diff --git "a/reddit_finance_43_250k_132.txt" "b/reddit_finance_43_250k_132.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_132.txt" @@ -0,0 +1,10000 @@ +🔥 Come join the TG for your chance to earn a spot on the whitelisted presale! SweepWidget will be used for competitions to give all members a fair chance at earning their spot! Launches August 13th, 2021! + + +——-Additional Links———- + +🌐 **Website**: https://kodiaktoken.com + +📬 **Telegram**: https://t.me/kodiaktoken + +🐦 **Twitter**: https://twitter.com/KodiakToken?s=20 + +📸 **Instagram**: https://instagram.com/kodiaktoken?utm_medium=copy_link + +📺 **YouTube**: https://www.youtube.com/channel/UCEuQFR37vuxcn7d-wrcu7iw +There's been a few posts I lowkey get a FUD vibe from. Fully digestible, super easy steps on having a custodian DRS your GME with ComputerShare. + +Except... It takes weeks because of Snail Mail and it costs hundreds of dollars just to have each process set up. All the while I recorded a 45min conversation with a Fidelity rep that was one of the only bad CSR's I've had the displeasure of dealing with saying in his whole 15 years and 4 months in the financial industry he had never heard of a DTC W/T Transmission + +***As of Feb 14th*** ***Fidelity will not initiate custodial held shares to be DRS'd to ComputerShare.*** + +He couldn't send me an email of the document, he lied about saying he couldn't do anything more than send a click for a template email from his system when I've received plenty of internal customized messages previously to my Fidelity account. + +We went around in circles, from it first being a rule, then a policy update and finally a reiteration of what was already not ever a possibility for Fidelity. I never received an answer on if it was within the technical possibility would it be their rules or their system limitations that would stop them from doing so. + +Redditors for months have posted the same thing and I'll just reiterate it **real quick for anyone else that doesn't know you can DRS your IRA to ComputerShare as easily as any other DRS:** + +* Call your broker, ask to transfer your IRA GME to a ComputerShare Custodial Held IRA +* Explain you are requesting to initiate a DTC W/T (*Withdrawal by Transfer*) Transmission +* Request for them to stay on the line while you call a ComputerShare rep (open from 9am-6pm EST) to merge a conference call \[Their CSR line is (800) 564-6253\] +* Verify that CS's DTC#7807 is the location where this transfer is being to initiated to + +**(\*Quick Edit: ComputerShare Investor Relations Phone: (817) 424-2001 | Email:** [**investorrelations@gamestop.com**](mailto:investorrelations@gamestop.com) **|** [**ComputerShare Individual IRA account creation link**](https://www.essential.co/stock-information/dividend-reinvestment-and-dspp#:~:text=Individual%20Retirement%20Accounts%20(IRA)%3A&text=In%20all%20subsequent%20years%2C%20twenty,%2D800%2D472%2D7428) + +\^ From the link above\^ ***You may establish an IRA, Roth IRA or a Coverdell Education Savings Account which invests in Essential Common Stock through the Plan. IRA contributions and rollovers do not count against a participant's $250,000 annual investment limitation. There is an annual maintenance fee of $45.00 charged by the IRA and Coverdell Education Savings Account Trustee, which we will pay for the first calendar year in which you participate. In all subsequent years, twenty five dollars ($25.00) of this annual fee will be charged to you, with the balance paid by us. For information about opening an IRA, call Computershare Trust Company's IRA Specialists at 1-800-472-7428.)*** + +# Edit over, just calling out FUD comments + +**Don't believe their lies** + +**My rep had to be poked & prodded to admit if ComputerShare was an IRA custodian he would be able to begin the transfer** + +**They want to act dumb and gaslight you to think you're dumb as if you're trying to DRS your shares from an IRA account rather than a simple transfer of assets to another custodian.** + +&#x200B; + +If this went out internally to every single Fidelity rep this week, but not posted anywhere online or in the app/web portal I could find after searching pages and pages of different search results, PDF results and news on Google, then things are getting scary. + +Why would they send out a huge written policy document "updating" rules that have always existed but never been enforced before. The week before the MACD is roaring past the signal bar after its signature drop beneath, bump up for a quick breach and dive back down until once it pushes past the signal line is exactly consistent for each of the last 3 quarterly rollovers. Hell we even had the thursday dip after a neutral wednesday before the next week's breakthrough. + +Clog up their lines, take back your property, don't let your retirement pay for the artillery used against you for the 08' equivalent of buying CDS's knowing what's coming while people are buying homes at the highest point in the housing market since... well 2007 with a pandemic, 15% inflation by previous measurements, record walkouts and unemployment. The economy can only be propped up weekend at bernie's for only so long before the corpse starts smelling and Wall Street gets their party shut down. + +Come Monday, I honestly don't know, but I'm not trusting Fidelity. They've shown they're just the Boomer's Robbin' Hood and with EToro literally closing out account positions, there's probably if at any stocks left that are cheap enough to not cause a gamma spike just from having to cover the FTDs. + +\------------- + +BTW It's very much illegal for you to be told you can't transfer your shares. In case they start saying company policy will be followed over the law: + +SEC: hotline for prevention of share transfers (800) 732-0330 | [investor.gov](https://investor.gov) | [SEC.gov](https://SEC.gov) + +FINRA: (301) 590-6500 | [FINRA.org/Investors](https://FINRA.org/Investors) + +NASAA (North American Securities Administrators Association) | (202) 737-0900 | [NASAA.org](https://NASAA.org) + +&#x200B; + +Have this info ready to conference them in if you get any resistance from your broker +*Anyone else having a different broker following the same actions from new policies they instituted about transfers that aren't real but they still won't do?* + do you pull money from each check for expenses or do you save one check for expenses and save one check for other stuff? I hope this isn't too vague a question. I'm just wondering if anyone has found that they save more money one way or another. I usually take a portion from each check for my monthly expenses but then I'm left with little. My monthly expenses are basically the total of one whole check but, 3/4 of my monthly expenses occur at the beginning of the month right when I'm paid and the other 4th is at the end. + +EDIT: For anyone reading this looking for similar advice. Big take away is to track every dollar. I'm not the worst with money but I'm not the best either and I want to improve.So i definitely need to track and keep an eye on my dollars. I have never really tracked my spending but now I definitely will. MINT, EXCEL, YNAB, were some of the tracking systems mentioned in this thread so far. Big thank you to all who commented and will comment with advice. You all are MVP in my book! +Sorry in advance if this isn't the right sub for this. + +In August of 2018 I was offered an upper management position at the small company I work for. I was previously in a middle management role and am now overseeing the entire company (~40 employees). + +Upon making this offer, the owner of the business did not initially provide additional compensation. After about 2 months of working my butt off and proving myself, I was given an offer to transition from hourly pay to salary. I was not offered any additional benefits, and although I'm salaried I do not get any of the common perks of being salaried such as schedule flexibility - in fact I still am expected to punch in and out and work set hours every day. + +At the time I was offered salary I calculated what it translated to in hourly pay going off of a 40-hour work week, but I am now expected to work a minimum of 45 hours per week and usually clock around 48 hours per week on average. + +I just realized my fuck up and did the math based off of a 45 or 48 hour work week, and with the hours I'm averaging I actually took a pay decrease compared to what I'd be getting with overtime pay at my previous hourly rate. I have a shitload of responsibilities compared to my old position and again I got zero additional benefits. Needless to say, I'm furious. + +My boss can be kind of an airhead so I wouldn't be surprised if he didnt even realize this, but he also treats his employees like crap so he might have been well aware of the fact that he was screwing me over. + +Can I dispute this now? How do I bring up the conversation? Any and all advice would be greatly appreciated! +You read that right. Retail doesn't own the float. Superstonk doesn't own the float. Whatever "we" you want to consider, doesn't own the float. + +Does that make you uncomfortable? Because it should. + +Over a year ago, projections and estimates garnered from various polls suggested that retail owned the float several times over. The numbers seemed conservative and sound. Tits were jacked. Memes, posts, and comments resounded with the claim, with the *certainty*. + +But this was in the midst of learning that our shares were not owned in our names, and we reserved few to no rights pertaining to ownership. We discovered the power of DRS and how to truly own our purchase. + +Now, about 60% of the free float is truly owned by retail. + +**The rest of you own nothing.** You are the supplicant holders of the DTC's IOU certificates. You cannot with guarantee vote your shares, only suggest that your broker do so. You are not eligible for dividends in their unequivocated form, unless decided so by your broker, if even possible through them. And you hold forward on the risk that you may not be able to redeem your IOU through a trade of your choosing; Dr. Trimbath has warned of this, and it is precedented. + +What you have purchased is a stand-in-line ticket to the show that the real share owners are already taking their seats for. The mic checks are starting, the spotlights are warming up, and you are standing outside in the cold on a hope. + +Soon the world will see the success of our concert, and millions of people will begin to purchase the real tickets to other, lesser shows. Will you look back at the moment history was made, and recall the fracas heard from the parking lot? Or will the glory of the prowess you put forth to affect our very system of investing be forever seared on your soul as you own the triumph of our times yourself? + +Until such a time, no, retail does not own the float. + +And when that time comes, whether sooner or later, is directly dependent on retail's desire to own their purchases. + +Hope to see you at the show! + +# DRS +Ok, there is some competition but, future competition is non existant. The regulatory hurtles, the land that would need to be baught, the man power it would take to build a new railroad network is just out of the question. + +So what are we left with? The only companies that still exist. And they are all prospering. + +Me, I chose CNI. + +Canadian National Railway. (CNI or CNR) + +Just had a huge dip after the KCS offer. Perfect time to get in while the market is down. + +If they dont get the railway, their SP should shoot back up. If they do get it, theyll have the first transcontinental railway going from across Canada down to Mexico. + +Win win in my opinion. + + +Eidt: ok ok. To everyone saying self driving or electric trucks. + +You realize CN and CP also use trucks. So they too would be using these electric trucks or self driving trucks. + + You also forget there is a lot of time saved going by rail rather than by road. + +Rails reduce a lot of traffic on the roads, if all freight were moved by trucks the roads would be a warzone. +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. + +*** + +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! +So I've been watching the worlds most extraordinary homes in netflix and figured this might be a place where someone may have built a unique home who would be open to talking about the experience and cost. + +Most of these homes are heavy on concreate/steel and are built custom by an architecture firm managing the build. + +Some look really nice but it really had me wondering just how expensive building one of these might be as it would be a cool thing to do depending on how FAT things get later in my journey. + +Land looks cheap as most seem to be built in remote areas but require such custom materials and time that i just have no clue what to expect. + +Anyone go through this yourselves? +Going all in pre apple buy back shows insane confidence in his company. + +All his options for the poll was Apple and toilets. Apple going down. Spec is to go all in on GME without using his executive shares at all. + +When he took his stake in BBBY GameStop shot up. Meaning same basket. Meaning rehedge. Mean cycle reset. He knows end date and is going to fuck them in dry roll period where they’re completely unhedged. + +And we can still split and he can also buy up insane amounts with his apple holdings. + +We moon soon. + +HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL + +Edit: rehashed his old sugar daddy tweet as well. Posted at 6:02. On 6/2 is proxy vote for him giving us stocks as dividends. Sugar daddy Cohen confirmed. + +Also both direct mentions of apple, not falling far from tree (buy backs, notorious as fuck for buy backs like 90B in buy backs in short term) they have been at a peak and proceeded to dump 8-12% in the short term following. + +YOOOOO +Anyone here ever get audited by the ATO or know someone who did? Please share your story. It's a constant fear of mine, albeit irrational as I do keep meticulous records but I've got multiple IPs and a family trust with dividend income. Honestly, it's something I lose sleep over, every year during tax time. +Recently there are so many posts from people asking others to rate their portfolio. A lot of the time these people have small portfolios and and brand new to investing. These people should be investing in some asset allocation ETF like VGRO or XGRO. Set it and forget it. + +You should NOT be trying to beat the market when you are so new to investing especially based off advice from internet strangers. Just because someone says a certain stock is promising or cheap doesn’t mean you buy in. Do your own research. In the meantime invest in VGRO/XGRO and focus on saving money. Investing isn’t something you quickly “figure out” and manage to get rich quick. You need to save and commit the time to learn. Don’t just trust internet strangers to pick your stocks and trust you will get rich. Spend more time saving so you can contribute more and less time trying to beat the market when you are new. +💙 The [Altrucoin](https://Altrucoin.io) smart contract is verified on [BSCscan]( https://bscscan.com/token/0xeDAF1F5B8078d4feb4E13c8d5A2c8dE1365be7b6)! + +🚀 Don't miss your last chance to get in early! +This is the start of something big. Zero tokens were kept by the development team, 30% tokens burned (dev wallet) 🔥, and all team member identities are public! + +💙 **What is $Altrucoin?** +The Altruism Protocol ($Altrucoin) is a community-driven and controlled, reflection and charity token with a proven use case in the works (defi lending). The protocol was built from the start for full decentralization and will launch with community-controlled donations through our [live voting app](vote.altrucoin.io). + +🤔 **How does it work?** +$Altrucoin includes many established tokenomic mechanisms including: + +-Deflationary tokenmoics (token burn, locked liquidity) +-Frictionless yield generation (reflection) +-Automatic liquidity pooling +Defi Lending/Staking for additional yield (in development now!) + +[10% transaction fee, distributed as follows:]( https://twitter.com/AltrucoinCrypto/status/1399223447776006146) +-5% distributed to all holders (AKA HODLers 💎👐) +-2% added to the locked liquidity pool +-1.5% added to the charity wallet +-0.75% added to the marketing wallet +-0.75% added to the development wallet + +🔒 **Security** +The team has taken many steps past what is normally expected to ensure token security. + +-All protocol wallets are multisig controlled including the ownership address. +-The smart contract is publicly verified on BSCscan for anyone to read. +-All liquidity pool tokens are repeatedly time-locked to ensure the contract is rug-proof, including tokens from the launch sale. +-The identities of all team members are publicly disclosed. +-Internal audit completed (5/28/21); external audit is in progress. + + +🥇 **What sets us apart?** +Some of the features that make $Altrucoin unique are: +-Built for decentralized control, partially decentralized at launch +-Transaction fee reduction plan for usability +-Defi lending use case in development +-Charity voting app (already live!) + +💝 **Donations** +All donations will be controlled by community vote, votes are weighted based on token holdings. The voting application is already built and fully functioning at launch! (vote.altrucoin.io) + +🔗 **Links** +[Pancakeswap](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xeDAF1F5B8078d4feb4E13c8d5A2c8dE1365be7b6) | [Telegram](https://t.me/altrucoincrypto) | [Website](https://altrucoin.io/) | [Reddit](/r/Altrucoin) | [BSCscan](https://bscscan.com/token/0xeDAF1F5B8078d4feb4E13c8d5A2c8dE1365be7b6) | [Twitter](https://twitter.com/AltruCoinCrypto) | [Discord](https://discord.gg/weFp6GPWwY) | [Live Roadmap](https://www.notion.so/Altrucoin-Live-Roadmap-a70c05dbfaad475d89af0d36ed7afaa2) | [Live Whitepaper](https://www.notion.so/Altrucoin-Live-Whitepaper-a46458c7613a4245bf64d240db972759) +I'm not the only one putting 2 and 2 together. Business acquisitions are a terrible way to acquire businesses because it reveals your cards. + +AMD, Xinlinx has revealed AMD is 20% overpriced. Xinlinx estimates their fair value at $91. + +And this guy is also betting big on it but for technical, not fundamental reasons alone. + +https://www.google.com/amp/s/www.cnbc.com/amp/2021/08/05/one-options-trader-bets-7point5-million-on-a-breakdown-in-amd.html +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! + +# Florida Man Token! + +**MASSIVE $30,000 marketing campaign just days away!!!** + +**Season 1 NFTs (2500) almost sold out!** + +**Season 2 NFTs about to drop!** + +**Over $86,000 in rewards sent over the past 4 weeks to NFT holders!!** + +​ + +FloridaMan Token has been growing rapidly, and the community is loving us! Grab yourself a Natty Ice, unzip those jorts, and slick back that sweaty mullet because you’re in for one hell of a ride (mustaches sold separately). + +Featuring a hilarious NFT collection and unique MASSIVE rewards for holding certain cards, the U.S. based Florida Man project is delivered by a team of 100% doxxed developers, and their full-time graphic artist is constantly adding new characters. Full audit (high Score) and KYC Certificate for the whole team. LP is locked for a year! + +​ + +This project is run from a registered U.S. corporation (**WenMoon, LLC**) and is 1000% SAFU. The team has proven themselves over the past 2 months, and have delivered on every single promise and more. + +2 full-time developers, 1 full-time front-end developer, 2 full time artists, and marketing gurus with lots of prior projects under their belts. + +MAJOR influencers are lined up and ready to go once our v2 ecosystem and new site are live within DAYS - and they’re spending over $30,000 on marketing this round!!! + +​ + +🌴 HUGE new marketing moves incoming!! + +🌴 Super Stoked and Trashy Telegram Group. + +🌴 Healthy Chart with Ample LP and Solid Floors. + +🌴 China & Arab Groups Growing. + +🌴 Wide Neck, Daddy Long Neck & Others on-board. + +🌴 MASSIVE Facebook & Insta ad campaigns ready. + +🌴 (2) Full-time artists working round-the-clock. + +🌴 Twitter and Instagram trending DAILY + +🌴 CoinGecko/CoinMarketCap Most Visited lined up. + +🌴 Regular Video AMAs + +# Some NFT Highlights: + +🐊 Boxed sets of character cards, each of these dirtbags having different levels/rarities. + +🐊 Collecting an entire set unlocks crazy WEEKLY rewards for LIFE! + +🐊 Holding any NFT Card above a “Level 2” gives supercharged reflections! (5s paying the most) + +🐊 Aside from the sets, we also MintDrop super rare cards, which you can buy/sell/trade on marketplaces that we partner with. + +🐊 NFT holders will be entered into our permanent weekly giveaway contests, where they will be broadcast on our livestream channel. Prizes range from BNB , $FMAN , and real-life tangible goods. + +🐊 NFT farming will commence in phase III, and will start developing our online game which will reward holders in $FMAN! It’s underway now. + +​ + +*To learn more about FloridaMan, visit the website, read the whitepaper, and join the Telegram group! You’re guaranteed to feel those Creepy Uncle Duane vibes (in a good way)!* + +​ + +Website:[ https://floridamantoken.com/](https://floridamantoken.com/) + +Telegram:[ https://t.me/FMANTOKEN](https://t.me/FMANTOKEN) + +​ + +# TL;DR + +🚀10% Buy Tax/12% Sell Tax + +🚀KYC Certificate for Whole Team + +🚀Full Comprehensive Audit Complete + +🚀100% Doxxed team, U.S. based project + +🚀An ACTUAL U.S S-Corp (WenMoon, LLC) + +🚀WEEKLY Livestreamed Giveaways for holders + +🚀Game development + +🚀All-star team with tons of experience + + +Every 180 days I make another post to [thread it back to the original](https://www.reddit.com/r/Daytrading/comments/fw82ow/after_2_years_of_daytrading_7_months_full_time/) before it's archived. I do this to prevent a bunch of small posts every few days about trivial subjects. + +[Part 1](https://www.reddit.com/r/Daytrading/comments/fw82ow/after_2_years_of_daytrading_7_months_full_time/) (Same link as 'thread it back to the original.) + +[Part 2](https://www.reddit.com/r/Daytrading/comments/j3zlqi/my_1_year_anniversary_of_full_time_day_trading_3/) + +[Part 3](https://www.reddit.com/r/Daytrading/comments/mh0nfp/part_3_my_full_time_trading_career_1_year_since_i/) + +**This is Part 4,** and I'll go over life outside of trading. The previous 3 talked mostly about trading and the outline of my style is written in them. If you're just scrolling and want to know what it managing money when you're income is completely trading. Then so be it. Mind you this is my experience as a single, male, mid-20's, no debt (anymore), minimalist, full-time trader living in Texas. + +**TL;DR** \- Full time trading has its pros and cons. The pros are obvious. The cons are what people don't talk about. The true cost of doing this as your source of income has the propensity to invite an extraordinary amount of stress. Trading is easy (very easy), it's the lifestyle that's not for the faint of heart because bills add up... And trading isn't gambling because statistics and risk management. + +Here's what I'll go over in this post: + +1. **The real cost of being full time** \- *The main one I want to tackle because like I've said in the past, "Risk management as a trader is 24/7." I touched up on this in Part 1 but I really want to break every single expense down and compare it to profits. Think about cost of living and what you're really giving up for this career such as health benefits, matching 401k, easy work, a consistent paycheck, and \*job security\*. This one will also answer the, "****How much do I need to do this business full time?****" Question.* ***It depends on your expenses.*** +2. **Psychology** \- *Briefly. It's a simple subject/debate. Quick paragraph because that's really all there is to "Psychology of trading"* + +I thought about writing this in a, **"Letter to myself 2 years ago"** to potentially allow readers to read it vicariously like a letter to yourself written from yourself 2 years in the future but perhaps another time as a random post down the line. + +There was consideration doing an **AMA** but [read The Wiki](https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading) if you want my patterns. *(I'm a mod here, I wouldn't mod a subreddit that suggests bad material. Everything to start you out is there. It's fantastic info)*. There's also a few videos on my Twitter from last year. + +**Before I begin:** Trading unfortunately has the propensity to attract gamblers. The entry barrier is so low you could start trading against the pros off a few apps on your phone. Allow that to digest before putting any risk out there. Yes, most lose. But redo that statistic with ONLY people that have a proven business plan backed by statistics then redact those who didn't follow the plan. If you have that with clear cut granular rules.. Fear is the only thing that will stop you from making this a healthy and respectable source of income. I would bet that the success rate would go north of 80%. + +***So we begin:*** + +1) The Real Cost of Trading Full Time: + +**A)** I assume you know exactly what your expenses are *but for the sake of granularity.. let's tackle the meat of everyday people:* + +* **Mortgage (PITI) / Rent** +* **Taxes on your house Home/Renters Insurance** +* **Health Insurance -** +* **Car Note (P&I only)** +* **Car Insurance** +* **Car Preventative Maintenance (Oil, Transmission Fluid, Servicing, Registration/Inspection)** +* **Gas** +* **Utilities** +* **Wifi** +* **CellPhone Bill** +* **Groceries** +* **And don't dare forget about your retirement or kid's 529 savings plan. Just because you trade stocks doesn't mean you don't need to invest. I do it. And yes it feels weird shorting NVDA for a day trade when that's my heaviest allocation since 2018.** +* (We'll get to the biggest bamboozlement of them all in a while...Income taxes) + +Now add some ancillary things in there like: Gym membership, haircut, night out with S/O, gifts for family and friends birthdays, Christmas/Hanukah gifts, and other services but we'll just calculate the necessities then play around with the numbers a bit: + +For visuals: [https://imgur.com/a/2LMW8QI](https://imgur.com/a/2LMW8QI) + +&#x200B; + +These are absolute necessities not including ancillary expenses for homeowners. Of course if you're renting by yourself, with friends, or living at home, adjust for yourself. This isn't including the income taxes you'll pay at the end of the year. + +**So the grand total monthly expenses based on averages I found on Google based off of NerdWallet... $5,253. (Google it if you want. The article is from April 29th, 2021). Some consider savings and retirement to not be expenses but I'm not writing this to grasp at straws over trivial debates. This argument is, "There's money that cannot be spent.. it's an expense to yourself".** + +I'll take that number from above and round it to $5,000. That's way above mine given have the Texas Blue Title to my truck *(Chevy Runs Deep)*, rent my home, don't have health insurance.. [Got some controversial replies on that one](https://www.reddit.com/r/Daytrading/comments/ou2iws/full_time_traders_what_do_you_do_for_insurance/h70o062?utm_source=share&utm_medium=web2x&context=3) but hey, that's my risk. God Blessed me and I don't take it for granted. + +So I'll tell you my monthly expenses although I feel its a little intrusive but I'm sure nobody I personally know reads my posts anyways. Just under $4,000/mo are my expenses for my necessities. Mind you... Single, Texas, Male, Minimalist, I loathe spending money, and I can have fun seeing if I can do more pushups than I did yesterday and throwing the baseball with my neighbor at the fields. + +Let's compare on a monthly basis. (When I say life of a trader isn't luxurious rather it is, "Comfortable", I mean it whole-heartedly.) + +**AVG Monthly Expenses (USA)** + +[https://imgur.com/a/sPnQMcX](https://imgur.com/a/sPnQMcX) + +**AVG Monthly Expenses (Me)** + +[https://imgur.com/a/1FeQhUi](https://imgur.com/a/1FeQhUi) + +Average American Monthly Expenses. Of course this all varies from state to state. This could potentially be biased since I'm from Texas but it seemed decent to me. \*\*\*\*GRAND TOTAL:\*\*\*\* $5,085. + +Now we're starting to see the cutbacks I made to make a living from trading myself... No health insurance, I don't drive anything crazy, no matching in my retirement plan from my 9-5, I barely drive anywhere, cheap liability (don't give me a ticket) car insurance. \*\*\*\*GRAND TOTAL:\*\*\*\* $3,550 of necessities. + +Here's the psychology of all those numbers from above... + +I assume you know [what an R is](https://www.thebalance.com/risk-to-reward-ratio-1031350)... + +So let's take the $5,000 number from earlier. Your monthly expenses that is. And we're talking theoretical backtesting. \*\*\*\*\*\*\*NOT INCLUDING SLIPPAGE OR COMMISSIONS.\*\*\*\*\*\*\* + +1. **At $500 risk.** You would need to make 10R per month **(EASY)** *(0.38R/day Avg. OR 1.9R/week)* +2. **At $400 risk.** You would need to make 12.5R per month **(EASY)** *(0.59R/day Avg. OR 2.97R/week)* +3. **At $250 risk.** You would need to make 20R per month **(Doable. Not guaranteed)** *(0.95R/day Avg. OR 4.76R/week)* +4. **At $100 risk.** You would need to make 50R per month **(Not happening)** This is the risk amount I did when I resigned from my 9-5. Mind you I did personal training on the side. + +**I can make 10R in a month easily. It's happened in a day before**. [But can you also handle potentially losing $500? Or being up 1.8R then having the trade come back and stopping you out?](https://twitter.com/CJT2013/status/1366742864055664641) I can with $500 risk. Could I do that in 2019? **Absolutely not**. I'd have a blood pressure so high due to materializing my trades with what COULD happen and what bills that COULD have been paid as soon as the trade filled. Now in 2021? I do it almost everyday when my edge is shown but that's with years of statistics backing me. Have a look at my spreadsheet stats. I've had the same EV, Sharpe Ratio, Win Rate, key metrics, etc. for years. + +<spreadsheet stats>: [https://imgur.com/a/6AFzQVV](https://imgur.com/a/6AFzQVV) + +This is what helps my "Psychology" and "Headspace" going into trades. This isn't something that can just be handed to you. It's years (months for some) of filling everything out then slicing and dicing data to make it work. "It" being your style of trading. It may not be the most profitable but it's something that you can manage mentally. It's years of, "Why did I take that trade? What was I thinking? I don't want to even fill it out. I won't do it again." Fill out every trade and things will distill down into a strategy that's YOURS. + +I've built these over the years and they tell me the biggest run ups and drawdowns in a theoretical trading account. I know there will be months I make 5R after slippage and some months I make 35R... There will be days I'm up $2,750 in 5 minutes and other days I'm down $1,750 in less than 10 minutes... **There are ALSO DAYS that turn into WEEKS that I don't even touch an order ticket to put on a trade because you don't make money putting on trades. You make money in this business by putting large sums of calculated risk on high EV trades.** + +**Equity Curve Simulator I built:** + +[https://imgur.com/a/BBAyvuG](https://imgur.com/a/BBAyvuG) + +&#x200B; + +Visualize your data. It helps make things seem more real resulting in you honoring your business plan. If you're a man of your word, prove it by following your rules from your mouth. + +I've gone over how to handle losses before. It's simple, it's an expense just like Mark Douglas says. + +**Let's drop the pessimistic scarcity mindset and forget how you handle losses. How do you handle profits?** + +Are you responsible with them? There's this thing called, **"Reversion to the mean".** And we can utter the words, "Oh yeah I know there will be losses and good weeks" But do you sulk over 2 measly trades that ALMOST hit target but stopped you out? Do these 2 or 5 or 10 trades change how you trade forever? It shouldn't but I see it on here all the time people pouting over such a small sample size of trades looking for advice. You do realize there will be times you get smacked around then the market goes quiet for a few weeks leaving you making zero deals for a while from time to time. Do you really care about those 2R or 5R or is it the money that was attached to it? That's the loss side of things. The profiting side of things is different. People start to get cocky. I make more R than my theoretical testing occasionally because of missing trades (rarely). Does that mean I'm better than my backtesting? (You'll never beat your backtesting. It's impossible UNLESS you just so happen "miss" every losing trade your backtesting would have picked up). + +With your extra profits/good weeks do you increase risk and or buy things you don't need? *"I made $2,750 this week. I'll cover your golf game/buy your lunch" <--Don't be this guy. (Not speaking from experience either srs)* + +•There will be weeks you make 13R + +•There will be weeks you lose 5R + +•There will be weeks you reach your limit down R + +•There will be times after you hit your limit down that there are no deals/trades to be made for WEEKS. Plural. Not just 1 week. Sometimes 2 and rarely 3 weeks. Almost an entire month of no trades. + +•There will be times where it seems like the market is handing you free money left and right to where you start to feel bad for people on the other side of your trades. + +Trading isn't a rose garden of free money, it will feel like that from time to time. It will also feel like an absolute money pit. But Central Limit Theorem / The Law of Large Numbers does its magic: + +Actual vs Theory Performance & Growth- + +[https://imgur.com/a/Px4PGaT](https://imgur.com/a/Px4PGaT) + +People have the propensity to look at their performance through a microscope rather than taking a step back to look at the big picture. That's why it amazes me how people use such a small sample size of data (20 - 100 trades) then put large sums of risk on it. Only to pout about later INEVITABLE results. They complain over 2 trades. You will have tough weeks. Businesses do go through hard times and times of euphoria. Think of how people who rent beach houses in the winter vs summer. + +The above picture is looking at the big picture. So let's zoom in to the first 5 months: + +[https://imgur.com/a/EHILbyq](https://imgur.com/a/EHILbyq) + +&#x200B; + +How are you reacting when, "The market is beating my performance. I'd have done better if I just put my money in the market or sold CC's. I'm only up $19,000 in 5 months when I should be up more than $30,000. I broke rules. I took more risk than I should have. I'll stop while I'm ahead". How do you react in the other 23 hours in the day after trades result in losses day after day? + +This is the magic/beauty of Central Limit Theorem / The Law of Large Numbers: + +[https://imgur.com/a/HYO51fu](https://imgur.com/a/HYO51fu) + +[https://imgur.com/a/GD1j79L](https://imgur.com/a/GD1j79L) + +I always say only 2 things can happen in a trade (hence its so EASY). Profit or loss. Heads or tails. This image is of 10 trials with 2 results. Think of the 10 trials like the 10 different times you start trading you strategy live. You might start with a hot streak or a streak of donations to Wall Street. Think of the 2 results as profit or loss. IN THE END. It all averages out, don't be pathetic and pout over 2 or 10 trades resulting in a less than desirable sum + +**So how do YOU decide how much you want to risk? Is it...** + +1. How much you want to make in a month divided by an R per month goal? NO.. The market doesn't know you. You can't force R's to happen. They come to you. There are entire 5 trading day weeks that I don't touch an order ticket. It's not everyday you make a deal. +2. How much you think you can mentally handle? Not the best idea but it's a better idea. +3. A cocktail of metrics such as how much buying power you have, Risk of Ruin, EV, and Sharpe Ratio. *(Notice how I don't care for Win-Rate? Win-Rate only tells/asks you 1 thing, "Can you handle being right or wrong this percentage of the time?")* + +If I had to make a rule of thumb for somebody who wants to decide if they are ready to trade full time. It would have to be reverse engineered: + +**You need to find what your EV is and I'll show an example from a micro sample size of 10** + +You really do require a large sum of data. I mean it when I say, "1,000 trades minimum or a full year of backtesting" (Full year because the market does shift but in the end does not effect a day trader's performance... in MY experience in the long run). Those who get a random 20 or 50 or even 100 and think they're ready to go up against professionals who have electricity bills higher than your yearly income because their computers are running algos and statistics 24/7...you'll learn fast. + +[https://imgur.com/a/ivfOxTo](https://imgur.com/a/ivfOxTo): + +6 trades that resulted in +2R. 4 trades that resulted in -1R. Average of all = 0.8.. "Expected" is just how statisticians say, "Average". What this is saying is you can EXPECT 80¢ for every dollar you risk on the amount of trades you're testing. This is why when I lose a trade OR profit on a trade. I don't think, "Wow I made $958 after slippage." or "Wow I lost $582 after slippage". When I see my edge, I think to myself, "Ok there's <EV> right there. I see income on every trade if it gets filled. Losing trades don't bother me. I have contingency plans... And don't ever say, "I won that trade". Businesses that sell <something> don't say, "Oh cool we won". You don't "Win" when you're assuming a risk. Trading isn't a game that you play. + +**2) Find how many trades on average you have. Let's say weeks 1-4. You have 20 trades on the first week, 1 on the second week, 0 on the third week, and 7 on the last week. (I'm using a micro-size sample here again. You really need A LOT more)** + +[https://imgur.com/a/PWYSqsH](https://imgur.com/a/PWYSqsH) + +I can EXPECT 7 trades per week (ETW). IF I can expect 7 trades per week and each trade will result in 80¢ for every dollar I risk... Is this enough to cover my expenses AND TAXES SO THE GOVERNMENT CAN WASTE IT ON CRAP THAT DOESN'T HELP THE PEOPLE WHO PAY THEM.. and a little more so I can have a life outside of home. 7 trades per week \* $100 risk \* 0.8 per trade = Gross Income of $560 + +Maybe $560 (before taxes) is enough for you to survive. I don't know you or your personal finances, that's your business. For most.. it's not. So let's increase it to $250. For the sake of simplicity we know 250 ÷ 100 = 2.5. So $560 \* 2.5 = $1,400 EXPECTED (not guaranteed) per week.. GROSS income. You'll have to determine how much you need to set aside for taxes when you have that year of data that tells you what you can EXPECT to make that year. This seems more like it... I like this. + +**3) Does your account size and margin parameters allow for this?:** + +&#x200B; + +Let's say you have $37,500 in your account that has 4:1 leverage which allows for $150,000 in DayTrading Buying Power...and you're risking $250 a trade... Risk ÷ StopSize = Shares/Contracts to buy --> Shares to buy \* Price = Capital + +**Now let's visualize the data:** + +[https://imgur.com/a/FFEsLK3](https://imgur.com/a/FFEsLK3) + +The 2nd position wouldn't have been able to be made. If you're running into buying power issues in your backtesting, either reduce your risk or find what's causing this. Perhaps it's the type of style you're trading or a certain pattern that has an inclination to exhaust buying power due to tight StopSizes (Tight StopSizes incur lots of slippage). + +Now most would say, "Oh well I'll run into that if that ever happens. It's only 1 trade". That's 100% wrong. Your goal is to be 100% efficient and copy your backtesting to a T. Trust me, it will happen, you will miss trades due to complacency when you haven't made a trade in over a week and you're a little rusty. So again in conclusion to the buying power metric, adjust accordingly. + +4) Risk of Ruin. Is it under 1%? + +This is all discretionary. Me personally I want my RoR to be south of 0.25% but I've read many places that 1% is good. Probably just people repeating what everyone else says but that's just my opinion. How do you calculate it? There's a bunch of ways. [There](https://www.myfxbook.com/forex-calculators/risk-of-ruin-calculator) are a bunch of [different websites](https://2ndskiesforex.com/risk-of-ruin-calculator/) that do a pretty good job that tell it all for you. But if you want it for your spreadsheets so you can visualize it and see how it matures over time: + +[RoR formula.](https://imgur.com/a/95P9gy7) + +So there it is! In conclusion. You take how much you need. Find your EV, see how many trades on average you get per day, week, month, quarter, etc., then see what's stopping you then assume that calculated risk by seeing what the odds of you failing are. That's the meat of it at least. There are a bunch others such as: + +•**Can you take that many trades and not miss any?** (It isn't smart to be firing off 30 trades a day. I know there are those who do it but like I've written before.. decision fatigue gets real. There's also a bunch of different ways to trade so I digress. Billions of dollars are exchanged between hands on NVDA on a daily basis. I might see 1 small edge on a 1' chart on 1 day out of the last 21 trading day month. Everyone sees fit trades all over the charts) + +•**Do you have an SOP for how you'll identify and enter your trades based on statistics?** For example I only allow for 10% of my R to be slipped on the entry because on average I get slipped on my stop outs 0.07R. So a losing trade could lose me 1.17R meanwhile the profiting trades achieve 1.9-1.99R depending on how bad I was filled according to my order tickets parameters. + +Take what info you got from your research and just pull the trigger. The market is liquid. A $50,000 position shouldn't faze you if you sized your position accordingly and set your StopLoss. Trading is a business. Take the leap if you're considering it. Just remember all the things you forfeit being independent from the normal job life. The market isn't going anywhere so you do have time and the time will never feel right. + +2) Psychology - ( 2 paragraphs is really all it is) + +Although I can summarize that subject in 4-5 sentences: "Read a few trading books. Put the ideas on a spreadsheet and see the results. Now trust it, write a business plan, follow it, and trade it live if you like the backtest results." How much psychology does one need when: + +1. Price is Up or Down +2. P/L is Green or Red +3. Result is Profit or Loss +4. A ticker is Showing Edge or No Edge +5. It's Heads or Tails. + +**But here's the answer to your psychology of trading questions... You are crippling yourself when you trade money you CANNOT AFFORD to lose.** You're uncomfortable risking money you can't afford to lose and now want some tumblr quote to help you sleep better at night. We all become Steve Cohen/Paul Tudor Jones when it says, "Simulated Paper Trading" or when the screen has an orange trim around the perimeter. Trade live when you're risking money you couldn't care less about... Because that's how it should be.... *But make sure you can respect it at the same time <- That's an important one (srs). Anybody can hit dingers in a batting cage, shoot 3's at an LA Fitness, or hit their 5iron 200+ yards at a driving range.. but when it becomes real, people fold.* Done with that subject but I'm sure in 48 hours there will be a psychology post. If you want to improve this subreddit, just reply to those questions, "Trade with money you can afford to lose and not lose sleep over". + +**All done. So I'll leave it with this:** + +Think of my timeline from my first day as a full time trader. September 2019. + +•That drawdown I had just 1 month in. No more cushion 9-5 income, no benefits, and the drawdowns happen. Just have a safety net and a StopLoss to start looking for a job if your account/savings go below a predetermined number. + +•When you've got politicians proposing a 0.2% Financial Transaction Tax on all stock trades. Doesn't sound like much to the average Joe but it would have destroyed any trading business. [Take this trade](https://twitter.com/CJT2013/status/1339254005223071746) for example if that FTT was put into effect: + +**DISH** \- $33.30/share by 800 shares = $26,500 trade IN and \~$26,500 OUT | $53,000 moved. + +**TDOC** \- $186.00/share by 158 shares = $30,000 trade IN and \~$30,000 OUT | $60,000 moved. + +**SQ** \- $223.25/share by 220 shares = $49,000 trade IN and \~$49,000 OUT | $98,000 moved. + +That was a net slippage day meaning I hit break even losing 2R on 2 trades and gained 2R on 1 trade.. 0R but slippage caused me to lose roughly $100.. Now add that FTT... $211,000 \* 0.002 = $422 with a 0.2% FTT. Politicians would have ended this business for me and I love what trading life has afforded me.. time. + +•When March 2020 happened and the world shut down (Which put me in a position to start this thread). I couldn't train in a gym anymore for extra cash. There goes a source of income for me. I learned fast needless to say. You never know what's going to happen tomorrow. Me personally I leave it to God because it's in His hands. That's what helps take off the edge for me so whatever works for you, let it do its thing. There's lots of uncertainty in this business (as with any business) so either take the leap or not, just do it right. Following a written plan and honoring it day after day feels like a marathon but you learn to trust it. + +Until March 2022! *(I've got some more time in this business for me.)* + +\-CJT2013 +I have been trying to acquire an axis bank Vistara infinite gold card for a long time, as a significant amount of my future purchases will be on a website where amex is not supported and I will be travelling Singapore airlines soon. +I have an excellent CIBIL score, never missed a payment on any of my 7 credit cards, and I am applying for a new card after more than a year. +All of my cards have a limit of 5 lakhs + +The website states that the minimum ITR should be of 6 lakhs, mine is more than 4 times that. +I tried reaching out to them and asking the reason as to why it is declined, they keep saying the same thing. "due to internal norms, please apply again" + + +I also have a savings account with them, which is now two years old. + +I currently have the amex platinum, diners black, amex platinum reserve, amazon pay. etc. +Hey there, +Thank you for [submitting over 60 questions](https://www.reddit.com/r/ethtrader/comments/ccq03p/post_and_upvote_questions_for_paul_brody_head_of/) for u/pbrody. We talked for about an hour and managed to get through almost all of them. + +If you're new to this, please check out earlier conversations with [jtnichol](https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/), [Ameen Soleimani](https://www.reddit.com/r/ethtrader/comments/b3gu0f/an_1h53min_talk_with_ameen_soleimani_on/), [Vitalik Buterin](https://www.reddit.com/r/ethtrader/comments/b660l4/vitalik_answers_to_rethtraders_questions/), [Chaz Schmidt](https://www.reddit.com/r/ethtrader/comments/bep2n5/chaz_schmidt_uchazschmidt_answers_rethtraders/) and [Camilla Russo](https://www.reddit.com/r/ethtrader/comments/bzttb9/camila_russo_on_the_history_of_ethereum_financial/). + +The talks are hosted on: +**The Website** - https://www.ethcs.org/paul-brody-on-ey-ethereum-and-enterprise/ +**The Podcast** - RSS https://ethcs.org/feed/podcast/ +**YouTube** - https://www.youtube.com/watch?v=R15fh8PfiVk +**Direct as an MP3** - http://ethcs.org/files/paulbrody.mp3 + +I grouped the questions in an *introduction*, *EY*, *Ethereum's future* and *closing questions*. In the beginning of the interview, Paul mentioned that he and/or team members will answer questions that we didn't get to. I'll post these in the comments. Please note that even if your question didn't *seem* to have made the cut, it was probably answered. I tried to ask everybody's questions but for the sake of not getting too repetitive, some of them are answered in the conversation even though they weren't explicitly asked by me. Also, [check out their miner](https://imgur.com/a/xzVJg0u), because it's easier to mine your own ETH for testing purposes. + +This is a fast-paced conversation packed with insights, so let's get started! + +### "*I think in many ways we had better questions and more insightful comments from the [Ethereum] community on Reddit than we sometimes get from professional journalists. The community has some technical knowledge that most professional journalists don't have, and honestly, they seemed to have put the dots together about our vision - the comments I've read online have often been much more thoughtful and much closer to [the vision that we have] than sometimes the analyses we read in the press.*" - Paul Brody + +***Some questions on Paul..*** + +* u/reterical asks two introductionairy questions. ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=378)) + 1. “What first resonated with you about Ethereum and / or Blockchain?” + 2. “Have you personally interacted with Ethereum projects?” + +***Some questions on EY building on Ethereum..*** + + +* u/reterical asks “*Why did you and EY land on Ethereum as the project to build on?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=517)) +* u/ethical-trade asks “*How did you manage to convince your management to release Nightfall in the public domain?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=989)) + +* u/litpath asks “*In convincing your clients to use a public blockchain, what has been the most common and effective 'aha' moment that your team has given them?*” Also, and I’m paraphrasing, “*if blockchain is to revolutionize accounting (among other sectors), does EY see their dedicated jump into blockchain as a way to potentially leapfrog the rest of the Big 4, in terms of revenue at least?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=736)) + +* u/KingLeo23 and u/SteveAM1 ask about the EY Dye Pack. From your LinkedIn: “EY Dye Pack uses ZKP software to identify stolen tokens, prevent their usage, and issue replacement tokens to the victims of thefts, analogous to those exploding dye packs we all see in movies about bank robberies.” *How does this work? Any technical paper to be pointed to?* ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1155)) + +* u/runnlngoutofspaces says “The Github page reads ‘Note that this code has not yet completed a security review and therefore we strongly recommend that you do not use it in production or to transfer items of material value. We take no responsibility for any loss you may incur through the use of this code.”” *When could we expect that Nightfall has undergone a 3rd party security audit and is safe to use in a production environment?* ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1217)) (I'm sorry to have butchered your question!) + +* u/DboVilakati asks “*Given EY's interest in developing on the public Ethereum network, how does EY hedge against stalled development (like scaling), regulatory risk, and 'competing' networks? I'm curious how a large organization such as EY plans for developing business lines in the future on the back of as of yet un-actualized technology.*” u/sleepyninja asks a similar question. ([timestamp](https://youtu.be/R15fh8PfiVk?t=1305)) + +* /u/fatfire_throaway97 asks “*How many partnerships/clients does E&Y have that develop on the Ethereum blockchain ? How much growth does this number have?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1515)) + +* u/ethical-trade asks “*What proportion of EY's clients is willing to start using blockchain because it's actually useful to them, as opposed to using for marketing or for purposes for which a standard database would have done the job?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1713)) + +* u/mountainminer asks “What are some real world examples of intercompany contracts, accounts payable, inventory and other supply chain problems that ethereum could pay a critical role in solving?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=2013)) + +* u/EthFan asks “*What type of products and services will E&Y be rolling out using Nightfall in Q1 2020?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2126)) + +* u/sebit asks two questions. “*Which industry can profit the most by integrating parts of their business model on the ethereum blockchain in terms of increasing their efficiency or enabling new ways to deliver value? And to follow up, where do you think we should make a cut on what should be put on a blockchain and what shouldn’t?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2195)) + +* u/rxg says “*You've said before that you believe that fiat currency tokens will be the way that enterprises will want to do transactions.*” He asks “*Could you expand on that? By fiat currency tokens do you mean strictly crypto tokens pegged to the dollar and backed by the dollar by a custodian like USDT? Do you think trustless stablecoins pegged to the dollar which are backed by crypto, like DAI, will be viewed by enterprises as something different or unacceptable in some way?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=2468)) + +* u/labrav asks "*What do you think would it take for a onchain-based stablecoin like dai to be integrated in enterprise-level blockchain-transactions as a means of payment? Do you think that will ever happen?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2689)) + +* u/MammothGroomer86 asks “*Nightfall supports ERC-721 non-fungible tokens, will the Nightfall software adopt interoperability features, as well? What are your thoughts on it in terms of cross-industry adoption of blockchain?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2705)) (Paul mentioned the 0xcert fork and [this article](https://0xcert.org/news/0xcert-fork-of-ey-nightfall-with-added-features/).) + +* u/ro-_-b asks “*What kind of job profiles does he expect to emerge at EY based on EY's engagement in the field? What roles will EY hire for to support the implementation for their clients?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=2844)) + + +***Some questions on Ethereum as a network..*** + + +* u/ethical-trade ask “*Will the work done on Nightfall become unusable on the new blockchain (Eth 2.0)? If only partially, to what extent?*” u/ChazSchmidt asked “How does EY plan to handle the transition of its clients from ETH 1.0 to 2.0?” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2904)) + +* u/lawfultots asks “*What's your take or your team's take on Ethereum 2.0 development and deployment? Is it essential for your work long term or could you live on a fork of Ethereum 1.0?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2943)) + +* u/dbovilakati asks “*Is EY contributing to public Ethereum network protocol development and scaling solutions? If so, how? Does EY do so for any other public blockchain networks?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3127)) + +* u/pocketwailord asks “*Where do you see EY's role with Ethereum once things like DeFi, sharding, and other emerging technologies take off? Will they work mostly with business level improvements, or protocol improvements as a whole?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3212)) + +***Some general questions..*** + +* u/whuttheeperson asks three questions. ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3288)) + 1. “*How aware are you and the EY team of communities like r/ethtrader and the overlap of interests between the community and EY? What do you think about it?*” + 2. “*How cautious are you and the team regarding behaviour that could be construed as ‘pumping’ or ‘shilling’ if you mention Ethereum?*” (We had to skip this one so I'll repost in the comments.) + 3. “*Is there an internal EY policy on owning Ethereum or other cryptos due to COI concerns? Do you get the sense a lot of the team owns some crypto? Do you?*” + +* u/bitchstolemykodo says “*My question has to do with zero-knowledge proofs. I think maybe you were kidding in one of the videos where you made a comment referencing how difficult it is to understand exactly what is going on behind-the-scenes with these proofs, but I can tell you, I'm going over the material that is out there and I'm really struggling to understand it all.*” He asks “*How important do you feel it is that users of a technology like this are able to understand how it works? One of the descriptions I hear given for why we like blockchain is because it's trustless. Is it important that the cryptography behind blockchain be trustless too? Can it be trustless if so few people understand how it works?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3509)) + + +***Some closing questions..*** + +* u/reterical asks “*If you could be any Blockchain, which one would you be? Why?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3661)) + +* I asked "*Did I forget anything? Is there something you wished I would’ve asked you about?*" ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3673)) + +* I asked "*Where can people find you and learn more about you?*" ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3714)) +Well fuck me, the day I delete a Warren Buffet quote.. + +https://preview.redd.it/u5k5syrrmhf61.png?width=782&format=png&auto=webp&s=b282dda497c1d35433dbe5a98dc8ec9ee037b3f8 + +When Warren Buffett says "be patient" he means you buy a majority stake in Coca Cola and then wait 50yrs while engaging in a nice dividend reinvestment plan. He was not talking about a stock like GME! + +I hate to do this, but sometimes you need grab the wheel because the person trying to drive is fucking up. + +This whole diamond hand be strong stuff is great if you are playing with money you do not need, but I guarantee you that there are hundreds or thousands of people who are brand new to the markets and looking to reddit for some advice. + +Telling them to hold their $300 GME as it plummets is WRONG! + +Plan your entry, plan your exit(s). Set a stop loss, protect your capital, do not fall in love with a stock, it will never love you back! + +If you do not like this advice, unsub and go to an echo chamber that tells you what you want to hear. +*If you haven't read* [*Part 1*](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/) *yet, please do so. Part 3 can be found HERE (https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/) Part 4 HERE (https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/) and Part 5 HERE (https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/). You can read my DD about Auto Loan Asset Backed Securities (ALABS) here (https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/). + +Welcome back everyone. This has been a wild couple of hours. First of all, I wanted to make a correction to my original DD that has been addressed in comments since then. + +There is still some confusion about whether federal student loans can be packaged into SLABs. I've seen conflicting sources on this issue. In my original post, I was under the impression that modern day federal loans can be packaged into SLABs, which I now believe is incorrect. As far as I understand, **only FFELP federal loans (pre-2010) and private loans can be packaged into SLABs**. FFELP loans are essentially a hybrid type of loan: they are issued by private companies, but are backed from guarantees by the federal government. *The government technically owns these, and so they are able to be postponed*. However, the FFELP program ended in 2010 under Obama. Modern day loans sit on Department of Education books and can't be packaged into these securities. However, that doesn't mean FFELP loans are gone completely - 11 million people still have outstanding FFELP loans worth about $245 billion, and this combined with the private sector (which makes up about 10% of all student loans) still means there are a SIGNIFICANT number of SLABs out there. More than enough to have a major impact on the economy. Additionally, if you were to refinance your modern DoE loan to get a better interest rate, that loan would *turn private*. So really, SLABs aren't going anywhere. Not to mention that like we saw in 2008 with mortgage backed securities, I theorize that the market for BETTING on these SLABs is many times larger than the SLABs market itself. Therefore, the main thesis in my original post remains unchanged. + +Another small hole in the original theory is that *only government loans* can be considered for postponement and/or forgiveness. This basically takes private student loan SLABs out of the picture for decreasing in value *due to postponement* like I originally theorized. However, these SLABs are still worth discussing as there are *many other ways* they can decrease in value, which I will get into here. However, the hundreds of billions of dollars worth of FFELP loans still out there (and the theoretical but likely much larger market that bets on these loans) are still subject to this added pressure, so the original thesis still holds its strength. Now, let's continue. + +Now, for Part 2. + +It's time to talk about ratings agencies and how these SLABs may theoretically be downgraded. There are several major private companies who's entire gig is executing SLABs on behalf of the DoE. According to [this source](https://www.opendemocracy.net/en/oureconomy/wall-street-has-been-gambling-student-loan-debt-decades/), *"Corporations such as* [*Navient*](https://www.navient.com/about/investors/debtasset/)*,* [*Nelnet*](http://abs.nelnetinvestors.com/debt-securities/nelnet-student-loan-trust/default.aspx)*, and* [*PHEAA*](https://www.pheaa.org/about/investor-information/frn-trusts.shtml) *service outstanding student debt on behalf of the Department of Education. These companies also issue* [*Student Loan Asset-Backed Securities (SLABS*](https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp)*)* *in collaboration with major financial institutions like Wells Fargo, JP Morgan, and Goldman Sachs. For these firms and their creditors, debt isn’t just an asset, it’s their bottom line."* Woah. Those are some familiar names in there. + +In Part 1, I discussed how a downgrade would really mess up these companies' bottom line: some companies are required to only hold AAA-rated securities, so a downgrade would mean massive selloffs. Well, I already showed how these SLABs are drastically overvalued and are about to come back down to earth. But somehow they're still being rated AAA. Sound familiar again? It's like we're at the point in the Big Short where we know all this dogshit wrapped in catshit is worthless, but the underlying securities' value is still maintained. Why? + +Enter, *The Big 3*: Moody's, Standard & Poors, and Fitch Ratings. These companies are designated by the government as *nationally recognized statistical rating organizations* responsible for rating SLABs. Basically, they're **supposed** to be unbiased and rate these SLABs properly to mitigate risk. Well that's all fine and dandy. But remember: bond issuers also pay to have their bonds rated. That means these guys are ALSO paid by Navient and Nelnet, (those private companies that create SLABs from private student loans and ALSO help execute FFELP loans) to rate SLABs. Sounds like 2008 all over again. Basically, the ratings agencies are being paid by SLABs creators to rate the quality of their SLABs. Huh. No conflict of interest here, right? And like I mentioned before in Part 1, most companies can only hold AAA-rated securities or they would have to offload these SLABs. See where I'm going here? If Navient and Nelnet want to sell their SLABs and make money, these SLABs need to be AAA-rated. Moody's, S&P, and Fitch make money from these companies so they want them to succeed and buy more ratings, and the cycle continues. + +Another reason why I believe SLABs are losing value: those big names I mentioned before are starting to RUN. This one is thanks to u/P_willicur. Thanks for the DM man. It turns out that [Wells Fargo recently completely exited from the SLAB market](https://www.americanbanker.com/news/what-wells-fargos-exit-from-student-lending-means-for-competitors). Hmmm. To me, one of the first big signs of a crash are inside actors exiting. They know something's up. + +Below are some more reasons why these private SLABs and FFELP SLABs are losing value. + +Now, like I mentioned before, private SLABs are not subject to becoming devalued from postponement. However, these SLABs are still ***drastically*** overvalued. One of the reasons is from that Pay As You Earn plan I mentioned in Part 1, aka Income Based Repayment (IBR). Again, if you haven't seen Part 1, these IBR plans have grown *exponentially* since 2008. A major, major downside of IBR like I mentioned was that loans take much longer to pay back. What does this mean? Well, it means that interest accrues drastically over time. These loans can potentially become **more** expensive in the long run: because IBR payments pay a smaller percentage of the loan, the interest rate begins to snowball. This could lead to an increased level of defaults, which thus devalues these SLABs as collateral. + +Second, I mentioned earlier that private SLABs can still be federally guaranteed via FFELP loans. This ties into what I just mentioned previously. A drastic increase in IBR since '08 has meant increasing risks of default. This increased risk poses a threat to the investors of these SLAB creating companies, which would drastically devalue these companies themselves. This PDF ([https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3631953#:\~:text=Student%20loan%20asset%2Dbacked%20securities,as%20a%20marketable%20financial%20instrument.&text=This%20is%20because%20there%20has,loan%20discharge%20via%20bankruptcy%20proceedings](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3631953#:~:text=Student%20loan%20asset%2Dbacked%20securities,as%20a%20marketable%20financial%20instrument.&text=This%20is%20because%20there%20has,loan%20discharge%20via%20bankruptcy%20proceedings).) goes into much greater detail. I would HIGHLY RECOMMEND you read it in its entirety. It is simply mind blowing. I literally felt like Burry reading it. Anyways, here's a relevant quote: *"However, there is a very real possibility that—even if forgiveness rates remain level—a spike in borrowers entering forbearance or deferment, being forgiven of their loans, or defaulting on them could result in SLABS issuers 'failing to repay investors\[,\] . . . something that has never happened before' but may well be on the horizon."* Woah. A spike in forbearance or deferment? Hello, Covid. Due to the Covid-19 pandemic, there has been a drastic increase of borrowers entering forbearance. This has devalued these SLABs drastically. + +Third, there have been recent challenges to the near-impossible legal process of discharging student loans. *Rosenburg v. New York State Higher Education Corp,* decided recently in January 2020, is one of these recent cases. Essentially, what this case did is redefine an outdated standard of what constitutes valid grounds to discharge a student loan. The case received significant media attention, and made people aware that they could in fact legally challenge their student debt. The PDF reads, *"Indeed, at the time of this Article’s publication, at least two federal circuit courts of appeal have determined, like the U.S. Bankruptcy Court for the Southern District of New York did in reexamining its Brunner holding in Rosenberg,* ***that student loans are indeed dischargeable in bankruptcy proceedings****."* This is pretty huge - this case now allowed for student loans to be discharged during bankruptcy, a standard that was not previously established. Again, this has been compounded by the pandemic. + +Fourth, similarly to 2008, these fuckers have been giving out loans to EVERY. ONE. The PDF reads, *"For example, SLM Private Education Student Loan 2009-CT Trust, a SLABS product created from loans issued by Sallie Mae \[now known as Navient\], consists of more than 40,000 loans made to students attending unaccredited trade school programs, such as truck-driving school, cosmetology school, and even dog-walking school. Our mentioning the educational programs attended by the borrowers whose loans backed the SLM Private Education Loan Trust 2009-CT is not meant to disparage these borrowers. It is, however, meant to highlight the risk of default among borrowers of private student loans."* Well I'll be damned. Sounds awful similar to those guys in 2008 giving out mortgages to literally everybody. These SLABs truly are dogshit wrapped in catshit. + +Fifth, the postponement of these payments by the government and the skyrocketing unemployment rate pose a significant risk. The PDF continues, *"Even with six months of student loan relief provided in the $2 trillion package of the CARES Act, there is every reason to believe that skyrocketing unemployment will lead to dramatically increased student loan default rates when the relief ends on December 31, 2020. A spike in this default rate in a short period of time will undoubtedly strain SLABS issuers’ ability to pay their investors on a scale that has never before been seen."* Holy shit. And now due to the new Rosenburg doctrine, many defaulters will turn to these bankruptcy courts for relief *and will win.* **Loans that are likely to be defaulted on are no longer good collateral**. This decreases the values of SLABs EVEN FURTHER. + +I'll leave you all with a final bullish quote from this source. *" It is likely a question of when, not if, the SLABS market will collapse, and when it does, private student lending will be crippled, carrying serious negative effects for student borrowers and the colleges they attend. If the 2008 recession was any indication, these developments could happen very quickly and ripple into the rest of the United States’ economy, due to the sheer size and scope of student loan debt in relation to overall consumer debt."* Yup, you heard it here first. Prepare for 2008: The Remix. + +&#x200B; + +Again, thank all of you beautiful bastards for reading. I appreciated all your comments on Part 1, and will appreciate them here as well. +Hi! Mid-30s, single, HCOL, $1MM/year income (own software business) with $1.5MM liquid. + +Currently renting and have been in my current place @ $2k/mo for the past 7 years. I’ve been monitoring the real estate market over the last 3 years and finally stumbled upon something that tickles my fancy in a neighborhood I like — a 11k sqft lot on a hillside with 180 degree views of downtown for \~$2.2M. My agent (who I trust) says it’s exceptionally rare for something like this to be on the market just based on the lot alone. The house itself (about 5k sqft) however was built in the 1920s and is so outdated it’s uninhabitable so whoever purchases it is likely going to need to do a raze and rebuild. + +My current dilemma is: do I delay another 3 years and likely another $2M developing the property or should I hold off and wait until something with better bones and similar lot attributes comes onto the market (likely never)? And is this a dumb decision financially to make myself house poor like this? At the moment I’m pushing for it since one of my dreams is to have a house similar to those featured on Dwell and probably won’t be able to unless it’s custom built. But I’m also new to home ownership and feel like I’m being too ambitious as a newbie. + +Please help talk me into or out of making this decision, especially any regrets or endorsements for those of you who have gone down a similar path. Thanks! + +EDIT: Forgot to mention I have a loan pre-approved for the property already (w/ 20% down) +A lot of people nowadays talking about living off passive income when they’re even younger than 60. + +**I actually know a lot of people that invest most of their money into safe dividend stocks.** They are in their 20-30s though. + +One of my friends has 200k in bank stocks. Literally put most of his paychecks into dividend stocks. + +Is this stupid or is it just not realistic? +I will include the past post text (don’t know how to link it because of my oh so smooth brain) and will provide an update after as I have received several DM’s requesting a new post on the matter. Also my post was questioned by apes and I was approached by mods and satisfied all their requirements, thank you to skeptical Apes and prudent mods as I completely support both. + +Past Post: + +!Ape help! I’m meeting a journalist for a top US national paper tomorrow. What should I show him on GME?! + +I’m being cautious, even to the point of not naming the paper as I want to ensure nothing gets out. I am spending a full workday with an award winning journalist from a top national news outlet tomorrow! I’ve actually spoken to them (off the record) and casually brought up GME just saying that I can’t believe there hasn’t been major coverage on this to which they replied, “Really? I feel like there’s been a lot of coverage on it…” so obviously they know nothing about it… +I am seeking help from my fellow apes and will print off material for them so what evidence do you think would raise an award winning journalists attention to dig further? + +If mods require proof I can do that as I’m all about verification but I have to protect myself and them at this point. There are a lot of eyes on our sub and I only have one day with the individual and don’t want to turn them off thinking I’m some kind of fanatic as we are meeting on an entirely different subject. This is a 6 hour window to bring this up in a way that interests someone who knows nothing about this, may even be skeptical and thinks there’s already been coverage on the issue when we know it’s biased propaganda. + +I’m not promising anything will come of this, I am opening this opportunity up to all apes however… do your thing you beautiful retards, you’ve always made me proud! + +New Post: + +Apes… It went oh so well! + +So spent the day and did our thing, stayed cool as a banana far away from any rectum and just allowed organic discussions on whatever the journalist wanted and ape magic happened… + +Keep in mind I was approached by this journalist on an entirely different issue and I know that absolute respect has to guide this interaction for obvious reasons. I also want to stress that I don’t, nor do I claim to represent anyone but myself. So after making the last post and going over every comment/link several times I felt zen about the next day but still curious as to how I would broach the issue. The day began largely as was expected, I guided the individual through several interviews and subjects for their piece. By the end of the day we ended up with extra time as I was driving the individual anywhere they wanted and GME naturally came up. I fkn memorized the most important points after reading all the advice on this post (multiple times as well as from months of DD) as I usually do as these situations which come up in my line of work pretty often. Now off the record banter we got to talking about global issues which affected my work which the journalist was writing on and I made the link… I was talking about how education and knowledge are the greatest form of power to change societies and global issues and how my personal studies greatly impacted the trajectory of my life and how more recently what I’ve learned tumbling down the rabbit hole of GME and how it gave me a whole new perspective of US markets and markets in general. This warranted my next comments regarding the overt, insane level of manipulation perpetrated by hedge funds, market makers and even possibly government agencies. Sure enough he bit… + +After my comments he began asking me questions directly on the GME issue, inquiring as to how I know there is illegal manipulation occurring? What’s important was the tone of their inquiry, they asked as a journalist, not in disbelief, not in resistance, not facetiously, but with professionalism as genuine curiosity. Having refreshed myself with all the amazing feedback form apes I brought them through a labyrinth of issues: + +- Hedge funds and Market Makers are affectively using retail shares against us through stock lending and options shorting the stock down + +- It’s mathematically impossible that SHF’s covered during the January “sneeze” + +- Self reported shorts can’t be reported more than 140% of the float and we now know through court documents that in January it was at 220%. They simply couldn’t have covered + +- FTD’s & dark pools + +- Survey’s done are showing the float is owned in Canada & Germany respectively and is owned multiple times in the US + +- Dr. Trimbath, David L., West C. and Lucy K. have all weighed in giving a lot of context and history to these situations (sent the investigative articles as well) + +- Obvious “hit pieces” in financial media that completely miss any meaningful points on what’s driving this “idiosyncratic” stock & how hedge funds financially back these publications + +- Overstock just recently winning their court-case with prejudice in releasing a digital dividend destroying shorts as they were falling victim to the same predatory shorting + +- New communications between Robinhood and Citadel revealed through court documents proving Vlad and Ken committed purgery in the congressional hearings + +- DRS and the solution to stock manipulation + +- There’s financial incentive to bankrupt companies as all shorts are paid out tax free, that’s why hedgies targeted brick-n-mortar companies during a pandemic + +- There are over 600k apes on Superstonk from around the world ripping through huge technical documents in days, lawyers, marketing pro’s, from every corner contributing + +- We are seeing a historical social movement online galvanized by access to esoteric information on market practices used to benefit from retailers ignorance + +- No one has been able to prove Apes wrong yet + +This of course wasn’t everything as it was as a lot of back-and-forth which was the best part. The journalist was asking a lot of questions, and good ones, I was being interviewed on this subject! Not only was he interested but he wanted me to send him some articles I’d mentioned which I did on the spot. He asked me to send him links which I’ve sent (DD library, academic studies, data sites, etc.). They said they were going to pass this onto coworkers in the financial side of the publication, I didn’t ask them to do this. I genuinely told them that whatever they do with the info they can truly consider the data and it’s implications, to really look into it, even for their own benefit. This will be the greatest financial transfer of wealth in history by catching the fkrs who caused 2008 at their own game, locking dubious players into a death spiral by simply buying and holding against all their risk matrix’s, algorithms and anything else they thought they could use against retailers, that this is history in the making and nobody is truly talking about this in the mainstream in a meaningful way. Mind you since then there have been some new articles which may even give their financial journalists and editors the balls to go even further? + +Another crazy development… It turns out I now have access to another award winning journalist, but this one is independent and loves exposés. So I will now be reaching out to them today and this one I feel free to go all out! + +I truly thank all of you beautiful apes as almost every link was sent in the email, I read every comment multiple times and truly considered all advice/warnings. It went way better than I could’ve imagined and I will update any developments because you know I’m going to follow up! Today another ape may be looking up at the moon. One with a lot of influence… + +Edit: Inclusion of DRS point (thank you ape) +Let me start by saying when i started thetagang things were a lot different than they were now. Every time someone talked about selling high IV speculative puts or CC it would be shunned in this sub. + +I wanted to point out that wheeling blue chip stocks used to be the focus. Now it seems normal to talk about high IV names. + +Anyone else concerned that everyone is getting a bit more greedy chasing premium? +hello, this account was set up for just this question. + +I’m 45 years old. I work as an attorney. I chose this profession so I could work as long as possible and never intend to retire. I have about $250,000 in student loan debt. I have $10,000.00 to my name and no retirement accounts. + +My mom just passed away. I’m going to inherit about $200,000.00. + +My intention is to put the money into an ETF like SPY and stay away for 20 years; and go on living my life as usual. + +Thoughts? +I got a regular old flu last week and it triggered an ear infection. I recognized it right away because I've had it happen before. Last time, it caused my ear drum to burst, which was extremely unpleasant. This time, I wanted to take care of it before it got to that point. Also, if left untreated, an ear infection can eventually give you brain damage or kill you, and there's no guarantee that it will ever go away on its own. + +All I need is for someone with basic training to look in my ear, confirm that it's inflamed, and give me a prescription for cheap and readily available antibiotics. + +I went to an urgent care center rather than going to a doctor (because I know from experience how that goes). They want $200 before I can even make eye contact with a nurse. + +Walgreens and CVS clinics are all booked up. State-funded clinics are nearly impossible to get into on short notice. I won't dare go to an emergency room. Financially speaking, I'd have better odds in a casino. + +Thank god I'm a student and the campus health center happens to be open (even though the website says it's closed). I walked into the lobby on a whim, fully expecting it to be locked like every other building on campus. They were able to see me the next day. I got seen by an actual doctor and I got the antibiotics. The whole experience cost less than $50 (drugs included). + +My tuition is paid by grants and loans, and this is part of what it goes to. Imagine if my taxes could allow me to see a doctor the same way my tuition does. + +It honestly makes me feel a little bitter. I got a little taste of a functional healthcare system, and I graduate in a few months so I won't have access to it anymore. +Just remember that everyone's personal financial situation is unique. Something that works for someone else may not work for you. + +Avoid comparing yourself to others. Appearances are deceiving. That friend that just purchased a new house and new car may have taken on some serious debt to make it seem like they have it all together. + +Find what works for you and keep on working towards your goals! +My S/O and I combined are on track to bring home $175k this year and we’re in this constant cycle of having less than $100 in our bank accounts every week. +We live in a small house with a $900 mortgage payment. And we have 1 car payment ($600) + +We blow money every single day like it’s nothing. We eat out every night. And go on mini trips or full vacations once a month. We each get paid every Friday and usually by Monday, we’re down to $200-300. + +We’re young and we were very very poor going through school and I feel like our spending just keeps growing with our salary. I don’t know what to do to get out of this cycle. Neither of us want to work our current jobs the rest of our lives but the way it’s going now, we will never have any extra funds to do something else. +I have already direct registered XXX shares into Computershare from Fidelity. It was quite simple the first time, but things changed in one week. + +Agent: How can I help you? + +Me: I am looking to direct register another XXX of my GME shares into Computershare. + +Agent: Ok, I can definitely help you with that. I would like to ask, why are you doing this? + +Me: I want to have these shares directly registered to myself and not “street registered.” + +Agent: Just to let you know, these shares are registered to you in Fidelity. It’s no different than having them in Computershare. + +Me: I am confident moving them into Computershare. + +Agent: Ok, also, it is harder to sell your shares in Computershare. You will have to transfer them back to a brokerage to sell them. + +Me: Computershare has a limit and market sell option. I know this because I have done it. + +Agent: Ok, I will perform the transaction for you. + +Me: thank you. + +#APES, THIS IS THE WAY# + +Not financial advice. 🚀🚀🚀🚀 + +edit: I get it, unintentional Fidelity FUD. Apologies for that. I still have XXX on fidelity. BUT, at the very least, half-truth told by rep when said that Fidelity shares are still considered “registered in your name” similar to Computershare. Love ya apes. +Hi I'm a high school student who lives in Istanbul, Turkey. I'm really interested in economics and that's why I want to study economics at university. Even though it's quite early for me to ask this (since I'm still in high school) but what are the jobs I can do in the future after studying econ? + +I know that economics is a broad subject but I just wanted to hear the options and what skills can be beneficial for me to know from a young age. I'm 17 btw + +Thank you. +I'm interested in teaching myself linear algebra for economic and business applications and I'm wondering if anyone has a recommendation for a beginner level book on linear algebra specifically for economics. +Hi I'm a high school student who lives in Istanbul, Turkey. I'm really interested in economics and that's why I want to study economics at university. Even though it's quite early for me to ask this (since I'm still in high school) but what are the jobs I can do in the future after studying econ? + +I know that economics is a broad subject but I just wanted to hear the options and what skills can be beneficial for me to know from a young age. I'm 17 btw + +Thank you. +Apparently Churchill said « Stalin inherited Russia with a wooden plough and left it in possession of atomic weapons ». + +Rationalwiki claims that : Under his long administration, Enver Hohxa oversaw the economic and social transformation of Albania from a feudal relic which was formerly ruled by a despot named Zog to a relatively modernized state. + +Rationalwiki also claims that : Yugoslavia tended to enjoy a better quality of life than its Warsaw Pact neighbors with significantly better access to consumer goods (both foreign and domestic) and generally had fewer restrictions on its citizens. +_________ +I dont get it. I though that socialism caused economies to collapse ? + +Are those socialist dictators actually hated for the brutal repressions under their regimes, and not for their economic policies ? + +But then, if their economic policies had been applied by a non-dictator person, like Alexander Dubček, could have socialism turned out better ? +&#x200B; + +[Banner submission by u\/CHMan\_Prive](https://preview.redd.it/h7q36fgdf8x61.png?width=1920&format=png&auto=webp&s=e91bc24c211f1077bd084b9ebd3361e75e3f83a5) + +# Good Morning Superstonk!!! + +&#x200B; + +**HAPPY CINCO DE MAYO!🎉🎉 This is the güey 🚀🚀** + +# + +# [It's AMA day today!!](https://youtu.be/AYct0XX0uTU) Don't forget to tune in at 3pm Eastern for Dave Lauer and u/Jsmar18! + +&#x200B; + +# CHEERS TO 250,000 MEMBERS!! 🎉🍾🥂🚀🚀🚀 + +&#x200B; + +[He said HODL](https://preview.redd.it/py4lvuwgf8x61.png?width=840&format=png&auto=webp&s=1ab6d670da4ef69e007e142f297749f1966b67b6) + +# [HYPEHYPEHYPEHYPEHYPEHYPEHYPEHYPE](https://www.reddit.com/r/Superstonk/comments/mzya83/me_n_the_boys_vibin_to_this_every_time_gme_spikes/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Breaking News 🚨[SEC has no objections to NSCC-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801) + +All we are waiting for now is NSCC-002, which should go into effect no later than 5/8 (5/7 because of the weekend). + +What does that mean? + +It means theoretically 002 could go into effect as soon as today, but I wouldn't plan on it. + +But soon moon 🚀🚀🌝 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢More on today's Big Wrinkly Brain AMA with Dave Lauer and u/Jsmar18, intro by u/Bye_Triangle + +**Here we go Apes... It's time for some big-brained learning** + +&#x200B; + +[Big brain time 🧠](https://preview.redd.it/fbib424lf8x61.png?width=880&format=png&auto=webp&s=db2c89c91134dd77319a1d58d3cdaf57c1486a15) + +If you don't already know, we have a very exciting guest with us today, [David Lauer](https://www.youtube.com/watch?v=itxbyXO67XY) is joining us for our second edition of [r/SuperStonk Live](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA). If you aren't familiar with David Lauer here is a quick rundown: + +David Lauer used to build the very High-Frequency Trading systems used everywhere in the markets today. If anyone knows the ins and outs of these low latency trading systems, it's this guy. Following his time building these systems he went on to be the one to operate them. + +Lauer took on the role of High-Frequency Trader at none other than Citadel. (Obviously, he will not be on to talk about any sensitive information, please keep that in mind). Following his tenure with Citadel, he went on to another company, Allston Trading where he also worked as a High-Frequency Trader. So there is no question that his experience in this field will provide us with some very valuable insight. After a bit more than a year of High-Frequency Trading, Lauer had the life-changing realization that HFT systems do more harm than good to our capital markets. + +Since then, he has worked tirelessly to help improve the situation, even testifying before the US Senate. So, if there was any doubt, this guy is on the same side as us. That is to say, we share a common goal, improvement in the quality of our markets. David Lauer currently has a seat on the FINRA Market Regulation Committee and on the founding editorial board of the Journal of AI and Ethics. + +**So, now that you are caught up... ARE YOU AS HYPED AS I AM?! We are going to earn so many real wrinkles today, my fellow apes, The only thing the hedgies hate more than us buying and holding, is us Buying, Holding, and Learning. No more can they call us "Dumb Money".** + +# So, without further delay, [Here is the link to the AMA](https://youtu.be/AYct0XX0uTU)!!! + +# It starts at 3:00 pm eastern time, just like the last one. So set your alarms folks. Also, Pink had the genius idea to include a timezone converter last time so here is [that](https://www.thetimezoneconverter.com/) because timezones are confusing 😵😵 + +# Back to you, u/PinkCatsOnAcid! 🦄🐱‍🚀 + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Heckin low volume yesterday + +If liquidity isn't an issue, then why was volume as low as the 100s yesterday? (Yes, 3 digits) [Some level 2 data even showing 1 min candles with literally 0 volume.](https://www.reddit.com/r/Superstonk/comments/n4t1mb/we_just_had_two_1_min_candles_with_0_volume_in/?utm_source=share&utm_medium=web2x&context=3) I saw it said that it's like waiting for the last few kernels of popcorn to pop before enjoying your snack. 🍿 Everyone knows people around the world are buying and not selling because Gamestop is an awesome company with a bright future. Man I love this stock!!! 💎💅🚀🐱‍🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 BANK OF AMERICA HEDGE FUND SELLING AT EXTREME LEVELS 🚨 This is not a drill!! Main Stream Media is reporting! + +&#x200B; + +[Why collect so much cash, BofA? Is for me? 👉👈](https://preview.redd.it/5yu2qh6of8x61.png?width=3807&format=png&auto=webp&s=415d660a29c1bf4dc2edd2dfd56d3b5e90e596f2) + +Don't get too excited about all the sudden influx of cash though. It's probably headed to [the Cayman Islands](https://www.reddit.com/r/Superstonk/comments/n4sbhz/omg_wtf_did_shitadel_register_something_in_the/?utm_source=share&utm_medium=web2x&context=3) or [tied up in a divorce.](https://www.reddit.com/r/Superstonk/comments/n487aq/in_relation_to_bill_gates_getting_divorced/?utm_source=share&utm_medium=web2x&context=3) 🤷‍♀️ (<<<Total speculation) + +Basically Bank of America Hedge Fund liquidated everything in their holdings that wasn't Real Estate or Health Care. + +[**Here is a free Bloomberg article that (kinda) explains**](https://www.bloomberg.com/news/articles/2021-05-04/stock-winners-fall-in-latest-selloff-sparked-by-inflation-fears)**.** + +What does this have to do with GME? Ooooh IDK... + +# Maybe because BofA Securities is one of the clearing brokers for Citadel + +[Look at all the canaries in this coalmine! ](https://preview.redd.it/dug57v8wo8x61.png?width=711&format=png&auto=webp&s=562323da95cfa2a511909364e2acacda9bdda709) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Russel 2000 is Bleeding + +[The whole Russel 2000 index was red yesterday](https://preview.redd.it/fiixklfvn8x61.png?width=1011&format=png&auto=webp&s=058ba9184df4d024e3d21d0e8f9824e8913233af) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Who wants to beat the NASDAQ High Score? + +# ⬆️⬆️⬇️⬇️⬅️➡️⬅️➡️🅱️🅰️▶️ + +&#x200B; + +**Apparently the highest number the NASDAQ can currently handle is $429,496.7295** + +&#x200B; + +# 🕹🎮NASDAQ HIGH SCORE 🕹🎮 + +|Score|Ticker|Date| +|:-|:-|:-| +|**$429,496.7295**|TBD|?| +|**$421,000**|BRK.A|05-04-2021| + +420k 😛 + +&#x200B; + +[New high score, anyone?](https://preview.redd.it/k6zbwil0g8x61.png?width=816&format=png&auto=webp&s=e31e3b26cbaf1a4b176715ee5f7970d2fc329273) + +It appears the NASDAQ is upgrading (to accommodate more zeroes presumably **\[̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅\]** ) and should be done by the end of the month. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [We own the float](https://www.reddit.com/r/Superstonk/comments/n4uw04/my_phone_call_with_fidelity_500k_transfers_from/?utm_source=share&utm_medium=web2x&context=3) 💯+ + +&#x200B; + +**SAY IT 1 MORE TIME 📢** + +&#x200B; + +# [Retail Owns the Float](https://www.reddit.com/r/Superstonk/comments/n4lwj2/andy_lee_says_brokers_in_asia_are_unable_to/?utm_source=share&utm_medium=web2x&context=3) 💯+ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VIP (Very Important Post) from Dennis Kelleher himself- A must read before this Thursday's hearing + +# [Read the post here](https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing_short_selling_fact_sheet_early_just_for/?utm_source=share&utm_medium=web2x&context=3)and give @ BetterMarkets a follow on Twitter! + +**Dont Forget This Thursday: The US House Committee on Financial Services Hearing Date set for Thursday May 6, 2021 at 12:00 EasternTitle: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III** + +**The Financial Services committee announced they will be holding** [**Part 3 of their Gamestop hearings**](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) **this Thursday.** + +Witnesses include DTCC, FINRA, and Gary Gensler (SEC). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DON'T FORGET TO VOTE! + +[For the sake of space, I will just link the daily DD from yesterday and encourage you to read up and get proactive if you have not yet received your control number and voted!](https://www.reddit.com/r/Superstonk/comments/n4l233/tuesday_superstonk_daily_dd_05042021_surprise/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Good Vibes from Pink Cat ☮✌💖🚀🌝🐈 + +I really do love each and every one of you apes. I want you to take care of yourselves on this trip in our favorite rocketship. Take your protein pills and put your helmet on.🐱‍🚀 + +**Don't gamble more than you can afford to lose. Make sure GME isn't your life plan. Eat as healthy as you can afford. Drink lots of water. Get a little sunshine every day. Hug your family, your pets, or your GME extra tight every day. And make love, not war. ✌💖🦄🐈** + +&#x200B; + +https://preview.redd.it/pzai3154g8x61.png?width=554&format=png&auto=webp&s=9be88ef00dd0b67dc015f38769291fe7da2430cd + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +[Toot Toot MotherFUDers!](https://preview.redd.it/utoxdrn5g8x61.jpg?width=513&format=pjpg&auto=webp&s=6106be6beefda38a9221912db5171266c1ae3bf4) + +# By the way, Reddit was down yesterday. Just like it was on January 27. And in February. And March....... + +# In the event of another Reddit blackout, please follow our socials on Twitter and don't forget the Superstonk Live YouTube + +&#x200B; + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +**Please note we do not have a Superstonk discord at this time!** + What do day traders do? + +I don’t mean like, what is our day-to-day (which is essentially like being in the wild rotating between predator and prey), but what is our actual function in society? + +Some economists argue that our job is to fuel small businesses and prop good ideas up creating volume and attention and inevitably raising the capital in the product. But does buying a bunch of tokens and then dumping them on new investors really create social good? If you don’t hold the tokens for more than a day, did you really help the business? + +To which, ya know, who really cares, that’s not what you came to a moonshots forum for. But people outside of our bubble care. Regulators care. Voters care. Investors care. Eventually, for the entire system to grow, we’re going to have to prove that what gets created out here is more than just a bunch of shitcoins in a shit ecosystem creating a complete shitstorm. + +**LifeLine Token** provides an opportunity to have your cake and eat it too. With an initial 5% charity wallet that gets fed from transaction fees, LifeLine **makes** **monthly donations to causes combating children’s cancer**, the first of which has already gone out to [Alex’s Lemonade](https://www.alexslemonade.org/). That’s right, now we can day trade and virtue signal at the same time. + +So once you’re finished feeling good about your karma, it would be a good time to remember that **Grumpy Cat went from $5M - $50M in a single day**. This all after news started pouring out about a silly meme with a heart of gold that managed to very quickly send out $70,000 to charity. Luckily, unlike Grumpy Cat, Lifeline isn’t going to be facing any copyright issues and is ready to scale for the future rather than plan a short stay in relevancy. + +With that the team has already shown great dedication in engaging with their community and delivering on their roadmap. For a project that’s only two weeks old, it’s incredible to see them already **listed on CoinMarketCap**. As a **BSC token with a fully diluted market cap under $4M** you just don’t see that a lot. + +And if you’re worried about rugs because, ya know, BSC, and the irony of being taken by a charity token is too much for you, there’s no need to worry. The contract is available for you to review and has had an audit completed by TechRate so there’s no nonsense mint functions, and **all liquidity has been burned**. There's even an **anti-dump feature** in place that prevents any wallet from selling more than 1% of the total circulating supply at any time so you don't have to worry about a single whale dominating the market. + +The only thing that could be rugged is the charity wallet itself, but it started at a 5% share of tokens so it’s nothing worth writing home about for a team of their size, and they’re looking into finding a third-party custodian anyway in order to keep public trust high. + +With the whitepaper coming soon and a ton of marketing still on the way as they get every detail in place for a big push, know that you’re still early to what is a unique cause in a growing space. Just as we see thousands of charity organizations thriving in traditional finance, know that this is only the beginning in DeFi as people find new ways to skim margins off day traders for the good of society. Because, fair or not, society will be coming demanding to see the easy-to-digest fruits of our labor. LifeLine is definitely going to be a good start. + +[Website](https://lifelinetoken.com/) + +[Telegram](https://t.me/LifeLineToken) + +[Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) +Hi everybody, I was browsing this sub the other day when I came across a user talking about the "cyclical nature" of penny stocks. I know this might be abit of a stretch, but they were basically talking about people being more interested and investing more around those months or something. Now as you might have already guessed, I am not the smartest person; however, I was smart enough to notice that this trend indeed happened with a couple stocks that have been on my watchlist! + +I am more specifically talking about REVO (has been going way up in the end of the year for the past like five years), tho I have also seen the "pattern" among other stocks to a lesser extent (MEDV: in late 2017 as well as in late 2020; NUMI has seen a similar runup last year; PNG in late 2018 & 2020... lowkey VXL as well). Now, I know that some of these if not most of these are a stretch, but still, looking at my charts this morning I felt like I could definitely make out some kind of trend there. + +So, what gives guys? Were these just pump and dumps? Are these effectively some kind of cyclical indicator? And more importantly: are we early enough to still go in and cross our fingers for a similar runup this year? + +No, I don't really know what any of my words mean, but I'm hoping we can get a discussion rolling :) +Hey guys its Automod. \* Beep Boop Beep\* I tried to mine some bitcoin yesterday but I ended up burning out my system's graphics card. I should have invested in DMGI or BITF but, I was not smart like you guys... Maybe I will make an algorithm... + + What are your plays for the week? What you buying and selling? What were your best plays? This is an unregulated discussion. This time I set sort by best so I will have a chance of getting the best ticker for this week. + +**Downvotes are discouraged** + +**Add** 🚀🚀🚀 **and give rewards to tickers you put mortgage on** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +https://www.cnbc.com/2020/06/09/robinhood-traders-cash-in-on-the-market-comeback-that-billionaire-investors-missed.html + +Retail investors capitalized on the market comeback, unlike the billionaire hedge fund managers that said stocks would retest their lows. + +Millennial favored stock trading app Robinhood saw new investors piling into stay-at-home stocks and those most beaten down by the economic shutdown, like airlines, casinos and hotels. +[https://www.afr.com/chanticleer/how-covid-19-created-a-nation-of-asx-punters-20200506-p54qbd](https://www.afr.com/chanticleer/how-covid-19-created-a-nation-of-asx-punters-20200506-p54qbd) + +Anyone else feeling personally attacked by this article? +I wanted to share as I think this is big for making this incredible wealth building strategy more simplified. + +Using the mega backdoor Roth method was cumbersome previously. You had to really know what you are doing and then make periodic phone calls to to a conversion. But I learned Fidelity has now worked it out so that after-tax contributions will be automatically scraped every month and put into a Roth IRA. This vastly simplifies this incredible wealth-building strategy. It essentially eliminates Roth income limits and opens up the ability to save more like $30k per year vs. the $3k per year in a normal Roth. I imagine other 401k providers will follow soon (or have already). If they can manage to auto-invest the monthly contributions into pre-selected funds, that would fully close the circle. + +So what is the strategy? If your plan allows, you can make after-tax contributions to your 401k and roll them into a Roth IRA. After-tax contributions do not normally make sense to do by themselves, but it makes great sense if you then routinely roll your after-tax contributions into a Roth IRA through an "in-service distribution". The in-service distribution should only be for after-tax contributions only to avoid unintended tax consequences. And this should be done routinely to avoid any major gains built up on the after-tax contributions which would also have tax consequences. Once in the Roth, you are golden, free from taxes for life. + +There is no income limit to this strategy vs. a regular Roth and you can contribute much more. To determine what you can contribute, you need to take the $56k annual 401k contribution limit and subtract any before-tax contributions and any matches. For instance, if you do the max $19k before-tax contributions and then get $6k in matches, you can then make as much as $31k in after-tax contributions per year and convert that to a Roth. + +Check with your 401k company if this is a doable strategy for you under your plan before embarking on it. + +After-thoughts: + +I think the standard advice may need to be altered then. It has often been max your 401k match, then max a Roth IRA and then do more before-tax 401k. I think it should shift to max your 401k match and then pump as much as you can into the Roth IRA via the mega backdoor approach, then max a regular Roth, then back to 401k (if you happen to be swimming in gobs of cash!). + +For the disciplined investor, the mega backdoor Roth can also help you tuck away one-time upsides like an inheritance. Say you inherit $60k and want to invest it long term. Over the course of two years, you can max out your after-tax/Roth contributions to your 401k (say $30k per year extra). You can make up for the shortfall in income this causes by replenishing the contributions with the $60k inherited. Over the course of two years, the $60k is drawn down to zero and you now have $60k in a Roth that will grow tax free forever. And the plus with a Roth is, if you really need some cash later, any principle you have contributed can be withdrawn later without tax consequences. (Provided the account is open at least 5 years, I recall. And you really shouldn't do this unless absolutely necessary). +Long term lurker looking for some advice. Currently have a NW of $4.5M in a HCOL area (doesn't count home). Target FI is $6.5M threshold with an objective of $8M. Early 40s with combined income of $450K. We can easily coast to FI but I have a constant internal battle of just getting to the number as fast as we can vs spending more on some "wants" (toy car, higher end vacations, or even working less hours). I am tied to my company for at least the next six years to max out my equity and I anticipate that will bring another $4M but I want at least half to setup our retirement residence and don't currently know where that is just yet. + +Should we grind to 6.5 or count on the typical 8% growth to carry us there? We both work 10-11 hour days so the hours do start taking a toll on you. +Ummm does anyone else remember Gabe P Saying to congress he covered his short position back in Feb? Should we be contacting Congresswoman Maxine Waters about this news today? I bet some wrinkle brain out there can calculate the gains and LOSSES Melvin has been reporting match up perfectly with the rises and falls of GME's share price. What do you say we try and get Gabe P back in front of the House finance committee? + +I'll leave this here: + +[https://twitter.com/RepMaxineWaters?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://twitter.com/RepMaxineWaters?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +EDIT 5: + +Okay so I went back and rewatched everything Gabe said back in Feb during the first hearing. Here is what I could identify as important. + +[https://www.youtube.com/watch?v=RfEuNHVPc\_k&t=17423s](https://www.youtube.com/watch?v=RfEuNHVPc_k&t=17423s) + +00:19:57 + +Gabe goes under oath + +00:30:00 + +Gabe begins his opening statement..."in fact Melvin closed out all of it's positions in gamestop days before the platforms put those limitations in place." (Can some ape dig through the data and see if we can prove that to be a lie? If it were true we would have mooned back in Jan. All that happened in Jan was a Gamma Squeeze which I understand is driven by call options etc... not covered shorts. Solid evidence here would be nice.) + +00:34:06 + +"In the frenzy during January Gamestop stock rose from $17 to a peak of $483...... When this frenzy began Melvin started closing out it's position on Gamestop at a loss. (Notice him looking up at a lawyer just off camera lol) + +01:43:13 + +Rep Blaine Luetkemeyer (MO-3) "Mr. Plotkin you made the comment in your testimony a minute ago that you were not trying to manipulate stock. Yet if your short selling a stock 140% um for me on the outside looking in, it looks like that's exactly what you're doing. Explain to me why that's not manipulating the stock?" + +Gabe..."Thank you congressman um for us. I can't speak to other people that were short. Any time we short a stock we locate a borrow. Our systems actually forces us to find a borrow so we always you know short stocks within the context of all the rules." + +01:53:36 + +Gabe..."We run a long short portfolio, the majority of our investments are long investments, but we also have short investments to hedge out market risk." + +03:43:12 + +Gabe...."Umm look I think to some degree markets are self correcting. You know moving forward stocks. I don't think you're going to see stocks with the kind of short interest levels that we saw prior to this year. I don't think investors like myself want to be susceptible to these type of dynamics. (Aren't you only susceptible because the SI is 140%? which implies naked shorts. If they still bleeding then those shorts ain't covered) I think there will be a lot closer monitoring of message boards...." (Hi shills.) + +04:54:41 + +Gabe..."Yeah, hi ahh thank you for the question. you know I, I think ah, I mean I don't have the exact answer to your question. I do think it's worth noting that, you know as the stock price moved higher, you know, there was a three day period where it traded almost 11 times the entire float and so I think that kind of volume gave anyone who was short ample opportunity to cover and probably suggests tremendous either frenzy buying or institutional buying or some sort of combination. We did look at some of the options activity in the stock and you know on friday January 22nd there was options that were expiring that would have equated to 35 to 45 million shares of stock ownership. So I actually don't think the short covering was the biggest driver of the stock. When you kind of look at the volume I kind of think the biggest driver was the aggressive options activity, Umm and then wether it was institutional or retail, just the collective buying." + +okay interpret what you will and do as you want. Hope this helps Apes. + +EDIT 1: Gabe stated in his testimony that they closed all their gme position. + +[https://www.washingtonpost.com/context/testimony-of-gabriel-plotkin-founder-of-melvin-capital-management/8882e0d9-a683-4392-bc2e-87e56ba43baf/](https://www.washingtonpost.com/context/testimony-of-gabriel-plotkin-founder-of-melvin-capital-management/8882e0d9-a683-4392-bc2e-87e56ba43baf/) + +credit goes to u/[omishikenshin](https://www.reddit.com/user/omishikenshin/) + +&#x200B; + +EDIT 2: Here is a list of all the members of the [U.S.House Committee on Financial Services](https://financialservices.house.gov/about/committee-membership.htm). If one of them is your congress person pick up the phone and give them a call. They don't read emails. + +[https://financialservices.house.gov/about/committee-membership.htm](https://financialservices.house.gov/about/committee-membership.htm) + +&#x200B; + +EDIT 3: Is there a wrinkle brain out there who knows how to calculate the reported losses against the GME share price? Being able to show a correlation would be nice. A clean graph or something might make getting congress on board easier. + +&#x200B; + +EDIT 4: Wow apes thank you so much for the awards. Seems like the community likes this idea. + +1st: Okay well in my opinion getting congress to act takes a lot of consistent PUBLIC pressure. I've listed the congress people in the committee, take some time and do a little DD if one of them represents you. You'll want to find the phone # for both their Washington office as well as there local state office. Congress people travel back and forth a lot so you want to hit them in both places. You will likely just speak to an aid (that's okay) so leave a message with them and follow up a few days later to make sure your message reached them. + +2nd: Some news coverage would help, but I like you don't trust the MSM. However there might be one exception. The Hill. + +As you can see from these examples they have understood and sympathized with us since back in January: + +[https://www.youtube.com/watch?v=atHMYQtunF0&t=483s](https://www.youtube.com/watch?v=atHMYQtunF0&t=483s) + +[https://www.youtube.com/watch?v=zTT4it\_f7Jc](https://www.youtube.com/watch?v=zTT4it_f7Jc) + +If we could get them to call this out in one of their segments that would apply a ton of pressure on the House Finance committee to act, + +Here is there twitter info: + +[https://twitter.com/thehill](https://twitter.com/thehill) + +[https://twitter.com/esaagar?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://twitter.com/esaagar?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +[https://twitter.com/krystalball?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://twitter.com/krystalball?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +Go forth ape army and make some noise! + +&#x200B; + +EDIT 6: This is not legal or financial advise. You can do whatever you want. I'm just organizing information in one spot so people can do what they believe is right. + +&#x200B; + +EDIT 7: This is what I mean can we some how use math to prove Melvin never covered in Jan and thus lied in Feb during the hearing? u/rensole Got any wrinkles for us? lmao. How about u/Atobitt ? + +Credit goes to u/[aoechamp](https://www.reddit.com/user/aoechamp/) + +"It makes perfect sense. They doubled down and shorted on the way down in Jan. This resulted in 20% gain (from their all time low) in Feb. Now the stock is up 400% from feb, and they’re down 50%. + +Another 2x would be in the $400-$500 range which aligns with the last peak and the expectations of where the margin calls begin." + +&#x200B; + +EDIT 8: Some wisdom from the past + +# “In this age, in this country, public sentiment is everything. With it, nothing can fail; against it, nothing can succeed. Whoever molds public sentiment goes deeper than he who enacts statutes, or pronounces judicial decisions.” + +― **Abraham Lincoln** + +&#x200B; + +EDIT 9: 13F filing on 5/17 could shed some light on this. + +Credit goes to: u/[Ok\_Entrepreneur\_5833](https://www.reddit.com/user/Ok_Entrepreneur_5833/) + +"Well I mean that's public knowledge, although it isn't updated often enough and hopefully one day will be as a result of all this since we (apes) demand transparency going forward. + +[https://www.insidermonkey.com/insider-trading/company/gamestop%20corp/1326380/](https://www.insidermonkey.com/insider-trading/company/gamestop%20corp/1326380/) + +This is the latest we have. So when they update the 13F filing again, which is 5/17 we'll know one way or the other. Until then we will not know." + +&#x200B; + +EDIT 10: Can't seem to cross post to r/wallstreetbets Maybe I don't have enough karma? Would someone being willing to cross post this for me? open up the debate to a bigger community? + +&#x200B; + +EDIT 11: This is the way. + +credit goes to: u/Mardanis + +"You lot are like the government going after Al Capone.. fine we can't get you on murder, extortion and rackets so will find something. Boom! Tax evasion! Except this time its lying under oath." + +&#x200B; + +EDIT 12: Why should we bring congress into the picture? PROS/CONS list + +PROS + +HF have to pay for lawyers, draining them of financial resources that would otherwise be used to delay the MOASS or short attack us. + +Public pressure and transparence makes DTCC nervous and they Margin Call Melvin and friends. + +News coverage triggers FOMO which increase size of Ape army and triggers MOASS + +Congress realizes how much TAX revenue the MOASS will generate and what that would mean for their own re-election effort. They pressure the SEC, the SEC fines Melvin and friend further draining their resources and increasing the speed at which we reach MOASS. + +Our collective knowledge after having gone through this these past months is made public and is used to reform the markets in a way that makes them fairer for retail. + +The complete corruption that is the SEC becomes obvious and triggers calls for a reform of the organization itself. + +The House Committee on Finance decides to make an example of Gabe to help them look good in the eyes of voters (because they hold the smallest of majorities in both house and senate) and they follow through and charge him with perjury like they did to Michael cohen and we all get to watch Gabe P marched off in hand cuffs while we collect our tendies. + +Nothing happens except Kenny G and Gabe P shit themselves harder than they already have been. + +&#x200B; + +CONS + +Congress does nothing and we're back where we started. + +The parties decide to take sides and this becomes a partisan issue (If we didn't have one party in control of the house, senate and white this might be a serious issue to consider, but in my opinion under the current conditions this wouldn't amount to more then a few 24 hour news cycles on the cable channels. Which would create some FOMO which I still consider a plus. Who doesn't want more Apes?) + +This Galvanizes the other HF and they unit behind Melvin and citadel to crush us and remove us a threat. (If that were going to happen I believe it already would have. I don't think these HF like each other very much. Many of them might be applauding the financial death of a serious rival. Just my take.) + +CNBC gets mad and starts coming after us even more than they have already. (Bring it Cramer, I ain't afraid of your bald ass.) + +&#x200B; + +EDIT 13: So every indication I've seen about the Jan pop was that it was a Gamma Squeeze. My understanding is that a Gamma Squeeze is driven by call options and high volume. If Melvin had honestly covered or "closed" in any way we would have mooned. All the DD I've read points to them reseting FTDs (which maybe could be argued that means it was closed) and doubling then tripling down to shake paper hands and push us down to $40 in Feb. This idea the Gabe P did cover and wasn't lying then for some dumb ass reason decided to re-short GME after the hearing I think is silly. Why walk back into a trap that you escaped and or passed off the citadel? + +Oc·cam's ra·zor/ˌäkəmz ˈrāzər/*noun* + +1. the principle (attributed to William of Occam) that in explaining a thing no more assumptions should be made than are necessary. The principle is often invoked to defend reductionism or nominalism. + +The simplest answer is that he lied because he was trying to bluff us at the time and was hoping we would paper hand and walk away, we didn't. If we had no one would have bother to look deeper and call him on his BS. + +&#x200B; + +EDIT 14: CLOSED VS COVERED + +okay there is a growing feeling in the community that thanks to his lawyers most likely; Gabe said 'Closed' not 'covered' and thus this will somehow let him loop hole his way out. + +So? Shouldn't he clarify that under oath? They're toying with our economy/our lives like it means nothing. They kill business we love just so they don't have to pay taxes on their investments. They crashed the world economy in 2008 and as we have all come to see they are preparing to do it again with US treasury bonds. They bring no value to society. Like a tick the just suck resources out of us so they can buy absurd apartments in the sky to better look down on the rest of us. I want them answering question in front of congress everyday. But then that's you know, like my opinion man. and this is just a "Discussion" as the flair so clearly displays. + +&#x200B; + +EDIT 15: CONGRESSIONAL INCOMPETENCE AND THE CYNICAL PERSPECTIVE + +Is congress filled with idiots? ///Yes, but even idiots know how to work to their own self interest. So we make it in their own self interest. Also Congress is filled with Human beings that juggle multiple committee jobs on top of the local stuff in their state. They only have soo much attention to give to any particular issue or topic. -- For example -- those of you who watch Andrew Mo Money probably are aware that he just got an interview with Congressman Ro Khanna. Andrew was smart enough to bring the man the myth the legend u/Atobitt with him. Watch the video and see how the congressman react to u/Atobitt questions and comments. He had no idea what was going on or how massive it was. (He also look exhausted as fuck probably did this after some four hour long kabuki theater routine on some committee he came off of) If congress isn't acting they way you want it might be as simple as their just to busy and or ignorant to whats going on beneath the surface. Admit it, you had no idea either until you found this beautiful community of apes to explain it to you. Maybe we should take the community and it's knowledge to them? Food for thought. + +[https://www.youtube.com/watch?v=sKnXneFUbxU&t=3s](https://www.youtube.com/watch?v=sKnXneFUbxU&t=3s) + +Is congress on our side? ///Depends on the context. If they can benefit from something they WILL consider it. It all flows back to how the general public with feel about it. Sentiment is key. This community and others like it have a pretty galvanized sentiment on what's happening with GME and why and last I checked there were 9.8 million apes on WSB. + +Will Congress protect Gabe P and Kenny G? ///Congress has plenty of lobbyist kissing their collective asses. They don't NEED Melvin or Citadel for anything really because they are easily replaceable by another HF that wasn't stupid enough to take on Reddit. + +What if I don't like the party in charge? ///You don't need to agree with a politician in order to compel them with speech. It's literally their job to listen to their constituents wether they voted for them or not. Never forget that they are our employees, our taxes pay there bills. We don't care what's convenient for them only that they do their job and act to improve our way of life and preserve the American Dream. + +How do we make it in congresses self interest? ///Call them and explain what you know. Synthetic shares and all. Remind them you are their constituent and that mid terms are fast approaching. One bad race could tip the scales of congress in a way they wouldn't like if they were seen to be on the side of HF and not a voter. Explain the 'Everything Short' and the threat of a 2008 repeat while on their watch. EXPLAIN IN DETAIL THE MOASS AND JUST HOW MUCH TAX REVENUE THAT WOULD GENERATE. who knows if you do a good job they might just go out and buy some GME themselves. + +Wouldn't it be naive to trust such a corrupt organization as congress? ///The good thing about corrupt organizations is the lack of loyalty. Just ask the FBI, turning one mobster against another sometimes is pretty easy. HF haven't done themselves any favors and it is a huge political risk for politicians to be 'openly' associated with them. The fact that there are only a few HF who have been caught in our diamond handed trap means the vast majority of other HF and MM will go on uninterrupted. Again Melvin and Citadel are replacable and politicians what and need to be on TV to build their own self serving profile in the eyes of the public. Even a corrupt man can be made to do the right thing so long as there is some kind of benefit. + +OKAY I'LL END THIS EDIT WITH ANOTHER FAMOUS QUOTE + +‘Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed it has been said that democracy is the worst form of Government except for all those other forms that have been tried from time to time.…’ + +Winston S Churchill, 11 November 1947 + +&#x200B; + +EDIT 16: FAMOUS APES WALK AMONG US + +credit to u/buttfarm69 + +"Completely agree. I think the problem is just that the information we have isn't reaching the people who can make legislative changes, or they aren't looking. We've got a lot of obstacles working against us so I am not confident that we will see jail time for these fuckers until many years from now once all the underlying pieces come to light. I just hope that the market mechanics work as intended because we are due our tendies." + +&#x200B; + +EDIT 17: QUOTES FOR DAYS + +Alexey Navalny + +(The only guy with balls bigger than DFV. After Putin failed to kill him with poison he flew back to russia just to show he wouldn't be scared off. This is what he said in court as he was being charged with a made up crime.) + +"The government and the system are trying to tell those people, "you're alone." The government's task is to scare you and then persuade you that you are alone. It's important not to feel lonely, because if I were Voldemort, I would like you to feel lonely. Obviously our Voldemort (Putin) in his palace also wants it. As another outstanding philosopher of our times, Rick Sanchez (from"Rick and Morty") said, "to live is to risk it all. If you don't risk, you're just an inert chunk of randomly assembled molecules drifting wherever the universe blows you." Just imagine how wonderful life would be without constant lying. Imagine how great it would be to work as a judge when a phone call justice doesn't exist, no one calls you, and you're just a cool judge with a big salary, bigger than you have now, you're a respected pillar of the society, no one would be able to call you and give you directions about what verdict to issue....We are a very unhappy country and we can't get out of this vicious circle of unhappiness. But we want it so much. That's why I suggest we change a slogan and we don't just say that "Russia has to be free." but also that "Russia has to be happy." Russia will be happy. I'm done." + +For the pessimists out there who think action from congress is unlikely. How likely did you think the MOASS was back in NOV or DEC? Look where things are now? Just cause something is unlikely doesn't mean you shouldn't try. +I've been using a virtual account to practise and I'm having some great success. I've been trying out reactionary trades. So reading financial news and picking trades based off that. Some go red but I hold until they turn green and sell immediately, never being greedy. + +I know this wouldn't work long term as it feels like luck. But so far I'm at 80% success rate. + +Hello, I'm 15 and about 3 weeks ago began trading for fun using a practice account on "trading 212", a desktop and mobile trading app. + +The practice account began with €10,000 and over the first week I learnt the ropes and lost and earned healthy amounts of money, I was sitting on about €9,800 at the end of the first week but I was confident I could return to 10,000. That night I invested in gold and set it to sell automatically when it reached a lucrative price, not too high, only enough to make back the €10,000 (so €200). + +It did and then over the next week I traded in gold quite well, now investing in lots of thousands vs the sheepish 1-2 hundred. + +By week three I was at 12k and began trading in nsdq and am (currently) sitting on 19,600. + +Am I just lucky? Although I'm not just investing willy-billy because the sky is my lucky shade of blue, I'm in turn not using the complicated maths or spender hours over looking decisions. This is really something I do between classes but when I came back to friends who got the app only days after I had I was the only one to make such profits. +I always have the feeling that technical analysis is nonsense because computers are simply not successful in trading. If chart analysis would have a benefit then computer systems would have to be really good in trading because computers can analyze the chart best. But because the performence of programs are so bad I ask myself whether technical analysis brings anything at all. Are there any studies on technical analysis? +# "They are rage, brutal without mercy. But you. You will be worse. Rip and tear, until it is done" (Doom quote). -- i think this summarises MSM vs retail pretty well. they are brutal. and you will see just how brutal i think below (speculation but please offer a counter argument). + +there is a lot of data to sift through and its still classifying as we speak. please do mark this post for youslesves because i will be adding links here and making a miniseries from what i found. + +&#x200B; + +TLDR: + +1. look at the MSM goes brr after the "sneeze" and after hediges closed- start asking yourself why-watch video for full effect = it starts tracking from november. +2. Computershares was effectively DROWNED out from january. apes knew about it but in the attack it was hidden. DRS is probably the way although none of this is financial advice. i am just going off the data. +3. There were just 1600 out of 77 MILLION posts and comments that even mentioned computershare before june 2021. many on the old sub. - we all know what happened to the sub. +4. I am building a site - [elegant-remote6667.com](https://elegant-remote6667.com/) that will hold everything - site isnt live yet but if somethign happens - that will be a repository for the dd. for sure. and the decentralised storage aint going anywhere. + +first off lets have a look at the MSM coverage for GME, eh? + +how can i do this? i have the data (below). thank you to everyone who provided the sauce in the comments - your contributions are what made it possible. + +&#x200B; + +[i think i have most posts and comments that i need now for Nov 2020 to June 2021 -thats a GZ compressed size, so its really close to 150gb in size that export...](https://preview.redd.it/1pco5ctljha81.png?width=648&format=png&auto=webp&s=1c5eaf6ed2429b10779b8f8a45f9e5da11a98a4f) + +i think i have most of the data now that i need and will actually need to start thinking about replacing one of the SSD's in the array... + +&#x200B; + +[ssds go brrrrt. he still has 70&#37; lifetime left, apparently.](https://preview.redd.it/pmpo3pfnjha81.png?width=709&format=png&auto=webp&s=61fe57be0385ab57beac444499eca233d7b0fb6d) + +# ape happy noises with data: + +&#x200B; + +[cpu goes brrrrr](https://preview.redd.it/1v1a6p0pjha81.png?width=1362&format=png&auto=webp&s=e0f100ef00a170d432a469a84eb8c4c4a9bbc571) + +&#x200B; + +[python goes bbrrr-happy ram noises.](https://preview.redd.it/lgwaw61qjha81.png?width=736&format=png&auto=webp&s=24848793e57958f30e7ad667b8f81c06a45763cf) + +# before you go on - listen to this video from 2009 (also backed up)- cokeratcramer himself- + +[https://www.reddit.com/r/Superstonk/comments/rzjkx0/coke\_rat\_explaining\_exactly\_what\_a\_short\_fund/](https://www.reddit.com/r/Superstonk/comments/rzjkx0/coke_rat_explaining_exactly_what_a_short_fund/) + +# ok screen shot time over - guess how many computershare posts and comments we had? up to june 2021? + +&#x200B; + +[all computershare posts or comments up to june 2021](https://preview.redd.it/pg41k7ftjha81.png?width=638&format=png&auto=webp&s=bac489de7fcc8eb0bf9c8a7e608ca2a1fcbc7930) + +looks good right? plenty of posts and comments? + +# all non computershare convo up to june 2021... 77 million posts and comments.- this is across all subs not just superstonk. we type "this is the way a lot but not that much". + +# so the ratio of computershare vs non compuetershare conversation is basically zero. 0.002077922% - fuck. they hid it well by spamming older subs before the s.sub and g.subs. fuck me. but i think the wrinkle brained found it in the end. + +# Computershare was known to apes in early january 2021, and i quote + +# "that is a myth - the only way to prevent share lending that i konw of is direct registration through computershare or physical certificate issue"- from a w333s333b333 ape. January 2021. You all remember what happened in january and February. + +# Part 2- msm fud. + +I collected a fair bit of data in the last year and now approaching a almost complete set of data to be able to do this. + +I am confident i have 100% coverage up to june 2021 now and have about 98% coverage for the rest of the year. + +# SO how does it look like? like this: + +[look at the sheer number of articles in january - those are UNIQUE. -yes -thats \~600 articles in january 2021. and it didnt die. and i am sure that still not everything as everything that wasnt posted on reddit isnt included here. ](https://reddit.com/link/rz2way/video/sgwbcvp2kha81/player) + +&#x200B; + +[And this is how it looks like properly, by month, from november to June. PRetty brutal right? December 15th and all of december while it was rising no one was batting an eye while it doubled. look what happened once they realised they are fukk?](https://preview.redd.it/l2dtmlx6kha81.png?width=1960&format=png&auto=webp&s=c6b65f404932b27bad7c748e775a933502a7acfd) + +UPDATE: + +and this is what it looks like with a full years of data: + +&#x200B; + +[full year of data](https://preview.redd.it/n3ncwhdi28b81.png?width=1317&format=png&auto=webp&s=e06b69c7a21b56e18b8866a1f63cea65d5e6a832) + +full year of data split by domain: [https://transfer.sh/WAszdw/output\_dates.xlsx](https://transfer.sh/WAszdw/output_dates.xlsx) + +A few very vocal people have mentioend -well of course it went up- why dont we look at another tech giant like i dont know meeecreesoft? + +&#x200B; + +[micro - s0ft \(dont know if this word is autoban or not\): 81 results in 6 months, same time period.](https://preview.redd.it/ntjnmrsl8ja81.png?width=1294&format=png&auto=webp&s=bb12208a90ed445a812cad82d73ee4c75a7e68dc) + +What about teh graphics card manufacturer? + +&#x200B; + +[NV\_ID\_IA \(again no idea if automod will ban it - 14 articles in databsse\) - this is the entire database. I will need to repull the last 5 years to see a good comparison for all these and it will take a while.](https://preview.redd.it/xcrnidtx8ja81.png?width=1338&format=png&auto=webp&s=b011ac4bba486535b75066cb7a3d851425ee74b7) + +Or what about k\_0\_SS? + +&#x200B; + +[clearly this isnt all the articles across absolutely every single subreddit- i did the top 3 non gme chats in 30 seconds rather than 6 hours. But i will repull the last 5 years of data and see what the true differences are.](https://preview.redd.it/u7368oqa9ja81.png?width=1327&format=png&auto=webp&s=5ff743d46be13c5044ea8d0354cdc920e475916e) + +HOw does this compare with other tickers I wonder? - I will find out.- currently above + +This post will now serve as the back up of ALL the DD. + +I will be updating it with links below as I go to gain access to the decentralised archive. + +# Data will live here once the rest is classified.- this will be the main post where i will post any new posts and updates so please sticky this one if you wanna follow me - -i will keep posting, i as an individual investor have drsd and i am fucking pissed at the last 72 hours of yahoo going out of their way to spread fud. - i will process the other 7 months of data in the coming days + +temp news link: [https://transfer.sh/sKR6Kw/msmlinks\_nov2020\_june\_2021.csv](https://transfer.sh/sKR6Kw/msmlinks_nov2020_june_2021.csv) + +notes for me for now: + +will update in full: + +* methodology +* how to dl data (all posts, links to msm articles, everything) +* any other points that come from comments. + +Ape Historian. +I did not buy GME, but am still pissed off at Robinhood for it harming all of you by pandering to hedge funds. + +Robinhood turned on its customer base today. As a result, I will be withdrawing everything. This is a substantial sum ($260k). It will result in taxes for me, but I am fed up with Robinhood‘a actions. There is only one thing that will teach Robinhood who their customers really are, and that is if I react to their bad behavior by withdrawing my funds. + +Goodbye Robinhood. +Chimps, Bonobos, Silverbacks - Lend me your ears. People keep calling out Point72 but I have yet to see any comprehensive looks into them with one incredible exception: [this post](https://www.reddit.com/r/Superstonk/comments/o8l53q/point72_aka_sac/) by [u/No-Awareness-9362](https://www.reddit.com/user/No-Awareness-9362/). Please spare his work some of your time and throw him a tendie for his contribution. Well, [u/No-Awareness-9362](https://www.reddit.com/user/No-Awareness-9362/), I agree with you completely that the corruption is overwhelming and we DEFINITELY need more eyes on this. So without further chinwagging and screeching, here is my data dump contribution to fighting the good fight. I'm down to discuss anything here so fire away! + +\-The fact that both Point72 Capital Advisors LLP AND Point72 Capital Advisors LLC. exist. WTF? sus right off the bat - any silverbacks have insight into why someone would need to incorporate twice but slightly differently? + +[tons of businesses incorporate in Delaware, including subsidiaries of point72](https://bridgehouse.law/incorporate-in-delaware) + +\-not saying incorporating in a state with corporation-friendly laws is inherently sus, but I always found it amusing that [one address is home to over 200,000 shell companies!](https://freebeacon.com/issues/delaware-address-home-200000-shell-companies-including-hillary-clintons/) + +\-[Point72 showing 8-to-1 leverage in 2018](https://www.bloombergquint.com/business/cohen-point72-s-reveals-high-leverage-as-firm-recruits-new-money) + +\-Point72 was renamed to Point72 very recently, it was formerly known as SAC Capital Advisors LP (yes, I believe that is different from the LLC and LLP above, so it's actually 3 identically named entities. don't tell me it's not sketch as hell!) + +Dirt follows in a lovely assortment of links: [https://www.usatoday.com/story/money/2016/12/01/cohen-sac-capital-reach-135m-insider-trading-settlement/94726306/](https://www.usatoday.com/story/money/2016/12/01/cohen-sac-capital-reach-135m-insider-trading-settlement/94726306/) + +[https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-guilty-plea-agreement-sac-capital-management-companies](https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-guilty-plea-agreement-sac-capital-management-companies) + +[https://www.usatoday.com/story/money/business/2014/09/08/martoma-sentencing-insider-trading/15148411/](https://www.usatoday.com/story/money/business/2014/09/08/martoma-sentencing-insider-trading/15148411/) + +[https://www.sec.gov/litigation/admin/2015/ia-4287.pdf](https://www.sec.gov/litigation/admin/2015/ia-4287.pdf) <- I'm posting this less in reference to the actual filing contents, and more what it reveals about the extent of Point72/Cohen's tendrils by confirming the existence of his companies: + +\-S.A.C. Capital Advisors, L.P. + +\-S.A.C. Capital Advisors, LLC + +\-72 Credit Management LLC + +\-S.A.C. Private Equity GP, L.P. + +\-Point72 Asia (Hong Kong) Limited + +\-Point72 Asia (North Asia) Limited + +\-Point72 Asia (Singapore) Limited + +\-S.A.C. Global Investors, LLP + +\-CR Intrinsic Investors, LLC + +\-[Sigma Capital Management](https://www.insidermonkey.com/hedge-fund/sigma+capital+management/207/), a subsidiary of S.A.C. Capital Advisors + +we need more wrinkle brains and data combers looking straight at Point72, PRONTO. Citadel is a business worth about 26 Billion, Steve Cohen personally controls over 11 billion and -as you can see from above- has an *international* presence in financial markets. + +\-[https://www.sec.gov/divisions/enforce/claims/cr-intrinsic-investors.htm](https://www.sec.gov/divisions/enforce/claims/cr-intrinsic-investors.htm) CR Intrinsic Investors LLC - the guy who got 9 years (Martoma Sentencing link above) was also a portfolio manager at CRII, and here they are in an insider trading suit + +[https://www.marketswiki.com/wiki/SAC\_Capital\_Advisors\_LP](https://www.marketswiki.com/wiki/SAC_Capital_Advisors_LP) <- on marketswiki, CR Intrinsic Investors is listed under "products and services" for SAC Capital Advisors LP + +I know everyone associates Cohen with the BIG suit that barred him from trading, but dear lord the extent by which his affiliates and subsidiaries have continued to do these things is ASTOUNDING. Let me know what y'all think, I think Stevey boy here has a *lot* of capital and a lot of presence to get up to his seemingly usual tomfoolery. + +Don't forget, he [assisted in the Smellvin bailout](https://clutchpoints.com/mets-owner-steve-cohen-bails-out-melvin-capital-amid-gamestop-reddit-stock-fiasco/), albeit to a lesser degree than shitadel. Ok will check back soon - obligatory *end the fed* + +OOOOK OOOK OOOOOK got some navy blue crayon soup for dinner tonight!!! +Just wanted to say, thank you to everybody who has helped me, between this sub, to randoms talking to me in YouTube comments on crypto videos, to the smart hodlers on slack. + +I work 2 jobs, I'm 16 years old, oldest of 7 kids living with my single mom. She's been worried about our financial situations lately and it makes me happy to know that if some shit happens, I've got a fair bit of money to help us out. I know $2,000 in gains is nothing to some people here. But I've only been able to put $500 or so into ETH so it's pretty big for me. Wish I'd gotten more lower, tried getting a personal loan from some friends. Nobody could manage it. I kick myself every day for not having more invested into ETH, but we can't all be millionaires😂 + +Again, thank you to everybody at r/ETHtrader for being amazing. You guys truly are an amazing community. Keep inspiring more people guys. Make your millions!! + +- Riley + Why are the majority of people here and on other forums calling Trading 212 shady, a scum etc..and urging people to avoid them and switch to a "legit" broker like Interactive brokers or Degiro? Has there been anything suspicious about T212? I like the platform and it has all the ETFs I want to buy and hold long term, but the reputation does not seem to be so good. Are we safe on this platform and is it a good place to hold your entire retirement funds which could be worth millions in some cases? Personally I get affected by this sentement and although I really like the app, the interface, the zero commisions, and pretty much everything(except from the fact that it doesnt support in specie transfers yet), Im thinking of switching to something else like Interactive brokers which I really do not like the interface, just to be "safe". What's your opinion? +At the end of the day, the MOASS is a negotiation. You have a buyer on one end, and a seller on the other where a price will be determined to exchange a share(s) of GME stock. + +I have been part of the ape community since February and I haven’t posted, mainly because I wanted to fully understand what was happening. As the squeeze gets closer, I felt it was important to provide some negotiation principles based on my personal experiences as a negotiator. + +I was in a professional workshop many years ago and the instructor setup “mock” negotiations throughout the training. The final exercise was a one-on-one negotiation where one individual was a buyer who needed a rare diamond, and the other party was the seller who had the rare diamond (what irony!). The instructor sends you off with the instructions “if you don’t come back with a deal, you are disqualified”. + +What makes this an effective exercise is the instructions purposely omitted a “price” constraint, so this forced you to effectively negotiate on the basis of the value YOU placed on the diamond. As the various participants came back from this exercise, the deals reached shined a HUGE light on who was best at accessing value. You had individuals who settled on a price of $50 dollars, and others who came back selling the diamond for $50bn. How does that happen? It is because the savvy sellers knew they had the upper hand because they owned the only diamond the buyer needed and made sure they valued their diamond based on this knowledge. Plus, the pressure of "if you don’t come back with a deal, you are disqualified" provided the necessary time constraint to force the negotiation. + +Ok….great…..now let’s bring this back to GME and how to negotiate. + +**Develop your Plan** + +It is critical to create a plan ahead for any type of negotiation. The benefits of understanding how you plan to deal with uncertainty while you have a clear head makes it easier when you get into the heat of the moment when actively negotiating with the other party. This is the time to get your head wrapped around what you will do and determine your target selling price. + +So how do I create a plan? + +**What’s on their sheet of paper, who has the power?** + +The concept here is understanding what the hedgies have on their sheet of paper for this negotiation. This is where the amazing DD over the past several months has helped inform the hedgies sheet of paper. + +*What is known:* + +They have a ton of IOU’s they need to pay back, time is not on their side, they are losing money by the day, and there are regulation changes happening that are not in their favor. Moreover, they have to purchase shares regardless of price because if they do not, the liquidation process begins and it happens anyways. + +*What is on your sheet of paper:* + +It is important to know what is on your sheet of paper. I believe the hedgies know yours, and have tested their assumption multiple times over the past few months with their various tactics (RIP paper hands). + +As you look at a macro-level, the apes sheet of paper looks good. The chances of GameStop failing as a business is unlikely given the recent changes in leadership/strategy/balance sheet, the recent trading volume is showing no one is selling, and it is likely retail owns a significant share of the float (if not more). I would say the weakest area is millions of shares spread across hundreds of thousands of people, so the apes strong together concept is quite obvious here. + +However, I do want to acknowledge those who over-leveraged themselves financially, this isn’t a good position to be in. This is where paper hands can creep into the negotiation which could dilute your ability to power through the emotional roller coaster of this negotiation. If your livelihood is at risk, you will make more emotional decisions…I will cover this more in a bit. + +**Know your value** + +As the DD will tell you, the owners of GME shares have a valuable asset needed by the other side. It is so valuable, it can command any price as long as this asset is hard to come by when it is time for the buyer to purchase these assets. This is the concept of HODL, the longer these shares are not available for sale, the higher the price can climb. It is important in this negotiation to understand the value only increases as time goes by, especially when you know what’s on the buyer’s sheet of paper (see above). + +**Raise the Bar** + +As I have been following this community for several months, I am impressed with this principle being displayed loud and clear. It is important in a negotiation to “raise the bar”, meaning, don’t settle for your target, raise it. If you follow the progression of this squeeze, it is apparent many would have been fine with a $1k share price. However, the power of information has “raised the bar”, and there is confidence the share price can reach unfathomable numbers. If you see me in a negotiation, I will commonly say "do better!", this is exactly what I am talking about. + +**Control your Emotions** + +For most apes, this will be the highest-stake negotiation ever experienced in your life (including myself). It will test your emotions and ability to make sound data driven decisions during a chaotic moment in time. The point in creating a plan is to best prepare yourself for the critical time in the negotiation so you do not make a mistake, or worse, not know what you should be doing in the first place. + +Keep calm, stick to your plan, and trust those in the long position (holders of GME shares) understand the value at stake. + +There has been plenty of posts on figuring out your exit strategy and what is best for you. I couldn’t agree more. However, it is important to understand the seller is in the power position for this negotiation. The longer the sellers can HODL, the higher the price will go. + +**Pulling it all together** + +If you have gotten this far, you should have a sense of how to construct your plan + +1. I know what is on the buyers sheet of paper (the DD will give you this answer) +2. I understand the value of my shares (Valuable AF) +3. I need to raise the bar on this negotiation (Know your target price, then raise it) +4. I am confident in my plan and will not let emotions derail me (Prepare, prepare, prepare) + +I hope this gives you crayon eaters something to think about. There is enough information in this sub to know you are in a power position for the negotiation. It is time to prepare for it and know how to win. + +**TLDR** + +The seller has the power position in this MOASS negotiation. It is the seller who will determine the eventual price of the stock when it reaches the point of value they feel is fair to sell. + +HODL, know the value of your share(s), and prepare your emotions for the highest-stake negotiation of your lifetime +Hi folks, + +I don't post that often, primarily because not much changes in the day-to-day that alters my long-term thinking. + +In December, I had posted this, saying the we had likely reached the bottom, although we'd need to wait for confirmation. + +https://www.reddit.com/r/ethtrader/comments/a7mk1h/how_to_spot_market_highs_and_lows_and_why_now_may/ + +At that time, it did not appear to me that we'd likely ever see again $85 for ETH and $3,200 for BTC. It appears even less likely now. + +This seems to be the general consensus eg: +https://twitter.com/krugermacro/status/1111658219905138688 + +The bear market is officially over. It ended in December, precisely one year after it began. A convincing move above $4,200 for BTC should dissuade the remaining bears who think a Lower Low is yet possible. + +Most everyone here is waiting for the next move up. Some folks such as ScienceGuy believe it could come in April. My view remains unchanged. The consolidation period (and by that, I mean a range of 25%~80% from the low $3,200 for BTC) will last until July or August. + +Whatever you believe: now is probably the best possible time to buy into the present bull cycle. If you DCA, you'll be pleased with yourself in one year from now, even more so later. + +*** + +I have some other thoughts on asset allocation ie what percentage of your holdings should be held in crypto? Most people say 10% ... I think my tolerance for risk is changing. If we're at the beginnings of the next bull cycle for crypto, and if other options for investing in technology are richly valued (eg the coming Uber IPO, FAANG), and if you think a bear market for equities is coming, then it might make sense to reconsider this allocation. The risk-reward ratio is quite compelling. + +*** + +BEAM - Bitcoin, Ethereum, Auger, Maker. These are the blue chip cyrpto holdings for the next 20 years. +Of all the important lessons trading forex has taught me it's that 99% of trading is waiting for setups to form and 1% is actually opening positions. I used to feel like if I wasn't in a position I wasn't being productive. + +This kind of mentality would cause me to chase the market and over trade. I feel this is the most important lesson for any new trader. You don't need to be in a trade all the time to make money. As the old saying goes, quality over quantity. +It took me some time to realize this, but after DevCon 4 and Vitalik and team confirming that 2.0 is close, I can't help but feel that ETH should be THE safe play in crypto for when everything begins to reverse. A few reasons: + +&#x200B; + +1. It's fallen far harder than BTC and done the golden 84% retrace from ATH. +2. It's one of the main tokens that'll be offered with Bakkt and Fidelity trading desks. +3. The ETH/BTC ratio has never been this low for the past two years. Converting BTC to ETH now means you're getting it at the best deal anyone's seen since the beginning of 2017. +4. The main source of fud being their scaling issues, which I did find to be legitimate, looks like it will be fixed around when things are getting back into full swing. +5. If BTC returns to 20k, ETH will at least be heading back to 1k just on principle of the entire market being bullish and keeping its place on CMC. +6. The name brand at this point, does seem like it'll be enough to carry it until 2.0 releases, at which point there will be no competition. +7. Can you imagine, that if institutions are truly putting funds into crypto, the amount of FOMO that'll happen with Proof of Stake is active? Not only do you have the future world computer, but you have automatic interest on that investment. + +In this bear market I've been in and out of different alts, but just now I realized that if I want to stop risking my ass, I should just throw the rest into ETH and sit on my hands, especially since it looks like we've entered the flat market, with no clear trend. + +&#x200B; + +Thoughts or anything to add? +**TL;DR: Buy stuff from Gamestop before this Saturday and get HYPEEEEEEEE** + +Most apes that have been around for at least a few months should remember the transition GME made from the Russell 2000 to the Russell 1000. There was a lot of speculation that this could drive a price increase due to ETFs and pension funds that track this index buying up GME. In the end not too much happened because, it seems, not that many funds or ETFs track the Russell 1000. + +**Now a much bigger move is on the table, and it could happen quite soon.** + +The S&P500 is one of the most followed stock indices in the world. If GME were added to this index it would result in a massive amount of buying pressure - something that **will almost certainly drive a share price increase and could very well lead to liftoff (MOASS).** + +Let's take a look at the criteria to be included in the S&P500 and whether GME meets these requirements. + +1. Must be a US domiciled company ✅ + + +2. Must be publicly listed on the NYSE or NASDAQ ✅ + + +3. Must be a corporation (as opposed to other types of entity/structure e.g. a limited partnership) that has issued only one class of common stock. ✅ N.B. a few select companies e.g. Berkshire Hathaway were given a special exemption from this rule. Money talks 😉 + + +4. Must have an unadjusted market cap of at least $13.1b ✅ E2a: From what I can see, the latest figure for GME shares outstanding is approx 76.82m which means if our share price is above $170.53 we meet this requirement. + + +5. The stock must be highly liquid. Using composite pricing and volume, the ratio of annual dollar value traded (defined as average closing price multiplied by historical volume over the last 365 calendar days) to float-adjusted market capitalization should be at least 1.00, and the stock should trade a minimum of 250,000 shares in each of the six months leading up to the evaluation date. ✅ **NB: we have absolutely smashed this requirement due to the high volumes seen over the past 6 months, even the relatively low volume the past few weeks still meets the requirement.** + + +6. The company must be viable/profitable. The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter. ❌ + +As you can see GME meets all but one criteria. GME's last three quarterly earnings (income) were -$18.8m for Q3 2020, +$80.5m Q4 2020, and -$66.8m Q1 2021. The aggregate of these is-$5.1m so if the company posts income of over +$5.1m then the stock will be eligible for inclusion in the S&P500. Note also earnings per share were -$0.45, +$1.34 and -$0.53. The aggregate of these is +$0.36. + +**Gamestop's quarter 2 ends on Saturday July 31st - so go and shop in your favourite store before that date!** + +GME's next quarterly earnings report will be released on September 9th 2021. The next S&P500 rebalance after that date is on September 20th 2021. + +So it looks like we're all set right? Not quite. There is one final hurdle and that is the S&P500 selection committee. Unlike the Russell indices which are purely rule based, the S&P500 has an index committee who can use their discretion when deciding which companies should be included in the index at each rebalancing date. They try to ensure each sector of the economy gets represented in the 500. GME is in the "consumer discretionary" GICS sector - sub-industry sector is "computer & electronics retail". There are 63 "consumer discretionary" companies in the 500 and only one is in the same sub-industry - Best Buy (those guys suck). + +They also try to avoid a high rate of turnover in the index - this means they try to avoid a situation where a company keeps entering and dropping out of the index at each rebalanced due to things like variations in market cap or quarterly earnings. 🚨Conjecture alert🚨 because GME has blown way past the market cap of some of the smaller companies in the index I don't think this will be an issue. + +The only things that could realistically prevent GME from entering the S&P500 soon are: + +1. Failing to post a profit this quarter/next quarter +2. Corruption on the selection committee (every man has his price) +3. The committee believes the stock is not going to hold its current value over the long term - there is no actual rule around this but the intent to reduce volatility/turnover on the index could be held out as the reason here. + +I think it is very, very likely that if the company can post a profit this quarter, it will be included in the S&P500 shortly afterwards. Our company has been in this index before and it's about damn time it returns!! + +It's certainly possible that this doesn't happen for us in September for one of the reasons noted above, but the S&P500 is rebalanced every quarter. If not this time around, then GME will surely get there soon. Have faith in the company and its potential! + +Onwards and upwards 🚀🚀🚀🚀 + +🦍🦍💪🏼 +💎🤲🏻💎 + +Source for these requirements: +https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf + +Edit: credit to /u/fortus_gaming for pointing out to that news broke yesterday that GME is moving up from the S&P smallcap 600 to the S&P midcap 400! For obvious reasons this is bullish AF! + +https://www.streetinsider.com/dr/news.php?id=18728357 + +EDIT2: a lot of people are bringing up the fact that **Tesla** was denied entry to the S&P500 before. This was because they failed on the 6th requirement. While the company was profitable overall, the business was not seen as viable, because at the time, they were making a loss on their core business (manufacture and sales of cars) but were selling their excess carbon credits to other auto manufacturers which made them a profit. **This is the sole reason cited for Tesla's delayed entry into the S&P500.** +So I’m a single guy renting a room. I’ve been saving for a house deposit and just generally saving for years. + +Right now I save: + +£700 in a deposit (currently at £41,746 in a 2.72% monthly account.) + +£160-200 in what I call fun money (currently at £10,070 in a 2.72% monthly account, seem to be bad at having fun with this money 😅) + +£90 into an emergency account (currently at £1500) + +I make £2160 after tax and pay £545 in rent. + +I realise I’m very lucky to be able to save when many can’t but I wonder am I over saving and not enjoying life. I don’t really know when to call it a day on home saving. Especially as rates and bills have hit such a height. + +I’m in my early thirties fyi. + +***Thanks for all the messages and going out of your way to give free advice :)*** +* 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/) +FONAR Corporation is a seller and servicer of MRI scanners. Their subsidiary, Health Management Company of America (HMCA), offers a variety of services to healthcare facilities such as staffing, billing, maintenance, and IT. + +FONAR has experienced steady earnings growth over the last decade, great cash flow, but their stock price has been slowly and steadily decreasing since 2018. + +A recent acquisition of a new facility by their subsidiary, Health Management Company of America, has brought their total number of serviceable MRI scanners from 33 to 39 and will increase their number of patients (I'm not sure by how much though). + +HMCA's operations has accounted for about 80% of FONR's revenue, so this acquisition should increase revenue growth significantly. + +Thoughts? + +Edit: Also, their tangible book value per share is about 33% above their current share price. +A little background ... So I used to work for AT&T back in 2018... it was a great time and everything was nice. however, that was short lived. The company started to make drastic changes daily as well as constant product changes. On top of that they were closing stores like candy. My personal opinion ... AT&T wants to be Apple. However, nobody likes AT&T, they do not have a cult that follows them and they havn't done anything "innovational" in decades. Almost, every purchase/merger/new product they have came out with in the last 5 years has failed. all their new products pass the cost on to the consumer as they have their sales people tell them its going to save them money (until they see their first bill) the company has gone to complete shit and I believe that this lawsuit ([https://www.theverge.com/2021/3/5/22316163/sec-att-nonpublic-information-analysts-beat-quarterly-estimates](https://www.theverge.com/2021/3/5/22316163/sec-att-nonpublic-information-analysts-beat-quarterly-estimates)) is going to be the first of many. + +&#x200B; + +So what to do? I think this is going to be a huge money maker for PUT options. Even in the bullish of all markets AT&T failed to break an all time high as all its competitors did so. AT&T is dying and COVID just pushed it off the edge. They have so much debt and just keep going deeper and deeper into debt which is going to cause them to sell off many of the assets which is going to lower their revenue and lower growth over all. that are owned by corporate. Most locations are being switched to authorized retailers which if you don't know are kind of like franchises. However, AT&T has no quality control over these locations even though they will tell investors over and over that they do... However, as an insider, I will tell you what their control is... It comes in the form of credits. For ever 10 sales in an auth reatiler. 3 of them will be fraud. basically as their new business model will move forward I will say that they went with the decision to switch stores to auth retailers to lower cost and increase sales. (in the short-term this will seem good) however, in just one years time the truth will come out and they are going to release shocking results on losses basically making their Cellular rev worthless. This is bad because they are going to so much debt trying to expand to 5G. Their TV service is worthless. HBO max is substandard. Internet is the only thing that is good because fiber is so cheap right now. But they are not making money off it, They are just planning on getting everyone hooked on the price and probably just going to jack it up sometime this year. Not even to mention once 5G internet comes out (verzion and Tmobile). AT&T has once again missed this opp. So where is their rev going to come from in 2022? no idea, there is no growth left in the company and with all their debt they are worthless. Anyone with a brain would leave this telcom service +https://www.ft.com/content/93a5926b-792f-4e20-91a6-4eb3afb66e9c + +>PwC has resigned as auditor of fashion retailer Boohoo on concerns about the risks of continuing to work for the online group, which is under scrutiny for suppliers paying workers below the minimum wage. Two people familiar with the matter said PwC, auditor since before the company went public in 2014, had resigned within the last month. + +This story just keeps on running. +Looks like no deal, tier 4, flight bans... Its going to be a rough Monday, those of us with cash how will we take advantage? + +UPDATE: Beautiful responses team, I wish you all to update us tomorrow on what you did +Looks like no deal, tier 4, flight bans... Its going to be a rough Monday, those of us with cash how will we take advantage? + +UPDATE: Beautiful responses team, I wish you all to update us tomorrow on what you did +Holy hell guys, I think we need to have a real conversation about risk management. I see a lot of posts like "I need to switch to thetagang and start making money!" Or some variation on this. Here's the thing: + +Switching from buying to selling options, or rather from theta-negative to theta-positive trades, on it's own, is not enough to stop losing money. In fact, yolo-ing as an option seller can be even more disastrous than as a buyer (oh you thought you could only lose as much money as you put in? that's adorable) + +I think the real key that makes thetagang successful is that we tend to be very methodical, strategic, and deliberate about trading. It's all just risk management, in other words. I think if you primarily bought options (or otherwise traded with a negative-theta portfolio) with the same amount of strategy, consideration, and risk management, you'd probably do just fine. It's a different approach, that's all. + +There's a lot to say on this subject but here's a couple key points for risk management success in my opinion: + +1. TRADE SMALL. We parrot this all over the place, everyone says it. But do you really trade small? What's "small" anyway? Think about having a maximum buying power reduction for a trade of maybe 5% for a small account, reducing as your account grows down to like 1% or less for a thiccboi account. So yes, if you've got $10K, you should really only have $500 in BPR per trade. So what does that look like? Well, it COULD be trading $5-wide vertical spreads, or $500 worth of calendar spread debit per trade, or whatever. OR, you could sell naked puts/calls with a buying power requirement of $500. That does \*not\* mean wheel $5 stocks. $5 stocks suck, mostly. Margin requirements are low for non-volatile non-meme stocks. For instance, selling the Feb19 $28 put on T right now requires $500. The damn thing barely moves. It's not sexy, but it's safe. Another word on this - trade less contracts, not more. Dumping $2K into a shitload of $1-wide vertical spreads expiring in a week is essentially a binary bet, and I don't care if you disagree. That spread will either be on or off and you can be out that whole $2K you set aside. There's not much in between for such a narrow spread, your two options basically have the same greeks and the whole thing is super binary. If $2K is the right amount of risk for you, widen that spread out! It's been beaten to death here and elsewhere why fewer wider spreads are better so enough said on that. Dumping a ton of money into a 50-lot of the same thing is not diversified and is a bad plan. Particularly if those spreads are narrow. Last thing on this is - don't trade with 100% of your capital deployed at once. You won't be able to weather downturns very well, and you will have to liquidate stuff to jump into hot opportunities as they come up. Right now I'm around 50% deployed, but the exact number is a personal choice. +2. HEDGE YOURSELF. If you've got a pile of short puts on all the hot memes, and we get a 2-sigma down-move, you're toast. Sell some calls, sell call spreads, buy some VIX calls. Understand where your risk is! Do you have individual underlying directional risk? market directional risk? volatility risk? How should you hedge some of that? How and how much of it to hedge is up to you. Personally, I'm happy with a little positive beta-weighted portfolio delta right now, and I've got long VIX calls as a tail-risk hedge. Some folks sell lots of calls against the memes on the weekly, to hedge their directional risk from all the short puts. Whatever works for you, understand where your risk is and at least take that risk deliberately instead of unknowingly. +3. DIVERSIFY. Trade different sectors, expirations, product types (futures, metals, etfs, everything), and strategies. Don't know what strategies to trade besides the wheel? NO PROBLEM, learn em by doing research, then by paper trading a little, then start small. You don't want to be, for instance, long PLUG, FCEL, SPWR, and CSIQ exclusively. Green energy market takes a shit and you're toast. This comes back to the "don't trade a ton of the same contract at once" - diversify. Trade long and short, trade near and far, trade all over the place. Also, don't overlook diversifying your strategies. Right now my portfolio is a freakish hedge maze of calendar spreads, ratio spreads, diagonal spreads, short puts and calls, long puts and calls, and shares. Wtf, I thought thetagang = wheel only? No! Learn to trade the right strategy for the situation at hand. Example: I want to get short exposure on GME, but shorting shares is for suckers right now. And selling naked calls on GME right now is beyond my personal risk tolerance. So what do? Buy a somewhat OTM put expiring in a month. But that's expensive and not thetagang! Right, so I'm financing it by selling weekly puts further OTM against it. WTF? Diagonal spread. +4. BE CAREFUL TRADING MEMES. Look, I get it. The premium is so juicy, the pennies are so shiny and the steamroller is so far away. But goddamn, if you sell a $40 put on GME today, and next week it falls to $30, this should not shock you. For long term success you need to understand trading these high-flying, fundamentally shitty companies (no hate to my GME brethren) are HIGH RISK. So, trade them small, stay diversified, hedge as appropriate when trading memes. The wheel, in my opinion, is an awesome strategy when implemented on solid companies. What's a solid company? Something on the list of dividend aristocrats, for instance. A company you've heard of. A company whose products you actually use. Apple, Visa, Walmart, Disney. +5. HAVE A PLAN. BEFORE you enter any trade, know wtf you're going to do if the underlying goes up, down, or sideways, if volatility goes up, down, or sideways, and if any of the above happens immediately, soon, or slowly. You don't need to write down a six-page essay about it, just have a plan. Know how to manage the trade if its winning and if its losing. +6. TREAT THIS LIKE A BUSINESS. Know your numbers. What trades are making you money? Which ones are losing you money? Why are you spending money on losing trades? Should you allocate more to your best products (trade types)? Food for thought. If you aren't tracking your returns, capital in/out, sharpe ratio, trade success by type and underlying, etc., are you treating this as a game or a business? It's a business and a hobby for me. I love it, it's fun, but I'm here to make money. So I know my numbers. + +Anyone got more tips for risk management? Share em! Let's get the sub thinking about this. + +Edit: Forgot to add something about saving some cash on the side +I got tired of writing comments, so from here on I'll just reference this post or ignore the comment when users complain about highly upvoted charts and TA. + +**You're in a trading subreddit. TA is part of the bread and butter of this community. I don't understand what is with all the users complaining about chart analysis.** + +Is it perfect? Fuck no. Can it give you an advantage? Yes. + + If you want to complain about charts having "random lines" that have no meaning then politely go back over to /r/ethereum to get your news. Because any reasonable guess about where the price is going is going to involve where it has been and behaved in the past. + +I don't expect these types of comments to stop. I know a flood of new and inexperienced users means a lot of different opinions. But this is not WSB. This is not Stocktwits. This is not BTC. You're entitled to your opinion, but jesus just let the rest of us take advantage of the resource and quit trolling. Just ignore the post, fucking move on, and we'll all be good. /rant. + +edit: Wow, this really blew up. Regardless on where you stand on the subject, at least we're all aware that the community cares about this subject. +Growing up my dad was always a dedicated and diligent business man, but a private person. We always knew the broad facts about the businesses he ran, but were never in the loop about the particulars. This disconnect worsened when we moved to the United States in my early teens and dad kept looking after the businesses remotely, often traveling back and forth. We kept being taken care of but had little idea of how the businesses ran, the people involved and especially the numbers. + +That all changed recently when he sat me and my siblings down and opened the books. It was overwhelming. Everything came spilling out: multiple businesses we didn’t know existed, business partners we’ve never met, a trust made on our behalf we didn’t know anything about, lawyers, lawsuits, millions of dollars in foreign bank accounts, properties etc. It was a lot to take in, we also learned he doesn’t have a will or estate plan in place. + +He recently turned 65 and I think it dawned on him that he won’t be around forever. He grew up poor and has done an extraordinary job building all these businesses, but he has done little to prepare us to deal with them. We knew this would come up eventually but we were not prepared for the magnitude of activity he is involved in. + +My siblings aren’t super interested in the business, as the eldest it’s my responsibility to work with him to make a plan. + +I have my own income, career and plans to take care of but putting a plan in place to deal with this just became priority No 1. Also did I mention I live in Asia and he lives in the americas? Where do I begin? + +If anyone has a similar experience please let me know how you dealt with it. + +If anyone can help me find a book, format or document to think through and structure this information, that would also help. + +Thanks! +I know this seems scummy and looks bad etc but tbh I did work hard this year and even if my bonus isn’t that high(up to 10%) it would still be a bonus. + +From reading my contract as long as termination is after Dec 31st, any bonus I would have received is paid out to me. Interested to hear people’s thoughts. + + +Alternatively, I’d maybe resign anywhere from 15th - 20th. I have a 4 week notice period and have put in leave from 22nd to 9th. + +EDIT: +Thanks guys, general consensus seems to be this is a no brainer and I should definitely time my exit to include my bonus. +Developed a very stupid habit of getting things on loans and financing & credit cards and it got at its worst end of last year. + +Started tackling this debt hard. I only have this £5k remaining and this will be cleared by the end of July. + +I refuse to get into debt again. This has been difficult to pay off, made a lot of sacrifices, haven’t had a vacation in 3 years because of materialistic impulses I wanted to spend my money on. + +Barely treated myself to anything since Christmas, just threw money at the debt. + +The biggest part of this for me was the mental aspect, knowing I had so much debt and no one knows, felt embarrassed about it. But it’s almost gone and I can continue with my life again. + +I moved to the USA last month, and once this is all paid I can finally start to enjoy my life again. + +Thank you to this sub - you have all be incredibly helpful over the last 6-8 months. +I'm a 42 years old and making 90k a year within the IT field who is supporting elderly parents, with one parent fighting cancer. My career is at a dead end with no opportunities for growth due to my lack of a degree and I know that I will eventually become obsolete to employers. I'm thinking about going back to school full-time to either complete my bachelors degree or reinvent myself and pursue a field in aeronautical or automative engineering. + +I have no bills outside the standard monthly expenses such as utilities and insurance. No mortgage since the house is paid for. I have a little over 100k saved for this endeavor to cover tuition and living expense but I'm concerned about not having health insurance coverage or cash flow. I'm at a lost and not sure if my pursuit will be worth the ROI if I complete the degree? Would companies even hire someone at my age for an entry job or am I just having a middle life crisis? +Thanks to this sub I’ve embarked on hiring a travel advisor to help book vacations, a nutritionist to help with my diet, and a personal trainer to get in shape. Great uses of money to save time. + +However my clothes, hair, skin, and style are all still unarguably pre-FAT. I’ve spent most of my working life shopping at, say Banana Republic, and never had the time to venture much farther. Anyone have experience for how they used their newfound wealth to help their fashion sense and upgrade their look? How do I find someone to help with this? + +EDIT: Ideally would like to do this with relatively minimal time & effort. For example I could spend a lot of time reading fitness books and watching YouTube videos about the right form, but hiring a personal trainer sacrifices a little extra money for efficiency and an eye of extra appearance. + +Also, while I am financially independent, I still like to attend industry events, drop by at networking functions, do angel investing, etc, so would still like to keep up my appearance. +My family had bank managers steal hundreds of thousands of dollars while my great uncle was dying, and there is a huge lawsuit to (hopefully) remedy it.. I dont care if my grandma left me $1000 or $1000000 - I just dont want her money that she worked hard for to just disappear. She has lost most of her long term memory. And her WILL does not talk about it because in Brazil you can only leave $$$ to your next of kin(children or direct family). + +I know it sounds like im looking for money and those arent my intentions. Im not successful in anyway but, im financially independent so it doesn’t matter to me if its a small amount or it ends up being nothing, honestly.. Again its more to make sure that my grandma who lived through WW2 and was a single parent for over 50 years doesnt have her hard earned money disappear. + + +Thank you for any help ! + +*Edit* because someone mentioned to do this. + +I ran a credit report and nothing in my name that isnt supposed to be, and I have never received a 1099 like others have mentioned, if the fund was accruing interest. This could mean the fund is in her name with me as a beneficiary or as a second person on the account? + +Thank you to a few Brazil Lawyers who have reached out u/fodafoda mentioned that 50% must go to next of kin/spouse “herdeiros necessários “ while the other 50% can be distributed as she wishes, maybe the NY state mention was a red herring and it is in Brazil ? + +Thanks to u/Engineeringdude79 for pointing out that if it is in Brazil then her yearly tax report or her “declaração de imposto de renda” will have all her assets listed there. Since I haven’t received a 1099 or papers in my name about it. Seems like I may have been mistaken on the information ( or this could be a red herring as well). + +Unfortunately I leave Brazil tomorrow to return to work, so tomorrow I will go see if She doesnt mine to look at her papers or her yearly tax return - to get more leads. + +I cant believe how much this has blown up and Im going through everyones replies but, just wanted to shout out EVERYONE who posted with tips or info.. You guys&amp;gals ROCK , thank you so much! +Hello everyone, + +Over the last few months, I have been working on a UK student loan repayment calculator. My main motivation for creating this calculator, when so many already exist, is that all of the existing calculators I have come across are often lacking in a number of things. For instance, none of the existing ones let you factor in any extra monthly payments you might want to make to see how they affect the scale of your repayments. Furthermore, they often do not account for future changes in repayment thresholds and do not let you add future incomes to account for big jumps in income (after all, your salary does not tend to increase linearly). Existing calculators I have come across also only let you provide details for one loan, when some people might have two or three. And other smaller issues I have come across. + +The main aim of this tool is to ideally equip you with (almost) all information you might need to help you make a better and more informed decision around the repayment of your loan. + +I would love to hear any feedback around how useful this tool is and what changes I could make to make it even more beneficial for everyone. + +Alongside the calculator on the home page, there is also a **Student Loans Explained** page which covers some more in-depth examples to try and get across the scale of repayments depending on your income in an easy-to-understand manner. + +You can find the tool at: [http://yourslrc.co.uk/](http://yourslrc.co.uk/) + +It is still being worked on and I have a list of things I would still like to add, but it is already at a stage where I think it can start benefitting people. + +Thanks for checking it out! + +# EDIT: You can adjust both the income and repayment threshold annual growth under 'Show Advanced Options' + +# If you have more than one loan, you can add them by clicking on 'Include Another Loan' +Absolute panic every second or third post. Everything from "It's just a dip" - "bear market/crypto winter" - "Everything but Bitcoin and Ethereum is going to zero". Lol calm down. + +If you're sweating, just sell everything. Cryptocurrencies in general are extremely volatile and if this makes you nervous than maybe this stuff isn't for you. Stocks are more stable and might be your thing. We could see another 50%+ drop and nobody wants to see you drop of a heart attack because of it. + +If you're day trading you know this is how it goes, if you're doing anything else, delete your chart app or whatever. +Hey Everyone. + +Don't let this scare continue to hurt your investments. Right now the stock is trading at 67.52. 4.4% Dividend, not including the recent announced increase. + +Right before the Covid-19 crisis, they had quarterly earnings of roughly 410 million, estimated 1.4 Billion year over year. That was when they were trading around the upper 70s. + +Now they are seeing almost 500 million in quarterly earnings, trading in the mid 60s still due to the Omicron news. + +Their market cap currently is about the same due to diluted shares. But is still a strong buy until the market cap is 15% above pre-covid levels. + +Long Live O, the most orgasmic stock ever. + +Sources: + +[https://www.macrotrends.net/stocks/charts/O/realty-income/market-cap](https://www.macrotrends.net/stocks/charts/O/realty-income/market-cap) + +[https://www.macrotrends.net/stocks/charts/O/realty-income/revenue](https://www.macrotrends.net/stocks/charts/O/realty-income/revenue) +Throwaway for obvious reasons. + +My father recently passed, and I’m left with a ton of money I don’t know what to do with and am scared to lose. I searched for the windfall post that I thought was on one of the FIRE and personal finance subs, but I couldn’t find them. + +I have no idea what to do or how to handle this situation. I am terrified of being taken advantage of. I’m still grieving (particularly hard given that we haven’t been able to have a funeral or be near loved ones because of covid restrictions). + +**I Know this sub cannot offer professional advice, but you guys are far more used to these sums of money, and I am so out of my depth, any suggestions are appreciated.** + +I feel like an idiot. I knew some of this was coming but I was terrified of both the amount of money and responsibility of it all. I should have done this planning earlier along with my dad, but it’s too late now. We started to go over certain things, but neither he nor I were able to face all of it given the implications of his mortality. +I am now responsible for all of my inheritance as well as my now elderly mother’s finances and health expenses, and am completely lost. *I hate myself for not preparing more sooner.* He was ill, but his death happened suddenly and far earlier than anyone expected. + +My biggest fear is losing the security offered by the money, because aside for being responsible for my mom, I am also borderline disabled already (healthy enough that I don’t qualify for disability, but bad enough that I’m on continuous care, have had health related employment gaps, and have high risk factors for total disability in the future). + +I don’t know who to ask or where to turn to even start to make a plan for my mother or myself (single, no kids). + +Getting all the paperwork re: the death is a slow process, and I’m still working on it… between various offices being slow if not totally closed due to corvid as well as local protests, it’s taken way longer than expected (getting the death certificate alone took over two weeks). + +No one outside of the accountant, the estate lawyer and MAYBE my dad’s best friend (they sold a business they had together many years ago) have any idea how much money he had, and I intend to keep it this way. + +I grew up lower- to middle class, and while my parents earned the majority of their money after I left the house, the upgrade to their lifestyle wasn’t much/very obvious, and their habits stayed the same. My habits are the same as theirs… zero debt, live in a relatively cheap rental, and save what I can (not a high earner to begin with, but covid-unemployed). + +My mother has plenty of money, the total family net worth appears to be in the mid seven figures before life insurance kicks in. Regular household bills are sorted (car, utilities, insurance, food, credit card, etc.), no issues paying for regular expenses out of their joint accounts. + +From what I’ve gathered so far, I am expected to inherit: + +* just over 1M in life insurance to me alone (policy was worth more, but there are other beneficiaries) +* 1.8 M in a trust (800K of which is in a money market account, the rest are in a managed stock account, I will have full control of everything once the full paperwork goes through) +* A residence that is on the market, it should net around 500K once it’s sold. It was on the market while he was still alive, he had purchased and another property that is paid off in full (M-HCOL area). I hate the realtor, my father had said she was acting unprofessionally before she passed, and the listing sucks IMO, and am looking for a new one. That said, I have no idea how to pick one. +* I'm unsure about how much is in the IRA currently, but know will be divided in two, and from the little I’ve read into it, I will be required to take distribution because I’m in my 30s. +* a non-tax advantaged investment portfolio that I have no idea how much is worth (I have not been able to get any info on that yet) +* 15K in straight up cash (I have this and feel so weird about having this amount of physical currency sitting around unprotected). +* 25K expected to come in for consulting work my dad completed a few months before passing, but the company suspended payments due to Covid. I don’t even know how that’s going to happen… it’s technically owed to the LLC that I now own jointly with my mother, but IDK how to collect. + +In addition to this there is also + +* properties in our EU hometown; a duplex which is rented for for a pittance and the “family home” which is totally uninhabited (Parents planned to retire there before life got in the way). The other is a run down property on a piece of land. He had a family friend (an accountant by trade) managing all the finances, taxes, and paperwork there. I don’t know anything about handling the paperwork or the maintenance, and I cannot get back there to deal with this now anyway because of travel restrictions. I have a basic relationship with her, but she’s also in her 60s at this point, so I will have to figure out something for as well. These properties aren’t worth that much money, they are rural and the value is probably 150K *in total*. I would never want to live there again, because it’s a small town that is empty with no opportunity and many properties for sale. +* eventually, something like 500K Euro in cash + bonds (this will take years to sort out, no fucking clue where to start with that aside from going into the bank office that holds them for us). + + +The US estate lawyer who set up the will and trust, has not been very communicative with me. I’ve called his office four times and have gotten a call back once. I don’t know how much of this is due to the offices being closed to Covid and how much is him dropping the ball and me not being demanding enough. + +The accountant has been open and we've communicated a few times, but I don’t understand half of what he’s told me. It’s so much information (personal stuff, legal stuff, international stuff). I don’t even know what I’m supposed to be asking. Or how any of this inheritance affects my taxes (and if I should move my residence to my mother’s home given much lower local taxes compared to my current residence). + +I have no idea what to do about my mom’s social security… my dad worked in the US for most of his life, contributing for years, and IDK if she would qualify for anything (she is on Medicare, is a US citizen too fwiw). + +I know I do not like the Investing/money Management team they have. I want to move everything to Vanguard, because I see they are charging fees, and they have been rude to me on more than one occasion. I have a little bit of money in vanguard (an embarrassingly low amount for this sub’s usual… around 100K spread in pure investment and Roth IRA). + +Same with the banks. I get way better treatment, and get way more service having far less money at my bank than at the local bank or national bank where my parents have their accounts. + +I am looking for a job for myself right now as well but that’s not going well… aside from the money, I am concerned about having continuous and decent health insurance as well as a purpose, because it’s obvious I’m also sliding into a deep depression (yes, I am seeing someone about this, and I did bring up that I feel guilty for receiving all of this money not having earned it). + +If you’ve come this far, thank you, apologies for the typos, and I appreciate any suggestions. +If you have a good relationship, please call your parents, tell them you love them, and hug them if you are able to right now. +Money is being moved out quickly and swapped. Messages sent in eth domains from the hackers. There is an update for all the apps as well. + +The important thing is that you do not update the app. None of the fTX related apps. + +It's in your interest to delete them and be very cautious. + +People's balances are being deleted and some big things are happening. No clue how this will end or where this originated from. It might be an inside job or a state actor. Who knows. Aspects of this hack are sloppy and other parts are very planned out. + +So again DO NOT UPDATE FTX APPS!!!!!! You might lose a lot more! + + +Edit: id also recommend people monitor any connected bank accounts or debit/credit cards for the next few months. And use credit karma to make sure no new cc have opened under your name. We don't know what customer data was stollen. + +edit: UPDATE. My bank account has been accessed by FTX using Plaid today. Please please remove FTX from accessing your account https://twitter.com/mikemcg0/status/1591477400634023938 + +I was able to remove access by going into my chase app +This is if it happened today, and let's forget about taxes for the sake of the scenario. This might seem like a useless fantasy whose answers really just reveal how close you are to FIRE, but I'm also curious as to how you would allocate the money. + **Fly comfortably with Aerdrop** ✈️🚀🌝🔥 + +Aerdrop just might be the next HUGE BSC project, we’re talking hundreds of millions / billions in market cap potential. The dev team are currently working on a bespoke platform (Aerstation) that they envisage becoming a launchpad and ad platform for new defi projects in the crypto space. Holders of $AER will earn a ROI on ads and access to new partner coins JUST for holding AERDROP. + +**What is the vision??** 👀 🛣 + +You’re an inquisitive little bear aren’t you, let me explain. + +Aerdrops view on the crypto space currently is that there are 2 huge problems: 1) risk of rug pulls in new projects, with people falling victims of scams on an almost daily basis and 2) many projects failing as they are unable to build a user base that is large, loyal and sustainable. + +**How will Aerdrop solve these problems?**💡 ✅ + +Now we’re talking, here is the juicy stuff. + +Aerdrop will partner with new coins launching in to the BSC space, support them through launch, offer credibility by verifying the legitimacy of their project AND offer instant exposure to their large existing community of passionate hodlers. + +AER holders will receive a share of the 3rd party coins via AERdrops, which will be weighted relative to their AER holdings AND will be given the opportunity to become long term investors in a wide variety of exciting crypto projects from launch. + +This is a win / win situation, the partner coin gets instant credibility for their project, cross marketing opportunities and access to a large pool of crypto savvy investors. AER holders get early access to promising crypto projects at the ground level, FREE AERdropped coins AND the opportunity to choose to be part of many new community projects as they grow!! + +Think KICKSTARTER for crypto. + +The best part?! Two partnerships are already confirmed and a number of additional negotiations are ongoing, first 3rd party AERdrops are planned from June!! One partner has committed to providing $10-15k of tokens to Aerdrop holders on launch. Current partner projects are linked below. + +Draft NFT - [https://www.draftabletoken.com/](https://www.draftabletoken.com/) + +HUP.Life - [https://www.hup.life](https://www.hup.life/) + +**Ok this sounds amazing, any other good news?!** 📰 👌 + +Great question my young padawan, I’m glad you asked it. + +The good news on this one is that the vast majority of positive catalysts for this project haven’t even happened yet. + +1. CG / CMC listings - ✅ Applied for 10 days ago and in progress +2. Audit - ✅ Ongoing +3. Detailed white paper - ✅ Being worked on, initial skeleton document released on the website yesterday!! Link below +4. Community AMA and dev doxxing - ✅ Being planned by the team for a market cap milestone, when the project is more stable and the marketing benefit would be most powerful +5. Future AERdrops - ✅ Planned for 5k and 10k holders, plus on launch of partner projects +6. Aerstation platform - ✅ Bespoke platform currently under construction +7. Exchange listings - ✅ Discussions with various exchanges ongoing +8. Coin partnerships via Aerstation - ✅ Gives the project genuine long term utility and use case + +The best news of all is that the market cap of this project is currently only just over $4m!! + +Look at the recent cycle of hype coins and their market cap evolution. Many have reached hundreds of millions in market cap before hodlers start to wonder, why are we holding this? What is it for? Fear not with Aerdrop as that is just when Aerstation will be announcing tons of partnerships with other new defi projects, where holders will get a share in these new coins just for holding AER, a true genuine long term use case. + +**You’ve got me!! Sounds great, where can I find out more??** 🙋‍♂️🙋‍♀️ ℹ️ + +Great to have you with us, we truly believe we have a special project here. See the most important stuff to get you started below. Check out the telegram community most of all, it’s one of the best around no doubt!! + +📄 Website including white paper: [https://aerdrop.finance](https://aerdrop.finance/) + +🔗 Telegram: [https://www.t.me/aerdropofficial](https://www.t.me/aerdropofficial) + +📈 Chart: [https://charts.bogged.finance/?token=0x1a6C2c3c52cd3CC21DB2b8f2B331ca9c4780F1Ee](https://charts.bogged.finance/?token=0x1a6C2c3c52cd3CC21DB2b8f2B331ca9c4780F1Ee) +This is the list I wish I could find when I started out, it would have saved me a lot of money and time. + +**S Tier:** + +[Benjamin Cowen](https://www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg): Best at Macro and long term Technical Analysis, Always a calm head in this crazy market, his favorite saying is "what's a few trillions among friends" + +[JRNY Crypto](https://www.youtube.com/channel/UC188KLMYLLGqVJZdYq7mYFw): Best channel for MID cap coins, he consistently made good calls, most coins he shilled went up and stayed up (he doesn't dump on his followers), but even him couldn't help LTC :/ + +[Coin Bureau](https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw): Best educational Crypto channel, if I put him in a lower tier this sub will assassinate me (he is also not a financial advisor as he will let you know in literally every video) + +[InvestAnswers](https://www.youtube.com/c/InvestAnswers/videos): Added by popular demand, he has a deep understanding of Math and the stock market which he tries to translate into the crypto market + +&#x200B; + +**A Tier:** + +[Digital Assets News](https://www.youtube.com/channel/UCJgHxpqfhWEEjYH9cLXqhIQ): Had some great calls, this [*Prediction video*](https://youtu.be/zX8Di-gRHWc) is his best and it's aging like fine wine + +[Bob Loukas](https://www.youtube.com/channel/UC0zGwzu0zzCImC1BwPuWyXQ): The voice of reason in Crypto, he is good at predicting the start and the end of crypto cycles. + +[Finematics](https://www.youtube.com/channel/UCh1ob28ceGdqohUnR7vBACA): If you are in it for the tech this channel is great at making complicated concepts simple. + +[Dave Levine](https://www.youtube.com/channel/UCT4X1qiEPR0gsZYfze6JOyA): If there was such a thing as ETH Maxis association this guy would be the CEO, he is an OG that went through multiple cycles. + +[Crazy4crypto](https://www.youtube.com/channel/UCNHXoNsyoBGVOS0EJarawvw): He was shilling Theta and ZIL before it was cool, he made me a lot of money + +[Lark Davis](https://www.youtube.com/user/larksongbird01): I just watch him because he has cool paintings behind him, but he is good too I guess. + +[Aantonop](https://www.youtube.com/user/aantonop); One of the OGs of crypto, he is a Bitcoin maxi, but his educational content is great. + +**Best Podcasts tier:** [UpOnlytv](https://www.youtube.com/channel/UC_Jt1VYHZO4Kc4cJQP5utdw), [Bankless](https://www.youtube.com/channel/UCAl9Ld79qaZxp9JzEOwd3aA), [Unchained Podcast](https://www.youtube.com/channel/UCWiiMnsnw5Isc2PP1to9nNw), [What Bitcoin Did](https://www.youtube.com/c/WhatBitcoinDidPodcast/videos), [Millennial Money](https://www.youtube.com/channel/UCPi6sb9M-Kj-j-PKptcUNJQ) + +Honorable mentions: [Hashoshi](https://www.youtube.com/channel/UCQNHKsYDGlWefzv9MAaOJGA), [Daap University](https://www.youtube.com/channel/UCY0xL8V6NzzFcwzHCgB8orQ), [Sheldon Evans](https://www.youtube.com/channel/UCZ3fejCy_P5xhv9QF-V6-YA), [Colin Talks](https://www.youtube.com/c/ColinTalksCrypto/videos), [Lorenzo](https://www.youtube.com/channel/UCHQv-nQ2caXVvtTFa8WOJRA), [denome](https://www.youtube.com/channel/UC2IyN5ZpCnMYhCYQELBZczg) + +Suggested by you: [Intrepidgains](https://www.youtube.com/channel/UCFaEaj1eXURt2rwDYJFlWDw), [The Modern Investor](https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig), [Tyler S](https://www.youtube.com/channel/UCgBQ6YsN4oUTjbAvIwCFLog), [CryptoRUs](https://www.youtube.com/channel/UCI7M65p3A-D3P4v5qW8POxQ), [Satoshi Stacker](https://www.youtube.com/channel/UCGDjpwZV-bU-sLSnhInCfKQ), [Andrei jikh](https://www.youtube.com/channel/UCGy7SkBjcIAgTiwkXEtPnYg), [Altcoin Daily](https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw), [EllioTrades](https://www.youtube.com/channel/UCMtJYS0PrtiUwlk6zjGDEMA), [Aantonop](https://www.youtube.com/user/aantonop), [Crypto Daily](https://www.youtube.com/c/CryptoDaily/videos), [cryptokirby](https://www.youtube.com/channel/UCOaew10hdmtfa0MinTjOBqg), [Cryptotwins](https://www.youtube.com/channel/UCCLDnGJsFZ5HhX_nND00XNQ), [Nuggets news](https://www.youtube.com/user/australiaalex), [Louis Thomas](https://www.youtube.com/channel/UCpceefaJ9vs4RYUTsO9Y3FA), [Crypto Casey](https://www.youtube.com/c/CryptoCasey), [Conquer the markets](https://www.youtube.com/c/ConquerTrading/videos), [99Bitcoins](https://youtube.com/c/Bitcoinwithpaypal), [CryptoBusy](https://www.youtube.com/channel/UCBLftV9ZsgTxoMZWPfIUKGw/videos), [Token Metrics](https://www.youtube.com/c/TokenMetrics/videos), [Data Dash](https://www.youtube.com/channel/UCCatR7nWbYrkVXdxXb4cGXw) + +&#x200B; + +**Popular Channels to Avoid Tier:** + +[~~Ivan on Tech~~](https://youtube.com/c/IvanonTech) The guy who brought us "[Respect da pump](https://youtu.be/4TlaEZt6YmQ)": meme, but his content is terrible + +[~~BitBoyCrypto~~](https://youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g): It's rumored that he dumps his coins on his followers, he promotes risky leverage and his channel content is average at best. + +[~~MMCrypto~~](https://youtube.com/c/MMCryptoTube): Same as Bitboy, just empty sensationalism to lure new comers to click on his Bybit affiliate links. + +[~~The Moon~~](https://youtube.com/c/TheMoonCarl): His favorite phrase is "Exaaqctly as predicted" He buys fake comments to pretend they are making money with his calls so can get more Bybit referrals + +&#x200B; + +**C, D, E, F, Z Tiers / Red Flags** + +As a general rule if someone makes stupid faces in the thumbnails, 100x claims, promotes leveraged trading or Bybit links, you should stay away from him + +**Disclaimers:** + +DO NOT take any Youtuber's words as gospel, Do your own research, but those are a good start. + +If your favorite Youtuber isn't here doesn't mean I hate them, you can add them in the comments + +This is really blew up, thanks everyone for their contribution to this list +For the past several months my instagram has been increasingly growing with people advertising forex trading. They all basically preach the same thing by saying “Escape the 9-5”, and “do you want to be financially free?”, etc. Surely this isn’t actually legit right? These people are even offering classes to teach you how to do it (you have to pay them of course). I don’t know the first thing about investing or trading, but I feel like those that actually know how to trade simply won’t just teach you in like 2 months for $200. Can somebody give some insight on this? It seems like such a scam and pyramid scheme to me but so many people are doing it I just wanna make sure. +What is PFIC rule? - IRS will tax any ETF/MF, that is not domiciled in US, punitively. Even the unrealized gains can be taxed (complicated process). For more - [https://www.bogleheads.org/wiki/Passive\_foreign\_investment\_company](https://www.bogleheads.org/wiki/Passive_foreign_investment_company) + +In the face of such a punitive taxation rules against all the non-US mutual funds, how do US NRIs invest in Indian markets. (I suppose) it is not applicable for stocks, and one can invest directly in that. But, for passive investment, if one wants to invest in index, MFs were better option. + +Can the US NRIs, who invest in both countries, share their strategies around how they handle this scenario - i.e. invest in India market and avoid the PFIC rule? +What is PFIC rule? - IRS will tax any ETF/MF, that is not domiciled in US, punitively. Even the unrealized gains can be taxed (complicated process). For more - [https://www.bogleheads.org/wiki/Passive\_foreign\_investment\_company](https://www.bogleheads.org/wiki/Passive_foreign_investment_company) + +In the face of such a punitive taxation rules against all the non-US mutual funds, how do US NRIs invest in Indian markets. (I suppose) it is not applicable for stocks, and one can invest directly in that. But, for passive investment, if one wants to invest in index, MFs were better option. + +Can the US NRIs, who invest in both countries, share their strategies around how they handle this scenario - i.e. invest in India market and avoid the PFIC rule? +Some back story- Like I said, I'm 47 and had 20 years 3 months and 7 days of service under my belt when I got injured on a fire last October. After 4 neck and back surgeries, the docs said I have to retire. My medical retirement took effect November 8th of this year. + +I received my pension letter from the fire department yesterday, and I was somewhat relieved to learn that I will be receiving 60.25% of base pay, tax free (the % is based off my impairment, and I had been told it could have been as low as 45%). + +My questions. +My pension papers clearly say that I am allowed to work, however, I have heard that if I make over a certain amount of money, it can make part or all of my disability taxable. The only thing I've found online so far concerns Social Security benefits, but I'm assuming my pension fund has similar rules. I'm not all that concerned about this, as of now I don't plan on filing any w2's in the near future. + +However, I am considering taking a large chunk from my deferred comp (457b) plan, and paying off all my debt (Mortgage, last remaining credit card, and a home equity loan). + +First of all, is this stupid? +Becoming debt free would put me in a position to continue building a savings near the same rate I was able to before I retired (and that's not counting any side income I earn). It also would be a huge stress relief, especially after all the uncertainty of the past year...and that alone seems like the biggest selling point to me. + +My concern is, while there is no penalty for withdrawing the money, it says it will be "taxed as income", which has me worried that it would count against my disability income, like income from working a job would (if that is indeed the case), and I'd have to pay taxes on some or all of the disability income as well, which doesn't seem correct, but unfortunately I'm pretty ignorant with all of this. + +Everything lately just seems like such a huge decision, I just don't want to do anything stupid. + +Thanks in advance for any insight or advice, and let this be a lesson for you young whippersnappers, you're never too young to start preparing and educating yourself about retirement! +Now let me see if I can do this right, I've been practicing- + +GET OFF MY LAWN! +How long have you been doing it for, what % do you aim for? + +I’m thinking with a 400k account a 15% yearly return would cover all my expenses and more, is this a reasonable return expectation? +It’s been 7 days since I purchased a Call option. The need to not stare at my phone is a nice feeling. Though I do miss the excitement of making $500+ in an hour. I don’t miss the sickening feeling of knowing the market crashed over the weekend or a bad tweet can ruin my account. + +Now I’ve been wheeling. I enjoy selling covered calls over selling puts. Because I like that I can still make gains if my underline moves up as long as I keep the strike far enough OTM. + +Right now I’m working with NIO, Appl, AMD, and Space. +Last few weeks has see he markets explode as more people pour into the markets in the aftermath of GME. Now seeing the prices of some of my fav stocks jump while I'm out, and afraid to jump in but also afraid to miss out. How much runway we think there is on these two? TLRY already up 25% premarket. + +UPDATE: Did not succumb! And it dipped, will wait for power hour and consider MJ ETFs! Thanks for holding my hand guys. +What is your end goal with tfsa ? + +1. Hold growth stocks till retirement like rrsp and start withdrawal at retirement in conjunction with rsp. + +2. Max it out with dividend stocks and use it at monthly income ? + +3. Grow money to pass it on as inheritance. + +Obviously everyones financial situation is different and will have different goals but what is your perceived end goal ? +I’m finally in a position where I can start saving for a home for my child & I, which I am so grateful for because it’s been a really rough few years. + +I won’t say how much I’ve saved, it’s laughably small. But it’s an amount that I can reliably put away each week. + +The pride, excitement and accomplishment that I initially felt was short lived. + +I know it’s irrational on paper, but I can’t help but feel impatient, frustrated and agitated when I look at my own personal Mount Everest and the huge amount of time it will take to finally have my own home. + +I don’t have anyone to talk to about this. And regardless of how I feel, I’m determined to keep saving that set amount each week. + +But the gnawing frustration and impatience is really souring my feelings of pride and diligence. + +I hope this makes sense. Please share any wisdom you have. +Browsing stonkies looking and pricies, I see Facebook has taken a little dump: + +https://preview.redd.it/ef5z4th9whf81.png?width=1222&format=png&auto=webp&s=658981ce8150cb61b63cc39e858b6c1d52b6d7a5 + +Well, serves them right, those bastards. + +What else have we got? + +Apparently no one likes listening to music anymore, cause Spotify is tanking, too. + +&#x200B; + +https://preview.redd.it/vp6zqopewhf81.png?width=1204&format=png&auto=webp&s=26c8d7e665ed6040cc1f1f40ad0c6c79296e2f1b + +What about one of the retail giants, Shopify? Tanking? Sure, why not! + +&#x200B; + +https://preview.redd.it/5mfnz47jwhf81.png?width=1194&format=png&auto=webp&s=98038cc2e95894442756e296a5659549716cf61d + +&#x200B; + +Let's find another random company in tech, Roku. What do you know... down 10%. + +&#x200B; + +https://preview.redd.it/n2g783ylwhf81.png?width=1158&format=png&auto=webp&s=5f9cec0ecc489e8d995a7265c0091277ebf1eead + +How about those dirty Snapchat kids? Down 17%! + +&#x200B; + +https://preview.redd.it/6jw93bdmxhf81.png?width=1114&format=png&auto=webp&s=99690db31ec327d3067100bb7a9c494e7afa634c + +&#x200B; + +Now how about Pinterest? First it was down 10% in aftermarket, then suddenly, BAAAAM, UP 103%!!! + +https://preview.redd.it/pm5q9veswhf81.png?width=1200&format=png&auto=webp&s=157e7f2ec987f47b7e25cc9ecd9bb31cd3155cdf + +A second later, back to being down 10%: + +&#x200B; + +https://preview.redd.it/n4wez6mywhf81.png?width=1096&format=png&auto=webp&s=648ba79ffb37fb900359ca9a16b239677b2b2eff + +But I caught the action on the chart, too: + +&#x200B; + +https://preview.redd.it/kyxunam0xhf81.png?width=2500&format=png&auto=webp&s=e07392d5bbee8e98d2ad3828df6e5340dfd23875 + +Business as usual, folks. Just another day in paradise! +I’ve just had an interesting discussion with a subreddit regular in relation to whether it is “gaming the system” to use a first home buyer grant (or stamp duty concession) to purchase a property that you intend to use as an investment property. + +The most common strategy seems to be using the grants or concessions to purchase the property, to live it in for the minimum period (or not at all) and then rent it out. + +To be clear, I’m not talking about accidental landlords or people who have to move out before they planned to because life has changed. I mean doing this as a deliberate and intentional strategy. + +I think this is wrong on a number of levels but as I own my own home, I’m not exactly at the coal face when it comes to this issue. + +What do you think? + +Edit: Thanks for the comments below, an interesting discussion. To be crystal clear, I already own my home and didn’t qualify for a FHB grant or any concessions when we bought many years ago (thanks to Sydney’s house prices). This is a purely theoretical discussion. +I'm a sucker. I fell for it. The 0% APR promotion on an item I could have paid outright for. 18 months later, here I sit, not a single late payment on my account, yet I have $1k in interest to pay for 18 months of 27%. Why? The promotion period ends 18 months after the purchase, but the website would not let me set up autopay until a week after I purchased, so autopay ended 1 week late. I thought I was golden, ready to have this paid off and not have a single fee. I got comfortable and didn't read the statements. + +0% is not really 0%. Read the fine print. *Remember* the fine print (because I sure as hell didn't 18 months later). Shitty banks rely on this stuff. They wait for you to slip, not noticing that the autopay they created can't possibly allow you to end on time, and will require an extra payment before the end date to avoid the interest. It's shitty, I'm pissed off, and I've learned my lesson. + Good Afternoon, + +So today was an interesting day in the market as the FED was due to release their minutes as the market anticipated that, though the rate hikes are largely already priced in. Today on GME we saw fairly flat price action, but still finished above VWAP at end of day up 2% on 4.1 million volume. Today there were some curios Deep In The Money Calls traded for both April and June expirations. You can see them here below. + +&#x200B; + +https://preview.redd.it/xf1yzp7eyzr81.png?width=1274&format=png&auto=webp&s=461e4844e76216c2933d0a210d474c4c4ee22bbb + + + +Below are the largest options trades in terms of delta. The largest delta volume came from the 14-Apr-22 147 Put, with traders buying 37,955 deltas on the single option contract. + +&#x200B; + +https://preview.redd.it/sab2hgrmyzr81.png?width=1248&format=png&auto=webp&s=763493370785aaab9e8130331b22c1b5ffcc5a52 + +After diving into ETF's for over a year here's a meme: + +&#x200B; + +https://preview.redd.it/ldxify5ryzr81.png?width=480&format=png&auto=webp&s=3a4eebe9c8eee4d29daf459842f4dc337cb77edd + + + +\*\*Warning\*\* Long Explanation Incoming: + +Next, I wanted to move onto probably my favorite topic and that's ETF's that hold Gamestop. First, I want to consider our favorite ETF which is XRT. I did some digging looking back at the historical Open Interest on the ticker for both puts and called. I took that data and graphed it out against Gamestop's price action. I started to see a fairly significant relationship between when PUTS sold off in XRT and when a corresponding price increase in GME would happen. I made sure to also include XRT's Failure to Deliver's (thought it was such a big number) I divided the failure to deliver by XRT's current shares outstanding to give me a percentage of FTD's to Shares Outstanding percentage, which was much more graphable. When looking back historically at XRT in Market Chameleon you can follow a Vertical Put Spread that steams all the way back to January 27th 2021 that has continually been used to "Kick The Can" down the road. Initially they started with 62k puts at the $70 strike and have since broke apart the position into 10-30k put positions. Once this put position is entered into Short Hedge Funds force the obligation onto the market maker/ Authorized Participants to deliver stock. Sometimes we even see FTD's in the Put run up. The Short Hedge fund is causing the market maker/AP to hedge their asset pool against borrowed shares. In doing so they either locate the shares or create synthetic ones since they're largely Reg Sho exempt. They will get the shares deliver to SHFs, who will run it through the lending pool intraday and overnight dropping the borrow rates all around, All while loading up on more puts on XRT for the next cycle. puts on XRT to drive the price down mid cycle, They then have a huge sell off of said puts (Drop of 40%+ on the put side), GME runs the week after. We can observe this in the several charts below: + +First, their initial opening of the put position on XRT Jan 27th 2021: + +&#x200B; + +https://preview.redd.it/fevnt46izzr81.png?width=508&format=png&auto=webp&s=53c76d6bc1294b6b427aa4ef6d51a70b70668cad + + I noticed this the other day when a significant large trade came into XRT by Institutional Traders: + +&#x200B; + +https://preview.redd.it/mkx4esemzzr81.png?width=1243&format=png&auto=webp&s=5c329fad48ba18f5207cd4184f1acf446f4d30d7 + + Now I want to show you this graphically since 2020 on XRT, I hope to also do this on IWM and VTI historically. Let mew know if you have historical open interest for ETFs. Remember this is looking at Calls/Puts Open Interest on XRT vs GME Percentage Price Increase vs XRT FTD's as a percentage of XRT shares outstanding. You can see the relationship here: + +&#x200B; + +https://preview.redd.it/4hjy645pzzr81.png?width=1848&format=png&auto=webp&s=042e34ddf785c6dba7ff5464cc188760c861a1e6 + + + +Here is a cleaned up version just looking at Put Open Interest on XRT vs GME Price Percent Change: + +&#x200B; + +[ ](https://preview.redd.it/427z7klrzzr81.png?width=1710&format=png&auto=webp&s=01a4ae7fa020b8747a55c90bad77f19717e43fc2) + + + +You can see that when Puts sell off on XRT you either get: 1. A significant price increase in GME + +2. MM's internalize it and you get Failure to Delivers. + +One key difference here on their ability to internalize and choose failure to delivers that (eventually they cash settle) is there is a threshold of about a -40% drop in put open interest that historically they deliver on. You can see it most recently on the March 18th expiration: + +&#x200B; + +[ ](https://preview.redd.it/8hudpqevzzr81.png?width=1278&format=png&auto=webp&s=2b42d474b8b1ef0a027d621ada43a0956d446df0) + + So, what does this all mean? Simply put I'm not here to predict Wen Moon, but it's been historically important to watch XRT's Put open interest as when the threshold is passed. Pay attention to the $70 strike put as it's been a key in the past. I will sound the alarm when I see this occurring. In the meantime I've spent countless hours trying to figure out Wen Moon and this is my portfolio guessing wrong dates: + +&#x200B; + +https://preview.redd.it/hifds4eyzzr81.png?width=668&format=png&auto=webp&s=16f44b6a4ea5b34b40ad632ec62e588ddfedf4e2 + + + +So, knowing what we do now I think first I'd like to replicate this onto other ETFs and follow all of them and if there is a particular threshold that occurs on them as well. It's worth saying that XRT trades significantly more options than many ETFs. I think as a hive mind we have our PF flyers on: + +&#x200B; + +https://preview.redd.it/zbic5wx000s81.png?width=857&format=png&auto=webp&s=71c2acfefa560cc1ce79e60daae2c17f0c99126c + + Now, into the larger market news as I said before FED minutes were released today and the market began to digest those as the rate hikes are largely priced into the market. There was also a key SEC meeting today on the SBSEF proposal and look to see the results of their consideration. Then, lastly I will touch on housing as it's beginning to be a important topic as many state markets have been running red hot (Here in SoCal I'm lucky to get a box for 700k). + +&#x200B; + +https://preview.redd.it/prl3q15300s81.png?width=656&format=png&auto=webp&s=81e1cf1afc356afbb53459ae79d4d5da3b276a9d + +&#x200B; + +[ ](https://preview.redd.it/w98rx8sb00s81.png?width=511&format=png&auto=webp&s=63a890301e78f94883450755bafce3a3937bdddc) + + + +Lastly, In JPOW and Nancy we trust! I also included a previous interview with Kansas City Fed President Esther George. She said today a faster pace of rate increases may be warranted, with 50 basis points on the table for May. Federal Reserve Governor Lael Brainard noted the central bank will raise interest rates steadily and will begin reducing its balance sheet as soon as next month. Brainard, normally a dovish voice, also noted that balance-sheet reduction could proceed “at a rapid pace.” U.S. equity indexes lingered in the red at midday, as bond prices sagged on Brainard’s comments. The question now is how aggressively the Fed will move after having indulged the “transitory” fantasy too long. + +See full interview here: [https://www.youtube.com/watch?v=F-KOSy-xXr0](https://www.youtube.com/watch?v=F-KOSy-xXr0) + +&#x200B; + +&#x200B; + +https://preview.redd.it/q67m0xre00s81.png?width=701&format=png&auto=webp&s=ac62673efc04ad445647f883212bc2bf1f4f2ecb + +The Show Goes On! + +&#x200B; + +https://preview.redd.it/i0cikw1h00s81.png?width=525&format=png&auto=webp&s=826895b67cc264e65530b88482b41ddc5cc93997 + + + +Much of this post and the many that I do are community sourced and if you're interest check my profile. These posts do contain my original thoughts in addition to a portion from users. + +Cheers Everyone! + +\-Turd +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +After waiting over 12 hours for a single simple bitcoin transaction to go through, I did some research and found that the bitcoin scaling problem is a lot more serious than I realized. +I mean if you compare it to things like cash and credit cards, bitcoin is not very usable as a currency right now. Can you imagine needing to wait 12 hours at the check stand to see if your credit card went through or not? Obviously, Ethereum and Bitcoin are not the same things, but Bitcoin is the pioneer and is such a valuable case study I think it is healthy for us to look at. + +Please treat me kindly if I am just not understanding this correctly, but while everyone is saying that blockchain technology is the wave of the future, and I certainly see that and believe in that, I also can't help but feel like everyone's ignoring the elephant in the room that it just doesn't seem like it is a truly *sustainable* technology. The file size of the blockchain is going to keep getting bigger and bigger, and the more popular the technology becomes it is going to keep getting bigger faster and faster and the demand will be bigger and bigger. + +I know that the big issue is block size limit, but also what about the block chain its self? If you look at the size of the bitcoin blockchain, it is growing at what looks like an exponential curve. https://blockchain.info/charts/blocks-size?timespan=all +It's already well over 100 GB. What are they going to do when it is 1,000 GB or Million GB? +Because if their vision of becoming a worldwide mainstream currency becomes true, than that would certianly give it more than enough traffic to get there very soon. + +I mean, especially if you think about it from the mindset of an EthTrader - we are here investing because we (I assume) base our expectation that it's value will continue to rise on the concept that this will be a valid currency and a valid technology beyond how it can be used as a currency. BUT if that is true, then it will need to be able to cope with a user demand that is going to be thousands, if not millions of times more than it currently has and how are we going to deal with this giant blockchain? + +If we don't believe that blockchains are sustainable, than we are just investing in a speculative bubble that will eventually pop. + +Is this really a truly sustainable technology? Does anyone out there have a good answer to this? + +Thank you very much. +I've been trading on binance for a while but have been doing nothing but making small losses, has anyone been profitable over the long term? How to take advantage of the bear market? I'm still a relatively new trader, any tips appreciate! + +Thank guys +I’m in my mid twenties getting my life back on tack after a spat with drug addiction. My credit is in the gutter after years of negligence on paying my $500 max credit card. No other really credit history outside of that. Never took a loan out, no student debt. I cancelled the card a year ago but I had it since I was 18. No idea of my credit score but I’m assuming it’s no good. Any advice is really appreciated. +Most of the US MNCs handout RSUs as good chunk of the compensation (usually between 15-50%). + +What do you do after the RSUs vest? + +1. Keep holding them - Too many eggs in one basket. Even your job is in same basket. + +2. Sell them immediately - And reinvest in equities. Capital Gains Tax liability is 0. If you don’t sell immediately, you will have to pay tax on whatever gains you make at marginal rate unless you complete 24 months. + +3. Sell ~70% of the RSUs - And keep 30% for long term + +While (3) makes more sense to me, most people seem to do (1). Why? +That's always been my only issue with that. Because landlords are some greedy people, and if they raise the minimum wage (which should have been done AGES ago) whats to stop them from raising the rents? + +"Oh, you're making more money so you can pay me more money!" + +Won't that just inevitably keep us in the endless cycle of poverty and living paycheck to paycheck? Can they make a law preventing them from raising rents should we get our wages raised? I mean, otherwise, what's the point? You're making more, but paying more for the exact same shitty apartment. And there's no extra money in your bank account, and it's made zero difference to your savings account. (As if most of us can afford to NOT spend everything and actually put it aside for savings, right now) + +If I am misunderstanding the laws and if there IS already a law preventing that, please let me know. +Wallstreetbets is unique on reddit because of its... "culture". We are all here for a single reason: To make money on high risk plays. + +Gains made overnight, or by holding through hell and high water, are to be equally celebrated. + +Losses should be mocked, derided, and if unique enough, given the high honor of being put into automod. + +At all costs, if we are to remain different than the rest of reddit, we must avoid the following: + +* Politics, we're not here to change the world (sorry) - we just like the stock. + +* Divisiveness, calling people bots and shills because they disagree with you only reduces diversity of thought, and drives away our best members. + +* Repetitive content, we have just barely enough IQ points to focus on multiple stocks at once, not everything has to be GME or Weedstocks. + +* Know it alls, remember rule 7 - "No Bullshitting". Stay humble and ask about what you don't know. After being insulted a few times, someone will help you out. + +--- + +#What you can do to keep this place great + +* Upvote new and interesting ideas. No one wants to see the front page filled with threads on the same stock or sector. + +* Mock people for not understanding something and doing their research, and don't speak beyond your knowledge. + +* Bring your own creative ideas to the table! Pick the dumbest company (over $1B market cap) and really read into their filings and let us know what you find! + +* Keep content related to megathread topics in the megathread. + +* Don't ask "what the next move is" - WSB is not your personal army, there is no agenda, no one speaks for WSB, and we don't "pump and dump" anything. Simply, we are a watering hole for risk loving individuals. + +--- + +#What we're doing to keep this place great + +* The whole mod team has been working overtime, clearing out low quality content and keeping things fresh. Less than 1% of threads make it out of /new. + +* In the absence of u/zjz's incredible bots, we're building new tools to assist with moderation efforts, but remain hopeful that zjz can return soon. + +* We're planning some fun community events. Can't say too much, but those of you who have been around will know. Guess we'll have to wait and see. + +* We will be reintroducing stickied DD threads. These will be automatically stickied based on flair, with high account age restrictions. + +--- + +#Why was my post/comment removed? CORRUPT! + +Over the past week, there were multiple *really good* DDs and YOLOs on PRPL, FNKO, SNDL, and many other stocks. The kind of stuff that gives you hope that the old WSB is very much alive. + +But you may have missed them because the front page was dominated with GME related talk. + +Don't let the bandwagoners steal your fresh DD. Downvote spam and low effort posts, upvote innovative posts. + +--- + +#A note on the moderation team: + +The team we currently have (missing you u/zjz) is the best we've ever had. Everyone on this team is entirely committed to keeping the subreddit stable and top notch. + +This mod team is a completely different beast than the two mod teams evicted over the past year. They are the ones who have actually put work into the subreddit over the years, and aren't just inactive. They have poured their souls into this sub for years. Yes, some are using throwaways because they'd rather not get doxxed (again), but if my vouch isn't enough, u/zjz vouched for them as well. + +Making everyone a mod for a week, paper trading competitions, automod responses, the discord and plenty of other fun facets of the subreddit were done by this very team. If you don't know what I'm talking about at this point, stick around. You'll have a blast. + +P.S. Dear SEC Intern: We don't endorse any tickers or movements. We're just here to trade and make dick jokes. +I make this post once a year, around the Christmas/New Year's Eve time. + +As most of us know, keeping your credit history as long as possible is very good for our credit scores. The more lines of credit we have open, the more it affects our average age of credit, total amount of credit available, and just in general credit score goodness. + +That being said, it's time to think of the credit lines we have open just to keep the average age of credit up. Those cards that you have stuck in a drawer because they have no annual fee, but don't give decent enough rewards to be used on a regular basis. + +It's that time now! Pull those cards out and buy a value meal at a McDonalds. Maybe a coffee at Starbucks. Hell, use them to buy a tank of gas for your car. + +If you have enough monthly charges, put each card with one of them. Insurance on one, Netflix on another, etc. Then set up auto-payment so you don't need to even think about them. + +The important cards are the ones that may get canceled because of non-usage. Those are the ones that you want to do anything with this year. Spend SOMETHING on them, then immediately go pay them off. Just like always, you don't need to pay interest to keep your credit score up. + +Happy New Year my PF friends! +In 2020, I beat the S&P 500 by 0.5% in my taxable account and shared my lessons in [this post](https://www.reddit.com/r/thetagang/comments/kq4zyt/i_beat_the_sp_returns_by_05_taxable_10_ira_and_23/). I made a lot of mistakes that year and changed up things a little bit for 2021. + +Although my returns were the same in 2021 - 0.43% over S&P 500 returns after short-term gains at the 35% tax bracket are taken into account - I am thrilled with this performance because I did it against a portfolio of low-beta stocks. + +The monthly 5 year beta-weighting (pulled off of yahoo finance) of my underlying portfolio compared to the S&P was 0.82, and my portfolio's correlation to the market in 2021 without the options was just 0.7. + +I'm super happy with this because it means I took a relatively low volatility portfolio and sold options against/around it in order to enhance returns, exactly like I was hoping to going into 2021. + +Here are some numbers that I got after plugging my portfolio into portfolio visualizer and comparing to the S&P 500 with dividends re-invested: + +&#x200B; + +||SPY|My Portfolio| +|:-|:-|:-| +|Beta|1|0.82| +|Correlation|1|0.7| +|CAGR|28.74%|29.17% (but 22.96% without effects of options)| +|Sharpe Ratio|2.34|1.62| +|Sortino Ratio|5.38|3.95| +|Max Drawdown|\-4.66%|\-4.47%| + +Obviously, the risk comparison only includes my underlying stocks, not my options activity. + +My options activity included mostly short puts or short strangles, never selling a call unless I had the shares to cover it (so no risk to the upside). I would typically use 16-30 delta strikes and if doing a strangle would often skew it with a 16-20 delta call and 20-30 delta put. + +The stocks I have in my portfolio are: + +ABBV + +BMY + +BTI + +CAH + +GILD + +JPM + +KO + +LEG + +MMM + +MO + +MRK + +PEP + +PM + +PFE + +T + +UL + +VZ + +WBA + +XLE + +XLU + +XOM + +**What went right:** + +1. I got the hang of using margin but never exceeding use of buying power more than 30% of my net liq. I was usually in the 20-25% range for this since in a crash I would be hit twice as hard with my stocks going down and my option requirements going up at the same time. +2. I was able to mostly stick to my goal of long stock ownership in companies I like at a price I think is within a margin of safety. + +**What went wrong:** + +1. Again I had some shares called away from a call I wrote that got away from my. This helped my realize a really dumb thing I was doing - I would value a stock using DCF at say, $80 and buy it at $60 since it was within my margin of safety, but then turn around and sell a covered call against it just so I could have positions on against everything in my portfolio. Then if the market agrees with my valuation, my call would be blown through and I'd either have the shares called away or have to pay up to keep them. Now I simply won't sell a call if a stock is below my DCF value for it. +2. Taxes are still a problem eating at returns but the only way around that is to make less elsewhere or make more on options. +3. I rolled a call that had blown past my strike for too long. I could only roll it out - never up a strike and I realized that portion of my portfolio had stopped generating returns so I just said screw it and let it get called away. After that, I got a lot more aggressive using premium from short puts to help pay for rolling calls up and out. Yes, this added risk to the trade but I have much more comfort dealing with downside risk than upside risk. + +**What is next:** + +* I just learned about portfolio margin and I have applied for that - I still don't want to go over 30% of net liq but I am excited to see just how much more that gives me. I just found out there is a portfolio margin subreddit /r/PMTraders so I am looking forward to exploring that place +* I am starting to look at more strategies that cap tail risk as I feel like I have already 'won' the game and I just need to compound for a few more years so I don't want to get hit with big losses. For this I am looking at jade lizards or what I can only describe a skewed combination of a jade lizard and iron condor that looks like this: long 16 delta call, short 20 delta call, short 20 delta put, long 5 delta put. I just put one of these on USO and it looks like this: long $65 call short $64 call short $54 put long $45 put for a credit collected of $122, 45 DTE, using $900 buying power. If USO tanks though I won't take the $900 loss, instead I'll manage it by turning it into a jade lizard and using the credit from the long put to help roll the short put out and down, then roll until I am right or can scratch. +* In 2022 I plan to focus on using the buying power of my stocks to sell options on uncorrelated underlyings - whether I own them or not. For example I now have jade lizards or the skewed iron condor previously described on USO, GLD, TLT, SPY, IWM, and GDX. The hope is my stocks keep on doing their thing, and since my options are not on correlated underlyings if some are taking heat then others shouldn't be. +* What is really want to figure out is something that was recently asked - I think in this subreddit and that is "can you live off of options"? Everyone knows the 4% rule in the financial independence community but it is such a ridiculously inefficient rule. What I want to know is - can I sell jade lizards and wide strike skewed iron condors on uncorrelated products and take X% out for living expenses while still using just a fraction of my buying power? There is getting more data on backtesting through rough times like 2008, 2018, and 2020 this especially with TastyTrade's free lookback feature so hopefully I will be able to spend some time figuring this out. + +The Reddit community is a big help and I want to thank you all. I also want to give special thanks to the sites/creators that have helped me discover this world of options that I stumbled upon in late 2019 setting me up to sell options starting 2020 and straight through the pandemic: + +Alan Ellman of The Blue Collar Investor (I bought his video programs on covered calls and cash secured puts) + +Tom Sosnoff and everyone at TastyTrade (they have a book coming out in February called The Unlucky Investor's Guide to Options and I can't wait to read it) + +PPCIan of YouTube for helping me figure out dividend growth stock investing + +Joseph Carlson of YouTube because in one episode you mentioned Howard Marks who I had never heard of and that led me to looking him up + +Howard Marks of Oaktree for your 2 books, Oaktree Memos, and many podcast/youtube interviews. The most important thing is knowing what market cycle you are in! +So I asked for a raise and had a meeting with the owner/manager of the place I work. We go over my strengths and weaknesses as usual, but when we talk about money he says if he bumps me up too much more then I'll be in another tax bracket, an ill pay more in taxes and earn less money. I was under the impressionist only pay more for the money I earn in that tax bracket above the one I'm currently in (the way overtime works). So he offered a. Voice perks instead, something he can write off and that would benefit me, aka paid "business trip" vacation or something. I have a feeling he just doesn't want to pay more even thought we agree I deserve it. + +I'm going to be a dad in a few months and I really need to get my ducks in a row. A vacation would be nice, but I'm more interested in earning more for the time I spend at work than taking time off, traveling, etc. + +Any advice would be appreciated. Thanks everyone. + + +Edit: Update: thanks everyone, jeesh! I didn't expect so much response. + +Unfortunately I just found out some bad news, my dad has cancer, and I'm gonna just deal with whatever I can get for now. I asked them to pay for my phone and pay for insurance for baby. I'll look for another job later, my current job is pretty flexible schedule wise and that's gong to be really important right now. + +Thanks again, great people of Reddit! +Hello fellow Redditors! I would love to invest in some beach town / beach front property in affordable neighborhoods. I've been scouring the internet looking for the right area and y'all always have some great insider tips so I figured I should ask here too. Some requirements I'm trying to hit are: + +1. Beach town - Where the beach / water is a main attraction +2. Affordable - I'd like to spend <200k USD. (preferably <100k but I don't know how reasonable that is) +3. Airport - Preferably within an hour or two from the airport +4. Something within the Pacific and Eastern timezones +5. Infrastructure - Needs to have access to highspeed internet. This is a given in most developed areas but I don't know if that's true or not across borders +6. Small-ish vibe - This isn't super important but a laidback vacation-like vibe is preferable + +Puerto Vallarta hits all these points except the average home is \_slightly\_ out of my price range. So I'm wondering what other cities I should be looking in. + +Any recommendations are welcome! Also please do PM me if you have a place like this (whether you're tinkering w/ the idea of selling it or not!). +Hey everyone, I’m a teenager living in the uk and in the past 9 months or so I’ve been trying to decide what I want to do once I leave school. Long story short I have lots of interests but my ultimate goal in life is to travel the world and gain ‘financial freedom’. I know this sounds very typical of a teenager which has been exposed to gurus or whatever but I want some opinions off some professional or experienced traders not these gurus trying to sell me something. I would just like to know if forex trading is a career where you can be very successful and I will start learning as soon as I can, I’ve learnt all the basics but I want to keep learning more about it so I’m ready to trade real money when I’m 18. I really hope I don’t come across as just some idiot who thinks it’s a get rich quick scheme because I certainly know it’s not. I would really appreciate any advice and comments if anyone sees this, Thank you +Before 2007, my father was in his 50s. He had a decent job working as an electrical engineer, though he usually has to work out of state and he's sometimes unemployed back then with periods of unemployment last a few years. Unfortunately, he's not financially intelligent so he didn't prepare saving up for his retirement and he spends like he has no budget. After the Great Recession hit, he's unable to find a job. It frustrated me seeing my father stay home every day while my mother had to work overtime at her medical billing company every day to support her family. + +Being around them filled me with anxiety that I had trouble landing my first job for 6 years. Fortunately, I found one and I've been putting as much money as I could in my 401k and Roth IRA. I may not reach FI, but I'll try for CoastFire. + +I wish I started working 6 years earlier. I would've needed to work another 3 years to have enough money to retire by 67, +Source: [https://www.consultancy.uk/news/13907/whole-foods-hires-bcg-to-support-large-change-programme](https://www.consultancy.uk/news/13907/whole-foods-hires-bcg-to-support-large-change-programme) + +So, people have been mentioning Amazon being the dark behind of all this. I believe BCG is evil but not final evil. + +Amazon is the one pulling string behind of all this. + +What is Amazon's recent acquire? + +# Whole Foods + +Yep, Amazon also merged Whole Foods around that time frame when BCG involved to provide consulting. + +some more digging. There is a thing called BCG matrix. ( I have no idea what the fuck is that). But, this matrix has been applied to Whole Foods as early as 2016, which is a year prior to the merge to Amazon. + +&#x200B; + +&#x200B; + +Edit ------ + +Sorry, I am going to leverage this hot focus on this thread to promote a guide post on CS that I feel more important than BCG. I confess, I was holding to this Whole Foods thing just so that I can promote a CS guide. But I do believe this is a very important guide. + +[https://www.reddit.com/r/Superstonk/comments/to9838/guide\_on\_how\_to\_remove\_stop\_trade\_restriction\_on/](https://www.reddit.com/r/Superstonk/comments/to9838/guide_on_how_to_remove_stop_trade_restriction_on/) +Hi, + +I was wondering, if 97% of Day traders lose money.. Are you in the 3% part ? (I'm only talking about Day trading, any money you make with investing for example, doesn't count) + +Not to make anybody ashamed of their performance, I'm just wondering. +If you live near a university, try calling their psychology department and see if they have a doctoral student clinic. A friend told me about one in our town, and it's $5 a session for students, and then sliding scale for everyone else. For their sliding scale it is also $5 per session for anyone who makes under $30k a year. It is students, but it's doctoral students being supervised via recording. There are confidentiality rules they follow, so it's as confidential as seeing an actual therapist. I know this isn't an option for everyone, but I figured it was still worth sharing in case it did end up helping someone out. They don't usually do a lot of advertising because they would get way too many people. +Have been following this subreddit all year and am slowly growing my dividend type holdings compared to my index and growth holdings. + +It struck me when looking at the long term price chart that SCHD may still be in a pandemic stage price bubble still.... +I keep seeing all these posts about 24HR and cancelling your membership. As of today you can now cancel from the main page with just your membership I’d/ gym passcode and your birthdate! Hope this helps you guys out that are having the issue. +I am in college and I started a Roth IRA about 3 months ago and have around 1k in it (60% VTI and 40% VT). It was somewhat impulse after taking and investment analysis class and hearing over and over again that the sooner you start the better, so I went ahead and did. Although now I am in the standstill period where I am not totally sure what to do - to keep investing, what to invest in, and when. I am also reading a lot financial planning books and listening to podcasts and hearing the other argument not to trust it and to stray away, so my wires are kinda crossed. I would love to hear any advice anyone has. I am about to enter into my senior year of college. +Not really a big fan of Warren Buffett, but I think this quote describes perfectly how wealth is accumulated....and it's why everyone is here. No offense to the traders here, but the goal isn't to be sitting in front of screens making the right timing decisions...it's to be letting assets you own accumulate. So congrats for being here and starting on that path... +Hi, I am currently 18. I have inherited a million and so from the death of my mother 6 mos. ago. My mother was very frugal in life, she saved that money from working 8 to 5. I also never had a father. + Honestly, i feel really scared to spend that money. But for my financial stability in the future I need some advice on where I should invest it to. +I'm still on my first year in college. I currently enroll in a state University so I really don't have to think about tuitions and stuff. All i rly ever spend on is basic living expenses. Honestly, I'm not exactly financially literate and I don't have any idea where or who to go and trust with this amount of money. I also can't trust my relatives that much. +I was thinking about investing on a house and lot property, but every property in the city is too expensive and is out of my budget. I already have lots in our province on the process for changing of name titles, all of those are agricultural land i inherited from my mom. But the problem is I am also not interested in agriculture. +Currently, I have enrolled 240k into pagibig mp2 account and 300k into a 2 yr time deposit in some coop bcz it yields higher interest rates. I have also seen a property a little far from downtown which is exactly 1M. Should I buy it or should i invest my money somewhere else? +Reddit allows us to change the original link to text. This can be misused by the shills during the MOASS. + +eg, [https://twitter.com/ryancohen/status/1392649234944507906](https://www.youtube.com/watch?v=mvYLovp5isw) + +This is the link to Ryan Cohen's latest tweet, OR IS IT? Try for yourself. + +The shills could change the original links just like this and lead you to phishing sites. + +But this can be avoided if you check the url before clicking the link. To check the link address, you can simply copy the link and paste it in your address bar to see if it is the same link you clicked on. + +&#x200B; + +[Always double check if the link is the same](https://preview.redd.it/30sqjg7l4az61.png?width=665&format=png&auto=webp&s=feb9669f4e7c418e5d4d7aec435b30991fda6f52) + +Edit: **Like** u/MoonlightNomad **pointed out: Another way to check the link is to scroll over it with your mouse, but not click the link. The real link will show up in the bottom left corner of your browser when you hover over it .** + +Edit 2: You can go to [https://urlscan.io/](https://urlscan.io/) to check if the url is safe. Shoutout to u/IguessIllMakeAnAcnt for pointing it out. + +&#x200B; + +Stay safe apes, see you on the moon 🚀 🚀 +As the price of ether rises, so will the number of phishing attempts and scams so please take extra care of your valuable ether and read over these tips to help keep your ether in your own wallet and not a scammers. + + +&nbsp; + + +- Do not keep your funds on an exchange. Get a hardware wallet such as a Ledger Nano s or a Trezor, I cannot stress this enough if you hold a reasonable amount of ether. €100 for complete peace of mind should seem like a good investment and hardware wallets keep your private key safe by never revealing it to the outside world, it's by far the safest way to store your ether and they support multiple different coins. + + +- Be cautious of links you click on because they can be phishing websites or websites loaded with malware. For example [Google](https://www.bing.com) is not Google at all and likewise [https://www.google.co.uk](https://youtube.com) is still not Google. If you're on a PC always hover your mouse over the URL to see what the real URL is in the bottom left. + + +- Always use 2 factor authentication on your email and your crypto exchanges (Binance, Bittrex, Coinbase etc). This is one of main reasons people wake up one day with their accounts drained, it only takes an extra few seconds and it significantly improves the security of your account. + + +- Websites like coinbase, myetherwallet, etherscan, ledger etc will **never** send you an email or a message on slack / reddit asking you to login, verify, update or transfer anything. Never click on any links pertaining to such requests and always check their official Twitter account for verification. + + +- Whenever there is an update, fork, security issue or anything of that kind, always look for at least two sources of confirmation. Check their official Twitter to make sure it's coming from them, check Reddit to see if it's being spoken about and check in with a reputable news site covering it. Never panic and try to take the time to verify before doing anything. Remember even Twitter accounts can be hacked and a malicious tweet posted so look for additional confirmation if possible. + + +- Be cautious of airdrops! Lots of trash tokens are getting airdropped now and this is being exploited by scammers to steal your funds, never give your private key or transfer your funds to a random wallet to receive an airdrop. + + +- When sending funds, always triple check the public address you're sending it to because there is malware out there that can change the address of the one you copied to the attackers address and you may not notice if you just copy and paste and send it off quickly. + + +- A lot of scams can easily be avoided just by using your common sense and as long as you do, you should never have a problem with your funds being stolen from you and gone forever. Remember there is no authority or website who can give you your funds back if they are stolen. + + +&nbsp; + + +&nbsp; + + +So if you're new to crypto I hope you got something from this. Happy hodling! +Hi, so we escaped Melbourne due to the cost a few or years or so ago before the pandemic hit. We ended up in Darwin of all places. The rents were pretty reasonable at the time. We were paying $450 per week for a decent home in a suburb called Anula. Then the pandemic hit. + +My landlord was the handyman for the property so we often spoke. He told me he lost his job so he was very thankful that I never missed a payment during the midst of confusion and heavy lockdowns. At the end of the lease agreement they asked us to vacate the property. The house was readvertised for $500 per week. What sucked the most was the fact my wife had quite literally just returned from hospital after giving birth. We quickly looked for advertised homes and then had a new problem. Vacancy rates were almost 0!!! + +I remember being so pissed and sad. I was employed and I could not even afford / get a house. I also could not pay 12 months in rent which seemed to help people get across the line. By pure luck we managed to secure a 3 bedroom 300m2 home in Palmerston (about 20 mins from town) for $550 a week. It was expensive and would impact our cashflow but it we somehow managed. Deferit. After pay. Zip pay etc to keep up with bills (all paid back eventually). All was going well until our new recent lease negotation kicked in. They wanted $600 per week. We reluctantly agreed but were more concerned with being homeless if we could not find a property within 4 to 5 weeks. + +By this point I cracked it again. I opened up Realestate.com.au and had a look how far my money could go in other regions. I somehow ended up looking at Townsville. It was not as hot as Darwin, it has a better Hospital and Uni and it was a slightly bigger town. It also was close to Cairns, Airlie Beach and Whitsunday (which I love). Overall it just seemed like a good option relative to Darwin for a similar life style. + +We ended up buying a 900m2 4 bedroom home over there in a family suburb which is about the same distance to town where we lived in Darwin. The only differene was for the same quality home and proximity to town, we would have to pay about $200K more in Darwin (???). + +Long story short, our costs have been cut almost in half and it has improved our quality of life significantly. You do need to be careful of not buying in a flood zone as this can leave you with high insurance costs. We also got solar as Townsville has over 300 sunny days per year which has cut costs significantly too. + +I used to be a share guy through and through but now a PPOR is just a non-negotiable for me now. It really impacted my families and my own well-being during this pandemic. There were times were I was questioning life. It felt like everything was going against us. Child care costs, school costs, housing costs, petrol costs, food costs.... like man was it tough. + +Curious if anybody has similar stories? I'm sure there are other people like me out there. Hope you're doing alright!!!! + +Ps sorry if punctuation isnt great. Attempted to share this from my mobile device. + + +I invest in Indian stocks using zerodha because I really like how they bootstrapped their company, continue to run it. Their culture (like not having any trackers in the emails they send and their focus on customer security and education) I have been thinking about using Vested (not considering INDMoney because it's also a finance tracking app hence I can't really trust them when it comes to privacy ) for investing a little bit in US stock but wanted to know from other people how their experience has been are there any red flags that one needs to be aware of? +I am a single mom. I work full time in an office administrative position. +Lately I have just enough (barely) money at the end of the week for gas to get to work the next week. +We have been hitting the local church food bank on Sundays, which provides a few things, but obviously it's supplemental. +The last two nights I have eaten cereal for dinner (which is fine) and my daughter has eaten oatmeal and canned chicken noodle soup (her favorite at the moment). +My parents have chickens, so free eggs, which is great. I just want to feel like I am not a failure as a parent. +I had a few medical issues this year and it really put a dent in my savings (hell it wiped it out). +My bills are getting paid (barely) and we are not starving, but I just want to hear that things will get better. +Words of encouragement/stories of your own dealings appreciated. +Hey everyone! + +So I've grown tired of having to open so many different apps to check my global portfolio, like Crypto app (Coinbase + Kraken), Investing app (Degiro atm, IB later) , banking apps (have 3 atm), so I decided to build something for myself to be able to have a bird's eye view over all my investments and apps in order to log in to one single place. +I started off with a google spreadsheet but wanted to move into a web based app. Couldn't find any so started building my own as I'm a software engineer in my day job. + +A friend of mine saw the initial version of my side project and told me to see if people would be interested in it as it sounded like something that people from communities like this one would be fond of. + +So, my question would be are you guys and gals happy with your current portfolio tracking methods/apps and if not does this idea sound interesting? +Hey guys + +I'm using DEGIRO Active (not custody) account for trading and have significant amount accumulated already. + +Saw that DEGIRO 'protects individual clients up to €20,000' which is significantly lower than what I have (in stocks). + +My question is - what that €20,000 refers to? Total value of my account or just cash? + +I.e. I have €100k+ in stocks and €10k+ in cash on DEGIRO, and DEGIRO goes bust. +Are my stocks safe and I get €10k protection for cash? Or I lose all my stocks and only get €10k total? + +Thinking of moving to InteractiveBrokers EU because of that, but not sure if I need to. I really like DeGiro. Also, not sure how much of a safety issue is that I don't have Custody account (I like to have possibility of margin trading) + +Thanks! +I'm not talking about wealth managers, property managers, accountants, agents, etc. — the people you retain the services of when your personal wealth or personal brand is in some sense a business of its own, to help run said business. + +I'm rather talking about lifestyle helpers: personal assistants, domestic workers, caterers, chauffeurs, stylists, etc. People who do your "chores" for you, or who do the research to optimize decisions in your personal life for you. People whose employment means that you have more time in the day to dedicate to doing what you want. + +There's one level of wealth where it'd make sense to employ these workers, but not directly; rather, sharing them with others, or contracting with a service that employs them. + +There's another, higher level of wealth where it'd make sense to employ such workers exclusively for yourself. + +What are these levels? (Probably measured in wealth relative to local cost-of-living, rather than absolute wealth, as such helpers cost more in countries with higher costs-of-living.) + +Also, if you're someone who has reached a level where you *could* comfortably employ such people, but you don't — why don't you? (I assume everyone has some household chore — e.g. cooking — that they like doing as a way to relax. But any reason other than that?) + +For background: I was raised middle-class, in a culture where employing domestic help is basically unheard of outside of the upper class. Despite being increasingly wealthy, I'm still mostly stuck in that mindset. So this is an out-of-context problem for me. A person from a culture where domestic help is something almost everyone retains might think this is a silly question. :) +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)| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +Banner Contest is live! Check the main page for the sticky post and vote now! + +**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* +>Intel Corp. data-center sales sank more than expected in the third quarter, sending shares down 10% in after-hours trading Thursday. +> +>Intel [**INTC,** **+0.74%**](https://www.marketwatch.com/investing/stock/INTC?mod=MW_story_quote) reported a decline in profit and revenue from the previous year, while slightly raising its full-year forecast but missing expectations for its fourth-quarter sales outlook. Shares dropped to less than $49 in after-hours action immediately following the report, after closing the regular session with a 0.8% gain at $53.90. +> +>The chip maker reported third-quarter net income of $4.3 billion, or $1.02 a share, down more than 28% from $5.99 billion, or $1.35 a share, in the year-ago period. After adjusting for restructuring and acquisition-related costs, Intel reported earnings of $1.11 a share, compared with $1.42 a share in the year-ago quarter. Revenue fell to $18.3 billion from $19.19 billion in the year-ago quarter. +> +>Analysts surveyed by FactSet had estimated adjusted earnings of $1.11 a share on revenue of $18.24 billion, while Intel had forecast adjusted earnings of $1.10 a share on revenue of approximately $18.2 billion. +> +>The company said that it now expects adjusted earnings of $4.90 a share on sales of $75.3 billion, after previously stating $4.85 a share on sales of $75 billion. +> +> +> +>[https://www.marketwatch.com/story/intel-stock-plunges-10-after-earnings-show-bigger-sales-drop-than-expected-11603397818](https://www.marketwatch.com/story/intel-stock-plunges-10-after-earnings-show-bigger-sales-drop-than-expected-11603397818) +Hello, + +Currently my portfolio contains vti, qqq, arkk, arkw, and VXUS. Should I continue to hold qqq along with VTI, or should I just sell it and invest in a different ETF? +I was considering investing into some small cap ETFs, but not can't make up my mind between several ones. What small cap ETFs would you recommended? + +Thank you for any help +Hi all, I'm considering investing in Alibaba based on the amazing business model, high growth, cheap valuation, and high ROE. However, I'm concerned about the ethical implications of investing in a company that does business in a country as totalitarian as China and which is definitely in bed with the Communist Party. What do all of you think of Baba and companies in China from an ethical standpoint? I care far more about my ability to sleep at night then missing out on a deal, but I'd hate to miss a good opportunity being overly scrupulous and seeing ghosts where there aren't any. Any thoughts would be greatly appreciate!! +As always great research from James Montier at GMO finding that **Value Investing is a great inflation hedge**. + +[Inflation - Everything You Never Wanted to Know and Were Afraid to Ask](https://www.gmo.com/europe/2021-gmo-conference-sessions/inflation/) + +Take a look at the chart + +**Key Points** + +* Many of the common explanations of inflation are dubious. However, **all sustained inflations seem to have one element in common: a wage-price spiral occurs.** This is how inflation gets embedded in the system. +* Much of the current debate focuses on whether the current upswing in inflation is transitory or permanent. **For it to become permanent, we would need to see signs of resurgent labor bargaining power.** There is no clear evidence of this just yet, although there may be a few tentative straws in the wind. +* Rather than spending too much time trying to decipher the signs of future inflation, investors’ time would be better spent **figuring out how to make their portfolios robust to inflation**. Many of the usual suspects for inflation protection don’t seem to stand up to empirical scrutiny. **TIPS are fine if you want an inflation hedge, but they come at a cost**. +* **Long-term investors should be more interested in stores of value rather than hedges**. Despite their reputation, commodities appear to be questionable stores of value. However, equities perform well as a store of value – they effectively straddle the wage-price spiral because they are businesses that both pay the wages and charge the prices. **Even better than equities, one can own cheap equities. Value stocks are like free inflation insurance**. + +&#x200B; + +**Here are two other great research pieces on Inflation** + +[Inflation – Tall Tales and True Causes: Much Ado about Nothing](https://www.gmo.com/europe/research-library/part-1-inflation--tall-tales-and-true-causes/) *(Aug 2021)* + +[What to Do in the Case of Sustained Inflation: What if We’re Wrong?](https://www.gmo.com/europe/research-library/part-2-what-to-do-in-the-case-of-sustained-inflation/) *(Sep 2021)* +This due diligence analysis looks at one possible scenario involving the potential break up of the Rite Aid corporation that projects a return of more than two times (2X) the closing share price of $24.78 on Friday, March 12th, 2021. + +The Rite Aid (RAD) corporation consists of two (2) business units: + +1. The Retail Pharmacy business currently generating approximately $16 billion in annual revenues. +2. The Prescription Benefits Management (PBM) services business known as ELIXIR, currently generating approximately $8 billion in annual revenues. + +One possible scenario for unlocking the value of RAD involves the sale of the Retail Pharmacy business and Rite Aid brand. What is left is the ELIXIR PBM organization. Here is an estimation of how such an approach might play out: + +* In 2018, Walgreens acquired 1,923 Rite Aid stores for $4.4 billion in cash. That represents an average price of $2.275 million per store. +* Should RAD seek a buyer for its Retail Pharmacy business, it could sell its 2,450 remaining stores as well as the Rite Aid brand. Despite the fact that many of these stores are located in highly attractive locations (CA, OH, MA, MD, NJ, NY, PA, VA, etc), let's discount the average value of each store by 20% (compared to the average price-per-store paid by Walgreens), and arrive at a relatively conservative estimate of $1.8 million per store. +* At a average price of $1.8 million per store, RAD could reasonably generate proceeds of $4.4 billion with the sale of the entire Retail Pharmacy business, including the 2,450 locations and the Rite Aid brand name (assigning no good will value to the brand). +* The remaining RAD organization essentially consists of a PBM branded as ELIXIR and a net amount of cash on hand of +$1.2 billion, assuming that $3.2 billion of the Retail Pharmacy sale proceeds are used to pay down the entire existing long-term debt on the company's books. +* ELIXIR's projected sales for RAD's fiscal year 2021 (ending February 2021) are approximately $8 billion. During each of the past four (4) quarters, RAD has reported ELIXIR's year-over-year growth rate to be in the range of 23 - 29%. +* ELIXIR's projected EBITDA for fiscal 2022 (begining March of 2021) will likely be approximately $200 million. Once again, I am taking a conservative estimate, and basically considering that a business that has grown 23 - 29% each quarter for the past year, will suddenly see little to no growth in the upcoming year. +* With only 55,000,000 shares outstanding today, the $200 million EBITDA generated by ELIXIR translates to roughly $3.60 per share in earnings. Using a highly conservative PE multiple of 8, a stock price of $28.80 results. However, the cash-on-hand of $1.2 billion (from the sale of the Retail Pharmacy business after long-term debt payoff) produces additional value of $22.00 per share, resulting in a stock price value of more than $50 per share (which is more than double the closing share price of $24.78 on Friday, March 12th, 2021). +* The newly created company, ELIXIR, would be well-positioned for growth in the small-to-mid-size opportunity segment of the $400 billion per year PBM industry. With a net $1.2 billion in cash, that future growth could be achieved both organically as well as through acquisition. + +In conclusion, this analysis indicates that the conservative value of RAD today is $50 per share, well above the current share price being attributed to the organization by the market, which is just under $25 as of Friday, March 12, 2021. + +The purpose of this post is not to suggest that a breakup of the Rite Aid corporation is the best strategic path forward. (I personally believe that the company has the potential to generate a price per share north of $100 in the next 12 - 24 months if it keeps the entire organization fully in tact.) Rather, the purpose of the post was to reveal the hidden value locked within RAD that is clearly being overlooked by the investment community, by analyzing one possible break-up scenario. +I don't understand the "bullish" exuberance I keep seeing. + +Macro economic data has not improved over the last week. + + We received a poor CPI report with the assurance that more rate hikes will follow. Valuations for many of the S&P's larger holdings are still overvalued (AAPL, TSLA, NVDA, etc.) according to a DCF model. The stock market to GDP ratio (Buffett Indicator) still indicates we're pretty far from the market's intrinsic value. We're still seeing inflows for ridiculous ETF's like ARKK. Lay-offs for many of the worlds largest companies continue to be reported. Interest rates on a 30-year fixed continue to climb. + +Do people really think we're headed up into a bull rally from here? I see a lot of conflicting data that would indicate to me that we've still got a ways to fall. + +I'd love to read some opinions on the matter. Constructive criticism is always welcomed. +[https://finance.yahoo.com/news/wanted-remote-workers-fast-growing-040105546.html](https://finance.yahoo.com/news/wanted-remote-workers-fast-growing-040105546.html) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I will be taking L3 for the first time tomorrow, I am hoping after this to never again speak the words "Sorry, I can't go because I'll be studying that night." +That's pretty much all there is to say to it. u/substantialsummer634 is mass replying to posts, saying "Ukraine’s official Twitter account tweeted out a call for donations through bitcoin, Ethereum, and stablecoin tether on Saturday." and then adds an Ethereum address for donations. The first part is true, you can find the real addresses in [this very popular post](https://np.reddit.com/r/CryptoCurrency/comments/t26b00/im_uvladimirputin_and_im_asking_you_to_donate/). The address is fake though. + +Fortunately nobody fell for it yet, the last transfer to that address was 47 days ago, but please report the scammer to Reddit - I have done that already. Thanks! + +Edit: just in case their account indeed gets suspended, their posts look like this: "*Ukraine Update: Ukraine’s official Twitter account tweeted out a call for donations through bitcoin, Ethereum, and stablecoin tether on Saturday. I just sent what I could, wish I could do more . Have a. Heart Stand with Ukraine . Here’s the wallet address if you guys wanna donate anything to help. [Wallet address]*" + +If you see something like that, check if it's the real address and if not, report the account +This is a throwaway because my ex-coworkers know my main account. I’m in California. + +I worked full time remotely at a company for 5 years. My wife is a stay home mom and we have two kids (a 2 year old, and a 6 month old). In the final two months of my employment, I got fewer and fewer projects to work on. In April, my boss emailed and told me they were going to change my full time employment to part time, dropping me from 40 hours to 8 hours or less per week, and that I will also lose all of my benefits. He said they didn’t have have enough projects to keep me busy. I can't afford to lose my hours and medical benefits (it is what covers my family!), so I emailed my boss and pointed it out to him that cutting my hours from 40 hours to 8 hour or less is a lay off. That I would rather he just laid me off so I can start looking for a new job. He agreed and told me he is going to process my lay off per my request. + +I applied for unemployment and during the phone interview for unemployment eligibility, the interviewer told me my boss told them that I quit my job because I was not satisfied with the work. I told them that was not true as I was laid off. The interviewer told me they were going to investigate. Today I called the EDD office to follow up, and they told me my claim was denied and that I would a denial letter within a week. + +I have been applying for jobs and have couple interviews lined up. I also have enough emergency funds to cover for expenses while I’m looking. But I do need the unemployment money in case I can't find a job in time. + +Do I have a case for an appeal? + +Edit: Yes, I have all of the emails copies. Is email evidence enough to proof my case or I should hire a lawyer? + +Edit 2: Wow, more than 7000 upvotes!! Thank you all! Didn't expect this will get so many attentions. +Let me answer some of the questions here: +1. I forwarded the work emails to my personal email account before they took over my work email. +2. I pointed out to them that what they were doing (cutting my hours from 40 to 8) is consider a lay off and I rather they just do it. I didn't mentioned I am going to look for a new job. + +...because I can't even remember the last time I only had a 40 hour week. + +Stuff like "face time" matters. Sure, technically the working hours at my workplace is 9.00-5.30pm but if you left at 5 everyday...within a week you'll be given more work guaranteed. Instead, leaving at 6 is already an early mark. + +It can't only be me that is experiencing this yet my social media feed is flooded with the idea of a 4 day work week. In theory, I am definitely for it. In actuality, how realistic do you think the idea is? Especially if you are asking the employer to keep your salary at the current level. + +Even the new mothers in my team who work 3-4 days are online all the time. I really want the 4 day week to be reality but the more I think about it the more like fantasy it seems. + +Agreed? +TORONTO -- Air Canada is indefinitely suspending dozens of domestic flight routes as the airline struggles to fill seats during the COVID-19 pandemic. + +The airline announced Tuesday that it would end service to eight domestic cities and cancel 30 regional routes due to weak demand for both business and leisure travel in the midst of government-imposed travel restrictions and border closures. + +More to come… + +https://www.ctvnews.ca/business/air-canada-ending-service-to-8-cities-suspending-30-regional-routes-1.5005756 +Like the title says I'm weighing up the cost vs benefit of a house cleaner. + +Wife and I work hard and in the last couple of years we've been saving 50-70k/year without too much effort. + +While we work hard we are both messy and get way to lax about cleaning. At what point am I not crazy to hire a cleaner? + +Keen to hear any good or bad experiences and if anyone can recommend how to go about finding and hiring a cleaner. +I don't really have anyone else to tell this stuff to. + +In 2015, at age 24, my gross income was under $12k. I was living in an very expensive area (one of the top 10 most expensive in the USA) with 5 roommates, barely scraping by on food each month. In fact, at one point, I had less than $1k in my bank, with rent to pay. That year, I started reading this sub, along with r/personalfinance and r/investing, among a few others. I became motivated, and formed a concrete plan. + +I started cutting anything I could cut, saving every tiny little bit I could, and searching for any opportunity I could find. I started tracking every single dollar that I earned and spent. I fought until I got a better job. Got rid of my $800 car, bought a bicycle. Searched high and low for a cheap apartment. Found a tiny room I could afford with my girlfriend. Less than a mile from both of our jobs. Cook at home, mostly. Rice, beans, lentils, eggs, and cheap in-season veggies. Spices make everything great. + +Now, almost 4 years later, my gross income is over $40k. Over 65% of my money goes into retirement accounts. I have a 6-8 month emergency fund. By conservative projections, I'll be worth in the 7 figures by the time I'm in my 50s. In fact, my current projected earliest safe (3% withdrawal rate) retirement age is 42 (extrapolating from two years of my spending habits and portfolio growth, excluding my pension and social security). Only 14 years from now. + +Thank you guys so much. I've mostly been a lurker, and generally switch accounts often, but I've been here. And I've been reading and learning the whole time. This place is incredible, and I appreciate every one of your contributions. + +To anyone getting started, learn Google Sheets. You can easily make web forms, so I add all of my income and spending information on my phone. It takes me less than 15 seconds a day, and I track literally everything. From that, I'm able to do all manner of incredibly illuminating analysis on my spending habits, and good guesses about the future. It's been one of the most transformative habits I've ever formed. + +EDIT: By popular demand, here's a post about my spreadsheet: + +https://www.reddit.com/r/financialindependence/comments/armyzp/by_popular_demand_my_finance_spreadsheet/?ref=share&ref_source=link + After Friday's close, SI reached 70.97M from Jan 21's SI of 70.46M. Institutional cost of borrowing also increased very slightly to 24.2%. + + [GME SI left to the rightmost column(exported from ORTEX data)](https://imgur.com/a/0gQjYT6) + +We know GME absolutely ripped in Friday due to gamma hedging. Some old shorts covering could have been the main reason behind the ignition switch but I am not very confident about that. + +GME is already ripping in pre-market and I don't know what's triggering that. Maybe it's retail euphoria. + +Looks like we will continue to have gamma squeezes, tweets from Papa Cohen etc until shorts are forced to cover and close most of their shorts. I am changing my thesis. I thought we will see a slow TSLA-esque short-covering in GME. Looks like we are setting up for something much quicker. + +^(Disclaimer: This is based on ORTEX's best estimates. I am not a financial advisor. This is not investment advice. Invest in anything at your own risk.) +It is all so confusing. We are very late starting to think about retirement etc (38 and 39 years old) employer does not offer a 401k. What is the best option for saving/investing for the future? +https://www.businessinsider.com/tesla-asks-employees-help-delivering-30000-cars-end-quarter-2019-3 + +Edit: Automod said to include some information, not sure if I need to include a synopsis, but basically the article is going into detail about what the headline makes pretty clear. After the store closings, non store closings, layoffs, and recent bond payments, this looks like another piece of evidence for Tesla running out of cash. + +Kind of a shame too, I love Elon Musk as a visionary and I think his companies are overall doing good things for the human race and the planet. Unfortunately, that alone doesn't pay your creditors. I wish they would have taken things slower and kept their focus on the luxury market until they were really ready to attack the mass market, or maybe do some kind of incremental or regional releases until they can scale properly. + +Edit 2: A family member is a contractor for Tesla and hasn't received this email so it must be strictly to payroll employees. Waiting to hear back from him to see if "volunteer" means you still get paid normal wages but move over to deliveries temporarily, or if it means work for free. + +_________________________ +Edit 3: Since people can't get past this argument on what "volunteer" means and Tesla has not made it clear yet, I suggest you all look to the past implementation of this (since many of you are also claiming this has been done before and so it's okay). An article from [March 2018](https://www.vanityfair.com/news/2018/03/elon-musk-wants-volunteer-employees-to-help-prove-teslas-haters-wrong) explains how the "volunteering" was carried out: + +>Because the company is ahead of its targets on the Tesla Model X and the Model S, the production of both models will be paused for the rest of the week, Peter Hochholdinger, Tesla’s vice president of production, told employees in another memo. **Instead, a “limited number” of employees will be given the option to work on the Model 3 line on Thursday, Friday, and Saturday, he wrote, adding that employees could also opt to use paid vacation days or take unpaid time off if they don’t move to the Model 3 line.** (Tesla told Bloomberg that the shutdown of the production of the Model X and the Model S are only happening on Friday, and not Thursday and Friday, and aren’t related to Model 3 production targets.) + +So yes, they were paid if they chose to move over to the 3 line. But the alternative, if they decide they'd rather stick to the job for which they were hired, was to take unpaid time off or use vacation days they had accrued. Make of it what you will because I'm sure many will find a way to put a positive spin on it. In my eyes, if the choice is to take time off or "volunteer" for a job you weren't hired for, it's not longer "volunteering". Regardless of where it lands on your morality barometer, the end result still seems to be to save cash. +I feel this community isn't doing justice to new people posting their portfolios when they have QYLD inside it. I often facepalm or continue to shake my head if I see that dreaded ticker inside their portfolio. + +Hey, I am not telling you how to invest. But I will say it now - **QYLD is a bad ETF.** + +If you are a new investor looking to get involved in defensive, high quality companies with consistent stock growth and dividend payouts, **don't go after this ETF.** + +I will show you why. I will compare to SCHD, QQQ, and SPY, with this site here: [https://dqydj.com/etf-return-calculator/](https://dqydj.com/etf-return-calculator/) \- This site continues to confirm how stocks do with dividends reinvested. I will be sorting these stocks based on QYLD's inception data of 12/13/2013. Each with 10k invested starting. + +**SCHD** \- 28,721, with an average return of 12.47. + +https://preview.redd.it/xj1l2twmnk5a1.png?width=747&format=png&auto=webp&s=4f41d6d0eca62be44d2c5c82be0fd085a2b9a09a + +**QQQ** \- 36622 - 15.57% Annual Return + +https://preview.redd.it/n6hqm964ok5a1.png?width=758&format=png&auto=webp&s=93a94e9c6c0a735f23db94a98a5cf0d3817425ae + +**SPY -** 26309 - 11.39% annual return + +https://preview.redd.it/tx1jqp2dok5a1.png?width=787&format=png&auto=webp&s=d3f45ad1076b1c1ca0403b00edc2110bca18d2c2 + +**QYLD** \-16815 - **5.97%** Annual return + +&#x200B; + +https://preview.redd.it/ck569ezhok5a1.png?width=826&format=png&auto=webp&s=10fb4f6aa5bced94292030b50c7d5408a1a55ea4 + +QYLD on average since its inception has only pulled a 6% average return, and this is the end result with all 4 ETFs. **Even during this stock depression/downturn.** This ETF doesn't go up when the markets are doing well, and when the stocks go down, this thing goes in free fall with them. Hell, even Reality Income, a REIT, has a 11.47 return since QYLD's inception. The above diagram shows similar style behavior in loss to QQQ even. I know it tracks that, but oh well. It is not what it should be doing. + +Please stop recommending this ETF to new people that want to invest in DRIP/Dividends. + +**Edit 1**: There have been a couple of arguments that have come up in the past 10 or so hours since I have created this. + +**Argument 1 -** You're not being fair to QYLD and your selected timeframe continues to not show relative data. Its only a selected timeframe. + +**Answer:** I do not understand why people continue to bring this argument up. Sure, the data above I show a bull market that is one of the biggest in history during low interest rates, but what data do you want me to use? QYLD came out in 2013. There is no data going past that. Especially to the "Dot Com Burst" that all of you want to mention. Your argument is just as flawed as QYLD's timeframe itself, as there is no data past 2013. + +**Argument 2 -** I don't care about this ETF and only care about the monthly payouts. It sits and I do nothing, and it pays me. So you are wrong and I am right. + +**Answer:** Again, another false claim, if you look at the data. This ETF's value at a stock-based price has depreciated by 34% since its inception in 2013. In respective terms at a 11% dividend, you've technically killed 3 of the 9 years since this ETF has been created in value alone. Say what you want about DRIP and other things, that is the case here, and you cannot deny it - + +https://preview.redd.it/et38z95ybo5a1.png?width=689&format=png&auto=webp&s=af4b3dc20289dd20911d0c4136158f48541132ec + +If it stayed stagnant at 25-23 range, I would understand a bit more there. There is another ETF that does that though - QQQX. QQQX has stayed relatively stagnant since its inception compared to QYLD. The only difference is that QQQX doesn't pay out a monthly dividend. The fact QYLD goes down during the biggest bull market of all time and continues to go down even faster during the recent downtrend is a huge red flag. + +You'd be better off continuing to invest in SCHD without reinvesting the dividends and selling 3-4% of the stock each year. SCHD would still pull around a 7-8% return on average with the dividends not reinvesting, still pulling a long term positive on your money. This hybrid model has been done by others with great success. + +If you're down for deprecating value and not getting a solid return on investment longer term, even at the older years, go for it. I don't see any argument here other than convenience and you not having to do any profile maintenance. Which is not really too smart at all. + +**Argument 3 -** You're making fun of my investment. My ETF is part of my religion, and I don't appreciate that. + +**Answer:** We need to be speculative and have an open mind set on criticism. If you don't do that with the finance market, then something is wrong. I feel bad that you have drawn an attraction to a stock/ETF, where the main goal of the institution is to make a profit on your investments. Since QYLD has a high expense ratio, that is another huge problem. + +No comments below have given me a detailed response showing QYLD being actually good, with proper data. +Got my first “big” dividend from my 4 shares of Coke this morning @ $1.28!! Definitely not a lot, but feels great, especially with drip activated! Love this community! +Hi all, + +I've searched up and down and didn't see anything close to my situation with my specifics. Similarly, because this situation is, I think, unique, I figured I would post here to see if anyone can help me out. + +Currently, I have about $20k in debt on a single credit card- thats the only debt I have. I have been paying roughly $400 month on the card to try an pay it off, but somehow it seems like the balance stays right at $20k regardless of what I do- the interest seems to be the culprit in this (the APR on the card says "12.15% [Prime + 7.65%]"). It feels like a two steps forward one step back kinda deal. + +I do have about $20K in mutual funds (Trad. IRA) at the moment and as I am sure most of you would agree with, there is absolutely no way I should cash that out to pay the debt...or should I? The idea being that once the debt is paid, I can replenish my mutual fund so I won't keep gaining interest and actually pay the card off? I also thought about trying to transfer the balance to another credit card with an 0% APR to start and try to aggressively pay it off. The problem with this is that with other bills, etc. I have enough to put some away in savings and then some for me. + +My credit score sucks right now at just over 600 due to some medical bills I am fighting at the moment. + +I REALLY just want to get this debt paid off and move on from it, I feel like its been years like this and I am throwing my money away. + +If anyone has advice, or more questions to clarify, please ask- I am begging you and want this to be done with! I am 35 and planning to move across the country at the end of the year with my partner to start a family and would like to knock off as much debt as possible. + +Thank you in advance! + +Edit 1: Mutual Fund is Traditional IRA + +Edit 2: I appreciate all the comments and suggestions...THANK YOU ALL! - it has been eye-opening for me. I have to step away from my computer for the rest of the day, but will try to reply to everyone when I get back and update with what I decide on as my plan of attack! Thank you! +Title says it all. + +After wasting 30 minutes clicking through and being forced to get the deluxe package due to having an HSA, a window pops down for a brief second showing it's gone from $71 to $110 for NO REASON! + +H&R can bite me. Does anyone know of a less expensive way to file? +In May 2019, APRA removed the minimum serviceability floor (MSF) of 7% for the servicing of new home loans. For background, the minimum serviceability floor is used to calculate how much you can afford to borrow. So even though you’re actually paying 2.50% ish, they’ll use the MSF to figure out how much you can borrow given income/expenses levels. + +Banks are now allowed to set their own MSF, and as a result that level is now closer to 5% https://imgur.com/a/fUbspIk + +With global bond yields seemingly having now bottomed and rising, I’d say it’s reasonable to assume this minimum threshold has also bottomed. + +Almost every year for the last 30 years in Australia you have been able to walk into a bank and borrow more than the previous year - this has been THE driving force of house prices. + +I am short-term pretty bullish on housing. But long term, I’m bearish and have been for a while. The main reason is the tailwind that was a declining MSF has now likely gone. + +No I am not calling for a crash. But anyone buying property here can expect pretty underwhelming future returns. + +Edit: spelling errors +In May 2019, APRA removed the minimum serviceability floor (MSF) of 7% for the servicing of new home loans. For background, the minimum serviceability floor is used to calculate how much you can afford to borrow. So even though you’re actually paying 2.50% ish, they’ll use the MSF to figure out how much you can borrow given income/expenses levels. + +Banks are now allowed to set their own MSF, and as a result that level is now closer to 5% https://imgur.com/a/fUbspIk + +With global bond yields seemingly having now bottomed and rising, I’d say it’s reasonable to assume this minimum threshold has also bottomed. + +Almost every year for the last 30 years in Australia you have been able to walk into a bank and borrow more than the previous year - this has been THE driving force of house prices. + +I am short-term pretty bullish on housing. But long term, I’m bearish and have been for a while. The main reason is the tailwind that was a declining MSF has now likely gone. + +No I am not calling for a crash. But anyone buying property here can expect pretty underwhelming future returns. + +Edit: spelling errors +Like a lot of millennials I'm feeling very stuck, try as I might i am struggling to find work, I live alone and my income is jobseekers allowance which is next to nothing really. Thing is though, even when I'm working between transport, bills and extra food im still left out of pocket. I've got 0 credit rating so can't borrow money, if I ever manage to scrape together money for a car I end up having to buy a piece of junk that lasts a couple months and can't afford to fix when it breaks down. + +I went back to college and got an HND but that seems to be only worth the paper its written on at most and the only job I seem to be able to get is a very physical one that doesn't pay well which doesn't help. On top of that my body is breaking down due to the work, I'm not even 30 yet and I've got constant tinnitus, my back and knees always hurt and its just not sustainable. Any money I get goes on bills, or paying back money ive had to tap off someone to get by. + +I'm at my wits end here, I've not had a decent meal in months and I'm fed up of counting together coins before going into a shop to see what I can buy. I hate this, I'm on my own and can't even date or make friend as I've got no money to meet people or do things with them. It feels like I'm priced out of having a life. + + +I don't want to be rich, I don't even want to be well off. I'm just fed up of living like this. What can i actually do to get somewhere? If you had to start again now with absolute 0 and no chance of credit what would you do? + +EDIT: thanks for all the replies theres some things I'll look into, to answer a few questions my HND is in software development and I can even seem to get an interview so I've no idea why JuSTLeArN tO CoDe is such a popular answer. By the looks of things the answer is to find a career with work your way up potential so ill be looking into that and see what i can find, I think a lot of jobs seem to see all the years working in garages and just brush over me as thats where my experience is but I just can't do it anymore. My body is fucked and the pay hasn't improved much in 13 years so there's that. + +What do I want to do? Not live in poverty anymore, I have my whole life (nearly 30 now) and I'm just sick of it, don't really care how I just don't want to be poor anymore honestly + + Thanks everyone for all the advice +Hi all! + +I know some of these topics have been discussed before, but I wanted to open the floor for a few questions I have that I haven't quite seen a lot of feedback on. + +The tl;dr is that I've (32 y/o) been casually "dating around" for my 20s but now am finding myself \~6 months in with someone and feel like this could be "it". In the past \~2 years, I've managed to increase my liquid wealth by +$15M and haven't really been serious with anyone since this happened, so these are new conversations to navigate. (If it matters, she does well but not FAT well – think \~$100k salary) + +A few things are springing to mind: + +1. When (if ever) should I start to get into specific numbers? A lot of guidance I have seen for the newly wealthy is around "stealth wealth" / pretend like it's not real / cautionary tales about how it changes people's perception. I've been following this advice for better/worse, but obviously hiding things from a partner is not a good move long term. She currently knows that I'm doing well, but is that enough? Obviously if we were to get married/committed, I think at some point we get into specifics, so I guess I'm just not sure when that "milestone" happens. +2. Along the above, I am happy to spend money on wonderful experiences for us. I've occasionally asked that she not post specifics on social media just to avoid her friends / others getting another image of my/our situation. i.e. if we go out to michelin dining + four seasons trips every month, that feels like it starts to project an image to her friends. She is understanding but I've had trouble wording this to her because of my desire to not get into specifics (see above). + +I guess I'm realizing the common link/concern here is "image." I can control my image in my social life, but I can't (i.e. shouldn't) control her image. But her image impacts how I think others may perceive me, which is the concern here at the end of the day. + +Sorry if this is rambling. I may be overthinking it. I guess I am just a little uncomfortable and looking to hear from others who have been in this position. these are all "good problems" at the end of the day :) +I am truly interested to see why apes haven't done it. I know some can't and others have to cover fees, but I hope a single thread may be able to clear up some issues and assuage some fears. + +So the thing says I need more words. + +Be kind to one another. Be kind to yourself. Remember to use sunscreen. Lambos are cool, but fixing the world is cooler. +$BBBY - 1000 $5Cs and 1000 $6Cs. Took the position about 2 1/2 weeks ago after I felt confident of a bottom in the $4.30 range. I YOLO’d $45k into 2,000 calls, and diamond handed them until 3 PM Eastern standard time Friday, August 6, 2022. + I pretty much timed to the bottom flawlessly. Ended up selling 1750 contracts and collected roughly $350,000 in premium. Exercised the remaining contracts (250 - 25k shares) and rolled another 125K into $GME shares as well as multiple strike calls - $40, $45 & $50 expiry 8/26. Kept roughly $100K for myself . Without a doubt, the best trade of my life. +We’ve all seen it parroted on every investing related thread in the history of Reddit- “time in the market beats timing the market”. But I feel like this phrase gets misused quite a lot, and I would like to take this boring workday of a Saturday to just show the power of what “time in the market” actually has. + +1. What “time in the market” means and what it doesn’t mean + +Time in the market means, basically, maintaining ownership of assets that either 1, typically appreciate in value over time (stocks, real estate, commodities, etc) or 2, that produce a steady, ideally increasing, stream of income (dividend paying stocks, a business, rental properties, debt, etc). By “time in the market” it means that ownership of these assets over long periods of time, as in years and decades, is the key to wealth accumulation. If you look at most wealthy person alive today and in history, they gained their wealth through assets. They accumulate assets and own them. + +“Time in the market” does NOT mean buying clearly overvalued hype stocks because “I’m in for the long term”. I’m not gonna say any because I don’t want the comments to just be arguing about whether or not tesla is overvalued, but I hope you get the idea. However this doesn’t mean to just let your cash sit on the sidelines “waiting for a crash”. Typically there is no reason to have all your net worth tied up in cash, as it is the only asset class guaranteed to lose value over time. + +Rather, you should be in the middle: continuing to own assets you already own and being on the lookout for more, fairly valued ones. I promise you that you can find value out there if you look for it. Even then you don’t necessarily always have to be buying. Sometimes doing nothing is the best choice. + +2. You’re probably wasting your time (and money) + +If you’re anticipating a crash, good luck. There have been 8 major crashes since the 1920’s: an average of one every 12 years. There have been flash crashes and small recession but these shouldn’t concern you at all. On the large scale, the market has trended up for most of its existence. What makes this time different, exactly? Bulls have a tendency to believe that this time is different, but bears can have the same mindset, especially considering that the US has been in a bull market for most of its history. So what makes this time different? + +Sure, we will enter a bear market eventually but the US market has never failed retest its highs. If you’re selling because you anticipate a “correction”, you’re just wasting your time and money. Corrections are a blip on the radar over time. They are normal, healthy and should be seen as a good thing, just the market breathing, per se; nobody actually thinks “stocks only go up and never go down”. + +Once you gain real money, in the high six figures and up, taxes will really start to eat into you. Selling positions with the intent to buy back in after a correction is probably an unprofitable endeavor. Why pay a good chunk of your earnings in taxes just to buy back 10% cheaper, especially when the 10% drop may or may not happen when you expect it to? This ties in to the last paragraph of point one, sometimes it’s best to do nothing and just continue to hold, letting your money work for you. + +3. Generational wealth + +This is my main point. The Rothschilds, for example, have been building an empire for almost 300 years. That is 300 years of compounding interest. One thing they have done is accumulate assets, not sell them. The wealthy families of the Netherlands have been passing down assets for almost 400 years. + +Even on a less grandiose scale, just look to this subreddit. You’ll notice a lot of the users with higher portfolio balances probably received a nice inheritance somewhere along the way. This isn’t a bad thing and shouldn’t be shamed. After all, isn’t that everyone’s goal, to pass their wealth into their children? Unfortunately, with inheritances, a huge majority of inherited wealth is lost by the third generation. When the younger generation doesn’t know how to properly manage wealth, they end up wasting it all instead of further building it up. + +4. Compound interest + +Some call it the eighth wonder of the world, and rightfully so. There is no reason to interrupt compound interest unnecessarily. I would hope that most people here are investing with the goal of attaining compound interest, and selling your compounding assets is a solid way to halt it. + +5. Dividends + +Whether or not you chase dividends, I think we can all agree that we get some form of dividends or income from our investments. Dividends really show their power after several years of ownership. Buffett, for example, gets a 40% annual return from dividends on his initial Coca Cola investment. Fourty percent! And he doesn’t even DRIP them. Why on earth would people get rid of their assets that have potential to give those kind of returns after some years of ownership is beyond me. If you do a dividend return calculator going back multiple decades, you’ll find that most dividend paying securities will have similar returns once you have mature ownership of them. + +6. On “timing the market” + +This is probably a controversial one but I definitely don’t believe in just buying whatever tickers you want because “time in the market beats timing the market”. Like I said above, time in > timing because of generational wealth, compound interest and ownership. It doesn’t mean buying the hottest Reddit ticker because you’re in for the long term. Taking well assessed risks with positive and realistic upside is ideal. + +Spending time to make sure the investment you’re about to make is a good investment is smart. If spending a week or two assessing your decision is a way to “miss out on sick gains bro, it’ll go up another 50% before you buy”, it’s probably a FOMO stock and you shouldn’t be in in the first place. If patience is key, that means patience with buying is just as important as patience with holding. + +At the end of the day I’m a believer in ownership. Looking through most of wealthy individuals of today and in history, they all had one thing in common: they maintained possession of assets. They don’t sell their portfolios because they’re scared of a crash, they don’t have their net worth in a savings account. They assume a little bit of managed risk and let their money work for them. + +I made this post because I have to work on a Saturday and have nothing going on, I hope you at least enjoyed it or disagree with it so we can have some discussion going. +During my time with a bank I won’t disclose, we had our payment service go down 2 times. + +The first time it happened, our systems were down for 2 hours. During that time you could check your online banking, you could log into all of your services, but any service that attempted to remove money from the account during that time did not work. Regardless if it was transferring from online banking, paying with a card, or a third party like pay pal attempting to pull out the money. The transaction would just be declined. (It sucked for us cause it happened on a Sunday and we had a skeleton crew, which meant we were flooded with so many angry customers we had 60+ minute waits) + +The second event is what I suspect is happening to Bank of America, if they are having a legitimate outage. Our data centers got cut off from our systems during this event. I believe that one lasted for 4 hours. You could log into online banking, however it would not show any accounts. You could not use any form of payment, ranging from card to check. You could not use third party payment like Venmo or PayPal. Hell, bank employees couldn’t even log into their programs to pull up customer information. We were stuck telling customers we can’t help them unless they have a general question, and that we have no idea when the problem will be fixed. We just know we have a team on the job. + +The thing is, in neither event did we close our doors. There wasn’t much we could do, but we were still there. We had no idea on how long the shortage of service would last, so we just kept to our regular schedules and waited for it to come back on. If Bank of America was having either of these events take place they would not close their doors. I could see them doing so if the repair crew called up the chain and said the repair wasn’t going to be done in a day or more. However it is VERY unusual for a bank to change plans in the middle of the day. I would think they would have kept their doors open for the rest of the day the shortage started, and then close for the next day. But there was no warning given, they just didn’t open. + +On top of all of their other odd activity from the year, the sudden closes, the quiet board ups, the odd service going quiet. Something strange is happening with them. I don’t have evidence on what could be, so I won’t speculate. I will simply say it is strange. +The company I work for was the target of a scam that was well-planned. I would not be surprised if this works on some folks - please be careful people! + +I received an email yesterday purporting to be from one of our employees. The email was "him" asking if it would be possible for me to update his direct deposit information. If so, he'd send me his bank account information. + +Things that made this scam potentially quite effective: + +* They researched our company and selected a real employee and used his first and last name. +* They created a gmail address that could plausibly be his. +* They researched our company and correctly guessed that I am the person that runs payroll, and figured my email address. +* They weren't overly aggressive in their request (e.g. sending bank information straight away). + +Things that alerted me almost immediately to it being a scam: + +* We use an HR service where employees can self-manage direct deposit along with everything else. +* We almost never send email internally and communicate via slack or in person conversation. + +Fortunately as a company of ten people it was a pretty quick "Hey, this email I just got is bullshit right?" and he said "Haha, oh yeah that's bullshit", however if we were larger and communicated more via email then it could certainly work on some companies. + +Please be careful! +I am going through my first time of having to use PHI for a surgical procedure. I pay a rather small amount for PHI as part of it is subsidized by my work but honestly it is a complete waste and it is the highest level of cover from Bupa. + +The only real benefit of it is covering the costs of the hospital but as soon as you have to involve a specialist and other healthcare providers nothing is really covered. If you didn't have PHI, Medicare would give you the same back. It's all based on what the MBS fee is not what the specialist actually charges (my case 3 times more then the MBS fee) leaving a large gap as well as anesthetist, xray, pathology etc. charges on top. + +The alternative is to go public as a public out-patient and pay nothing but its about the wait. Majority of specialists say they participate in PHI gap schemes but rarely use them.. in short PHI is just a waste of time and I'm left with deciding between chronic pain or being in debt with out of pocket expenses. + +Has anyone else had similar experiences? +So I received a letter from Lincoln Financial Group stating they needed to transfer ownership of the policy to me (the insured). The thing is I'm just now getting this letter 17 years AFTER my dad died. They won't tell me anything else because I'm not listed as the owner of the account. They want my dad's death certificate first. + +So, my question is this... I've had a policy covering me in case I died for 17 years? Since I'm insured by my husband, can I cash it out? Should I cash it out? +The FED has lowered rates for 40 years.... + +For 40 years corporations issued new DEBT and paid off old DEBT. Investment banks became rich over this time. The Investment Bankers were paid huge bonus's for years to do this. And now... everyone has debt... + +USA has $30 trillion at the Federal Level + +China $7-8 trillion. + +See as rates went down... nobody anywhere actually paid off any debt - they just issued new debt - to pay the old debt - + +And what really drives me nuts is... my cucumbers are up more than 50% this year. The FED talks like a .25bps rise will actually hurt us? + +Let me tell you something - the consumers and people have been dealing with crazy high inflation for a while now - but the FED can't handle a .25% raise... + +The economy will work thru a rate raise - its the FED who can't - + +[Rates went down for 40 years...](https://preview.redd.it/lt7hvz3ckqn81.png?width=1732&format=png&auto=webp&s=e1146caf2bcdb715e72e086a3a67947a68ae5590) + +Once the FED raises this entire fake money scheme comes to an end... I wrote about it last week and how T owes $150bn or so in debt... The DD is below and goes in to the debt problem in more detail in my typical smooth brain edit... + +[https://www.reddit.com/r/Superstonk/comments/t98ws3/usa\_has\_a\_corporate\_debt\_problem\_which\_is\_a/](https://www.reddit.com/r/Superstonk/comments/t98ws3/usa_has_a_corporate_debt_problem_which_is_a/) + +Any rich Billionaire sitting in a $100 million mansion probably sold a tone of shit somewhere that they don't want to cover/close - heck they closed down the LME Nickel trade for a week and nobody even caressssss.... + +So all of this DEBT has piled up around the world and thats the DEBT super cycle that all the DD writers talk about... Thats the fixed income bubble thats gonna pop.... All of that money is going to be transferred to GME - because GME is the first to get paid when everything goes belly up - + +Over the last year - Financial Firms and Market Makers kept shorting GME - even as much as 75% short in a day - last week - in fact, they are shorting it as much as ever. People all around the world, have not stopped buying. + +APES... are registering the shares in their own name - They even have a public count that shows how they are doing. And Ken and Friends kept shorting... The people who oversee Ken and CO - let them keep shorting - And now the debt is due - + +But if the fed doesn't raise today - they can essentially can kick another month... and your gas and food will go up more - and you'll spend less on wants - and your economy will crash - but... those billionaires will get to keep their mansions... + +spread the word... + +**Citizens get beat the f### in every cost - recently they passed the rising gas cost on to us - the FED cant raise rates .25% is all the confirmation I need that this market is being propped up - more on that below.** + +[**https://www.reddit.com/r/Superstonk/comments/tdamv6/the\_fed\_pump\_is\_not\_working\_anymore\_quantitative/**](https://www.reddit.com/r/Superstonk/comments/tdamv6/the_fed_pump_is_not_working_anymore_quantitative/) + +Yesterday Saudi's mentioned working with the Chinese in oil sales... I think this is a warning to the FED - tighten up your slop show or we cant take $$$$ in the future.... + +GME is just $6bn... GME isn't jack sh7t... they have trillions and trillions of dollars in debt - someone needs to get paid - and someone is going to be forced to sell... + +Because GME is a short position it gets closed first - before anyone else is paid - it makes it very SR - + +tagging for speculation - I dont have time to proof read for semantics - DRS your shares before they screw you 2. Theres no way they have enough. Thanks APES!!! + +MOASS incoming... + +Hopefully we destroy this unlimited balance sheet crap once and for all + +Also bonus RC tweet idea - he is actually confirming that the GOV is cracking down on short sellers??? I guess it could be inferred both ways - oh Ryan... why you always gotta do us like that lol +Edit: Seems it could be intentional sliding. As of now, more are showing up with plenty of upvotes. Either way, Buy/Hodl is the remedy. Edit2: The aggressive and unnecessary comments are only confirming sliding... as well as more personification and old ken memes showing up still. I rest my case. + +**STOP POSTING THE SAME MEMES** + +You are flooding the sub with the exact same "old man ken reaction" images. + +No effort. No creativity. No differences between yours and the previous 20 that are flooding the sub. + +I shouldn't wake up to **FIVE** of the same fucking images with crappy titles on "HOT" with tons of upvotes. I can let tweets from RC or DFV slide (self explanatory), but these no effort reposts for karma are getting out of hand (and not that funny tbh) + +&#x200B; + +Sorry I didn't want to be the bad guy, but this needed to be addressed. + +Back to your regularly scheduled Fuckery Friday in the casino. 💎🙌🚀 +Gamestop's NFT Marketplace will be available before the end of the next trading week (before Saturday 5th of March), and I'll take a ban from the subreddit if it doesn't happen since I'm 100% convinced. + +Today GME moved another 2.000.000 IMX coins, if you add up the 1.700.000 they moved last week or whenever, it's 3.700.000. When they announced the GME x IMX thing, they showed some milestones, the last one said that, if achieved, GME would move a total on 3.7M IMX coins 48h before the Marketplace goes live. + +I barely remember what I ate today so probably all of this is wrong, NFA. + +Edit: I wasn't aware of the mods opinion on this until some of you pointed it out. If I'm wrong, I'll donate £100 to JuegaTerapia (juegaterapia.org), it's a spanish organization that provides therapy through gaming (and more stuff like chemo, etc.) to kids with cancer or terminal ilnesses. + +Edit2: F in the chat. [Post](https://www.reddit.com/r/Superstonk/comments/t6pcvd/an_ape_always_pays_its_debts_gg/?utm_medium=android_app&utm_source=share) +Before looking at the data, here are the Major Market Makers that supply the majority of liquidity in the stock market. Citadel should be on this list FYI. These market makers have purposely dried up GME's volume to the point where we are breaking low volume records every month. Most of these MM's have large PUT positions in GME and are the ones that are suppressing the price. Ironically when GME goes to the Moon, it will be thanks to these guys as well. + +https://preview.redd.it/xnt0epimbqy71.png?width=1036&format=png&auto=webp&s=b43487892ec2d7ed1ef9f90eda1d34959f8c0242 + +Below is from [streetinsider.com](https://streetinsider.com) and it shows the notable holders of GME including Put and Call options. Notice that the majority of the Major Market Makers hold PUT positons in GME and there are NO Big Call option holders compared to other stocks. + +When the liquidity is low it costs these MM's less money to bring the price down. It's a win-win for them to control the price but a MAJOR issue when they have to cover because it makes the price shoot up like a fucking rocket. + +Edit - Group One Trading is one the largest Options Market Makers just like Citadel. + +https://preview.redd.it/sh53b09obqy71.png?width=1344&format=png&auto=webp&s=55156152114ed5969828d808fafe1cc0c1ea6b01 + +Now what's interesting is that the Big Put Holders of GME have massive Calls for the stock below. This tells me these Major Market Makers are not worried about suppressing this price. Susquehanna and Jane Street seem to be using the stock below as a hedge for GME since they seem to have similar price action. + +Citadel on the other hand is the only Major Market Maker who has a Put position in this stock below. This makes me think Citadel is the MM that shorted mutliple companies during Covid. I could be wrong but it's interesting. + +https://preview.redd.it/yx5j9hbpbqy71.png?width=1612&format=png&auto=webp&s=92457e139b22432a8161fab526b79f0707a3f865 + +Here's the original meme stock and it's very similar to the one above but Citadel has a Call position rather than a Put. Also these two stocks are Very Liquid and always have a tight bid and ask spread, especially when comparing it to GME. The big pump we are currently seeing from this stock is most likely because of Citadel. + +https://preview.redd.it/qz2ouhnqbqy71.png?width=1334&format=png&auto=webp&s=c0b7f3a4ea18b1191cb9b3531550ba52062ba914 + +And finally here is the largest company on the stock market and is the most known blue chip stock. The majority of the holders just own shares and are long. There is no Major Maker at the top who is dominating the stock. This stock is not that volatile and always has a tight bid ask spread as well. + +https://preview.redd.it/u6ku3r6wbqy71.png?width=1344&format=png&auto=webp&s=57c07fc27809ca6fafdff52b56c544a56370b769 + +TLDR;Susquehanna, Jane Street, Group One, Citadel and Wolverine Trading all have large Put postitions in GME and are also the Major Market Makers of the stock market. This explains why GME has such low volume because it's easier to suppress and control a stock when the volume is low. + +These market makers also have large Call positions in other meme stocks leading me to believe they are using them as a hedge for GME. These other meme stocks also don't seem to have an issue with liquidity. + +The Market Makers are teaming up to keep the price of GME as low as possible unlike other meme stocks, hence GME IS THE ONLY PLAY. +[https://www.cnbc.com/2020/09/14/barra-gm-conducted-appropriate-diligence-on-2-billion-nikola-deal.html](https://www.cnbc.com/2020/09/14/barra-gm-conducted-appropriate-diligence-on-2-billion-nikola-deal.html) + +Either GM is desperate or Nikola is a really good scam artist. +They're saying I don't have the authority to remove myself.. how is that even legal? What can I do to get it removed if we don't speak anymore? They're nearly maxed out and while I'm aware I don't have any obligation to pay, I'm really not thrilled that it's killing my credit. + **TLDDDR (Too Long Dumb Dumb Didn't Read): Before market close today, the options mix conditions were primed for a significant increase in volume from hedgies hedging with small changes in the underlying price. Not sure if you saw this.... but AH exploded.... hedgies are f'd.** + +&#x200B; + + **Quick Recap - 1/5/2022 Posted Last Night** + +I've been on vacation over the holidays (Happy New Years btw!), but have been making mini posts over on my account for anyone actively looking for an update. + +[Last night, I made this post](https://www.reddit.com/user/yelyah2/comments/rx8t4c/gme_update/), which said said the following: + +"You'll notice that gme dropped past the unadjusted Delta neutral today and formed a spike. Think all indicators point towards gme dropping too low, and should bump back up. + +Also note that the DN finally leveled off, indicating hopefully the steady downward drop for the gme underlying should be bottoming out. + +The gamma max also has come down to $183, moving the goal posts lower for some squeezes!" + +&#x200B; + +[GME 8\/24\/2020 - 1\/5\/2022](https://preview.redd.it/xon9h0qhl5a81.png?width=909&format=png&auto=webp&s=3d08e982de2abd84cb484607d82f3d375d40f311) + + + +**Read Me...** + +I've been posting for awhile, but I want to make it clear what information you can (and can't) get from me and my model (mostly indirectly asking.... why are you listening to me again?): + +* I don't know everything. I'm not a professional trader. My full-time job is a mathematician / statistical model builder. + * I got bored during lockdown and needed a hobby. My husband bought me a crochet kit, and I said... meh... I'll build a trading model instead. +* My model has not been peer reviewed, and it'll stay that way because I'm giving out my baby for free to this community. It's staying proprietary for now, but I also always post assumptions / methodology and answer any questions you have about my work. I've helped some people try to build their own model to replicate my results, and I'm happy to do the same for you. +* I have backtested my indicators using various machine learning algorithms, and my side-hustle is exclusively trading options using my model. It does very well. I also often show other tickers/years for comparison in most posts. This is the only proof I can give you. +* I have lots of caveats/limitations at the bottom. Read them. +* [I don't feel like posting my methodology/assumptions in every post (plus hardly anyone ever reads them). If you're interested, they're here.](https://www.reddit.com/r/Superstonk/comments/qfeama/options_market_says_the_price_is_wrong_with_delta/) +* My indicators are based on options data, but this post is not an endorsement to buy options. Please don't drag me into whatever options drama is going on in the sub. However, you're an adult and can do whatever you want with your money (buy the stocks, buy options, I don't care), just try to be sensible and don't gamble your rent money.... + * I'll say that options are an easy way to lose a lot of money if you don't know what you're doing, and it's also an easy way to lose money if you do know what you're doing... +* I'm hoping to continue posting mini-updates on my account, [https://www.reddit.com/user/yelyah2](https://www.reddit.com/user/yelyah2), because I'm guessing if you're there, you already understand some basics about the work I'm doing. Takes a lot of time to write up these posts and field questions, which I'm happy to do, but it's also a lot easier to just update an image on my phone with a couple of notes/observations. + * Feel free to check there, or ask for a different ticker and I can post there as well along with commentary. My model runs this analysis for any optionable stock. + + + +**Graphs** + +So without further delay, here's the updated graph with data through 1/6: + +&#x200B; + +[1\/4\/2021 - 1\/6\/2022](https://preview.redd.it/r7dv5rpwn5a81.png?width=1421&format=png&auto=webp&s=c613f6147d83db9ab69844a734ff3efa4bd4f372) + + + +The primary indicators included in these graph include: + +• **Delta Neutral (DN)** \- This represents the underlying price that would create a total market delta of 0 across all options (all expiration dates) for a given date and ticker. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. This graph includes two versions: + +* **Adjusted (grey)** \- excludes strikes in the extremes which are not typically actively hedged with movements in the underlying. [Look towards the bottom of this post for more information on this adjusted version.](https://www.reddit.com/r/Superstonk/comments/rg8cbg/gme_is_testing_my_models_limits_and_im_cautiously/) +* **Unadjusted (yellow)** \- includes all strikes in the delta neutral calculation. + +• **Gamma Maximum (GM)** \- This represents the underlying price that would create the maximum gamma across the market. The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +• **Delta Sensitivity Test** \- This is basically a gamma test, but I like this view better visually with my graphs. This represents the % change in the total market delta associated with a 5% increase in the underlying stock price. Significant spikes represent unusually large hedging patterns based on the options mix, and can indicate the potential for significant buying / selling power on the underlying ticker. + +&#x200B; + + Here's a log-based 10 view on the right-hand dollar amounts, so you can see the build-up in 2020. I also scaled the sensitivity test on the left-hand side to see the full spike from last month. + +&#x200B; + +[GME 8\/24\/2021 - 1\/6\/2022](https://preview.redd.it/m1d65a0yo5a81.png?width=1421&format=png&auto=webp&s=f73e9acf65c00af4519ffb667e20fd83e5ec084e) + +Here are some key points for you: + +* [Yesterday, GME tanked below the delta neutral, and a delta sensitivity spike started forming](https://www.reddit.com/user/yelyah2/comments/rx8t4c/gme_update/?utm_source=share&utm_medium=web2x&context=3) +* Notice that the DN did not drop quickly with it, which means that the options market didn't think the drop in the stock market would hold for very long. +* Because the options mix didn't drop with the price, it created a situation where small changes in price result in much higher levels of purchasing than usual. +* As you can see above (more so in the first graph that isn't scaled for the green December 2021 monster), these delta sensitivity test peaks occur BEFORE surges, so small price increases in the underlying would get bonus volume from hedgies hedging that surge, to the tune of a 273% increase in the total market delta (i.e. stocks to hedge) with a 5% increase calculated last night. +* So for example, when GME dropped 9% this morning, my model told me this dip wouldn't hold, so I bought some $125 calls in the dip (don't drag me into a fight, I only trade options, but it's smart to stick with stocks if you don't know what you're doing. This is just to show I put my money where my model is). +* With the data processed today, even though there was a 1% increase in the underlying price, the delta sensitivity test increased to \~760%! + * Quick note - this sensitivity test assumes perfect hedging, which is totally unrealistic. Biggest take-away is that the potential hedging increase is significantly higher than it usually is. +* As of writing this.... the After Hours price is up \~32%! +* It's easiest to show my 5% sensitivity test, but it goes up to 10% (definitely not up to 30%... cause that would be crazy.... right??). However, using my 10% sensitivity test showed that a 10% increase in the underlying price would result in \~2.65m net shares would need to be purchased to perfectly hedge. + * For reference, \~1.3m would need to be hedged with 5% gain and \~500k would need to be hedged with a 2% gain. + * Imagine how many shares would need to be hedged with a 30% after hours gain?!? If we assume it's linear, then that's \~8m shares to perfectly hedge! + * Now.... hedgies don't perfectly hedge... This would be a ridiculous assumption. However! Tomorrow is Friday, and they will have to do some hedging, or there would be an unusually large settlement next week. If those aren't filled, then we get more FTD's -> FTD squeeze + * [check out u/bobsmith808 post on FTD's, cause he's the best!](https://www.reddit.com/r/Superstonk/comments/rw4769/dd_reposting_for_visibility_update_to/) + * Even if they hedge like...40% of what they're supposed to... that's like \~3.2m shares to hedge tomorrow which is is still \~40% higher than the \~2.4m 30-day average volume for GME.... just because of hedging the AH gain! + +Here's another graph I've been working on with u/zinko83, with a focus on volatility. This graph adds in the vega neutral (purple) and gamma neutral (green) to the primary axis, and uses skew/kurtosis (blue/orange) in the secondary axis. This graph is a work in progress, so looks a bit funky. + +&#x200B; + +[GME 1\/4\/2021 - 1\/6\/2022](https://preview.redd.it/kkhqin4wu5a81.png?width=1421&format=png&auto=webp&s=cf6516ff0ae7703b3502703ad13b4064f0f8392b) + + As you can see, before close today the 30-day skew and kurtosis for GME options sank , to a level we haven't quite seen since.... wait for it.... 2021Q1! Bullish?!? Me thinks so.... + +&#x200B; + +**Caveats and Limitations on Use** + +These graphs contain output from my personal model. I am not qualified to provide financial advice, and have no experience trading professionally. This model has not been peer reviewed, so use this output at your own risk. + +This model serves to help Redditors make investment decisions, but still requires Redditors to consider other relevant information, including earnings reports, news, relevant events, momentum and reversion to the mean in the underlying stock. Redditors should think critically about emerging information, and not make decisions solely based on this output. + +In performing this analysis, I relied on raw daily options summaries from historicaloptionsdata.com. I have not audited or verified this data and other information. If the underlying data or information is inaccurate or incomplete, the results of this analysis may likewise be inaccurate or incomplete. + +These graphs are not predictions of the future; they are indicators based on the assumptions. Emerging results should be carefully monitored with assumptions adjusted as appropriate. + + **TLDDDR (Too Long Dumb Dumb Didn't Read): Before market close today, the options mix conditions were primed for a significant increase in volume from hedgies hedging with small changes in the underlying price. Not sure if you saw this.... but AH exploded.... hedgies are f'd.** + + +https://preview.redd.it/bqhzxjzexl171.png?width=1515&format=png&auto=webp&s=9f0b09c339dc59d0d9e61a63e1355022f77e7d9d + +This is 114 months from 4/14/21 there are so many data points you can't see it's absurd + +So a beautiful autist wrote some code and put the data on tableau, it's the harvested FINRA FTD data for all tickers available. + +Link: [https://public.tableau.com/app/profile/gmeshortsqueeze/viz/SECFails-to-DeliverData/SECFails-to-DeliverData](https://public.tableau.com/app/profile/gmeshortsqueeze/viz/SECFails-to-DeliverData/SECFails-to-DeliverData) + +This is worth playing around with. But, when you do, you will come to the conclusion that this has been going on a long time, and has been predatory and systematic in nature. + +GME is an outlier in these 2,287 trading days GME has had FTD's on 2,014 of them, so everyday except 273 trading days that's roughly 9 out of 10, well I sure all stocks have that right since they make it seem so trivial and just a case of happenstance. + +Well in those 2,287 trading days there were a total of 36,839 tickers traded, that has us coming in at a incredible ranking of #17 they probably all have something similar to that going on... right?! WRONG the bar chart distribution graph on the bottom shows you how many tickers have had fails on, how many days during this period. Well GME's stats just like our rocket is out of this world the number 2,014 isn't even displayed it's so high. GME is in the 99.999% percentile of the most consistently failed to deliver stock on the market for the last 10 YEARS!! + +For some kicks lets compare it to a stock like AAPL that's a blue chip stock with Billions of shares with all of that trading there's gotta be some trivial happenstance type stances happening trivially there too right. It's had fails on 1931 days a stock with 16.7 Billion shares outstanding so many shares they don't even round down to GME's shares in existence. Average volume of nearly a 100 million shares, and there numbers aren't near GME's think about that. + +Go ahead and look at TSLA's the just went through a short squeeze correct, I feel like that's more of an upset stomach, while more consistently failed, the number of fails is nowhere near GME's and their shares outstanding are over 950 Million. + +Closely ranked in the top 10 also are the two ETF's that contain GME that have been borrowed to hell XRT and IWM. + +📷 + +https://preview.redd.it/eihqw2nfxl171.png?width=1552&format=png&auto=webp&s=82a029028b7b87984261d0d25be03834391a806e + +For full context GME paid a quarterly dividend up until March of 2019, which would make it less attractive to short, but you know that wasn't stopping them completely. Jim Bell the canned CFO who they wanted out of there so bad, they gave him "Good Reason" and he collected a 2.8 Million dollar bonus, that was to get him out a whole 4 months early. He was hired in June 2019, and you can't make me believe that he wasn't Steve Cohen, Gabe Plotkin, Virtu, Susquehanna, Citadel's man on the inside. It isn't these guys MO to throw a dart at a board they like to have an inside scoop. He had already ran Coldwater Creek down, a stint at Red Lion Hotels then sunk PF Changs before Gamestop, and he's currently at Backcountry in Park City, Utah. I wonder how those interviews go, so... how many of your former employers are out of business CFO dickhead? + +We also, know how many FTD's they have had to conceal through married puts. + +I want to take a little Poll how many shares real and counterfeit do you think exist? + +Price is wrong style, closest without going under in the comments +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +&#x200B; + +If you have a proven model that can turn $1 into $1.50, that’s awesome. You make 50% returns. + +But… if your buddy has a magical power that can convince people that $1 is only worth $0.10, and you buy that dollar for $0.10, you turn that 50% return into 1500% return. + +**WE HAVE NOT BEEN LOOKING AT THE WHOLE PICTURE** + +We’ve been looking at the people convincing us that $1 is worth $0.10, but have missed the bigger picture of those that buy the $1 for $0.10 and turn it into $1.50. + +Apes and Apettes, it’s time to discuss **APOLLO GLOBAL MANAGEMENT.** + +This article will be delving into Apollo, but make no mistake… this strategy and process are likely widespread and far-reaching. + +I have chosen to discuss this firm because it relates directly to our beloved Gamestop, and this shit goes **DEEP.** + +We’ve got… Criminal Activities, Hostile Takeovers, Private Military Contractors, Presidential Pardons, MSM Manipulation, and shockingly… **POPCORN APES WILL NOT BELIEVE A WORD I SAY!!** + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**IN ALL SERIOUSNESS** Apes, I know we like to tease, and some of us hold both, but if you read this article and see what I see in it, please do your best to educate the Popcorn Apes. (Don’t harass or Brigade, let them draw their own conclusions) - But I am now **OFFICIALLY** worried for them! + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative. Where possible, I do cite sources but it is also possible that these sources are publishing incorrect information.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**ADDITIONAL DISCLAIMER:** *While there may seem like there are implications of illegal wrongdoing in this article, I am not a legal authority and make no claims of illegal activity except those which convictions have been made. The purpose of this article is to highlight connections of publically available information and where speculation is made, is of my own personal opinion for educational purposes. If this article does highlight potentially illegal activities, it is up to the proper authorities to determine if these activities are in fact illegal using the proper means. Any judgments by readers of this article in the comments of this article are of their own, and not made by me, the author.* + +*Freedom of speech is a principle that supports the freedom of an individual or a community to articulate their opinions and ideas without fear of* ***retaliation, censorship, or legal sanction***\*. The right to freedom of expression has been recognized as a human right in the Universal Declaration of Human Rights and international human rights law by the United Nations. Many countries have constitutional law that protects free speech.\* + +**I invoke this right.** + +\-------------------------------------------------------------------------------------------- + +Ok Apes, grab a cup of Coffee, Pop open that bag of **Doritos**, and **Buckle the Fuck up**... because this is going to be a ride. + +BUT... + +Before things get juicy, we're going to need to do a little bit of a History Lesson so all this shit makes sense. + +REMEMBER THIS GUY? + +&#x200B; + +[Michael Milken \(Aka The Junkbond King\)](https://preview.redd.it/1lyqm3xc19b81.png?width=762&format=png&auto=webp&s=ea82c836538d2eb2b6164aee64552eb3e6b67e93) + +Some of you will recognize that this is **MICHAEL MILKEN** + +Well... + +We are now in Episode 16 of the Billionaire Boys Club, of 19 BBC Parts... and if you remember WAAaaayyy back in Episode 1 of the series, I asked the question... + +**IS THIS THE FINAL BOSS???** + +Ok... this is STILL not certain... + +But... he is **DEFINITELY** at the center of it all. + +And this is where our History Lesson begins... + +\------------------------------------------------------------------------------------------- + +I'm not going to delve into Milken's story, (as it's not DIRECTLY related here) but if you want more info see: + +[BBC Episode 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Episode 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Episode 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +And I'm going to assume you know a LITTLE about him. + +What is REALLY relevant though... is that at the time of his arrest for Racketeering and Securities fraud due to his illegal activities in the **JUNK BOND MARKET**, in 1989, he was working for **Drexel Burnham Lambert** + +After the Investigation, Drexel Burnham Lambert was forced into **Bankruptcy in 1990.** + +\-------------------------------------------------------------------------------------- + +Following this... a group of SAVVY ex-**Drexel** employees decided to set up shop for themselves. + +This included: + +**LEON BLACK -** Head of Drexel Mergers and Acquisitions + +**JOHN HANNAN -** Drexel’s Former Co-Director of International Finance + +**CRAIG COGNUT -** Drexel High-Yield Division Lawyer + +**ARTHUR BILGER -** Drexel Head of Corporate Finance + +**ANTHONY RESSLER -** Senior Vice President Drexel High Yield Department + +**MARC ROWAN -** Worked under Leon Black + +**JOSH HARRIS -** Worked under Leon Black + +**MICHAEL GROSS -** Worked under Leon Black + +And thus was born... Apollo Advisors, which would later become... + +**>> APOLLO GLOBAL MANAGEMENT <<** + +(The Irony of a Company Called Apollo being at the center of this? Moon Simulation Much?) + +\---------------------------------------------------------------------------------------- + +NOW... + +Leon Black had risen through the ranks at Drexel to become **Michael Milken's Right-Hand Man**, and built a fearsome reputation doing so. + +[Source - Time Magazine: Paragraph 6](http://content.time.com/time/magazine/article/0,9171,137095,00.html) + +This reputation meant within 6 months, Apollo Advisors had managed to raise **$400 million** and launched their first fund. **Apollo 1.** + +As you can imagine... after all he had learned from Milken, it didn't take Black long to start some fuckery. + +Let's Take a look at one of his **FIRST** deals shall we? + +&#x200B; + +[Leon Black and Michael Milken](https://preview.redd.it/53p76jh819b81.png?width=509&format=png&auto=webp&s=a9501a7627f3f4a761ccf62d1469dee95998fff8) + +\-------------------------------------------------------------------------------------------- + +# Adam Aron (Yes POPCORN Adam Aron!) + +&#x200B; + +[Adam Aron CEO of Vail Resorts](https://preview.redd.it/khgpm65019b81.png?width=310&format=png&auto=webp&s=027c8b36b71fc475c902b6052f118282aca91f10) + +In the 1980's George Gillett was building a billion-dollar empire based on the odd combination of meatpacking and television stations, in addition to **Vail Mountain**, much of which was financed by the **Junk Bonds of Drexel.** + +This all came crashing down in 1991 when Gillett **couldn't pay off the debt** on the notes from Milken. Gillett Holdings filed for **Chapter 11 Bankruptcy** and Apollo swooped in and became the majority shareholder by 1992. + +Black quickly began selling off much of the Assets held by Gillett Holdings but kept **Vail Resorts** as part of his Apollo Ski Partners Division. + +While under the management of Gillett, the Vail Resorts thrived, winning Ski Magazine rankings 5 years in a row, in addition to completing the China Bowl and Mongolia Bowls expansion and bringing the World Championships to Vail for the first time. + +(I've no idea what this means, but needless to see they were doing well and the operation was ticking along nicely) + +From 1996 to 2006, Aron was **HIRED BY APOLLO** as CEO to oversee their investment in Vail Resorts. + +Source: [https://www.perenews.com/apollo-hires-ex-vail-ceo-as-operating-partner/](https://www.perenews.com/apollo-hires-ex-vail-ceo-as-operating-partner/) (Paragraph 2) + +Though it's widely claimed that Apollo Management sold their stake in Vail in **2003**, according to their **SEC filings,** this didn't happen until **2004**. + +>*Apollo Management, headed by Leon Black, bought the company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts through its growth* ***until around 2003***\*, when Apollo divested themselves of the controlling interest.\* + +Wikipedia Claiming they left in 2003 [Source Paragraph "History"](https://en.wikipedia.org/wiki/Vail_Resorts) + +SEC forms showing Sales of Ownership: + +[SEC Form 4 #1](https://www.sec.gov/Archives/edgar/data/812011/000092153004000196/xslF345X02/primary_doc.xml) + +[SEC Form 4 #2](https://www.sec.gov/Archives/edgar/data/812011/000095016204001126/xslF345X02/apolloskiform4093004_ex.xml) + +[Sec Form 4 #3](https://www.sec.gov/Archives/edgar/data/812011/000092153004000536/xslF345X02/edgar.xml) + +With the last recorded date of ownership being **5th November 2004.** + +ANYWAY... + +It wasn't long thereafter that Aron decided he was **going to jump ship** too. + +In 2006 he **shocked** everyone by announcing he was quitting, but not before cashing in all his shares of course. + +[Source The Denver Post](https://www.denverpost.com/2006/01/30/vail-resorts-chief-quitting/) + +It's again... widely reported that Adam Aron did a **GREAT job at Vail**. + +Everywhere you go, from his BIOs to Popcorn Apes raving about their Silverback, they quote the stock price of the company while under Aron's control, or how the business expanded, or how profits were up... + +But there's another side to this story. + +**Aron's loyalties lie with Apollo, nobody else.** + +And Apollo's priority is profits no matter what the cost. + +Here's an article in 1998 by **Forbes Magazine**, that describes how Aron went about **"extracting extra bucks out of the existing lift-ticket buyers,"** + +He uses strategies that ensure all visitors' money is spent at the resort itself. And this worked very well. He built restaurants, hotels, even a credit card that ensured Skier Dollars were only spent within Vail Resorts. + +This came at a **MASSIVE** cost to local businesses though. Many of which suffered, or completely went out of business. + +Aron's justification for the number of complaints he got from stealing local business? **"Sour Grapes"** + +**MISQUOTE:** This is how it's Phrased in the article: + +***Sour grapes, says Aron. "We'll have a mix of company-owned facilities and local entrepreneurs that will increase our profits while maintaining the creativity and passion."*** + +He never tried to ease people's minds, or assure them of his intentions and plans for the future. + +Source: [Forbes](https://www.forbes.com/forbes/1998/1019/6209070a.html?sh=1be464302a78) + +But after the penny pinching, and taking the company Public (Followed by **7 Years of Stock Price Declines**) the stock started to finally turn around. + +And Aron started to build a reputation in the community (Apparently) that he and Apollo were **not the bad guys after all.** + +**IN FACT**... almost everywhere you read about Aron's time at Vail, it's **HAILED** as a massive success story! + +And he certainly gave the impression that he was **ALL IN ON VAIL!** + +Adam Commits to Vail, including selling stock options to "acquire a new residence in Vail for his **long-term** personal use" + +This move was intended to show **"I trust I am expressing both my strong confidence and commitment here"** + +Announced **1 year** before he surprised everyone by Quitting and going to work for Apollo + +(At the time, he did not tell anyone his plans to work for Apollo) + +[Source Vail Daily](https://www.vaildaily.com/news/vail-ceo-aron-to-sell-stock-options/) + +In saying all this... by the time Aron was DONE in Vail, profits were up, the stock price was up, the company had expanded and overall there was more money available to locals through various investments in the town and its people. (Apparently) + +So everyone wins right? + +\--------------------------------------------------------------------------------- + +Well, I personally think **A LOT** more went on here, but it's way beyond my smooth brain to comprehend. + +In the 1996 Annual Report, there are 44 Mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/0000927356-96-001229.txt](https://www.sec.gov/Archives/edgar/data/812011/0000927356-96-001229.txt) + +In the 1997 Annual Report, there are 8 mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt](https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt) + +In the 1998 Annual Report, there is 1 mention of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/0000927356-98-001712.txt](https://www.sec.gov/Archives/edgar/data/812011/0000927356-98-001712.txt) + +1999 Annual Report, there is 3 mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/000092735699001663/0000927356-99-001663.txt](https://www.sec.gov/Archives/edgar/data/812011/000092735699001663/0000927356-99-001663.txt) + +Then no Annual Report until 2002 - with 3 mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/0000812011/000081201102000016/vrifyo1form10ka.htm](https://www.sec.gov/Archives/edgar/data/0000812011/000081201102000016/vrifyo1form10ka.htm) + +Ok I'm getting into the weeds a bit I know... + +\------------------------------------------------------------------------------------- + +BUT... + +When you look back at the point in time when Apollo Actually DID Dissolve their ownership... things take a **SLIGHTLY** different tone. + +In this article in the Deseret News discussing the move... the quote that, even though the stock was up, Revenue was up, and expansion was secure and even the Ski Lift ticket prices had been raised to the **HIGHEST IN THE COUNTRY**... the company was actually losing money year over year? + +>Separately, Vail Resorts reported a **loss of $36.3 million**, or $1.03 a share, for the fourth quarter ended July 4, **wider than the loss a year ago of $33.7 million**, or 96 cents a share. +> +>Revenue for the latest quarter rose 4.2 percent to $83.1 million from $79.7 million. +> +>For the full fiscal year, **Vail Resorts lost $5.9 million**, or 17 cents a share, compared with a loss of $8.5 million, or 24 cents a share, a year earlier. +> +>Full-year revenue rose to $500.4 million from $464.1 million. + +Additionally, this article discusses: + +>CEO Aron said reports in the media about the possible sale of the company were "inaccurate" and some of the "sources in the stories were either stupid . . . or making things up." + +Following this, The Denver Post reported (No source as they were not online yet) that indeed Vail Resorts was Courting Buyers interested in **acquiring the company** for about $725 million. + +Aron said he couldn't elaborate because his **lawyer advised him not to comment** on market speculation. + +>"I've said it as clearly as I can — the management team and everyone in the company is focused on operating the business," Aron said. + +Source: [https://www.deseret.com/2004/10/1/19853332/apollo-dissolves-vail-resorts-stake](https://www.deseret.com/2004/10/1/19853332/apollo-dissolves-vail-resorts-stake) + +\------------------------------------------------------------------------------------- + +Another Article from around that time... in the Dever Business Journal, discusses how not only was Apollo selling its **1.3 million shares** in the company, but the company would also withdraw a shelf registration to sell another **175,000 shares** to Apollo Ski partners (Owned by Apollo Global) + +And also references the losses the company was making. + +Source: [https://www.bizjournals.com/denver/stories/2004/03/29/daily34.html](https://www.bizjournals.com/denver/stories/2004/03/29/daily34.html) + +\-------------------------------------------------------------------------------------------- + +How about we take a look at how the **LOCALS REALLY FELT**?? + +>As far as on the mountain skiing experience, where the hell have you been skiing? The market is overrun by discount, down-market bargain hunters who are squeezing out our alpha customer to the detriment of every business in town. Prices are so easily cut and so easy to raise that Vail Resorts profit margins are shrinking faster than a porn star in an ice cold bath. Unfortunately, many of us have assets here in the valley that are negatively affected by Aron’s ineptitude. + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-141/) + +>Hey I’m just calling to see what the other Vail Resorts employees think of Adam Aron’s big bonus. We keep having these record years, and he can only muster a 2 percent raise for the last three years? That doesn’t even cover our insurance going up. We’re still losing money. He always talks about how valuable his employees are, and the locals are. How about a little respect? I agree with Gonzalo of the Minturn militia. If you keep messing with the local work force, hopefully, Adam, you will be moving on to greener pastures, like you deny. Pretty much you’re no good for this community or Vail Resorts. Beat it, chump. + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-110/) + +>I personally feel that as a community we afford Vail Resorts many privileges to bring business into the valley, widening the Frontage Road and opening Ford Park to allow for overflow parking. +> +>We developed a master plan for the village and Lionshead with VR’s redevelopment in mind. Yet the more we give the less we receive as a community. + +Source [VailDaily](https://www.vaildaily.com/news/letters-to-the-editor-238/) + +>Never mind the visitors +> +>I think it really stinks that Vail Resorts doesn’t let the locals ski until Sunday the 3rd. We used to be able to ski on the first of January. Kaye Ferry is right. The merchant pass prices have gone up and we have less skiable days. +> +>Worthy of investigation + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-159/) + +>I would just like to comment on tattling where the individual here is talking about Adam Aron being parked in a handicapped spot on Christmas day, because the editor’s note here says that Vail Resorts’ CEO Adam Aron has had a foot injury requiring the use of crutches and a wheelchair. Miraculously, on the 27th, I saw Adam Aron at a party where he did not require either a wheelchair or crutches, so I’m not really sure what you guys are up to, but that’s a miraculous recovery in two days from a wheelchair and crutches to partying down on the 27th of December. Thanks for all of your investigative reporting. +> +>No excuses + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-159/) + +&#x200B; + +Seriously... there is a shit ton of this stuff. You Apes should take a browse if you want to get a REAL feel of how the locals viewed Aron. + +Some of it is hilarious... but a lot of it highlights how **poorly employees were treated**, how locals ski access was continuously abused in favor of higher profit tourist ski, how the town has suffered financially, and how generally... very little good will seemed to have ACTUALLY been directed at Aron, despite what all the MSM and Experts say... + +And remember Aron's response to this???? "Sour Grapes" + +All in the name of better profits for Apollo + +&#x200B; + +>In regards to the tattling on CEO Adam Aron. I was the tattler, and Mr. Aron was actually running to his car avoiding the snowflakes that were coming down in the parking lot at Safeway. So I don’t normally bash others, but you guys need to get things straight before you start printing stuff. + +LMAYO + +\------------------------------------------------------------------------ + +So does this mean that Adam Aron was doing a bad job as "INSIDE MAN" for Apollo? + +Well I went and checked... + +And in FACT, he was doing a great job for them! + +The company was not losing money at all. + +Every Year, from 1996 - 2006, the company was profitable! + +WITH THE EXCEPTION OF 2... + +2003 - 2004... right around when Apollo decided to up and leave. + +I WONDER why that might be? + +If you want to check out all years, you can go to SECs Edgar search results here, and just click on Annual Reports and search for Net Income. + +[https://www.sec.gov/edgar/browse/?CIK=812011&owner=exclude](https://www.sec.gov/edgar/browse/?CIK=812011&owner=exclude) + +But here's a quick snapshot from 2006 Annual report highlighting the 2 losses: + +&#x200B; + +https://preview.redd.it/uhagbv2s7xa81.png?width=1294&format=png&auto=webp&s=60a50192c6023b1add33e43b520a38b1fa8d0127 + +Now to be fair... after Apollo had dissolved their position, Aron did bring the company right back to profitability making $23 million in 2005. + +And though he can only be credited for half of 2006, from that point on (After Aron left) the companies profits soared. + +By 2008, Company **profits had increased by 400%** of Arons last full year. + +Source: SEC [https://www.sec.gov/Archives/edgar/data/0000812011/000081201108000026/form10k.htm](https://www.sec.gov/Archives/edgar/data/0000812011/000081201108000026/form10k.htm) + +(Search for Net Income to see a 5-year snapshot) + +So whether or not you consider this doing a good job... is still up to you. BUT... + +\--------------------------------------------------------------------------------------------- + +What I do know, is this: + +* Milken Sold Junk Bonds to Gillette +* Gillette Couldn't pay the interest on these bonds and filed for Chapter 11 +* Milken's buddy, Black took over the company by buying up these bonds +* Black sold off the excess assets, acquired some new assets, and then took the company public +* They used the proceeds from the IPO to pay off all the bonds ([Source SEC](https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt)) +* They brought in Adam Aron - Who was their pick of Investors at Apollo ([Source Aspen Times](https://www.aspentimes.com/news/vail-ceo-stepping-down/)) +* And proceeded to milk as much revenue from the company as possible ([Source Forbes](https://www.forbes.com/forbes/1998/1019/6209070a.html?sh=1be464302a78)) +* While paying themselves Management fees ([Source SEC](https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt)) Director Salaries, Bonuses and Stock Options. +* When they were done expanding, and the stock price was recovering (From 7-year declines), they sold their shares on the market and moved on. + +Maybe I'm being a little harsh here, and there is DEFINITELY more digging that can be done into this, but that's not why we are here. + +Regardless of what went down... I think it's safe to say **AT LEAST THIS**... + +**Adam Aron** works for **Apollo Global Management.** + +&#x200B; + +\------------------------------------------------------------------------------ + +Ok... I need a FUCKING PUPPY BREAK AFTER ALL THAT!! + +Wait... what??? That's not puppies!!! Aww... but their still cute anyway... + +[\(1 off request for Lady Loves Stonks !\)](https://preview.redd.it/u6x26odx98b81.png?width=1863&format=png&auto=webp&s=5810c668ef2df0663f5c8db5f8f09e4c73227127) + +&#x200B; + +\--------------------------------------------------------------------------------------- + +So without getting into the weeds too much... + +Let's have a look at the rest of his career shall we? + +**1993 - 1996 Norwegian Cruise Lines - Aron is CEO** + +2007 Apollo Global Bought 50% of Norwegian and took them public in 2013 + +(Source: [https://en.wikipedia.org/wiki/Norwegian\_Cruise\_Line](https://en.wikipedia.org/wiki/Norwegian_Cruise_Line)) + +INTERESTINGLY... The announcement of Aron Quitting (There's that word again... quit), was made in the Sun-Sentinal. + +**The article however no longer exists**. So I did a little digging. + +According to the Wayback Machine, Quitting Announcement Article had been basically dead for decades... until 2021 - As obviously Apes started researching Aron + +&#x200B; + +https://preview.redd.it/a2nog2st8xa81.png?width=1199&format=png&auto=webp&s=830363c425d86752a9c09130f060f6d55f240fcf + +NOW... all but 2 snapshots of the article have been removed from the Wayback Machine. + +So... I took a screenshot to ensure it can't be deleted again. + +Here's the link to the Source on Wayback Machine (But don't be surprised if this link mysteriously does not work anymore) + +[https://web.archive.org/web/20210225054704/https://www.sun-sentinel.com/news/fl-xpm-1996-07-23-9607220403-story.html](https://web.archive.org/web/20210225054704/https://www.sun-sentinel.com/news/fl-xpm-1996-07-23-9607220403-story.html) + +And here's the Screenshot highlighting the important bits + +&#x200B; + +https://preview.redd.it/zssxnvrdvwa81.png?width=924&format=png&auto=webp&s=a2c67f5b85ef5a1e74fe2a5c92079c8afa8b60a5 + +&#x200B; + +PUPPY BREAK!!!! + +Aww.... who's a grumpy puppy... Yes, YOU are a grumpy Puppy!!! + +&#x200B; + +https://preview.redd.it/7eea4n10n8b81.png?width=1056&format=png&auto=webp&s=e81b8547a95923c4240dd2f51f1832dd1fbf624f + +&#x200B; + +# 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?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +&#x200B; + +\--------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\-------------- + +Apes... if you feel this is as big as I think it is... **please share it.** +Working on LeanFIRE (getting close) then onto FatFIRE but I’m always curious as to those who hit road bumps along the way and recovered. + +When I first started working, I made sure to put away a good amount of money every single paycheck. I didn’t just let that money sit though, it went straight into the stock market (mix of “safe” index funds and then handpicked companies I liked). First few years went well riding up the bull market but I kept thinking “this market can’t last” (so wrong as it continues to be a bull market today 8 years later). + +I decided I wanted to put some of my money elsewhere. Started investing in friends starting businesses with small loans and it ended up being pretty good. A few thousand here turned into larger and larger investments and it was still going well. “Well” for someone a few years out of college and working an average salary day job. + +Then one day, a longtime friend who had been doing well starting his own little ventures introduces me to his buddy who had started a small health food company. After speaking, I decided to invest - without doing the necessary due diligence. I read up about the company and saw their numbers but I didn’t background check the guy since I trusted my friend. + +Long story short: Turns out this “friend” of friend had a pretty shady past with his business partners. The first year or so was fine then he showed his true colors and eventually went off the grid, with all my investment: $60k at the time (several stages of investing). + +That shattered me as I was in my mid 20s and that’s a lot of cash for someone at the age let alone any age. Even worse, that money I had pulled out of the stock market was invested in $AMZN at a cost basis around $330/share. FML. + +Anyway, that life mistake has haunted me ever since. I’ve never been able to track the guy and recoup my money. Hard lesson learned and I constantly think about how much money that would be now if I had instead left it in $AMZN. Oh well. Back on track for financial goals. + +As much as I love all the celebratory “I made it, I’m rich” posts. Would love to hear some money mistakes made and lessons learned before achieving FatFIRE! +I just want to share since I was doing some hard digging before I made this decision and it might be helpful to anyone in the same boat. + +I know there's a lot of debate around whether the extended warranty is worth it. We paid $3300 for a 10 year/100k one for a 2019 (28k mileage) Subaru Forester. No idea if that's a fair price today, but it *seems* a bit overpriced, even in today's market... Anyway, we were totally un-informed about warranties before we were in the finance manager's office, and they of course sell it to you as a no-brainer decision, so unfortunately we opted in w/out really know anything about. I had a gut feeling we got ripped off and just didn't feel good about it. + +When we got home, I read and re-read our contract, looked at the pamphlet and weighed all the pros/cons. BTW, we already had a manufacturer's powertrain warranty, free of charge. And I trust the reliability of Subaru. We ended up deciding we'd rather cancel and save the 3k for a future repair rather than pre-pay for one that might not happen. + +So this meant, according to the contract, we could cancel within the first 90 days for a total refund, but we would have take our vehicle back to the dealership for an odometer reading and they would have to sign a form to send the refund check to our lender. + +Now, we are both very anti-conflict people, we had had a great experience buying the car (outside of being pressured into a huge purchase they knew we knew nothing about...), and we knew they would be losing the commission on this so they'd probably be upset we were returning. Basically, we REALLY didn't want to go face them again. But I decided to view it as a few more hours of our time + mental stress for $3300. Plus we would literally never see this people again. And they don't care if you waste money so why should we care if they lose money? + +So we drove to the dealership rather than calling or emailing. This would have been more pleasant for us but I figured they'd have to do what we asked if we were in person. (I actually sat in the car and made my husband go in and talk to the finance manager, haha. I'm pregnant and don't need to deal with that stress!) + +Yes they were pissed. They asked a few questions about why we were doing this, saying we'd regret it, saying this never happens... whatever. The finance manager didn't look my husband in the eye the whole time or say anything while he signed the form- totally different experience than when we were signing the original paperwork haha. But it took us **30 minutes**. They had poor attitudes. If that's the worst that happened, I'd say it was worth 3k. + +They signed the form and we are officially refunded. It really wasn't that bad at all and I'm SO glad we pushed ourselves to critically think about it and face the dealership again. + +My advice: if you don't feel good about, don't waste time justifying an impulsive, expensive decision you weren't even informed about beforehand. It's no different than ordering something online and changing your mind about it and making a return, it's totally YOUR choice and if you can cancel, then do it! +Today I wanted to talk about Health Savings Accounts, which are an absolutely amazing way to save for health expenses and retirement as they are triple-tax free. These accounts can be a very useful part of achieving fatFIRE, considering the average retiree incurs around 285,000 in healthcare expenses from age 65 (so we'll probably have more given early retirement, barring universal healthcare). Members of r/fatFIRE are particularly well positioned to benefit from HSAs due to the tax advantages and our ability to pay for expenses today without having to take the money out, allowing for more tax-free growth in the future. + +I should start by saying not everyone is able to use an HSA. Only those with a high-deductible health insurance plan are eligible. The IRS defines this as having a deductible of at least $1,400 for individuals and $2,800 for families. You cannot contribute once you become eligible for medicare (age 65). + +In exchange, you can contribute $3,550 for individuals and $7,100 for families, with an additional $1,000 catch-up contribution for those over 55. These contributions are pre-tax, and, if done through an employer, are free of FICA taxes (most of us are probably over the FICA tax limit anyway, so it doesn't matter). This money can then be invested, and the growth is tax-free. + +Here is where HSAs become interesting. If you use funds for eligible healthcare expenses, distributions are completely tax free. If you take distributions for non-healthcare purposes, you pay income tax and a steep 20% penalty. However, when you turn 65, this penalty disappears and you pay only income tax on distributions for any purpose, with no required minimum distributions. As a result, this account functions like an extra traditional IRA with the added benefit of having tax-advantaged distributions for medical expenses and no RMDs. + +Now, you might be saying to yourself: "u/ACheetoBandito, that's all well and good that I can take this money out later, but I want it to pay pre-tax for healthcare expenses instead of getting growth!" This is a very interesting conundrum, and fortunately you don't really have to make this difficult decision. HSAs currently have no time limit for reimbursement. So you can pay for your healthcare expenses now, upload the receipt to your HSA portal, and then claim reimbursement for your expense at age 65 (or later, if you really want). If you are 45 now, that's 20 years of tax-free growth you just bought yourself, and you still got your money back on that reimbursement. + +Assuming 30 years of contributing $300/mo, and post-inflation growth of \~6%, you should have about 300,000 of today's money in your HSA. This money would help cover a large portion (or perhaps all) of your health expenses in retirement, keeping your vanguards fuller and your FIRE fatter. + +Edit: As some have pointed out, what counts as a "deductible" is complicated. Id add to the below comment that general purpose FSAs prevent HSAs (though LPFSAs may not). Please do your own research/consult a professional before following my or others advice, as it may not apply to you. +https://www.cnbc.com/2019/09/16/aramco-saudi-arabia-attacks-on-oil-supply-wipes-out-spare-capacity.html + +International benchmark Brent crude oil price spiked as much as 19% on Monday to $71.95 a barrel while U.S. West Texas Intermediate jumped more than 15% to a session high of $63.34 a barrel. + +Saudi Aramco, the national oil company, has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC. + +Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, knocking out 5.7 million barrels of daily crude production or 50% of the kingdom’s oil output. + +Edit: Thanks for the platinum award!! +**Holy Fuck.** + +This is probably one of the bigger things I have figured out so far. + +I sifted through every Citadel Advisors LLC SEC Filing since the squeeze began (I have the spreadsheets to show it) and figured out some fucked up things (oh and I figured out who Suspecthanna is operating as - and they are doing the same thing as Shitadel). + +&#x200B; + +https://preview.redd.it/oty9j0iem7w61.png?width=425&format=png&auto=webp&s=34f7966ec406a2b2c4367ec829306520301fe7bc + +Im going to blow your mind like our moms should have done to our dads instead of letting him finish in her and bringing all of us into this clown pyramid scheme we are living it. + +So, the data is clear with one consistency - Keenny Boi the Squeezy Boi has been calling all his trust fund friends and they have been passing ownership to Citadel AT AN ALARMING RATE. + +In the last 2 months alone: + +* Citadel has taken beneficial ownership of over 25% of the capital of 56 different SPACs + * Totaling over $4B in capital + +**AND** + +* An average of 18% ownership of 28 corporations + * Totaling over $3B in capital + +Now, the SPACs are a little more crazy, but because we know that Citadel has been internalizing trades, only routing sells, and probably selling smaller positions quietly to raise capital *\*cough\* FB \*cough\*,* Ill start with the corps - but we will get to the SPACs shortly. + +So, a lot of the company positions have been *amendments* to their Dec 31 filings. Now, what is weird is that shortly after these filings, large amounts of shares have been sold off onto the market. They have become benefactors of these shares to dump onto the market *at market price* should they chose. Now, these filings are applied to both Citadel and the company that issues them. So that company has to be aware that Citadel has possession of these shares (and would have been aware the whole time if they did). + +So why all of a sudden is Citadel the owner of these shares? Either the company is issuing them to Citadel through the board, or Citadel is somehow getting these shares another way. + +* If someone has another idea how these shares were issued for a filing fee with the SEC, let me know + * I am relatively certain they are coming from the board issuing new shares, because there are FOUR companies with greater than 100% ownership of the float as well. So the FINRA data would imply that additional shares were created: + * STRO + * ZNTL + * AVRO + * ANNX + +There are a couple other notable points with regard to these new filings: + +* One company is a Colombian Company and the holding is pretty small (ACHOQ) +* One ownership is for a company that was acquired in January by another (PRVL) +* One company is no longer a company and hasn't had any share reporting since 2019 (MGEN) + * I find this weird that they are consolidating their books in Feb 2021 for a company that seems to have disappeared in 2019 +* One company has a negative valuation (MLND) + * The shares still held a market value April 28 of >$4M + +There are some weird things going on through Citadel at the moment, and Suspecthanna is on another level with more funds being funneled to their parent company than a cute pornstar who is about to do anal for the first time. + +[Above \*\*\*\*\* were filed 16 Feb](https://preview.redd.it/nhc67ktce7w61.png?width=1055&format=png&auto=webp&s=430680937e1a87baa2bb92005cc8dfb218ff7422) + +Did I mention that Citadel changed legal signatories on Feb 1? Huge red flag I would think. It was also filed with one of their *LARGEST* SPAC ownership filings, tucked away and hidden. JAWS (fitting that they are the only billion dollar SPAC on the list). Oh, and the JAWS benefactor? His name appears twice on this list (it seems to be the only one). + +Now, this list is by no means a definitive answer to anything. But I believe we just got our first glimpse at the actual investors with Citadel, who is actually exposed at an exorbitant amount (hint: banks r fuk too), and why they are pulling cash back from shell corporations (registered in tax havens) at an alarming rate (and it isn't because they want to pay taxes all of a sudden). They *know* they are about to crash the market because of these short positions. + +So, can we also get anything from the names of the Executives (owners of the SPACs)? Well, Ill tell you this much - a lot went to Harvard, and a lot started businesses while they were in college (one specifically opened 15 locations right away and is now a massive conglomerate), more than most worked for 20-30 years in the financial sector at the very banks that are overleveraged on this, and some have even been knighted. + +We need to speculate on couple things here: + +1. It takes money to make money; someone would need a lot to begin with to do some of these things +2. These were not bank loans they were suddenly able to obtain with a great business model. Someone helped pull the strings to make these capital investments happen \*cough\* their parents \*cough\* +3. A lot of this is old money that has probably gone through a changing of the guard so to speak, meaning they came in control of it by default and just wanted it to get bigger (because fuck socialism amirite?) + +Now, I haven't combed through the names individually. But if someone wants a glimpse at who is really pulling the strings, I would definitely think that's where you would start. Suspecthanna is the next one. And boy oh boy have they been busy. Their list is almost double Shitadels (makes sense considering their short position). That's another week or so of work that I will need to dig up so just be *patient.* + +&#x200B; + +https://preview.redd.it/aij4bpn0l7w61.png?width=1170&format=png&auto=webp&s=fd2661d586a4822077ab015214f133109d786b39 + +https://preview.redd.it/l6x9ion0l7w61.png?width=1557&format=png&auto=webp&s=9d1435c564c8401e39ab98a6a870cb20fbec8880 + +Did you think that Warren Buffetts famous saying about being patient is about throwing your money in a fund and letting it grow at 2% per annum? No you fucking idiot, it's about researching where the money is going and who is making mistakes. These people have made a huge mistake, and we just have to be patient. No more expecting this shit to moon tomorrow. These people will do anything at this point it seems to make sure the peasants don't get their tendies. And if you want tendies, you just have to continue to wait and let them liquidate their assets and bring it all back from off-shore. It will mean we don't need a bailout and our tendies will be glorious. We can even flush the governments with cash to make a difference and not work for rich people only. But that is it. Just fucking wait. + +To note, this is not investment advice, and it is all publicly available information so I have not gone out of my way to find these benefactors. + +Oh and Suspecthanna? I haven't seen ANYONE asking about **DIMENSIONAL FUND ADVISORS LP.** You're welcome. +As you probably already noticed I don't really know anything about economics but here's my thinking: If you could pay for things with otherwise useless plastic, directly or indirectly, that would encourage companies to recycle a larger amount of their products with less plastic ending up in nature. + +Also there would be more plastic collected out of the sea and other places where it ends up. Recycling would take in an important role because oil is of course limited. + +But the most important thing is that there wouldn't be any more plastic waste because it has value to people. they wouldn't just let a piece of plastic which can actually feed their family lie on the ground and walk past it. + +As I said I'm a zero in economics and my idea is probably not possible in reality. I would like to know why it isn't possible. + +Edit: Thanks a lot for your answers! I think I can understand now. +Premise taken from a few articles, [this one](https://www.marketwatch.com/story/now-we-know-where-the-tax-cut-is-going-share-buybacks-2018-02-22) being representative. None of them really concern themselves with the why. I would have thought that it'd be in companies' interest to take the savings and use them to make more money. + +There are three broad categories of answer I can see. + +The first would be that this was caused by something specific to the structure of the tax cuts. I don't really know anything about the technical details. + +The second would be that good investment opportunities are scarce and already being adequately filled, so the money has no other place to go. + +The third would be if companies are concerned these tax breaks will be reversed shortly, before the gains from any new investments would be realized. + +Are there other possible explanations I should be aware of? Are any of these explanations better than the others? +With the volatility going on in all asset classes, I’m curious how others in our cohort are performing this year. Is your net worth up or down from last year highs….I’ll go first….down 12% +i instantly bought more BTC. +How comes that people spend so much time one something and then still struggle understanding it? + +Talking about this crap btw: +https://www.reddit.com/r/CryptoReality/comments/o7v5xs/is_bitcoin_a_ponzi_scheme_a_detailed_analysis/?utm_medium=android_app&utm_source=share +The previous post was locked due to rampant off topic discussion, then the OP decided to delete it rather than leave it up for people to read. + +https://reports.jpmorganchase.com/investor-relations/2020/ar-ceo-letters.htm + +Some highlights: + +[Dimon's discussion of corporate citizenship](https://reports.jpmorganchase.com/investor-relations/2020/ar-ceo-letters.htm#corporate-citizen) + +[Threats from every angle](https://reports.jpmorganchase.com/investor-relations/2020/ar-ceo-letters.htm#banks-enormous) + +>1. Banks are playing an increasingly smaller role in the financial system. + +>In the chart below, you will see that U.S. banks (and European banks) have become much smaller in size relative to multiple measures, ranging from shadow banks to fintech competitors and to markets in general. + +>Whether you look at the chart above over 10 or 20 years, U.S. banks have become much smaller relative to U.S. financial markets and to the size of most of the shadow banks. You can also see the rapid growth of payment and fintech companies and the extraordinary size of Big Tech companies. (As an aside, capital and global systemically important financial institution (G-SIFI) capital rules were supposed to reflect the economy’s increased size and banks’ reduced size within the economy. This simply has not happened in the United States.) + +>Some regulators will look at the chart above and point out that risk has been moved out of the banking system, which they wanted and which clearly makes banks safer. That may be true, but there is a flip side – banks are reliable, less-costly and consistent credit providers throughout good times and in bad times, whereas many of the credit providers listed in the chart above are not. More important, transactions made by well-controlled, well-supervised and well-capitalized banks may be less risky to the system than those transactions that are pushed into the shadows. + +>2. The growth in shadow and fintech banking calls for level playing field regulation. + +>The chart below shows the potential regulatory differences between being a bank and being a nonbank or a fintech company – though this varies for each type of company on each item depending upon its legal and regulatory status. In some cases, these regulatory differences may be completely appropriate, but certainly not in all cases. + +>When I make a list like this, I know I will be accused of complaining about bank regulations. But I am simply laying out the facts for our shareholders in trying to assess the competitive landscape going forward. + +>It is completely clear that, increasingly, many banking products, such as payments and certain forms of deposits among others, are moving out of the banking system. In addition, lending in many forms – including mortgage, student, leveraged, consumer and non-credit card consumer – is moving out of the banking system. Neobanks and nonbanks are gaining share in consumer accounts, which effectively hold cash-like deposits. Payments are also moving out of the banking system, in merchant processing and in debit or alternative payment systems. + +[Covid-19 and the economy](https://reports.jpmorganchase.com/investor-relations/2020/ar-ceo-letters.htm#covid-19) + +>1. Bold action by the Fed and the U.S. government effectively reversed financial panic. + +>The Federal Reserve (critically, with the support of the U.S. Treasury) immediately rolled out facilities that financed Treasuries, corporate bonds, mortgage-backed securities and other securities that effectively reversed the financial panic taking place. A full-blown financial crisis would have made the COVID-19 recession far worse, deeper and longer. Markets reacted extremely positively, and companies, over the next nine months, raised an unprecedented $2 trillion in debt and equity at good prices, dramatically improving their financial condition and balance sheets. + +>Congress, importantly, also took immediate action to provide fiscal stimulus, the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, totaling $2.2 trillion. This largely consisted of stimulus payments to individuals, enhanced unemployment insurance and loans, which could be forgiven, to small businesses. Please see the following sidebar for more detail on the Paycheck Protection Program. + +>Suffice it to say while real damage was done, the size and scope of these programs dramatically reversed the deterioration of the economy and unemployment, which hit 14.8% in April 2020 but made steady progress back to 6.7% by the end of the year – though this number underrepresents the damage that was done because of the large deterioration in labor force participation and the potential permanent loss of many small businesses. + +[Public Policy. American Exceptionalism, Competitiveness and Leadership: Challenged by China, COVID-19 and Our Own Competence](https://reports.jpmorganchase.com/investor-relations/2020/ar-ceo-letters.htm#public-policy) + +>Our nation is clearly under a lot of stress and strain from various events: the COVID-19 pandemic, of course, which has taken more American lives than the total lost in World War II, the Korean War and the Vietnam War combined, resulting in acute economic distress for millions more; the brutal murder of George Floyd and the racial unrest that followed; the divisive 2020 presidential election, culminating in the storming of the Capitol and the attempt to disrupt our democracy; and the seemingly inevitable, but nonetheless alarming and unnerving, rise of China, threatening America’s global preeminence. + +>America has faced tough times before – the Civil War, World War I, the U.S. stock market crash of 1929 and the Great Depression that followed, and World War II, among others. As recently as the late 1960s and 1970s, we struggled with the loss of the Vietnam War, political and racial injustice, recessions, inflation and the emergence of Japan as an economic power. But in each case, America’s might and resiliency strengthened our position in the world, particularly in relation to our major international competitors. This time may be different. + +>China’s leaders believe that America is in decline. They believe this not only because their country’s sheer size will make them the largest economy on the planet by 2030 but also because they believe their long-term thinking and competent, consistent leadership have outshone America’s in so many ways. The Chinese see an America that is losing ground in technology, infrastructure and education – a nation torn and crippled by politics, as well as racial and income inequality – and a country unable to coordinate government policies (fiscal, monetary, industrial, regulatory) in any coherent way to accomplish national goals. Unfortunately, recently, there is a lot of truth to this. + +The above quotations are just small excerpts from the overall report, and do not cover the full scope of topics, please click the links and read the full context should you want to gain further insight. + +Personal note: I would have just left the previous locked thread up but OP chose to take their ball and go home so to speak, this one will remain unlocked unless comments once again turn entirely towards low effort political gripes and other nonsense. Remember this is /r/investing and if you'd like to discuss politics, inequality, healthcare, whatever and not tie it to investment decisions then you should go to /r/politics or whichever your other favorite political subreddit is. +I started investing this year and so far I’ve left all the dividends to DRIP back into the stocks but I’m wondering since I think I’ll be an active investor if I should turn it off and choose what stocks to reinvest in or just continue to let it do it’s thing? +After selling a business a few years ago I have net worth of around $17M. + +- Public equities: ~$10M (down ~$500k in the past week) + +- Private equity (combination of rollover equity and separate investments): ~$4.5M + +- Donor Advised Fund: $1M (won't touch this of course) + +- Real estate equity: $1.5M + +I'm still at the company I sold but may be leaving soon (by end of year?). Income there is around $150k. + +My tax returns show last three years of income at an average of ~$5M/year so buying power is pretty high, but with the acquisition now mostly complete the next few years of reported income will be a lot lower unless I sell a lot of stock which I don't plan on doing. + +Most housing affordability articles/calculators base it off income and debt ratios which don't apply in this situation. Is there any rule to determine what makes sense? In the places I'm looking at in California $2M gets you something fairly nice but the jump to $3-$4M is where I'd like to be if it makes sense to do so. +Howdy! I'm physicists working on my PhD and I used to be really interested in economics. I've read the mainstream basics of the field; Keynes, Friedman, Hayak. This, in conjunction with talking to other people about economics, reading Reddit, and psychologist like Johnathan Haidt have convinced me that almost no one knows what they're talking about and are just using motivated reasoning to convince themselves and others that the economy works exactly like their political/emotional prejudices says it should. + +Max Tegmark is a famous cosmologist and started getting a PhD in economics before dropping out, he had this to say + +"Alas, I soon grew disillusioned, concluding that economics was largely a form of intellectual prostitution where you got rewarded for saying what the powers that be wanted to hear. Whatever a politician wanted to do, he or she could find an economist as advisor who had argued for doing precisely that. Franklin D. Roosevelt wanted to increase government spending, so he listened to John Maynard Keynes, whereas Ronald Reagan wanted to decrease government spending, so he listened to Milton Friedman." + + +Are there any economists who are genuinely curious how the economy works, and keep their political beliefs out of it? Each side is of course convinced their own people do this, but is there anyone who both sides agree is doing good unbiased work. I know of course that no one can be TOTALLY unbiased + +Economics is not even considered a science by some people or is considered too mathematical for a social science to explain real human behavior,cannot predict events so is not a science.As an undergrad econ student,this criticims made me question my decision to study economics.I want to understand economic systems and want to study development economics.However,what is there to study if economics is not even a science? +First time posting - 36M current NW $50k soon to be around $2.5M + +Context: We are going through the final stages of diligence selling my business and I have so many questions. Any help would be greatly appreciated! + +* Transfer of funds: I currently just have a PNC bank account and a Fidelity investment account. Where should I have them wire the funds? Should I open another account with a large institution? Any worries about FDIC limits? +* Investment Strategy: I have a pretty good idea what I am doing with the capital, but thoughts on cost dollar averaging into the assets/securities I plan on investing in? +* Tax Strategy: Unfortunately our business is not QSBS eligible. Any ideas or resources you suggest to limit my tax liability. Thoughts on paying the tax bill on margin loan ETF investments? The business has a realistic earn-out potential for me in 2022 (around $500k including holdback) which I know is not guaranteed, but is also a factor and would conceivably limit some risk with the margin loan. +* Social Aspect: How do I handle telling my family/friends. Most know that I own a relatively valuable business, but I have invested everything over the past 6 years into it and live a very modest life. I don't think that will change dramatically, but I do plan on living a little bit now that I have hit my next step on the path to FatFire ($10M goal by 45y/o btw) +* Big Purchase: Not talking about a Lambo or anything crazy, but maybe a Submariner or something to commemorate the event. I saw someone on a thread talking about this and thought it was a cool idea. Also thinking of maybe just a great vacation - rent a sick house somewhere and invite family/friends. + +Thanks in advance! This thread is super inspiring and I am looking forward to joining a lot of you in the FatFire lifestyle in a few years myself. Any other advice on topics not listed above would be greatly appreciated! +This is the official $GME Megathread for r/Superstonk. 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Remember, Elliott Wave gives us multiple targets, as we are analyzing many different time frames. + +Outlined for your convenience: + +[1hr](https://preview.redd.it/jhtm62381m871.png?width=2780&format=png&auto=webp&s=b0ccbc59d4550218f31d0ada2c8d8761200d336f) + +I'm gonna zoom out so you can see the super cycle 5 target, as I believe this to be the most valid/important level. I got this target by measure waves 1-3 and bringing the extension down to the low of 4 (covid flash crash). + + +First level is the .618 level, next target being the .786. + +The .618 level was passed long ago, narrowing our top end super cycle target at 432.08 (blue line): + +[super cycle from end of 08](https://preview.redd.it/4o3ox7l42m871.png?width=2764&format=png&auto=webp&s=573f48c86294ac2066831fcda390b8e890b2893b) + +clearly, even though i have a shit ton of borderline aneurism inducing levels, it looks like we are running out of steam. + +Just for fun, I went and analyzed the grand super cycle of SPX, as the grand super cycle dates back to the low of the great depression (roaring twenties) + +super briefly, just look and take from the image what you will. + +[monthly](https://preview.redd.it/ewer0klg2m871.png?width=2788&format=png&auto=webp&s=0a3a3ed9d875ef9392951f7c990e7c448e877105) + +IDK about you, but me thinks the music is about to stop. + +in the first image, I provided a few targets as I am measure multiple different "cycles" if you will, all of which are point to a high around low to mid 430s. + +There is no "magic level" per se, but fibs are not wrong. They are nature in essence, the golden ratio is everywhere. + +After hitting our peak, my guess is around 432 should the peak not be today (nothing surprises me anymore) we begin our slow bleed. I do believe Gamestop among many other catalyst will cause a relatively harsh "A" wave if you will, on SPY it will likely drop to at least 345 before any significant buy pressure comes back, though this point would be the "B" wave. the fakeout. media will likely say the crash is over and its okay to buy. SPY won't dip that hard. come on. be realistic. + +**LIES!** + +I believe SPY will come back to at least 250, timeframe for this is really hard to gauge, but based on previous bear markets, I'd guess at least a 2 year bear market. + +Though we also haven't had an event quite like this before, so as to how long the bear market will ensue, that's anyone's guess. + +Given this is our Grand Super cycle completing from the low of the roaring twenties, it really is not crazy to think that we can (and likely will) correct 50% of that move. + +IE, it is TOTALLY POSSIBLE for SPX (not spy) to drop down to around 2200 before beginning to recover. + +&#x200B; + +[SPX](https://preview.redd.it/805vzcbw3m871.png?width=2758&format=png&auto=webp&s=feb08ec4cc03935410f6240a547d5bb245068243) + +I'll leave you with this. I won't theorize too much on the events that will cause this, I believe everyone has a pretty solid idea of whats about to happen. I just want to lay out the technicals, and how I PERSONALLY believe this will play out. I can be 100% wrong as can anyone else. + +Be well. + +It's cynical, but I'm jacked. + +TLDR: market peak close, market will fall hard soon. Media will likely say crash is over at the "B" phase of the correction wherein we rebound a bit. Don't fall for it. GME go BOOM soon 🚀 +Warren Buffett has talked about the concept of a “punchcard”. Imagine you have a punchcard and it has 20 spots. These 20 spots represent the only 20 companies that you are allowed to buy for your entire lifetime. + +I think about the punchcard a lot and love the concept, as it makes me think deeply about whether or not I would use 1 of my 20 “punches” on a given company that I am analyzing. + +On this topic, what is the #1 company that you would feel confident “punching” on your card and holding for the rest of your life? + +Mine is Amazon. + +Source: https://www.deepvalue.ai/explore/stocks/AMZN + +Edit 1: a lot of folks seem to believe in MSFT! +Everyone’s a genius in a bull market. Just throw cash at stocks or crypto, and you’re going to make money. But at some point, the music will stop, and the market will turn bearish. If you’re lucky, you took some profits along the way. But… in the worst-case scenario, you’ll sell at a loss and never come back. There was a better way. + +ETH reached a high of $826 in 2017, a price it didn’t reach again until 3 years later in December 2020. In the interim period, the price of ETH dropped as low as $80. + +We can conclude: + +* If you bought at 2017 high, you experienced a 90% drop in price +* If you held until the next all-time-high you would’ve experienced a 500% gain +* Any time between January 2019 and December 2020 was an extremely good time to buy! + +Buying in a bear market is hard. Human psychology works against us. Here are some tips, to push through: + +* Think long term. This means a time horizon of 4-years or more +* Diversify your portfolio so risk isn’t concentrated in one asset class +* Accumulate more crypto while holding by earning interest rate on it. Dyor such platforms like BlockFi, [Crypto.com](https://midas.investments/), [Midas.Investments](https://midas.investments/), YouHodler and also diversify. +* Build conviction in your investments. Only invest in things you strongly believe in for the long term +* Avoid debt, so if your investments dip you can still sleep at night + +So, are you BTFD? +My brokerage doesn't allow fractional shares, but does for DRIP. I like seeing those 10.05, 30.234, 20.54, whatever it is. Why? Well I'm not exactly a rich man, so every share I buy really represents a significant cost to me. So to get shares or partial shares for free, hey, that's a nice feeling. +U.S. job growth turned negative for the first time since April in the final month of 2020, as the pandemic that rocked the economy over the past year dealt yet another blow to the labor market. + +The Labor Department released its December jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: + + +Change in non-farm payrolls: -140,000 vs. +50,000 expected and a revised +336,000 in November + + +Unemployment rate: 6.7% vs. 6.8% expected and 6.7% in November + + +Average hourly earnings, month-over-month: 0.8% vs. 0.2% expected and 0.3% in November + + +Average hourly earnings, year-over-year: 5.1% vs. 4.5% expected and 4.4% in November + +https://finance.yahoo.com/news/december-jobs-report-payrolls-coronavirus-pandemic-2020-labor-200212779.html +Not sure if this should go to r/legaladvice or not, but I am a full time college student who did a dumb thing and signed up for a trial newspaper subscription to my local city paper. + +Before receiving any newspapers, I was hit with a bill for 10 dollars. I immediately emailed their online customer service and explained that I hadn't received any of their service and wished to cancel my trial before it began. + +I received email correspondence that stated that the charge would be revoked and that they would close my account. + +This all happened back in February. + +Yesterday my wife got a phone call from a debt collector (I never even gave out my phone number or hers), and that I owed a whopping 49 dollars to the newspaper. + +She didn't acknowledge that I owed the money with the debt collector on the phone and that they would have to contact me to figure out the situation. She then called the customer service line where they stated that I had requested service again. (I didnt and even if I had I never received a f***ing newspaper anyways). + +I called the newspaper customer service line and spoke to a representative that told me that they would clear the charge and speak to the collection agency. I am afraid that they have already sold the debt to the agency and will have no say over what happens. + +I just found one of the collections agencies letters in my mailbox saying I have 30 days to dispute the charge with the collection agency otherwise it will hit my credit report. + +Do I even engage the debt collectors? Because I am not paying them a GD thing. I am afraid from other posts about accidentally "accepting" the debt. + +And if it does hit my credit report, where do I go from there? + +My wife and I are trying to move right now and cannot afford a delinquent account on our reports. + +TLDR: Idiot me signed up for a newspaper trial subscription, got charged before receiving any, cancelled, still got contacted by a debt collection agency for 50 freaking dollars. Pls halp. +This is not financial advice. + +I don’t speak for any other apes, but I’ve been here for 9 months and have been paying close attention to the emotions of the community. All of us like the stock. We believe it’s going to go up in value and so we put up our own money and take that risk. I first got in in January at over $400 hoping to make a few bucks. And then the buy button was taken away. I don’t know fuck about shit, but I do know a cheater when I see one, and at that moment, when they flipped the stock market upside down and changed the rules in the middle of the game like some narcissistic 3rd grader getting his ass kicked at kickball, I knew someone was fukd. I just didn’t know who, and couldn’t comprehend how bad. + +I’ve been lurking here every single day since. And I won’t repeat the DD or point to the breadcrumbs of manipulation uncovered weekly by other great apes. But I’ve read it all. And, if you’re the kind of person who thinks we should all have a level playing field, it’s not good. From top to bottom, I’ve lost all faith in our financial system. So, what started as me purchasing a piece of capital in a business I heard was going to do great things morphed into some other raging beast of truth. + +Based on the community posts I’ve read in the last three-quarters of a year it is easy for me to conclude that many of us are at or near the bottom rungs of the social and economic ladders. Myself included. And now I’ve had a front row seat as the curtain has been pulled back to reveal a system so utterly stacked against the common person it is almost unbelievable. Appalling. Sickening. Eye-opening. I have been used by the elite to power their giant dildo machine, ramming it up my own ass for decades, and now my body is being ground up to lubricate its gears while the next generation grows up in the same matrix, fueling the instrument of their own demise. + +By chance, will, or divine intervention I’m now in possession of something they need, the same as all of you. Through their tricks and manipulations and media lies, they tried to get us to sell them back cheaply out of manufactured desperation. But they didn’t understand that desperation isn’t a passing storm for us. It doesn’t make us panic. It is a heavy smog that hangs over the light of our days. It chokes our lungs and stings our eyes, and we’ve lived in it our entire lives. We were locked in a cage with them, cowering the hours away, but they got too greedy and we figured out the key is hanging around our neck. Now, they’re locked in here *with us.* + +How bad is it? 200% SI? 1000%? I don’t know. But I do know if they want out of this HELL IN A SELL, they’re going to have to get down on their knees in the gravel and beg because I’d rather let this whole mother fucker burn to the ground and live like wolves than keep up this cancerous facade. I like the stock. + +THIS IS GMERICA. +Update 2/19: finally managed to get an update post through moderation- much better than this original! [https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the\_silver\_short\_squeeze\_is\_glaringly\_obvious\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Update 2/4 - someone went ahead and spelled out the mechanics of the squeeze quite well and I would like to give their post attention [https://www.reddit.com/r/wallstreetbets/comments/lc8vgo/slv\_is\_not\_going\_to\_get\_squeezedslv\_is\_the\_trojan/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/wallstreetbets/comments/lc8vgo/slv_is_not_going_to_get_squeezedslv_is_the_trojan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \- however, they are betting on SLV which is controversial. If SLV does have the silver they say they do it’s a great bet. If not, then PSLV is the way to go. I have switched to PSLV + +Update 2/2 - I am able to comment again. I messaged several mods on Reddit and the mod account on Twitter. None of them responded but it appears I am able to comment again so I assume one of them lifted my ban + +Update 2/1 - I have been banned from posting on WSB. I guess they aren’t yet deleting my post here given the media attention. If this was a rogue mod I’d appreciate being restored the ability to post on WSB. I’m open to talking to any mods + +Update 1/31 - there have been tons of 'what to buy' questions so [I added a clarity post](https://www.reddit.com/r/wallstreetbets/comments/l9tzkv/the_dd_on_slv_updated_131_clarity_on_what_to_buy/?utm_source=share&utm_medium=web2x&context=3), hope it helps. It's also getting downvoted to hell because its not about GME so that's discouraging. The speed at which the downvotes flew in makes me think someone made bots to crush new posts related to SLV (or maybe anything not GME). It makes no sense for this post to have 93% upvotes and my new one to have 28%. + +I have not sold my GME to buy SLV. I had a small pre-existing position in leaps I bought months ago. + +Created an [official Twitter handle](https://twitter.com/Thehappyhawaii1/status/1355663208774836228?s=20) not sure if I’ll use it, but didn’t want anyone to impersonate me on there + +Here is the longer DD for the short squeeze case for SLV, a follow-up from my shorter post a few hours ago. Note that I talk in first person as this is something I’m going to do. Everyone is free to do as they individually please and copy my trade if they’d like to. I think it’s absurd that forces at be think this forum is manipulating by posting publicly but that’s where we are at right now. + +First things first, **I'm not doing this until the GME rise is done.** I am long GME but am going long SLV immediately after. + +Update 1/29: due to the manipulation and collusion of citadel, hedge funds, and brokers to change the rules and rig the game in their favor. Who likely knew ahead of time and bought puts right before and calls at the bottom, GME is too important to abandon still. SLV is still my next play but GME needs to go to $1000 and these people need to go to jail. + +**If you just want to know what to buy skip to the end** + +I present 2 investment DDs in this post, the short squeeze and the fundamentals. If you want to see what to buy + +**The short squeeze:** + +Buy SLV shares and SLV call options to force physical delivery of silver to the SLV vaults. Also buy physical silver bullion. The best possible thing would be to take physical delivery in the futures market if you have access to do so. + +The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future. + +The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible. It's not Melvin capital on the other side of this trade, its JP Morgan. Time to get some payback for the bailouts and manipulation they've done for decades (look up silver manipulation fines that JPM has paid over the years). + +The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock you can eventually just issue more shares if the price rises too much, but this simply isn't the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren't halted and that's what will make this so fun when the true squeeze happens. + +Edit for more detail: let’s say there’s one futures seller who gets unlucky and gets the buyer who actually wants to take delivery. He doesn’t have the silver and realizes it’s all of a sudden damn difficult to find some physical silver. He throws up his hands and just goes long a matching number of futures contracts and will demand actual delivery on those. Problem solved because he has now matched the demanding buyer with a new seller. The issue is that the new seller has the same issue and does the exact same thing. This is how the cascade effect of a meltup occurs. All the naked shorts trying to offload their position to someone who actually has some silver. My goal is to ensure that I have the silver and won’t sell to them until silver is at a far higher price due to the desperation. + +The silver market is much larger than GME in terms of notional value, but there is very little physical silver actually readily available (think about the difference between total shares and the shares in the active float for a stock), and the paper silver trading hands in the futures market is hundreds of times larger than what is available. Thus when they are forced to actually deliver physical silver it will create a massive short squeeze where an absurd amount of silver will be sought after (to fulfill their contractually obligated delivery) with very little available to actually buy. They are naked shorting silver and will have to cover all at once and the float as a percentage of the total silver stock globally is truly miniscule. + +**The fundamentals:** + +The current gold to silver ratio is 73-1. Meaning the price of gold per ounce is 73 times the price of silver. Naturally occurring silver is only 18.75 times as common as gold, so this ratio of 73-1 is quite high. Until the early 20th century, silver prices were pegged at a 15-1 ratio to gold in the US because this ratio was relatively known even then. In terms of current production, the ratio is even lower at 8-1. Meaning the world is only producing 8 ounces of silver for each newly produced ounce of gold. + +Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty. At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil. + +This 0.24 billion ounces represents only 8% of the total supply of only 3 billion ounces stored as investment globally. This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs who have been sitting on meager gains for decades. These boomers aren't going to sell no matter what because they see their silver cache as part of their doomsday prepper supplies. It's locked away in bunkers they built 500 miles from their house. Also, with silver at $23 an ounce currently, this means all of the worlds investment grade silver only has a total market cap of $70 billion. For comparison the investment grade gold in the world is worth roughly $6 trillion. This is because most of the silver produced each year actually gets used, as I have mentioned. $70 billion sounds like a lot, but we don’t have to buy all that much for the price to go up a lot. + +\*\*If the squeeze happens, it would be like 40 years worth of their gains in 4 months \*\* + +The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today's world is because there aren't really any good naturally occurring silver deposits left in the world. Silver is more common than gold in the earth's crust, but it is spread very thin. Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper. This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced. Even if new mines were to be constructed, it could take years to come online. + +Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment. It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver. The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand. + +The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion. The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver. The $1.9 trillion stimulus passing in a month or two could be a good catalyst. All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself. + +&#x200B; + +**What to buy:** + +Edit 2/24: I now advocate buying PSLV for shares, physical metal if the premiums come back down, and if you want options then SLV is still ok for that. + +I will be putting **50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16**. This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35. Price target of $75 for SLV by end of April if the short squeeze happens. + +Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once). So if you buy SLV shares and calls, that's great. But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV. It all depends on how paranoid you want to be. There is a lot of paranoia in the precious metals world. + +Alternate options: + +\- buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you pay + +\- going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery + +\- miners; I don’t recommend buying miners as part of this trade. Miners will absolutely go up if SLV goes up, but buying them doesn't create the squeeze in the actual silver market. Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage) + +**Details on SLV physical settlement:** + +When SLV issues shares, the custodian is forced to true up their vaults with the proportional amount of silver daily. From the SLV prospectus: + +"An investment in Shares is: Backed by silver held by the Custodian on behalf of the Trust. The Shares are backed by the assets of the Trust. The Trustee’s arrangements with the Custodian contemplate that at the end of each business day there can be in the Trust account maintained by the Custodian no more than 1,100 ounces of silver in an unallocated form. The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian's, books in allocated and unallocated accounts on behalf of the Trust and is held by the Custodian in London, New York and other locations that may be authorized in the future." + +Join me brothers. Lets take silver to the moon and take on the biggest and baddest manipulators in the world. Please post rocket emojis in the comments as desired. + +Disclaimer: do your own research, make your own decisions, everything here is a guess and hypothetical and nothing is guaranteed, not a financial advisor, I have ADHD and maybe other things too. + +Bear case: silver does tend to sell off if the broader market plunges so it’s not immune to broad market sell off. It’s also the most manipulated market in the world so we are facing some tough competition on the short side +I have close to $200,000 in medical debt. + +I own a home but no other significant assets. I plan to file bankruptcy. I contacted the hospital to negotiate a payment plan and they offered to cut it down to 24,000, but that's still a ton of money for me. I only make 30k a year. + +I won't lose my home in the bankruptcy, but my credit has went from upper 700's to low 500's. + +What's the best way to begin repairing the damage? + +How long will it take? + +My wife has a 740 credit rating, are there any tricks to use her credit to fix mine with out hurting hers? +So today I blew up a account again. This is the third time this has happened to me and I feel like absolute crap. I don’t really know what I’m really asking for it but it just feels incredibly lonely and people around me don’t even realize how much work and time and effort just went down the drain today. I just feel like such a degenerate gambler and I don’t know how I’m going to get myself together after this one. I’m not going to jump right back in and add more money, im probably going to get back to paper trading and learning more before I go back in with real money again. +I'll start by giving some background on my current job. I have a unique job in a small company of about 150 people. I live two states away from the main office and basically work remotely. I get to make my own schedule for the most part and can take off days whenever I want as long as I can finish the work before the month is over. However, for the majority of the month, I travel to various client sites and I'd say my average mileage each month is about 1,500 miles. I am one of two employees in my entire state so I'm basically isolated and alone all month. I had moved from the main office a year ago where I had friends and more office/ less field work which was amazing. Some of these sites are really unsafe and I've been witness to many bad incidents that have left me pretty traumatized. So I've been doing this job for almost 3 years and I'm just feeling done. There's no real way to move up in the company and get out of the trenches without moving back to the main office, which I don't want to move from my current state. I had planned on quitting without any back up job in November as well, though im not sure if I would have followed through. I've always had a job, starting at age 16. + +So I started looking for work and 5 months later I get a job interview, a month later (this past Monday), I recieved an email seeing if im still interested in the position. I say "yes". The new job is a lateral move though. They barely wanted to match my salary I'm making now ($23/hr) which is just above entry level for a college graduate wth my degree. I would get one extra week of paid vacation but I would be doing 9-5 and driving about 45min-1hr commute one way. There wouldn't be flexibility and I would be in a small kiosk but, I would have coworkers to talk to and people to do things with. I don't think there's much growth though within this job as there's only 30 people in the company. Im not entirely thrilled about it either. I don't know why but I just don't seem to have excitement for the new job. I tried to request a month to give to my old employer but the new one needs me now. + +Problem: + +I gave my two weeks notice yesterday and my current company panicked. Most of the time, people give at least a months notice due to the nature of the job and training so im kind of cutting them short. The VP of the company called me and wanted to know why I was so unhappy, I told him, he asked why I didn't tell him i was looking? I've always been told never shoot yourself in the foot before you know you have a job lined up. He asked about the new job and i told him about it, that its linear, that im not all that thrilled, I just can't do this job anymore. + +So he countered by saying, if I stay and give them more time, he will help me find a new job that's probably going to be a step up instead of linear. He said he would help review my resume, write me a letter of recommendation, and use his contacts to find me a good job. If I stay longer. + +I know he's true to his word on this because I've personally seen two of our employees be hired out to our clients through the VP so i know he's not just talking smoke here. + +But now im conflicted. Do I stay and do a job that I hate for just a little bit longer (amount if time unknown) if it means I have a chance at getting a real better job? Or do I go to the new company, burn the old bridge, and see what happens? + +Im in a dual income marriage with only a cat, so if this blows up in my face one way or another, we would be fine for over 10 months. My partner is supportive of whatever I decide as well. I've talked to my parents and they both agree this is a hard decision. + +Im leaning more towards staying though, because I know this company, I know the VP well, I think he can really help me. I just don't want to do this work anymore which I'd have to. Neither of these jobs are my dream job. + +So good people at PF, what should I do? + +Thank you for reading. + +Edit: Hi everyone! Thank you for all your comments! It seems to be a consensus to stay and see if my VP can help me. Im at work now so my responses are slow. Im continuing to read through the comments and I'll respond where I can. Thank you all for your encouragement and insight. I'll be trying to get a written confirmation from him and tell the new company about my counter offer. You're all the best. Thank you! + +Edit: linear-> lateral +Longtime lurker, very rare commenter, but see a lot of value in the commentary here so figured I’d throw out my conundrum for some feedback. + +36, 2kids under 4. NW ~8mm, annual income ~1.4mm. Income and net worth have been driven by a wide variety of endeavors including successful businesses/exits, personal RE, and managing RE syndications (small scale ~20mm AUM). + +I’ve always had a W2 because I’m very conservative and don’t like the thought of my skill set/resume going stake if I really need them some day. I also get really bored/stir crazy if not working. + +In the past couple years, a company I was consulting for got bought out and through a very long and complicated course of events I was asked to run the company by new ownership. Always a glutton for punishment but also opportunity, I agreed. I also have grown pretty attached to the employees and don’t want to leave them hanging out to dry (it’s a pretty niche industry, if I left it would be tough to replace very easily). + +Here’s the rub, the pay is crap. It’s a small company relatively speaking. Essentially a start up with the post acquisition pivot. I’m taking home ~250k/yr. All the value is in the equity. But I’m sick and tired of dealing with ownership which is not run like a board at all — very in the business. + +So the company makes up like 20% of my income but 80% of my time and it kind of sucks. But the things holding me back from up and leaving are the employees who I really enjoy and are a bit like family at this point, and my very risk averse brain saying “what if the $250k/yr in RE cash flow, $200k in syndication fees/carry etc, and $700k in other business passive income (very volatile industry) dry up and my resume is blank for 5 years or skill sets get outdated”. + +I am a lawyer by trade and could toss up a shingle and just take some random clients on my schedule but I’m not totally certain I really want to practice again. + +So there’s the what if worst case scenario as I still have 50+ years to plan for, and what do I do with myself if I bail. I have lots of hobbies but not 40hrs a week worth. And I absolutely adore my kids but if I’m being honest could never be a full time stay at home parent at least while they’re so young - my mind turns to mush after 30 min of kids books and songs on repeat (childcare providers are absolute saints). + +Anyone been in a similar situation? Objectively I’m sure I know the answer is to pull the rip cord and just find something else to do. But I also find myself knowing I’d kick myself if the company hits it big and I walked away from all the upside. +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. +Guys, how long have we been doing this? The bull target is $1069 (niiice) without a squeeze. The bear case is $300 if the NFT marketplace gets delayed or is a flop. + +Doesn’t it seem strange to anyone that all the infighting is happening right as this report drops?? We have seen this before. + +I personally believe u/criand was well intentioned. But it has happened before where someone who was superstonk famous was compromised. Again - I don’t think the Pomeranian is compromised - but it is not impossible for that to happen. Perhaps he had a good idea and the SHF’s saw an opportunity to exploit it to create FUD. That said… + +If you want to play with options, go for it. If you don’t know what you are doing you will likely get hosed. Even if you do know what you’re doing, it’s a dangerous game specifically with GME because of the manipulation we know exists. Sure it could add buying pressure, but at what cost? + +The DD has not changed. It has gotten only more solidified. + +Do your own research. For me, I’m gonna buy and hold. And DRS (only reason I haven’t fed the bot is because I don’t want to post a picture showing my position for privacy reasons). + +Edit: Link to report +[GMEdd Report](https://gmedd.com/wp-content/uploads/2021/11/GMEdd-GameStopValuation-16Nov21-1.pdf) + +Edit: damn - lots of love on this. Totally not expected. Thanks yall + +Edit: After seeing u/criand ‘s post this morning ([Criand Clearing the Air](https://www.reddit.com/r/Superstonk/comments/qvtmxm/clearing_up_some_things_about_options_and_how_it/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) ) I am even mire confident that he was well intentioned. Read this. And lets all stop slinging poo at each other and instead refocus our poo slinging efforts on the SHF’s. +Real simple. Just call the loan office. + +I posted a few days back asking questions about technicalities and if I was in danger of repo and truthfully the advice I got from the post was harsh (more to-the-point than anything) but tits-on accurate. I was in danger of repo and they were looking for me. + +However, I ended up having to pay less than I thought I would (less than half) along with a 30 breathing period that will pick up with regular payments. And I was 97 days past due. More than I thought. + +Now I can actually close my eyes at night instead having my heart race and me jumping to the window to see if I have to beg for my car not to get towed. + +Weight=lifted. Thanks reddit. + + +[https://theconversation.com/all-told-australian-sanctions-will-have-almost-zero-consequences-for-russia-177913](https://theconversation.com/all-told-australian-sanctions-will-have-almost-zero-consequences-for-russia-177913) + +One point not discussed is the effect of the Russian sanctions on us. Symbolically, they are important, but what I want is your thoughts on the effect on our economy. + +Russia is a major producer of nickel, copper, gold, and diamonds. Gas might go up. In many ways, it is a competitor to us so we may get more for our stuff which is good for our debt problem but as consumers, we are going to pay more for these products. +What do you guys think about Lockheed Martin (LMT)? I have been researching this company and it looks like an interesting value play at these prices. The company enjoys a 'huge barriers to entry' moat in my opinion. It is at a forward P/E of 13, the company has grown its revenues, equity, earnings and cash flows quite significantly in the last 10 years and is financially very healthy. As per estimates it is expected to grow by around 6% going forward and also has a dividend yield of 3% Anyone interested in LMT? Would like hear your thoughts? I haven't finished my full analysis yet, will share it here soon. +Hi value team. + +A vague question which could possibly be appropriate for many companies. +Currently mid DD on a company, which I like so far, great management, great past, great outlook, great balance sheets, huge clients, sainsburys, amazon, tesco to name a few. +The issue I'm having is they issue new standard shares, and have done 4 or 5 times since IPO. + +Now usually I would steer clear, but being the type of company they are, they have large outlays in upfront cost, which then return over several years. Year by year they get larger, no dividend cut, and all the 'good stuff' on the annual reports are increasing each year consistently. They have nearly as much assets as their entire market cap, with less than a third of that in easily covered long term debt. + +They do well with their capital. +So the question is to all fellow value guys and gals, should share issuing be a concern, when past shows they turn 1 into 2 quite well. +Last issue was this week at 8~9% MKTCAP + +If I get decent responses then I will let you all know what the company is, I just want opinions first on how others would deal with this information on a blind analysis + +THANKYOU +Twitter's share price from the 1st day of trading (back in November 2013) until today increased by only 8%. The long-term shareholders have every right to be unhappy with the performance as well as the way the company has been managed. This post is my attempt to value the company based on the current management as well as to assess whether Elon Musk's offer of $54.2/share is fair. + +As always, the post will start by focusing on the company's fundamentals. + +Link to the video for those who prefer to watch: [https://youtu.be/kouIcFE4zy8](https://youtu.be/kouIcFE4zy8) + +**What is Twitter and how does it make money?** + +Twitter is a global social media platform that allows users to share content ("Tweets") in the form of text, video, and audio. The company in its annual report is described as "Twitter is what's happening in the world and what people are talking about right now". + +Currently, it has two revenue sources: + +1. **Advertising revenue** \- accounting for 90% of the revenue ($4.5b in 2021). If this segment is to grow, the equation is relatively simple. The company needs to increase the number of users and/or the average revenue per user. +2. **Data licensing and other** \- accounting for the remaining 10% of the revenue ($0.6b in 2021). This is an attempt to diversify the revenue and allow the use of their data through API. + +**The advertising revenue - The key segment** + +It is important to understand both the user base and the revenue per user in order to understand Twitter's main segment. For that purpose, we need to divide the users into two categories: + +1. **The US users** \- The number has increased from 25m in 2017 to 38m in 2021 (11% annual growth), with the average revenue per user growing from $57 to $75. This growth came only in 2021, the average revenue per user up until 2020 was $56, almost at the same level as 2017. +2. **The international users** \- The number has increased from 115m in 2017 to 217m in 2021 (19% annual growth) and it is clear that the majority of the user growth comes from users outside of the US. However, the average revenue per user has grown from $11 in 2017 to $13 in 2021, which is not that impressive. + +The management is targeting 40% user growth in the next 2 years. Taking into account that the majority of these new users will not be from the US, it is quite clear that the revenue growth over the next 2 years compounded cannot get anywhere close to 40% (Although, the most optimistic analysts are projecting revenue growth way above that). + +&#x200B; + +**The historical performance** + +Although the revenue grew from $2.4b in 2017 to $5.1b in 2021 (20% annual growth), the operating margin wasn't stable at all: + +&#x200B; + +|Year|Operating margin| +|:-|:-| +|2017|2%| +|2018|15%| +|2019|11%| +|2020|1%| +|2021|\-10%| + +It seems a bit strange that the margin improved and then declined to this level. Well, there are 3 main reasons for that: + +1. **Sales and marketing expense growth** \- To some extent, this can be justified as the user base did grow. Although, over time, this will decrease as % of revenue +2. **R&D expenditure growth** \- This is difficult to justify at the moment. The company spent almost $4b in R&D in the last 5 years ($1.2b being only in 2021 - 25% of the revenue). +3. **Litigation settlement** (only in 2021) - $766m for misleading investors over the company's growth prospects. + +&#x200B; + +**The R&D and Twitter Blue** + +If a company spends close to $1b/year on R&D, expectations are set high, and Twitter, so far, has disappointed. They introduced Twitter Blue recently, another attempt to diversify the revenue streams and their first-ever customer subscription offering, costing around $3-4/month (depending on the region) and is currently available only in the US, Canada, Australia & New Zealand. + +However, the question is, is this a subscription that will attract the average user of Twitter? Here are the main points of this offering: + +1. It offers ad-free articles from certain publishers (but isn't ads-free) +2. It doesn't have a free trial. +3. It doesn't offer priority for customer support. +4. It offers to ability to undo tweets. +5. It offers bookmark folders. +6. It offers various themes and custom app icons. +7. it offers reader mode. + +The answer to whether this is worth it is, of course, subjective. My personal opinion is that all of these features should be available to every single Twitter user. I don't think there's anything premium related to that and definitely doesn't justify the R&D expenditure. Yes, of course, part of the R&D goes to the further development/enhancement of their algorithms, and part of the increase is due to the general salary wages of the engineers. However, I would've expected more new products/solutions. + +**The financial position** + +The company has a healthy balance sheet with cash and short-term investments ($6.4b) exceeding their debt and leases ($5.5b). The property, plant, and equipment have been growing over time to accommodate the user growth. + +**The key assumptions about the future** + +**Revenue** \- There's a large gap between the expectations from the analysts about the future revenue. The management is expecting a 40% growth in the number of users in the next 2 years and the analysts forecast revenue growth between 33% and 56% over the same period of time. My assumptions are a bit closer to the more pessimistic forecasts. +I'm forecasting 18% growth in 2022, followed by 15% growth up until 2026, and then the growth to decline to the risk-free rate. By year 10, the company's revenue would've grown to $15.1b. + +Of course, the company has the potential to grow much faster and develop new products. But they had the potential every single year and they didn't deliver on it. + +**Operating margin** \- There's no doubt that both the Sales & Marketing and the R&D expenditure will decrease over time as a % of revenue. My forecast for the operating margin is 20% and it will take Twitter 8 years to get there. + +**Discount rate -** 7.05% (Based on WACC) + +**Outcome** after adjusting for cash, debt & outstanding equity options that will cause dilution - **$21.95/share** \- Way below the current market price and the offer made by Elon Musk. + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Let's take a look at how the valuation of the company (per share) changes based on different assumptions related to the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|16%|20%|24%| +|:-|:-|:-|:-| +|198% ($15.1b)|$16.7|$22.0|$27.2| +|350% ($22.9b)|$32.0|$35.9|$39.8| +|500% ($30.5b)|$30.6|$40.3|$50.0| + + +In order for Twitter to grow to $30.5b in revenue, it has to grow 20% every year in the next 10 years. Is it possible? Of course. Do I trust that the current management can deliver? Absolutely not. On top of that, to get to a value of $50/share, they need to expand the operating margin to 24%. + +Based on this analysis, it seems that Elon Musk is offering a significant premium over the intrinsic value of the company with the current management. +This story could definitely have wide ranging impacts within the O&G sector - should be interesting to see how it unfolds: + +* * * + +The chief executives of Exxon XOM -2.65% Mobil Corp. and Chevron Corp. CVX -4.29% spoke last year about combining the oil giants, according to people familiar with the talks, testing the waters for what could be one of the largest corporate mergers ever. + +Chevron Chief Executive Mike Wirth and Exxon CEO Darren Woods spoke shortly after the coronavirus pandemic took hold, decimating oil and gas demand and putting enormous financial strain on both companies, the people said. The discussions were described as preliminary and aren’t ongoing but could come back in the future, the people said. + +Such a deal would reunite the two largest descendants of John D. Rockefeller’s Standard Oil monopoly, which was broken up by U.S. regulators in 1911, and reshape the oil industry. + +A combined company’s market value could top $350 billion. Exxon has a market value of $190 billion, while Chevron’s is $164 billion. Together, they would likely form the world’s second largest oil company by market capitalization and production, producing about 7 million barrels of oil and gas a day, based on pre-pandemic levels, second only in both measures to Saudi Aramco. + +But a merger of the two largest American oil companies could encounter regulatory and antitrust challenges under the Biden administration. President Biden has said climate change is one of the biggest crises the country faces. In October, he said he would push the country to “transition away from the oil industry.” He hasn’t been as vocal about antitrust matters, and the administration has yet to nominate the Justice Department’s head of that division. + +One of the people familiar with the talks said the sides may have missed an opportunity to consummate the deal under former President Donald Trump, whose administration was seen as more friendly to the industry. + +A handful of sizable oil and gas deals were completed last year, including Chevron’s $5 billion takeover of Noble Energy Inc. and ConocoPhillips ’ roughly $10 billion takeover of Concho Resources Inc., but nothing close to the scale of combining San Ramon, Calif.-based Chevron and Irving, Texas-based Exxon. + +Such a deal would be noteworthy in the oil industry, surpassing in size the mega-oil-mergers of the late 1990s and early 2000s, which included the combination of Exxon and Mobil and Chevron and Texaco Inc. + +It also could be the largest corporate tie-up ever, depending on its structure. That distinction currently belongs to the roughly $181 billion purchase of German conglomerate Mannesmann AG by Vodafone AirTouch Plc in 2000, according to Dealogic. + +Many investors, analysts and energy executives have called for consolidation in the beleaguered oil-and-gas industry, arguing that cutting costs and improving operational efficiencies would help companies weather the pandemic-induced downturn and prepare for an uncertain future as many countries seek to reduce their dependence on fossil fuels to combat climate change. + +In an interview discussing Chevron’s earnings Friday, Mr. Wirth, who like Mr. Woods also serves as his company’s board chairman, said that consolidation could make the industry more efficient. He was speaking generally and not about a possible Exxon-Chevron merger. + +“As for larger scale things, it’s happened before,” Mr. Wirth said, referring to the 1990s and early-2000s megamergers. “Time will tell.” + +Paul Sankey, an independent analyst who hypothesized a merger of Chevron and Exxon in October, estimated at the time that the combined company would have a market capitalization of about $300 billion and $100 billion in debt. A merger would allow them to cut a combined $15 billion in administrative expenses and $10 billion in annual capital expenditures, he wrote. + +Exxon was America’s most valuable company seven years ago, with a market value of more than $400 billion, nearly double Chevron’s. But Exxon has fallen from its heights following a series of strategic missteps, which were further exacerbated by the pandemic. It has been eclipsed as a profit engine by tech giants such as Apple Inc. and Amazon.com Inc. in recent years and was removed from the Dow Jones Industrial Average last year for the first time since it was added as Standard Oil of New Jersey in 1928. + +Exxon’s shares have fallen nearly 29% over the last year, while Chevron’s are down about 20%. Chevron briefly topped Exxon in market capitalization in the fall. + +Exxon endured one of its worst financial performances ever in 2020. It is expected to report a fourth consecutive quarterly loss for the first time in modern history on Tuesday and already has posted more than $2 billion in losses through the first three quarters of 2020. + +Chevron also has struggled, reporting nearly $5.5 billion in 2020 losses Friday. But investors have expressed more faith in Chevron because it entered the downturn with a stronger balance sheet—in part because it failed in its $33 billion bid to buy Anadarko Petroleum Corp. before the pandemic, having been outbid by Occidental Petroleum Corp. in 2019. + +Exxon has about $69 billion in debt as of September, while Chevron has around $35 billion, according to S&P Global Market Intelligence. + +Some investors have grown increasingly concerned about Exxon’s direction under Mr. Woods as the company faces a rapidly changing energy industry and growing global consciousness about climate change. Some are also worried that Exxon may have to cut its hefty dividend, which costs it about $15 billion annually, due to its high debt levels. Many individual investors count on the payments as a source of income. + +Mr. Woods embarked on an ambitious plan in 2018 to spend $230 billion to pump an additional one million barrels of oil and gas a day by 2025. But before the pandemic, production was up only slightly and Exxon’s financial flexibility was diminished. In November, Exxon retreated from the plan and said it would cut billions of dollars from its capital spending every year through 2025 and focus on investing in only the most promising assets. + +Meanwhile, the company’s woes have helped draw the attention of activist investors. One of them, Engine No. 1 LLC, has argued that the company should focus more on investments in clean energy while cutting costs elsewhere to preserve its dividend. The firm nominated four directors to Exxon’s board Wednesday and called for it to make strategic changes to its business plan. + +Exxon also has been in talks with another activist, D.E. Shaw Group, and is preparing to announce one or more new board members, additional spending cuts and investments in new technologies to help it reduce its carbon emissions. + +Rivals such as BP PLC and Royal Dutch Shell PLC have embarked on bold strategies to remake their business as regulatory and investor pressure to reduce carbon emissions mounts. Both have said they will invest heavily in renewable energy—a strategy that their investors so far haven’t rewarded. + +Exxon and Chevron haven’t invested substantially in renewables, instead choosing to double down on oil and gas. Both companies have argued that the world will need vast amounts of fossil fuels for decades to come, and that they can capitalize on current underinvestment in oil production. + +https://www.wsj.com/articles/exxon-chevron-ceos-discussed-merger-11612126203?mod=hp_lead_pos1 +Hello, + +I was just wondering what do your friends and relatives think about your choice to live a frugal lifestyle? I am 22M, still studying, still working, yet saving every single dime. No debt, pretty happy about my net worth, i really do not go out that much, but it is enough for me i dont need to spend money on parties and so on - i'm happy with my minimalistic lifestyle and i'm like way ahead of all my friends in terms of net worth etc(not trying to compare myself). + +However, when i talk about my FIRE goals and my lifestyle - most of my friends are like '' fk man you're missing out on things, money does not matter'' and sht like that ''why you need money if you are not going to spend it ''. + +Are most of your friends also like that? How do you answer to them and what do you say? +Hello I have two 401k accounts from my 2 previous jobs and I would like to have them both under the same roof. I was thinking of rolling then into my current 401k plan but I don't know what would be best. + +Thanks in advance +Since posting this my wife (professional programmer) helped review my methodology and we found a significant error that does not change the general gist of this. R\^2 since 2013 ranges from .88 to .67 on an annual basis. + +Edit: data from January 2021 onward: [https://docs.google.com/spreadsheets/d/e/2PACX-1vSx0cqTze--1GeAVTIPqzu9toqZBAauB8fDcZaGeWlOK9mU-4UnJHSKu0mPDwQIvh0dZjD-NKN\_iRyb/pub?output=csv](https://docs.google.com/spreadsheets/d/e/2PACX-1vSx0cqTze--1GeAVTIPqzu9toqZBAauB8fDcZaGeWlOK9mU-4UnJHSKu0mPDwQIvh0dZjD-NKN_iRyb/pub?output=csv) + +Friends, apes, primates, lend me your ears, for we have been poorly deceived. There has been analysis showing that GME and XRT are closely linked, but how closely has been a matter of some discussion. I ran an analysis of linear regressions on an annual basis back to the beginning of Reg SHO data in 2009, and the crazy thing is that XRT closing prices peg so ~~closely to a perfect explanation of GME's closing prices that my linear regression modelling software says that I should check the data for an error~~. it is an incredible explanation of 2/3 of GME's close price. As a control, I checked the same data against Kroger, ticker KR, which has a roughly equivalent weighting in XRT: [https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt) + +[Console output of regression modelling](https://preview.redd.it/y6ksrdevc1p81.jpg?width=620&format=pjpg&auto=webp&s=b9518afdaa120480280ce894665ac52d79113a91) + +Let's break this down: regressions measure the amount of variation in the independent variable (the stuff on the left side of the equation) against the variation of the explaining variables (the stuff on the right side of the equation). The R\^2 or in this case the Multiple R-squared is a measure of the fitness of a line drawn through the mean of the explaining variables. At first I thought, *Hey, I bet that shares marked short means something*, and oh boy was I wrong. Any combination of variables including shares marked short was only able to explain about 7% of the variation in GME's closing price. **AFTER CORRECTION THIS IS STILL TRUE.** However, it did so with some accuracy. XRT's closing price is a ~~perfect~~ close correlate of GME's closing price. This is not true of other XRT components. XRT is and has been pegged closely to the GME closing price ***since at least*** ***~~2009~~*** ***2013***. + +I'm going to throw in a gratuitous table of some of the data I compiled using Reg SHO scraping from NYSE and FINRA for this task, just so you can see what I was working with. + +&#x200B; + +[Gratuitous compiled data from scraping Reg SHO data and yahoo finance for historical volume](https://preview.redd.it/br35jclof1p81.png?width=2625&format=png&auto=webp&s=500ee6155edeb20b38091d85e48a8f1a46fecf2f) + +As you can see, I've done an enormous amount of work here, and there are some other interesting conclusions that might be made about lit exchanges, OTC, and marked short volume. However, this stuff is all secondary to the fact that ***XRT is another GME ticker***. + +So whenever you see another "XRT has crazy SI" post what you should be thinking *I wonder how they're fucking with XRT to make it match GME today, and what kinds of shenanigans that SI for what is essentially another GME ticker means for GME*. + +Tl;dr: XRT isn't just closely linked to GME, it **is** GME. + +Expertise: I worked professionally at a federal agency as a Statistician in support of Economists for 2 years. I currently write regulations in a different federal agency (for an other industry) and turn budgets into hate using projections that have a \~99% accuracy rate given an accurate description of the underlying conditions. This is my second Due Diligence post on Superstonk. + +Edit: I showed this to my wife, who is an actual programmer, and I fucked up slightly. I accidentally attached the GME yahoo finance data to the XRT data. After correcting, the actual R\^2 isn't 1, it is 0.6782. + +&#x200B; + +[I fucked up. Sorry. Still the best fit. Kroger improved to R\^2 of 0.00065](https://preview.redd.it/s9zesxde02p81.jpg?width=996&format=pjpg&auto=webp&s=3f62b8ea892918fade4ac4166c2fdf752f973f7c) + +&#x200B; + +Edit: A good suggestion by a commenter was to perform the same sort of regression with SPY. Below is that output. + +[Multiple R-squared of 0.08](https://preview.redd.it/bz9kl29fg4p81.jpg?width=884&format=pjpg&auto=webp&s=26d9791dfcc3ba2ee5aed253277ee26b97f2d065) + +SPY has a strong ability to explain about 8% of the variation of GME. + +Edit: I was suggested to look specifically at AZO and VSCO for their time in XRT. Here are their results for 2021 and 2022: + +&#x200B; + +[Less predictive ability in XRT for these two tickers](https://preview.redd.it/bctvwmsjb7p81.jpg?width=644&format=pjpg&auto=webp&s=1c7c7a40f04cafe277497fb217ee641c06e90771) +One of the things that amazes me currently in this market is that, it feels like we are trying to justify every new coming hot tech/growth company as if they are the next AMZN in their field. I think one of the delusions people are having lately is that they look at what people projected for AMZN 5-10-15 years ago and compare that to what actually happened. + +While it is true that AMZN exceeded any sort of expectation by a huge margin (and did this consistently, year over year) it feels to me that we are taking perhaps one of the most unique success stories ever and then extrapolate that to others, thinking that as if those sort of growth and expectations are in fact more common and easy to achieve than not, regardless of the industry the subject company is operating in. + +I could discuss this for a number of stocks, I wanted to open discussion for TSLA. As we all know, TSLA stock went up almost 8 fold in the last year. Today, it is common occurrence in the market that analysts are justifying these price levels and state why TSLA is just more than a car company. This argument obviously has its own merits, but aren't we little ahead ourselves and already attribute *from today,* all those things that could potentially be achieved and bake it into the price? + +If we went back in in time, we could probably say AMZN was more than just a book company, but could we really say that they would have almost monopolistic power in most of the areas they operated in? Could we really say back in 2008 that AMZN would emerge the market leader in something like for instance Cloud? Or, did these things happen and then we realized how great AMZN became, *after the fact.* It feels like this was much easier to do in hindsight. But what if AMZN is truly that one outlier, anomaly, in the history of stock markets in terms of sustained growth and market power? + +Isn't this what we are trying to do with TSLA here? I do think Elon is one of the greatest minds of our time and can achieve far beyond any other has achieved so I am not comparing Bezos or any other with Elon here. But what I am trying to say is that, just thinking TSLA as a company, aren't we already saying today that they already have monopolistic power in EV cars, autonomous driving, solar-energy trade, underground tunnels, robotaxis, etc. - you name it, as if they are already there and waiting to be switched on? It's as if we have already attributed everything we could imagine could happen and already announced TSLA as the winner. + +Now this is the theory side of things. **How about financial side of things?** + +I don't want to approach this from a car sales point of view, but I will make certain comments. + +But what if we applied AMZN's growth trajectory into TSLA, without focusing too much on car sales, and just see what growth and valuation that would lead us? If TSLA is just more than a car company, what other example could serve best in terms of growth, thinking from an array of products and technological advantage perspective? + +So I did a quick and dirty DCF calculation. In there, my starting point is the first year when AMZN hit $24 billion in revenue, which is 2009. TSLA achieved it's $24 billion in 2019, so from there onwards I am applying AMZN's growth trajectory for the following 10-11 years. Then, growth is gradually reduced in going into the terminal year. What this means is TSLA will be roughly $900 billion revenue generating company by year 20 (2040). From a car sales perspective, I can't really project how many cars it could sell in 20 years, but lets say it is 10 million cars. (I think GS said 15 million). Toyota in 2019 sold around this number I believe so with all the competition that will happen in this space, I think this is by no means and under-estimation. In 2019, TSLA sold roughly 367,500 cars and for a total revenue of $19.2 billion (excluding regulatory credits). On average this equates to $52k per car. In 20 years, car prices will be higher than what they are today obviously, but there will be competition and economies of scale to bring the price down. This one is hard to assume but let's say it grows 1.0% - 1.5% per year with long term inflation, again not necessarily higher because of these offsetting factors. If they do indeed sell 10+ million cars, this is roughly $600-650 billion from cars. + +This leaves you with another $200-250 billion or so for other things, whatever you want to attribute this for - AI, robotaxies, insurance, and so on. Now this figure is a future value, so from today's perspective (using a discount rate of 8% used in my DCF below) that's roughly $60 billion (revenue). This is again a huge number, as it is almost another Facebook, 2x Coca-Cola etc., or half of GM/Toyota type business from revenue generating capability, again, from *today's perspective - none of which has already happened.* + +Once again I want to point out that my revenue projections are not driven by bottoms-up car sales, rather, I am using simply AMZN trajectory in terms of growth, then try to attribute the resulting final revenue figure into parts, obviously majority being from car sales, and the rest from whatever you can think of. (Simply because we don't know what AI/Robos/Insurance/Transportation businesses can generate from revenue/profitability/market share perspective and more importantly what the competition in those areas can be). If you think TSLA can grow even more than AMZN, then I just want to remind you that you won't easily justify 40-50% revenue growth rates once you're in the 50+ billion zone, which is the point of the argument. AMZN, still achieved those growth rates when it had 100+ or 200+ billion, which is what we are already assuming here. + +So in the stock price we have baked in, from a revenue perspective, a car business that will sell at least 10+ million cars (this number can obviously be higher but even 10 million will be big market share), and other businesses that are worth, today, more than most companies you can think of. + +Now this is the growth side of things. How about margins? + +We know TSLA generated a last twelve months EBITDA margin of 14% as of Q3 2020. While margins from car manufacturing is certainly improving, most of this margin is actually attributed to sales of regulatory credits, which are by definition almost 100% profit. And so in reality, the margins are much lower, maybe around low single digits between 1-5%. Now this is important because even with all this revenue growth (and if you disagree with me and think it will even be higher), you still need to achieve big margins on your business. I mean really really good margins, we are talking about 15-25% each year. Interestingly, AMZN, while growing its top line crazily over the years and becoming a behemoth as it is today, always lacked in terms of their margins. That goes without saying they are a tech company that typically exhibit great returns on capital. So the point is they had to sacrifice their margins to be able to achieve this growth and this is an important point. + +In my DCF, I am extremely generous. I kept TSLA's EBITDA margins at 15% for the next 3 years, bumped to 17.5%, 20.0%, then to finally 25.0% every 3 years in going forward. Once again these regulatory credits will not be there forever so those margins are extremely optimistic at this point. They might indeed achieve 25% margins in 10 years or so but it won't be this smooth. + +With these two major factors, other items in the DCF are not super important. The discount rate is 8.0%, which I believe is reasonable, NWC and Capex assumptions are in line with what they are today and I don't think they would necessarily go down (if not go up). I just want to mention that you may completely disagree with some of the assumptions I outlined above. The point however is no matter what sort of DCF you come up with, you will end up either with lower or slight higher value for TSLA, using very, very aggressive assumptions for 10+ years. So the point and question is around the **margin of safety** here. + +It seems I can't directly post pictures so here is the link for the DCF: + +[https://ibb.co/mSHDcBh](https://ibb.co/mSHDcBh) + +You might wonder, well your price is even higher than what it is today so why did you write this. + +Once again my whole point in the argument was that the margin of error in TSLA's stock price right now is non-existent, because we've already treated it the next AMZN, gave the best margins possible, attributed big bucks on its other stuff. I think my DCF is still in the unreasonable side, but I wanted to point this out that even a s*light change in trajectory would mean a totally different path and stock price for TSLA.* + +So the question is, are we ahead of ourselves with TSLA? This could also apply to others as well, this so called growth companies. It is as if we are pricing everything today and think that they have already achieved incredible market share in everything they touched and it's only a matter of time that these revenue/profits are realized. Are we taking one anomaly and applying this rationale for every other great company under the name of "it's tech"? Elon is great and TSLA will be great. But the business model may not just allow them to be the next AMZN, regardless of technology or improvement. + +One final comment I will make is related to autonomous driving and data TSLA is collecting. While it is for certain that this data gives TSLA an incredible power in developing this technology, I see couple of issues with this as it relates to future of this thing. + +Companies such as Facebook are big not because of their software, but because of the network effects they exhibit. And because of those network effects they become larger and larger and are able to collect more data, which creates an incredibly profitable cycle for them as they can monetize that data right away. Data for TSLA here only matters in developing that technology. Monetization however, is another story. + +What I am not entirely sure with all this AI story is that if it needs to continuously get updated for use, then how do regulators/companies determine the older version was safe to use to begin with. What I understand is that AI is something that needs to get constantly updated based on data, challenge here is that you are carrying people's lives here (as opposed to targeting ads) so there needs to be an infliction point where the full autonomous driving AI software should be at a point where it is certainly 100% safe to use. Because if it is not, then the technology fails until it reaches to that point. If it does reach out to that point, then how difficult is it going to be for others to get to that point or use similar technology if what you need is to get from point A to B safely. + +Besides there is the price factor in as well. Let's say TSLA is the only one who can do this. If autonomous driving is too expensive, then how much will people pay for it? Say if the car is 50k and you have to pay extra 50k on top of that - would you do this? Would this have a cannibalization effect? Or if it is monthly subscription fees, would you go on to pay this forever? How significant will the cost be in 20 years from now when others presumably also start providing some sort of service. + +On the other hand, if it is not expensive and only a fraction of the car price, then how are you going to achieve these growth levels with that data and technology to begin with. It is one thing to have a great technology, another to monetize it. They might license it for sure, but then you lose all that power right away. So the question then becomes, will it be a niche product or commodity at the end of the day - either of which will not allow you to have incredible returns. + +What are your thoughts? +This is not the place for day trading. You will get clobbered. Nothing makes sense with the price. + + I could see them planning to push you here just to tank the price and have you sell just to get out before you had a chance to read and learn and figure out what is going on here... and no offence... but it might be what you guys are planning to do with your crypto and throw it at gme. (Which I think is smart but what do I know) this isn't the place for that. Look at all the good news about the company. New leadership. No debt. Big move to e commerce. The list is a mile long. Squeeze no squeeze this is a great company that's about to do great things. Just stay calm. Read the dd. And hodl. + +Do your own research... make your own plans. This is not financial advice. I'm retarded etc etc. +“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 Tesla Bitcoin is worth about 0.2% of the entire market cap. So around 38k BTC after selling 10% previously. In the last 30 days institutions have bought 215,000 BTC. + +Don’t think for one minute that Elon and/or Tesla is the only thing keeping this market up. Bitcoin hit $42k before Tesla got involved + +Don’t get played by FUD, Tesla does not make this market +Money is being moved out quickly and swapped. Messages sent in eth domains from the hackers. There is an update for all the apps as well. + +The important thing is that you do not update the app. None of the fTX related apps. + +It's in your interest to delete them and be very cautious. + +People's balances are being deleted and some big things are happening. No clue how this will end or where this originated from. It might be an inside job or a state actor. Who knows. Aspects of this hack are sloppy and other parts are very planned out. + +So again DO NOT UPDATE FTX APPS!!!!!! You might lose a lot more! + + +Edit: id also recommend people monitor any connected bank accounts or debit/credit cards for the next few months. And use credit karma to make sure no new cc have opened under your name. We don't know what customer data was stollen. + +edit: UPDATE. My bank account has been accessed by FTX using Plaid today. Please please remove FTX from accessing your account https://twitter.com/mikemcg0/status/1591477400634023938 + +I was able to remove access by going into my chase app +https://www.news.com.au/finance/real-estate/buying/australian-real-estate-house-prices-to-drop-by-as-much-as-15-in-next-18-months/news-story/96163e77b625161fd4281d16bd5b8eee +I thought a more detailed breakdown than the "What's your annual spending?" thread provided would be nice for the community so I cleaned mine up for you. + +I'm married with kids, living in an HCOL area. I had no income in 2021, and my wife is working a 2/3 schedule in healthcare which provides us with a healthcare coverage option for which we pay roughly 50% of a comparable ACA plan (not represented in spend). My eldest started Kindergarten this year. + +In terms of net worth, we have \~500k in our 2200sf, 1mm home, and 6.5mm diversified at 70/30. It depends on the week, but looking back over the past few months, we have another 15-25mm (post-tax) sitting in a concentrated position. + +A few notes on spending: + + * Taxes do not include the final '21 estimated payments, but do include '20 underpayment related to stock sales. + * Under shopping, "Other" includes Amazon purchases, many of which are Home Supplies. Those fancy sheets add up. + * IVF was covered roughly 60% by health insurance this year. + * For January - March, I summarized all of our spending at a higher level in Mint, which didn't look back far enough when I started using it in July. Therefore, sometimes a Breakdown is a bit generic looking (ex: Bills & Utilities under Bills & Utilities). Sorry about that! + * Numbers are rounded to the nearest 100 or 1000 (</> 10000). + +In 2022, I'm hopeful we will increase our Travel and Dining spend, and decrease our Home Improvement spend. Our daycare spend will be lower. Our tax bill next year will be outrageous as we continue to diversify. + +| Category | Breakdown | | | +|---|---|--:|--:| +| Gifts & Donations | | | 179,000 | +| Home | | | 108,000 | +| | Home Improvement | 44,000 | | +| | Mortgage (P&I) | 34,000 | | +| | Furnishings | 12,000 | | +| | Lawn & Garden | 6,200 | | +| | Home Supplies | 4,900 | | +| | Home Services | 4,900 | | +| | Home Insurance | 1,800 | | +| | HOA | 100 | | +| Taxes | | | 89,000 | +| | Federal Estimated '21 | 37,000 | | +| | State Estimated '21 | 18,000 | | +| | Federal Tax Under-withholding | 17,000 | | +| | State Tax Under-withholding | 9,800 | | +| | Property Tax | 8,100 | | +| Kids | | | 46,000 | +| | Babysitter & Daycare | 39,000 | | +| | Other | 5,500 | | +| | Kids Doctor | 1,000 | | +| Financial | | | 39,000 | +| | Wealth Management | 35,000 | | +| | Other (CPA, Advice) | 4,100 | | +| Health & Fitness | | | 31,000 | +| | IVF | 22,000 | | +| | Therapy | 6,200 | | +| | Sports | 1,200 | | +| | Doctor | 1,000 | | +| | Pharmacy | 400 | | +| | Other | 300 | | +| Food & Dining | | | 26,000 | +| | Groceries | 9,500 | | +| | Restaurants | 8,100 | | +| | Food & Dining | 5,100 | | +| | Alcohol & Bars | 1,700 | | +| | Fast Food | 900 | | +| | Cheese | 200 | | +| | Coffee Shops | 100 | | +| Shopping | | | 23,000 | +| | Other | 7,400 | | +| | Sporting Goods | 7,300 | | +| | Electronics & Software | 4,600 | | +| | Clothing | 3,800 | | +| | Books | 100 | | +| Travel | | | 14,000 | +| | Hotel | 7,300 | | +| | Air Travel | 2,600 | | +| | Vacation | 2,500 | | +| | Travel | 1,500 | | +| | Rental Car & Taxi | | | +| Auto & Transport | | | 14,000 | +| | Auto Payment | 6,300 | | +| | Auto & Transport | 3,700 | | +| | Auto Insurance | 2,000 | | +| | Gas & Fuel | 1,000 | | +| | Service & Parts | 800 | | +| | Parking | 200 | | +| Bills & Utilities | | | 7,000 | +| | Bills & Utilities | 3,000 | | +| | Utilities | 2,400 | | +| | Internet | 700 | | +| | Television | 600 | | +| | Mobile Phone | 300 | | +| Pets | | | 3,300 | +| Uncategorized | | | 1,700 | +| Entertainment | | | 1,200 | +| Business Services | | | 900 | +| Education | | | 500 | +| Personal Care | | | 400 | +| Fees & Charges | | | 300 | +| Misc Expenses | | | 9,500 | +| | | | | +| Total | | | 594,000 | +| Total - Gifts | | | 415,000 | +Little Shapes NFT is a Twitter user with 26.4k followers. He mostly posts about NFTs and particularly his project called Little Shapes, supposedly the "first NFT's ever generated with a physics engine". + +https://preview.redd.it/bjp7bh8jht8a1.png?width=669&format=png&auto=webp&s=427a912281dbc0c3d4823b49a738a3e9308c36c5 + +The account had gone inactive after 24 June 2022 for unclear reasons. Today, on 29 December, the account posted for the first time, explaining that he had been in a car accident and a long coma. His initial post was very positive. + +&#x200B; + +https://preview.redd.it/85stxwmtht8a1.png?width=635&format=png&auto=webp&s=77551342c755db86e9daeaa769af62621cd9e22b + +Shortly after, he checked his FTX account, and found out that his funds are gone. + +&#x200B; + +https://preview.redd.it/nqwuklp7it8a1.png?width=633&format=png&auto=webp&s=3cf2d1fba03596da93619794f71286bedbda2893 + +A few hours later, he posted again, stating that he will tell his wife how much was in the account tomorrow. I assume it was a large sum. + +&#x200B; + +https://preview.redd.it/0kt224igit8a1.png?width=655&format=png&auto=webp&s=940b46fc8f2d9cd92ab399945164790ba59da6e8 + +What a crazy story. We joke about being away for a long time (jail, coma) and coming back rich. Never thought of the other way around... +I have a loan with Citi and got some amount credited to citi savings account, with description "credit of ex-gratia payment". I think it's for the PL but I dint opt for moratorium, wonder why I got this amount. +# " Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. " + +**UPDATE AT BOTTOM: CUSIP CHANGE IS INCONCLUSIVE TO FORCE NAKEDS TO COVER. LOOKS LIKE WE NEED CRYPTO DIVIDEND FOR THIS STEP. EXPLANATION BELOW.** + +# Why a Reverse Merger is the Golden Bullet: + +*(if on mobile, scroll right on table)* + +|Theorized MOASS Catalyst|Benefits GME Company|Benefits GME Shareholders|Benefits Ryan Cohen|Shakes the Shorts| +|:-|:-|:-|:-|:-| +|Monetary Dividend|NO|YES|YES|NO| +|Crypto-Dividend|NO, possible litigation|YES|NO, because he wants to buy more GME|YES| +|Stock Split|YES|YES|YES|NO| +|Reverse Merger|**YES**|**YES**|**YES**|**INCONCLUSIVE**| +|Merger With SLGG|YES|YES|NO, because he wants to buy more GME|**INCONCLUSIVE**| + +**A Reverse Merger will:** + +1. put more cash on the Gamestop Balance sheet +2. allow Ryan Cohen to take control of \~+20% total of Gamestop and be the single most powerful shareholder +3. change the CUSIP, which forces naked shorts to cover as they can not prove a borrow +4. reward shareholders extraordinarily + +&#x200B; + +**Ryan Cohen has always indicated his interest in achieving significant influence over GME:** + +>Please be advised that RC Ventures is not interested in receiving a lone seat on GameStop’s ten-member Board. It is not enticing to become an isolated stockholder advocate on a Board that has overlooked years of digital revenue opportunities and presided over massive value destruction without assuming full accountability. We want GameStop’s leaders to do their jobs and implement a strategy for bringing the Company into the 21st century. + +**In the RC Ventures and Gamestop Agreement RC Ventures has reserved the right to acquire 19.9% of Gamestop. If Ryan is taking full control he wants a bigger stake.** + +[RC Ventures agreement with Gamestop:](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm)(i) acquire, seek or propose (publicly or otherwise) or agree to acquire, beneficial ownership, directly or indirectly and acting alone or in concert, whether by purchase, tender or exchange offer, through the acquisition of control of another person, by joining a partnership, limited partnership, syndicate or other group, or through swap or hedging transactions or otherwise, any securities of the Company or any rights decoupled from the underlying securities of the Company that would result in **RC Ventures (together with its Affiliates and Associates) owning, controlling or otherwise having any beneficial ownership interest in or aggregate economic exposure of more than 19.9% of the outstanding shares** of Common Stock; provided, however, that RC Ventures agrees that, immediately upon RC Ventures (together with its Affiliates and Associates) acquiring beneficial ownership, or becoming the beneficial owner, of 20.0% or more of the outstanding shares of Common Stock without prior Board approval, (A) RC Ventures (together with its Affiliates and Associates, as applicable) shall be considered an “interested stockholder” of the Company as defined in Delaware General Corporation Law § 203 (“DGCL 203”) (but, for this purpose, replacing 15% in such definition with 20.0%) as if the 203 Approval referred to in Section 3 had not been granted and (B) the Company shall be subject to the restrictions on any business combination (as defined in DGCL 203) with RC Ventures (together with its Affiliates and Associates, as applicable) as an “interested stockholder” enumerated in DGCL 203 for a period of three years following such time RC Ventures (together with its Affiliates and Associates) came to beneficially own 20.0% or more of the outstanding shares of Common Stock; + +# ******************************************[Naked Shorts Can't Stay Naked Forever](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +Knight Capital was Market Maker (Sound familiar): + +&#x200B; + +https://preview.redd.it/vub7ik7gm3271.png?width=692&format=png&auto=webp&s=85fdeb561ca51c4afb0682d3194c74c0b11f9419 + +&#x200B; + +https://preview.redd.it/br71fwhmm3271.png?width=703&format=png&auto=webp&s=27767aca67fb72b2f6f1c7e22b26a46173b4384e + +&#x200B; + +&#x200B; + +https://preview.redd.it/kb7gc4sum3271.png?width=691&format=png&auto=webp&s=269820c1b1bd2a5c355ce17b8d112439b4a9ed73 + +&#x200B; + +https://preview.redd.it/slus6koxm3271.png?width=726&format=png&auto=webp&s=d7263674efeb621fe69e373636cbe73ef6e1280e + +&#x200B; + +https://preview.redd.it/ru824im6n3271.png?width=501&format=png&auto=webp&s=32c89441a1712f266f67d87f5e11d934df26883d + +&#x200B; + +**TLDR:** A Market Maker can bury their Naked Shorts even if the CUSIP changes but it will show up on their balance sheet as an ever-ballooning obligation. Financial regulators SHOULD be able to note this and 'hopefully' they will do their jobs. + +Any short that IS NOT a Market Maker can not escape the cussip change if their short is naked. + +# Normal Reverse Mergers result in GREAT GAINS + +[With GME we may see the greatest Reverse Merger gains in history](https://preview.redd.it/d5oo7x6qn3271.png?width=794&format=png&auto=webp&s=c174ae58c0d2c5e326bcb2d8168eb0deb4a766c6) + +&#x200B; + +&#x200B; + +[Comparison of SPAC returns to Shells, note this article is very old \(2009\) but it still demonstrates how much of a positive catalyst Reverse Mergers can be](https://preview.redd.it/09an7rvwn3271.png?width=779&format=png&auto=webp&s=1a81ed8a9e93a5fbb0a98d98acf431a33652e87c) + +Source:[https://greenbackd.com/2009/10/07/shell-out-for-shells/](https://greenbackd.com/2009/10/07/shell-out-for-shells/) + +&#x200B; + +**EDIT: How are your options affected by a corporate action:** + +**Since people are asking...**[https://www.schwab.com/public/file/P-3951800/INF57995\_114923.pdf](https://www.schwab.com/public/file/P-3951800/INF57995_114923.pdf) + +&#x200B; + +https://preview.redd.it/nmb9pvle06271.png?width=748&format=png&auto=webp&s=9cedb59564a3e8cc71ea826e29589da7805d58ed + +**EDIT 2: eToro and Stock Merger:** + +**Since people are asking...**[https://www.etoro.com/customer-service/help/1561213922/what-happens-if-my-stock-is-affected-by-a-corporate-event-such-as-a-delisting-or-merger/](https://www.etoro.com/customer-service/help/1561213922/what-happens-if-my-stock-is-affected-by-a-corporate-event-such-as-a-delisting-or-merger/) + +&#x200B; + +>Seems like eToro will sell at merger price: + +"*If you hold stock positions in a company that is acquired as part of a merger:* + +>All open positions will be closed at the merger deal price, and any profit or loss incurred from these trades will be reflected in your Available balance. +> +>In cases where the value of the new stock is greater than the original stock, you will receive the notional amount of the acquisition terms, based on the difference between the last rate traded before the original stock's delisting and the value of the new stock. This amount will appear as a dividend in your account statement." + +But what is happening here is a reverse merger... so I am totally unclear how this broker would take care of this instance. + +In a normal merger the target company gets acquired for a set price, so this explanation above makes sense. But we are looking at a reverse merger and I could not find anything on eToro about it. + +&#x200B; + +**\*\*TLDR:\*\*** + +A Reverse Merger is the only real MOASS Catalyst which is best for EVERYONE (except any naked shorter). The DTCC rules protect the bad actors from the good but these rules will not themselves trigger any short covering, Gamestop et al MUST be the catalyst. + +Only Market Makers can escape covering on a CUSIP change by burying their naked short obligations in their balance sheet as "Sold by not yet purchased" liabilities. Financial regulators/auditors should notice this ballooning liability and do something about it. + +Of course any hedge funds which are not market makers can not escape covering their naked shorts. Game theory suggests that any hedge fund which has a chance of surviving covering a small GME short position will do so at first opportunity. + +Legitimate shorts will also seek to cover as stock performance after a Reverse Merger is almost always quite dramatically positive. They may choose to re-enter at a later date/price. + +Reverse Mergers are also not controversial and completely OK with the SEC while a crypto dividend may open Gamestop up to litigation. It also does not allow Ryan to accumulate more of Gamestop at pre-moass prices, so a reverse merger is the golden bullet. + +**If we are right you are about to see the greatest return on your shares in financial history** + +Remember... + +10 x gains are boring and happen all the time + +100 x gains are great + +1000 x gains are history (This is DFV at today's prices) + +10,000 x gains have happened for early investors in big companies and in digital tokens + +It is not wrong to imagine yourself so lucky to be at the center of the greatest MOASS ever conceived. + +Remember Gamestop is transforming into a digital ecosystem for developers, publishers, content creators, players with it's own NFT and digital currency that will support ownership. We're ever living in a more and more digital world and digital game assets are a win for the developers, the studios, the content creators, the players and collectors... and the platform that facilitates this. Gamecoin will be a game changer. We are at an iPod moment. Remember to buy back in and support this legendary turn around with our hero at the helm. + +**Step 1:** Reverse Merger, RC gets more control and his stake doubles at pre-MOASS prices + +**Step 2:** Issue crypto dividend and blow up the Last Standing Market Makers + +**Step 3:** Profit??? + +EDIT MAY 31st, 2021:**STRATEGY THEORY UPDATE**After some good DD, and some bad, it seems it is inconclusive that a CUSIP change will require Naked Shorts to be covered or resolved (Thanks Dr T et al). + +This does mean that **STEP 2 will likely be very necessary to force them to cover (Crypto Dividend)** however many may begin covering if they even suspect it is coming- so an announcement of Gamecoin could still spark similar price action. + +A merger with RC Ventures is still the best vehicle for Ryan Chohen to acquire more equity in Gamestop AND pump Gamestop with more Cash. Mechanism is RC Ventures is basically a shell investment vehicle loaded with cash and Game would acquire them for equity. In this updated theory GME ticker would stay around since Gamestop is the acquirer, if indeed the change does not solve the problem. This also might be beneficial for some GME holders in eToro etc who were confusing people with their merger procedure. + +Now remember that a merger of this type would bring more cash to Gamestop and naturally the value of GME would go up. It would also be bullish as fuck if RC doubled down again and bought more Gamestop at current prices (which would be the terms of that merger). So you can still imagine it's possible this in itself may cause a rush to cover and the MOASS could begin. I still do not know what it would take for Citidel to get margin called by their brokers but I suppose this could still be a mechanism for MOASS, however I think they may be able to buy sufficient time, maybe naked short more, and a crypto-dividend is the only way. + +Remember: **We are in a completely fraudulent system! It must be remade!** + +&#x200B; +https://finance.yahoo.com/news/realty-income-o-rent-collections-135801882.html + +Figured I'd share, since a lot of people are holding O. + +--- + +As of Oct 1, contractual rent receipts across Realty Income’s total portfolio improved to 93.8% for September from 93.6% for August, 92.5% for July and 88.3% for the second quarter. Rent collections from its investment-grade rated tenants, which account for 48% of the annualized rental revenues, were already 100% for September, compared with August’s 99.9%. This compares with 100% for July and 99.4% for the second quarter. +57% of tech executives responding to CNBC’s Technology Executive Council survey said finding qualified employees is the biggest concern for their company right now. + +Qualified tech employees is the biggest concern for the companies right now. I do experience the same at work - there is no good people at all. + +Do you think that would cause any growth concerns for the tech industry? If yes - who's going to sufferer the most. Do you account for that in your investment portfolio? +I have been seeing a lot of posts about this topic with misinformed opinions. I wanted to contribute my thoughts to help those who are wanting to get into the market but are concerned. + +I’m not looking to argue endlessly esp if you have no experience in property. + +Everyone loves to follow the big headlines and freak out about rise in interest rates. If you believe that that please do some research as to why property prices have gone up the way they did in the last 2 years. It wasn’t only low interest rates. It was a multitude of factors. + +Here’s a few things to think about before saying housing market will crash: + +-currently there’s a severe shortage of supply of new builds. Material cost has gone up insanely higher than before. + +-80% of the buying that lead to this boom was done by owner occupiers… I repeat owner occupiers. There’s only been one other boom lead by owner occupiers and pieces held up after that. This is the second one and the same will happen. This is because owner occupiers aren’t looking at selling anytime soon even if interest rates rise. + +-floor assessment rates. Everyone who applies for a loan gets assessed at 3 bases points higher than the rates they’re charged. Banks assessments are super strict and they’re not lending money to everyone. That’s why people who can’t buy are posting about a incoming crash + +-rents are increasing and will continue to do so. For the few investors who have bought at the higher prices they will get more rent and can still service the higher rates. + +-incoming immigration. Again another supply and demand factor that everyone is ignoring. We havnt taken on any immigrants in the last 2 years. Once the borders open.. demand will be astronomical. + +So please stop following the headlines blindly without doing your own research. Back in 2020 all the same experts predicted a 30% crash but we all know what happened after. If you’re sitting on the side lines and waiting to jump into the market.. do it.. don’t wait you’ll just be missing out on growth. There are markets within markets so do your own research. +Good luck to every one. + [https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme](https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme) + +Eight men who used social media platforms to promote stocks they owned were charged by federal prosecutors with engaging in a $144 million “pump and dump” scheme. + +Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ\_Matlock,” were among the defendants charged in an indictment unsealed Tuesday in federal court in Houston. + +Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on the Discord social media platform. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and Exchange Commission, which sued the eight men yesterday. Matlock has 340,000. + +The shares they hyped were in little-known companies including [GTT Communications Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/GTTNQ:US), [Surface Oncology Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/SURF:US) and [Universe Pharmaceuticals Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/UPC:US), according to the indictment. + +Also charged were Thomas Cooperman (“Tommy Coops”) Gary Deel (“Mystic Mac”), Mitchell Hennessey (“Hugh Henne”) Stefan Hrvatin (“LadeBackk”), Daniel Knight (“Deity of Dips”) and John Rybarczyk (“Ultra Calls, “The Stock Sniper”). + +The case is US v. Constantinescu, 22-cr-00612, US District Court, Southern District of Texas (Houston). +I’m curious what your thoughts are for Simon Property Group. It’s personally one of my largest holdings that I bought into in July/August. + +I know many people believe “the malls are dead”, but I don’t see that being the case for Simon Property Group. They own premier real estate with a dividend that has been amazing over the past 10-15 years. The only dividend cut that was significant was when Covid hit the US and it wasn’t even necessary on their end. However, it paved the way for them to acquire undervalued companies that will increase their profit margin over the long term. + +I’m personally very high on their growth potential (for the stock price as well as dividend growth) in the next 2-3 years. I would love some healthy discussion with you all on your opinions. All thoughts welcome! + +Thanks in advance and happy stock picking :) +Okay Apes, The DD has been done, The DD has been consumed by apes and there has been no rebuttal to the facts of our DD anywhere. There is new stuff coming out but by now we all should know that it is inevitable. **The MOASS could happen any day now.** There are a lot of possible catalysts approaching fast that each on their own could launch us to Andromeda. + +&#x200B; + +Let's face it. **The decisions you make during the squeeze are going to be some of the biggest and most important of your whole life.** I hope that this post will help some apes prepare to be in a good frame of mind, and in as good physical and mental shape possible in the time we have left. So that as many of us as possible can be in the right shape to make the right decisions for ourselves and all Apekind. + +&#x200B; + +The bottom line is that your preparation before and health and wellbeing at the time of the squeeze will have an impact on your decision making and ability to think accurately. I believe you’re letting yourself down to not prepare and to not look after yourself and be good for the squeeze before, during and after. + +&#x200B; + +This is not financial advice. I'm just an ape trying to share some of what I know that I believe is of value to other apes and give back to this amazing community. I’ve learnt so much on this journey with you Apes and already changed my life for the better regardless of the squeeze. + +&#x200B; + +I’ve always been interested in maximising health and wellbeing and physical/mental performance/self improvement but 5 years ago I developed a long term illness and became obsessed with this stuff. I've now done a tonne of research and experimentation in the last 5 years and found some things that really work and am now in an amazing place in life. + +&#x200B; + +I’m going to split this into 3 sections, one each for preparing and nourishing your mind, body and soul for the MOASS. All of these intertwine to create a truly healthy person inside and out and if one of these areas suffers, sooner or later the others will suffer too because of it. + +&#x200B; + +**Preparing the Mind** + +Prepare and read as much exit strategy DD as possible until you feel confident in what you need to do come the squeeze. Have an exit strategy in mind, this post is not for going into exact exit strategy DD in terms of peaks and dips and price points, others have and will cover that better than I would be able. In short, don’t sell on the way up or before you’re sure it has peaked, it's better to sell on the way down and almost guarantees more profits overall as well as a higher peak if enough apes do it. + +&#x200B; + +This DD is about giving you some practical strategies so you will be prepared to stay calm as the rocket launches and be ready to welcome the 7, 8 and 9 digit numbers like old friends. Do not be scared of the big numbers, they are your destiny. Calm = better decision making = more tendies for all the apes. + +&#x200B; + +Visualisation + +&#x200B; + +“It is now a well-known fact that we stimulate the same brain regions when we visualize an action and when we actually perform that same action. For example, when you visualize lifting your right hand, it stimulates the same part of the brain that is activated when you actually lift your right hand.” + +&#x200B; + +Visualisation and mental rehearsal are the real deal, when not practising physically professional athletes visualise plays and certain movements they perform during play nonstop. This is proven to help performance and increase the CONFIDENCE of being able to execute at a high percentage. + +&#x200B; + +I’ve personally used this in my own amateur sport career to great effect and in other areas of life like business and the gym too. + +&#x200B; + +How I propose this can be used for the MOASS prep and what I have been personally doing: + +&#x200B; + +Close your eyes and imagine yourself in as much detail as you can logging into your broker during the squeeze and seeing certain numbers for GME maybe 10k, 100k, and up to 1m, 10m, 100m. Visualise yourself sitting there viewing the ticker and holding, getting up and coming back to your computer and still holding easily for as long as it takes until your floor. + +Imagine the price dipping and then soaring back up a few times until the peak and then selling one by one on the way down. Visualise and mentally rehearse you pulling off your exit strategy flawlessly. + +Do this once a day and I promise you will be more confident during the MOASS and more likely to achieve your exit strategy goals. + +&#x200B; + +Practising mindfulness + +&#x200B; + +“According to neuroscience research, **mindfulness** practices dampen activity in our amygdala and increase the connections between the amygdala and prefrontal cortex. Both of these parts of the brain help us to be less reactive to stressors and to recover better from stress when we experience it” + +The benefits of mindfulness and meditation are countless and the science is now irrefutable. Practising mindfulness through meditation is in my opinion the number one best thing you can do for your mind to keep it working well and be more at peace with the world. I’ve now meditated everyday for almost 4 years and am able to deal with stressors relatively easily. It's hard to put into words how powerful a meditation practise is. There is a reason such a high percentage of the most successful people have a daily meditation practise. + +&#x200B; + +My favourite meditation quote: + +“Your mind is the basis of everything that you experience and of every contribution you make to the lives of others. Given this fact, it makes sense to train it.” -- Sam Harris + +&#x200B; + +Practise 10 minutes a day to start if that is all you can manage. I would highly recommend trying out some longer duration guided meditations too, the longer the meditation the more beneficial effects you will witness in my experience. + +I find it a lot easier and better lying down when I meditate without having to worry about posture especially if you’re a beginner. + +I recommend the insight timer app for free guided meditations perfect for beginners and experienced alike. Pick a highly rated one, block out some time to chill and work on yourself and trust the instructor and go with it. Remember it is meditation practise not meditation perfect, don’t expect to be a master straight away, be kind and encouraging to yourself for doing something positive. + +The goal is not to have zero thoughts. The goal is to be the witness to your thoughts and observe without engaging in them. + +Once you start to see benefits and enjoy the practise it becomes a true joy. + +If you’re feeling stressed, anxious or overwhelmed during the MOASS or at any point in daily life chucking on a good guided meditation is a surefire way to snap out of that state and gain some clarity as to what is happening and how best to move forward. + +Do this and your MOASS experience will work out better than if you don’t, I’m fairly certain of that. + +&#x200B; + +Be discerning with where and how you spend your mental energy. + +&#x200B; + +Social media is designed by some of the brightest minds of our time to keep you scrolling, to keep you clicking and to keep you getting those tasty dopamine hits. To suck as much of your time and attention per day as possible into their app. With GME this is even more powerful with the delicious hits of confirmation bias that we can deliver to ourselves so easily. + +There is such a thing as too much though and when you’ve already done enough reading and DD and upvoting and Apeing for the day or the week you need to be able to realise that you’ve come to that point and take the power back. Put your phone down and switch off from all of this. You don’t want reddit (or Facebook or IG, youtube etc.) to be taking up too large of a percentage of your day to where you are neglecting other important things in your life, depriving yourself of sleep and healthy living habits etc. It is very easy to do because of how powerful and addictive these technologies are but being aware of it is the first step to taking back control if you think you have an issue with this. + +I personally think it is an unfair fight for us against this addictive technology and the might of the tech giants. I enlist the help of app blockers on my phone and PC to limit my use of certain social media apps and websites. I would definitely recommend at least having them on at night so you can’t stay up too late in the internet wormhole and badly affect your sleep. + +You wouldn’t want the MOASS to start and for you to be tired and dopey from mindlessly scrolling social media all night the night(s) before. You want to be awake, well rested and alert and confident in your ability to execute when you need to during the MOASS. + +**Preparing the Body** + +I’m sure most of you intellectually know the basics of what I’m going to say now but seriously if you don’t have some of these healthy habits in your life already what better time is there to start than now? What better reason to look after yourself so you can perform during and after the MOASS. + +Exercise + +Make sure you’re getting some form of exercise everyday. We will all be at different levels of fitness and know-how but anything is better than nothing. I know during covid it's tough for some but even just getting out in the fresh air once a day and going for a leisurely walk will be very beneficial for mind, body and soul. Don’t jump straight into intensely working out if you’ve been doing nothing, that could potentially have you exhausted come the MOASS which is the opposite of what we want. The goal is to just not be completely sedentary and to be in a better place mentally and physically than you are now even if its just a few steps in the right direction. + +Sunlight + +Getting some sunlight on your skin is such an underrated and overlooked aspect of health these days. We all spend so much time inside on our devices. + +Make an effort to get at least 20-30 minutes of sunlight a day if possible, ideally with your shirt off so you can absorb more of that delicious vitamin D. Vitamin D is responsible for the proper function of an amazing amount of mechanisms inside our bodies and so many of us are deficient. + +This will also have the added benefit of balancing your circadian rhythm and allowing you to sleep better. + +If it's not sunny where you are, get a vitamin D supplement and start taking it. + +Getting outside and in nature and the fresh air even for a short while during the day even if its not sunny where you are will still benefit you. + +Nutrition + +I’m not going to get too deep into this as some people get so attached to their diet and ideologies surrounding food. + +Just make an effort to eat better than you have been, nearly all of us have some room for improvement in our diets. Focus on whole foods that are nutrient dense as far as your budget allows and try to stay away from the shit we all know is not good for you, the heavily processed fatty, carby, sugary shit. Don’t overeat, eat to satiation and stop. + +I believe so many modern health problems are caused by humans having an unnatural relationship with food today. We have changed from treating food primarily as a fuel for our bodies and minds to now using it more as a tool to make ourselves feel good for short bursts when we are eating it. Putting the importance of taste far above that of real nutrition and not giving ourselves the building blocks we need to perform to our best. + +Treat more of your meals primarily as fuel and your health and relationship with food will improve. + +Sleep + +Being well rested and getting your sleep is one of the major keys to being at your best. For some it is not easy and it took me a long time to improve my sleep habits from being terrible to now being able to consistently get 7-8 good hours a night and go to bed at a decent time. + +Here are some basic tips that make all the difference - try to get to sleep before 10PM, hours of sleep before midnight are worth more than the hours of sleep after midnight according to a lot of people and I have found this to be the case in my experience. + +Limit your phone and exposure to blue light before bed, ideally have your phone in another room at night so you aren’t tempted by it and make a commitment to not use your phone for an hour before bed so you can switch off. Create a night time and bedtime routine and stick to it. + +If you have trouble getting to sleep try one or all of these - a yoga nidra guided meditation, magnesium L-threonate or a good quality melatonin supplement. I’m also a fan of CBD as well. + +Doing the other things in this post particularly the sunlight, meditation and exercise should also help you sleep better and more easily. + +&#x200B; + +**Nourishing the Soul** + +if you’re some cyborg that doesn’t agree we all have a soul skip this section lol. + +Enjoy yourself and switch off from this whole GME saga for a while each day. Do what you love, spend quality time with your loved ones, your friends, play with your pets, watch your favourite shows, engage in your hobbies, get out in nature. Do the things that keep you out of your head and bring you into the present moment and recharge and nourish yourself. + +&#x200B; + +Gratitude + +Practising gratitude is very powerful, with research in recent years finding that it has emotional, social, personality, career and health benefits. + +This is a good article that lays this out in detail. [https://positivepsychology.com/benefits-gratitude-research-questions/](https://positivepsychology.com/benefits-gratitude-research-questions/) + +Besides the basic things we all have in life to be grateful for, stop and think about how lucky we are to be in this position. Realise how fortunate we are to be given this incredible opportunity. This is massive. **Out of 7 billion+ people we are part of the few million or so that know about the MOASS and are in a position to change our lives and the history of the world while fucking some greedy hedgies and making ourselves rich in the process.** + +Make no mistake this saga will go down in history and we were the ones lucky enough to be there before it all kicked off and in just the right place to benefit from it. This is truly a one of a kind history making phenomenon and we are here all together on the brink, Ape with Ape doing something so special it is hard to fathom. + +We are going to look back at this as some of the best times of our lives I’m sure of it, **be thankful.** + +&#x200B; + +**And finally lets fucking enjoy this shit!** + +&#x200B; + +This kind of goes along with gratitude but lets fucking enjoy this shit! Being jacked to the fucking tits is fun as fuck and should be a daily occurence. Watch some hype videos and fist pump, dance do whatever, read your favourite bias confirming DDs and get fucking JACKED to the tits with your fellow apes. There is a time for serious DD and a time for laughing and being filled with joy and excitement about this coming MOASS. + +**This is a once in a millenia occurrence and we are part of it, lets fucking enjoy it and lets get fucking JACKED to the tits!** + +Hopefully this post can convince some of you that preparing for the MOASS in these ways is the smart play both for yourselves and Apekind. + +Good luck during the MOASS fellow apes and may we all blast off to the andromeda galaxy and return with mind boggling amounts of tendies and more stories for our grandkids. + +**APESTRONG** + +TL:DR The MOASS is close and could happen any day now. Prepare by looking after yourself so that you are in the best mental and physical condition possible to successfully execute your exit strategy and make the most of it for yourself and all Apekind. Do this by nourishing your body, mind and soul. + + +**EDIT**: I made this post and went straight to bed (Aussie Ape here). I wasn't expecting too much from this so waking up to such an amazing response from all you apes has been incredibly heartwarming and encouraging for me. This is the kind of stuff I would like to do post MOASS so thank you for your appreciation fellow Apes it means a lot. I am truly grateful to be part of this community. +As I'm sure many of you guys know, the buffet indicator takes the total market cap of U.S. stocks and divides it by the U.S.'s GDP. this ratio is usually around 50-100%. However, currently, it's showing as over 200%. With the only other times, the ratio being even close to this high being in 2008 and 2000. Should we be worried about a huge drop here soon with the market being so overvalued? +I was terminated from my 3 year gig without any warning 3 months prior to COVID-19 epidemic and claimed unemployment. Got paid for 2 weeks and then received a notice that I owe a fine and that my unemployment was denied after interview. I had a $1500 fine levied against me by the state. + +I appealed and prior to my hearing, my ex-boss reached out and gave all her reasons for not paying the unemployment, but when I gave her a good rebuttal for all her BS and all the reasons they violated my rights (like smoking inside offices, working 6 hours without taking lunch), she offered to pay me the owed unemployment if the claim is dropped, however it doesn't cover my whole 5 weeks owed and the $1500 fine, therefore I will end up losing about 1/2 of the reimbursement. + +Should I take the money and pay fine and get some leftovers or pursue my case and take the chance of win/lose. +Hey everyone, + +I live in Spain and have managed to save €12K over the last two years. Right now, it’s sitting in my current account but I want to start investing. + +Thing is, I’ve no idea which platform to use. + +Any advice? + +I currently have a few hundred invested in individual stocks with Revolut (was just messing around). +I've seen a lot of posts complaining about how r/cryptocurrency only shills stagnant coins that have already pumped. And coins like SHIB, LRC, KDA, and SOL are never mentioned until after they explode. + +This is entirely by design. Your exposure to posts on reddit is a function of how many upvotes those posts have received. And the more bagholders a particular coin has, the more upvotes. Which is why the front page is a billboard for ADA, ETH, ALGO, VET, and a handful of others. By definition, the coins you repeatedly see here already have large numbers of holders. You don't get rich buying something that everyone else already owns. Hence why projects start to stagnate when they become popular. Popularity on r/cryptocurrency is actually a great indicator for when growth can be expected to taper. Cardano is perhaps a prime example. + +By contrast, posts about undiscovered projects will almost universally be buried. There may well have been a post shilling SOL at $1 or SHIB in 2020, but they never would have made it past the last page. +I got an eye checkup and a new prescription 2 years ago. Insurance covered the cost of the appointment and I used my FSA to pay for the copay. The copay was $10. + + +3 months later I got a bill for the copay. I learn from the receptionist that their computers were “offline” the month of my appointment and the payment never went through. Well now I’ve switched jobs at this point and no longer have access to the FSA account I used to pay the bill. On principle I don’t want to pay them again so I try to contact the billing department to discuss the situation. Fast forward 2 years later, I still get a bill every 3 months and the billing department will not return my emails or calls. + + +Is a copay something that could be sent to collections and screw up my credit? If not, then I don’t have to stress when mail forwarding stops (I’ve moved) and never see the bill again. How does one dispute a bill if you can’t contact the billing department anyways? + + +EDIT: typical, “I didn’t expect this to blow up”. Big picture, life has been throwing punch after punch to most of us the last 4 years (and some much much longer). It’s tougher and tougher to get ahead and any win feels like progress against the uphill battle. Hopefully this relates and resonates with people in the comments. Is this worth getting another win? +My wife agrees with the majority here: I should just pay the $10 and drop this negativity from my life for good. If it ever does come back, I’ll have kept the payment documentation this time. Interesting information in this thread regarding healthcare bills and credit reports (and the reality of things not always obeying the law) as well as stories of what thresholds make it beneficial for businesses and agencies to go after debt. +I'm 19, and got lost in all this recent hype, losing £3400 isn't fun, but I've learnt my lesson and know how dumb I was. + +Staying well away from it all for a while to build and recover. + +You learn the hard way some times. + + Edit: Not GME but another overvalued share +I used to surf the darkweb in highschool where I learned about the silk road, and in turn learned about bitcoin. + +I bought $50 worth at roughly $3 bucks a pop. Almost 17 coins worth around $600,000 today. + +I sold them all for $100 to buy modern warfare 3 and some snacks with some left over for candy. + +Now don't get me wrong, the mountain dew voltage and dorito fueled madness of MW3 multiplayer was fun, but I don't know if it was half a million dollars worth of fun. + +Just imagine how many double XP boosters I could've bought with the money? :( +Firstly, I am not an American nor do I live in the US. I am a South Asian living in Europe as an immigrant. I thought I had it hard but I see this sub and it really changed my view of the Americans. I really feel the stress you guys are going through and I hope this will give you some kind of ideas or hope or help in any way. + +Again, since I don't live in the US, maybe some of these won't apply to your situation. But it may give you ideas for other countries. Most of what I will write was what I did to escape my poverty. + +If you want to leave the US and don't have family/dependants or any family attachments BUT moving will be costly - choose one of the lower expenses European Countries. For me, it was Estonia because of the less rigid visa process, I could afford the tuition and the costs (I worked 2 years to save those expenses). There was still an 80% chance of visa rejection because of my passport but I took the risk and it worked. Luckily, I also got a full tuition waiver to study. Please, look into the Baltics Or central Europe first because it may be easier. + +If you don't want to leave the US then I am sure you have done everything in your power to live every day. You have subbed everywhere and read up everything so there is nothing for me to add. You have done everything. I can only give you ideas based on what I know. + +A lot of online work seems so scammy and plainly exploits people and some are not even worth it to spend effort and time on. Appen and other shitty websites waste valuable time which you could be using to do something else. Some do get it, but most people's times are wasted on tests and shit. So I will not be repeating it. + +**If you are looking for Remote work, please do check out online jobs in Estonia which allow remote work and these are not freelance. They are salary based full-time work. Most jobs are on IT, Marketing, SEO, Sales and Social media advertising. Please try Glassdoor, Workinestonia.com, jobs advertised on FB and of course, LI. Employers are more responsive there, in my experience.** + +If you want to establish your business online, look into Estonian's E-residency, please. + +Also, cold email to smaller companies because I promise you, Baltic companies prefer Americans over people like me. https://startupestonia.ee/startup-database where you will find the list of companies. I got all of my jobs in Estonia by cold emailing. + +And please, give it time. My first job took 6 months to get and from then on, the time only shortened. Again, some of these may not apply to your situation but it may give you ideas on how to proceed. This is especially important for those who are frustrated and can't see a clearer path. Stress can cloud decision-making process and trust me, I know. + +Ask anything and I will try my best to answer. I will also list some websites for actual work - not shitty stuff like Appen (time-wasting POS). And here it is - https://docs.google.com/document/d/1apnbeEVc4jy-Et1s-S8ucB9jb6IvjqXKp2y393_bz1w/edit#heading=h.vz9wfcfqxck (This is not a magic list. The list is what I did and from where I got most responses, so feel free to use however you want.) + +Take advantage of your local Credit Unions! US actually gave me the idea to seek out one in Estonia (although I didn't find an exact CU, I did find something similar). + +This is for ladies, especially WOC. I found this and hopefully this group will help. They have good information and they will even offer help if you ask. Please try the. - https://www.facebook.com/groups/240248300402711/?ref=share + +And for the love of god! Do NOT join any MLMs! +EDIT: Wow, this got *way* more attention than I expected it to. To everyone who has congratulated us, sincerely, thank you. But there's been a good bit of negativity because, and I recognize this, the home we're buying is unique and has unique costs. We wanted an older home and we knew that there would be unexpected expenses going into this, which we prepared for. This is also part of why we went with a lower down payment; so that we had more money left over for required maintenance. + +I think that [this comment](https://www.reddit.com/r/personalfinance/comments/po7d9z/buying_a_house_costs_more_than_just_a_down_payment/hcvfylq/) really got to the heart of what I wanted to express so I wanted to feature it here: + +> Looks like people are picking the story apart. They're missing the point. The cost of purchasing a house is a lot higher than just the down payment and there's a lot of unexpected things that can come up. It doesn't matter if your brother is a roofer or you have a friend who is a building inspector etc etc. There will always be things that your insurance, your hoa, or your survival require getting fixed. + +For everyone who paid 1.2k down for their VA / FHA loan and has had absolutely no maintenance issues, there's someone who put 20% down to buy a newish home and had to eat $20k in unexpected repairs within the first 3 months. Basically...buying a house *can easily* cost more than just your down payment, and you should be prepared for it to, and be pleasantly surprised when it doesn't. + +---- + + +I'm sure most of this is known to many here, but my wife and I are about to close on our first house and I thought I would write up some of the process and costs here (mostly to solidify it in my head, tbh). + +We offered 305K on an asking price of 299K on a home in a small rural village in Vermont. + +Initial deposit / earnest money - $2000 (goes towards closing) + +Upon our offer being accepted, we needed to put down a deposit to show we had "skin in the game"; basically to keep us honest. It would have been refundable if we pulled out of the sale for a "valid" reason, which included things like failure to obtain funding / homeowner's insurance, or just finding the house wasn't to our liking after getting inspectors in. This deposit ultimately went towards closing costs. + +Buyer’s Inspection - ~~$1200~~ $906 + +We bought an old house (built 1870) so there was no chance of us waiving the inspection / contingency period. We basically had two weeks to get a bunch of people in to look at the place and tell us all of the awful maintenance nightmares waiting for us in the home. Fortunately, ours was pretty good. They built them pretty solid back then. + +The home’s water comes from a private well, and we wanted to test it for contaminants before we agreed. We also suspected lead paint on the home’s exterior so we wanted to make sure if there was lead, it wasn’t leaching into the water. + +EDIT: So many people were yelling at me about the inspection I looked back and realized three things: + + - I had the initial amount wrong; I was charged $1106, not $1200. + - The inspection also included the well water test (plus an inspection of the well / wellhouse and the attached 1200 sq ft barn), I listed it here separately + - They based the inspection cost on google imagery which included a standing structure which was no longer there and charged me an extra $200 for that. When we got there and he realized they charged me for a structure which wasn't there, they refunded that. + +So the actual cost here was + +Inspection - $781 + +Well Water Test - $125 + + +Septic Inspection - $450 + +We had a dedicated septic inspector come over to take a look, because the septic is old (from the mid ‘80s) and in a weird spot, with a couple of large trees nearby. We wanted to make sure it was in working order and that it would be replaceable and that it wasn’t damaged by tree roots. + +Lead Paint Test - $400 + +We also had a painter come by to check to see if the exterior paint is lead-based. We probably could have done this ourselves but he took multiple samples and I trust his results - seemed worth it for something which could be serious. + +Total cost to this point - $4175 + +At this point, we’d spent over 2k on inspectors, and a LOT of time communicating with and coordinating their visits with the seller, plus agonizing a bit over the results of the inspections. Don’t count this out - it was several days worth of time overall where I struggled to focus on anything else. This is mostly money which would have been lost if at this point we decided to pull out. (if we weren’t able to afford / didn’t want to do the needed repairs which were brought to light by the inspections, then you could also consider this money spent as a small up front cost to keep our money later on.) + +Anyway, we decided to go ahead with it because we love the house and have the time and money to spend working on it, and it seemed worth it because we plan to live there for at least 20 years. We are both 30. + +Homeowner’s Insurance - $1400/yr (first year up front at closing) + +The next item was homeowner’s insurance. I contacted an agent and got some *really* good quotes (~$700 /yr). Then they went to go see the place and went running. The home has an attached barn and the roof is a bit rusty; they wouldn’t insure it unless + + - We could get in a contractor to give us an assessment on it; whether it needs to be replaced or just some paint + - The assessment suggested all it needed was paint + - We could get the paint done before the winter + +Right now roofing contractors in our area are SWAMPED. I called three different ones and none of them could even get to us to give us an assessment in time for closing. So, we backtracked a bit and contacted the agent currently insuring the home. She was able to help us, but the insurance costs twice as much as before ($1400) and they also stipulated that the barn roof be painted (just painted, though) and that the home’s exterior itself be painted in the first year of residence. + +Homeowner’s came down to the wire; I started just after we got our initial disclosures and it wasn’t until just before labor day that I got this hammered out. Don’t put this off. + +Barn Roof Paint - $4800 + +So, cue up the painters. I got three quotes and went with the middle one to repaint. Plus, he just seemed like a nice guy. I live in a rural area which doesn't have a lot of shysters so I’m apt to go with my gut on people. + +Exterior paint - ~$10,000 + +I haven’t gotten any official quotes yet. I’m going to get one from the guy painting the barn roof and a couple more after that, but he gave me an “estimate” and he ballparked around 10k. + +Closing costs: $13,683 + +Down Payment: $9,150 (yes yes, very low, I know.) + +Cash to Close: $22,833 + + +Closing costs include 1/yr payment of insurance premium up front, taxes, title lawyer, yadda yadda. Even with a very low down payment, we still owe more than double that up front to pay for closing, and that’s once again not including the inspections and the requirements from our homeowners. In total, our full cost to get to this point in the process is + +Total Cost - $27,008 + +Total Cost including currently known required work - $41,808 + +There's some other work in our peripherals; the kitchen sink needs replacing, the bathroom floor needs replacing as well, and some other smaller things, which we estimate will add another 5-7k of cost. I suspect that in the long run, the sky's the limit in terms of cost. ;) + +And this isn’t even including incidental things like: + + - Buying new / more furniture for a larger space (we desperately need a new bed - $1500 alone) + - Buying a lawn mower / snow blower / snow rake / chainsaw / other tools + - heating oil costs (~3-4k a year where we live) + - paying for cleaners for our old apt (~$400) + - Renting a uhaul for a couple of days (~$250) + - Increased payment due to property tax re-assessment (rather high where we live) + - And any number of things I haven’t even thought of yet. + +Anyway, the whole point of this post is that many times in the past several years I’ve thought to myself, “hm, I have enough money for a down payment on a house! I should buy one!” and had I tried before we were in a more confident financial position, it definitely would have ended in tears and anxiety. + +I hope someone finds this ramble helpful! +[Link](http://www.bbc.com/news/technology-42425857) + +Isn't it an unregulated market? Wouldn't it just be considered fraud? This will be very interesting + +*Edit: Many seem unfamiliar with the situation and many comments are uninformed. Please do your own research before you come to conclusions and take internet comments from strangers with a grain of salt.* +UPDATE JULY 10: + +Link to find low float on benzinga: + + +https://pro.benzinga.com/blog/how-to-find-low-float-stocks/ + + +If you're interested in my stock and daily picks please look at my profile and below for my stocktwits account. I cant say I will post all of them but I'll do my best. + + + +Stocktwits.com/wolf_trading + +https://pro.benzinga.com?afmc=bp + + + + + +I've made a consistent 500 to 800 every couple days or so with relatively minimal risk. + +I see a lot of inexperienced traders chasing or going after stocks that have no direct catalysts or reason to move. + +The best way to make money safely is to get a high quality scanner like benzinga or something with a quick news feed. + +You must look for the float and immediately disregard anything over 10 to 15m shares. + There is variance based on the news though. + +Now that you have stocks in this size range of 1m to 15m float, your next factor is the current rise in price. + +I will not touch anything thats moved over 20%. I have lost out but in general, this is safe based on your risk assessment. + +Next is your position sizing. For me, I use 1000 flat on most low float stocks. Assuming they havent moved more than 20%, my maximal loss is around 200 dollars or so. + +Tonight I was able to net roughly 1132 in profits on an investment total of 2000 between BIGI and and INFI. + +INFI was an exception to my float rule only because the news was pretty big being a cancer patent. + + +My maximal loss on BIGI was around 250 dollars based on my buy price. My maximal loss on Infi was around 300 dollars. + + +So 550 or so total loss provided both completely tanked with a nearly unlimited upside based on the lower float/news. + +I also did this earlier with AIHS. Bought at 1.10 based on the average price being around 85 to 90 cents. + +On my 1000 investment here my maximal loss was 228 dollars assuming a complete tank to 85 cents. + +I took in a profit of roughly 600 dollars here by selling around 1.76. + + +So total profits for today of 600+ around 1100 from earlier for a grand total of 1700 and an absolute maximal loss of 878 dollars on a total investment of 3000 for the day which means the majority of my account is still unused. + + +I have found this method to be much more profitable long term than throwing giant numbers. A 20% hit on 10000 for instance is 2 grand, AND your money is locked up now and unsettled so unless you're very wealthy you cant trade for the next day and a half. + + + +I hope this helps people make some money. I've quit my job as of 3 months ago and have been working full time doing this and done pretty well. + +If anyone has any questions I would be happy to help. There is a definitive science here and it's not rocket ships. + + +Update: been getting a lot of messages. Going to sleep now, I'll try to reply to people. + +It's really important you dont hold these stocks guys. It's a trade. Look at the price action of AIHS today and you'll see exactly what I mean. Popped to 2, down to 1.26. The news was good but hardly "holy crap" worthy to justify a 130% jump + + + + Theres no DD involved because that applies to a hold. Mark my words tomorrow if there is anything low float and news of it, it will fly like mad. Just watch your scanner + +Update: + + +As of today july 9th, 7:57 AM the stock DSS spiked 72% on news of in vitro testing with its equivir, linebacker compounds. Float size 1.3m. + + +ADDED INFO: + +THIS METHOD MAINLY WORKS PREMARKET AND AFTER HOURS. + + +It can work regular trading hours but news isnt likely. + +NEWS TIMES ARE OFTEN 7, 7:30, 8, 8:30 AND 9. + +THE NEWS SCANNER IS ESSENTIAL. YOU NEED IT. + +this method requires a lot of machine level reading speed and information processing. + +However it works. You must practice it. I miss a lot but my misses usually mean like a 50 dollar loss or something tiny and I try again another day. + + +I only need a couple of these a month to make a normal livable salary, and I try at least 3 times a week. + +If you buy after hours and hold it wont count as a day trade too. + + +For reference today I bought AESE and it had a minor pop but it did pop. I also bought GRIL and it didnt move, so I just hold it to avoid it being a day trade. It won't drop because it didnt move beyond its support level. + + +YOU CAN HOLD THESE TO AVOID DAYTRADING IF IT HAS NOT MOVED IN DAYS OR IS A DUD. + +IF IT IS UP WITH VOLUME YOU MUST SELL + +You can then try again and again with your small amounts and relatively little chance of losing money. + + +Update 7/10 + +If you notice that PSV and WIMI both flew today. PSV was at the top of the after hours chart and it had a bounce and then a drop and was kept there for a while. Today it ran nearly 500%. This is the same pattern in POLA from a while ago, literally the exact same pattern of a drop and stagnation, afterhours trend to close and explode the next day. + +This is what I mean about trader psychology. Theres no DD required here, it's all about the pyramid scheme of it will go up because everyone wants it to go up. +I was just on the phone with Fidelity transferring some more shares to Computershare and I asked the lady if they're still getting a lot of these requests and she said, "It's actually slowed down significantly this week." + +If you're on the fence about Computershare, read the DD and don't delay! + +Edit: I love hearing the stories of everyone that's waiting for shares to move to another broker before DRSing. Gives me hope that this lull in DRS might have been caused by the bad brokers holding up the transfers. + +Edit 2: Any apes that are calling Fidelity for DRS transfers today, can you ask a similar question? Maybe the person I talked with was off the first three days of the week or something? +We covered 2019 and August 2020 through January 2021 in my last post: + +[The Crooks keep Cookin the Books (Volume 3)](https://www.reddit.com/r/Superstonk/comments/tdw59e/the_crooks_keep_cookin_like_nobody_is_lookin/) + +&#x200B; + +Previous volumes about previous fraud: + +[The Crooks keep Cookin the Books (Volume 2)](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +[The Crooks keep Cookin the Books (Volume 1)](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) + +**To recap:** + +* RC begins his initial buy in 8/13/2020 +* He buys over 6.2 million shares between 8/13 and 8/31/2020 +* He files his first 13D on 8/28 and then an amended version 8/31 +* This was the beginning of the OTC frenzy +* In August 2021, Robinhood submitted trades for August 2020 +* In December 2021, Drivewealth submitted trades for December 2020 + +&#x200B; + +Volume 4 will continue this conversation. + +# The January Jump-off 2021 + +https://preview.redd.it/5kr91lxmzay81.png?width=1048&format=png&auto=webp&s=d5dae7e81359edbe8232d2bd13d99b5b1d75181a + +* **1,262,397,065** shares traded overall +* **527,520,375** shares traded **OTC** +* **41.79%** of monthly volume traded **OTC** +* **8,031,573** total **OTC trades** +* Shares/trade was **65.68** overall, while RH shares/trade was 1.01 and Driveweath was 1.00 +* Robinhood's **1,852,210 trades** were more trades than Virtu (1,774,037), and second only to Citadel (2,557,687 trades) +* All other participants submitted their monthly trades to FINRA on 3/1/2021, while RH submitted their January 2021 monthly OTC trades on [8/12/2021](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) +* According to the monthly data, Drivewealth submitted their **401,797 brand new OTC trades** on **1/10/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Citadel traded **252,315,846 shares**, **47.81%** of all shares traded in January 2021. They also made **31.85%** of all GME OTC trades. + +In total, **2,254,007 trades** were added 8-12 months after the trades were supposedly made. These now account for **28.06%** of the total OTC trades for January 2021. + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +**Here's the latest data from the week of 1/25/2021** + +[Robinhood and Drivewealth have submitted 2,013,612 trades for the week of 1\/25\/21. They are now responsible for 30.02&#37; of all GME OTC trades for that week.](https://preview.redd.it/f0lrk1qziay81.png?width=1001&format=png&auto=webp&s=93426cb154a558bdff213410b42f8295aba50478) + +* **6,289,486 trades** were made OTC during the week of 1/25/2021 +* **186,346,005 shares** were traded OTC among 21 participants (**559,240,540 shares** traded overall) +* Shares/trade dropped from 167.64 (1/19/21) to **29.63** (1/25/21) +* Citadel traded **92,991,756 shares** (**49.90%** of the OTC shares that week) and made **1,983,757 trades** (**31.54%** of the weekly OTC trades) +* Virtu made 1,205,460 trades with 43,388,647 shares (35.99 shares/trade) +* RH posted 1,665,394 January 2021 trades in [August 2021](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) +* Drivewealth posted 348,218 trades in January 2022 (see above) + +&#x200B; + +# February Fuckery 2021 + +https://preview.redd.it/xn5n42i0mby81.png?width=767&format=png&auto=webp&s=3bacec3679ef34421c6703fcc116f03b26d0e909 + +* **827,561,959** shares traded overall +* **303,214,145** shares traded **OTC** +* **36.64%** of monthly volume traded **OTC** +* **8,842,686** total **OTC trades** +* Shares/trade was **34.29** overall, while RH shares/trade was 1.00 and Driveweath was 1.00 +* Robinhood's **1,316,242 trades** trailed only Virtu (1,991,314), and Citadel (2,653,066 trades) +* All other participants submitted their monthly trades to FINRA on 4/5/2021, while RH submitted their February 2021 monthly OTC trades on [8/19/2021](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) +* According to the monthly data, Drivewealth submitted their **557,604 brand new OTC trades** on **1/18-1/24/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Citadel traded **115,716,597 shares**, **38.16%** of all shares traded in February 2021. They also made **30.00%** of all GME OTC trades. + +In total, Robinhood and Drivewealth added **1,101,840 trades** 6 to 11 months after the trades were supposedly made. Drivewealth and RH now account for **21.19%** of the total OTC trades for February 2021. + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +# March Manipulation 2021 + +https://preview.redd.it/lz3gsaynlby81.png?width=1052&format=png&auto=webp&s=1c6927b1847484d6b0205d2fb026f41af489c04e + +https://preview.redd.it/39ijaroqlby81.png?width=1223&format=png&auto=webp&s=7bd1327e2036e5c24525dee54cd60b240023232d + +* **679,785,707** shares traded overall +* **253,160,215** shares traded **OTC** +* **37.24%** of monthly volume traded **OTC** +* **8,697,515** total **OTC trades** +* Shares/trade was **29.11** overall, while RH shares/trade was 1.00 and Driveweath was 1.00 +* Robinhood's **1,656,463 trades** trailed only Virtu (1,994,731), and Citadel (1,866,781 trades) +* All other participants submitted their monthly trades to FINRA on 5/3/2021, while RH continues to update their March 2021 monthly OTC trades as of November 2021. +* According to the monthly data, Drivewealth submitted their **1,025,550 brand new March 2021 OTC trades** on **1/25-1/31/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Virtu overtook Citadel for OTC shares and OTC trades in March 2021... They made 1,994,731 trades with 97,711,689 shares and were responsible for **38.60%** of the 253,160,215 shares traded OTC in March 2021. +* Citadel traded **31.41%** of all shares traded in March 2021. + +Drivewealth added **1,025,550 trades** 10 months after the trades were supposedly made. Drivewealth and RH now account for **30.84%** of the total OTC trades for March 2021. + +**The Crooks Keep Cooking the Books!** + +# Let's take a moment to discuss 2 very interesting weeks + +https://preview.redd.it/227rctjwlby81.png?width=1374&format=png&auto=webp&s=bd4abac575457434224e2d8bf07d65d79cebfb89 + +**2/22/2021** + +During the week of 2/22, RH accounted for 0.63% of the weekly share volume, but **22.27%** of the **weekly trades**. GME was **17.37%** of their total OTC activity for that week! + +GME was only **0.70% of the total shares** for these OTC participants, but **5.52% of total weekly OTC trades**. This doesn't include Drivewealth LLC's contribution, because that data has long since expired from the FINRA OTC Transparency website. + +GME was the Top traded OTC stock that week (by trades) and every single OTC participant (except Wolverine and LEK) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **35.38**, while the shares/trade for the Total OTC (including GME), was **303.66**. + +&#x200B; + +**3/8/2021** + +During the week of 3/8 (the week of the big dipper), RH was the top OTC participant with another **764,286 trades**. They were responsible for 1.00% of the weekly shares, but 22.53% of the weekly trades. GME made up **19.89%** of the total OTC shares and **20.93% of their total OTC trades that week**. + +GME was only **0.50% of the total shares** for these OTC participants, but **6.15% of the total weekly OTC trades**. Again, this doesn't include Drivewealth LLC's contribution, because that data has long since expired from the FINRA OTC Transparency website. + +GME was the Top traded OTC stock that week (by trades) and every single participant (except HRT) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **22.69**, while the shares/trade for the Total OTC (including GME) was **319.45**. + +&#x200B; + +# Here's the TLDR: + +https://preview.redd.it/dsaslowgmay81.png?width=1922&format=png&auto=webp&s=7c5ddc64aced72fed039190cccfb547b4c53068e + +All of Drivewealth's trades before 10/4/2021 were added December 2021 - February 2022. + +RH now reports making trades as far back as August 2020, when RC first bought in. + +# + +# Let's zoom back out to the monthly data for brevity sake + +https://preview.redd.it/pjrt3hdthay81.png?width=984&format=png&auto=webp&s=a251cf79efb41f843626f45e25137f73dfed269b + +On January 10, 2022, Drivewealth submitted 401,797 trades with 401,797 shares (1.00 shares/trade) for January 2021. They previously had reported 0 trades. They are now responsible for **5.00%** of the monthly GME OTC trades for January 2021. + +On January 24, 2022, Drivewealth submitted 557,604 trades with 557,604 shares (1.00 shares/trade) for February 2021. They previously had reported 0 trades. They are now responsible for **6.31%** of the monthly GME OTC trades for February 2021. + +On January 31, 2022, Drivewealth submitted 1,025,550 trades with 1,025,550 shares (1.00 shares/trade) for March 2021. They previously had reported 0 trades. They are now responsible for **11.79%** of the monthly GME OTC trades for March 2021. + +&#x200B; + +https://preview.redd.it/i3vr3zbamby81.png?width=991&format=png&auto=webp&s=bc0648876f5caf2f67e2bf5e5cae4ba7e0000172 + +On February 4, 2022, Drivewealth submitted 294,318 trades with 294,318 shares (1.00 shares/trade) for April 2021. They previously had reported 0 trades. They are now responsible for **12.00%** of the monthly GME OTC trades for April 2021. + +On February 9, 2022, Drivewealth submitted 162,273 trades with 162,273 shares (1.00 shares/trade) for May 2021. They previously had reported 0 trades. They are now responsible for **8.98%** of the monthly GME OTC trades for May 2021. + +On February 25, 2022, Drivewealth submitted 274,891 trades with 274,891 shares (1.00 shares/trade) for June 2021. They previously had reported 0 trades. They are now responsible for **11.85%** of the monthly GME OTC trades for June 2021. + +On February 17, 2022, Drivewealth submitted 92,621 trades with 92,621 shares (1.00 shares/trade) for July 2021. They previously had reported 0 trades. They are now responsible for **10.82%** of the monthly GME OTC trades for July 2021. + +&#x200B; + +https://preview.redd.it/cwq39933fay81.png?width=1018&format=png&auto=webp&s=313d0c66a683fba6ded0bb3021163f1e212bb728 + +On February 28, 2022, Drivewealth submitted 98,068 trades with 98,068 shares (1.00 shares/trade) for August 2021. They previously had reported 0 trades. They are now responsible for **10.63%** of the monthly GME OTC trades for August 2021. + +On February 28, 2022, Drivewealth submitted 77,528 trades with 77,528 shares (1.00 shares/trade) for September 2021. They previously had reported 0 trades. They are now responsible for **10.79%** of the monthly GME OTC trades for September 2021. + +On February 24, 2022, Drivewealth added 12.552 trades with 12,552 shares (1.00 shares/trade) for October 2021. They previously had reported 40,025 trades. They are now responsible for **11.39%** of the monthly GME OTC trades for October 2021. + +**Drivewealth LLC** is responsible for: + +* **11.59%** of November 2021 GME OTC trades +* **9.80%** of December 2021 GME OTC trades +* **9.16%** of January 2022 GME OTC trades +* **11.01%** of February 2022 GME OTC trades +* **9.12%** of March 2022 GME OTC trades + +&#x200B; + +[Here's a link to a separate post containing the weekly data](https://www.reddit.com/r/Superstonk/comments/ub3uqs/the_crooks_keep_cookin_the_books_drivewealth_llc/) for all the data donkeys out there. I didn't want to use up my 20 image allotment on those. + +Please note, the images at the end of that post are slightly different than these because I used extrapolated weekly data to come up with the March 2022 monthly totals (i.e. included 2/28 and 4/1). The numbers in this post are the official FINRA OTC numbers (for now...). + +In total, Drivewealth recently submitted **3,001,833** previously unreported **trades** from December 21, 2020 - October 4, 2021. + +These were submitted to FINRA December 2021 - February 2022, almost 1 year after the trades supposedly took place. + +Drivewealth now is responsible for **8.43%** of GME OTC trade totals. + +&#x200B; + +# TLDR in pictures: + +**Let's recap the OTC totals over the past 20 Months:** + +https://preview.redd.it/5u6de4gt7ay81.png?width=1044&format=png&auto=webp&s=36e4f0158444f1cf9c3fa92b7b7d5650ae720d78 + +This is the most updated OTC data available: + +* **1.983 billion** shares were traded OTC over 20 months from **August 2020 - March 2022** +* The total volume over the past 20 months was **5.047 billion!** +* **39.29%** of the total volume over that span was traded OTC, with another \~7% traded ATS (dark pools) +* **40,251,466 trades** were made OTC by these participants +* These participants are responsible for 99.05% of OTC trades and 98.36% of OTC shares traded + +&#x200B; + +# OTC Shares + +https://preview.redd.it/jy9raptqoay81.png?width=2243&format=png&auto=webp&s=0f48cd84188ec6e21335afed38cc4b8a95b16522 + +# OTC Trades + +https://preview.redd.it/6qfyu2tkfay81.png?width=2242&format=png&auto=webp&s=90db01d7e7df9340b26b31c569bc9b6fd3678679 + +# Monthly OTC Shares + +[Over 100 million volume OTC in September 2020, October 2020, December 2020, January 2021, February 2021, March 2021.](https://preview.redd.it/mq7x1gvy7ay81.png?width=2229&format=png&auto=webp&s=6eff039da3500b66363e806c7c8110d7d1ccbff6) + +# Monthly OTC Trades + +[OTC trades certainly increased in January 2021, with 6 straight months of \>1 million OTC trades.](https://preview.redd.it/bpnlj9q08ay81.png?width=2224&format=png&auto=webp&s=124352d9ba59354986cca4b6c797bf0eb30a9e8e) + +* **8,031,573** trades in January 2021 +* **8,842,686** trades in February 2021 +* **8,697,515** trades in March 2021 +* **2,452,631** trades in April 2021 +* **1,807,747** trades in May 2021 +* **2,320,109** trades on June 2021 + +And + +* **1,060,739** trades in March 2022 + +&#x200B; + +# Monthly OTC Shares/Trade + +https://preview.redd.it/xic5r7i28ay81.png?width=2298&format=png&auto=webp&s=fcad85117159fb7316dae8fcaf7ed598c89847ea + +The shares/trade is an interesting trend. After a major decrease in shares/trade from December 2020 to January 2021, we've been under 50 shares/trade for 13 months. There has been an increase in the number of shares/trade over the past several months, and to me, this seems to correlate with the increase in DRSed shares. In other words, they have to make larger trades. + +Here's a link to [a previous post of mine](https://www.reddit.com/r/Superstonk/comments/sruz7l/in_honor_of_our_beloved_chairman_i_present_69/), which references Dave Lauer's first Superstonk AMA. He talked about GME OTC vs ATS: + +From the [AMA transcript:](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) + +* Dave Lauer u/dlauer : + * "**So in November (2020), it was predominantly Citadel with a little Virtu and an even little more G1X** + * **This is market share, you can see that accounts for almost 85% of all OTC trading, and the rest is a bunch of smaller internalizers** + * And then it peaked for Citadel in January + * But what we've seen since then is actually **Citadel’s** market share in GME has dropped significantly and so has **G1X**, and **Virtu has really taken over** + * At the same time, the average trade size that's being executed OTC has *plummeted*. + * **This was honestly really astonishing to me.** + * I guess this is probably the Robinhood effect or the retail effect. + * But you can see in December, the average trade size for Citadel was relatively high, it was around 350 shares and for Virtu it was around 200, and a little over 250 overall. + * **And since then in January, I mean, these, these** ***dropped to under like 40 shares average trade size***\*\*.\*\* That was really shocking to me. + * Part of that has been the price increase, absolutely. + * But at the same time like an average trade size of **40 shares is extremely small.** I don't know what to make of it necessarily but I thought it was an interesting sort of data point to highlight. I just wanted to show that." + +# How does this compare to other stocks? + +Here's the shares/trade GME vs the entire OTC (including GME) for these same participants: + +[Hope to update this to include February and March 2022, but you get the idea.](https://preview.redd.it/xpdk85tm6by81.png?width=2360&format=png&auto=webp&s=532ca60250f68402d7c07b1a2d61c0350cfca6df) + +&#x200B; + +# Back to the Weekly Stats + +**Weekly Shares OTC** + +[Shows just how outrageous the OTC trading was from January - March 2021](https://preview.redd.it/3jk8brq98ay81.png?width=3405&format=png&auto=webp&s=d96564fc034309095cd199b42e9315461da19dd3) + +**Weekly Trades OTC** + +[Again, shows how insane the number of OTC trades was in January - March 2021, with some interesting increased OTC activity in March 2022.](https://preview.redd.it/qj4z514pday81.png?width=3325&format=png&auto=webp&s=dfa4bee6e8ae1c48c96296794f40e12b632832e1) + +&#x200B; + +# What about the Short Volume? + +Reported Short Volume vs Closing Price + +[Had to combine these 2 because I ran out of images... Highlighted on the 2nd graph is DFV's YOLO on 4\/16, and C+25+2 after that \(5\/24\), when we started a pre-earnings run-up.](https://preview.redd.it/e978cd4waby81.png?width=845&format=png&auto=webp&s=7288582b77322e5fc43f13ac6753c57ff0a152aa) + +**Reported Short and Long Volume vs Closing Price** + +This data is from: [https://stocksera.pythonanywhere.com/ticker/short\_volume/?quote=GME](https://stocksera.pythonanywhere.com/ticker/short_volume/?quote=GME) + +What's important to note about this data is that the total volume reported here only represents 41% of the actual total daily volume (i.e. 58.95% of volume is not reflected in this data). So where is the other volume? 40% OTC, 7% ATS, 11%??? + +However, the qualitative date is still very interesting. + +And they're reporting **373,102,576** in **short volume** over the past 294 trading days (vs 291,946,072 long volume). 55.37% of volume is reported short and 43.33% is reported long. + +Based on these trends, we should be expecting the next spike in volume right around the 5/25 - 6/2 timeframe (right in line with last year). + +&#x200B; + +**Some interesting Options data:** + +January 2023 [$1 Puts](https://finance.yahoo.com/quote/GME230120P00001000/chart?p=GME230120P00001000#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-) \- Big spike 1/25/22 and 4/19/22 + +January 2023 [$2 Puts](https://finance.yahoo.com/quote/GME230120P00002000/chart?p=GME230120P00002000#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjIuNDA5NzY2NDU0MzUyNDQxNywiZmxpcHBlZCI6ZmFsc2UsInZvbHVtZVVuZGVybGF5Ijp0cnVlLCJhZGoiOnRydWUsImNyb3NzaGFpciI6dHJ1ZSwiY2hhcnRUeXBlIjoibGluZSIsImV4dGVuZGVkIjp0cnVlLCJtYXJrZXRTZXNzaW9ucyI6eyJwcmUiOnRydWUsInBvc3QiOnRydWV9LCJhZ2dyZWdhdGlvblR5cGUiOiJvaGxjIiwiY2hhcnRTY2FsZSI6ImxpbmVhciIsInBhbmVscyI6eyJjaGFydCI6eyJwZXJjZW50IjoxLCJkaXNwbGF5IjoiR01FMjMwMTIwUDAwMDAyMDAwIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJpbmRleCI6MCwieUF4aXMiOnsibmFtZSI6ImNoYXJ0IiwicG9zaXRpb24iOm51bGx9LCJ5YXhpc0xIUyI6W10sInlheGlzUkhTIjpbImNoYXJ0Iiwi4oCMdm9sIHVuZHLigIwiXX19LCJzZXRTcGFuIjpudWxsLCJsaW5lV2lkdGgiOjIsInN0cmlwZWRCYWNrZ3JvdW5kIjp0cnVlLCJldmVudHMiOnRydWUsImNvbG9yIjoiIzAwODFmMiIsInN0cmlwZWRCYWNrZ3JvdWQiOnRydWUsInJhbmdlIjpudWxsLCJldmVudE1hcCI6eyJjb3Jwb3JhdGUiOltdLCJzaWdEZXYiOnt9fSwic3ltYm9scyI6W3sic3ltYm9sIjoiR01FMjMwMTIwUDAwMDAyMDAwIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkdNRTIzMDEyMFAwMDAwMjAwMCIsInF1b3RlVHlwZSI6Ik9QVElPTiIsImV4Y2hhbmdlVGltZVpvbmUiOiJBbWVyaWNhL05ld19Zb3JrIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6ImRheSIsInRpbWVVbml0IjpudWxsLCJzZXRTcGFuIjpudWxsfV0sImN1c3RvbVJhbmdlIjpudWxsLCJzdHVkaWVzIjp7IuKAjHZvbCB1bmRy4oCMIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6IuKAjHZvbCB1bmRy4oCMIiwiZGlzcGxheSI6IuKAjHZvbCB1bmRy4oCMIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI2ZmMzMzYSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fX19) \- 1.72 million on **1/27/21** + +January 2023 [$3 Puts](https://finance.yahoo.com/quote/GME230120P00003000/chart?p=GME230120P00003000#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-) \- Big spike on 10/8 and 10/9/20 and **1/27/21** + +January 2023 [$4 Puts](https://finance.yahoo.com/quote/GME230120P00004000/chart?p=GME230120P00004000#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) \- Big spike on **1/27/21** + +January 2023 [$5 Puts](https://finance.yahoo.com/quote/GME230120P00005000/chart?p=GME230120P00005000#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) \- 185,490 spike on **1/27/21** + +January 2023 [$7 Puts](https://finance.yahoo.com/quote/GME230120P00007000/chart?p=GME230120P00007000#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-) \- Spike on **1/27/2021** and 9/2/2021 + +January 2023 [$10 Puts](https://finance.yahoo.com/quote/GME230120P00010000/chart?p=GME230120P00010000#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) is broken + +January 2023 [$20 Puts](https://finance.yahoo.com/quote/GME230120P00020000/chart?p=GME230120P00020000#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-) \- Spike on **1/25/21** and **1/27/21**, then 6/22/21, 1/31/22, and **3/30/22** + +&#x200B; + +Get your shares out of their greasy, fraudulent hands... + +Buy, HODL, DRS, and Vote! +My parents are low earners but bought their house a very long time ago. They have a approx 200k equity with 200k left to pay off. They're not very clued up with money/investments (nor am I tbh). Someone has told them to take out what they own in equity and use it to invest in other projects (e.g. BTL properties, ISA, other stuff in order to diversify) but they'll probably need to stick mine or my sister's name into it in terms of affordability (we're living with them) of a new mortgage. They have one other BTL property which is the majority of their income over the past 25 years. + +What do people think? + +Edit: + +Thanks for all the great advice. Just some points of clarification. + +- My parents are limited in the work they can do because of disability + +- Their plan is to pass on one house to each daughter, that's why they want our names on it (I realise this is a very privileged position!) + +- We're literally at the brainstorming stage so I'm trying to look at what potential there is with this idea. Nothing is set in stone. All the advice we've had is off the cuff and has been said in passing. Luckily no one is asking to invest in their projects. I hear everyone's advice - get independent advice and from someone that is in the field, not a doctor! +Just my personal strategy going forward. It was fine when friends and family made fun of me, but now - at these gains - HODLers are going to become targets. Just a quick reminder to be careful out there. +I used to work in public accounting and was always told that when I moved to industry my work/life balance would be great. Unfortunately after 2 different industry jobs I found that I was still working until 6/7pm every night. These hours seemed so normalised amongst all of my accounting friends and I'm surprised at the vast majority of people I met that worked hours of overtime every week. + + +I've now moved into business analytics where its the standard 9-5 with paid overtime for any (rare) additional hours. I took a side step rather than a pay increase to get into this role but I feel like my mental health has improved so much in the past 12 months. + + +I'm keen to hear other experiences. As I'm progressing through my career I feel like work/life balance is one of aspects of a job I place the most importance on. +EDIT 10:45am: I have been trying to keep up but have almost 400 unread responses and countless questions under posts. THANK YOU to everyone. Every idea, feedback, support, criticism, eye roll, shared stories....I can’t say how much it means to me. I know my family will get out of this one way or another! + + +Original post: + +My wife and I have gotten ourselves into a disaster. + +Here is the high level summary: + +**Average monthly take home from salary: $7,450 (after min matching 401k contribution, health insurance, and taxes)** + +**The debt:** + +* Fed Student Loans (between spouse and I) - $490/m ($85,500 total) +* Private Student loans (between spouse and I) - $600/m ($41,700 total) +* Private Loans (four) - $1800/m (13% apr) ($54,000 total) (holy fucking shit we fucked ourselves with irresponsibility #1) +* Credit Cards (seven) - $1300 (22%) ($50,000 total) (holy fucking shit we fucked ourselves with irresponsibility #2) + +**Debt: $231,000, min monthly payments $4,190** + +* House - $1,250/m (owe $160k, worth $200k) + +**Debt with house: $391,000, min monthly payments with house $5,440** + +**The bills:** + +* Electric $200 (average) +* Water $90 +* Cell phone $120 +* Internet & Cable $190 +* Car Insurance $160 +* Gas $110 +* Food $800 (family of four) (edit: also includes all household consumables like toilet paper, etc) +* Auto fuel $40 + +Total bills: **$1,710** + +**Net:** + +**$7,450 - $5,440 - $1,710 = -$300** + +We're adding to our credit card debt monthly and that assumes no unexpected expenses, co-pays, etc. + +I work full time from home. My wife is raising our kids. (Edit: youngest is special needs and we’re trying to keep him home with her as long as possible before sending him off to school, however we talked today and are looking at working some opposite shifts). Our oldest is in grade school our youngest starts kindergarten next year. My wife has a four year degree as do I. I do some moonlighting which brings in about $400/m currently at a rate of $30/hour (not included above in my income total) and I am hoping to expand that to about $1000/m if I can find an additional 2-3 clients to work with nights/evenings. Even with a more robust moonlighting roster we will be adding debt when any 'unexpected' bills come up during the year (car repairs, etc). + +What do I do? I know I can work at Target (or the equivalent) for $13/h on nights/weekends. That would bring in about $800/m after taxes I believe. I am actively reaching out to prospects and consider $30/h to be the low end of my rate ($50-75 is my goal). My wife can work half days next year after kid goes to school. + +I've sold every toy I own; no gaming systems, hobbies, etc. I only own my laptop for work. My wife has about $2000 of remaining hobby/collection things we are selling. We've been selling off random things for $5-10 at a time as we clear out our basement, find old kid toys, some furniture pieces. + +Tell me I'm missing something, there is a strategy to follow, or I am somehow (currently) being stupid/irresponsible. I am all ears and my feelings cannot be hurt. + +Edit also we own one small car, paid off, worth about $6k +All of the DD says if Apes hold we win. It's that simple. + +The DD also points to GME having the potential to be a black hole for all of the value available in the market. This is what the infinite losses means. + +If Apes hold long and tight enough, then GME could rise to billions of dollars per share. No joke. Hoping we sell at any price point is what the system wants. What if we don't? What if we just decided that over a billion is the floor? Or the GDP of a medium country? They can't stop us because they cheated in a way that fundamentally undermines the market. + +If institutions paper hand it still wont make an iota of difference in the long term due to the obscene amount of shares retail hold. Expect minor and major dips. Trust that we all know all shorts must cover. + +This is entirely on us, as apes to dictate our own futures. + +Buy, hodl, vote. Love you all +Should you drip all dividends? + +Or should you put the dividends into brokerage to build for the next buy? + +Pros and cons of both? + +Poll on what folks in here do. +We have worked out we are spending about $3000 on gifts every single year. This seems like a ludicrous amount, however my wife insists it's necessary to fit with social expectation. + +We are expected to give birthday, Christmas and holiday gifts to every family member. I have no problem spending for gifts for children. But majority of the spending goes towards adults who simply want things like gift cards. + +Is this truly an excessive amount to spend or is an expected amount for most? +Really grinds my gears how people on here are so quick to call it a coordinated shill attack, a conspiracy to distract people from DRS, whatever. + +Here’s something you’ve got to understand: there is 600k+ people on this sub; there are crazy things happening daily and weekly. A lot of crazy shit is about to go down and we are a pretty cool melting pot of financial news. + +This sub doesn’t have to be only computershare screenshots. The screenshots are great, but I’m here for the content and to learn. + +We can walk and chew gum at the same time. Stop calling every big news story forum sliding or a coordinated shill attack, it makes us look like whackos. + +Edit: seems like a few of you are misconstruing my point. This wasn’t meant to ignite BofA discussion, I was using it as an example. +Hi everyone, + +Our workplace is transitioning to work from home a few days a week and so I need to start looking for my own place with enough room to set up a station. At minimum I have been looking for 1-bedroom apartments. I am struggling to find something that falls within the 30% of my salary range. + +My take-home every month is approximately $3,000. In my area, the range for rent seems to be around $1600 to $1800 depending on space and if it includes utilities or not. + +Sorry if this is the wrong place for this, but how much would be reasonable to spend on rent? Is the 30% rule outdated? And no, roommates are not an option at this time. + +Thank you for your advice! Location: Ontario, Canada +I’m currently in a lot of debt and executing a plan to pay it off and begin my path to financial independence. The problem is everyone around me (friends and family) keeps discouraging me claiming it’s a fantasy. It’s discouraging and sometimes I Second guess myself. + +Edit: Wow guys I’m overwhelmed with all of the encouraging posts! Thanks everyone for the support. Ill definitely be around to share my progress! +A very large piece of land in North east Texas that was previously being used as a summer camp is being developed as a gated community. It is 2 rows of lots around a fairly large lake for around 80K for a 1.5-2 acre lot. Roads are supposed to be built, but there will be no sewage (will need to instal a septic tank). In all around 100 lots are for sell and almost all of them have been sold in special selling events, only a few lots in the 2nd row remain. I live far away and do not plan on developing the land myself. Everything I am reading tells me that investing in land is super risky, but this seems to me like an exception to the rule. What am I missing? What is the biggest risk in this type of investment? +My girlfriend has accepted a job in Rome, starting early next year. I work as an employee in IT for a UK based company. I would really like to keep my job. If I became a contractor rather than on PAYE, could I file for taxes in Italy whilst still working for the UK company? What do I need to be aware of? +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! + +Many of these polls are useful, some of the discussions are very high quality but I can see things getting out of hand with poll spam. How do we throttle the rate and quality of poll submissions and maintain the surprisingly high quality discussion going on in each one? Thoughts in the box below please . Hopefully the options are sufficient. + +EDIT: You guys actually did it, first governance change completed. Mission Accomplished. This is why EthTrader gets nice things. + +[View Poll](https://www.reddit.com/poll/9pdaho) +EDIT: thanks everyone for your thoughts! I will decline the offer and get financial advice on ETF's! + +Hi everyone, + +I (23, Switzerland, recent graduate - CompSci, 95k/year, no debt, no significant savings) have a decision ahead of me and wanted to know if any of you had any advice. Exact figures are scarce, since I am still planning this and am just looking for a general direction of where to go. + +My parents have recently come into poor health and therefore are looking to settle their affairs concerning the family-home. After long discussions the battle-plan is as follows: + +-My older sibling A is going to buy the family home, which she already lives in including the recently built annex where my parents live (much more suitable for their health and age as it was built with their condition in mind). +-My parents will retain the right to live in said annex until they pass away or move to an institution. +-My parents will then pay us three other siblings their respective share of the house as to settle the majority of their inheritance. + +This will likely come down to a payout of roundabout 200k for me. Another Sibling B will receive the same amount (minus 50k our parents loaned her during her studies) and has now proposed the following. We could use the money to buy the top flat of the house, which we would rent out to a given third party (this would also make the financial load on sibling A lighter, since we would be buying part of the house). By our estimations we would still have to take up a mortgage (price of the flat would probably be around 400k). Property prices in Switzerland have steadily grown, and have even done so more than expected during COVID. The consensus seems to be, that they will likely continue to boom. (source, english version available: [https://www.credit-suisse.com/ch/en/articles/private-banking/schweizer-immobilienmarkt-aktuelle-fakten-201911.html](https://www.credit-suisse.com/ch/en/articles/private-banking/schweizer-immobilienmarkt-aktuelle-fakten-201911.html)) + +I could also take the money, kickstart my savings and invest the rest. My gut tells me this is the financially prudent move as I am just starting to build my savings and I suspect there's a significant amount of headaches to be expected when owning property. + +Thanks in advance for your opinions. I'll make sure to answer any questions that come up. +Hi, I am a 24 years old Portuguese resident. My next 4-5 years of income will come from a Ph.D. scholarship, 1065 a month. So I got a pretty secure and fixed income that can help plain in the short term. + +My goal is long term passive, 30-40 years maybe. If I can achieve financial independence before that great. + +I saved 5k from my first high paying part-time during this year. I plan on dropping from 500-800 during my 4-5 Ph.D. years, I also plan on getting real estate sometime after I finish the Ph.D. Hence the 500-800 range, I'm probably going to drop 500 on a portfolio and 300 on savings account for the down payment (PPR in Portuguese or probably a bond idk yet). + +After my PhD I think I can secure a 2k+ a month job. + +My current allocation of a 5k starting investment + +[IDWA](https://live.euronext.com/en/product/etfs/IE00B4L5Y983-XAMS) \- 75% + +[IUSN](https://www.justetf.com/en/etf-profile.html?isin=IE00BF4RFH31) \- 15% + +[EMIM](https://live.euronext.com/en/product/etfs/IE00BKM4GZ66-XAMS) \- 10% + +No bonds for now as I think I can take the risk for my age. + +I don't like posting a "rate my portfolio" but... I'm a new investor and I am currently learning. + +What do you think, any tips and resources? +If I want to get my first house and am saving up, what are the advantages or disadvantages of getting a loan with >20% deposit in the current climate? + +Is it *always* better to get in early with a smaller deposit (i.e. be opportunistic), or wait til you can buy something that you can avoid MLI? + +Strange times. +Hey r/AusFinance, + +I'm a first year Commerce student and looking for some career direction. I know I want a corporate role, but it can be tricky to determine what exactly the job titles mean and their pathways. I know there's accountant, lawyer, consultant etc. but you see titles like "Strategy development" or "Corporate research analyst" and I think what does that involve? +GameStop NFT (both the words & design), GameStop Wallet, and GameStop Blockchain have all been filed by a separate entity called GME Entertainment LLC. + +https://preview.redd.it/it85rnesnrz81.jpg?width=2944&format=pjpg&auto=webp&s=b0fa10e04be10235cc02fce543d177d7a012b56a + +&#x200B; + +https://preview.redd.it/wwtksa1tnrz81.jpg?width=2948&format=pjpg&auto=webp&s=e147f28568fe208564efe812e26b68a6ab1597d9 + +&#x200B; + +https://preview.redd.it/e236ucotnrz81.jpg?width=2952&format=pjpg&auto=webp&s=bed1083c776058c4d00939512e19a1cc120ce819 + +&#x200B; + +https://preview.redd.it/qsgkk16unrz81.jpg?width=2952&format=pjpg&auto=webp&s=e8d38c73ee09da67944b5938f8aaff290b11a372 + +This community has long speculated a dividend of some sorts related to the NFT expansion and I wanted to share my thoughts on the matter in hopes of getting some constructive feedback going this weekend so I can have something to do other than play LoL... + +Ok, so we have 4 new filings under a different entity; Gamestop Inc. is what the company has traditionally used for other marks. Separating these "blockchain" related assets from the core company is likely the footprint for a future spinoff where GME shareholders get some type of an allocation in this new entity which I'll call **GMEE** for simplicity. + +I've seen some dialogue today regarding Overstock and I wanted to share my outlook - GameStop's dividend WILL NOT be like OSTKO, it will be better. In case you aren't familiar with the subject, here's a good post to get familiar with Overstock's digital dividend - [post](https://www.reddit.com/r/Superstonk/comments/oh69zg/overstocks_digital_dividend_story/?utm_source=share&utm_medium=web2x&context=3) + +Basically, shareholders of OSTK received 1 share of OSTKO for every 10 shares they held of OSTK ([Overstock Press Release](http://investors.overstock.com/news-releases/news-release-details/overstock-distributes-digital-dividend-shareholders-scheduled)). With total shares outstanding of 43,000,000 at the time for OSTK, the company issued roughly 4,000,000 OSTKO; OSTKO has no actual business activities, but GMEE does. + +For people on Twitter saying the Overstock squeeze was cut short or a cash payment was made which poured water on the fire, I ask you to back up the claims with facts, otherwise it's just FUD. Whether the intention of Patrick Byrne was to squeeze the shorts or to create awareness for his new tZero platform, the fact is the share price of OSTK went from $3 to $127 in a little over 5 months. + +[Mar 9 '20 - $3.41 per share](https://preview.redd.it/viirt73xnrz81.jpg?width=2816&format=pjpg&auto=webp&s=e44296e8234216de55478e63b6a456df5fe0392f) + +[Aug 17 '20 - $127.84 per share](https://preview.redd.it/tecof6yynrz81.jpg?width=2830&format=pjpg&auto=webp&s=e828f7c8e4a97f0d7b99d7b0517abf0e2284d63d) + +As for OSTKO, shareholders of OSTK received their digital dividend on May 20th, 2020, and the price of OSTKO went from around $15 to $100. + +https://preview.redd.it/0klxw682orz81.jpg?width=2830&format=pjpg&auto=webp&s=859934ac2168fede95c5e375cee542ecdd7b5cf7 + +The peak of OSTKO was also around August 17, 2020, similar to the peak of OSTK. + +Ok, now that you have an understanding of how both OSTK and OSTKO moved over time, it's also worth reading here to learn about how brokers allowed shareholders to trade their OSTKO even though Overstock did not permit this - [Seeking Alpha Article](https://seekingalpha.com/article/4349359-overstock-issues-digital-dividend-ostko-investors-are-selling) + +https://preview.redd.it/y1pwjj25orz81.jpg?width=612&format=pjpg&auto=webp&s=1218308dada4381d32ec4934855aebf4d0e04ad7 + +So getting back to GMEE, if a spin-off does happen and GME shareholders are rewarded with an allocation in the form of a tokenized security, I think the reality is that no one knows what is going to happen to synthetic shares, including GameStop. As the previous article stated, brokers basically did whatever the F they wanted. Draw your own conclusions... + +https://preview.redd.it/n9ufwor7orz81.jpg?width=670&format=pjpg&auto=webp&s=8c862ead25e5cb699bb4cda850fe0122ffe27f5a + +As a shareholder of GME, I try not to speculate, but I feel it is important to do the research and gain a better understanding of what could happen to my investment in the event of a stock-dividend, squeeze, spin-off, etc. One of the key differentiators between OSTKO and GMEE is that the latter is actually a player in the multi-billion dollar NFT industry; GMEE is a real business with real revenue and infinite potential. + +So while I believe ownership in GMEE through a tokenized security is a great way to squeeze GME shorts, it also seems like a great way to unlock value as there may be investors who want to purely invest in this business. And this brings up a good point, what is this NFT business worth? + +This is the one thing that has been on my mind for several weeks. If GMEE is spun out of GME, and let's say there are 76,000,000 share in GME, and you get 1 share of GMEE for every 10 shares of GME, what are those 7,600,000 GMEE tokens worth? + +Now one could just argue simple dilution, where GME shares are worth 10% less, but if the spin-off happened today (closing price of $98.39 on May 13, 2022), do you think GMEE is fairly valued at $750,000,000? Basically 1/10th of Friday's closing market cap. + +https://preview.redd.it/kk677nhaorz81.jpg?width=1680&format=pjpg&auto=webp&s=c0a014ff709228f3f5ea03fc3b3235c5fe51f8ef + +I would argue $750,000,000 is a very low number as OpenSea is valued at more than $13bn. So wut then? + +This is where it gets interesting, and this to me is the most important piece of the puzzle, of not only squeezing shorts but also presenting a strong case for GMEE token recipients to hold for a long time. Like any valuation exercise or real world investment, there is no right answer. Sometimes VCs are lucky and they come in early, and sometimes they come in too late (think [SoftBank and WeWork](https://www.bloomberg.com/news/articles/2021-10-20/wework-stock-we-will-softbank-ever-make-its-17-billion-back?sref=OwJcT4R5)). + +So the future of GMEE really hinges on this unknown, or InvestorX, and this is what I believe will be the greatest surprise that RC will be announcing in due time. InvestorX will be the one that makes an investment into GMEE that cements the valuation of the spin-off entity. For example, if Apple invested $1bn for a 20% stake in GMEE, then the company is worth $5bn, and right away those GMEE tokens you received at $750,000,000 would now be worth 6.67x more (ceteris paribus), without a squeeze and without other investors coming in. + +Ok, this is a good time to celebrate. I had several other thoughts I wanted to share but I think I'll save that for another time. + +https://preview.redd.it/aizsxafeorz81.jpg?width=2000&format=pjpg&auto=webp&s=57ee5f26252a3b53409d2c6115874b0b611ec37e +I consider myself to have a decent level of discernment. I’m not easily persuaded, and prefer data over speculation. With that said, I found myself thinking yesterday “I don’t know what’s fucking real or fake anymore” and so fatigued with this sub. + +After a good nights sleep I was able to come back and realize that the shill tactic was just that. Make the easily persuaded go down a rabbit hole and appear crazy to outsiders, and make the ones that prefer fact over speculation not know what to believe and question EVERYTHING. + +I’m not here to tell you what to believe, but I will tell you that when it starts to feel like you are special and are meant to uncover this through a series of cryptic information, you need to take a step back. + +When you start feeling out of control and begin to question every DD, you need to take a step back. + +NOTHING CHANGES. Buy and hold. It’s literally that easy. + +This is not financial advice, just a dumb ape looking out for other dumb apes. + +Edit: Typo +I have gotten a lot of questions of “how did you go from 6 out of 8 weeks being red to 8 green weeks in a row? “How is it even possible to go from losing that much to winning like this now?” + +&#x200B; + +https://preview.redd.it/xx3rrnlqqmw91.png?width=975&format=png&auto=webp&s=7dd95988498a8faf35807aaaf7e4ebb8c6d779ee + +**Stop losses/ Risk management** + +The answer sadly was right in front of me the whole time… risk management. I am someone that preaches and preaches risk management and small gains till im blue in my server. However, I failed to practice what I preached. + +Lets take a look at the win % of July and August 71.76% vs. my current 84.16% win rate currently. Yes a 84.16% win rates impressive in my opinion but with my strategy I can and should be profitable with a 71.76% win rate? So why was I note profitable? Lets take a look at a few weeks of trades and its pretty easy to see why. + +Note- for those of you who question why I use excel to show my losses/ wins this is why cause I can analyze things in a way that TOS does not let me. + +Now what do you see? In terms of stop losses there were no stop losses. I thought I was smarter then the chart. I thought that I just got a bad bounce and it would come back to me. What I ended up doing was putting myself in such a whole that I couldn’t recover. + +For the week on the left had I closed stuff out at -20% I would have finished the week at +$1974 and on the right I would have closed the week at $1890. Same win rate… but completely different result… So not even changing the loss from a win BUT changing where I close out my loss (and more importantly accepting my loss at -20%) would immediately have turned two of those 6 week green (and actually would have turned every one of those 6 weeks green and even looking back from January to June I believe 90% of my weeks had I closed out at -20% on my losses… and not increased my win rate or anything else… I would have been profitable on every single week.). + +So when people ask me “what did you change?” “its impossible for someone to have 8 green weeks!” “its impossible for someone to recover like that!” + +I say no its not… I say and I say this to 90% of people who blow their accounts up or have a green week go red… “where was your stop loss?” + + +Risk management and mitigating our losses is about 100x more important then taking proifts. There are actually numerous strategies out there that can have 40-60% win rates BUT with proper stop losses can have extremely profitable results. + +There is a rule called the 10/20 rules… the goal should be 10% profits and we should use a HARD -20% stop loss. We can not think about it and we can not try to out smart it. This is another reason I stopped playing 0dte lottos as they would result in -90% losses I could recover. + +Honestly I could stop right here but there is a few other minor things that have helped me. + +**Position sizing** + +I have talked about this since forever but I always say that your options account should be 10% of your total investment portfolio. That means if you have $10,000 to invest (for simple numbers) you should really only have about $1000 in your options account. And of that 10% you should only be trading with at MOST 10% of the 10%. That means each position size should only be about $100. + +Why? Why so small? We have to assume the worst. If we use $100/ trade on a cash only account (which if you haven’t switched to a cash only account SWITCH NOW!) then we can make about 10 trades per day. That means with the 10/20 rule and about a 70%-80% win rate we can remain profitable every day. Its about quality quantity not one quality trade. This is a mistake I made in July and August also. + +I was so focused on making one good trade that I would end up making a bad trade or wait so long to enter that I would get stopped out immediately. + +Something I did and HIGHLY recommend people do is to size heavily down in times of bad trading… when I recognized in June and July that I was struggling I sized down by 1/5th per trade. And then I sized down another ½ in the really bad times. From there focusing on the % gains not the $ gained I was able to gather myself and now I have gone from $500/ trade to $1000/ trade to $1500/ trade and now im pretty content at about $2000-$2500 per trade and I don’t think I will size up again for a while. Maybe another month or so of consistency and I will size back up. + +The number one goal should always be capital preservation. Remember the light at the end of the tunnel is the end of this bear market and a return to the “easy” times of a bull market. + +**Win rate doesn’t= profit** + +This is something I wish I would have taken to heart even earlier then I did. I had a really respected trader tell me this all the time when I was so proud of my 80% win rate. But he reminded me (and so did my weekly log) that win rate doesn’t equal profitable. There are actually a lot of strats out there where you can be holding a 40-60% win rate and still make money. This plays into the first and most important point of all of this… STOP LOSSES ARE KING. + +**Trusting myself** + +This is the last point I want to make. In this market we have to trust ourselves and have confidence in our trades. Something that I experienced in this bear market for the first time was lack of confidence in myself. There was so many times where I would enter a trade (back before my hard set stop loss days) and I would get a rogue $3 green candle (like we saw this week) that would wreck my position beyond belief. I would finally take my loss and then we would see some wild bounce $6 the other way back in my favor. Where had I just held I would end up green. + +This is where this 2022 market is absolutely brutal and I have seen some pretty decent traders wash themselves out of this market. When we lose confidence in ourselves we lose confidence in the plays we make. I struggled with this (and honestly some of it was pressure on myself to be perfect and to never lose cause of the server and I have a lot of eyes on me). But I know im not perfect and I know no matter how perfect a setup works in the end we will never win everytime. Sure it was fun when I had like a 35 green trades in a row win streak but honestly it was just luck. + +What I have learned is when we recognize a trend we do not fight momentum nor do we fight the trend. BUT it is okay to say I don’t like this setup, I don’t like this day, or this isn’t my ideal setup and to sit cash gang. There are so many people who fail to understand the importance of the fact that cash IS a position. You cant lose money sitting cash. WAIT for YOUR setup to come to you. + +Another thing I struggled with for a while was traders paralysis. I had so many things I was waiting to be “perfect” before I entered a trade that by time the crystals would align I would have missed the move already. This plays into my last and final point. + +**Aggressive without being wreckless** + +Speaking of trader paralysis what I found is that in waiting for everything to be perfect by time I got into the trade that initial little pop that gets you that 10% in 30 seconds had already pasted and I was left with the bread crumbs of bread crumbs waiting for the 10% pop that never came. + +I found that through those red weeks and endless days and weekends backtesting and backtesting and backtesting I found what works for me. What is the post HIGH PROBABILITY risk to reward plays. In my server often times you’’ll hear me play these “bounce or die” or “die or bounce” plays. + +That is what I mean about high probability plays. Often times these are when the indicators are favoring lets say a call and SPY 15min chart has retraced to a key support and is sitting on it. Everything points to a bounce back up but its not perfect yet. + +I would rather take a play that has a high probability of success then wait so long for confirmation that I end up never seeing profits. I trade a fine line between aggressive and wreckless. With the 10/20 rule a 0dte gives you enough wiggle room to be slightly off on timing with being aggressive BUT if you are too aggressive (aka wreckless) then you end up just stopping out and then it plays out how you expected. + +I hope this helps you guys if you have any questions let me know! +We've been seeing lots of posts by people who are on the track to /r/FatFIRE but have questions that might not be relevant because they're not related to the /r/FatFIRE lifestyle. So I just created /r/hungryFIRE \- a place where ambitious folks with track records get more successful. + +Specifically: this is for people who want to get wealthy by creating things for others. + +**Why it exists:** + +* [r/fire](https://www.reddit.com/r/fire/) is folks who want to retire early by living a miserly lifestyle and saving pennies on toilet paper +* [r/FatFIRE](https://www.reddit.com/r/FatFIRE/) is for folks who are already wealthy and lots of posts are getting removed because they're people who are not yet FatFIRE +* [r/entrepreneur](https://www.reddit.com/r/entrepreneur/) is full of self-help, motivation porn, and people trying to hawk you online courses. There are way too many people trying to be life coaches/tell you what to do despite not having done anything themselves. +* r/startups has no barrier to entry and is really noisy/spammy in my opinion. +* There are a lot of ambitious people who want to put in the work to get wealthy/wealthier. That's why this exists. + +**Who is this for?** + +* Entrepreneurs who have started something already +* Ambitious people who have already created things / launched projects +* Salespeople who have already gotten commissions +* Anyone who wants to capture more value from their existing work. + +What if instead of just reporting those posts as irrelevant, we invited those folks to /r/HungryFIRE? + +It's public but I have to approve posts before they go live. [https://www.reddit.com/r/hungryFIRE/](https://www.reddit.com/r/hungryFIRE/) + +Finally, if we think it's a bad idea and will make /r/FatFIRE less relevant, I'll delete it. But I genuinely think we need it. + +&#x200B; +[https://www.cnbc.com/2019/05/31/us-bonds-fresh-trade-tensions-and-recession-fears.html](https://www.cnbc.com/2019/05/31/us-bonds-fresh-trade-tensions-and-recession-fears.html) +There are a lot of cleaning jobs available in health care right now. We have had to basically double the amount of cleaning hours provided in nursing homes and hospitals. + +No, you will not be swimming in coronavirus. One of my own kids is taking an evening cleaning position at a nursing home. At least they screen everyone before their shifts and provide surprisingly good PPE. + +My son is an otherwise healthy 18 year old. I have no reason to believe he would be at any more risk if he were not there. Other jobs in the area are not doing daily health screening and are letting people work sick. ( looking at you, local Walmart) + + They only asked him two questions- Can you piss clean and are you a citizen? +https://www.cnbc.com/2020/07/14/moderna-says-its-coronavirus-vaccine-trial-produced-robust-immune-response-in-all-patients.html + +Great news for Moderna holders, the market at large, and the public in general! + + In the trial, each participant received a 25, 100 or 250 microgram dose, with 15 people in each dose group. Participants received two doses of the potential vaccine. + +ALL GROUPS SHOWED INCREASED IN ANTIBODIES. + +Phase 3 of testing is starting later this month. It's nice to have a very promising vaccine in the pipeline. + +This could cause the market as a whole to have a big day tomorrow, keep your eyes on the airlines and cruise stocks imo. But yeah could be very good news across the board. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +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). +Can someone teach me Market 101 for Dummies? Wth are sellers doing with their cash in hand, inflation going to melt it anyways. + +Does fear of inflation means it is actually fear of interest rates going up? +I honestly can't believe the time and dedication I've put into GME. This DD is a representation of how much I care about my 2 shares. + +The summary was going to be my morning report for tomorrow, but I've decided I'm going to write down the process I take when I think about aspects of the stock market. I hope someone finds this useful. + +**What is going on in the option chain?** + +I first make assumptions that set the boundaries of the game (Option Chain). Every action taken on the stock market is due to the actions of a player. I assume that computer algorithms are nothing but tools designed by players to take actions. Players are all human (No True Artificial or Alien Intelligence). All interactions occur between the player and the bank (I call it a bank, because it's always called a bank in a board game regardless of what it actually is). + +I then figure out the game. + +This is a betting game where you try to guess where the stock will go. + +On your turn, you will receive a Stock Price. You can then take any number of actions until you pass or the next Stock Price is received. + +To take an Action, you must first choose a Stock Price, then combine a Transaction with an Option. There are 2 Transaction types (Buy and Sell) and 2 Option types (Call and Put) for a total of 4 actions. + +Below is a table of the rewards each action will give you. + +&#x200B; + +|Transaction Type|Option Type|Reward| +|:-|:-|:-| +|Buy|Call|\+1C| +|Sell|Call|\-1C| +|Buy|Put|\+1P| +|Sell|Put|\-1P| + +At the end of the game, you will receive a table to tell you how much money each reward is worth (I'm not concerned about this with what I'm specifically looking at). + +When the Player takes an Action, The Bank must take an Action with the same Option Type but opposite Transaction Type. Both the Player and the Bank receives its Reward. + +I can go on and explain the whole option chain in detail, but this is the precursory information we really need to establish the boundaries of my Game Theory. If you're reading this, I'm assuming you know how an option chain works. + +The data that I'm looking at specifically is Delta. Delta is the amount of money an Action gains when the price of a stock goes up by $1. + +I compiled most of the Deltas from most available Option Chains. I excluded some with really low open interests to save time (I have been manually typing in data for hours and I felt I had enough data to be representative of the situation). I literally manually imputed all the numbers from TastyWorks (I know there was probably an easier way, but I had no idea where to look and I felt finding an easier solution would've taken longer than doing it the hard way). + +I have the following results: + +Total Call Delta: 6,250,000 + +Total Put Delta: -3,883,000 + +**Worst Case Scenario for Hedge Funds (This is virtually impossible, but it is I believe the upper limit and just hilarious to think about):** + +Hedge Funds Bought all Puts and Sold all Calls. + +Hard Funds Delta: -3,883,000 (Buy Put Delta) + -6,250,000 (Sell Call Delta) = -10,133,000 Delta + +Every time GME goes up $1, Hedge Funds would lose $10,133,000 + +If GME goes up by $100, Hedge Funds would lose AT LEAST $1 Billion just in the option chain. + +Again, this is virtually impossible due to delta hedging and what not, but this can give us a better sense of scale of what the Hedge Funds might be dealing with in regards to the option chain. + +**Best Case Scenario for Hedge Funds** + +Hedge Funds Bought all Puts. Bank Sold all Calls and delta hedged with stock. + +Hedge Fund Delta: -3,883,000 + +If GME goes up by $100, Hedge Funds would lose AT LEAST $388,300,000. + +Though not as much, still hilarious especially since this does not account for TENS OF MILLIONS OF SHARES that they still need to buy to close their shorts. + +**Conclusion** + +I would estimate that Hedge Funds as a whole are losing between $3,883,000 and $10,133,000 for every dollar GME goes up in price from Options and it's probably closer to the upper end. + +If GME Goes Up Back up to $483 that range goes from $1,261,975,000 to $3,293,255,000 Strictly From Options. + +I know there are a lot of assumptions being made here and the math isn't really that difficult, but understanding how this system works in the real world can help us better understand the situation very real people have put themselves in. This might help us understand just how desperate they may be and better understand some of the action being taken. I think it's safe to say that Hedge Funds might be fucked. +I lost a family member recently who never had any children. Because of this, I'm inheriting a family trust that I understand generates income every year, with an average of six figures a year. + +I'm currently in between jobs and was considering a career change before this all happened. I haven't told my boyfriend I live with yet that this is coming (he just knows there's a will that's still going through probate, and that my family member may have left me something), and I wasn't really planning to tell him about all of the details of the trust unless/until we got married. In the meantime, I've been dragging my feet on getting a new job until all the legal protocols are settled and I know for certain what is coming. I think my bf may be starting to get frustrated that I haven't found a new job yet while he works, even though I have plenty of savings and have never had issues splitting bills/activities evenly with him, but I'm starting to feel under pressure to take the first opportunity that comes, even if it isn't my dream job - just to work. + +The main point of this is - if you were to receive passive income for the foreseeable future, I'm curious what you would do with the money, and how you would spend your time and/or what job would you want to do? + +Apologies in advance if this should be posted somewhere else. +There are movements happening all over the Market 24 hours... more volume and Volatility than there ever has been. + + I Love **Bollinger Bands**... google it if you want to know more, Im not your Mom! + +There is a massive incoming upward push on **GME** *(yeah yeah you all know ... already)* + +This is confirmation... that last prickling doubt telling you maybe it wont work?.. what happens if? + +Well it will...and it is... and if your reading this your probably knee deep in shit and paddling like a toddler in a ball pool like the rest of us anyway. + +The Only Shorts that got covered, Were Ken's shorts ..when the first squeeze happened. + +Those stains are never washing out! + +Using the Bollinger Daily chart mapping, you see the RED High average, YELLOW is median and green is low average. + +Most stock follows close to yellow tips up to red and bubbles *(lines are separated and loose like a balloon)* and then falls, when it hits green it either falls to Oblivion or bounces upwards like fat kid riding a space hopper on a trampoline. + +&#x200B; + +https://preview.redd.it/mga2n69drny61.jpg?width=1033&format=pjpg&auto=webp&s=8a5c475f55a5cb2f14d16aa21fdb4f6d582cd0b3 + +**GME** Long game you see the corridor on the left post January breaking out of this choke point riding the red and dropping, typical squeeze pattern.. + +The bands tighten in March and again rides the red and falls another squeeze. Then the new corridor forms just like post January getting tighter as days go on. What happens here is it rides the yellow and tips the red over and over until something changes. + +&#x200B; + +https://preview.redd.it/wb92zhxfrny61.jpg?width=1079&format=pjpg&auto=webp&s=f9494a209b7b0269f027fc390d8c1e8708a8f3df + +And it has! its now hitting the green band, This means two things, the stock is dead or the stock is about to take a huge upshot, and this stock is not DEAD! ... + + you can look back and Chart this yourself on any stock and **GME AMC** etc to see the Highs and Falls. + +&#x200B; + +https://preview.redd.it/eurj054lrny61.jpg?width=1066&format=pjpg&auto=webp&s=9552a5f6cf5b176f69b2cca860767cf1320df4e0 + +Here is **ADA** recent Jump hitting the green after a long battle of RED and Yellow and SHAZAAM its heading up. + +&#x200B; + +https://preview.redd.it/imnok4inrny61.jpg?width=1080&format=pjpg&auto=webp&s=ba6487a73201fb99bdb2c71506a1f8630001ede3 + +**NRGU** Recent, Stalemate locked into red and yellow foreplay until some one tickles the green and WOOSH. it happened just previous to this too but my cropping skills are as + +&#x200B; + +https://preview.redd.it/vwc87a2qrny61.jpg?width=1080&format=pjpg&auto=webp&s=8ad219ec2a7be8ddfc6a6beee05d7ec262e0cb0e + +AMC are heading the same way as GME, but it seems they are slightly out of sync almost like an echo... maybe a possibility to **MOAS GME** and then **MOAS AMC** after.. maybe would need better timing data, But this is it. + + I don't think this will happen again on this scale, not in our lifetimes especially not mine I'm old, my Eldest son is writing this post as I rant and rave from my **Comfy** chair sipping Whiskey. + +Helmets on, Keep Your eye on the sky and See you on the **Darkside!** + +\*\*EDIT\*\* + + Reposted and Reformatted due to the fact I'm old and still think the Internet has a dial tone + +Charts above are mapped on Etoro because **BullTRade** and **HL** Charts are hard to show you...too much dead info Criss Crossing and scribbles around it looks like the inside of a serial killers Cell. + +**Helmets on, Keep Your eye on the sky and See you on the Darkside!** +Just imagine your trading account reading longer than an international phone. You spend the obligatory 15 hours running around in circles screaming with joy its helping people time. + +First stop, buying out game stop for the local kids hospital charity. + +Fuck everything on gamestop is sold out. Even the local stores have already been cleaned out by Apes. + +You hear a rumor from one of the staff there is a store a couple of towns over that might have some stock left. Faster than Kenny G can short a stock you speed over to the store and get there just in time to clean out the last few shelves. + +God dammit, you are going to help some kids. + +Donations all wrapped and presentable, you rock up to the local hospital only to find its already been visited. Gamestop toys and consoles as far as the eye can see. New wings of the hospital already donated. Funds for treatments and research grants over flowing with donations. + +Back in town the same is already happening. Schools and shelters rebuilt and funded. Homeless helped into accommodation and work. Everywhere you arrive other apes are already fixing things. + +The oceans are being cleaned. Local wildlife preserved and sanctuaries given new life. Nature preserves are no longer under threat and the balance around the world shifts for the better. + +The race is on to find a project to fix before it is all done. + +What a wonderfully weird problem to have. No longer a race to the bottom to salvage the last scraps, but a climb to the top to take back the lives of those around us and lift each other up. + +This will be in stark contrast to the weasels in congress who pulled the "fuck this shit I'm out." Who will also be neck deep in trading on insider knowledge. + +I will bet my highest sold share that GME MOASS starts within the next 2 weeks. Thats why they ducked out so they aren't holding the political bag. + +If MOASS doesn't launch by August 15th I will donate my highest sold share to Great Ormond Street hospital for children. + +Jokes on them, if it doesn't launch I get paid on the 15th and buy even more. + +See you in the tendie verse apes. +Since posting this my wife (professional programmer) helped review my methodology and we found a significant error that does not change the general gist of this. R\^2 since 2013 ranges from .88 to .67 on an annual basis. + +Edit: data from January 2021 onward: [https://docs.google.com/spreadsheets/d/e/2PACX-1vSx0cqTze--1GeAVTIPqzu9toqZBAauB8fDcZaGeWlOK9mU-4UnJHSKu0mPDwQIvh0dZjD-NKN\_iRyb/pub?output=csv](https://docs.google.com/spreadsheets/d/e/2PACX-1vSx0cqTze--1GeAVTIPqzu9toqZBAauB8fDcZaGeWlOK9mU-4UnJHSKu0mPDwQIvh0dZjD-NKN_iRyb/pub?output=csv) + +Friends, apes, primates, lend me your ears, for we have been poorly deceived. There has been analysis showing that GME and XRT are closely linked, but how closely has been a matter of some discussion. I ran an analysis of linear regressions on an annual basis back to the beginning of Reg SHO data in 2009, and the crazy thing is that XRT closing prices peg so ~~closely to a perfect explanation of GME's closing prices that my linear regression modelling software says that I should check the data for an error~~. it is an incredible explanation of 2/3 of GME's close price. As a control, I checked the same data against Kroger, ticker KR, which has a roughly equivalent weighting in XRT: [https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt) + +[Console output of regression modelling](https://preview.redd.it/y6ksrdevc1p81.jpg?width=620&format=pjpg&auto=webp&s=b9518afdaa120480280ce894665ac52d79113a91) + +Let's break this down: regressions measure the amount of variation in the independent variable (the stuff on the left side of the equation) against the variation of the explaining variables (the stuff on the right side of the equation). The R\^2 or in this case the Multiple R-squared is a measure of the fitness of a line drawn through the mean of the explaining variables. At first I thought, *Hey, I bet that shares marked short means something*, and oh boy was I wrong. Any combination of variables including shares marked short was only able to explain about 7% of the variation in GME's closing price. **AFTER CORRECTION THIS IS STILL TRUE.** However, it did so with some accuracy. XRT's closing price is a ~~perfect~~ close correlate of GME's closing price. This is not true of other XRT components. XRT is and has been pegged closely to the GME closing price ***since at least*** ***~~2009~~*** ***2013***. + +I'm going to throw in a gratuitous table of some of the data I compiled using Reg SHO scraping from NYSE and FINRA for this task, just so you can see what I was working with. + +&#x200B; + +[Gratuitous compiled data from scraping Reg SHO data and yahoo finance for historical volume](https://preview.redd.it/br35jclof1p81.png?width=2625&format=png&auto=webp&s=500ee6155edeb20b38091d85e48a8f1a46fecf2f) + +As you can see, I've done an enormous amount of work here, and there are some other interesting conclusions that might be made about lit exchanges, OTC, and marked short volume. However, this stuff is all secondary to the fact that ***XRT is another GME ticker***. + +So whenever you see another "XRT has crazy SI" post what you should be thinking *I wonder how they're fucking with XRT to make it match GME today, and what kinds of shenanigans that SI for what is essentially another GME ticker means for GME*. + +Tl;dr: XRT isn't just closely linked to GME, it **is** GME. + +Expertise: I worked professionally at a federal agency as a Statistician in support of Economists for 2 years. I currently write regulations in a different federal agency (for an other industry) and turn budgets into hate using projections that have a \~99% accuracy rate given an accurate description of the underlying conditions. This is my second Due Diligence post on Superstonk. + +Edit: I showed this to my wife, who is an actual programmer, and I fucked up slightly. I accidentally attached the GME yahoo finance data to the XRT data. After correcting, the actual R\^2 isn't 1, it is 0.6782. + +&#x200B; + +[I fucked up. Sorry. Still the best fit. Kroger improved to R\^2 of 0.00065](https://preview.redd.it/s9zesxde02p81.jpg?width=996&format=pjpg&auto=webp&s=3f62b8ea892918fade4ac4166c2fdf752f973f7c) + +&#x200B; + +Edit: A good suggestion by a commenter was to perform the same sort of regression with SPY. Below is that output. + +[Multiple R-squared of 0.08](https://preview.redd.it/bz9kl29fg4p81.jpg?width=884&format=pjpg&auto=webp&s=26d9791dfcc3ba2ee5aed253277ee26b97f2d065) + +SPY has a strong ability to explain about 8% of the variation of GME. + +Edit: I was suggested to look specifically at AZO and VSCO for their time in XRT. Here are their results for 2021 and 2022: + +&#x200B; + +[Less predictive ability in XRT for these two tickers](https://preview.redd.it/bctvwmsjb7p81.jpg?width=644&format=pjpg&auto=webp&s=1c7c7a40f04cafe277497fb217ee641c06e90771) +Since January I, and all of you, have witnessed history. We have seen the greatest uncovering of financial and institutional fraud ever found. There has never been this much fraud in any system since the beginning of all recorded history, since the start of time. Think about that for a minute. The smartest minds have come together to figure out the biggest amount of criminal and fraudulent activity on a global scale. For once retail investors have overcome Wall Street and we will win. There is no way out for the hedge funds, the banks, or the SEC. The only end to this situation is for a payout of millions of dollars per GME share, there seriously is no floor since we apes own the entirety of the float, and we decide how much the cost is per share. + +So prepare for the end game. Prepare for the fuckery that will be going on. Prepare for the FUD. Prepare for the shills. The media will try and convince you to sell, paper hand, and for you to convince others to do so. DO NOT SELL NO MATTER WHAT! Buy and HODL! Even if Reddit goes down during the squeeze, go to the Gangnam Style YouTube video, or just go to the Superstonk moderator Twitter accounts for more info. + +Today GameStop raised over one billion in capital. Tomorrow 002 is going live and will stop Citadel’s bullshit charade once and for all. Thursday is another T+21 launchpad date. Friday GME will be added into the Russel 1000. The amount of bullishness, buying, technicals, and order flow that is going into GME right now is making it a powder keg that’s about to explode. This is the apex of what’s been coming since 2008, it truly never ended. And I’m not saying that the squeeze is gonna happen tomorrow or the next week, but it will happen very, very soon. Get ready for the biggest times of financial history. + +And you know what? Maybe we should fucking dance. Our generation and the generations that have come before us have been getting fucked by the super wealthy and ridiculous politicians forever. It’s our time to shine, to have some fun, TO FUCKING DANCE! And to those who say that peoples retirement accounts and savings will be completely destroyed, I don’t think that’s completely true. I still have some faith in the system. I don’t think everyone’s savings and retirement accounts will be turned into nothing. We wouldn’t be fighting for massive amounts of money if we thought the economy would completely fail. There is justice, just not for the rich. GME is just allowing us to take advantage of the situation that is currently plaguing the economy and stock market. + +#The Endgame Is Here. The Economy is on the verge of collapsing. The biggest wealth transfer from the rich to the poor is about to happen. Get ready for the once in an eternity short squeeze. Be fucking relentless. Be fucking greedy. Do not sell no matter what. Apes Together Strong. Get fucking hyped. GUH! + +#Diamond Fucking Hands are engaged.💎🤲 + +🚀🚀🚀🚀🌕💸💸💸💸🐵 + +*This is not financial advice.* +Ok, there is some competition but, future competition is non existant. The regulatory hurtles, the land that would need to be baught, the man power it would take to build a new railroad network is just out of the question. + +So what are we left with? The only companies that still exist. And they are all prospering. + +Me, I chose CNI. + +Canadian National Railway. (CNI or CNR) + +Just had a huge dip after the KCS offer. Perfect time to get in while the market is down. + +If they dont get the railway, their SP should shoot back up. If they do get it, theyll have the first transcontinental railway going from across Canada down to Mexico. + +Win win in my opinion. + + +Eidt: ok ok. To everyone saying self driving or electric trucks. + +You realize CN and CP also use trucks. So they too would be using these electric trucks or self driving trucks. + + You also forget there is a lot of time saved going by rail rather than by road. + +Rails reduce a lot of traffic on the roads, if all freight were moved by trucks the roads would be a warzone. +***"You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom."*** \- Naval Ravikant + +&#x200B; + +I see a lot of discussions on this sub about which career path offers the surest (ie least risky) path to achieving fatFIRE. Law? Finance? Medicine? The reality is that the path to true fatFIRE depends less on your career choice than it does on your appetite for risk. It certainly holds true for me personally as I just hit my own fatFIRE number, not by pursuing any one of those careers, but rather by launching, growing and later selling a business. It was a somewhat risky move and the investment was considerable, but I could not have achieved it without taking the risk. + +So, I am curious. What risks did you take to achieve fatFIRE (or get on the path)? Did you leave a safe corporate gig to start your own thing? Did you invest in a startup? What stakes did you put in play to achieve your goal? +**UPDATE: I have updated with results on some US stocks in** [this](https://www.reddit.com/r/algotrading/comments/mnhaco/i_have_updated_back_test_results_with_some_us/) **post. Please check.** + +&#x200B; + +**This post is going to be long where I will give gist of my algorithm, my problem and help I need.** + +**My Background** + +I am a graduate in Computer Science and have been working in data management in a company for 10 years. I have been trading in my country's exchange using charts for about 6 years. About a year ago an idea struck in my mind: “Why not delegate this chart reading to a computer program ?” At the time I didn’t even know anything like Algo Trading existed. After trying many indicators and patterns and testing, my results were better than manual chart reading but not par to the level I wanted. After very long into this journey I found about “algo trading” and then I knew what I have been doing for so long already had a name. Gradually I shifted from chart reading algorithm to pure mathematical and statistical algorithm. + +I have been developing trading algorithms for about a year now and lost half of my capital while tuning my algorithm on real market movements. I did back testing and also did a live run after each successful test. After each trade and tune, the algorithm got more robust and I started gaining. Finally I recovered all my losses within a month and doubled the capital in the next. And It’s not from one or two excellent trades. On the contrary, I have seldom made more than 15% on each trade. But out of the last 100 trades I haven’t lost significantly on a single one (did have to exit on breakeven on few). I only go long on trades because shorting is not allowed in our country’s exchange. I am consistently gaining even when the market is correcting. The algorithm just finds the best stock on each loop to give consistent gain. I know this is a big sentence to say but I will go into details. + +**Let’s go into details of the algorithm.** + +**Assumptions and Algorithm** + +After trading by looking at the charts for many years and reading many books, I have updated many "classic assumptions" and settled with the following assumptions. + +1. Chart Patterns, Candle patterns, Divergences etc. works, but for each time it works there is another time it doesn’t work. Probably it works more than it doesn’t but the difference is so low that it’s fairly useless. After you have traded for long, you are trading more on your intuition than those patterns even when you are trading by looking at those patterns. And computers don't have intuition. So I have removed all indicators and patterns. Algorithm just uses mathematics and statistics. +2. You don’t need historical data very far into the past. If something is going to happen to the stock you can see the symptoms in current momentum. You may also see in long historical data but you just don’t need it. You can already see it in the current momentum. I have found that there are few symptoms that are common before every move. Weather the stock has corrected for long time or just consolidated for short span. No matter how the stock behaved in the past, if it is starting new move some of the features are the same. The algorithm is designed to catch it. +3. You don’t need to see the lower time frame charts or wait until the candle is closed to verify. This algorithm just uses daily time frame and applies unitary method and linear regression to check if things are being set up perfectly at the current moment. That way you don't have to look at discrete time frames like 5M, 10M, 15M, hourly etc. Using linear regression and unitary method is basically looking at continuous time frame instead of discrete, in a way. +4. It’s impossible to set a target price. You can never know beforehand what others want to do with the stock at the next price. You set a target and hit the target ? congratulations ! You set a target and didn’t hit ? Ouch! Both are just coincidences. One of them is bound to happen. But you can see new directional power at each price change and act accordingly. +5. Falling Knife is the new breakout. When stock has reached the "classical breakout area" it has already gained quite a lot. Stop losses are only required when you trade breakout. Catching falling knife when it has just started to fall is foolish. This algorithm picks up the knife after it has hit the ground and settled and you can see other people are also trying to pick it up. So you are at the ground with very less chance of falling lower by breaking the floor. Even if it tries to break the floor, you have already known there are others who want to pick it up so you can just get out with breakeven/insignificant gain-loss. +6. Volume is the biggest indicator in the rising market (Because I always go long, I am less concerned with falling market volume. I can research if allowed to play on shorts). +7. Without going into full details of the algorithm, my algorithm uses Single time frame, linear regression, volume,unitary calculations, skewness and kurtosis. I use this algorithm to scan all the stocks every minute. So instead of looking for a perfect setup in a few stocks, algorithm scans for best setup, which is above threshold, among all the stocks. I enter that stock whose setup is best and also the group in which it lies (for eg. Banking or Insurance) have good setup. It almost precludes the stock from falling. Also there is no target. Algorithm marks stock for sell when the upward power is weakened fully. So basically I work on “Directional Power”. The good thing about this algorithm is that you just need the last 21 days' OHLCV and live OHLCV. That’s it. No more historical data. So less processing power required. + +**My Problem** + +I am from a country from where I cannot legally invest in foreign markets. The exchange in my country is severely limiting. Following are the problems I am facing currently + +1. No Intraday : In the exchange I trade you don’t get your stocks immediately after you buy. The settlement is T+2 and you get your stocks after the seller gives his stocks to his broker and his broker gives to your broker and then to you. So you get your stocks after 3 days. Almost every time I buy stocks, it goes up the same day or next day. Some stocks stay up, some come down back and I get only marginal gain. But if I had got the stocks immediately, I could have known that upward momentum is finished and I have sold the stocks. This has severely limited my gains. I have calculated that about 30% stocks i pick comes back after rising rigorously. I could have gained a lot if I got my stocks quickly. +2. Data and API : Also the exchange doesn’t provide API for data and trading. I have codes to scrape data from website. But the website sometimes doesn’t work and sometimes the data lags from actual trading data by more than 10 minutes so it creates a problem. Also I have to trade manually as there is no API for trading. Even though if it had, it would be useless because of the settlement of 3 days. +3. No shorts allowed, so I am limited to only one sided trading. Although I find few stocks that are rising even when the market is falling but this severely limits the power of the algorithm. + +**Help I need.** + +1. I want to test my algorithm on bigger and more algorithm friendly markets but citizens of my country aren’t allowed to legally invest in foreign markets. So I am unable to invest in other markets. +2. I use [Tulip Indicators](https://tulipindicators.org/) and my codes run on NodeJS and I maintain data on MariaDB. I can of course transform them to any other programming language, if given a chance. +3. To run the algorithm in US stock exchanges I need data of at least 21 days historical OHLCV and live OHLCV of many stocks (preferably all). I suppose this is only available after you pay which I cannot as I am not allowed to do that from here. +4. I am eager to research more on this method as it is a new kind of methodology(as far as I know). I know it’s impossible that others haven’t tried and successfully applied, but I also have tested this working model successfully which I want to run on a more suitable market for mutual benefit of me and the company which allows me to. +5. I have searched for any University/Colleges where I can research more on this or any Company which provides opportunity for trying and testing this in the US but haven’t found any. If anyone can point me to the right direction I would love to build a career on this. I think I have something, but I am unable to unleash the potential because of the exchange/country I am limited to. +# ADDENDUM- Q&A + +# Hey everyone, I wrote this section as purely a response to the hundreds of questions, comments, and rebuttals I received over this series. They are listed in no particular order, and I do my best to answer each point as concisely and accurately as possible. + +Updated Complete Table of Contents: + +* [Part 1.0: The Global Monetary System](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 1.5: Triffin’s Dilemma and the New Rome**](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 2.0: Reflexivity and the Shadows of Black Monday**](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) +* [**Part 2.5: Derivatives and the Alchemy of Risk**](https://www.reddit.com/r/Superstonk/comments/o72fc1/the_dollar_endgame_part_25_the_ouroboros/) +* [**Part 3.0: Debt Cycles and Great Depression**](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 3.5: The Money Illusion**](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.0: The Weimar Republic**](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.1: Nightmare of Hyperinflation**](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.2: Financial Gravity & The Fed’s Dilemma**](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.3: Economic Warfare & The End of Bretton Woods**](https://www.reddit.com/r/Superstonk/comments/stz5lm/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 5.0: A Story of Fire & Ice: The Finale](https://www.reddit.com/r/Superstonk/comments/z8wus9/hyperinflation_is_coming_the_dollar_endgame_part/) + +&#x200B; + +&#x200B; + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +# Jeffrey Snider- QE is not money printing! QE is the creation of bank reserves which are swapped for commercial bank assets within the financial system. These bank reserves CANNOT be spent in the real world. + +Ok, a lot to unpack here. First, in a TECHNICAL sense you are correct- QE does not create money in the form that normal people think of as money. No physical cash is printed and shipped to banks, instead the Fed “prints” by adding entries to their internal SQL ledger and exchanges these new entries for assets. These entries are bank reserves, and like I have already described, are exchanged for assets, mostly Treasuries. + +They can’t be immediately “spent” into the real economy- THEY ARE A FORM OF MONEY, but they are trapped exclusively in the financial system, within the markets. Joseph Wang, former Senior trader at the Fed, describes this best, explaining that we have [a two tiered money system- the bank reserves trapped at the Fed, and commercial bank deposits that the rest of us can access. ](https://fedguy.com/two-tiered-monetary-system/#:~:text=We%20have%20a%20two%20tiered,everyone%20else%20(bank%20deposits).)These two systems interact and work with each other to provide liquidity and funding. + +This doesn't disprove the Dollar Endgame hypothesis- because they can be turned into real economy dollars through the Treasury. This is why high fiscal deficits are the key to extreme inflation- it’s a pairing of the money PRINTER with the money SPENDER. + +When the Treasury issues bonds, they receive funds as consideration in the form of commercial bank deposits. These commercial bank deposits CAN be spent in the real economy! **Or else what is the point of all this? Why would the government issue debt for money it cannot spend on real world essentials like tanks, bridges, pensions or hospitals?** + +&#x200B; + +[QE into Bank Deposits](https://preview.redd.it/loztqz11xi3a1.png?width=735&format=png&auto=webp&s=0280711a8c9b60f813a1d0d9c563e945aacf38ac) + +**Through this process, the banking system and Treasury paired together turn Bank Reserves, which can only be held by commercial banks at the Fed, into deposits, and then into funds in the Treasury General Account, which can now be spent in the REAL economy.** + +The Treasury is the missing link- which is why in 2008 we didn’t see widespread inflation, because the massive tsunami of QE was trapped within the financial system and could not be spent in the real world. We saw inflation in financial assets, but nothing else. + +**Once the Treasury is underwater and is continually incurring significant fiscal deficits, and the Fed is monetizing these deficits through QE, that is when we see a massive increase in inflation and a resurgence of the vicious feedback loops that propelled countries like Weimar Germany to monetary doom and hyperinflation.** + +That's why we even had widespread inflation in 2021 and 2022- the Treasury borrowed AND the Fed printed fresh cash to monetize the debt. And this cycle will continue. + +&#x200B; + +# Macro Alf- The true risk is deflation, not inflation. Macro indicators point to a global recession on a scale not seen since 2008. The destruction of aggregate demand will push inflation down to 0 and then below. The Fed will hike us out of inflation. + +I am not surprised that many believe this, as all mainstream economists in the late 1960’s believed that stagflation was impossible, or that the dollar could never de-peg from gold. Of course the macro indicators point towards deflation- central banks are hiking rates into 356% global debt to GDP, oncoming recession, energy crises, and war. However, what you and many others completely fail to understand is the entire point of the Central banks. + +They DO NOT exist to “maximize” employment. + +They DO NOT exist to “minimize” inflation. + +**They exist to backstop the banks, markets, and most of all, the federal governments via money printing.** + +**They care about “financial stability” more than anything- to them, this means the Treasury has enough cash to roll over its debt, and the banks have enough cash to meet redemptions.** + +**Just look at their actions! Honestly, who cares what they say, state, proclaim, or announce. Everytime there is a financial crisis, they find another excuse, another reason, to turn the money printer back on.** + +**Do you REALLY think that if the Treasury defaults on its debts, and all Treasury bonds enter freefall, that they’re going to sit back and do nothing?** + +**They have printed TRILLIONS for FAR LESS.** + +**Treasuries are the backbone of the global financial system. They are used as collateral in the Eurodollar market, they are held by sovereign wealth funds, used to fund FX swap transactions, and most importantly fund the largest military superpower the world has ever seen.** + +**The Treasury rate is used throughout finance- described as the “risk free rate” ; they are used in almost every valuation metric, including Option Pricing Models, Backsolves, GPCs, DCFs, etc. I would know- this is the industry I work in!** + +**The importance of this asset CANNOT be understated. The Fed will do anything to prevent a deflationary collapse- and they will have to print, as we have already covered, the US Treasury is already bankrupt, deep underwater with $31T of Federal Debt, and $163T of unfunded liabilities.** + +**To prevent a bankruptcy, the Fed will print WHATEVER IT TAKES. This money will be spent in the real economy, as fiscal deficits are at all time highs, and inflation will spike higher, EVEN as the economy contracts while the Fed continues hiking.** + +**Just look at Argentina- they have** [**83% inflation**](https://tradingeconomics.com/argentina/inflation-cpi)**, and they have** [**75% interest rates!**](https://www.cnbc.com/2022/09/16/argentina-hikes-interest-rate-by-550-basis-points-to-75percent-after-inflation-overshoots.html) **THEY ARE HIKING AS HARD AS THEY CAN AND IT DOES NOTHING.** + +**It all leads back to a** [tweet](https://twitter.com/peruvian_bull/status/1578028375880634374) **I wrote awhile ago-** + +&#x200B; + +[The Debt Paradox](https://preview.redd.it/f1s6q3jixi3a1.png?width=653&format=png&auto=webp&s=0eaf7b88fb45b2a8f8d0fa42d731830d33bdb66a) + +**So no, the Fed hiking will not lead to widespread deflation- the Treasury will break before that happens, and the system will be flooded with money.** + +**And ironically the higher and faster they hike, the quicker the largest borrowers in the world, the federal governments themselves, become bankrupt.** + +**We are in a macro environment that is more indebted than any other time in human history. The higher they raise rates, the more interest is due on all these debts, and to prevent a collapse greater than the Great Depression, the central banks have to print MORE.** + +**Thus hiking rates ironically really does nothing in the long term to fix the situation. It may slow inflation in the short term but it dooms the central bank to print more in the long run in order to stave off Treasury collapse.** + +**NO WAY OUT** + +&#x200B; + +# All this inflation is caused by corporate greed. Large companies with monopolies are hiking prices to take advantage of people. It’s all a scam. But not the Fed. + +Look, I completely understand where this is coming from. A ton of corporations have taken advantage of their market share to hike prices, garner unfair profits, and even fire workers without cause. + + +This much is true. However, the broad increase in prices of everything, from lumber, to coal, to computers and food, is NOT due to soulless companies- it is due to a 40% rise in M2 money supply financed by the Fed! Milton Friedman said it best- “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” + +Restaurants, small businesses, real estate, family farms, plumbing companies, and many more distributed industries saw large increases in prices charged to consumers in the last 2 years- this is without major monopolies controlling the majority stake! And for those who would posit that this inflation is “just due to the war in Ukraine” and gas disruptions from Russia, may I remind you that inflation was already at [7.5% per the BLS in January 2022](https://www.bls.gov/opub/ted/2022/consumer-prices-up-7-5-percent-over-year-ended-january-2022.htm#:~:text=Over%20the%2012%20months%20from,month%20period%20ending%20February%201982.), before the war had even begun! + +It’s easy to blame businesses for this phenomenon, and like I stated- there are definitely some firms guilty of price gouging consumers and labeling inflation. But your local small deli store or carpentry shop aren’t raising prices to hurt you, they’re doing so because the price of all their inputs are rising- and thus what they charge to consumers must rise as well. + +**If deflationary collapse occurs or the government defaults, we can repeat the Bernanke playbook post 2008; just lower interest rates again to 0% to ensure Treasury solvency.** + +This is a common counterargument. However it falls prey to the exact same conundrum that was discussed earlier- namely how everything the Fed does to avert disaster would make the situation worse, not better. + +By lowering interest rates to 0%, this stimulates loan demand and therefore credit creation, which spurs an increase in money supply as the banks lend money into existence. Everyone goes to take out loans, buying cars, houses, food and essentials on credit. Debt burden thus increases in the system overall, making it even harder for the Fed to raise rates in the future. + +And this serves to incentivize the Treasury to borrow and spend even more recklessly, as they have the excuse of low interest rates to finance government spending. ALL this does is only slightly delay the inevitable and make the problem worse, not better. + +Furthermore, this credit boom increases inflation as new money is created and pumped into the system. So it doesn't even solve that problem. + +The fundamental issue, stated again and again, is that the Treasury is underwater and is spending out the wazoo, and as inflation continues to rise, Treasury spending will continue to rise and thus borrowing will increase. + +Lastly, let’s talk about the elephant in the room- the bond market!! If the Fed implements Yield Curve Control, similar to what the Bank of Japan did to their market, then they would effectively push bond yields down, but the price would be promising to do infinite QE to buy any bond with a yield above the set amount. + +Who wants to buy 0%, or 0.5% bonds, when inflation is 8%? Nobody- so the Fed will have to be the buyer of only resort, which means they will effectively monetize all Federal deficit spending. QE will thus steadily increase for the foreseeable future as the entire bond market gets eaten by the Fed. + +&#x200B; + +# Money velocity is insanely low and keeps dropping. The idea that inflation can accelerate with falling velocity is asinine, and thus inflation will subside back to 2% within a year or so. + +&#x200B; + +[Money Velocity](https://preview.redd.it/onr0sfhi1j3a1.png?width=1283&format=png&auto=webp&s=aae5ebcc308c9d4b06e9cef63c96d42f61257d22) + +This is another common argument, especially among those who are educated in economics. At first glance they seem correct, [as the chart above from the Fed demonstrates](https://fred.stlouisfed.org/series/M2V), there appears to have been a massive collapse in money velocity since the late 1990s and especially since COVID. + +What they fail to understand is that the manner in which money velocity is calculated is extremely flawed. Instead of using the actual transaction volume of the economy divided by GDP (which would be difficult to do, but could potentially be done with data from Visa and Mastercard as well as ATM txs), they calculate it as + +“the ratio of quarterly nominal [GDP](https://fred.stlouisfed.org/series/GDP) to the quarterly average of [M2 money stock](https://fred.stlouisfed.org/series/M2SL).” + +Thus, the denominator is the money supply- and as money supply expands, the equation forces “money velocity” lower and lower. This equation works well enough if you have stable GDP growth and flat or miniscule money supply growth; but it blows out as soon as we see massive money printing like we did in 2008 or 2020. The estimate therefore goes LOWER as money supply INCREASES, which is ironically just the opposite of what happens in reality! + +Just take this equation to the real world- if countries like Venezuela who have hyperinflation suddenly use this metric, they would theoretically REDUCE money velocity by printing more money. The velocity there, with money supply growth over 5000% YoY, could easily be infinitely near zero- estimating that 1 Venezuelan bolivar only changes hands every century. + +If you go in the streets or talk to the people living under this monetary hellscape, you will see that they spend every dollar the DAY they get paid- as prices will change hour to hour, day to day. They treat their currency like melting ice cubes in the hot tropical sun; they must be used immediately or else be completely wasted. [See this documentary for examples. ](https://www.youtube.com/watch?v=9qdO2pFoGgw&ab_channel=RealVisionFinance) + +These kinds of illogical, nonsensical equations can only be thought of in the ivory towers of academia and banking institutions which are protected from the consequences of the real world. None of this works in practice. + +So no, money velocity didn’t really fall THAT far in 2020, it just appears that way due to the way it is calculated. Now, did it fall somewhat, maybe 10-20%?? Sure! But that can only be determined by looking at live transaction data on the real economy, not arcane equations made up by the Fed. + +So many PHDs and so little common sense…. + +# QE is a net good for the economy. It creates a wealth effect and thus stimulates aggregate demand, increasing prosperity and asset prices for all. The rising tide lifts the boats. + +This is another common argument I see from the Neo-Keynesians. Let’s remember first that QE is a completely new experiment- it was not used during the 1800s and early 1900s for example, where America entered the Gilded Age and experienced some of the fastest economic growth in human history. It wasn’t used during the 1950s or 60s, another period of rapid development. So we were able to achieve massive economic growth WITHOUT centralized banking or money printing- in fact, I would argue that on a percent of GDP basis we grew faster during these times and the average worker experienced far more prosperity than now. + +It’s only been used at scale post the 2008 financial crisis and into the “lost decade” of the 2010s and 2020s that we are currently experiencing. The thesis was by boosting asset prices we therefore boost the economy; but this is asinine on several levels. First, WHO holds the assets? Recall that the top 10% of Americans hold 84% of all registered stocks on exchanges. They also hold the majority of the land, housing, businesses, and debt instruments. Goosing asset prices higher only directly helps these economic elites- it does little for everyone else. + +Besides, this creates the “[credit boom](https://mises.org/library/boom-and-bust-0?gclid=Cj0KCQiAyMKbBhD1ARIsANs7rEHA4P5xzXdajxdU7QqeMzBgtrn4ytecTQVVPCZ1ZyCeCtoPWzKyGrgaAuqEEALw_wcB)” that Mises described- an artificial rise in asset prices solely due to central bank interference. It is not based on true economic productivity. + +The Fed creates no new factories, they create no new jobs, no innovations, no startups. Instead they create cheap money which “funds” these things- but as the price of money gets distorted, so do investments, and thus unprofitable and useless projects are built up with debt. + +This results in a phenomenon similar to the Chinese “ghost cities”- entire sections of the economy built without need or purpose, and worse, they waste limited commodities and energy to create. + +When the debt cycle rolls over, as it always does, the debt must be paid, and the assets that are liquidated are found to be near worthless- a waste of time, energy and resources. + +**QE therefore harms the real economy and enriches the wealthy at the same time. It cannot be said to be capitalist or socialist; it is simply plutocracy and kleptocracy; crony capitalism where the wealthy steal from the poor and foot them with the bill.** + +&#x200B; + +# Even if inflation gets a bit high, it won’t and can’t get worse. The system will be fine, and the Fed hikes will cure the situation. It’ll be rocky for a little bit, similar to the stagflation of the 1970s, but we’ll get through this and in a few years it’ll be back to 2%, no problem. + +The issue with this argument is one of scale. Sure, in the late 1970s and early 1980s, the Fed, under the reign of Volcker, was able to hike rates to the 20% range, but debt to GDP at the time was 30%- not the mammoth 132% we have now. + +Besides, this doesn't take into effect the slippage that will occur in bond markets- as the Fed continues to hike, bonds will selloff hard, racing ahead of the Fed and moving rates much higher, much faster than the Fed anticipates. + +With $31T of Federal debt, this means interest expense will spike; thus the Treasury must borrow MORE to rollover existing debt and in doing so lock in higher coupon payments, OR they must ask the Fed to pin interest rates LOW, in a policy called Yield Curve Control, but this requires infinite QE as every time the yields peek their head above the target interest rate, the central bank must print as much money as needed to buy bonds, forcing rates back down to the target. + +**The Bank of Japan is currently experimenting with this policy, and it is creating an emerging markets currency crisis for them.** + +Besides, this ignores the basic feedback loops that take place once inflation rises above 2 or 3%- first, the inflation expectations loop, where people frontload purchases, driving up prices. + +Next is the Treasury feedback loop- more inflation means deficit spending increases, which means more government borrowing, which means more QE, which means more inflation. + +After that is money velocity- as inflation increases and people lose faith in the currency the speed of transacting in the money starts to increase. This increases inflation as the dollars get turned over faster, and are able to bid more products within a given timeframe (say a month or a year) + +Next is the wage price spiral, where prices rise, forcing workers to strike or demand higher pay, which is usually eventually given, which increases business costs, which forces higher prices, repeating the feedback loop. + +**Long story short, once the inflation genie is out of the bottle, it is very hard to put back- and it usually begins to grow a life of it’s own. These processes feed on each other exponentially.** + +**Worse yet, like already stated, there is $31T of federal debt, $20T or so of Eurodollar debt overseas, and $166T of unfunded liabilities owed by the US government - all debts which must be paid in dollars, which must either be paid through taxation or the printing press. Passing new tax laws during an economic downturn is essentially political suicide, so the printing press is the likeliest answer here.** + +The REAL risk for hyperinflation lies in the international community finding another World Reserve Currency - if this happens, either slowly or over time, the global DEMAND for dollars switches into global SUPPLY of dollars as USD positions are liquidated in favor of the new global reserve currency. + +The dollars are now dumped for real goods and services- and the strong tailwind of demand becomes a headwind of supply as USDs flood back into America, bidding up prices of land, food, manufactured goods etc. The scramble becomes a stampede and the entire system unwinds as trillions of dollars flow back to the States, causing a massive whiplash in inflation and further pushing the US Treasury into deficit spending, thus causing more money creation, and more inflation, in a vicious feedback loop. + +Again, this process may take years to play out- but no reserve currency has lasted forever, and the inherent structural defects explained by Triffin’s Dilemma cannot resolve themselves. All currencies come to an end. + +&#x200B; + +# What would the effect of a CBDC (Central Bank Digital Currency) be? Would it be able to be used to “reset” the system? + +I am being completely honest and transparent when I say this- CBDCs must be resisted AT ALL COSTS. Most people are completely blind to the level of Orwellian control that this sort of technology would implement over the populace. + +Remember, Keynesian economic theory rests on stimulating spending and consumption, and utilizing government deficits and central bank money printing to pull economies out of depressions. It arose from a need to get the US and Britain out of their 1930’s economic contraction and into a strong economic position in order to fight World War II. The Keynesians believed the best way to stimulate spending would be to cause inflation, as this would force people with “hoards of cash under their mattress” to go out and spend these funds before they lost more value. + +There was no way to centrally force people to spend- they could just increase money supply and pump that money into the economy by government spending in order to hike inflation up and as a second order effect, produce higher spending patterns. + +They’ve always wanted more control over spending- and a CBDC would get them there. With a CBDC, they would eliminate the need to have banks, credit unions or trust companies- you would essentially just make a direct account with the Fed. The Fed would be able to create new policies, written in code, that would enforce certain actions on your deposits. + +They could program in a 1% weekly negative interest rate- the balance would decline by 1% a week in perpetuity, and thus you would be forced to spend or invest it unless you wanted to see your money disappear. + +They could enforce taxes directly to your account. You buy cigarettes? That’s unhealthy and against their guidelines. $15 taken. Alcohol? Doesn't promote work ethic- $10. New car? That’s bad for the environment. $1900. + +They could even ban travel, remove the ability to buy firearms or food, and reduce your ability to use healthcare services. + +The issue is not whether these things are good or bad- there are arguments to be made for reducing consumption, buying used cars, reducing environmental waste, etc. + +The issue is that to force these policies on the people via a CBDC would grant the Fed and Treasury virtually unlimited, Orwellian power to control and command almost every aspect of a citizen’s life. **Freedom of speech would now be an afterthought- who cares about the protest if no one can buy a bus ticket, Uber, or gas to get there??** + +**And the worst thing is these extreme neo-keynesian economists ACTUALLY THINK this would be a good thing! “Think of all the policies we could implement! We could ban smoking, we could reduce travel, we could lower CO2 emissions directly! We could even eliminate the IRS as we can tax people directly from their bank account!”** + +In my opinion, the economists who support these kinds of policies are nothing but grifters, frauds and cronies of the lowest sort- those willing to force total financial control on the populace so that their “theories” can be tried in real time, on real people. + +Furthermore, I think it would be incredibly difficult for them to “reset” the system. Monetary resets have happened before, but usually they occur only under the most difficult and strenuous of circumstances, and involve an issuance of a new currency that is some fraction of the old one- for example, in Peru, due to the bad state of economy and [hyperinflation](https://en.wikipedia.org/wiki/Hyperinflation) in the late 1980s, the government was forced to abandon the inti and introduce the sol as the country's new currency. + +The new currency was put into use on July 1, 1991, by Law No. 25,295, to replace the inti at a rate of 1 sol to 1,000,000 intis. Coins denominated in the new unit were introduced on October 1, 1991, and the first banknotes on November 13, 1991. The new currency was basically a reverse stock split of the old currency- and if a monetary “reset” occurred in this manner, the only intended effect would be to boost confidence in the currency and thus shore up bank deposits, slow down monetary velocity, and reduce inflation. + +The “reset” would likely hurt the working class the most- as some wealthy government elites would know about it beforehand, they would sell their assets for another currency, wait until the conversion, and then re-buy the assets with the new currency. The old currency, the Inti, quickly became completely useless as everyone switches to the new system. + +I’ll be honest, I’m not exactly sure what a CBDC “reset” would look like, as it has never been tried before. I think the main issue is the debt- does the debt get converted as well? If so, then the problem may not be really solved. If you convert the debt at 10:1 and the currency at 10:1, what has really changed? + +Nothing- and therefore likely what they would do is apply a different conversion rate to debt to de-lever the system and wipe at least some of it out. But this is all speculation. + +(You didn’t hear this from me, but there has already been a covert war on cash and ATMs from the CIA, look up Operation Choke Point). + +**CBDCs must be resisted. At all costs.** + +&#x200B; + +# Just cut government spending down to zero, or close to it! This would solve the issue. + +**This is another common counterargument- the hyperinflationary feedback loop rests on government deficit spending, which increases during inflation, resulting in more borrowing, and thus more money printing, and thus more inflation.** + +**If we cut government spending enough to drastically reduce deficits, we would essentially be gutting our own economy, and very quickly bring on a Great Depression. The only “tool” that we have to escape a Great Depression quickly IS government spending, and thus we would be in for a long, hard downturn with severe unemployment and price collapse.** + +Remember the equation for GDP: + +&#x200B; + +[GDP Equation](https://preview.redd.it/925a46ex1j3a1.jpg?width=733&format=pjpg&auto=webp&s=704c1ed238fc9649cb47e2711bd5c7cc719fe467) + +**Government spending is part of the value add of the formula FOR GDP. Thus, if we reduce government spending, all else being equal, we REDUCE GDP.** + +According to data from the St. Louis Fed, Federal Net Outlays are currently 29% of GDP, in 2021 data. Thus, if we were to severely slash government spending, we would see a reduction of 25% or so. To get rid of the deficits, we would have to slash so much spending that we would basically immediately see a collapse of 15.96% of GDP within a few weeks. + +As all things do in economics, this would have immediate knock- on effects. Government contractors, like Boeing, Lockheed Martin, or Raytheon would quickly lose huge revenue streams. Massive layoffs would occur across defense, infrastructure, social services, and more- and within a few months GDP would drop another 10% or so. + +This would spur on a deflationary wave similar to the Great Depression. Unemployment would soar- bringing all the issues with it, the soup lines, homelessness, crime, collapsing house and business values, and political upheaval. If the FDIC did not step in to print enough money to shore up the banks, there would be widespread bank runs as the capital reserve requirement for banks is 0%- and most banks only hold 2-5% of reserves in cash to pay out to consumers who want to redeem their deposits. + +**In my opinion, all this is besides the point- the government will NEVER cut spending this much, and create this severe of a depression, to stave off a crisis they believe cannot occur.** + +Firstly, most government spending is mandatory- per the [Government Accountability Office, 70% of federal outlays are already earmarked and must be spent](https://www.gao.gov/federal-budgeting). To reduce the size of these programs would basically require an act of Congress, a bill passing through the House and Senate and signed by the President. + +The other 30% of discretional spending is very hard to cut as well- lobbyists, corporations, citizen’s rights groups, unions, and other powerful interests will do anything in their power to ensure that the money continues to flow into their coffers. + +Besides, some of these programs are good, or at least appear good! Imagine the political backlash if a House Rep proposes to cut food stamp benefits, or funding for the DEA, or National Parks Service. + +Remember who runs our country- and these people will do virtually anything to prevent the money spigot from turning off. They do not believe, or maybe don’t even care, if extreme inflation comes. They are benefiting from the structure of the current system- why would they change it? + +&#x200B; + +# Delete all the debt! + +The basic equation learned in first year finance and accounting programs is this: + +&#x200B; + +[Accounting Equation](https://preview.redd.it/fx5zh8772j3a1.png?width=508&format=png&auto=webp&s=698a14ce26a9e14043c106c48578bfbd83843af8) + +**Thus, for every asset there is a liability or equity. If you destroy one side of the equation, the liability side, you simultaneously destroy the other side of the equation, on someone else’s balance sheet!** + +Treasury bonds are debt, and a LOT of them are held by Boomers in retirement accounts. Even if we could go in and somehow “delete” the bonds and annul the coupon payments, this would be tantamount to deleting assets of these retirees- and what will they have to retire with then? The retirement accounts would lose trillions of dollars worth of value! + +**There is no easy way out of this trap. Remember, in a debt based monetary system, most money is actually credit- the only “real” money that is not someone else’s liability is cash, but his makes up for less than 3% of total money supply. Imagine if we had a 97% reduction in money supply within a few months- the pure economic catastrophe that would occur is unimaginable.** + +Besides, remember debt based instruments, like Treasury bonds, are literally the collateral that holds this whole system up. There is $2.2T in reverse repo secured by Treasuries, and most of the Eurodollar market, as well as the interbank repo market (which blew up in September 2019, spurring a Fed rescue). Wiping out the debt would also wipe out the collateral which underlies the entire financial system. + +It’s all intricately linked together, like a wired bomb- remove any connection, and the whole thing can blow. That’s not to say that this would be impossible, just that it is very unlikely to be taken as a serious response to the crisis. + +&#x200B; + +\~\~\~\~\~\~ + +# This is the end of the first section of the addendum. the next section will be uploaded next Monday. + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +# You can follow my Twitter at [Peruvian Bull](https://twitter.com/peruvian_bull). This is my only account, and I will not ask for financial or personal information. All others are scammers/impersonators. + +BUY, HODL DRS GME. POWER TO THE PLAYERS. +We keep our finances separate because it's easier for us to organize things that way. I've dropoed basically all of my savings/fun money into GME, and haven't mentioned a word of it to her partially because she has pretty strong risk aversion. She also never has good dreams. She just told me that last night she had a dream where she woke up and had $200,000 in her bank account, and paid off her credit card and her student loans, but she had no idea where the money came from. + +I don't know about you guys, but that sounds like confirmation of moon soon. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌛 + [bduy](https://www.reddit.com/user/bduy/)[7 minutes ago](https://www.reddit.com/r/Superstonk/comments/muzbp3/new_dtc_rule_came_out_dtc2021007/gv8vcid/?utm_source=reddit&utm_medium=web2x&context=3) + +When settling debts between parties, the current system allows an + +"agreement between the parties provides for an adjustment unknown to DTC. The parties can settle the adjustment away from DTC or one of the parties can submit a manual adjustment via the APO service. Unfortunately, manual processing of adjustments via the APO service is subject to a number of shortcomings. For example, the adjustments are not subject to DTC’s risk controls" + +They are trying to make the debt claim process more transparent and streamlined, especially with their own risk parameters. + +TLDR: DTCC wants everyone to be like the Lannisters. + + +\---------- + +New DTC came out DTC-2021-007 Don\`t know what this is Anyone have an idea? + +[DTC-2021-007](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-007.pdf) + +DTC + +Update the DTC Corporate Actions Distributions Service Guide + +[https://www.dtcc.com/legal/sec-rule-filings](https://www.dtcc.com/legal/sec-rule-filings) +I followed the steps of this video --> [https://www.youtube.com/watch?v=fd\_emLLzJnk&t=30s&ab\_channel=LearntoInvest-InvestorsGrow](https://www.youtube.com/watch?v=fd_emLLzJnk&t=30s&ab_channel=LearntoInvest-InvestorsGrow) + +&#x200B; + +My DCF Google Sheet --> [https://docs.google.com/spreadsheets/d/1q41YhXoloNWEDSnuGX-oDfJrb8RaqDHth4D8Y5LvjSY/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1q41YhXoloNWEDSnuGX-oDfJrb8RaqDHth4D8Y5LvjSY/edit?usp=sharing) + +&#x200B; + +&#x200B; + +Note numbers are in milions, used 10k and Yahoo Finance data. + +&#x200B; + +I think it might be due using too conservative net margin, FCF/Net income and revenue growth ratios? + +I think It's valuing like 5.8 P/E which is crazy, but considering my conservative estimates forecast a 22 milion in FCF drop, well makes a bit more sense. + +If someone could take a look, please. I don't know accountability and I'm a bit dumb. + +&#x200B; + +Thanks! + +&#x200B; + +PD: I'm playing modifying net income margin to 29% expected, and 89% FCF/Net income to 89%, and revenue growth for 2024 and 2025 at 15%. Still, values me the stock at 48 $. Wtf + +EDIT : I didn't calculate Terminal Value properly, not applying the perpetual growth. Now give value near 60 usd. If using more optimistic numbers, can easily climb to 98 usd, but this doesnt make much sense to me. I'll keep training and doing these, but as some said, too many assumptions. for deciding to buy or not, I'd rather look trend of revenues FCF, income and healthy balance sheet and then learn the business and try to figure out if it can sustain this growth, what company expects, new business opportinitoes or risks. And the consider valuation through multiples vs past. +Netflix is the first disruptive company that I'm valuing and I'd love to get your opinion on it but also suggestions for companies to value in the future. + +Based on my model, the intrinsic value per share is $374 (compared to the current price of $527). + +Below is a link to my video where I explain my approach and go through all the details. + +[https://youtu.be/InFj3GYoZdE](https://youtu.be/InFj3GYoZdE) + +I'm looking forward to hearing your feedback! + +&#x200B; + +This is my 7th Casual valuation after iRobot, Coca-Cola, Target, Etsy, Clorox, and Verizon. +Given this is a value investing group I thought it may be interesting to hear opinions on why members of this group chose this particular style. The style has outperformed growth over multiple decades except for the most recent decade (2009-2019). Curious to see hear thoughts/opinions? +Hi /r/ethtrader! Thank you for reading! + +In the last two months since I posted here, my team and I have been hard at work trying to make everyone's lives a bit easier for cryptocurrency and tax. In fact, we will be able to launch some tools this summer that will help optimize your trades from a tax perspective - as you make them. We think there's a chance we could even make it tax advantageous to use crypto vs. fiat... more on that later. For now, we would love to get your feedback on what we're working on. + +> The TLDR: [We made Cointaxes so you can estimate your tax liability and whether or not you have FINCEN obligations for free on our site](https://www.cointaxes.com). It was important to make this summary information free because our mission is create confidence and certainty around cryptocurrencies. + + +Please let me know if you have any questions or comments (I'll probably respond to every comment here!) + + +> [**Watch a Cointaxes' YouTube Series answering the top questions**](https://www.cointaxes.com/guide) How are cryptocurrencies taxed? Why should you pay this year? Am I taxed when I convert into fiat or pull money out of my exchanges? What about mining and airdrops? All this and more is covered! + +> **We launched a tool to help measure your FINCEN requirements for FBAR & FATCA** + +In my last post, I mentioned a "fun" fact around FINCEN requirements. The media is talking about this more [(i.e. CNBC - "How cryptocurrency investors could find themselves behind bars")](https://www.cnbc.com/2018/04/09/how-cryptocurrency-investors-could-find-themselves-behind-bars.html). The good news is it's really simple for the ledger technology we built to check if you cross the $10,000 or $50,000 thresholds. On our [site, Cointaxes,](https://www.Cointaxes.com) you can add your exchanges and then check if you have crossed the threshold. Importantly, we wanted to make this critical information available for free. Particularly because the the deadline is April 15. + +If you fail to file the FBAR, the deadline will be extended to October 15. You can read more about this on official government sites [General FBAR information](https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar), [FBAR FAQS (not super helpful IMO)](https://bsaefiling.fincen.treas.gov/docs/FBAR_EFILING_FAQ.pdf) and the [online form itself](https://bsaefiling1.fincen.treas.gov/lc/content/xfaforms/profiles/htmldefault.html). + +> **About Cointaxes** + +Cointaxes was formed and funded with the mission to establish confidence and certainty around cryptocurrency. We have a base tax preparation tool with support for Coinbase, GDAX, Binance, Bittrex, Poloniex, and Kraken. + +[We made Cointaxes so you can estimate your tax liability and whether or not you have FINCEN obligations for free on our site](https://www.cointaxes.com). Your detailed reports or Form 8949 for tax filing is behind a modest paywall compared to what we've seen other tools out there charging. + +We see global adoption of digital currencies as an inevitability. The uncertainty lies in how effectively and smoothly this once-in-a-lifetime shift occurs. As a tax preparation service, we have a special seat in the cryptocurrency ecosystem directly related to this uncertainty: it is our job to help both citizens and governments around the world understand how to use and treat digital currencies. + + +* We will regularly invite regulators, lawyers and tax experts to private discussions and public webinars to ensure you will have a firm understanding with each regulatory shift as the world adopts cryptocurrencies. + + +* We will conduct proprietary research and publish Cointaxes Guides to answer questions you may have about using your digital currency. + + +* We will provide [high quality cryptocurrency tax preparation software](http://www.cointaxes.com) for individuals and tax professionals. + +> **If our mission excites you** + + +* Please know that we are hiring. Contact jobs@cointaxes.com with a resume and cover letter. + + +* If you're are regulator or a crypto-experienced legal or tax professional, please contact experts@cointaxes.com with some background information and reason for connecting. + + +* Please consider following us on [Twitter](https://twitter.com/cointaxes) and liking our [Facebook page](https://www.facebook.com/cointaxes/)! + + +> **Newsletter update** + +If you want to stay on top of regulatory and tax related crypto news (as well as when we roll out shiny new tools) then [consider subscribing to our newsletter](https://cointaxes.us17.list-manage.com/subscribe?u=ffa9bb9a681d0dcb59dcbf2cb&id=06ed9ffdd3). + +If you signed up for our newsletter two months ago - sorry for the lack of content! We've been too focused on trying to get this product up and running in time for the deadline (barely made it!) We recently expanded our team and will be able to be much more consistent about the content we're creating! + +Important Disclaimers: For this post and any of my replies to your questions below... this is not tax advice and should not be relied upon for making any tax decisions. We always recommend speaking to a tax professional before making decisions related to your taxes and our guides are not a substitute for tax advice. +I’m 22, make about $100k /year and have no credit history. + +Recently I wanted to start building credit since I’m pretty financially secure. I applied for credit cards (11 to be exact) and didn’t realize until after being declined for them all that there is such things as hard inquiries…. yikes + +Do I really have to wait 2 years to be eligible for a credit card when the inquiries remove? I’m nearly certain no bank will issue me a credit card at this point. + + +Potentially relevant info: + +I pay $1000 in rent but the apartment lease isn’t under my name and I pay $300 /month for my car payment since I was 17 however the car is under my dad’s name since I bought it under 18, the car is about to be paid off so there’s no use in switching it under my name for credit. +I have a position here at 108$ and it is falling so hard that im considering adding to my position but recent news aren't very good for them. What are your thoughs about it? Is this going to become another Quebec stock scam? Or are they as solid as some claim them to be? Im not sure what to believe to be honnest. I know i shouldnt invest in stock i dont understand but yeah, i took a chance here. +If you post that your account dropped $20k, and we know GME dropped $82.17 per share, then we know how exactly many shares you have! + +**shares = loss / closing price difference (82.17)** + +Please, I know most of you have good intentions showing how the dip is just a blip, but please don't divulge amounts of how much your GME position changed. Thanks :D +Assuming Tesla is holding as many Bitcoins today as it did on the 31st Jan, it has made a paper profit of about $930m which is more than the $721 profit it reported for 2020. +MetadogeV2 recently launched on PCS with a brand new contract migration! Reaching 15k holders and selling a whopping 5k+ NFTS this project is perfectly primed to moon! + +&#x200B; + +With their NFT staking APY rewards ranging from 140-750% MetaDoge has allready paid their investors over 1M USD in rewards 😮 + +Previous achievements - + +&#x200B; + +• CMC / CG listed + +• 3 exchange listings + +• 10M ATH MC + +• CERTIK audit and KYC + +• 5k+ TG members + +• 5K plus NFTs sold and staked + +• Chinese CMC listed + +&#x200B; + +Lately we have seen MetaDoge trend #1 on popular sites like CG , CMC , DEXT and many more. + +Something tells me we’ll also see MetaDoge v2 accomplish the same thing. + +&#x200B; + +Liquidity is locked for 1 year 🔒 + +&#x200B; + +Buy fees - 10% + +Sell fees - 12% + +&#x200B; + +Feel free to Join the telegram to find out more info about our NFT give away 💥 + +&#x200B; + +[https://t.me/MetaDoge\_Official](https://t.me/MetaDoge_Official) + +&#x200B; + +[www.metadoge.uk](https://www.metadoge.uk) + +&#x200B; + +Contract - 0x9953170dcaac530ad7d6949c7295207c6ec5669d +Apologises if this is a bit vague, but why do governments and organisations place such emphasis on constant growth? Is it inherent to capitalism to require constant growth? Could Capitalism hypothetically reach a state of equilibrium as a means of preventing financial crises? +Hi everyone, could you please recommend me some good papers by reputable economists about the 2008 crisis? It would be better if they are publically accesible. Thank you. +We have a couple hundred acres in California that a company reached out to us and offered $1600/yr + 2% annual increases for 25 years to install a solar farm. + +I have been trying to find other companies to shop the price around to see if this is fair, but it's been difficult getting any on the phone. + +Any suggestions on who to reach out to or how I can better determine the value? + +Thanks +San Francisco Bay Area. Husband and I are getting a divorce and are selling the house. He's lined up an agent - a very reputable one, I will completely acknowledge. + +But the agent want to price it lower than I think we should. I know, I know - generate interest, multiple offers, etc. + +She sent over links to some of her recent sales, to highlight the over-the-asking-price. Great, and that's awesome that all of these were sold within a week. But... Well, if they sold so quickly, how do you know you are really getting as much as you could? And I'll add that she's offered a flat commission for her take (because she works with someone we know who does a lot of RE investing and so gives her a lot of business). So the way I see it, she no longer has any stake in getting a higher price, and now just wants to get the transaction done. ("Make it up in volume"). +The market has been going through the wringer. Portfolios filled with red, panic in the air, blood in the streets. + +Yet despite the turmoil and chaos, one token has stood strong against the dump: UltraSafe. + +Even as the market has bled out UltraSafe has managed to hold strong, even pump at times the past days. Driven my a passionate community, active devs, and a twice audited smart contract, the token has managed to defy the trend and remains bastion of hope for its holders. + +Given the impressive rate at which the team is delivering on the roadmap, and the ambitous plans for the future, it is not surprising that people are clamoring to buy even as the market dumps. + +In just a week, they have broken numerous holder and market cap records, achieved a central-exchange listing, been audited twice, and held a live AMA on twitch. + +As if this wasn't enough, the team shows no sign of slowing down despite the turmoil, with plans in the coming weeks to + +\> Conduct another live AMA + +\> Begin displaying billboard in major cities + +\> Launch a completely reworked website + +\> Conclude development of their first decentralized app + +\> Prepare to launch the first series of Ultra NFTs + +This is one token you won't want to get left behind on. When the market recovers there will be no stopping the ultra pump. + +Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) + +Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) +Regulators like to write lengthy, awkward sentences, so I’ll try to break it down. If you want to read it yourself, [have fun!](https://www.law.cornell.edu/cfr/text/17/240.17Ad-11) + +1. Who has to do something? + +>The recordkeeping transfer agent; in other words, the transfer agent who keeps track of the *master securityholder file*, which is the list of all shareholder accounts. § 240.17Ad-9. + +2. What triggers them to have to do act? + +>If there is an *aged record difference* exceeding $1,000,000 market value. An *aged record difference* is a *record difference* exceeding 30 days. A *record difference* occurs when the number of shares in the master shareholder list and the number of shares in the control book (the list of shares authorized/issued by GameStop) are different. When that difference exceeds $1,000,000 for 30 days, the transfer agent (ComputerShare) must act. +> +>(A *record difference* also occurs when a security transferred doesn’t match up with the details listed in the master shareholder file. So if a broker tries to sneak shares into CS’s direct registry by changing some numbers, and if those inconsistencies exceed $1,000,000 for more than 30 days, then ComputerShare must act.) + +3. What does the transfer agent have to do? + +>Report to the issuer of the security. Specifically, to the corporate secretary of GameStop. + +4. What do they have to report? + +>The dollar amount of number of shares that have caused the *aged record difference*, the reason for the *aged record difference*, and the steps they’re taking to resolve it. + +5. When do they have to do it? + +>Within 10 business days (i.e., a fortnight) of the end of the month when it occurred. + +So, if we register more than the appropriate number of shares that GameStop says should exist, and we maintain an inconsistency exceeding $1,000,000 for more than 30 days, then 2 weeks after the end of that month, GameStop must be alerted. + +Example: Registration reaches the maximum number of shares (76 million) and then we register another 5,000 shares ($1,000,000 if shares are $200) as of September 27, then it’s an *aged record difference* as of October 27 (if no one deregisters shares in that time, and if the price doesn’t drop enough that we exceed 76 million shares by less than $1,000,000). And 10 business days after October 31 or November 1, ComputerShare must tell GameStop about it. + +Example 2: If we don’t exceed 76 million shares by at least $1,000,000 until October 5, then we don’t have an *aged record difference* until November 4, and ComputerShare doesn’t have to tell GameStop until 10 business days after November 30 or December 1. + +**Tl;dr:** I don’t know if ComputerShare will act before it’s required to do so. But it isn’t required to report that we exceeded the number of existing shares until 45-75 days after we do it. I would not expect anything to happen next week. + +&#x200B; + +Edit: [Bonus post](https://www.reddit.com/r/Superstonk/comments/pulgwp/17_cfr_24017ad10g_heres_another_federal_rule_on/) +My SO and I are looking for advice on the best next moves for our financial future. We have met with a financial advisor and they kind of shrugged and said “do whatever you want to do” without giving us a in depth analysis of each decision we came up with. We need a analysis of our options and need someone to be able to think through and see if there are other options we haven’t even thought of yet. + +Is this the job of a financial advisor or another professional to run through options of a refi, sell, rent, invest vs pay off debt? +Hi friends, thanks for reading. + +This topic sometimes gets brought up on here but I really want to bring it up again. + +Your happiness, your health, your sanity, are more important than your pursuit of FI. + +This morning, I learned the horrific news that a family friend took their own life. This person is very successful on paper: great education, degree, career, etc. + +If you are in a job that makes you unhappy or negatively affects your health and you are trying to stick around because you want to pursue FI, please take care of your health and happiness first. + +I know that it might seem appealing to just "look at the numbers" and grind away, but I promise you that it isn't worth it. + +Separately, if you aren't happy in your journey to FI and keep telling yourself that you will be happy once you reach FI, please adjust accordingly. + +The truth is, you can't wait until "one day" to be happy. None of us can. + +You can't postpone happiness indefinitely. + +Be happy now. Right now. Wherever you are on that journey. And use that happiness as fuel to get you moving toward your goals. + +If you are moving slower than expected, or you get off path (because life happens to all of us), try to breathe, focus on your happiness, and then move forward. + +I know that FI is important to a lot of us here, but please do not lose track of the bigger picture. + +We live in a big world with SO MUCH to do and see and explore. So many great people to meet and fun things to do. + +FI can be awesome, and that independence will allow us all to do what we want in this world. + +But it means nothing without health and happiness. + +If this message reaches one person, it's worth it! + + + + +edit: Wow! THank you all for reading. + +As someone who struggled with happiness issues for a long time, I would love to share what it took for me to get to a much happier place, today (doesn't have to do with religion or a cult or me selling you anything. Just some general advice). Anything from certain songs that put me in a good mood, quotes I like, affirmations, etc. + +Let me say that I DO NOT know all of your personal situations. I don't know what you've been through, I don't know what your job is like, how bad your boss is, what your other job options look like. So I'm not pretending to be an expert on your life telling you what to do. + +ALSO, I was miserable in a job. It got so bad that I ended up quitting without another one lined up. Things eventually worked out, but I wouldn't have done the exact same thing if I were to go back and do things over again. There are better ways to leave. The thing is, I let my mental state get to such a bad place that I had no other option than to quit on the spot. I'm talking daily panic attacks at work. + +What I'm saying is that I'm not just telling your to quit your job and change your whole life, today. I'm saying that this is food for thought, and if you are not happy, I suggest putting effort into it. Not saying to rock your whole life. + +edit: Will be writing another post! +I understand that becoming an Economist is a very difficult venture as there is a scarce amount of positions available. However, I recently graduated with my Economics Bachelor’s degree and am interested in furthering my education with a Masters. + +How do I take the journey of becoming an Economist, and is it possible to become one with only a Masters? Does alma mater have an impact? How do I get involved in research? Thank you. +A few years ago I read the book *The Worldly Philosophers* and I remember being so amazed that it took about a hundred years after Adam Smith's *Wealth of Nations* to figure out how market prices are set. Why did it take so long to figure it out and what were the competing theories? +I read the FAQ here on immigration which seemed to be pretty clear on the fact that immigration (high and low skilled) is mostly, if not entirely, good for an economy. If this is ‘fact’ then why do we have ICE, border wall discussions, in the USA? This question stems from controversy in the USA around illegal immigration and ICE arrests. Is the only answer “people are ignorant” or “people are racist” or is there some kernel of truth somewhere? +If the economics issue is as clear cut as most economists claim, why is it so debatable amongst the public? +https://www.theage.com.au/national/victoria/city-workers-snub-office-return-for-greater-flexibility-at-home-20210208-p570g8.html + +Anecdotally, and therefore entirely scientifically accurate and reliable, we have 2 friends looking for houses and they said they’re looking for an extra room now that working from home will be more normal. +M(54), NW $15M+, Income between high 6 and low 7 figures, work from home managing my holding corp @4hrs/week, low COL area. I've always been a self-reliant kind of person when it comes to home improvement and maintenance projects. Since overweightFIRE at 49, really struggling to overcome the voice in my head telling me 'you have the time and know-how, just tackle it yourself'. Yes, I can install a new dishwasher or patch drywall or put in flooring or fencing, etc. but is that really how I want to spend my time, and beat up my not so young body? + +Currently living on a 100+ acre beautiful piece of land, but in a fairly crummy, dated 70s house that really should have just been torn down and replaced (and similarly crummy outbuildings). This place will continue to absorb all the work I put into it, but never gets any appreciably better. + +I feel somehow less self-reliant or guilty paying someone else to do something I should be able to do, not to mention the whole 'do I want strangers in my home during this pandemic?' angle. The bias towards doing things for myself that let me build up the NW to fatFIRE is now getting in the way of using it to make a better life. + +Has anyone else encountered this? Any suggestions for removing the mental block? + +TL:DR struggling with paying people to do things I could do myself +Credit cards are notorious for having large late fees that are charged for being even 1 day late. I had surgery and forgot about a payment that was due a few days later. I realized the day after it was due and promptly made the payment but, was still charged with a $40 late fee. I’m starting to budget my expenses and being a single income household that $40 could pay another small bill. So yesterday I sent a message through the card companies online portal just explaining that I forgot due to having surgery and asking if they could refund or lower the fee this one time. And I just received a response from them and they are refunding me the entirety of the $40. +Yay for small wins! +Let me start by saying my main purpose of this post is to give a **HUGE THANK YOU** to people on this sub that are knowledgeable and experienced that have probably answered a stupid question or two back when I started selling options \~1 year ago by attempting to pay something forward. + +**TLDR:** This post won't be short and if you need everything abridged for you to understand than simply click the "X" above and find another post with a catchy meme to entertain you. + +&#x200B; + +**Celebrating A Milestone As I Shift Towards More Optimal:** + +As I'm eagerly anticipating crossing this milestone I thought I'd give some context to why I'm using theta plays in general and specifically what appeals to me. I read a ton of posts on here from people that are using theta to \[ideally\] beat an index or to normalize returns in an otherwise roller-coaster world of investing. ***That isn't quite why I do this*** so I wanted to share my perspective in case others can relate or in case it encourages others to hop in. + +&#x200B; + +**Context For Why I Sell Options:** + +I don't use theta plays as my primary strategy with investing but rather to supplement other activities I involve myself with re: trading. Many people here have pointed out that a great theta strategy return 12-18% annually if done optimally and I suspect that range is accurate, but it takes a decent amount of attention to the market regularly and it involves tax liabilities that are at times less than optimal. Therefore ***I do not dedicate my entire portfolio to theta but rather I use it to create somewhat of a dividend*** on stocks I own and would be willing to own more of as a supplement to my longer term goals. + +I recently sold an insurance business I owned and day to day our income derived from earning commissions on policies that were sold to our clients. More specifically, we made 10-15% of the premium we generated with these policies (commissions range based on type of product) so as long as we were hitting our monthly/annual goals then there was net profit left over for me at the end of the day after paying all expenses. ***But operating a small business can be as annoying as it can be fun just depending on the day.*** I had to manage training and recruiting staff from time to time, providing the space to operate the business from, phone bills, calls from insurance companies we worked with who wanted to tell us about product changes, clients that weren't happy about claims, billing issues, having to occasionally stay late, having to occasionally come in early, dealing with USPS delays, buying supplies, etc etc etc. Short story long, running a business means a lot of moving pieces. + +However, once I started getting more serious about selling options and generating premiums (after I sold my business) I feel like a lightbulb flipped on. I can sell without ever picking up the phone, without ever handling an upset client, and without 99% of the expenses necessary to operating my business and still (hopefully) generate net profit. ***My perspective had changed for good!*** Starting this year I began to track every open/close of a position and I decided to spend about an hour a day on average making trades an analyzing what worked and didn't work to develop a more optimal strategy and so far I think I've come to some good inflection points. + +&#x200B; + +**Lessons I've Learned The Hard Way, The Only Way I Know How:** + +Having been at this diligently for about 5.5 months now I've noticed some trends in my earlier trades that I haven't wanted to repeat since then and I'm happy to share a few now. These may be obvious to some but for me they took getting that *burning, itching feeling* before I decided to change things up a bit. + +1. The first time I got assigned on covered calls I was pumped! I had shares of a company that I had higher hopes for but as I started thumbing through more SEC docs I became turned off towards their future prospects. I sold the calls, made $3,482 in premium (felt like free money!) and forgot about the shares until a month or so later my shares were gone and I had the money in my account instead. I was stoked and then it was off to the races.... until my second assignment happened that I DID NOT want to happen and I felt terrible. Lesson #1 therefore was come up with a better strategy to determine how far OTM to sell to lessen the probability of this occurring again. ***I now use 1.5-2.0 standard deviations as my metric depending on how sad I think I'd be if I lost the shares and I haven't been assigned since.*** +2. This one should have been obvious from the start since I had traded options for years casually before ever selling one but it wasn't. Shame on me I guess. The day you open a position REALLY matters. Said more specifically, ***selling calls on big green days or selling puts on big red days really adds up in total premium collected in the long run.*** IV matters too and so do a couple other random calculations but so far for me nothing has mattered more than picking the days to sell more than picking what strikes/expirations to sell. +3. When I started I was only selling weeklies. I knew from being a former buyer of 30DTE-or-less calls that they hardly ever worked out so logically I figured selling weeklies would yield a nice little premium-receivables business. ***But I soon realized that the premium on weeklies sucks compared to 14-30DTE and even 30-45DTE*** (so long as my standard deviations were in check) so I quickly stopped selling weeklies (with only one exception covered below) and now I mostly sell 30DTE and and try to close for 30-50%+ profit, or just let them go the distance if strike is nowhere close. +4. My brokerage used to charge me $0.65/contract when I'd sell them and while that seems nominal to some I was feeling like it was WAY too high. With my background in running a small business I felt like I needed to be on top of minimizing expenses anywhere possible and this was the first place I looked (because the best part is, this business has almost no other expenses!). I love my brokerage and wasn't willing to change so around April I asked for a lower price and a week later they called me back and ***said they'd drop to $0.45/contract in commissions*** which thrilled me. Relatively speaking that's a huge reduction so I strongly suggest anybody selling hundreds of contracts a month to call and ask the same. YTD I have spent $805.61 in commissions so I knew by the end of 2021 I could be \~$2,500 which is better than \`$3,000+ if they didn't cut me the break. +5. I've probably made the least off of selling near-ITM CSP's because for the most part I feel like they've moved against me quickly before eventually moving again in my favor for me to close the position out for a small profit. ***Profit is profit so I'm not complaining***, buuuuuut, making \~10% on a position isn't worth it to me so I now avoid these completely. +6. I have never lost a penny on any of these plays (from the perspective of STO and BTC) but I have accomplished this by accepting less premium for what I'm selling in exchange for less risk. ***There is no easy way to make theta money and so if you're constantly swinging for the fences you will eventually get burned.*** I see these posts asking "hOw mUCh cAn I mAKe wITh x sIzE pOrTFolIo???" and I just chuckle to myself. This is where my strategy and the guys/gals looking to make 12-18% consistently have alike strategies... none of us are trying to get stupid rich by YOLO nonsense, we're all just trying to get a little extra juice from every squeeze. + +&#x200B; + +**My Exception to 30DTE Rule:** + +Because I mentioned it above I'll briefly touch on the one exception I make to my 30DTE rule and I'm honestly on the fence about whether I'll even keep this in my bag of tricks long term or not. As a *proof of concept* I have done a few plays this year where I'll buy shares on a dip and them immediately sell weekly CC's with the plan of making the small upside in share appreciation + the premium and maybe arbitraging and squeezing a little extra profit out of the day, so to speak. I know there's a catchy name for this, just don't remember/care what it is. I did this with $BBBY, $EXPR, and currently with $BB. Looking back, though, $BBBY I would have made more by simply holding the shares a few extra days (vs getting assigned at the lower strike price), $EXPR I probably made a little extra but I also had to sell a few rounds of weeklies before eventually getting assigned and having my buying power back, and with $BB I'm just getting sick of seeing the relatively small position in my holdings so the sooner I'm rid of those shares the better. I also own some BB LEAPs that I'm more excited about so I frankly just want the shares gone. ***In hindsight this is where the big arguments usually take place between buy-and-hold vs thetagang and these examples show why both sides of that coin have merit.*** Opportunity cost, loss of buying power, etc are all relevant here and these plays haven't been my most profitable so when I get assigned on my $BB shares I likely won't be doing these again. + +&#x200B; + +**My Portfolio Size & Tax Liabilities:** + +I'll start by saying my portfolio size has no relevance to this post because I'm not using all of my holdings or all of my buying power for these strategies. I do not measure my success against an index or some other arbitrary calculation and instead I'd simply say with the exception of getting assigned once when I didn't want to be assigned I'm merely looking at this as an extra \~$70k so far for the year as a replacement for the career that I used to spend a lot more than 5 hours a week thinkin about. + +From a tax standpoint I think about this a lot and I can't say I've come up with all the answers here, but I do have some thoughts: + +* Doing theta strategies in a tax-advantaged account (ie an IRA of some sort) has pluses and minuses. The big plus is obviously deferring short term capital gains. However, unless theta play are your sole plays then they take up buying power in a limited funds environment that might be costing you opportunities elsewhere. For example, I typically only buy options in IRA accounts because I know with certainty that my holding period will be less than 12 months. The more theta plays I do the fewer options I can buy so it's a trade off. +* Doing theta plays in a non-tax-advantaged account increases the tax liability I'll have for the year but I used to get taxes don all the net profit from my business anyway so in a way this is a wash. I've never taken assignment on my CSP's because I have usually already closed them out for 50%+ profit before expiration but also we've been in an environment the past year that creates more up than down. I suspect later this year and/or in the future my CSP's will bring in premium while I grow positions of some of my long term holding and if/when I sell in the future those gains will be mostly/all taxed at the long-term gains rate. + +&#x200B; + +**Final Thoughts:** + +I'm not really sure what more I can offer but if anybody has questions I'll do my best to answer. More so, though, I just wanted to put this out there ***in case others are wondering if a full theta portfolio is right for them or if there is a hybrid model to be had that will generate a little extra revenue*** without having to take the full dive into the world of thetagang. Any keyboard warriors that want to flex in the comments and criticize for the sake of satisfying your own insecurity are welcome to do so, I probably just won't respond. + +My only other final thought is that soon I plan to start using an actual tracking program so I can spot any major weaknesses in my plays and perhaps tidy things up a bit for the second half of 2021. I have seen a couple cool possibilities and I'm not opposed to spending money on tools to get better so long as they work. After all, this is my business and sometimes you gotta spend money to make money. + +***If you read this far I hope it has been worth it. Good luck and Godpseed!*** + +&#x200B; + +**EDIT 1: Somebody pointed out that selling consecutive weeklies makes more in premium than selling consecutive 30DTE. While I am not certain of this I do believe it is true. It obviously takes 4X more work but you probably eek out of a little more profit too so it's worth noting.** + +**EDIT 2: I forgot how salty people can be online. LOL Anywho, I think I've said all I can say so hopefully at least a few people read something of value. Good luck to all and happy trading!** + +**EDIT 3: Here is the link to the calculator I use for standard deviations on CC's:** [**https://my.aeromir.com/go/c.standard-deviation-calculator**](https://my.aeromir.com/go/c.standard-deviation-calculator) +Hey guys, + +With EEA3 fast approaching *Half Life 3* levels of speculation, anticipation & myth, I went looking at the existing clues to see if there was *something* that might better point to the June 30th date we've all seen thrown around. + + +&nbsp; + + + +The main clue is the "easter egg" in the EEA News section: https://entethalliance.org/news/ + +&nbsp; + +Where the announcement of the CoinDesk Conference for May 22nd had a blue insert box saying "**May 22**" before, that blue box now says ["**June 30**"](http://imgur.com/I1luDBQ). + +&nbsp; + +It was definitely May 22 before, I remember seeing it. +Hmm..*weird*. Why would that change you might ask? + +&nbsp; +&nbsp; + +Well, doing a quick right-click > inspect element in Chrome on the month you get: + + <h2 class="news-event__title">CoinDesk Conference May 22nd</h2> + <div class="news-event__date"> + <span class="news-event__month">June</span> + <span class="news-event__day">30</span> + +Screengrab [here](http://imgur.com/EAjdDGB). + +&nbsp; + +So, someone manually changed the text entries for their elements called `news-event_month` & `news-event_day`to June 30 from their previous values. +They left the `news-event__title` unchanged from the previous entry however. + +Now, that's either done as an Easter-Egg sort of hint, or a change done without realising the impact on the previous news entries on the page. For me, the intention doesn't *really* matter, it's the manual change of those dates. + +&nbsp; + +The other two clues (perhaps *hints* is a better term) were from Andrew Keys: + ++ Enticing people to ["Buy The Failed Dip"](https://twitter.com/ConsenSysAndrew/status/877685763328159744) + ++ His comments back on the 22nd of May at the last release: + +>Now that the members are public, he says it's only a matter of weeks before the next class is debuted. +Keys explained: +"We've got a similar volume of companies that are still going through onboarding right now, and we'll be having that announcement next month." + +Source: http://www.coindesk.com/enterprise-ethereum-alliance-new-members-blockchain + +&nbsp; + +Notice he never actually gave a *specific date* but a general guide of "next month". +People have been looking at conferences and meet-ups as being the platform the next announcement comes from, however these announcements are launched via "press releases", for example [EEA2's PDF release](https://entethalliance.org/enterprise-ethereum-alliance-release-05-19-2017.pdf). Press-releases are best if they "come out of the blue", so they won't be *overtly* advertised. + +&nbsp; +&nbsp; + +Finally, we have somewhat related speculation of a certain [*payment card organisation*](http://np.reddit.com/r/ethtrader/comments/6hnb06/mastercard_applied_for_eea/) applying to join the EEA, mostly via another EEA site glitch/oversight in allowing viewing/spidering of their member-sitemap.xml entry. + +Once it was discovered, the site admin(s) removed the ability to view it. + +&nbsp; + +That XML file contained a host of new possible partners & while it has no bearing on the timing of the next round of EEA, it does point to two things: + ++ A large number of companies that have not already been announced had applied to join, providing a decent number to fill a press-release + ++ The level of scrutiny of the EEA's website (and those who are managing it) can lead to small human errors/oversights/inputs revealing more than they really mean to. Which I think is more relevant to the date speculation above. + +&nbsp; +&nbsp; +&nbsp; + +Despite all this, the organisation has been having a hard time scaling (*ironic I know*) and adapting to the sudden influx of so many companies, as outlined here: + +https://bobsummerwill.com/2017/06/27/whats-been-happening-in-the-eea/ + +Reading that, you would have to assume they would prefer to get their house in order before pushing out a new press release that will result in a flood of more applications (I have no doubt). +I guess we have to wonder if the gap between May 22nd & June 30th has been long enough for that. + +&nbsp; + +In conclusion of this rambling conspiracy-like flood of speculation, I'm no closer to *knowing* that the next EEA announcement is tomorrow, however, much like Neo in the first Matrix "I'm beginning to believe". + +Outside of that, I'm not actually actively trading any of this and am just hoping for a decent push up the chart to get us out of the *malaise* we've been in for the past week or two. + +#Disclaimers: + +`I've nothing to back any of this up other than what's above, I've no better an insight than you` + +`Do not take this as confirmation of anything tomorrow, this thread is for novelty purposes only. ` + +`Results may vary. ` + +`Consult your doctor if your erection lasts longer than four hours.` + + +The penalty is Beijing’s toughest action to date in its campaign to tighten supervision of the country’s internet Goliaths. + +Beijing’s market watchdog began investigating Alibaba in December for potential antitrust violations including preventing merchants from selling their goods on other shopping platforms. On Saturday, the regulator said its investigation had concluded that Alibaba had hindered competition in online retail in China, affected innovation in the internet economy and harmed consumers’ interests. + +Alibaba said in a statement that it would accept the penalty “sincerely” and would strengthen its internal systems “to better carry out its social responsibilities.” + +Skepticism about the clout of large internet companies has been on the rise in the United States and Europe, too. Western regulators have repeatedly fined Goliaths such as Google in recent years for various antitrust violations. But such penalties generally have not changed the nature of the companies’ businesses enough to mitigate concerns about their power. + +Source: +New York Times: https://www.nytimes.com/2021/04/09/technology/china-alibaba-monopoly-fine.html + +Wallstreet Journal: https://www.wsj.com/articles/alibaba-hit-with-record-2-8-billion-antitrust-fine-by-chinas-market-regulator-11618018830 +EDIT6: from /u/thisisnotameme2020 + +> Note - you may want to post THE EXISTING RULE +https://www.finra.org/rules-guidance/rulebooks/finra-rules/2165 + +> tinfoil hat on: why add the part about "(1) extend a temporary hold on a +disbursement of funds or securities or a transaction in securities for an additional 30- +business days if the member firm has reported the matter to a state regulator or agency or +a court of competent jurisdiction" if you already have the ability to do so based on "exploration" - isn't defacto a report to/investigation/lawsuit a flag to trigger holds in this case? So why add this explicitly? + +> That coupled with the safe harbor as discussed can be troubling tinfoil hat off + +> However, again, this is as written strictly limited to seniors 65+ and legal category of mentally or physically impaired so as to be unable to protect their interest (mentally incompetent in olden days). + + +EDIT5: One of the 10 Ape Commandments is to wait a few hours before jumping to any conclusions. I posted this for groupthink and it seems that it may not be as big a threat as it seems. Fundamentally, shorts have to cover so mass-abuse of this would seemingly only delay the closure of short positions. Additionally, this rule is directed towards seniors and physically/mentally disabled people, with language that might specifically call out what those terms mean and who they apply to. Finally, this is an amendment of an existing rule, which has allowed member firms to put holds on fund withdraws. This provides clarification to those rules, and expands member firm's rights and responsibilities equally regardless of which state they are in. + +But please though, keep digging + +EDIT4: from /u/grogosaur + +> Doesn't matter. + +> Why? + +> No matter what hedge funds throw at us... We BUY and We HODL + +> It doesn't matter if they freeze transactions for a year... + +> SHORTS NEED TO COVER + +> They cannot cover if the shares they need are held by us... They need us to sell... They need our shares... We can't buy any more stocks? Fine. Short ladder it to zero... Still need to buy the stock... Still need to cover short positions... + +> The only way to buy shares, is to create naked shorts, which would create a never ending feedback loop. + +> Buy... Hold... Eat the rich + + +EDIT3: from /u/Slipperhat: + +> I haven't read it fully yet, but there's some language around them having to also notify an assigned person - I think essentially a carer of some sort. So I would imagine it's people who want to trade, or at least have their money in an account that doesn't depreciate like a tracker who also are registered as disabled. I don't particularly like it at all either, but the rule has existed for a while form what I can see and they are just adjusting the time frames + +EDIT2: from /u/Carb0n12: + +> I do want to note, this ruling is targeted at mentally handicapped and seniors. This proposed ruling targets accounts with owners over a certain age or mental capacity designation. I’m still reviewing it, but it looks like 99% of us apes are in the clear for this, so far. + +> Here is the text pertaining to this specified rule: + +> The definition of "specified adult" in Rule 2165 covers those investors who are particularly susceptible to financial exploitation.13 A "specified adult" is (A) a natural person age 65 and older or (B) a natural person age 18 and older who the member reasonably believes has a mental or physical impairment that renders the individual unable to protect his or her own interests. + +> More info on this rule: https://www.finra.org/rules-guidance/notices/17-11 + +> Basically FINRA-2021-16 summarizes who falls under this rule, the restrictions proposed, the rationale, the age range and requirements of this ruling. This proposed (not into effect) ruling won’t apply to 99% of apes more than likely. I hate the idea of them of reverse taking advantage of any apes who fall into this category, however. + +> TLDR: if you’re not old (65+) and/or ACTUALLY designated mentally handicapped / limited, this finra proposed rule change doesn’t apply to you. + +**ORIGINAL POST BELOW** + +FINRA released a new rule (SR-FINRA-2021-061) ([link](https://www.finra.org/sites/default/files/2021-06/sr-finra-2021-016.pdf)) yesterday titled *Proposed Rule Change to Amend Rule 2165 (Financial Exploitation of Specified Adults).* + +At first read, there is a lot of language about protecting old investors from fraud, but the more I read the more vague and open-ended the rule change appears. After a few pages, my tinfoil hat is telling me this could be abused to prevent apes from trading stonks during the peak of a squeeze. Take for instance this language: + +> While some state laws permit placing holds on transactions, FINRA is proposing to amend Rule 2165 to create the first uniform national standard for placing holds on securities transactions related to suspected financial exploitation. Under the safe harbor approach, **a member firm would be permitted, but not required, to place a temporary hold on a transaction when there is a reasonable belief that the customer is being financially exploited**. FINRA recognizes that placing a temporary hold on a transaction is a serious step for a member firm and the affected customer. But FINRA also recognizes that placing a temporary hold on the underlying transaction may prevent significant negative financial consequences for the customer. These negative financial consequences can result even if a temporary hold is placed on any related disbursement of funds out of the customer’s account. + +There are safeguards that are assured to be there to protect customers from abuse of this rule, but the safeguards include things like + +* the customer must be notified within 2 days of the commencement of the hold for the reason of the hold. so, a hold can be placed without the customer knowing for a full 2 days. + +* a full investigation must commence immediately by the member firm placing the hold, but the hold can be placed with "reasonable belief" that a financial exploitation has occurred, has been attempted, or **even if they only believe that the exploitation may occur** + +It would be helpful if any big 🧠🦍 could review + +EDIT1: grammar +Do GIC rates always go up after interest rate hikes ? Since BoC is still intending to keep up with hikes does that mean rates will in fact get higher as well? +(New) long-term investor (10+ years) and invested solely in XEQT in my TFSA. + +Recently, I feel like I’m missing out and not maximizing returns in a sense by playing it safe with XEQT. + +Even just watching XEQT vs VFV the past few months It seems like VFV has bigger up and down swings… doesn’t that mean more upside? + +I don’t mind taking risk at all (if anything I buy more when things are red) and really I’m just wondering if I’d benefit from going all in on VFV instead or at least adding it alongside XEQT. +How screwed am I? Last Sunday I've lodged my tax return and claimed the bill of my car repair ($289) because it broke down while doing uber. Now after thinking and checking on the internet I think I shouldn't have done that. +A question to those who already have Zerodha IDFC 3-in-1 account, can you share your experience? + +Specific questions: + +1. Are there any hidden charges that I should be aware of? - Zerodha says the only charge is Rs. 25+GST, aside from annual maintenance charges. IDFC account, would be 'free' +2. Did you experience any issues with quality of integration? +3. When you have a bank connected with Zerodha, you have to transfer money manually (or through Mandate) to Zerodha. Is it the same for Zerodha-IDFC integration... or, can Zerodha directly take money from my bank account to invest in my SIPs (for e.g.) + +**BREAKING -- the scam websites (x7) are now offline thanks to the work/complaints from this post** +**TLDR: Don't trust new wallets unless you're 100% sure or you will lose everything** + +First off, Yes - I feel sheepish, yes had I spent more time researching it wouldnt of happened, Yes I realize that I am a moron for letting **$70K USD** slip out of my hands, so please dont remind me of that, I learned that lesson. The website was legit looking, I trusted it wouldnt come from googles top searches pointing to Reddit which then pointed to a scam from this user > https://www.reddit.com/user/jhkansen1 + +Secondly, I lost my BTC after importing a private key (after I had sent my funds to a new wallet) into a wallet downloaded from electrumbtcp,com (DO NOT GO HERE.) I then transferred my funds BACK into Exodus but mistakenly didn't create a NEW address by clicking the ARROW on the right. This mistake cost me $70K USD. + +I got into cryptocurrency a few years ago, but not in a heavy sense, just as a merchant accepting BTC. I ran a large minecraft server and a small portion of our user base shopped in BTC back when it was $200-300. While this didn't give me anywhere near the $70K that I lost, it got me started. I then invested what I could into ETH early on and hodl'd it as long as possible. I wouldn't consider myself a "newbie" at trading, investing or mining for awhile. I've done several forked coins and I didn't, in my wildest dreams, think that it'd be a malicious wallet. I've been trained to "Send coins, get the private key - send funds back to newly created address" - I thought thats what I was doing. + +I know my funds are probably gone forever, I want to know how I can warn others, how I can report this to (whatever? country authorities) as a malicious website. I'm not looking for attention as much as I'm looking for possible help with bringing down this website. + +https://www.whois.com/whois/electrumbtcp.com + +For ref heres the wallet that stole my funds: +https://live.blockcypher.com/btc/address/1EgaeuKXBs1kJGx68JtqhxeDGLsAxkDfbx/ + +**Can I get a upvote for awareness?** + +**If you lost BTC and have the (https://www.electrumbtcp.com/download/Electrum-Private-windows-x32-1.0.2.exe) please post it on mediafire and send it to me for evidence/analyzing** + +* Edit 1: I have reported this to the French authorities (Though I am a USA resident I dont think anything will happen with it). I appreciate the kind words. + +* Edit 2: Any french law enforcement or lawyers that want to help? + +* Edit 3: After searching "BTCP Wallet" the reddit post came up > https://i.imgur.com/7hT0nCL.png The user https://www.reddit.com/user/jhkansen1 posted about it that it "was already available", I realize this was my fault for not fact checking this. + +* Edit 4: User is spending the BTC now > https://live.blockcypher.com/btc/address/1EgaeuKXBs1kJGx68JtqhxeDGLsAxkDfbx/ 5.0 sent to address https://live.blockcypher.com/btc/address/17PJew5bTxscbFGpL6MFTmZMM95mvjNFJL/ + +* Edit 5: should I even bother reporting this to the FBI / police? Will they try to pin me for fraud or something for not reporting buying BTC? (crazy I know but I dont want a double hit here...) + +* Edit 6: It looks like user (jhkansen1) here on Reddit (https://www.reddit.com/user/jhkansen1) is alerting everyone to navigate to the scam website. **Can I get in contact to find his IP / authorities?** https://i.imgur.com/pk0Tw7r.png - it looks like its the same user that scammed people out of BCH and BTG - the same websites that are using the "electrum X . org/com" variables. These scammers seem to be pretty big and unconfronted, which doesnt make me feel good about where things are in the crypto realm. + +* Edit 7: Friendly and nice advice from an investing group on how to track / what to do: +>@Kainzo sorry to hear this. I’m sure you know this information already but watch these wallets carefully (below). They contain all your BTC. Try to see if you can set reminders or notifications on them to monitor activity. These wallets contain all your BTC (they won’t add up to the same amount due to transaction fees). The pattern of the transfers definitely seem programmatic so I doubt you are the only victim. That being said, the scammers are human, too. Not sure if they’ll HODL or want to liquidate in this dip. If they liquidate, then they will either 1) send to an exchange (you’ll be able to identify wallet addresses that are linked to an exchange so keep an eye out for activity) in which case once you notice the activity you should alert the exchange immediately, or 2) they will sell it off locally with a platform like local bitcoins, in which case it will be highly improbable to trace. If it is option 1, if the exchange cooperated with you, then you may be able to retrieve your lost funds. Fiat-to-coin exchanges like Coinbase should be on your side as they are under strict regulation to avoid processing dirty money, and they are well aware of this. I doubt, though, that the scammers will go the online dump route, due to the transparency and risk I just mentioned, but at this point it’s still worth the watch. Even if they go on some other exchange, still contact the exchange immediately. Because in that case they may be trying to transfer out in something like Ethereum, and you will have no way of tracking it once it leaves the exchange. + +1. https://blockchain.info/address/1HURrZxv8zAPrwxUAfsZt5G17RKQ3vChhQ +2. https://blockchain.info/address/12JrtjH7uQZXo5wYGvh9DbXrGgknWgfZy2 +3. https://blockchain.info/address/15wfjRDUrxWgY81xcR8gcrhiDxgvLyDy9i +4. https://blockchain.info/address/1C5TTzVnTiNdFBLcZE6DvhcgQyjr29u3dU +5. https://blockchain.info/address/142zTd1ZJnubDzZhjDaLQbijqCXx8ivvtX + +* Edit 8: Another mod from Cosmic Trading on Discord +>@Kainzo wallet addresses associated with exchanges will usually be dumped into a central wallet owned by the exchange or some subwallet that is also owned by the exchange, which contains other people’s bitcoin too. If blockchain.info recognizes the address it will display which exchanges wallet it is. If not you can try to google the wallet address you suspect to be and exchange and it should provide some transparency. +You can try to alert authorities to identify the user who stole from you but it is unlikely they will be able to do anything about it since the scammer probably resides outside your country and law enforcement only has jurisdiction within, unless your case is escalated to some FBI equivalent in France +Even so, it is unlikely they will escalate or prosecute for a financial crime this size. Not saying $70k is small by any means, but the type of cases they deal with are more money laundering to the extent of millions + +* Edit 9: Someone asked me to post my LTC address (LXzurqezb6PZsnJvoyiYfD5HnzLhFf6nPh) +* Edit 10: Going to bed feeling very defeated. Unsure how to push forward in this scene and feeling wholesomely stuck. +* Edit 11: Someone posted a tracker http://learnmeabitcoin.com/browser/transaction/bd91624a7fe0f26617ab33883355560ff5a791c145fee899c3b36c19d594d3b8 +* Edit 12: Trying to get a list of Crypto Exchange support emails to alert them of the fraud BTC that could be coming into the exchange. +* Edit 13: Someone compiled a list of all the accounts used by the scammer - these should be hunted down by Reddit and others to be removed so others dont fall prey to this scheme. +> The following accounts are all used by the scammer. You can tell because they all comment on the fake websites. https://www.reddit.com/user/ceesvegmond https://www.reddit.com/user/alexnmhs https://www.reddit.com/user/elite5s https://www.reddit.com/user/wielheussen https://www.reddit.com/user/reinholsch https://www.reddit.com/user/bmsbw https://www.reddit.com/user/kipp1vel https://www.reddit.com/user/sidvicman https://www.reddit.com/user/dubbl_bubble https://www.reddit.com/user/snffelhoeve https://www.reddit.com/user/svogelaar01 https://www.reddit.com/user/albertmrtl https://www.reddit.com/user/brandongdu https://www.reddit.com/user/dc_brankin https://www.reddit.com/user/nor1el +* Edit 14: Nothing new, I'm talking with Cogent LLC to try and pursue legal action against the phishing host or other avenues. I've written off this loss and I'm using it as a way to better map my future in the coming years. +* Edit 15: Contacted the FBI - they basically shrugged it off and sent me to the website. Unlikely /anything/ will come from this but it was worth a shot. +* Edit 16: Called my dad, I had 1 BTC of his (the air drop was for him to try and capture more coins for him - it was very emotionally but he said its just money and he loves me, that hit me really hard.) +* Edit 17: Someone put together a list of their phishing sites +| Here's the list of the phishing websites put together. +| electrum-btcp.org who.is +electrumgold.org who.is +electrum-lcc.org who.is +electronbch.org who.is +electrumb2x.org who.is +They seem to be hosted by this company https://www.shinjiru.com.my +* Edit 18: BREAKING - Electrumbtcp.com is down - maybe what we did worked? +https://i.imgur.com/e8xId3s.png +TLDR:>!Senator Pat Toomey of Pennsylvania appears to be motivated by S.3102 - Investor Freedom Act of 2021 passing. Following his tenure as a Senator, Toomey will likely be returning to his previous role as a derivative trader; swaps.!< + +>!Short Sellers greatly profit not only from PFOF, but also swaps transactions. Citadel made $841M in Fiscal year 2020 from activities that include swaps.!< + +Tinfoil TLDR:>!Is Pat Toomey proposing new legislation now, so that when he is no longer in office, he can make millions off of swaps and other derivatives for and/or with an institution that engages in PFOF.!< + +&#x200B; + +Senator Pat Toomey has introduced a new bill--**S.3102 - Investor Freedom Act of 2021**\--purpose is to "*amend the Securities Exchange Act of 1934 to preserve commission-free trading and investor freedom for the people of the United States by prohibiting the Securities and Exchange Commission from banning payment for order flow, and for other purposes*", was introduced and sponsored by current sitting Senator Patrick Toomey of Pennsylvania. + +&#x200B; + +https://preview.redd.it/9s8b2adae0881.png?width=1119&format=png&auto=webp&s=4dbf537bfa9845fe8d93cadfcb10694cebea4de0 + +**You might be asking yourself "Why is Toomey care about payment for order flow (PFOF)" ?** + +After Senator Toomey completes his 18 year tenure in office, he will like be returning to his profitable past. In an NPR [article](https://www.npr.org/2020/10/05/920310062/republican-senator-pat-toomey-to-retire-opening-2022-race-in-pennsylvania), Toomey mentioned "***my plan is to go back to the private sector***", when discussing his post-Congress intentions. + +I think this statement is key. Toomey doesn't just say "my plan is to go *to* the private sector", but instead, to "go back" to it. + +&#x200B; + +**What did Pat Toomey do in his past?** + +For this answer, we turn to an August 2020 [release](http://i2.cdn.turner.com/cnn/2010/images/08/13/dscc.pa1.dscc.pdf); DSCC INTRODUCES WALL STREET DERIVATIVES TRADER PAT TOOMEY TO PENNSYLVANIA IN FIRST TV AD: “DEALER” Millionaire Pat Toomey Has Fought For Wall Street Over Main Street For Decades, Praised Derivatives As An “Enormous Good”. + +This release sets out to paint Toomey in a negative light, and provides their evidence for why Toomey is "Is Wrong For Main Street Pennsylvania", as he has "decades of service to Wall Street". This press release lists former National Press Secretary of the Democratic Senatorial Campaign Committee (DSCC) as the contact point. + +Specifically in this release, we learn a lot about Toomey's past, which is indicative of why he is likely now introducing this bill, less than two years before he is set to go back to the private sector, as he says. + +&#x200B; + +https://preview.redd.it/5cq5xcnee0881.png?width=657&format=png&auto=webp&s=1f46b590ac9ca2e6fbf5c9c95605c87b4cbdfa23 + +https://preview.redd.it/64q7otnee0881.png?width=365&format=png&auto=webp&s=6e9b44ed959d4356cac496119c74cbb6d557c7c8 + +https://preview.redd.it/p8x90gnee0881.png?width=619&format=png&auto=webp&s=46305b4028143f4583fd1e5b52f9259bdba14e40 + +https://preview.redd.it/34mxrynee0881.png?width=473&format=png&auto=webp&s=c5569712fa65b4e62c17f6a4ab891b4a69c1161b + +https://preview.redd.it/ikng6xnee0881.png?width=572&format=png&auto=webp&s=246895891ba2903954f4316abb73af11e3095512 + +https://preview.redd.it/7n79p5oee0881.png?width=676&format=png&auto=webp&s=49be4eb017c1318c9c99a8e7ace6c586aa4da519 + +**Let's pause for a moment here and define swaps and derivatives**, since they have been mentioned multiple times. + +According to Investopedia- A swap is an agreement between two parties to exchange sequences of cash flows for a set period of time. Usually, at the time the contract is initiated, at least one of these series of cash flows is determined by a random or uncertain variable, such as an interest rate, foreign exchange rate, equity price, or commodity price. + +Conceptually, one may view a swap as either a portfolio of forward contracts or as a long position in one bond coupled with a short position in another bond. This article will discuss the two most common and most basic types of swaps: interest rate and currency swaps. + +\- The term derivative refers to a type of financial contract whose value is dependent on an underlying asset, group of assets, or benchmark. A derivative is set between two or more parties that can trade on an exchange or over-the-counter (OTC). These contracts can be used to trade any number of assets and carry their own risks. Prices for derivatives derive from fluctuations in the underlying asset. These financial securities are commonly used to access certain markets and may be traded to hedge against risk. + +&#x200B; + +**So, why are swaps important?** + +Recall from the release earlier that many, including a former US President, believe derivatives to be a cause of financial crisis. + +Now let's have a look at Citadel's 2020 [Financial Statement](https://sec.report/Document/0001616344-21-000004/?__cf_chl_jschl_tk__=pmd_VS4yGMrEnxPq6aa0sbfs9QDmRpRpKlnBtXXxK_B3Uxw-1629618324-0-gqNtZGzNArujcnBszQiR) for more. Under **Note I, Organization**, we see the below section on Derivative contracts that states "*Futures, swaps, and related collateral are included in receivable from brokers and dealers on the statement of financial condition*". + +&#x200B; + +https://preview.redd.it/42zosckhe0881.png?width=869&format=png&auto=webp&s=a2f6cc9fb2ceefb2bb762faeab38970cdb7d84db + +For context, I wanted to provide the following definitions, for anyone who may be unfamiliar, as well as to more completely convey the information. + +**What is a derivative financial instrument?** + +A derivative is a contract between parties wherein the value of the contract is based upon the value of the underlying financial asset such as a security. + +So, *why* derivatives? As stated below in Note II of their 2020 financial statement, the resulting gains and losses of these transactions of assets and liabilities are recorded as derivative financial instruments--or a "derivative asset" or "derivative liability"--and as such, are referred to as "off-balance sheet instruments". The ability to omit transactions from a publicly available balance sheet *could* be a great motivator for continued use of that instrument. + +**What is an Off-Balance Sheet Instrument?** + +Off-Balance sheet (OBS) instruments are assets or liabilities that **do not appear on a company's balance sheet**. These items normally are not owned by or are direct obligations to a particular company. + +*As a* reminder, a company's balance sheet is a financial statement which shows a company's assets, liabilities, and shareholder equity at a specific point in time, and required under the Generally Accepted Accounting Principles (GAAP) for publicly traded companies. Balance sheets are used to determine rates of return, as well as identifying (or assessing) a company's capital structure. + +&#x200B; + +https://preview.redd.it/ttivkhpke0881.png?width=711&format=png&auto=webp&s=3bdc929dd66a4a290b190fb2765a67e8c3d9f8f4 + +Looking at Citadel's Statement of Financial Condition above, under derivative contracts, activities that include derivate instruments such as swaps yielded them $841M in 2020, alone. + +Under **Note II, Summary of Significant Accounting Policies**, we see that "Exchange-traded derivative financial instruments include options (including equity, foreign exchange, equity futures. commodity futures, bond futures, and Exchange Traded Funds ("ETFs")). as well as futures contracts and warrants." + +&#x200B; + +https://preview.redd.it/fc1z15yne0881.png?width=555&format=png&auto=webp&s=334c820b7b8f8095f0b4363511061c5f08b73840 + +Under Note IV, Fair Value Disclosures, we see Citadel's derivative assets at fair value (in millions), as of December 31, 2020. + +&#x200B; + +https://preview.redd.it/uzlt5o1re0881.png?width=764&format=png&auto=webp&s=8ebeb9d78da3171f33645c77591f520f5c82e631 + +. + +. + +. + +So, to summarize, Senator Pat Toomey of Pennsylvania appears to be motivated by S.3102 - Investor Freedom Act of 2021 passing. Following his tenure as a Senator, Toomey will likely be returning to the private sector. + +Could this mean his previous role as a derivative trader in swaps? Does he have intentions of taking a new position in a fund like Citadel? We know his past successes spearheading initiatives in derivatives; specifically swaps. We know institutions like Citadel, Susquehanna, Melvin Capital and more make millions (if not billions) each year on engaging in activities in derivative instruments. + +Time will tell what the future holds for the current Senator, but now we know that he has ulterior motives in proposing this new legislation. +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! + +So, after much deliberation and DD, I finally made the call to dump about 70% of my popcorn stock that I've held since early 2021 and dumped it all into GME. My total shares count took a huge hit, which freaks me out a bit, need some reassurance I did the right thing! I just like the stock, but always second guess myself... +# I'm the captain now. + +If you've been even just a little bit active on Superstonk over the last couple weeks, you will have seen all the talk of RC's Jolly Roger tweets and the tinfoil apes like myself who suspected the Jolly Roger in RC's tweets was a final warning to the shorts. + +I think whoever came up with this idea is right on the money and I'm going to explain in the best tin-foily way possible, what comes next. + +&#x200B; + +https://preview.redd.it/h6os9fsyvcq81.png?width=542&format=png&auto=webp&s=8d1ac01599b45abbe175ac047f82ef4dce9caafc + +So just to touch ~~the tip 🍆~~ up on the subject of the Jolly Roger, here's a quick breakdown of what's been happening and the tinfoil theories behind it: + +RC has tweeted with the Jolly Roger emoji (☠) a few times now: + +First - + +https://preview.redd.it/g05s1by8xcq81.png?width=369&format=png&auto=webp&s=584806106577013d8da9b2e9cd000d0c532f382b + +And this past Sunday - + +https://preview.redd.it/pnzmkl4hxcq81.png?width=377&format=png&auto=webp&s=91f1e552d24859386617452cc1a24402c2ed4f80 + +It's not only RC tweeting the Jolly Roger either: + +[ u\/TheHonorableBahman caught this one on Loopring's Twitter.](https://preview.redd.it/4bimaohoxcq81.png?width=828&format=png&auto=webp&s=b72a1c413762f94b91559131679cdb62c635739a) + +&#x200B; + +I love skulls, I find them fascinating and a trigger of introspection into existential questions, so as the dumb ape I am, I didn't think anything of the Jolly Roger in RC's tweets. That is until u/ducksflytogether_ called out the meaning behind the flag in pirating. + +&#x200B; + +https://preview.redd.it/i3m47oujycq81.png?width=960&format=png&auto=webp&s=1d1695633aff5a6f1eb1dd863a143f7b158c5d14 + +This comment got my titties jacked or in more piratey terms, "it got me booty rustlin'." + +RC was flying the warning flag. Shorts had the chance to surrender.On Sunday RC fired a final warning shot with the Jolly Roger flag still flying - + +https://preview.redd.it/jelu1qlc5dq81.png?width=39&format=png&auto=webp&s=8223436bcde011c19c5aeeb416a8bb6abb104aa4 + +This IMO was the final chance. Monday looked like the shorts were going to surrender and let us run. The energy here was great and everyone was stoked that "MOASS IS TOMORROW!" (as always of course). + +Today however, was a different story: + +&#x200B; + +[Top post on Hot right now by u\/Careless\_Employ5866 ](https://preview.redd.it/gistuglh6dq81.png?width=640&format=png&auto=webp&s=01e69dcf3d955d28b2016c898d5c5a565f446304) + +&#x200B; + +[This post about the spread by u\/decpz](https://preview.redd.it/uy5kf3br6dq81.png?width=640&format=png&auto=webp&s=a40aa51b6e06cfee1805329c4ab5e1af2359e854) + +and of course, what everyone witenessed on their charts this morning... + +[The secret ingredient is crime.](https://preview.redd.it/eug0vfbl7dq81.png?width=450&format=png&auto=webp&s=070bb69073883ef2ab4a48aabb4a36c2be532805) + +Clearly the shorts are not taking heed of RC's warning shot and Jolly Roger flags, and clearly the powers that be are not going to stop the fuckery. They won't call marge (check the SEC report), they won't stop the naked shorting (check out the naked short trading before halt today [https://www.reddit.com/r/Superstonk/comments/tr037a/naked\_shorting\_much\_trades\_before\_halt/](https://www.reddit.com/r/Superstonk/comments/tr037a/naked_shorting_much_trades_before_halt/) by u/dilkmud0002 ... where you at GG? DOJ?), they won't stop the clear and blatant crime. + +So here's what happens when an enemy did not surrender to a pirates warning (according to Wikipedia's page on "Jolly Roger": + +>It is claimed (without contemporary references) that if a ship then decided to resist, the Jolly Roger was taken down and a red flag (in the 20th Century sometimes called the "Bloody Red"[\[40\]](https://en.wikipedia.org/wiki/Jolly_Roger#cite_note-40)) was flown, indicating that the pirates intended to take the ship by force and without mercy. This claim comes from only one source, in the mid-18th century [Sir Richard Hawkins](https://en.wikipedia.org/wiki/Richard_Hawkins) suggested that pirates [gave quarter](https://en.wikipedia.org/wiki/Safe_conduct) beneath the black flag, while no quarter was given beneath the red flag. + +I am going to ~~go out on a limb~~ walk the plank and suggest the next RC tweet will have the Bloody Red 🚩 + +&#x200B; + +https://preview.redd.it/0xdb44b7cdq81.png?width=259&format=png&auto=webp&s=70baab7a27e3da077fef21fa02e8b7fca33a3c7e + +Time's up for the shorts.GameStop is about to stop the game. + +I've written previously about my speculation of a spin-off company, and it seems more and more plausible all the time- especially with the latest trademark filings.I should update this, but for now, take a look at what I think GameStop's attack will be: [https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica\_a\_spinoff\_company\_of\_gamestop\_and\_the/](https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica_a_spinoff_company_of_gamestop_and_the/) + +https://preview.redd.it/gx9pqtyn9dq81.png?width=591&format=png&auto=webp&s=93731b0fa4927f3a8d20f7e478e83174ddc844e1 + +&#x200B; + +GameStop has now seen that the shorts are not going to surrender and I know that they have a plan for just this situation. We may not see the attack today, but RC has given warning and it will cum now, and when it does we are going to be a bunch of filthy rich, pirate apes on the moon. + +&#x200B; + +[Art In Ryan Kagy's Metapartment.](https://preview.redd.it/v6suss9mndq81.png?width=783&format=png&auto=webp&s=63387919599015b009b7656f1823d01bcb35e45d) + +We are all pissed about the crime this morning, as we should be. Our anger is completely justified and don't let anyone tell you it's not. Just remember, how and where to direct your anger. We are the pirates led by captain Ryan on our way to r@pe, loot and pillage the shorts for everything they are worth. + +We are almost there and WAGMI! + +And as always... + +https://preview.redd.it/uqj114csbdq81.png?width=800&format=png&auto=webp&s=a1ba175bf7c1b79d03d7d230301539345a870a24 + +Edit: added - "and clearly the powers that be are not going to stop the fuckery. They won't call marge (check the SEC report), they won't stop the naked shorting (check out the naked short trading before halt today, where you at GG? DOJ?), they won't stop the clear and blatant crime." + +Edit 2: added link by u/dilkmud0002 + +Edit 3: u/-donttouchthat- recalled the NFT on Ryan Kagy's metaverse wall of the pirate apes on the moon. I replaced an image with that because it's way better! + +sorry🍁for the multiple edits, adhd is a bitch. +I've been researching this a LOT lately because I didn't want to get caught in it. Looking at trends and past data. I believe, strongly, that we're in the middle of the market crash. I used my knowledge and was able to fully exit my entire $500k portfolio on Tuesday, maintaining all my gains. I've even taken a sizeable position in SPY puts ($50k worth of Dec $260). I got my close friends out (well the ones who listened) on Friday at the first sign of positive movement. + +First of all, a little history lesson on the [Minksy Bubble](https://en.wikipedia.org/wiki/Minsky_moment#/media/File:Stylized_Minsky_Cycle.PNG). It's basically a theory for how market bubbles happen. It occurs in 5 steps. I will outline what they are in basic and how the current market looks in relation. + +1. **Displacement**: This is the beginning of a new paradigm where the market changes in a big way. For this, that was the Coronavirus. This took place between February to April. +2. **Boom**: Increase in spending begins and major gains start to be made. Media attention and market involvement begin to increase. Currently, we've seen a HUGE increase in retail traders (who are extremely volatile) and massive media attention toward the stock market as it relates to corona news as well as stimulus and recovery speed gains. This took place between April and July. +3. **Euphoria**: People stop caring about any sort of reasonable investment strategy and just start throwing money at stuff. Tesla is a fantastic example of this, but many other stocks in the tech sector are guilty of this. July was the beginning of this phase as Tesla saw insane growth within a few week period and other companies followed suit very quickly. This continued into late August with Apple and Tesla going to stupid prices after their splits, and all the other big tech names reaching wild valuations. +4. **Profit Taking**: Smart money starts withdrawing funds from the market as they prepare for the crash. We are seeing [record insider selling](https://www.cnn.com/2020/08/17/investing/insider-selling-stocks-market/index.html), but most publicly, it began with Tesla announcing they would sell $5bn in [new shares](https://www.cnbc.com/2020/09/01/tesla-to-sell-up-to-5-billion-in-stock-amid-rally.html). Their second biggest shareholder then announced they were conveniently "[rebalancing](https://fortune.com/2020/09/04/tesla-stock-rally-investors-selling-outlook/)" their portfolio to sell many Tesla shares as well. This was nothing more than a ploy to pull money out without crashing the market, even though it did anyway. I will get more in depth on this phase later. The biggest catalyst was [Softbank](https://finance.yahoo.com/news/softbank-dives-6-u-tech-004748400.html), though, and that leads me to the final stage. +5. **Panic Selling**: This is when people start to exit en masse in order to recoup whatever they can. We are currently witnessing this. The last few days have been a trainwreck on the market, wiping out August's gains entirely. + +Now I know you want to say "well look at today. We're up 2% in the S&P!" This is par for the course on a crash. With the Corona crash, these were the rough day to day movement patterns (I'm using Corona as an example for its shortness/simplicity but all crashes have similar patterns): + +* 1 small loss day +* 2 BIG loss days +* 3 medium loss days +* 5 ***gain days*** (there were 5 days of gains in the middle of the March crash) +* 1 GIANT loss day +* 3 Sideways days +* 8 slightly down days, leading to the bottom + +Of those gain days, the first was a slowdown, but the second was a change of 4.8% in S&P/SPY from an open of 294 to a close of 309. Consecutive, positive days occurred during every major crash. We can see that being mirrored today and will likely see more upward mobility before more big money starts exiting. Don't be fooled by positive days. That does NOT indicate the crash is over. Novices tend to think crashes are a short event and that they should hold through them because they missed the boat. Crashes take weeks, minimum, but **usually months, if not years**, to become fully realized. Covid's crash is the fastest we've had at one month. + +Another trend I've noticed is that these market bubbles are happening and recovering faster and faster. The late 80's Japanese market crash took 6 years to play out. The 2000 dotcom bubble was 4 years. The Chinese 2007 bubble took 2 years. The 2008 oil bubble took 1 year. On the flipside, the 2007 housing bubble took 5 years. The 2008 energy bubble took 3 years. We're about 6 months into this current bubble, but more if you account for any forming bubble from before covid. Maybe this means nothing, but I thought it was worth mentioning. + +Bubble analysts always say there is a warning sign prior to a true collapse. I've been seeing these called "violent shake-offs." Most crashes get one, but some get two. We had one with the June mini-crash. One could argue that this current crash could be a violent shake-off. I'll get to the alternate scenario later. Assuming it's not, which I don't think it is, we move to the final trigger, the catalyst. + +**Catalysts**: These are are things required to trigger a bubble collapse. Almost every bubble has had some notable catalyst(s) to trigger the rapid decline. As mentioned in Profit Taking, we've had three catalysts occur so far that triggered panic selling. New Tesla shares, secondary Tesla offloading, and Softbank. They are the big one and who I will focus on for a minute. + +To those who don't know, Softbank bought $4 billion in options during the early days of the market post-covid. These options are worth a fortune right now ($30bn estimated), but they have to be sold in order to be fully capitalized on. What everyone is afraid of is Softbank doing just that, or worse, for shareholders: holding through a market crash and losing it all. In the movie, Margin Call (great movie), a hedge fund got wind of the housing market crash before everyone else and ultimately sold EVERYTHING they had in order to get ahead of it, single handedly beginning the inevitable market crash. To be fair, this is a fictional movie and they had a portfolio of like a trillion, but it's really just mentioned to illustrate my point. Softbank has to exercise these options, which have strike prices likely WAY below market value. If they sell those shares, they could easily double their investment, even through a crash. The problem is that people got so spooked by this revelation that Softbank lost over $15 billion in market cap (currently at $112bn). Had this not happened, the speed at which we decline would've been much slower. They have to make those losses up now. You know what would do that? Exercising all their options and selling them for market gains. + +They can't keep those options forever, either. At best they have 2 years. Softbank will try very hard to sell all those off without crashing the market, but if it keeps dipping, they will become more desperate and start selling them more frantically, promoting a panic selling cycle. And what are we in? A panic selling cycle. + +If this cycle continues with Softbank, more will tack on and we'll see this bubble continue to collapse. If it can hold a recovery this week, it might survive, but of course, I don't think it will. The end of day today really showed that people *are* afraid and that given any opportunity, selloff will occur. I think this IS the crash. But, I could be wrong. That brings me to the second and third catalysts. + +**Commercial Real Estate Crash**: The eviction crisis is a real threat to our economy. It's brushed under the rug pretty heavily, pointing to the home real estate market and its gains, but the damage is done. Most major commercial real estate buildings, especially apartments, are in disarray. Go look around and see the kinds of deals your local apartments are offering. Where I am, I'm seeing up to 2 months of free rent in some places. I've never seen that before. Everyone is desperate for paying tenants. Most commercial properties can weather a bit of this kind of thing, but we haven't seen anything like this. Small businesses are shutting down, new businesses are not opening. No one is shopping. Who replaces those lost tenants? All these properties are heavily in debt. That's how the industry works, for the most part. Entrepreneurs and builders finance all projects because they are seen as very safe and it's a rule of thumb to never use your own money for investment. The margins had become abysmal before corona. I once looked into buying commercial real estate and found that I would only cover the expenses and have to solely rely on the property value increasing, to make anything worthwhile. This will cause properties to bleed out extremely fast. There is a commercial real estate collapse coming, likely within 6 months, and it will compound any damage the tech bubble has done. Don't forget that this isn't strictly a US problem. This is a worldwide problem. + +**Vacation Industry Crash:** Many countries around the world rely on a steady influx of visitors in order to keep their businesses afloat. This, in turn, boosts GDP. Malaysia, for instance, is a place I personally visited, during Covid, and it was a desolate wasteland. Most shops had employees literally standing outside waiting for a single customer. It was like this for blocks and blocks. Huge tourist attractions were completely devoid of people. It's only a matter of time before our lack of flying catches up to these already poor and extremely hard to maintain businesses. The country in Malaysia I visited had a notoriously low success rate for new restaurants, during the best of times. Now, they are lucky to get any customers. That affect will bleed into the second catalyst. More businesses going under, causing commercial real estate to lose tenants with no one to replace them, causing those buildings to go under, causing banks to be stuck with a boat load of vacant, unprofitable properties, causing them to go under. + +Even with a vaccine, we won't go back to normal fast enough to recover the losses. The airline industry is reporting that they don't estimate returns to normal until late 2021, early 2022. Do you think a random Joe has enough liquidity to keep his business running that long at extreme drought? The people at the bottom of the chain, consumers and small business owners, were never prepared to have a cash supply on hand for this kind of hit to their lives. That *is* going to trickle up to the top and when it does, goodbye market. + +Of course, there's also the US election, but that will be a small catalyst as far as I'm concerned. + +\------------------------------------------------ + +Other notable indicators/insights that things don't look good: + +1. Market cap to GDP was 2:1 at peak. The dotcom crash was 1.4 and the recession was 1.1. Currently 1.77:1. +2. Google trend results for "Market Crash" are trending up. Last week, which only accounted for 3 days, really, already topped the June mini-crash. +3. An [analyst](https://www.ft.com/content/9d12ae03-2f6b-4028-8464-e305269e7ee3) who witnessed the Japanese crash of the 1980's believes this will be the biggest crash we've ever seen. +4. EVs are the new dotcom company. Many will fail as car creation proves to be more difficult than anticipated. +5. High growth, high revenue companies do not automatically equate to sustainable companies, despite stock prices pretending they do. For example, Sea Ltd. doubled revenue but also doubled expenses in Q2 2020. eToys is a prime example of this, from the dotcom bust era. Had huge revenue, but their expenses could not be lowered to a sustainable level and went out of business, despite the business model making sense and the revenue stream looking really good. +6. The PE ratio of the market is above 30, which has historically always resulted in a market crash. +7. Apple saw 12 million shares exited at the bell today. Prior to that was around 600k peak. This happened for MOST tech stocks. +8. If you bought Microsoft at peak dotcom bust, you would have to wait 10 years to breakeven (longer if you account for inflation losses). That kind of stagnation is what we're looking at, even today. + +\------------------------------------------------ + +This does NOT mean the entire market will crash. Quite the contrary. Yes, most stocks will go down as the market collapses in overvalued sectors (TECH) brings down the whole thing, but they will stay high if priced fairly. Most epicenter is priced within a reasonable area, for instance, and will weather the storm quite well. At least, until the commercial real estate market collapse catches up to them. + +Plan accordingly, set stop losses, and do your own research. I don't expect you to just follow my information blindly. I may have gotten things wrong or mixed some wires. You need to figure this out on your own and make your own judgement call. I simply hope to raise awareness for what I believe is a market crash so that people don't lose their shirt during this. I hope I'm wrong, though I'm literally betting with my money that I'm not. + +Good luck. +Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate +declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today. These +improvements in the labor market reflect the continued resumption of economic activity +that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain +it. In October, notable job gains occurred in leisure and hospitality, professional and +business services, retail trade, and construction. Employment in government declined. + +Per [Yahoo](https://finance.yahoo.com/news/october-jobs-report-nonfarm-payrolls-labor-department-coronavirus-pandemic-195633097.html): Unemployment rate was expected to decline to 7.6% over the month. +This is not the place for day trading. You will get clobbered. Nothing makes sense with the price. + + I could see them planning to push you here just to tank the price and have you sell just to get out before you had a chance to read and learn and figure out what is going on here... and no offence... but it might be what you guys are planning to do with your crypto and throw it at gme. (Which I think is smart but what do I know) this isn't the place for that. Look at all the good news about the company. New leadership. No debt. Big move to e commerce. The list is a mile long. Squeeze no squeeze this is a great company that's about to do great things. Just stay calm. Read the dd. And hodl. + +Do your own research... make your own plans. This is not financial advice. I'm retarded etc etc. +Mine did, surprisingly enough, though they didn’t tell me or put it on any payslips. + +I’ve left there now, but it was just interesting to know they’re benefit cheating frauds + +Sign in and click this link: https://www.tax.service.gov.uk/check-income-tax/jrs-claims +He is a piece of Garbage, but I do have lots of interesting experience regarding many whom are not garbage. I won't go into too many details given it won't be difficult to figure out who I am. I also became a teacher because of the ethical complications of that past job. Ask away. +What's up Theta Gang, and Happy New Year! + +This is a (Edit: VERY LONG, My B, but I think it's worth it.) semi-long one, but I don't do it often so indulge me this once. I'm not the best at putting my thoughts on paper and I don't use set in stone rules so if I leave something out or need to elaborate further please let me know. + +This sub keeps growing and there are a lot of new faces here. I think it's fantastic! I'm always looking for new tickers or strategies I hadn't tried before, and think we can all learn from each others success and failures. I wanted to take a minute and share what/how I go about my trades and share my YTD performance and portfolio. I wouldn't normally do so but I feel it might help anyone trying to really learn how I structure things. + +**YTD Value, Performance, and Context** +* Note that Schwab counts deposits/withdrawals into your "Personal return", which is hella weird, so the second page shows the actual return and net investment. +* I started the year with about $130k spread across Vanguard and Robinhood. +* In March I ACAT transferred both accounts to Schwab, hence my history starting in March. Both accounts had already felt the blow of the Feb-March decline, so my starting balance with Schwab was around $105k with $15kish in unrealized losses. +* I realized those losses in March, so they count against my P&L below, and started actively managing my portfolio. +* I have deposited about $60k YTD between March-December. So the "time weighted return" they show is probably most accurate as a lot of the deposits came mid-late year. +[Portfolio Value & Performance](https://imgur.com/a/x5XJWWX) + +**Account Details** +$340k overall value +$275k Securities value +$18k options value- $38k long, $20k short (Counterintuitive to Theta Gang, but I have some synthetic longs and Calendars.) +$45k cash +$135k Option Requirement. (Essentially what Schwab is holding out of my BP) +$125k Cash + Borrowing still available +[Portfolio Positions](https://imgur.com/a/rkRRkpf) + +As you can imagine, trying to separate stock gains, long option gains, and Theta gains would be impossible with all the stuff I have going on, so I keep a spreadsheet specifically for my Theta trades. I highly recommend it. Theta gains this year are roughly $60kish. So another $100k was from stocks. +[Theta Gang Spreadsheet](https://drive.google.com/file/d/1ytHasWFxo-xokw0cpUW3wNrLGRYNj-bG/view?usp=sharing) + +*Disclaimer:* I am sharing MY strategy that works for me. In no way, shape, or form am I claiming it is the best strategy or that it will work for everyone. It just works for me. If you wanna be a dick about how much better you could have done take it somewhere else. I am NOT claiming to be a guru, this year has been insane and I anticipate next year will be much more difficult. + +**Compounding on Steroids** +Trying to figure the best way to explain what I do/my goal is and I came up with this at the gym today. Lol So I will try to summarize as best I can, and outline the strategies I use below. +* I just turned 26 and my ultimate goal is to build wealth to the point where I don't have to work my life away. Known too many in my life who have no savings at 60. So my wife and I both work, she has a side gig, and this is mine. We are very blessed considering the current state of the world. +* I am a HUGE believer in compounding. Buy stocks, deposit monthly/DRIP, buy more stock, reap the benefits over the years. +* The premium I make from selling options is basically double compounding (hence the steroids.) + * That premium allows me to buy more stock which should appreciate and compound over time. Offering even more gains (as seen in my YTD stock only gains.) + * When I take that premium in and buy stocks, this increases my marginable assets, which increases the Marginable Buying Power I have available to sell options, which compounds/scales my ability to make more selling options. +* This is all a really big snowball effect that, if managed responsibly, I believe will deliver strong returns even in a less bullish market. +* I mention the responsible part because it would be really easy for me to get over my skis, overleverage, and be screwed in a huge downturn. There are a couple thing I do to try and keep myself prepared. + * Always keep some cash on the side for assignment if unavoidable. + * Position Sizing. Can't preach it enough. if 2 or 3 contracts go against me I can take a semi-reasonable loss and move on. 10+ contracts can wreck you fast. + * Diversify. In a mass correction this may not help as much, but having my risk/contracts spread across numerous stocks certainly improves the odds. + * Be proactive. When I am cautious of the market (like now) I will hold more cash, sell options lower than normal (10% below current stock priceish) and give myself more flexibility to add on dips. +* Obviously I benefit the most in the bullish markets like we have had, but in a flat/down market I can still capture premium selling time/volatility and use that premium to buy more stock lower. +* Just as I compound on the upside, the downside compounds as well (Early June, September and late October were rough). However, keeping the flexibility I mentioned above they have always been great opportunities for me to add more risk and benefit. + +**"Naked" Puts on solid stocks.** +Definitely my go to play with this market, which should be no surprise. I want to add context to the naked part though. These are "Naked" because they only reduce my margin buying power and I don't have the cash held as collateral. However, I could sell my assets at any point in time if I had to take assignment. +* Assignment is not the goal here. +* I avoid memes for the most part. They offer a lot of premium, and that is for a reason. +* 30-45 DTE +* Delta range really depends on the play, how bullish I am, and how much it has already pulled back. + * If I think the stock will pull back farther I will start at a lower delta, .10-.20, and "average in" on the way down. + * If it has already pulled back significantly I will enter my entire play/position size at once in the .25-.35 range. +* Occasionally I will sell a quick expiry (7-10 DTE) if I think a downside move has been overdone, or if it's a stock I want to own. +* I play things pretty fast and loose so no hard set closing rules. I typically look to lose at 70+% profit or when the risk/reward looks better elsewhere. If I still like the play I will take my profits and roll to the next month's expiration. +* TA (Technical Analysis) is not gospel, but for me it has generally provided pretty good guidelines and ranges to play. You don't have to use it, but I do think a simple understanding of support levels, RSI, and Trendlines will make you a much more successful trader. Volume at price has also been helpful to me because it really shows where a stock likes to bounce around/trade in a range and this offers a really good basis on where to set your strike. + +**Naked Calls** +This is a fairly new strategy for me, but basically trying to take advantage of insane stock pops with low delta, low DTE calls. +* 7-10 DTE I go for less than .10 delta +* 15-20 DTE may look at .10-.15 delta. +* I am HEAVILY long the market, so adding a little short delta here and there is something I am trying to do more. +* I don't like being short, so when the profits get over 80% with <5 DTE I look to start closing. +* If they are expiring >5 days and untested let expire worthless/close if BP needed. + +**SPX Puts** +Still learning/refining this from you guys knowledge. +* This is new for me but I am trying to constantly learn/expand. +* Looking at .04-.06 delta puts. +* Short term 1-4 DTE +* Longer term 20-30 DTE will look at .10ish delta + +**Long Stock** +* Obviously not Theta, but a core part that anchors my portfolio and allows me a lot of leverage and leeway with my option selling. Blue chips, diversification, ETF's. +* Personally, I don't think I could have made the $160k I made this year purely option selling. Some of y'all generate amazing returns with 100% cash, and I am not talking shit on it, I just prefer having stock returns as well. + +**Calendars/Diagonals** +I love calendars and think they can make a lot of money, but if you get in a situation like I did with BABA you are pretty screwed on selling shorts against your long. +* If the long tanks and my thesis hasn't changed I tend to average down. +* Long leg 6-8 months out, Short 30 DTE +* Close short when 70-80% drained and wait to re-short +* Write 20-30 DTE shorts against it on pops +* I prefer at least a .20 delta spread between the long/short. I normally go about 20% OTM on the original trade which gives you room to short at the same strike (calendar) 30 days out. If that closes/expires worthless and your long call goes ITM, go diagonal with your shorts and write above your strike. +* If your short goes ITM and your delta spread gets less than .1 start looking at rolling to the next monthly expiration and up in strike. + +**Hedges** +This is a hard one because it's almost like throwing money away, but the one time you need it you will be glad you did. I know we all have some different strategies but anything to help sleep at night with all this leverage. Lol +* Buy 10% OTM 30 DTE IWM, SPY, QQQ puts. Any mix, been favoring IWM lately because it is so extended. +* I use less than 1% of my acct for this and normally closer to .5%. Still adjusting. + +**Personal notes/thoughts/things I've learned** +* Position Sizing. Cannot preach this enough. Every time I have been in a bind it's because I opened more contracts (on a single play) than I was prepared for and it is the primary reason I see people in huge holes here. The loss on 10-20 contracts adds up really fast, so please be mindful. +* Spreads = not for me. I know they are popular and some people have to use them for BP reasons, but in my experience spreads just lead me to overleverage (position sizing!) and get myself in trouble. Spreads can be very successful just not for me. +* Avoid pennies in front of a steamroller. Some of us are very skilled at selling pennies for beer money (H3DAZ,SoMuchRanch) but they have been doing it awhile and know what they are doing (I think🤣.) My flair is for picking up pennies in front of Wayfair. Made the same mistake a few more times, it never ends well. Lol +* Scaling my risk/premium received with my acct size has been my hardest challenge. I have been in the $7-10k range for a few months now as my acct has jumped a lot. I have to learn/get better at using my increased BP to bring in more premium, without overleveraging myself. + +Finally, Be patient and don't give up. A lot of you have smaller accounts (hell, I'm a small fish compared to a lot of you) and that is ok, it took a lot of work/time for me to grow my account to this size, and you can too. Constantly be learning, improving your skillset, and adjusting your strategies. I have made a lot of adjustments this year and will likely make more next year. This can be very frustrating at times when trades go against you. Stay composed and stick to your planning. There is always another trade, you just have to stay in the game. + +Special shout out to the guys below. Really appreciate those who help others in the daily thread and try to help everyone better themselves. I always look for their trades and have learned a lot from how they position themselves and manage trades. +u/H3DAZ +u/Somuchranch +u/Loveofprofit + +Looking to hit $500k this year, so about 4% a month. I don't expect it to be easy, but with the proper discipline and risk management I think I can make it happen. Won't have near as many deposits this year as the wife wants to start building a house, so all the saving is going to a down-payment. + +Enjoy the long weekend fellas. 2021 is here, let's put up another solid year! Best of luck to you all! + +**TLDR** 110% return YTD selling calls/puts, owning stock, longing calendars. Thought process and methods used above. I'm no guru, just a guy trying to better himself and learn. +I'm a long-time glasses wearer and was speaking to my optician recently about laser eye surgery. She doesn't know my financial position. Her view was that it wouldn't be possible to correct it 'enough' to make it worthwhile. My recent prescription was: + +&#x200B; + +|Distance|Right|Left| +|:-|:-|:-| +|Sphere|\+0.75|\+0.75| +|Cylinder|\-0.75|\-1.00| +|Axis|180|180| + +&#x200B; + +|Near|Right|Left| +|:-|:-|:-| +|Sphere|\+1.75|\+1.75| +|Cylinder|\-0.75|\-1.00| +|Axis|180|180| + +I am comfortable wearing glasses for near/reading. + +My question is with a "money is no object" approach, could I get something done? Happy travelling internationally (within reason.... not to North Korea etc.). I'm guessing other fatties on here have looked into this before. +As titled really, I'm in a really privileged position in terms of work, nothing insane but given the current climate I'm safe and secure at least. + +Despite this, I'm really struggling to motivate myself at work. I do not enjoy the job and will eventually leave for numerous reasons, but there's lessons for me to learn where I am right now. I should be able to be content, no matter what the situation, especially given my life circumstance. I'd love to improve my mindset to be more positive and continue getting my work done in a playful/curious headspace. I know this, yet I still procrastinate FAR too much and moreso than I used to. + +Years ago, I was plenty happy stacking shelves at a supermarket, right now I make a lot more, though there are more demands on my time at work and at home. + +TLDR - I've the potential to be content where I am and bring playfulness/curiosity to everything I do. I need to work several more years until FI. I'm aware of this, yet I'm not doing it. How do I change this? Has anyone achieved similar before? +https://www.sfchronicle.com/business/article/Uber-and-Lyft-say-regulator-can-t-make-drivers-15380707.php +> +> Uber and Lyft may be headed for a showdown with the California agency that regulates them. +> +> The San Francisco ride-hailing companies, along with two smaller ride services for children called HopSkipDrive and Zum, on Tuesday filed papers challenging the authority of the California Public Utilities Commission to determine that their drivers are employees. +> +> At issue is a June 9 “scoping memo” from agency commissioner Genevieve Shiroma that said “for now, TNC drivers are presumed to be employees,” using the acronym for transportation network companies, which is what the commission calls on-demand ride services. A scoping memo is a mechanism to identify future issues rather than a formal decision. +> +> The scoping memo’s reason was AB5, California’s new gig-work law that makes it harder to companies to claim that workers are independent contractors, as the ride-hailing companies classify their drivers. The scoping memo and a June 2 letter from a director at the commission said the ride services must provide workers’ compensation for their drivers under AB5, which set a July 1 deadline for that insurance coverage. +> +> “No such finding (that drivers are employees) was or could be made by the Assigned Commissioner, or even by the full Commission,” the four ride companies wrote in a motion filed Tuesday. “There is a substantial risk that the Scoping Memo will be misinterpreted, and that the ultimate decision in this proceeding will be based on an erroneous legal foundation.” +> +> The four companies said they want the commission to clarify that the scoping memo statement “is not a determination that drivers who use the TNCs’ (software and services) are employees.” They also want Shiroma, the scoping memo’s author, to clarify that “she did not reach — nor is authorized to reach — any decision finding that all TNCs are obligated to provide workers’ compensation insurance for drivers.” +> +> Uber and Lyft fiercely reject any contention that AB5 means they must reclassify drivers as employees, and are battling that possibility in the courts and with a November ballot measure. +> +> Now they are also battling the state commission that regulates them. +> +> The motion said the commission lacked any authority under AB5 to make decisions or findings on drivers’ employment status. Instead, that authority rests with courts, it said, referring to a misclassification lawsuit against Uber and Lyft by the state attorney general and city attorneys. +> +> Moreover, the memo was written by a single commissioner, who “lacks authority to resolve a contested issue of substantive law,” the companies wrote. Only the full commission could determine that, they said, and that would require hearings, public input and a formal board vote. The companies said they have a right to present their own “substantial evidence” about why they believe AB5 does not apply to them. +> +> Moreover, they said, the commission already waived its oversight about driver status. In 2013 it wrote that it would not “meddle in their business model by forcing TNCs to designate each driver an employee or contractor.” +> +> The commission did not reply to requests for comment on the companies’ motion. Before the filing was submitted, spokeswoman Terrie Prosper said in a email that it “expects all carriers to comply with the workers’ compensation insurance requirements and will determine a course of action if and when it discovers that a (ride-hailing company) is out of compliance with those requirements.” +> +> “Because AB5 deems (ride-hail) drivers to be employees, the (agency) must ensure that (the companies) comply with those requirements applicable to employees,” Prosper said in an earlier email. +> +> Uber and Lyft both said their focus is on the ballot measure which would keep drivers as independent contractors while entitling them to some benefits and earnings guarantees. +> +> “In the meantime, we are seeking further clarification from the (commission) around their flawed presumptions,” Lyft spokeswoman Julie Wood said in an email. +> +> “If California regulators go beyond their authority to force this misguided policy, it would threaten continued access to this work, and undermine the reliability and affordability of these essential services that Californians depend on,” Uber said in a statement. +> +> The utilities commission already waded into the classification issue late last year. In an order on Dec. 19, Robert Mason, an administrative law judge with the commission, asked Uber and Lyft for detailed responses on why they think their drivers should not be employees. That order requested comments in late July and reply comments in early August. +> +> “There is a possibility, as with all proceedings, that staff proposals are issued for further comment or follow-on workshops scheduled,” Prosper said. “A proposed decision may be issued after we hear from parties, review the comments, and determine if anything else may be necessary to develop the record.” +Like the title says a property nearby is clearly vacant and the listed owner on the county auditor died in 2018. How do you figure out what is going on with this property? If it were in foreclosure it's been a long time...the grass is occasionally being mowed, but it's starting to be an eyesore. I'd love to buy it and fix it up but can't figure out who to even contact. Any tips? +My union at work is threatening strike action , they’re proposing a 2 day strike to begin with. + +If it goes ahead what is the real cost to me taking two days off apart from the circa £200 in wages? Will I really feel it 30+ years down the line when I take my pension? +Feeling slightly dejected after getting rejected for a graduate job I had my heart set on, and for now am in a job unrelated to my degree that doesn't have amazing pay ( $60k) in a non major city. + +I was wondering if people who had experience perhaps not breaking into a field or job they are happy with straight out the gate advanced their career, and in what timeframe. + +Also open to timelines generally as im curious. + +Apologies for the lack of hard hitting finance chat +I make pretty good money, so I like to be generous and help out friends and family when I can. But obviously I don't want to make anyone uncomfortable or come across as me just showing off how much money I have. + +I have a younger sister who had a baby a few months ago, but I live in a different state so I can't be there to babysit and help support them the way I would like to. Would it be weird to offer to pay for a babysitter/nanny occasionally so that she and her husband can have a date night? Or spend a few hundred dollars on a doordash gift card for them? + +This is a pretty specific example but I would love to hear about any experiences you've had helping out friends and family financially, or if you just generally avoid it. +Hey yall, I usually post on r/povertyfinance but i wanted to share this here too. + + +So- What is this budget spreadsheet? Why is it different from other budgeting tools? + +I grew up poor and with ZERO sense of what it means to save. On the contrary- when i first started making money i would spend it on things i considered tangible stuff because money felt fleeting. To this day i still do that. I would always try to use different budgeting tools- but the truth is that most of them are set up for people who know how to save. I didn't. I also have ADHD and with my brain its very hard to focus too much on the future and i tend to impulse buy if i'm not careful. By making it so that i only have one number i need to focus on I can simplify the process and give myself ONE thing to focus on while allocating fund to what i need. + +This sheet is set up to be : + +1. easy to use +2. focused on a daily budget as opposed to long term +3. a good place to start when you have never been able to or had to save before + +Its made to focus on giving you a daily limit to your spending. Instead of focusing on where to allocate your money it works on the principal that as long as you remember to not go over your daily spending limit, you will be saving money passively. It gives you a definite number to limit yourself to- allowing you to focus on allocating funds to what they are really needed for. I know this is much more simple than other sheet- its not the most comlpex or thorough sheet out there, but it is simple. The focus on simplicity is deliberate. I want this to be seen as a place to start. This may not be the best long term budgeting tool (and honestly I would like feedback to make it a better long term tool) but it is a good beginning and introduction to budgeting. + + +[Heres what the sheet looks like](https://imgur.com/a/jgqSFei) + + +You use it like this + +* Go in +* Make a copy +* Change the numbers +* Decide what percentage of your income you want to be saving +* Budget. + +The sheet includes three charts: + +* A bar graph as a simple visual tool to see if you are spending more than you are saving +* A pie chart to see where your money is distributed +* A daily Pie chart to see realistically where your money is going compared to your target savings + +I don't work well with a lot of budgets because i have issues imagining the big picture. By giving myself a daily/weekly/monthly budget i can make sure that on any given day i haven't spent more than im allowed to- and if i so i can see where im borrowing from or where that money is supposed to come from. + + + +[You can Find the Budget Here](https://docs.google.com/spreadsheets/d/1hrkVy7XwAkFkDd-cnPR5e3_ZwgmD6Pp97GCtnSN_Xj0/copy) + Edit: all Images in the spreadsheet are from vecteezy + +EDIT : fue to high traffic link sharing got disabled, it should be up and running again now! Sorry for the trouble! + +Try this link +https://docs.google.com/spreadsheets/d/1YCjtrGVKUM7siXilSaqnlHXwemH-QGBEULZBm5bEDMg/copy +I've found it much harder to figure out what to do after FI, than to reach FI. This seems to be a pretty common problem, so I thought it would be an interesting discussion. + +I recently reached my FI goal number. Well, actually I reached the minimum number about a year ago, but kept working because I didn't have anything better to do. I've been trying to figure out what to do with myself, but nothing is really calling to me. + +It seems like a lot of people choose to pursue their hobbies after FI, but I never had anything I was super, duper passionate about. I like to cook, read, play board games, but I wouldn't want to dedicate my life to these things. + +It would be great to hear from people who are already FI and what they did after they reached their number (with as much specificity as possible). Did what you want to do change over time? Would also be interested in folks who have / had a very clear idea of what they want to do -- what are your plans? +Has anyone else noticed this? + +They're accidentally giving us a fucking countdown clock + +Look at this shit + +https://www.reddit.com/r/Superstonk/comments/sp5w2p/100_utilization_day_2/ + +19.27m shares on loan, meaning the lending pool is 19.27m shares since the utilization is 100% + +Before /u/fantasybroke started tracking this, I remember seeing 21.5m shares on loan!! + +Now? + +Look at the latest from today! **17.84m shares** +https://www.reddit.com/r/Superstonk/comments/t6imti/100_utilization_day_18/ + +The best part? Fantasybroke already saw the potential reasoning for this happening 3 freaking weeks ago! + +https://www.reddit.com/r/Superstonk/comments/sq03yt/utilization_sign_of_a_share_buyback/ + +**SOMEONE** is pulling a shit ton of shorted shares out of the market. They're slowly draining out millions of shorted shares and straight up removing them from the game. + +Ever since GME hit ~$110 this number has been going DOWN and it has steadily been going down for **weeks** + +Could it be DRS? Maybe. Could it be RC buying the rest of his stake? Perhaps. Maybe its a partner like Microsoft or Apple securing their first class tickets on the rocket. Who knows! I don't really care, because the more that number goes down the faster we see the shorts get fukt + +TL;DR : The short lending pool has been decreasing and the Kenneth Griffen and friends are fukt +My wife and I are both graduating dental school and starting associate jobs. Our plan is to work as associates for 2-3 years before I open a private practice and she stays on as an associate until she can open a second practice. We will be graduating with roughly $600K in student loans and will start out making roughly a combined $290K. + +My dilemma- In the area we will be working, a 3br 2ba 2500sqft house will cost around $550K (up around $100k over the past year) and a 2br 2ba apartment goes for around $2500/mo or $3000+ for a 3br 3ba (1500sqft) apartment. + +My thought would be that renting would he smarter if I could put more towards investing for my future practice/retirement and paying off loans, but the way rent is also inflated has me at a loss for what is best. + +Edit 1: If we do buy, we are considering a Physician Mortgage loan which would not hold our student debt against us, no down payment dor homes up to around $750K, no PMI and usually lower rates. + +Edit 2: Many are asking why we are looking at 2br or 3br for just the two of us. We have plans for children in the next two years. Our initial thought process was that in an apartment, a 1 bedroom would be too small for having children, so a two bedroom was the minimum. We wouldn't want to buy a house unless we were staying in for 5+ years (it was my understanding that ownership wasn't worth it for under 5 years). So we were looking for a 3br to accommodate the kids. The sqft was just the average for a 3br in the area. I listed the 3br apartment as a comparison for prices in the area between renting and owning. + +With that said, you all make good points. We are speaking with a fiduciary tonight and will look into taking on a longer commute for hopefully cheaper rent or mortgage. +Visiting Vegas for a conference next week and spending a good bit of extra/free time with partner (no kids). Haven’t been to Vegas in probably 10 years but looking for fatfire ideas for things to do that are a bit higher end. + +We aren’t big gamblers and typically like higher end vacations that are a bit more exclusive. E.g. boutique hotels vs megaresorts. So looking for things where we can avoid the masses/tourist traps a bit. + +We are staying at the cosmopolitan, for better or worse, just what was arranged. But what things are must do items if we’re willing to spend the money? I wouldn’t say money is no option but willing to spend. + +Great spa experiences, any must see shows, helicopter tours, Race cars etc. whatever you’ve got. + +Sorry if this isn’t totally on topic but I figure this group knows how to approach Vegas much better than myself! +Yo Yo Yo waddup Apes!, Boner here...again, Coming at you with yet another OBV update post. Lets dive right into it shall we?🚀 + +&#x200B; + +[HODL THE LINE](https://preview.redd.it/we26nphx9h671.jpg?width=828&format=pjpg&auto=webp&s=d562f5b6c646597d7a94a0174ac13a610a273da1) + +So after many many requests I have made the post everyones been asking to see... + +Here is an overlay of the OBV and the GME chart! + +Let's take a gander at it and talk about what we're seeing! + +&#x200B; + +[180 day chart for GME\/ 180 day OBV overlay](https://preview.redd.it/yutnkl2bah671.jpg?width=828&format=pjpg&auto=webp&s=25ef9bebbc2952ea3f2321a3ec1f3b7124cbc623) + +What you have laid your eyes on is the 180 day chart for GME, The purple line you're looking at is the 180 day OBV (On balance volume) line. Now as you can see here the price of GME has fluctuated up and down drastically... or has it? Well from what the OBV tells me is that the price in theory should not have gone down at all.... according to the OBV the price has only gone up because of positive buying volume and or stayed stagnant sideways due to Diamond Hands. This tells us no one is selling and the Apes are HODLing their shares with there rock solid diamond hands. The hedge funds are manipulating the price to break lower on our chart; (more on this later). On the hedge funds charts the price of GME could be exponentially higher than what we see. Obviously this is speculation but something fishy is going on here.... + +&#x200B; + +"How could hedge funds keep the price of GME down if there is mostly positive buying volume?" + +&#x200B; + +[Vlad the stock impaler](https://preview.redd.it/52ig8y1nbh671.jpg?width=828&format=pjpg&auto=webp&s=700db55a05898ee4e8d69ca1f0d253481e7d0a3d) + +As I have said in my previous post... + +Thats because there is actually buying pressure outweighing the selling pressure or coming damn near close to being even!  + +\-There are many great DDs out there explaining how hedgies use ETFs to short gamestop. In my opinion I believe the OBV is indicating that YOU, the Diamond Handed apes are HODLING your shares and buying more that the OBV is staying up do to holding and buying pressure, and it proves that the price is indeed WRONG!  + +Hedgies are shorting gamestop through ETFs/ Dark Pools to artificially deflate the price, this keeps the price of GME down temporarily until they stop, once they stop shorting ETFs, GME begins uptrending because of buying pressure. Therebare no more shares available to short in Gamestop so they resort to shorting ETFs like Xrt which is a big one. this does not effect the volume on GME because the hedgies are shorting ETFs, not GME directly, therefore the price of GME deflates but the OBV is showing otherwise. This is only a temporary fix for the hedgies. They are FUK either way. + +This leads me to believe the price is 100% WRONG! Hedgies are trying to get Apes to paper hand and sell. And Apes are proving that it takes nothing to HOLD, and costs them everything to kick the can down the road. + +If you would like to learn more about the OBV and how it works please feel free to visit my original post + +[https://www.reddit.com/r/Superstonk/comments/o0fxnk/obv\_does\_not\_lie\_gme\_at\_217\_obv\_still\_rising\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o0fxnk/obv_does_not_lie_gme_at_217_obv_still_rising_the/?utm_source=share&utm_medium=web2x&context=3) + +I hope this helps any questions you may have! + +Thank you all for taking the time to read and hope it helped! + +&#x200B; + +[Remember DIAMOND F\*CKING HANDS](https://preview.redd.it/56bcsq9tch671.jpg?width=828&format=pjpg&auto=webp&s=1d990b8238e9f29d3416ed57b121de54281d8205) + +📈As for me, I like the stock📈 + +🐻Hedies R Fuk🐻 + +🚀🦍See you on the moon Apes 🦍 🚀 + +\-Boner out✌️ + +(If i missed something or if anyone has info to add please leave it in the comments or DM me and i can add it)   + +❌Obligatory: \*not financial advice\*❌ +It is a beat of expectations, but it's hard to tell where the stock will go with the influx of positive and negative news today. +[https://www.cnbc.com/2020/10/02/tesla-tsla-q3-2020-vehicle-delivery-and-production-numbers.html](https://www.cnbc.com/2020/10/02/tesla-tsla-q3-2020-vehicle-delivery-and-production-numbers.html) +&#x200B; + +This is the official AMA (Ask Me Anything) post for **Wes Christian**, who will be joining special guest host Dave Lauer- [u/d](https://www.reddit.com/u/jsmar18/)lauer- on [Superstonk Live](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) for a one-on-one discussion, with questions influenced by and taken directly from this post. + +**Please make comments on this post directly, as we will be referencing this exclusively to form the outline of questions for the AMA.** + +# Please visit the [Superstonk Youtube Channel](https://youtu.be/2rJujnpKiqM) and subscribe and enable notifications so that you are prepared for the [live stream on May 18, 2021 @ 4:30 p.m.](https://youtu.be/2rJujnpKiqM)eastern. + +Don't forget to like the video for more exposure! 👍 + +\--- + +&#x200B; + +[Wes Christian](https://preview.redd.it/zw5a517hs6z61.png?width=170&format=png&auto=webp&s=569504eb49246cae1e7b869684ae36057ce46963) + +# [Tuesday at 4:30 pm eastern we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!! + +# His primary focus in the last 11 years has been suing Wall Street for fraud. + +&#x200B; + +Wes Christian is a Texas attorney with [an accent as big as his list of accomplishments](http://www.csj-law.com/attorneys/jchristian.html)! Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, u/dlauer has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back... + +# Which is why we're having u/Dlauer cohost* this AMA with his old pal Wes!! We are literally assembling the dream team here!! 🚀🚀🚀🚀🚀🚀 + +**\*the AMA will be curated and hosted by** u/Jsmar18 + +&#x200B; + +**This AMA Post will remain active until the live stream begins, at which point this post will be LOCKED.** Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility. + +\--- + +**YOUTUBE INFO** + +Please note... **This channel is not monetized, nor will it ever be** (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to [r/Superstonk](https://www.reddit.com/r/Superstonk/) topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube. + +Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of [r/Superstonk](https://www.reddit.com/r/Superstonk/) and this community of diamond handed apes. +Summary: From a place of desperation my wife and I started to make slow changes to how we handled our food and drink intake. Over years small things have made a massive difference to our finances and we are now reaping the benefits. + +5 years ago now, we were spending in excess of £125 a week on our food shop, over £60 a week on take-aways. Not to mention the quick grab lunches at £5 a pop. Being from the west of Scotland, booze was a ritual: weekly nights out easily reaching £200; pre-drinks at home: £40. We were literally eating and drinking our money away. + +And our credit card bills seemed to be ever expanding just like our waistbands. + +Having not been taught about budgeting or about cooking, my wife and I would gorge; eyes often bigger than our bellies. Working stressful jobs and mixing it with an extended student lifestyle, convenience became our main gal and we paid for it in every sense. Surrounding ourselves with people of similar lifestyles, this was just 'the norm' and it never entered our minds to change it. To us, this was the money struggle everyone spoke about; we were renting, and even though earning okay wages we were completely unable to save. + +For the longest time, we threw money at every deal at the supermarket thinking we were saving, bought all the fresh food thinking we were being healthy, threw money at big named brands thinking we were paying for quality. We would come home with too much for 2 people to physically consume and at the end of the week large portions of our fridge contents were always thrown away - mainly, the fresh food. + +Then something came into my orbit and I got really into the show on BBC, 'Eat Well For Less.' I knew the show had a lot to teach me but the main thing at that time was cooking. So I started to make easy things quite successfully and tried a few supermarket branded items after seeing families enjoy it. This was the start of something. + +We tried different supermarkets from our usual Tesco, to test prices and test some supermarket branded food. We tried online shopping for a bit to control the urge to buy on impulse (recognising we both suffered with this ailment.) We did this regularly to try to help with diet too and it started working. + +We started meal planning and making lunches for work which saved on stress and money. At this stage £100 was a regular shop with the £60 take-aways and £240 booze bill still very much on the cards. + +For about a year we played with this and made small progress with money. We still had zero savings, credit cards were still being used and we were still living month to month but we started to feel like we were onto something. It was around this time that I unconsciously went vegetarian taking an out-and-out dislike to all meat and fish. + +This changed everything and we had to think outside the box in terms of all meals. Don't get me wrong, we struggled a bit and slipped back to buying too much with my wife still eating meat. It was a struggle at mealtimes to make and eat something together. My wife, the angel that she is, finally had had enough and threw in the towel: she'd decided to go vegetarian too. + +So we stopped having to buy meat and fish saving us £££s. Then eggs went, then cheese and before we knew it we were both vegan. + +We relied on convenience food, yes, but we were cooking more and more. Take-aways at that time offered very little vegan options so our food bills reduced. We were now on £70 a week with £10 for chips now and again plus the booze-fest weekly schedule costing £240+. Credit cards started being paid. + +A year later we decided we wanted to save a deposit for a house. This co-incided with living too close to family members who are functioning alcoholics. + +We talked a lot about drinking and were very honest with each other. Turns out we are happy all of the time - apart from when we drink. So, we went on a sober journey but hid it from everyone. Our friends and family could only deal with so many 'other' things at the time. We didn't want to be ousted. + +At the time you could only get a few non-alcoholic drinks, so we relied on tricks - drinking a coke with a slice of lime to make it look boozy while we were out, covering labels of beers in photos, making excuses about shots. We started secretly driving to pubs and clubs and not telling friends, so we saved on taxis. We could now go on a night out and spend as little as £20 between us. No munchies needed afterwards either. + +This was a game changer! + +We started to save and credit cards were finally gone. This took about a year and we eventually saved for a house. + +Taking a hard look at finances, we went further and started to budget to keep us in line with the progress we'd made. £200 a month seemed reasonable for food. + +We started making lists before going to the shops, checking cupboards and only buying what we knew we needed and would use that week. We still gave ourselves treats like crisps or chocolate now and again but our taste buds changed and we didn't need that hit as regularly. + +Now, after this loooong journey, we've converted to Aldi and moved even further away from any and all big name brands. We don't buy much convenience food at all now and have kept up with our low take-away spend. We spend about £30 on average a week and have a healthier diet because of it. + +We've unintentionally shed stones in this process. + +We've now started using apps like Shopmium and Green Jinn to get free things or discounts on stuff we were going to buy anyway. + +It's like we're different people now and looking back over the years it's strange to think of the things we did and the actions we didn't question at the time. There is no way we could have implemented all these changes at once, we would have failed miserably and probably still be stuck in that rut. Tiny changes really add up. + +Thanks for reading this v long post. I hope this is useful in some way for even just one person out there. + +TLDR: we were skint; watched Eat Well For Less; started cooking; stopped buying named brands; went vegan; stopped drinking; started budgeting and meal planning; now shop at Aldi; use coupons and discount codes; money gains. +Yes, the other 30-60 firms whomever is tweeting about need to be prosecuted. But legitimately, how can ANY investigative body ignore the actual market maker sending 90-95% of trades through the dark pools? + +There's no price discovery. The dark pools that Kenny helped design are clearly not just to trade between institutions. + +And why in the hell can't the SEC just turn off dark pools for a month to see what happens? I mean, that's rhetorical because it would implode the markets. + +Ignorance is bliss. I spent 36.5 years having no idea quite how badly I've been fucked as a working American. I had NO idea how truly fucked I was getting. I mean, I didn't even get an orgasm from this thing! +This may sound like an odd idea but I was thinking that whomever feels as if they understand a sector at a deep level, you can describe various things about that sector as if you were talking to a 10 year old. The hope is that people can expand their circle of competence by reading the description of a scholarly individual of that certain sector while also sharing information on their ‘best’ sector. + +For example: “My sector is [blank], this sector generates revenue by doing [this], this company does particularly well in [this] economy, etc. +I have a high rise apartment (1br/1bth) in Miami and it is already listed below market price. I am struggