfect combination of skills and experience needed to create a successful crypto charity. They’re already making big moves and disrupting both the charity and crypto spaces. It’s only a matter of time until you’ll be hearing about MAD on the news since they actually are teaming up with real world charities to increase those organizations’ access to crypto donation streams. + +❣️ Low market cap (1.6M!!!!) + +* Fully doxxed team (Harvard and Cambridge-educated charity veterans alongside a manager of a prominent crypto-trading firm) + +❣️ Detailed roadmap and white paper + +* Total transparency (dev wallets listed on website) + +❣️ Smart contract audited by Techrate + +* Direct partnerships with multiple charities with MAD donations (that means the token’s price isn’t affected when they make donations AND 2% transaction fee is shared with all holders!) + +Reasons why you should get in now! + +💕 Coinmarketcap and CoinGecko listings (applications are being processed) + +💞 Native decentralized exchange (MADex hitting the mainnet July!) + +💗 Direct partnerships with some of the world’s biggest and most respected charities + +Plus much more :) + +The team behind this token is constantly working to ensure its success, and this work ethic is visible as they are constantly beating their own timelines and checking things off on the roadmap. This project is going to change the world, and it’s not too late for you to become part of the MAD mission! + +📃 Site/white paper: https://MADToken.org + +💌 Telegram: [https://t.me/madcharitytoken](https://t.me/madcharitytoken) + + Buy on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866 + + +As title suggest, When I turn 18 I will be getting an inheritance from my dad it will be around 225k, I’m almost 18 in 1 month and on track to finish highschool and start college. What’s the best steps for me to let this money grow. I plan on using around 30-50k to pay for my college as well. +I’ve been in and out of the trading game for 5ish years now. Been studying concept after concept, market to market, and strategy to strategy. After all this time I’ve finally become profitable, but I can’t help but ask myself…what now? + +There’s a lot of confusing things I have to grapple with now: taxes, how to live off of trading (with its up and down months), what happens if my consistency goes down, and most importantly I keep asking myself will this be seasonal? Is my success only temporary? + +Everyone focuses on getting that green overall PnL number, but literally no one talks about what comes after. It’s so tunnel visioned that most people are left to their own devices and mess ups after the fact. I’m just curious what those in this sub who are long term profitable do. +Are you a short hedge fund, and you went a little too deep on the world's only video gamer retail specialty shop? Are the banks taking a close look at your balance sheet, and you're worried Marge Simpson is standing by, ready to make that call? + +Don't worry ... there are lots of misvalued Puts on the market for your portfolio padding pleasure! Check out this little ditty: + +[Cheat code sounds like ... beep-bop-boop! You're rich!](https://preview.redd.it/nzcz7regthz61.png?width=2128&format=png&auto=webp&s=93b735d0100cff673f08a183bd0288ded61f53d1) + +This beauty has a current ask of only $.55, which will cost you only $55. Heck, you might even get this close to its theoretical value of $0. After all, the last time this sucker sold, it sold for $.05 (that's only $5 in option pricing). So what's that get you ... well, as you can see from the screengrab above, that small investment lets you add $250 in value to your portfolio. Not bad at all for a Put that's technically worthless, and practically worth nothing. + +I've been posting about this shit for a few weeks now ... when are they going to disable this cheat code? + +For more serious DD and background: + +[https://www.reddit.com/r/Superstonk/comments/n71ae1/more\_bkng\_cheat\_code\_fuckery\_at\_least\_seems\_like/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n71ae1/more_bkng_cheat_code_fuckery_at_least_seems_like/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n5ijpz/is\_someone\_using\_the\_bkng\_cheat\_code\_again/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n5ijpz/is_someone_using_the_bkng_cheat_code_again/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/mz1yr9/is\_it\_possible\_for\_an\_account\_to\_offset\_losses/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mz1yr9/is_it_possible_for_an_account_to_offset_losses/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n782c1/putting\_out\_an\_apb\_on\_mispriced\_otm\_puts/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n782c1/putting_out_an_apb_on_mispriced_otm_puts/?utm_source=share&utm_medium=web2x&context=3) + +None of this is financial advice. Do your own due diligence and make your own investment decisions. + +Edit #1: Just as has happened in the past, once I post about a specific Put and the post gets a little publicity, the Put pricing magically gets corrected. But if past experience in any indication of the future, come tomorrow (or especially on Friday), the carry values will be all fucked up and over-inflated again. + +\*\*\*\*I hope no one tries to buy these $BKNG Puts based on this post ... UNLESS THERE IS AN EPIC MARKET CRASH (Down 40%+), THESE PUTS WILL EXPIRE WORTHLESS!\*\*\*\* + +https://preview.redd.it/0vxhy48pthz61.png?width=2126&format=png&auto=webp&s=cf1261561bd586acf6615f927ba6ba17100b0e01 + +Edit #2: So now I'm seeing comments about me not knowing how options work, and this post should be deleted, etc., etc. ... so let me just put my response to those comments here: + +First ... \*\*\*THERE IS NO MONEY TO BE MADE HERE BECAUSE THESE PUTS ARE WORTHLESS\*\*\*DO NOT BUY THEM\*\*\*THERE IS NOTHING TO BE GAINED AND YOU WILL NOT BE ABLE TO PROFIT FROM THIS MISVALUING\*\*\* + +Second, the carry value of options should be the midway price point between the active bid/ask, as I hae pointed out several times. The problem is I have been consistently seeing (and documenting) carry values of $50+ on Puts that have a last price of $.05 ($5 per contract), and a bid/ask of $0/$.05. These should have a carry value of $2.50 (which is the contract price times 100 ... so a bid/ask of $0/$.05 has a midway of $.025, and should have a carry value of $2.50). + +A few weeks ago I had expired, way out of the money $BKNG puts that had a carry value of $1,000 each right up until the expiration on that Saturday. I have totally documented this in one of my previous posts. The carry value was wrong (based on the bid/ask) ... it should have expired worth about $2.50 in carry value, not $1,000. + +**This is the problem I am trying to highlight. These are the facts ... I raise them to the community only so we can have more people investigating this.** + +Edit #3: There's a lot of "what does this have to do with $GME" chatter ... this connects to GME by way of our friends at Citadel. + +Thanks to u/taimpeng who identified the following (go to page 13 [https://whalewisdom.com/stock/pcln](https://whalewisdom.com/stock/pcln)) + +https://preview.redd.it/5ilon4aythz61.png?width=3142&format=png&auto=webp&s=ab61689cd0c6b42ec7c924d42a4638a25065ab2e + +[Yeah, that top row looks a lot like almost $1Billion \\\\"worth\\\\" of $BKNG Puts for Citadel.](https://preview.redd.it/n1hxvmczthz61.png?width=3140&format=png&auto=webp&s=79f8c187259c17b3caddc261aa51d96515dcadcd) + +**Edit #4: Some major fuckery today (5/12/21). See the details here:** [https://www.reddit.com/r/Superstonk/comments/narm2p/activate\_superduper\_free\_money\_cheat\_code\_may\_12/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/narm2p/activate_superduper_free_money_cheat_code_may_12/?utm_source=share&utm_medium=web2x&context=3) + +Edit #5: The latest post on this cheat code shit: [https://www.reddit.com/r/Superstonk/comments/nbjckf/stress\_tests\_are\_easy\_with\_cheat\_codes\_may\_13/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nbjckf/stress_tests_are_easy_with_cheat_codes_may_13/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit #6: Something new: [https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + + +Hi guys, I am 18, and have invested some money into the stock market during this pandemic. However, investing is something I would like to get into over the long-term an currently my knowledge on picking stocks/index's, and fundamental and research analysis is poor, I typically just pick stocks that are currently in the news for the right or wrong reasons and hope for the best. + +I have also looked over the internet for information but I would like to start from the beginning, and then progress. + +Any recommendations of a course or books I could read which will would help me to learn from the start. + +I know their is many courses out there which are bias, or promote stocks for a quick pump and dump, although id like to learn for the long term. + +&#x200B; + +And also, what would you say is the best platform for investing with low/no commission fees? I use Trading but I would like one with ready made portfolios, for inspiration. + +&#x200B; + +Thanks +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.** +Can we please ban posts that are clearly people just trying to make money? + +Seriously. It's pretty rediculous seeing the number of posts that are litterally just: + +&gt; Hey guys! Here's a service I "found" {Referral Link}. Sign up and do XYZ!" + +or my favorite: + +&gt; Here's my blog for tips on ABC! Tip 1: {Referral Link}, Tip 2: {Referral Link} + +that are allowed here. Soon enough people are going to come here strictly to abuse the subreddit to make more money, rather than doing anything helpful. + +No other finance sub allows this kind of spam, and /r/povertyfinance shouldn't either. + +Edit: Also, all the "Earn Beer Money" referral link threads. + +Edit2: it's interesting to see that many people who want to keep on allowing referral links are those who post referral links in other subs. + +Edit3: So far, seems like [allowing referral codes](https://www.reddit.com/r/povertyfinance/comments/8oup3k/a_merch_by_amazon_update_averaging_an_extra_626/) is winning. Mods if you plan on allowing them, you should NOT be relying on users to do your job for you when they get posted as normal links. +**People all over the WORLD have made the MOASS too big to fail.** + +Think about it, we have 300k diamond handed apes from everywhere just in SuperStonk. You got more over in /r/GME, retards from /r/wallstreetbets and it's many derivatives, /r/finance (whatever they go by), more from /r/stocks, /r/options and even /r/gme_meltdown. This is just on Reddit and I know I missed a bunch. + +Let's look outward. /BIZ/NESSMEN over on 4chan, Ants from Korea, Wallaby's in Australia (I made that up). Who knows where or how many other platforms there are that are carry the same diamond hand philosophy? That share that oh so sweet bias confirming DD? + +If this were a US only problem, much greater levels of fuckery could potentially happen. But it's not.... + + +**At least one foreign government has already included references to what's happening in annual financial reports:** + +https://www.ecb.europa.eu/pub/financial-stability/fsr/html/ecb.fsr202105~757f727fe4.en.html#toc19 + +I did not find that, it was posted yesterday and forgot who OP was. OP also posted a US financial report that contained references as well. ~~Sorry I don't remember your name, but awesome job!~~ Credit: /u/StrifeLover + +I'm sure there are even more to be found, but not everyone is interested in digging through foreign government's annual financial reports looking for mentions. Mass media damn sure isn't going broadcast any real coverage of how fucked the market is right now. + +If news like that got out on even one media outlet, it would cause a cascading panic selloff and launch the MOASS and likely end in economic tragedy. + +**Wen fuckery?** + +There are multiple avenues of fuckery that could be taken, some we can't even imagine. The douchecanoes on wall street have made careers out of screwing over the retail investor, and built firms doing just that. + +One group of them got so good at it, they are now a bonafide market maker and control over 40% of retail trades. Gotta love PFOF (Fuck you very much, Bernie Madoff). + +I firmly believe that there are no real shares left. The only shares that are being sold have already been rehypothecated, and continue to be. Do I have proof? Fuck no. Only people inside the system know for sure. All the DD posted here seems to point to it though. + +Right now, all eyes are on the shorts. Rules and changes in policy written and passed in record time. Updated haircut procedures. Huge changes to collateral requirements. Surprise liquidity tests.... The powers that be know it's coming and they're getting ready. + +The shorts are just going to keep at it until it's impossible to kick the can down the road any further. You technically haven't lost if you break the entire game. When they go down, they want to take everything with them. + +The fuckery is happening now, and it's aimed everywhere. + +**How many banana?** + +All of them. You know why? + +The longs on wall street want it to happen too. Think about it. + +Not that many bananas are going to be leaving wall street. Shuffled around, yes. But still there. + +That money is going to be in the hands of your brokers before it ever gets anywhere close to your bank account. Even then, how much did you plan to reinvest after the MOASS? Were you going to buy the dip afterward? Hello DOMO. + +After a while, it'll start getting transferred to the banks. Then the banks will be flush with cash once again, and this time not from a printer that kept going Brrr. Good news is good. + +Uncle Sam will get his 40% cut, and he is going to need every single bit of it. I would not be at all surprised if the IRS issued special early file requirements for apes that ended up over a certain amount of bananas. + +I really hope they do, I'd be happy to cut that check. I'll hand deliver it in my lambo if they want. + +Bunch of apes that have been broke all their lives will be going out and spending bananas. Charities will thrive and Local business will love it too. + +It's actually an economic rescue plan. + +**The Fate of the Shorts....** + +One angle I haven't seen presented too often is just how bad Citadel, Susquehanna and all the others on the short side of things have fucked up. The rules for every participant on wall street are going to change because they got too greedy. + +It's not just going to put those shorting firms out of business, there will be individual players that get blacklisted from the market entirely. The long Wall Street titans aren't going to take very kindly to the shorts due to it ruining the easy money game for everyone that ever played it. + +They could have ended this shit in January, instead they will end up getting liquidated and absorbed. Then a nice big spanking by the now fewer and bigger players that will continue to remain on Wall Street. + +**Who ends up in jail?** + +Prosecution wise, man that's anyone's call. This is a bit different than 2008, all the big the players were in on that crash. Bank wise, they might all be on this one too. I dunno. + +This time though, there is an identifiable section of wall street that participated. There is an actual group that a finger can be pointed at. People are still pissed about 2008, and some of them ended up in congress. + +There could be some actual incarceration this time. But I'm not gonna hold my breath. + +**TLDR.** + +Buy, HODL, vote. Diamond Hands are world wide. Fuckery is now. Win all the bananas. Shorts gon' get spanked and hopefully incarcerated. +Anyone done one of these? How’d you do it? How much did you save? Any tips? + +Edit: +•to address the question of what this means, I mean no spending on anything beyond essentials. So, nothing beyond bills, rent and groceries. Yes, of course I will pay my bills and buy groceries but I’ll work to clean out my cupboard too. + +•for those of you who seem to think this means I’m bad with money, I use YNAB (youneedabudget: /r/YNAB ) and keep a budget year round. I’m just considering challenging myself to cut it even more. + +•I don’t buy Christmas presents, so that isn’t an issue. I have already budgeted - and paid for (thanks YNAB) - holiday travel. I purchased my tickets months ago. +Happy weekend Apes! + +&#x200B; + +First, go enjoy your weekend. Family, friends, just taking a few hours to yourself... whatever. Go unwind for a day. The Stonk will be here when you get back. + +&#x200B; + +So. To start, you will need to read my post from 3 months ago, where I lay out what I believed was happening to the options chain at the time: + +[https://www.reddit.com/r/Superstonk/comments/tptw6d/theyve\_staggered\_their\_option\_tricks\_need\_eyes\_on/](https://www.reddit.com/r/Superstonk/comments/tptw6d/theyve_staggered_their_option_tricks_need_eyes_on/) + +&#x200B; + +Back in March, I said that the May chain was setting up to rug pull us under $90: [https://imgur.com/g1aZ2OC](https://imgur.com/g1aZ2OC) + +&#x200B; + +"We locked them into the rolling cycle by keeping it above $40 last year... I think this time they are setting it up to try and keep their rolling price under $90. + +The threshold list needs a stock to have over 0.5% of its outstanding shares fail to deliver (for five days) to qualify to be added to the list. For GME, that is around \~381,000... + +There are 3,639 Open Put contracts at the $90 strike for 20 May 2022, or 363,390 shares worth of contracts. + +I'm not entirely sure that the numbers being that close is a Cohencidence..." + +&#x200B; + +Remember that number apes... 363,000 - 381,000.... + +&#x200B; + +And what happened in May, right before my contract date? + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/umtfxv/remember\_when\_i\_told\_you\_last\_month\_this\_was/](https://www.reddit.com/r/Superstonk/comments/umtfxv/remember_when_i_told_you_last_month_this_was/) + +&#x200B; + +It tanked to just under $90 for those Puts to hit ITM... + +&#x200B; + +NOW... + +&#x200B; + +We FINALLY got the end of May FTD report from the SEC... And what does it show for May? + +&#x200B; + +[https://imgur.com/9SZwpUW](https://imgur.com/9SZwpUW) + +&#x200B; + +On May 16, There were exactly 374,889 FTDs on the book... and you only have 5 days to clear them before they hit the Threshold Securities List... + +&#x200B; + +And what was 5 days? May 20th... the contract date of our $90 rugpull worth 363,300 shares in Put options. + +&#x200B; + +On May 11, we closed at $81: [https://imgur.com/EukhNt4](https://imgur.com/EukhNt4) + +T+2 trading days is Friday, May 13th... and on May 16, we see that 374,000 FTD hit the books (almost the exact number of shares of those 363,000 worth of Puts). + +&#x200B; + +That ain't a Cohencidence. I'm way past believing this is all random. + +&#x200B; + +\------- + +&#x200B; + +Fast-forward to the end of the May report... and GME is now sitting at 744,847 shares FTD on May 31, 2022. That is a full 1% of GME shares that failed to deliver, on one day. + +I've checked every date of the NYSE Threshold list, and GME was never added to it... so, supposedly, \~400,000 shares were found and delivered, somewhere between May 27 and June 3. + +(We have to stay over 381,000 outstanding FTDs for 5 days to hit the threshold list. On May 27, there were 523,000 FTDs, so the clock starts on the 27. On the 31st, it blows up to 744,850 FTDs. So they only had until June 3rd to find \~400,000 shares to keep GME off the threshold list.) + +&#x200B; + +I've been telling y'all since the $40 days... we aren't fighting the NYSE... we are fighting the CBOE (options exchange). The CBOE is located in Chicago, and Citadel Advisors only deals in options (ok, ok... like 5% is held in shares... 95% only in options for the semantics). + +&#x200B; + +\------ + +&#x200B; + +On to current day. 7/15/22 is piling up with Puts between the $100-$120 mark. The Put/Call Ratio is still Neutral, at 0.85... but I'm beginning to feel inclined to believe that is simply more due to bullish fomo Call buyers, than the Put activity. There are \~1,300,000 shares up for grabs if the price drops under $100 by the 15th. There are \~500,000 up for grabs at $120 alone. + +&#x200B; + +We don't know what the real-time FTD data looks like, and I highly doubt we get the first half of June on time, so whether they still need these 500,000+ shares is still up for debate (well, I mean technically of course they need them, I'm speaking specifically to needing them to satisfy FTD numbers). + +&#x200B; + +Don't be surprised if we get attacked under $120 in the first half of July, and then see it immediately run back up. Remember, US options can get exercised at any time... it doesn't need to be the actual week of the options expiration. + +I highly doubt we get sub-$100... but you do need to realize there are \~750,000 shares up for grabs on those Put contracts. If they feel desperate enough... \*OR IF THEY SEE ENOUGH Stop Losses\* lined up to start retail accounts auto-selling into a price cliff... THEY WILL DO IT. + +&#x200B; + +I currently believe they are going to hit us sub $120 for at least a day in early July, and that they are going to see how many people are finally in the green and willing to sell to see if they can get it to the $100 mark. I don't think they have the funds (or the balls) to do it themselves; I think they are willing to pay to tank it to $120, and then just hope the market is set-up to slide down to $100 on its own. + +&#x200B; + +\------ + +&#x200B; + +But there it is. FTD proof of them attacking the options chain at the exact timing I thought they would, for the exact amount of shares I thought they would, with the effects being noted in real-time daily delivery numbers on the SEC report. + +&#x200B; + +I've never once labeled a post as DD. I've used the Discussion label all the way back to when Pixel was stealing my research from Other Sub and reposting it to karma farm the apes in the early days. + +&#x200B; + +This one I'm labeling as DD. I've spent over a year watching these feeds and it's worked out to the dollar, to the day, enough times that I'm not "discussing" this anymore. It's happening. And apes need to understand it. +Been psuedo-unemployed all of January (I work a part-time job but hours have been cut because no patients in the hospital). My bank was in the red half the month and I had to beg a friend for money to afford gas to go to interviews. + +Yesterday, received news that I got a part time job of 30 hours, guaranteed, to work as the office manager of a local company. They're paying me $20/hr. I have never been so relieved. Getting my dignity back is the most precious gift of all. +Throwaway account for privacy, but I've been lurking on the subreddit for years. + +My question is: have any of you tried having a personal assistant? If so, how did you arrange this? How much do you pay them? What do you have them do for you? Is it worth it? Or do you end up spending lots of time/attention on managing the assistant? + +For context, my partner and I are both in our early thirties and together make $2M/year and have saved $6M out of our long-term goal of $10M. We love our jobs, but have very little free time outside of work and are highly disorganized (diagnosed with ADHD). +Currently 36M, married with 1 kid. I'm self employed, solo owner of LLC doing \~$500k/yr in revenue at \~20-25% profit. Wife works for BigTech and has had a 7 figure earn out on an acquisition. Current net worth \~$1.2M spread across \~$500k investments, $250k house equity, $200k other assets, and $250k cash. NW will increase to \~$1.5M by end of Q1 next year. + +Here's my question. Wife and I were both raised middle/upper middle class. Comfortable for sure, but nothing fancy. + +My/our goal is at least $5M by the time we retire in our 50s. My stretch goal is $15M and I think we can hit $10M basically on autopilot. + +So here's my question - if you were raised similarly and now are FatFire or well on your way, what mindsets did you have to change / changed as your bank account increased? + +The big one I am seeing in myself is moving from "saving" to thinking more about using money to make money, aka investing outside of "VTSAX and chill". + +https://www.forbes.com/sites/sarahhansen/2021/02/27/house-passes-bidens-19-trillion-stimulus-bill/amp/?utm_campaign=forbes&utm_source=twitter&utm_medium=social&utm_term=Gordie&__twitter_impression=true&s=09 +I came up with this just this week, while I was wondering quietly to myself "How do I eat for four days on eight dollars?" + +Ingredients +Campbells Cheddar cheese (condensed soup) - $1.50 at my store +Taco shells - $1.75 +Lentils - Already in cabinet, probably $2 if you buy 1 lb. +Sriracha paste, or flavor packet from beans, or taco sauce packet from fast food store. Save your flavoring packets. + +Lentils are the pasta of the bean world. Simmer 3 cups water to one cup beans. Cook 12-14 minutes until water is absorbed. Add seasoning and flavor packet you found under your couch halfway though cooking and stir it in. Keep stirring lentils, they tend to stick. + +Campbells Cheddar Cheese (It will have the blue ribbon on it that says great for cooking) is basically unsalted nacho cheese dip. I don't bother salting it because I salt the beans and also I'm an animal that doesn't care about flavor profiles. If you want take half the can and put three pinches of salt in it, stir it up, and see how you like it. + +Bean go in taco. Cheese go on bean. You live another week. + +This produces 7 jumbo tacos out of 2/3 cup of beans. You are left with half your shells, 2/3 a can of cheddar cheese, and most of your beans. + + + + +EDIT: Thank you all for the awards and the offers to bail me out financially. I don't need any money. I could have dug into my savings and eaten steak but I am trying to save my paychecks. Tortilla shells are indeed cheaper than tacos. And lastly I don't have enough recipes to make a cookbook. There's a subreddit for that. r/eatcheapandhealthy +&#x200B; + +https://preview.redd.it/k02mc5nalr871.png?width=1600&format=png&auto=webp&s=a3c5722239db16c51bdf2bbf7f02963b25e6536a + +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/b0pvlzhclr871.png?width=680&format=png&auto=webp&s=06012c83ef71935dbc96b242514bc7533ef0b9eb + +Reverse repo's + +&#x200B; + +https://preview.redd.it/02x2wp5ilr871.png?width=685&format=png&auto=webp&s=61072dcfff6c9ff5fab9e1b60ad0a21cd967caa7 + +742 billion usd with 70 counterparties. + +&#x200B; + +[credit to u\/ChemicalFist ](https://preview.redd.it/dpfzd8n1qr871.png?width=1200&format=png&auto=webp&s=a30b00c91c2d1428b9baf6e1f2829ca2e680c576) + +# Gamestop changes logo + +It seems that GME changed it's logo from white and red to just white. + +u/Schborti even reached out to them and asked what it's about and got this reply + +https://preview.redd.it/dswfiln0mr871.png?width=1125&format=png&auto=webp&s=4b22a713c2c9f6f56be24155f546ea1a2f68f3e4 + +They even posted video proof that it was indeed from within the app and not just a photoshop. + +&#x200B; + +# Gamestop Form 3 filing + +[https://gamestop.gcs-web.com/node/19066/html](https://gamestop.gcs-web.com/node/19066/html) + +Matthew Furlong now officially the CEO. + +Letsgo! + +&#x200B; + +[credit to u\/apatisda ](https://preview.redd.it/1whn7o05qr871.png?width=700&format=png&auto=webp&s=35f13f644004c031cfe756297a3bd5ed7ba9d602) + +# Vlad the stock impaler is in trouble. + +In the past week Robinghood has become a hot topic once again, having disclosed they have settled for 70 million usd for misleading customers in the past few years, but wait there's more! + +[https://www.vice.com/en/article/wx5p8z/feds-seized-robinhood-ceos-phone-in-gamestop-trading-halt-investigation](https://www.vice.com/en/article/wx5p8z/feds-seized-robinhood-ceos-phone-in-gamestop-trading-halt-investigation) + +In its filing, Robinhood states that the fallout from these restrictions still have the potential to be disastrous for the company. “We have become aware of approximately 50 putative class actions … relating to the Early 2021 Trading Restrictions. The complaints generally allege breach of contract, breach of the implied covenant of good faith and fair dealing, negligence, breach of fiduciary duty and other common law claims. Several complaints further allege federal securities claims, federal and state antitrust claims and certain state consumer protection claims based on similar factual allegations,” the S-1 states. + +The best part: + +The company said that the incident was bad for the company and “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and U.S. Congressional inquiries and investigations, capital raising by us in order to lift the trading restrictions while remaining in compliance with our net capital and deposit requirements and reputational harm. + +***We cannot assure that similar events will not occur in the future.”*** + +If this last statement is not a sign to get out of Robbing the Hood, I don't know what would. + +Seems that the The company also said it is under investigation by a series of regulators, state attorneys general, the SEC, and the U.S. Department of Justice in proceedings associated with the trading restrictions; the company said its CEO Vladimir Tenev has also had his cell phone seized by federal attorneys.  + +Seems like Vladdy boy may be in trouble, and now that so many agencies are involved would also be the reason we have not yet heard anything about it, this could be them gearing up to use RICO or something else, once a taskforce is set up or a multi agency operation you wont hear anything happen until it's over, as talking about their actions could jeopardize the investigation. + +And with their IPO documents more came out, like how Citadel owns 1/3rd of them. + +&#x200B; + +[source: Zerohedge](https://preview.redd.it/wjzw3pa0or871.png?width=1130&format=png&auto=webp&s=5a8c5d2a11de42a228df375bb3985f6a90e7cefa) + +&#x200B; + +https://preview.redd.it/mr5scykknr871.png?width=640&format=png&auto=webp&s=4fa6960aa0ec8b3b09720ee2d2e062add044fa2c + +# And Kenny to! + +[https://nypost.com/2021/06/30/bidens-big-business-crackdown-bad-for-wall-street-behemoths-sources/](https://nypost.com/2021/06/30/bidens-big-business-crackdown-bad-for-wall-street-behemoths-sources/) + +It seems that the US president wants to crack down on Kenny boy and others like him. + +Because it seems some banks have been doing some bad stuff over the past years + +&#x200B; + +https://preview.redd.it/9g100mk8or871.png?width=460&format=png&auto=webp&s=d762d032c6f4f3988dd3fb2f64ee353314fab1a2 + +&#x200B; + +https://preview.redd.it/mcbdojvdor871.png?width=458&format=png&auto=webp&s=0731564af50769c00da46426424c5bbb83e2fee2 + +[https://www.reddit.com/r/Superstonk/comments/obvp75/citi\_goldman\_other\_banks\_accused\_of\_cds\_antitrust/](https://www.reddit.com/r/Superstonk/comments/obvp75/citi_goldman_other_banks_accused_of_cds_antitrust/) + +But wait the main underwriters for Robinhoods IPO are Goldman, JP morgan, Barclays and Citigroup... those are all named on the antitrust lawsuits as well 🤔 hmm this is making my wrinkle crinkle + +&#x200B; + +[credit to u\/Christothetee ](https://preview.redd.it/ntktmyxbqr871.png?width=1188&format=png&auto=webp&s=34c0ed8793375ab12cc531a2016bf53d3c8c8b3c) + +# After hour spikes + +[https://www.reddit.com/r/Superstonk/comments/obwer9/can\_i\_get\_a\_wrinkled\_brain\_spike\_across\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/obwer9/can_i_get_a_wrinkled_brain_spike_across_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +GME spiked up heavily at around 4:40, but it seems others spiked down at the same time... seems funny + +&#x200B; + +Now seeing it's friday and Monday the Nasdaq will be closed have a nice long weekend everyone!Enjoy the shit out of all your hobbies and things you like to do, see you all on tuesday! + +https://preview.redd.it/8dbslrifqr871.png?width=554&format=png&auto=webp&s=1324cccfa4392718a4e62b09f2241aa51c882be6 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/tv148lciqr871.png?width=400&format=png&auto=webp&s=236473d34796130e19e119eee2deb51ff0930e35 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit 1: + +&#x200B; + +[https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg](https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg) + +This is a live stream of $GME on Bookmap trading application that measures liquidity in the market. The green triangles (Calls) and red triangles (Puts) are live options trades with the contract size in the center. The bottom line indicator in green (HIRO Cumulative) is an accumulation of those options as a hedging pressure. An upward trend on the green line when it crosses the red is a (Bullish) signal as HFs have to short stock, buy futures, or use options to hedge the line to flatten out representing delta neutral. The green and red lines are live buy's and sells coming in between the candle sticks which allow us to see double bottoms or topping patterns. ​Lastly, you can see order book flow on the right when strong buying is coming in and volume at the top right and bottom of each candle. +I currently have a good chunk of money that I want to invest to hedge against inflation. I have a downpayment and a manageable mortgage and just want to grow my nest egg, so I invest ~40% of it. + +1. I have a rental property that most likely will be vacated due to coronavirus once evictions resume. I'm not collecting rent and will have to seek payment once the memorandium is removed. I'm currently paying two mortgages due to this. Because of this, it doesnt make a whole lot of sense to invest in more real estate. + +2. Home improvement material costs have risen terribly. Estimates to remodel my home are extremely high (30% higher than Dec) + +3. Small businesses are essentially dead in my area. Its been a dream of mine to invest in a resturant but that seems unrealistic for the time being. + +Doesn't it seem like the best investment these days is the stock market? I personally have been long since Jan in mostly Apple, but have started to dabble in options. The returns are great and researching companies, etc is fun. I get that he market poses a lot of uncertainity, but so does Housing, Cash, Inflation, etc. +My wife makes 1800 a month and I make 4000 a month. We have 2 children and our expenses are as follows. We both put about 6% into 401k which I already subtracted + +Mortgage: 1450 (including pmi, taxes, and interest) + +Car payments: 550 for both vehicles + +Student loans: 600 between us + +Utilities (gas electric): 260 total + +Phone (cell) and internet: 220 total + +This leaves us roughly 2000-2400 a month for gas, groceries, ect. Our pay is sometimes more depending on our hours. + +Writing this out it doesn't seem horrible but my constant anxiety is causing issues. I'm cheap and my daughter wants to do nationals volleyball which is 2k to get into it and then traveling to places like Florida and Wisconsin for 4-5 days at a time atleast 5 times throughout the year. (We live in Illinois). She did regionals last year and got accepted to do nationals because she is doing so well. One of the parents said the Florida trip costs about 3-4k alone for travel, hotel and food. Another said they have spent well over 10k this year on nationals volleyball all things added up. + + My wife isn't nearly as reserved as I am with money but she is always on my side when I get this way. However, I am realizing I am causing issues stressing about it on a daily basis and losing sleep thinking about adding volleyball travel to the list. + +We got new cars in 2020 and I wouldn't go over 20k for each so we got Hyundai's which have actually been great cars. I couldn't imagine spending 30k on a car + +Thank you for your advice +Some of us are very ambitious and excited about achieving FIRE, myself included despite it being pretty far out. We think “the sacrifices will all be worth it when we get to our target date!” But we forget that each day is gift to be enjoyed. Be smart, be frugal, but enjoy that Starbucks drink/time with the kids instead of a side hustle/good Parmesan vs sawdust/etc. + +Post motivator: my grandpa had a stroke and isn’t recovering well. That plus old age leaves him unable to talk much, read, or hear. He has severe anxiety due to the Hell inside his head and inability to express himself - wishes he was dead. He lived a good life and continued farming until the stroke. Every time I see him I am reminded that the journey to FIRE is just as important to enjoy as the result. +I come from an engineering background and I think it’s interesting that the general population especially the aspiring “entrepreneur” type of folk sort of think getting into real estate is easy and they can just buy a bunch of properties and fix them and flip them etc. lots of these people are people who have never even hammered a nail in their life… + +We live in a modern world that has a lot of other tech and things to get into other than just you know residential fix and flips or renting out bare bones properties. I feel like that’s an ancient business mode + + +So my question is, where did this idea of easy real estate success being easy come from? Maybe I’m wrong but I feel like there is this very non accurate idea of what real estate investing actually is floating around out there. But maybe I’m wrong and it is actually easy compared to other business or investments? + +The reason I am slightly annoyed is because I recently looked into buying a house with a family member in order to fix it, and the realtor was really annoying me and you know trying to encourage me even though they realized I have no experience…so it made me realize you know there are probably a ton of people out there with zero experience who get taken advantage of, and it all stems from this idea that has been pushed upon that it’s easy or guaranteed results . Needless to say I backed out and decided I will stay on the backend and work with people who need engineering or design work rather than being the guy who is actually buying and fixing the property. Engineering and design is my passion so I will stick to that specifically. + +Thanks in advance +Hello Apes.... (This post was speculation, that became DD... as I was writing it... But I forgot to change the header and spec is easier anyway).. Ill get beat up a lil less... + +If we discover that the FED paid Blackrock $750M in FEES this year.... how would you feel? I believe, that Blackrock earned billions from the FED, and used this money to buy up assets. Thats why no one can afford a house. + +The shares are fake - its my speculation this is a Ponzi scheme that got out of hand - It got big, real Big. Maybe they should have slowed down once they started selling Fake IOU's all over the globe. + +Blackrock has trillions in assets, but its not sustaintable without the invisible FED hand that has been keeping the scam going... since 2008. + +**So what the hell am I talking about?** + +**I believe - the FED is using the Long Bond to control the market. Part 1 and 2 are below.** + +**Part 1** [**https://www.reddit.com/r/Superstonk/comments/u1yp21/the\_long\_treasury\_bond\_is\_being\_pumped\_this/**](https://www.reddit.com/r/Superstonk/comments/u1yp21/the_long_treasury_bond_is_being_pumped_this/) + +[**https://www.reddit.com/r/Superstonk/comments/u26776/the\_long\_bond\_is\_getting\_cellar\_boxed\_i\_cant/**](https://www.reddit.com/r/Superstonk/comments/u26776/the_long_bond_is_getting_cellar_boxed_i_cant/) + +We know the FED pumps up the market buying treasuries - they dont buy stocks or are not supposed to.... But they always buy the Blackrock ETF's. + +Let me show you the volume on TLT during the first covid crash in March of 2020. + +Far right column is volume... + +[https:\/\/finance.yahoo.com\/quote\/TLT\/history?period1=1492041600&period2=1649808000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true](https://preview.redd.it/g6wjtgwifct81.png?width=852&format=png&auto=webp&s=df8801d04d2f414db81bcc849c365d8df9cd9cbf) + +Let me show you Covid on the S&P 500 again. + +[It lines up with the volume... ](https://preview.redd.it/9ihfjch4gct81.png?width=545&format=png&auto=webp&s=a50d235e4b128b5dd4bcf06cbb32f140545af8ce) + +**When the FED talks about liquidity... they are pumping up the market so people don't get Margin Called... and have been since 2008.** + +They USE TLT and other ETFs... Whenever the market is down they Buy TLT. + +[TLT is .15&#37;. https:\/\/www.ishares.com\/us\/products\/239454\/ishares-20-year-treasury-bond-etf?referrer=tickerSearch](https://preview.redd.it/j3c99xgegct81.png?width=853&format=png&auto=webp&s=966cb5f5244e2f8d488dae20effc9a9cdd47edfe) + +The FED own $9 Trillion on their balance sheet. + +[https:\/\/www.federalreserve.gov\/monetarypolicy\/bst\_recenttrends.htm](https://preview.redd.it/ckkxzktngct81.png?width=741&format=png&auto=webp&s=edb3852a8e73454bc774fef878049d4a8315fb62) + +The FED bought Blackrock ETS for years and years and years.... + +Blackrock Stock went nuts... + +[These FED purchases gave Blackrock unlimited cash... ](https://preview.redd.it/gdngod91hct81.png?width=1763&format=png&auto=webp&s=f43b8f571c0a62049c98ec1c10539a1626ef06fc) + +If they have $5 trillion in treasury ETF's at .15BPS fee thats $750 Million. They also own agencies... + +[Its possible the FED is buying the agency ETF's. ](https://preview.redd.it/ojfyeu5jhct81.png?width=716&format=png&auto=webp&s=b492188cef5a6a241ef2eed23709ba94e065cdc6) + +A quick look at those products and they were trading these also - AGZ is an agency ETF. + +[The 776,900 Pump on March 02nd is the FED 100. ](https://preview.redd.it/iu15nxrwhct81.png?width=846&format=png&auto=webp&s=4b7218db62e1cdacbdc980e818a8320a77e810ae) + +The FEE's on the Agency funds are more at 20BPS. + +[Wow... 25&#37; more for Agenices Larry.. ](https://preview.redd.it/iltu2fe6ict81.png?width=545&format=png&auto=webp&s=e00111af9a52d217a1b00db5aeb10da42c0d0fc8) + +If the FED is holding the entire Balance sheet with IShares and Blackrock which I Suspect - then are are probably paying an annual fee of $1.8 Billion (For this year currently). + +Now remember, even tho everything is completely screwed - these guys still get paid... Now lets look at Blackrocks numbers... + +[https:\/\/finance.yahoo.com\/quote\/BLK\/financials?p=BLK](https://preview.redd.it/mhfyfzssict81.png?width=850&format=png&auto=webp&s=3ff208578bd6d574e589385794e57be75332dcb6) + +Blackrock did $19.3BN in fees last year and lets say 10% of that could be from the FED. + +The fees that Blackrock earned on this early on, gave it an unfair advantage and invisible hand over the competitors. It gave them fees from taxpyaer stimulus that they then used to buy assets for them selfs. + +[https:\/\/slate.com\/business\/2021\/06\/blackrock-invitation-houses-investment-firms-real-estate.html](https://preview.redd.it/rlr32p07jct81.png?width=742&format=png&auto=webp&s=63e540c81002d2c85f040e085969ca36266e32f4) + +And they are all in bed together. Once the TLT cant sustain anymore this market will Fall. It will effect all of the fees and all of the accounts. If the FED is going to dump all of these funds it will kill blackrock. Imagine... how fast this market would fall with no FED support... Now imagine the FED dumping the long Bond. + +It yields around 2 pct over 30 years... Inflation will be nuts in 30 years... I believe that Blackrock and the FED are both trying to keep each other alive and thats why they are so slow to raise rates.... + +Keep your eye on TLT... when that starts to fail.. the market will follow... + +**Extra thought: Blackrock is similar to Vanguard - The FED may/prob have/has big money at Vanguard - but either way - they made a Killing selling these ETF's to the FED.** + +[US Treasuries $5 TRILLION AND MBS $2.7BN](https://preview.redd.it/bvqayulelct81.png?width=786&format=png&auto=webp&s=4fae2fc2dfca7c5d312066ad06faa686724e0e0b) + +[https://www.federalreserve.gov/releases/h41/current/h41.htm](https://www.federalreserve.gov/releases/h41/current/h41.htm) + +This whole shit start in 2008 - they must have paid billions and billions and billions to Blackrock and possibly Vanguard - [https://finance.yahoo.com/quote/VGLT/history?period1=1492041600&period2=1649808000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true](https://finance.yahoo.com/quote/VGLT/history?period1=1492041600&period2=1649808000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true) A quick look at Vangaurd - tells me they seem way less Sus than Blackrock. Just ignore the Vangaurd comment for now. + +**tldr: The FED could be Paying Blackrock up to $1.8BN in FEES each year - and BIllions since this funny money business started - It gave Blackrock unlimited money to do and buy what ever they wanted and you end up with today.** + +Does anyone remember if these fees were disclosed to us??? + +Ho Lee F\\/K + +[https:\/\/www.bcg.com\/publications\/2021\/interview-with-blackrock-ceo-larry-fink](https://preview.redd.it/306hhns84dt81.png?width=613&format=png&auto=webp&s=00059422ebb9a7a5ed9009a5876b3f9c3e3cf004) + +Citadel owns Blackrock... + +[Citadel had to sell it when GME came around... ](https://preview.redd.it/bhiirkz15dt81.png?width=1177&format=png&auto=webp&s=1e25511a20b0c0b34c4d60a8a9c4dca7cdbbe82c) + +[https://fintel.io/so/us/blk/citadel-advisors-llc](https://fintel.io/so/us/blk/citadel-advisors-llc) +I am under contract for a duplex that we agreed back in January, when the developer was mid renovation. Since then the market in this area has been very hot, and he has brought up on several occasions how he underpriced it to me. Note that it was very fair at the time, but I do agree he could get more now. + +Also for background information - I did make a mistake in that some of his promises were pretty vague such as "I will do something with this xyz, Im not sure yet". He has a good reputation so I trusted him on it. + +Now the property is almost complete, but he has done the absolute minimum. On one hand it is still a good deal for me, but on the other hand I feel like I am being screwed. Would you guys push on this and if so, how can I word it while maintaining a good relationship for future projects? He seems angry about the price we agreed on, but it is not my fault that the market has went up. Also, he is in compliance with the contract, so I have no legal right to anything other than cancelling the contract. + +Edit: thanks all for the feedback, even the ones calling me stupid which I deserve. But to clarify - he is flipping the house and I am under contract to purchase it. He is not my contractor. He did show me previous houses he had done prior to this when we agreed it and told me it would be the same standard - but it is not. +I wanted to share my story. I'm currently 29 and my 20s are almost over. + +I graduated from college with a 2.7 GPA with a marketing degree from a D3 school. I never cared about grades I just wanted to graduate, and I barely did to be honest. I failed accounting, economic, and a 1 credit gym class. + +I was 22 when I graduated and I started to apply for random sales jobs on indeed / monster. All my interviews sucked. I got denied from multiple places that only paid $35,000 a year and had to made 100 cold calls everyday. So I figured I needed to get more specific in what I'm doing. + +Turns out there is a ton of money in insurance. Both on the company side and insurance broker side. I didn't even know what an insurance broker was. And im NOT talking about individual insurance sales for life insurance, cars, or homeowners / renters. Pretty much every employer, city, school district, has what's called employee benefits broker. Employees get paid in two was, in money, and in benefits. So health insurance, dental insurance, vision, life insurance, disability insurance. And all employers use an employee benefits broker to help set up the plan for all of their employees. The broker gets a small commission (2-5% of the policy premium). But when the policy premiums is millions of dollars or even just hundreds of thousands of dollars this adds up very very fast. Just like a real estate broker, stock broker, wholesale broker, the list goes on. None of these people that have these jobs really went to school for that job. + + +So I figured the barrier to entry in insurance is pretty easy. It's just a license you need with your state and you have to take a class and pass the test. No where near as hard as financial requirements. You just gotta show up and study for 2 weeks. However, I didn't even get my license before I got my job. + + +I googled "employee benefits brokerage" in my area. I found 4 firms I've never heard of. I looked at whose the branch president online and I cold called them. I prayed they wouldn't answer the phone. But I rehearsed exactly what I was going to say and I hoped I could just leave a voicemail. It was a very simple message. "Hi \_\_\_\_\_ my names Kyle. I'm a recent graduate at \_\_\_\_\_\_ with a marketing degree. I am a motivated sales driven individual and I believe I could be a positive asset to your team in a sales capacity. If you are looking to hire a young motivated individual that's willing learn please let me know, you can reach me at\_\_\_\_\_" + + +3 of the 4 called me back. These 3 all gave me interviews. One interview me to be an account manager for a broker so I could learn the ropes first. They did not hire me and rejected me. The second brought me in to interview to be an account manager again. At the end of my interview the broker looked at me and said "Kyle you are not account manager material. You are broker material. I'm going to recommend that you become a broker here and have to interview with this person." That person then called me and said "Kyle your resume came across my desk highly recommended, I'm looking for a young hotshot to come on board and make a boat load of money. Are you in?" And I said "Where do I sign?" I was shocked to get this call. He laughed and said I need to meet you first and he took me out to a very nice restaurant to get to know me. + + +I had a great meal with this man and made him laugh and like me. He hired me shortly after for $50,000 a year and the ability to make a lot of commission. My job was to call / email/ network/ send LinkedIn messages/ any way possible to get my senior broker a meeting to talk about employee benefits. I had no knowledge of employee benefits. They put me in a licensing class and paid for the classes and paid for me to learn. 3 weeks later I'm a licensed insurance professional. I took some adderall and isolated myself from the world for 3 weeks. I actually passed with the MINIMUM passing score of exactly 70%. But a pass is a pass. + + +I get on the phones, I get on emails, I get on linked in. With one goal - book appointments for my senior broker. Go on the calls with him, don't talk and listen. Learn. I did that for a year, my senior broker actually sold none of them. I was very frustrated. Everyone there was making so much money. I was still at $50,000. (which was more than I could ever have even dreamed of making at the time, but I saw everyone else had more). I struggled very bad my first month trying to land a single appointment. It was hard to sleep at night knowing I had to come in the next day and make calls and get rejected over and over. But I figured I have no skills in life. But my skill can be the willingness to keep going, the willingness to get rejected, the willingness to try. So I stuck to it. I had my first panic attack 2 months in and actually went the ER. I had no clue what it was and I legitimately thought I was dying. Every morning I played motivational YouTube videos on my phone in bed and on the way to work. I'MA SHOW YOU HOW GREAT I AM. - the great Muhammad Ali helped me focus and keep going. + + +13 months in I had zero sales. My senior broker wasn't very good. But I had learned a ton and I felt I knew what to say and what not to say. So I tried going on appointments alone. The then firm fired me for "not being a team player." When in reality I felt I was not doing anything wrong. I was fired on a Tuesday right after I bought my first car, and resigned my apartment lease because I thought they liked me and still believed in me. I was very wrong. I only had $2,000 saved up. I went home on that Tuesday and cried. I called my dad and said I'm a failure. He helped pick me back up and told me a story of the times he got fired in his career and said "Kyle every salesperson gets fired at least once in their career." On Wednesday it was gut check time. I sat at home and asked myself do I have this in me. Can I actually do this? Am I cut out for this? On Thursday I redid my resume. Friday morning I put my best suit on, went to the library and bought resume paper and loaded it in the printer. I printed off my new resume. I then got in my car and drove to 4 other firms in that area that were my previous employers biggest competitors. + + +I was very nervous to walk in to these firms. I'm 23 and just got fired with no sales. Who the hell would want to hire me? This was right before the new Star Wars movie was about to come out. I was a huge Star Wars fan and I was very excited to see Kylo Ren and I loved the trailers. I actually recorded the part of the trailer where Kylo says "Nothing will stand in our way...... I will finish. What you started." And I put that on loop on my iPhone and played it very loudly in my car on repeat psyching myself up to go in and try and get a job in person. I walked in and said to the receptionist "Hi my names Kyle, I have an interesting story and I was just terminated from the \_\_\_\_\_\_\_ group on Tuesday. I'd like to talk to your hiring manager about me joining here in a sales capacity." (I had researched who I needed to ask for and I asked by name). No one was either there to meet with me or they just wouldn't let me in without an appointment. But I left my resume and asked if they could give it to that person and for that persons business card. + + +Once I got home that Friday night I sent each person an email saying I stopped in and attached my resume and would like an opportunity to talk to them about coming on their organization in a sales capacity. + + +Every place brought me in for an interview. Turns out there is almost NO ONE that does this. There is NO ONE in their early 20s walking in asking for a job. Everyone now hides behind a computer and applies online. This is a terrible strategy for a sales job. You needed to apply for the job in the same manner they would expect you to call on business for them once you're employed by then. This is how I got a second chance. + + +Only one firm offered me a job of the 4. But I actually got a raise out of it. They hired me for $60,000 and the ability to make big commission and the ability to go on my own appointments. No more senior broker. At the time I was cash advancing my credit cards to pay rent and for my car, I had to move to a different city only 60 miles away. They even paid for my moving expense. I was able to sublet my place to someone on craigslist for the next 10 months of my lease. Perfect. + + +I arrived with a bigger determination that I've ever had. IMA SHOW YOU HOW GREAT I AM. And the burning sensation to prove my last firm wrong. And I applied my only skill in life. The willingness to keep going. + + +After a few months I made my first sale. I made $67,000 my first year and had a pretty good sales year. I finally had a client that would be a reference for me. I'm now 23/24 years old. + + +At 24/25 I made about $80,000. Success builds success. Get a win. Tell everyone you can about that win and why they bought with you. Parlay what works until you are blue in the face. Find other companies that are similar to them and explain why you improved the last company like them. It gets easier. You get more clients that are willing to be a reference. More wins. + + +25/26 I had a huge year. 6 figure club. Making over $100k a year. My CEO loves me and I'm getting invited to special exclusive events and trips. + + +26/27 was my best year still. I made $132k. I bought a luxury 1 bedroom condo. Nothing feels better than success and rewarding yourself. + + +27/28 the show goes on. $125k. Had my first big client loss. It was a fairly large City. The mayor didn't seek reelection. And a new mayor got election and he had a friend who did what I did. So out I went on that account. + + +28/29 coronavirus. Very hard to make sales. Employers laying employees off. So my money goes down. Still barley made 100k. So no stimulus lol. Bought my dream car of a Tesla. + + +And now here I am looking back on my 20s. The highs and lows. I had many very low moments. Moments I cried. Moments I felt like failure. Moments I felt unstoppable. Moments I had climbed to the top of the. mountain. Moments IMA SHOW YOU HOW GREAT I AM. + + +Moral of the story, everyone loses. But only the ones who keep going end up winning. Skills not required in life. Some skills are just the ability to keep going. + +Edit(does it auto post edit?): when I was 26 I had my first seizure. I was in the shower and i suddenly couldn’t use my hand. It wouldn’t fire. I went down and passed out and seized up. I woke up hours later in bed still wet. I had no memory almost of what happened. I was super late for work and had a terrible headache and my tongue hurt. I looked in the mirror and I had bit my tongue extremely hard. I’ve only had 2 other seizures since. I went to the doctor a bunch and no answers. So me buying the Tesla was very very important. Self driving mode gave me peace of mind. The start of a seizure I can always tell and I have about 2 seconds to react with motor function. I was scared of dying driving or killing someone getting a seizure. For a little more clarification on why getting a Tesla was really important for me to get. +I backed up into my family member's vehicle this weekend and destroyed my side view mirror (with camera). No damage to the other vehicle. I called a few places to get quotes and they were all around $700-900. Since my deductible is $500, I was pretty certain I wouldn't file a claim, but I wanted to see my options. I called my insurance just to see what was covered and what they would offer with the thought that I didn't necessarily have to file the claim. After speaking with them about the accident, they told me that even if I chose not to use the coverage, my premium still might increase since I reported the accident. + +Sucks. I should have researched more before I called. Just posting this so somebody might not make the same mistake. +I’m a FI 35F and find it impossible to find other people my age that are in anyway responsible with their finances. Is this just something I’ll have to compromise on? +**Personally, I think that NVIDIA is a great company that generates value for the metaverse issue since they are specialists in graphics cards / chips to make that reality possible, but how do I know if it is not overrated right now? That is, what I would have to measure to know if it is overvalued today, to know if it is a good purchase option today.** + +***(I understand that a single company cannot develop the metaverse by itself).*** +I'm curious to see if anyone here got into ETH at the ICO. I'd imagine there are a few, but I also feel like if they held until 2017 they have no need to trade as they'd likely be set for life. Just spitballin here. Also not asking for people to out themselves as holders, as always never disclose how much crypto you have publicly. +I began investing in Bitcoin in September 2019. When COVID-19 had its impact on the market in March 2020, i went against my emotions, which were telling me that I had been foolish to invest as my investment had halved within hours, and instead followed my head, which told me of course that it was a buying opportunity unlike any that I'd possibly ever see again. +Last week the contract settled on a duplex for my 2 sons, 17 and 18, to own and live in a their first property investment. I am supporting 1/3 of their mortgage repayments for the first 2 years as they are both apprentice tradesmen. +I'm not wealthy and have had plenty of bad luck along the way but Bitcoin made it possible for me to help start my sons from a far more favourable economic position than i was able to +From ARK Invest's Twitter: + +>CNBC may have a 40 minute time horizon, but ARK's is 5 years. Thanks for having us on CNBC, we're happy to pay for your upgraded Zoom account. You can't be a knowledge worker without it! 😉 + +This is after Cathie Wood's 40-minute interview on CNBC earlier this morning. During the interview, CNBC's Zoom Account showed a timer warning that their 40-minute mark for their free Zoom subscription call was about to run up. + +Zoom is one of the largest positions for Cathie Wood and has been one of her highest conviction names according to recent videos +Congress resembled a Wall Street trading desk last year, with lawmakers making an estimated total of $355 million worth of stock trades, buying and selling shares of companies based in the U.S. and around the world. At least 113 lawmakers have disclosed stock transactions that were made in 2021 by themselves or family members, according to a Capitol Trades analysis of disclosures and MarketWatch reporting. U.S. lawmakers bought an estimated $180 million worth of stock last year and sold $175 million. + +The trading action taking place in both the House and the Senate comes as some lawmakers push for a ban on congressional buying and selling of individual stocks. Stock trading is a bipartisan activity in Washington, widely conducted by both Democrats and Republicans, the disclosures show. Congress as a whole tended to be slightly bullish last year with more buys than sells as the S&P 500 SPX soared and returned 28.4%. Republicans traded a larger dollar amount overall — an estimated $201 million vs. Democrats’ $154 million. + +So who were the biggest traders? The table below, based on a Capitol Trades analysis, shows the 41 members of Congress who made stock buys or sells in 2021 with an estimated value of at least $500,000 — or had family members who made such trades. + +At the top of the list of the biggest traders on Capitol Hill by dollar volume is Rep. Michael McCaul, a Texas Republican, who disclosed an estimated $31 million in stock buys and $35 million in stock sales. He’s followed by Democratic Rep. Ro Khanna of California with $34 million in estimated purchases and $19 million in sales, GOP Rep. Mark Green of Tennessee with $26 million in estimated buys and $26 million in sells, and Democratic Rep. Suzan DelBene of Washington state with $15 million in estimated buys and $31 million in sells. + +Congress’s more than 500 members are required to file disclosures within 45 days for any transactions involving stocks and other securities due to 2012’s STOCK Act, though many lawmakers have been late with their filings. The decade-old law, which aims to help prevent politicians from profiting from nonpublic information, is viewed as insufficient by some watchdog groups, especially given how a divided Washington united to weaken the law in 2013 by removing provisions such as one that required putting the disclosures in a searchable database. Independent analysis firms have ended up offering such databases, with 2iQ Research, for example, launching Capitol Trades last year. For the table above, Capitol Trades estimated the value of buys and sells using the midpoint of the declared range for the transaction. Lawmakers aren’t required to disclose a transaction’s exact value, but rather give ranges such as $1,001 to $15,000, or $15,001 to $50,000. McCaul’s biggest disclosed trades in 2021 include sales by a child and his spouse of shares in Cullen/Frost Bankers CFR, a bank headquartered in McCaul’s state, as well as sales by his spouse of shares of China’s Tencent Holdings TCEHY, according to filings aggregated by Capitol Trades. The Texas congressman’s office didn’t respond to a request for comment. His father-in-law is the founder of media giant Clear Channel, now known as iHeartMedia IHRT, and McCaul has ranked as one of the wealthiest U.S. lawmakers. + +Khanna’s biggest trades included purchases by his spouse of shares in Walgreens Boots Alliance WBA and Microsoft MSFT, along with purchases by a child of shares in Apple AAPL, communications company RingCentral RNG and Facebook parent Meta Platforms FB. The California congressman’s spokeswoman said he “does not own any individual stocks and complies fully with the Ban Conflicted Trading Act, which would prohibit lawmakers from buying or selling individual stocks.” That’s a reference to legislation that has attracted 35 co-sponsors in the House and three in the Senate. “These are his wife’s assets prior to marriage and managed by an outside financial advisor. No trading is done through joint accounts,” Khanna’s spokeswoman also said. + +[https://www.marketwatch.com/story/u-s-lawmakers-traded-an-estimated-355-million-of-stock-last-year-these-were-the-biggest-buyers-and-sellers-11643639354?mod=home-page](https://www.marketwatch.com/story/u-s-lawmakers-traded-an-estimated-355-million-of-stock-last-year-these-were-the-biggest-buyers-and-sellers-11643639354?mod=home-page) +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/EKU2tVBp9u) +https://www.cnbc.com/2020/02/17/apple-warns-on-coronavirus-it-wont-meet-revenue-guidance-because-of-constrained-iphone-supply-and-suppressed-demand-in-china.html +Economics is, on some level, based around the idea of limited resources/inputs. + + +This is interesting to me when I consider how private capital operates; growth for the sake of growth. Publicly traded companies are judged on how much they grow each year as their metric for further investment. + + +But at some point, resource constraints will reach a level where further growth is unsustainable (at least for a large % of people). + + +Sure, we can become more efficient at using resources but every cycle of increasing our targets for growth means there is an ever higher bar. + + +I'm very far from an expert but trying to wrap my head around this is a little confusing. The best way I can make sense of it is that we are gambling that resource availability is somehow consistent over time. +* I’d like to share an approach that I took to come up with the best dividend portfolio. +* As a result, I identified 21 dividend-paying stocks that I can invest in with confidence.   +* Investing is personal, so I’m sharing all the data that I collected so that you can also use the data to come up with a dividend portfolio that works best for you. + +[https://themetareview.com/building-the-best-dividend-portfolio-part-2/](https://themetareview.com/building-the-best-dividend-portfolio-part-2/) +As a 16 year old I am lucky enough to be able to invest 300$ a month. These go into 25-30 different stocks and about 6 index funds (all based around dividends). Is this enough or should I hold off until I can invest more? And what are some good dividend stocks besides classics like Coca Cola, Sphd and Schd? +I know what you're thinking " umm come on man this is Canadian investor what do you think people are going to say but wait..." + +2020 really ripped me apart a family member committed suicide he was really big into investing and did really well for himself but after I read his suicide notes he said he wishes he travel and found someone to love. I grew up poor and my one and only goal in life had been to become something better I have been working multiple jobs for years I moved out at 16 and I now have around $125k. I was going to buy a house last year but then everything fell apart due to covid I ended up moving in with some family and had to go on EI that ends next month had a bad break up so now with nothing holding me here is it crazy to just disappear for a month or two? +During this time I will have no income and will just be spending money so it feels wrong but I haven't really ever enjoy life + +I know traveling isn't ideal right now but I can't see myself every getting another opportunity and I feel so unhappy + +I forgot to say my age Male 25 years old + +Edit I just wanted to say thank you I mean that some of your replys have brought a tear to my eye. I just wanted to clarify I don't mean I would spend all my money on traveling most of it is invest in a TFSA and a RRSP around 30k in cash I had set a side for a down payment. +To spend any money in truth scares me in a way. Growing up poor and without money and without much family to go back to that... I only make around 25-50k a year so I have had to live very frugally so I would also travel that way +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? +I'm fairly new to FOREX and I know some people are investing in this, and some of them have their accounts (of the same $1,000 value) being traded by an expert and they claim that with that amount of money and leverage they are having a net income of $400 monthly. + +Is that possible? I've heard that is common to have a return of 10% per month +As title states, we closed on a home and noticed our problem immediately during our first night. We heard rodents running around directly above our bedroom all night. I had pest control come out, perform an exclusion and trapping service. After sanitation, the total cost is going to come out >$1k. My question is why didn't our home inspection catch the clear evidence of droppings in the attic or multiple possible entrances? Also, do most people have specific pest inspection before buying? +I'm looking for advice after receiving a request for payment for a bond clean from a rental agent. + +We rented a property in Queensland for a short term early last year. After moving out, they sent us an email regarding the condition of the house and it's cleanliness. + +We cleaned the property ourselves to a higher standard than when we moved in to the property. + +A week after we moved out they sent a detailed complaint to us which we refuted, citing the pictures in the original condition report as evidence that their claims were unfounded. + +They didn't reply to our challenge and the bond was returned in full. A few months later they reach out to tell me that I had accidentally overpaid some rental money and that they wanted to return it. They returned that overpayment without any other commentary or issue. + +A few months after this, the property was sold. + +Now, almost a year later, the property agent has contacted me demanding payment for a bond clean that they claim was necessary. + +Are we at risk of ending up on some bad credit database or should we worry about debt collectors coming after us? +I find that whenever I bad mouth unions I get downvoted no matter where I post. I'm not a fan of unions clearly, but most people seem to be. + +From an economic perspective what are the pros and cons of unions? For the workers who form them, and the economy at large. + +My amateur opinion is that unions where good in the 20s when factory fires were common, but arent necessary anymore. Striking is unnecessary because people can quit and find better jobs, and boycott their old employers products to add extra pressure. + +Also, unions are a sort of laybor cartel. Under the assumption that monopolies, trusts, and cartels are bad for consumers, and because everyone is a consumer these organizations must bad for everyone. Wouldn't this make unions bad for the economy at large? Thus the individual intrest of the people who form them actually work against the overall economy, hurting everyone, including the union members. Am I mistaken in my reasoning, if so why? + +If your an expert on economics, what would be your expert opinion on unions? +I took calculus 1 this semester, and I struggled on only one test because I did not study at all. Luckily he drops the lowest score. I really enjoyed the practice of it. + +If I wanted to minor in math, i’d take calc 2,3, Intro to linear algebra and intro to higher math. + +I honestly don’t know my mathematical capability. I feel like calc 1 was watered down to be very easy as the tests were nearly identical to the quizzes. + +I do think, however, math is useful and worth the money. Would a minor in addition to an econ BS be worth it, or should I just drop the idea? + +I hope to maybe get a MS in business analytics in the future which is another reason I was contemplating it. +Basically the title, I've worked on R, Stata, Matlab, Python and C. +I want to pursue a career in economics, maybe research, I like environmental economics and econometrics and would really enjoy working in either of those fields, even if I know that econometrics is more a method than a field. +I will start my Masters degree next year and by speaking to 2nd year students in that program I learnt that among all existing softwares, R or Python would be the best/most useful, can anyone confirm/deconfirm or even recommend some other options ? +Thanks +I've also encountered papers arguing that the usual defenses based on 'empirical fit' are spurious and artefactual, etc. How come the consensus outside of the orthodoxy is so strong on deriding the validity of neoclassical economics but neoclassical econ. keeps being the core of the uni curriculum and the common parlance of most of the econ. academia? +Hi FF, + +I'm moving to Cape Town, South Africa. My rent and per diem expenses have gone to zero with a new executive role. + +I want to live within my means but also adapt my lifestyle to the change in circumstances, the allocated rent budget means I can now live in what would cost millions in San Francisco, a beachside four victorian 15 minutes from the CBD. + +I'd love to hear if others working in developing countries, but with savings or a 1st world salary invest in extras like domestic staff, for example, they cost around $20 for a day locally. +With the stock market still in the volatile territory and unemployment rates soaring due to the ongoing COVID-19 situation, are you expecting to see a lot of foreclosures in the upcoming few months?? +I'm new to trading in general, and explored FX and algo a little but I figure it's better to invest long term for 'time in the market'. + +I've got a share dealing account with IG (UK), that allows £0 minimum deposit on bank transfers. I was planning on maybe transferring £25-50 a month across. + +Is it worth exploring investing in shares at this level? Any advice? +I get that generally your risk amount should be at a previous support (and within the amount you're willing to risk) but how exactly do you determine potential profits? + +Would it be at a previous resistance? What if it's a new high and there is no previous resistance, would it then be at certain price points? + +I hope I'm making sense with question. For example, if I've determined that my risk amount is 10 cents, how do I know whether the profit potential is 20 or 30 cents (for a possible 2:1 or 3:1 reward:risk ratio). Every resource I look into states to know the reward:risk ratio in advance, but I don't find much on how to determine if it does (at least on the part of the potential profits). + +Thanks in advance! +I know that conducting too many trades in a TFSA is likely to cause a CRA audit but I’m honestly not sure what constitutes a “trade.” Is every transaction a trade, or just sell transactions? I have a lot of buy transactions, and very few sells. + +I just got into investing this year and didn’t have the confidence to go all in on anything so I’ve just been dollar cost averaging into a bunch of dividend stocks and a couple ETFs . Everytime I receive dividends I immediately put them into VFV fractional shares. Due to this in addition to buying often (I buy something almost every day) I’m worried this would be considered day trading. I do have a few stocks I sold out of after changing my mind on them. + + +If I purchased a stock almost everyday and am now looking to sell them all for a significant profit (50%), is this going to be considered day trading? +Hello, + +Got advised to post here from other Aussie group. + +33 yo, Married, no kids originally from France/Belgium, working fully remotely for a Eastern European company and living in Thailand.  + +Making $4000 US / month as a lead data engineer/BI developer. (Mainly MS technology)  + +I have a good life here, money wise, can save 50% of my salary.  + +But I’ve been offered a position in Sydney as a consultant for 130PA + 10% super. + +As you may be aware, Europe, particularly France, has become a "strange" area to leave (especially in terms of safety), and the future economic boom is certainly in Asia - Pacific, in my opinion.  + +How is going to be my personal finance in Sydney working in the IT industry ? Supporting my wife for a while, living a modest life. (As I said, I'm not originally from SEA, so I never get used to having nanny, or paying cheap people to do stuff, I mostly cook fresh food at home) + +Given the housing market in Australia, I've heard that I'll be renting for the rest of my life :( I understand that no one really know what going to happen with the housing market, and every newspaper are talking about bubble market, but it's seems like nothing is going to change soon ? + +But in other hand I could enjoy some good family time here. And rising happy kids ? Oh one last things, I visited Australia on a working holiday visa, few years ago, and enjoyed it ! but I was doing well paid job in the outback. + +So, am I stupid if I reject the offer ? Because of the cost of housing ? and COL ? or should I just be patient, works couple of years in Sydney, to get my Permanent Residency and move to an other city and wait for my salary to increase since the IT sector is booming, + +Cheers +Is this bothering anyone else? + + +I’ve heard speculation that SI is MAX 226%, as in the computer can’t register more than that, or show more than that. So isn’t it convenient that 113% shows up today? Of any number able to be put on to a data set, why exactly half? Something the computers just “can’t handle”? + +This just confirms my bias that there absolutely is something going on behind the scenes and we are absolutely closer than ever. + +Edit: here’s a post you might remember + +https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +So I am currently pregnant living in a MCOL city (Minneapolis). I grew up here and had no intentions of leaving…until I saw this job offer. I currently make about $250k-$300k with about 10 hours OT every week) and have about $180k in student loans from grad school. I actually have the money now to pay everything off and if I do, the student loan payoff will leave me about $200k left in retirement accounts. At my current standard of living, I can save around $80k a year. I am 40 years old. I have two sisters here who both have kids in college. One sister I never see, the other I am pretty close to. + +Here is my deal. There is a job offer in a very LCOL city in the Midwest that is offering a $250k sign on for 5 years plus an additional $70k in pay over my current salary to a total of $270k for 40 hours a week. If I pick up my current level of OT, I could easily make an extra $100k a year. Everything is about 20% cheaper in this new city, but it’s a lot smaller. And I will be alone (except for my husband who will be a SAHD). I also can sell my house and make about $150k-$200k. + +Am I crazy to turn this down because I might have to move away from my sisters and I am comfortable in my current spot? Moving will shave years off of when I could retire which has always been my plan. But I am terrified of the 5 year commitment and something happening to my husband and being all alone in a small city in a new state. But for my kid, things might be better. Cleaner air, big yard (and a pool), and not worrying that someone is gonna steal our bikes out of the garage when we mow the lawn. We could even afford to build our dream house. + +Just terribly stressed out and am wondering what a bunch of internet strangers would do in my situation. Help +Recently I quit a 140K job in a MCOL area to switch to a 100K role within the same organization. I've had the role I am switching to before and I could not be happier. But quite surprisingly, even within a few days of making this decisions I have noticed a change in my attitude towards FIRE. I am caring less and less about when it will happen. My high base level stress is what was fueling my constant need to plan FIRE even when I wasn't aware that there was anything bothering me. In hindsight, this should be really obvious... when work isn't miserable, dreaming about not doing it is not something we obsessively gravitate towards. But in the midst of it I did not see it so clearly. + +The rest of this post is about what I mean by stress since it is a vague concept. In order to make this decision I deliberated for a year over what exactly is it that is making me miserable. I tried anything I could think of to quantify my sources of stress and reduce them as much as possible. For me, stress came from the following elements: + +* Complexity of work: This is by far the biggest factor. The more complex the work, the more anxiety inducing it becomes and the more effort it takes to make any progress. Regardless of any other variables, a complex enough job can substantially reduce my QOL. There was no getting around that in my role. +* Quantity of work: There is a certain threshold of work, mental and physical, above which it starts to take a toll on us. If that threshold is being consistently crossed, it can generate a lot of stress and unhappiness. +* Urgency of work: While urgency can be a powerful tool for productivity, it also generates it's own form of stress. Consistent exposure to it will generate similar effects as too much quantity. +* Alignment with personal goals: A job that feels like it is contributing towards what you want to learn and accomplish in life, suddenly becomes a lot more bearable. That's how professors can get students to do the nastiest work for minimum wage. A job that is completely at odds with your personal goals can become a potent source of stress, even in the absence of all other variables. + +My job was a intense combination of all the above. To compensate for it, it offered unparalleled benefits and autonomy, but none of it made up for the fact that in the end I was slowly becoming a husk of my former self waiting to start living my life. Even worse, over the years I was starting to forget how freeing and enjoyable life can be when not burdened by the ever present stress that drains your life force. Absent other sources of accomplishment and pride, I was starting to replace my identity with my professional title. I knew then that if I didn't take action now, it would be a one way journey to the tragic life of a workaholic. + +Anyways, the point of this post is to make others in a similar boat think about why they are here. If some form of stress/job dissatisfaction is the reason you are here, you owe it to yourself to try to find a solution now instead of wait decades for retirement and watch your best years pass by. + +TL;DR: Stress was the reason I became obsessed with FIRE even when I didn't realize it. Leaving my job seems to have changed my perspective over night. Stress can be hard to identify when you have been soaking in it for too long. +I haven’t seen a media campaign this blatant before. They’re trying to convince boomers (who have a bizarre affinity with silver, it overlaps with bizarre conspiracy theories about who controls the market) that “the infamous, mysterious vigilante investor, Reddit” will be pumping cash into silver and anyone who buys in now will win big. + +It’s straight up lies. + +Anyone who participates on discussions here knows it’s a lie. No one is advocating for silver except morons and shills. Silver is and always has been a volatile commodity, which is heavily leveraged by bigger firms to move their money around the market. Invest at your own risk. + +If you are finding yourself confused about all the mixed messaging, just stick to the basics: + +Only invest what you’re willing to lose + +Don’t invest with borrowed money + +Buy low, sell high + +Invest in what you know + +And finally... YOU DONT NEED TO THROW YOUR MONEY AT ANYTHING. It’s not going to burn a hole in your pocket. If you’re questioning if something is a good opportunity, you can probably afford to wait for a better one. + +Edit: WHO THE FUCK GAVE ME SILVER YOU FUCKING MONSTER +I turn 18 in July and I will have access to $123,000. I was wondering how to make it work for me and what I should do initially, when I have access to it. +$13 million of stolen ETH being sold live right now and you can watch the hackers getting rich on the blockchain: [https://etherscan.io/address/0x4bb7d80282f5e0616705d7f832acfc59f89f7091](https://etherscan.io/address/0x4bb7d80282f5e0616705d7f832acfc59f89f7091) + +As confirmed elsewhere tonight (eg [https://np.reddit.com/r/CryptoCurrency/comments/r92ztx/it\_appears\_bitmart\_has\_been\_hacked\_and\_several/](https://www.reddit.com/r/CryptoCurrency/comments/r92ztx/it_appears_bitmart_has_been_hacked_and_several/)), BitMart was hacked and a huge number of tokens and coins were stolen. + +The official list is available here: [https://twitter.com/peckshield/status/1467302620000043013](https://twitter.com/peckshield/status/1467302620000043013) + +As well as a range of shitcoins, CRO, FTM, GALA, SAND, MATIC and MANA were also looted. + +But there is one upside: the ETH gas fees : ) + +So far the hackers have sold off more than $130 million of stolen coins .... and they're still selling as I type this. +Having spent a lot of my formative years playing poker professionally, my investment philosophy has always been that paper gains don't mean a thing until I've cashed out. + +About 2 months I decided to take a shot with an attractive, but pretty volatile growth stock. I liked the idea and it looked like a reasonable shot. + +Within a month, it took a nice 40% jump (I'm in for $5k) and it looked like it could go higher so, since it was just a shot anyways, I wanted to see if it would... it didn't. Shortly after, it tanked back down to below where I bought it. + +I'm not too mad about it, since it seems to be on its way back up. But now I'm curious if it's wise (or if anyone else has done it) to actualize some of those gains by selling off the profit portion of the shares, and then look to re-fill them if/when it dips again? + +In this instance, I was in for $5k (1060 shares x 4.70). The value jumped to about $7,100. + +What if I sell that $2,100 worth of shares (318 shares), keeping my initial $5k investment and then look to re-purchase (or even re-invest it) if/when it dropped down to the initial $4.70 mark? + +It makes sense in my head, but I don't know if it makes sense to more experienced people. +For those traders who’ve found consistent profitability, what was the moment you finally realized you “got it”? How did you know you’d reached that moment (in other words, did you know when it happened, or did you have to look back to realize it did)? + +Or if it wasn’t just one moment for you, what were the series of moments that you now look back on and discover those were what finally got you “over the hump”? +After recently joining the Musk family, Baby Floki is now a part of the BSC community as well with an epic fair launch that took place 6 days ago! + +Backed by an experienced dev team and equipped with unique tokenomics, Baby Floki aims to take the crypto world by storm. Join the telegram group now and be part of the community! + +✅ A detailed long-term marketing plan has already been prepared and is being strategically implemented for maximum effect. Plans include Poocoin and Coinsniper ads, Coinhunt promo, crypto influencer tweets, ads on crypto and other financial websites and much more! + +📰 Huge billboard ad went live a few days ago right next to Space X HQ in California! 2 other billboards are planned for the coming weeks. + +🦎 Just got listed on CG, CMC to follow + +📝 Contract was recently audited. Baby Floki is now certified by Nexus Solidity! + +🖼 NFT marketplace coming up in phase 4 of the roadmap! + +🚫 Unique anti-snipe and anti-whale features in place + +⚙️Tokenomics: 2% $DOGE Rewards for all holders, 5% Liquidity and 6% Marketing for buys. While for sells, there is an extra 2% going to rewards, raising it to 4% + +🔒 Liquidity is locked for 1 year. Moreover, additionally generated liquidity from transactions is sent to an inaccessible burn address + +Telegram: [https://t.me/thebabyfloki](https://t.me/thebabyfloki) + +Website: [https://www.babyfloki.info/](https://www.babyfloki.info/) + +Contract: 0x71e80e96af604afc23ca2aed4c1c7466db6dd0c4 +Disclaimer: I'm not a vegan. + +A few examples of what I mean with the title. + +"You still use banks? I unbanked myself." = "You still eat meat? I'm vegan." + +"Bank refuses to process my payment to a crypto exchange." = "Why doesn't this restaurant offer any vegan options?" + +"Why is X coin price not going up, while Y coin is pumping for no reason." = "Shouldn't the increased popularity of almond milk and oat milk have caused the price of soy milk to go down, not up?" (Literally on the front page of the vegan sub. I'm dying). + +2nd Disclaimer: Being invested in crypto nor eating a vegan diet is bad, pushing the idea everywhere is. + +But think about it. With families coming together over the holidays. Do you want to be the family member pushing his ideas to anyone there? Is it so hard to just be normal for a day or two? + +Even if you think you are helping, if someone is not interested, understand it. It's not for everyone, yet. + +**TL;DR: Do what you want, but don't push your ideas to everyone around.** + +Happy holidays everyone. + +Edit: As a comment by [**chriswuz**](https://www.reddit.com/user/chriswuz/) pointed out: + +"I think the post is about that phase where we discover new ways in life and we forget about friends and family just talking about that. It really sucks to be around someone only talking about a single subject and trying to turn everybody to it." -This, and it goes for any topic. +u/Peruvian_Bull + +Links to his DD on this: + +[https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation\_is\_coming\_the\_dollar\_endgame\_part/](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +[https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation\_is\_coming\_the\_dollar\_endgame\_part/](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) + +[https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation\_is\_coming\_the\_dollar\_endgame\_part/](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) + +Anyways, it's always cool when one of our DD writers nails it months (or in this case a FUCKING YEAR PLUS!!!) in advance and we can see all the idiots on TeeVee talking about how "nobody could have seen this coming!" while we just sit here and are all Leo DiCaprio meme "I READ THAT DD!!" + +If the bull makes his/her own post on this or comments on this one, make sure to upvote them! + +EDIT: the bull's post is LITERALLY right next to this one in "NEW" right now. AHAHAAHAHAHAHAHAHA. Also, get fukt hedgies, can't fight this level of synchronicity autisticallyismness. +I've heard multiple traders state that most strategies are either mean reverting or trend following (i.e. momentum-based), and successful strategies determine when to switch from one or the other (or stay on the sidelines). What metrics or indicators can I use to determine which type of market a given instrument or equity is in, mean reverting or trend following? +What's the general view here on the above fund? Generally it was positive on this forum (back in Dec when it launched), but more recently it's took a turn down. I expected it to be volatile and now wondering whether to buy more. I already have a decent stake in it (down 11%). + +Would appreciate any thoughts here. +I have realised that I ignore my gut too often. Two primary example in recent weeks. Deliveroo; I had £250 lined up and yesterday was mulling pulling out before the deadline because I just didn't like some of the things I was reading/hearing, but decided to hold on and hope. And secondly when Discovery tanked recently I thought, well it tanked because someone had some trouble and needed to sell off lots of shares and it must surely go back up, but then second guessed myself and thought it might keep going down. + +So simple question to all my fellow UK Investors, how much (after doing DD) do you trust your gut when making a decision? +Just curious on everyone's thoughts. I wouldn't think it'll be as bad considering a lock down is more extreme but a recession would probably be over a longer period of time. +I know many of us disagree on many things. We all have our favorite pet projects and argue about everything from proof of work versus proof of stake, to store of value versus medium of exchange. Some of us are into defi, for others its NFTs; maybe it's meme tokens that float your boat, or just plain old electronic cash. + +But I like to believe we also all share something in common. We believe in the power of crypto. We believe in what it represents and what it can one day make possible. But it's not just going to happen on its own. The future isn't going to be handed to us on a silver platter and it's going to take as many of us as possible to fight the powers that be and make our voices heard. + +I'm not proposing we take down the fed tomorrow, but what I am talking about is something much smaller, something I'm hoping you can help me set right. + +The other day I posted [here](https://www.reddit.com/r/CryptoCurrency/comments/qyb6zt/an_open_letter_to_johnny_lyu_and_kucoin_exchange/) about the exchange Kucoin. I explained how they've been holding \~$50K of my BCHA (aka XEC on every other exchange) for over six months without letting me withdraw. I shared emails showing how they've given me nothing but the runaround since May, and how Kucoin themselves had [announced](https://www.kucoin.com/news/en-kucoin-will-support-bcha-upgrade-0820) their support of this project 3 months ago, causing me and others to buy even more. + +[People's exchange my ass.](https://preview.redd.it/qwcsz21p09181.png?width=1370&format=png&auto=webp&s=85286d659c2edec9267f65c9b0496e13e328e285) + +But they've failed to live up to their word. + +While I was thankful to see so many kind and supportive comments, giving me hope for the crypto community at large, I'm sorry to say Kucoin still has yet to tell me when I'll be able to withdraw my coins. + +To those who suggested I just sell my BCHA and withdraw in USDT, the fact is I can't because there is no liquidity left. Who wants to buy a coin on an exchange if you can't withdraw, and I hold enough coins that I would have to sell for cents on the dollar if I did. Not to mention I'd just be passing off the problem to some other poor soul. + +But what's most important is that I shouldn't have to do any of that. And giving up would just be letting Kucoin off the hook, which I'm not about to do. + +So I'm asking for help from the wider cryptocurrency community. I want to believe that people in this community, more than any other, understand the difference between right and wrong and believe in a sense of justice in this world. + +I'm asking you to help me right this wrong, and share this post with as many people as possible. My goal is to reach the top of this subreddit and send a loud message to u/Johnny_Kucoin (Johnny Lyu, CEO of Kucoin) that his exchange can't get away with this. + +At this point I know that \~$50K of my money is probably gone, but I want everyone in crypto to hear about this so they understand the type of exchange Kucoin is. Because if they can steal my money, there's nothing stopping them from doing the same to you. + +I for one am tired of industry players who give crypto a bad name. It's time to call out bad actors and send a message to these companies that they must treat their customers right or we'll simply move our business elsewhere. + +I know this is a longshot, but I'm asking you to spread the word, because I am confident that this space is full of amazing people who believe in supporting each other and holding bad actors accountable. + +I'm not a vindictive person. I don't want Kucoin to go out of business. I just want them to do the right thing and make sure others aren't cheated out of their money like I was. + +Thank you for reading and best of luck to everyone. +[https://www.romania-insider.com/romania-ruling-coalition-changes-tax-code](https://www.romania-insider.com/romania-ruling-coalition-changes-tax-code) + +Any Romanians that can confirm this will be implemented after Januari 2023? They want to lower the threshold from 1 million euro to 500 000. According to this article, they even want to eliminate the possibility to be self-employed [https://www-profit-ro.translate.goog/taxe-si-consultanta/exclusiv-cea-mare-schimbare-fiscala-ultimii-ani-impozit-mare-60-case-taieri-facilitati-tva-mare-unele-bauturi-plafoane-activitati-independente-liberale-reguli-microfirme-20726274?\_x\_tr\_sl=ro&\_x\_tr\_tl=en&\_x\_tr\_hl=en&\_x\_tr\_pto=wapp](https://www-profit-ro.translate.goog/taxe-si-consultanta/exclusiv-cea-mare-schimbare-fiscala-ultimii-ani-impozit-mare-60-case-taieri-facilitati-tva-mare-unele-bauturi-plafoane-activitati-independente-liberale-reguli-microfirme-20726274?_x_tr_sl=ro&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp) and that part worries me the most, but it's translated so I'm not sure if it is correct +Long story short, while we are not 100% FI yet, spouse and I are in an *excellent* position so far -- own our home outright, have (low) seven figures in savings in both pre- and post-tax accounts (although VHCOL area) not counting 529s for kids, and spouse's job has ironclad health benefits. Windfall to come in a few years due to family generosity which would mean genuine FI, and this is not speculative (i.e. the paperwork is done and I have it). + +We have two young kids, and our district will be doing a hybrid model to start. There needs to be an adult to help the kids with the remote part -they are too young to do it themselves, period. We have no plans to hire someone, spouse must work in person, and grandparents are not a realistic option. + +I have been working professionally my entire adult life, but have come to really hate my job - extreme anxiety, not rewarding, and frankly, the money is no longer commensurate with the stress. I am working from home now, and will have to be the caregiver as well for this upcoming school year. My job is also not exactly compatible with being with the kids most of the day, unless I work till 2am every night. + +I feel like on paper this is a no-brainer to quit my job and focus on the kids -- and my hand may be forced. But the years of work, of professional responsibility, societal pressure to keep working/not just quit, fear of the professional unknown and where/how to get back in (not easy in my profession) and the fact that we are thisclose to having the FIRE $$ in hand due to windfall (but not just yet) are making me hesitate, or at least feel very conflicted about making peace with the fact that shit happens and I may just have to quit without being FI just yet. + +Any thoughts, support, constructive criticism, etc., is welcome. +I’m currently a sahm for my 3 year old and 10 month old. My boyfriend works 12 hour shifts 5 days a week sometimes more getting paid 15$ an hour. We live with my parents and we all fit in one bedroom. + +I just got a job where I’ll be making over 100k a year. A YEAR. I got an Indeed notification, and usually I don’t check them out but something told me to with this job. After a test, 2 phone interviews and a formal panel interview, I just got offered the position. + +I grew up in poverty. I grew up surrounded in divorce, alcoholism, poor schools, no heat/AC in the coldest or hottest months, a wicked stepmother, mental illnesses, and recently a parents addiction. + +I have the chance to give my children the life they deserve and my boyfriend a break from working all the time. When I got off the phone, I cried. This is the most amazing opportunity and I will finally make it out. + +No more having anxiety attacks when the pantry gets low, having to share a space with two kids and my partner, worrying how we’re going to pay this bill or that bill. Not having to put 10$ in gas or just feeling the struggle so much. I know there will always be a part of me that lives in the mindset, but as of right now, I am so thankful. +Hi everyone, + +Had some free time today so I ran some numbers on IPOs. + +**Assumptions of the data / disclosures:** + +\- Survivorship bias (companies that did not make it are not included) + +\- Removed companies for which no data was available in BBG (i.e. IPO date, offering size, etc.) + +\- Some data points are missing and I have left them blank + +\- Did not verify the data much and relied purely on figures from BBG so take what you will + +\- Offering size is not adjusted for inflation and reflects purely the amount at that specific point in time + +**What the data includes:** + +\- 1556 IPOs with the earliest dating back to 1919. + +\- Current Mkt Cap, IPO Date, IPO Share Price, IPO Offering Size, 1st Open / IPO Offer Price (Column H in ALL HISTORY sheet). + +**Some interesting stats:** + +\- ABNB, DASH, SNOW & BEKE (all 2020) are the only IPOs that have had an offering size of > $2B and a 1st open at 75% greater than the offer price. + +\- There were at least 16 IPOs in 2020 which opened at 100% greater than the offer price. Next closest was 1999 which has 6 companies. + +\- There were at least 50 IPOs in 2020 which opened at 50% greater than the offer price. Next closest was 1999 at 10 companies. + +&#x200B; + +I have upload the data to google sheets and you can take a more closer look yourself. + +[https://docs.google.com/spreadsheets/d/1D1d3\_GcnpPCZGoP2d8q\_pLf5hpUDKrFMksugQ0E5dzs/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1D1d3_GcnpPCZGoP2d8q_pLf5hpUDKrFMksugQ0E5dzs/edit?usp=sharing) +While I was studying for my Finance 101 course I came to the realization that when Melvin Capital had GME at 4$, most likely their risk models made it look like it was a sure bet to drive GameStop to bankruptcy. Not only did they not account for the tsunami of smooth-brains YOLOing FD's, (spearheaded by big dick big brain ape kings like DFV) they're going bankrupt for it. + +From this day forth, every hedgefund (especially ones that short) will have to account for the Retard Factor ™. There will always be the risk of the Robinhood Autists taking their Little Johns to tendietown! + +I for one can't wait to see it in retard Jr's finance textbook in the future. + +Positions: 270 Shares @ 14.48 +I recently introduced a friend to our humble, little subreddit and they quickly pointed out that the language spoken here did not appear to be English. I suppose we do toss around a fair amount of acronyms, memes, and slang. I put together a quick glossary of terms for them and figured I should post it here in case any other new ethtraders can benefit from it: + + + +## **Trading Related:** + + + +* **Exchange** +Websites where you can buy and sell crypto-currencies. Some popular exchanges in North America are: +Coinbase +GDAX +Gemini +Bittrex +Poloniex +Quadriga +Kraken + + + +* **FIAT** +Government-issued currency, such as the US dollar. +https://en.wikipedia.org/wiki/Fiat_money + +* **Whale** +Someone that owns absurd amounts of crypto-currency. + +* **limit order / limit buy / limit sell** +Orders placed by traders to buy or sell a crypto-currency when the price meets a certain amount. They can be thought of as 'for-sale' signs. These orders are what are bought and sold against when traders place market orders. + + + +* **sell wall / buy wall** +Using a depth chart, traders can see the current limit buy and sell points. The graphical representation on the depth chart looks like walls: http://media.coindesk.com/uploads/2015/05/image-1.png + +* **market order / market buy / market sell** +A simple purchase or sale on an exchange at the current price. Market buys purchase the cheapest ETH available on the order book, and market sells fill the most expensive buy order on the books. + + +* **margin trading** +The act of 'magnifying' the intensity of your trades by risking your existing coins. (NOTE: Very risky, only for experienced traders and only on certain exchanges even then) + + + +* **going long** +A margin trade that profits if the price increases. + + + +* **going short** +A margin trade that profits if the price decreases. + + + +* **bullish** +An expectation that price is going to increase. + + + +* **bearish** +An expectation that price is going to decrease. + + +* **ATH** +All-Time-High. We've gotten a lot of these the past couple months. + + +* **Altcoin** +Generally any crypto-currency other than Bitcoin or Ethereum. (Though some Bitcoin folks would probably still say Ethereum is an altcoin) + + + +* **ETH** +The crypto-symbol for Ether. Kind of like stock market symbols. (i.e., the crypto equivalent of AMZN meaning Amazon stock) + + + +* **Symbols of some other crypto-currencies that are regularly discussed/shilled around here:** +BTC - Bitcoin +LTC - Litecoin +ANS - Antshares +SC - Siacoin +XRP - Ripple +ETC - Ethereum Classic +FCT - Factom (described as a software license more than a coin, but can still be traded) + + + +* **Tokens** +Refers to the 'currency' of projects built on the ethereum network that have raised money via issuing their own tokens. Some common tokens discussed on this sub: +GNT - Golem +REP - Augur +BAT - Basic Attention Token +ICN - Iconomi + + + +* **ICO** +Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for ether. This is essentially crowdfunding on the ethereum platform. + + + +* **Shilling / pumping** +Someone essentially advertising another crypto-currency. If a coin is promised to cure cancer or be the second coming of Jesus, it's being shilled. + +* **stable coin** +A crypto-currency with extremely low volatility that can be used to trade against the overall market. + +* **arbitrage** +Taking advantage of a difference in price of the same commodity on two different exchanges. Often mentioned when it comes to comparing ETH prices on Korean exchanges against US exchanges. + + + +* **FOMO** +Fear Of Missing Out. The overwhelming sensation that you need to get on the train when the price of something starts to skyrocket. + + + +* **FUD** +Fear, Uncertainty, and Doubt. Baseless negativity spread intentionally by someone that wants the price of something to drop. + + + +* **FUDster** +Someone that is spreading FUD. + + + +* **Pump And Dump** +The recurring cycle of an altcoin getting a ton of attention, leading to a fast price increase, and then of course followed by a huge crash. + + + +* **Bagholder** +Someone still holding an altcoin after a pump and dump crash. Can also just refer to someone holding a coin that is sinking in value with few future prospects. + +* **Market Cap** +The total value held in a crypto-currency. It is calculated by multiplying the total supply of coins by the current price of an individual unit. This site shows a great run-down of each coin's market cap: http://coincap.io/ + +* **ROI** +Return on Investment. The percentage of how much money has been made compared to an initial investment. (i.e., 100% ROI means someone doubled their money). + +* **TA** +Trend Analysis or Technical Analysis. Refers to the process of examining current charts in order to predict which way the market will move next. + +* **MACD** +Moving Average Convergence Divergence. A trend indicator that shows the relationship between two moving averages of prices. More info: http://www.investopedia.com/terms/m/macd.asp + +* **Bollinger Band** +A margin around the price of a crypto that helps indicate when a coin is overbought or oversold. More information available at: http://www.investopedia.com/terms/b/bollingerbands.asp + +## **Crypto-currency related, but not really specific to Ethereum:** + +* **blockchain** +The classification of technology that Ethereum falls into. Blockchains are distributed ledgers, secured by cryptography. They are essentially public databases that everyone can access and read, but the data can only be updated by the data owners. Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide. More detailed information available at: https://en.wikipedia.org/wiki/Blockchain + +* **node** +A computer that possesses a copy of the blockchain and is working to maintain it. + +* **mining** +The process of trying to 'solve' the next block. It requires obscene amounts of computer processing power to do effectively, but is rewarded with ether. + +* **mining rig** +A computer especially designed for processing proof-of-work blockchains, like Ethereum. They often consist of multiple high-end graphic processors (GPUs) to maximize their processing power. + +* **Fork** +A situation where a blockchain splits into two separate chains. Forks generally happen in the crypto-world when new 'governance rules' are built into the blockchain's code. Some more information available at: https://en.wikipedia.org/wiki/Blockchain#Hard_forks + +* **POW** +Proof-of-work. The current consensus algorithm used by Ethereum. + + + +* **POS** +Proof-of-stake (not piece of shit). The proposed future consensus algorithm to be used by Ethereum. Instead of mining in its current form, people that own ETH will be able to 'lock up' their ether for a short amount of time in order to 'vote' and generate network consensus. The plan is that these stakeholders will be rewarded with ETH by doing so. + +* **sharding** +A scaling solution for blockchains. Typically, every node in a blockchain network houses a complete copy of the blockchain. Sharding is a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds. + +* **software wallet** +Storage for crypto-currency that exists purely as software files on a computer. Software wallets can be generated for free from a variety of sources. MyEtherWallet (MEW) is one of the popular. (more on MEW below) + +* **hardware wallet** +A device that can securely store crypto-currency. Hardware wallets are often regarded as the most secure way to hold crypto-currency. + +* **Ledger Nano S / Trezor** +Two of the most popular hardware wallet models. + +* **cold storage** +The process of moving crypto-currency 'offline', as a way of safekeeping your crypto-currency from hacking. There are a variety of ways to do this, but some methods most commonly used: +---Printing out the QR code of a software wallet and storing it somewhere safe, such as a safety deposit box. +---Moving the files of a software wallet onto a USB drive and storing it somewhere safe. +---Using a hardware wallet. + + +## **Terms more specific to Ethereum** + +* **smart contract** +Code that is deployed onto the Ethereum blockchain, often directly interacting with how money flows. Not my quote, but: "A normal transaction allows you to send money from A to B. Smart contracts allow you to send money from A to B, on the condition that C happens." + + + +* **solidity** +One of the most popular languages that smart contracts can be written in. Has some similarities to Javascript. + +* **Dapp** +Decentralized Application. This refers to an application that uses an Ethereum smart contract as it's back-end code. + +* **The Flippening** +A potential future event wherein Ethereum's market cap surpasses Bitcoin's market cap, making Ethereum the most 'valuable' crypto-currency. This site shows the progress of the Flippening in real-time: http://www.flippening.watch/ + +* **gas** +A measurement of how much processing is required by the ethereum network to process a transaction. Simple transactions, like sending ether to another address, typically do not require much gas. More complex transactions, like deploying a smart contract, require more gas. + + + +* **gas price** +The amount of ether to be spent for each gas unit on a transaction. The initiator of a transaction chooses and pays the gas price of the transaction. Transactions with higher gas prices are prioritized by the network. + + + +* **Wei** +The smallest denomination of ether. 1 Ether = 1000000000000000000 Wei (10^18) + + + +* **Gwei** +Another denomination of ether. Gas prices are most often measured in Gwei. 1 Ether = 1000000000 Gwei. (10^9) + + + +* **Finney, Szabo** +More somewhat common denominations of ether. The full denomination chart: https://ethereum.stackexchange.com/questions/253/the-ether-denominations-are-called-finney-szabo-and-wei-what-who-are-these-na + + +* **Raiden Network** +An upcoming protocol change to Ethereum that will enable high-speed transfers across the network. It is similar in some aspects to Bitcoin's planned Lightning Network. The name, I assume, comes from the Mortal Kombat character named Raiden that can shoot lightning. More reading available at: https://themerkle.com/what-is-the-raiden-network/ + + + +* **Frontier, Homestead, Metropolis, Serenity** +The four planned stages of the Ethereum development roadmap. We are currently in the Homestead phase. The Metropolis update is likely to be available sometime in the next year. + +* **MEW** +MyEtherWallet. A free site that can generate ethereum software wallets for you. + + +* **EEA** +Enterprise Ethereum Alliance. A coalition of startups and corporations trying to figure out the best way to use this dang thing. + +* **Vitalik Buterin** +One of the primary co-founders of Ethereum (and certainly the most well-known). A brief biography is available at: https://en.wikipedia.org/wiki/Vitalik_Buterin + +* **DAO** +Decentralized Autonomous Organization. An investor-directed venture capital fund built on the Ethereum network that was hacked in June 2016. The hack stole about a third of the DAO's funds and led to Ethereum being hard-forked the following month. The DAO is often cited as one of Ethereum's biggest stumbles thus far. + +## **Memes**: + + + +* **hodl** +Long ago, someone on a bitcoin forum got drunk and made a post with this typo in the place of 'hold'. A meme was born. + https://bitcointalk.org/index.php?topic=375643.0 + + + +* **lambo** +https://www.lamborghini.com/en-en/ +What we're all going to buy when we're rich. Obligatory: https://imgur.com/uKKwhcf + + + +* **This is gentlemen** +"This is it, gentlemen". Used to point out positive things that are currently happening. +http://www.urbandictionary.com/define.php?term=This%20is%20gentlemen + + + +* **mooning** +In the crypto-world, this does not mean exposing your buttocks. It is referring to a price going up astronomical levels. + + + + +Any mistakes I made? Any terms you would add? +Hi all, + +My mum is in her 60s and my parents divorced around 10 years ago. In the last few weeks my mum has been seeing a new man, originally from Egypt, but now living in the UK. They met through a local interest group, and have met for socially distanced walks in person. I think he may have also been to her flat. + +I live far away and don't have the best relationship with my Mum, so don't know more details about him, other than that he claims he used to be a pilot. + +I've just found out that my Mum has given him £2000 (from her small pension lump sum she recently got). She doesn't yet know that we know. Allegedly, his daughter in law is having IVF back home in Egypt and she couldn't afford it. My sister recently had IVF herself (which Mum's 'boyfriend' knew) so it's certainly something that would resonate with my Mum. + +My mum is also Bi Polar Type 2. Part of this means she is very careless with money. As none of us our allowed to speak to her consultant, were unsure if she has been formally diagnosed, and my mum usually refuses to accept that she has the condition, instead believing she has recurrent depression. She's currently in a hypo-manic phase. + +Further, my grandad recently passed away. Mum will receive a 1/4 share with the other 3/4 going equally to me and two siblings. She stands to inherit around £80,000 and her new man is aware of this. Me and my two sisters are executors (mum is not) for this estate, and I was wondering whether we can pay the money into a trust that we manage for her benefit, even tho this is not specified in the will. + +Please share your advice on how we should deal with this. Its very hard to know how we can stop this. + +We will speak to her about it soon, but we fully expect her to refuse to accept he is ripping her off. +A quick recap for those of you who are unfamiliar with the legend: + +OptionsSellers.com was a fund that marketed itself as a money manager for mid-upper class folks (doctors, etc) using trading methods that consistently outperform the S&P500. Their strategy? **Selling naked options on crude oil and natural gas.** More specifically they were using a method called the [short strangle](https://i.imgur.com/cWMeEj8.png), selling both put and call options with a wide delta between strike prices. Using this strategy they could rake in the cheddar so long as the price does not move outside the payoff region. + +What could go wrong with this? Apparently nothing, at least for a couple years. To their credit, OptionsSellers had somehow managed to avoid a catastrophic loss event for years while selling naked options on highly volatile commodities. Their returns were so endearing that they attracted hundreds of millionaire clients from all over the country. + +But then November 2018 happened. Natural gas futures spiked tremendously and shatterd the whole fund in minutes (literally minutes). Turns out selling naked options you can't afford to cover is a very bad idea. + +Suddenly clients who had multi-million dollar accounts the day before were receiving emails about owing money. OptionsSellers wasn't answering their calls and the website went offline. They knew it was bad, but how bad? They wouldn't get to find out until [cofounder James Cordier posted this 10 minute video of himself having a mental breakdown](https://www.youtube.com/watch?v=VNYNMM0hXXY). Can you even imagine what it must be like to have to find out your account's status through an emotional snuff film starring a man who should clearly be on suicide watch? + +Their whole fund wiped out in one fell swoop. Multi-millionaires waking up to not only being broke, but also **owing** the brokerage millions of dollars. James Cordier made the biggest YOLO with other people's life savings then billed them for it. What a legend. +I recently created a retirement spreadsheet using excel and am having a hard time understanding how, given the power of inflation, you could ever retire with relative certainty that’d you’d be ok in the long run. + +Suppose you retire at age 65 with optimistically $1.5 million in savings. Suppose that generates 5% per year in interest income that you plan to live on = $75K/yr. Suppose you pay 30% total income tax on that (fed/state) leaving you with ~$50K/yr or roughly $4,000/mo. Clearly today $4,000/mo is plenty to live on comfortably. + +But ~30 years from now (I am 36), assuming 3.2% annual inflation, $4,000/mo is worth only about $1,500 in today’s dollars. Still maybe ok if you live frugally; maybe have a place to live for free at that point (assuming you didn’t need your home equity to get to the original $1.5M nest egg). + +But the thing that really has me scratching my head is what if you live to be 95? That $4K/mo is now worth only ~$600/mo. That’s tough to live on. AND the thing that is even harder for me to understand is how much money it would take to make a material difference — suppose you double the $1.5M nest egg to $3.0M. By 95, that is still only giving you ~$1,200/mo in today’s dollars worth of purchasing power? + +Clearly you might have additional income — SSI and/or work pension etc. But for the sake of simplicity, assume you don’t have those additional sources (because 1.5M as a nest egg is a stretch as is, so in coming up with the above numbers, I already shifted them to assume some of that original $4k/mo includes those sources). + +How does one responsibly plan to live into deep old age (the universe willing) given the power of inflation? Once you stop working and start living on interest income, your dollars seem to devalue rapidly. Is the only solution kids/other family support by ppl working who make salaries inflated to 60-years-from-now levels? Or just enjoy the first 10-15 years of retirement while your money is still competitive? Is the advice on so many finance websites to aim for 1M to 1.5M in retirement savings dated (keyed to today’s dollars or even 30 years from now dollars, rather than 40/50/60 years from now dollars)? Or the advice that you should save X times your current salary to sustain X quality of life somewhat incomprehensible, since retirement is not a static situation, but rather a dynamic one in which X quality of life takes increasingly more income to sustain every year? + +I’d really appreciate any help with reorienting my thinking about this if possible. I thought the retirement spreadsheet drafting process would make me feel more secure, and instead I feel less secure. + +TL;DR - draft retirement spreadsheet has me confused as to how one can ever reasonably expect to live 30 years post-retirement on interest income alone without many millions in savings given the power of inflation. Please help :) + +EDIT: Wow, thank you all so much for the incredible response and wealth of information. To summarize major takeaways: 1) The biggest mistake I made was to assume that I would live entirely off interest income in retirement; rather, most people seem to draw down principal and a 4% draw is very likely to last 30 years, a 3% draw almost certainly will (see Trinity Study and concept of “Safe Withdrawal Rate”). 2) I made many assumptions that are too pessimistic: a) tax rate is likely to be something closer to 20%, b) real return (inflation adjusted) is likely to be 3-5% annually, in part because c) 3.2% is likely too high an estimate of inflation (100-year historic average does not take into account modern monetary policy). 3) If possible, try not to assume the equity in your home will become part of the nest egg; great if you can live in the home to reduce housing expenses in retirement. 4) For many, retirement at 65 may be optimistic given increasing life expectancies — consider staying engaged even in part-time work you enjoy beyond that. 5) Expenses do tend to go down in retirement, though this may be non-linear (early active years, more sedentary mid-retirement, increased care costs in late retirement). 6) Consider “bond tent” or similar approach to asset allocation near the retirement age. Since poor stock market returns near retirement can cause you to dip into principal in a way that dramatically alters performance throughout retirement, it is a good idea to shift some of your portfolio to bonds near retirement age (see “Sequence of Returns” concept). 7) If an appealing option, consider jurisdictional arbitrage — i.e., make money in a place where wages/income are relatively high and then retire to a place where cost of living is relatively low (tl;dr - work in the US and retire to Mexico/South America/Southeast Asia). 8) Lastly, wherever you are on the path to retirement, proceed in the face of inherent uncertainty (even the corrected assumptions above about SWRs, future tax rates, real returns, and inflation are not certain), balancing as best you can the ability to hedge risk and plan for the future while also enjoying today. Thank you all — spreadsheet updated! +Here's a reasonable scenario for the next 12 months, being **very** conservative for Ethereum and **very** generous to Bitcoin. + +* 1st, (1-6 months) RSK doesn't suck completely. It actually gains a few dapps. It's ok. BTC gets some gains, ETH suffers a notch. +* 2nd, Bitcoin doesn't split, and a modest scaling solution passes (1-6 months). Bitcoin surges with the news, which trickles positively throughout crypto a bit, but seems to leave the Flippening behind. +* 3rd, Metropolis delayed until October, a modest increase in ETH relative to the news, but Bitcoin still firmly big papa. +* 4th, Lightening network and Raiden release around same time. Relationship between BTC and ETH unphased, but both chains benefit as a whole. +* 5th, Devcon 3 hits (Nov 1st). People are reminded of the what's actually happening in the crypto space, which was forgotten. + * a) No other blockchain has this much capital dedicated to development, and there appears to be no way to change that relationship for the foreseeable future. Not just the funds held by the Ethereum foundation (which essentially has immortalized it), but also by EAA, and several Dapps, which have also gain so much support they are now near-immortal in their ability to develop Ethereum and ETH out. RSK never had an ICO to push its core tech forward in any sizable way. It permanently locked as an Ethereum dependent. RSK doesn't have EEA, never will. And all other new blockchains would be lucky to reach the funds of a single ETH focused ICO. Essentially, Ethereum IS the innovation lead for the foreseeable future. + * b) Evidence at DevCon3, while PoS and Sharding are still in development, clearly, it will happen. Will it happen without flaws, probably not. Will those flaws create momentary controversy. Maybe. But as we've seen in the past, blockchains, especially Ethereum, live strong through them. **It will be fixed, if needed**. + * c) A realization that mining cartels can't stop PoS. They COULD try to create another Ethereum, but why would a developer community give a shit about it. People now see that PoS IS going to happen. As will sharding. And in time, it will be a success. There nothing that can top this, only match it, and matching it isn't enough to handle the network ETH has created. + * d) RSK flaws, which have been discussed for over year but seem to be easily forgotten, are further realized now that it's been around for awhile. In fact, putting Bitcoin on Ethereum (whether by relay or two way peg) actually has MUCH more functionality and a stronger set of applicable developer tools and network. As much as this is accepted, without sharding, very little will be done with it. RSK, as a novelty, is still around. +* 6th, Post Devcon 3, Ethereum flips Bitcoin (I actually think this will happen sooner, but remember this is a conservative scenario). +* 7th, Even with Lightening and Raiden, Bitcoin and Ethereum start suffering greater transaction lag and increase costs. A new civil war emerges in Bitcoin, how to scale *further*. Maybe even a PoS camp threatens to split given that casper is looking solid now and is a huge threat to PoW dominance. That said, Ethereum is suffering too, but the scaling solution is on the horizon. This is the time for the other coins to shine, maybe even a nice 6 month period, with the argument that the world needs all the chains to REALLY scale and diversify uses cases (Zcash as the prime example, which I suspect will be in the top five market caps by now). +* 8th, Casper finally hits (12 month mark). Ethereum, along with it's associated tokens, dominate 80% of the cryto space, total. Mainstream attention is here now. Casper PoS work well and allows a new level of scaling that's unmatch (although still not quite enough for the year following). Your grandma has heard of Ethereum, but still doesn't get it. Ethereum's public chain is scaling to a degree, but sharding is severely needed. Bitcoin remains locked in its new civil war, with no real solution in sight. RSK is mostly ignored. + +This is conservative guess for Ethereum, and generous guess for Bitcoin. I don't see the SEC doing anything serious. They seem to be of the philosophy to watch how it pays out more, and ETH this next 12 months, is too "in development". However, I feel confident what 5 a-d is likely on the money. Basically, if you buy ETH, store it for a year, your going to be a very very happy person. There's going to be a lot of FUD and FOMO over the year. But without question, ETH WILL BE ON TOP by a very large margin. The smart move, as it has been for the last two years, is play this long game. No other blockchain has this level of developer momentum. Not even close. Literally, the Ethereum Foundation, EAA, and several ETH-based ventures now have near-immortalized levels of funding. That WILL pay out fucking huge, even with all the bumps along the way. +Y’all are amazing. I haven’t learned how to trade without ever losing or learned special secrets in this sub that are not available elsewhere, but, I have still learned so much. I’ve learned how to implement rules and stick to them. I’ve learned how to take profits , but even more important to me, how to take a loss. I’ve got help in what to watch and what to watch for. Day by day im losing less and gaining slightly more. I got into stocks in January and my style was throw money at penny stocks and hope it worked out. Little dd and no strategy. It was a casino and won big and lost big without much knowing why. Day trading is less of a casino for me and I love it. I get to watch the scanners and look for patterns and observe the indicators and make a decision. I know more of what’s going on and I’m seeing more and understanding more each day I do it. I’m hoping I can keep learning and grinding and someday make consistent profits. I’m in no hurry. If anything I’ve learned that I should learn how to trade well and the profits will follow in time. I’m hoping some day I can get in here and help folks like y’all helped me. Thanks and catch you on those green and red waves. + +Your friend in day trading, + +Theowlprince, +Is there a way to get commbank/chess to stop sending me bulk mail? I don't want my men to know I have a dumbfuck gambling problem. +There didn't seem to be an option in the Commsec app and the letters didn't have any clues. Z1P had an option for online but that was specific for them and their (now worthless) shares. +I have a dilemma and I would like your input. +Many years ago I inherited a large amount (~7 figures) which is in a stock portfolio in an estabilished German bank, let's call it TheBank (I am based in Germany). +In the last years I have learned more about investing, my own risk tolerance and set my financial goals. +I have concluded that, while the portfolio has performed well, it is not nearly diversified enough and not to my liking. + +TheBank is in an expensive bank: 1% fees for trades below 50k, 0.5% above that, +and (the worst part) 0.2% p.a. fees for portfolios on top. Of course I am not happy with this. + +My dilemma is whether I should + +1) -Move the assets to some cheaper but reputable broker/bank, with flat fees and *no* portfolio p.a. costs. + +-Sell the majority and reallocate to a more diversified portfolio. + +Or + +2) -Stay at TheBank + +-Sell & reallocate to a more diversified portfolio. + + +At first glance it seems like a no-brainer: Leaving TheBank is the sensible option. + +However, I have reservations: + + +1) **The financial relationship is old**. + +My family has been with TheBank for decades and I've essentially been banking with them since before I was born. +They 'know' me financially, or at least they know that I don't 'splurge' even though this large +amount has been at my disposal for many years. +I am of course not being sentimental, rather I have a hard time estimating the value of a long-lasting relationship +with a German financial institution. Is there an opportunity cost when ending such a financial relationship? (e.g. better rates for a loan). The higher costs of TheBank are of course annoying and not competitive at all, but they are also not detrimental. + + +2) **The tax situation is opaque and possibly complicated**. + +The unrealized capital gains on most positions is significant (~60%+). +Most of these positions were bought before 2008 and thus can be sold tax-free under German law. +However, some positions where also partly or wholly entered into after 2008. +Hence, predicting the taxable gains is more complicated, +especially because I unfortunately do not have a handle on when and which transactions took place, since I wasn't controlling the portfolio. +I am worried that transferring to a cheaper broker/bank, they will mess up the tax calculation when I sell +and I will have no way of verifying it. + + +So what do you think? Is there an opportunity cost in leaving or is it negligible? Any other thoughts? + + +UPDATE: For anyone interested, here is the update after a month: + +* I discussed my plans with the bank advisor at TheBank. There was in fact no wiggle-room for better rates, and they were actually quite understanding of my wish to leave (not that they had *any* negotiating power, but still a salesman could pitch a sale...). + +* Given the above, I indeed transferred around 70% of the portfolio to a cheap but reliable broker. Most positions have been or will be liquidated and allocated in a much more diversified way, adapted to my own risk tolerance. + +* My fears about 'messing up' of the tax calculations were unfounded; everything worked smoothly and correctly AFAIK. + +* I plan to transfer and reallocate ~25% of the 30% remaining at TheBank. This will allow me to retain the financial relationship with them (albeit I might be 'demoted' from their "Private Banking" department). + +All in all, I think this was a good decision; thanks to everyone for their help! +So purchasing MFs using Kuvera has become a nightmare. Customer support team is inexistant and these days I'm not even getting emails from them post placing an order or for unfinished order. + +Do we have any similar alternatives that would allow us to directly purchase funds from the respective fund houses (not in dmat format like coin)? +My parents are financial disasters (but basically good people) and my siblings are strapped (but also basically good people.) Mom and dad currently live in a house that they bought because it appraised as having "no cash value" because they "always wanted to live in the country". It's really not suitable as their health gets more fragile. (No washing machine, wood-stove for heat, many miles from basic amenities, cold in winter, etc..) And it's not near any family who can help them manage. + +I'm the only one who \*might\* be financially able to help my parents, but I can't do it without house-hacking. I was thinking of buying a 4 plex using HELOC to access equity in my current house, move them into one unit, and rent out the other 3 to cover the mortgage. I know I can't expect financial support from my parents. All I would get out of this is knowing that they're in safe, sane housing and that they're where my siblings and I can look after them. + +Unfortunately my parents are hoarders with too many pets and dad is a heavy smoker. They'll absolutely trash their unit. This is why I couldn't buy a SFP. I can't afford to house them without cash-flow, but also I'd lose my WHOLE investment in an SFP when they trashed it. + +The most immediate concerns I have would be: + +What kind of tenants can I get when they're sharing a 4-plex with chain-smoking hoarders with too many pets? + +With no experience, can I even manage a 4 plex? (Was thinking of shopping near one of my siblings in a LCOLA who could "manage" the property, but same question applies for them.) + +If my parents trash their unit (which I'm taking for granted that they will) will it destroy the value of the whole 4 plex? Or are there ways to contain the damage? + +What else should I be thinking of? +I am not a lawyer or a financial advisor. Neither this post, nor any of the comments therein, shall be considered legal or financial advice. + +The Gamestop report is in and it's official - the SEC is going to do nothing. You know what's next right? SHF are going to bring the hammer tomorrow morning at the open, and maybe another one later in the day, to break our morale. They figure they can leverage this report, through the mountain of BS from the MSM pukes, into pushing us out once and for all. + +Instead, I'd like to suggest we make this OUR opportunity to break their morale instead. I've been holding back some cash for just this occasion. I don't doubt more than a few others have been too. Let's show those f\*cks what Retail can really do. +TLDR: + +The official Avanza Twitter account posted the number of shares that were voted as "broker non-vote" back in May/June 2021. I asked them about the current number and they responded, showing a 60% increase. + +Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🧑‍🚀 + +The slightly longer version: + +Here is the original tweet, back in May 2021. + +&#x200B; + +https://preview.redd.it/qtdthtwslec81.png?width=599&format=png&auto=webp&s=0fb7ab7ab67eaed8d35a66e281f6a49536524645 + +Source: [https://twitter.com/avanzabank/status/1397874363056197633](https://twitter.com/avanzabank/status/1397874363056197633) + +My DM conversation with them, starting last Friday: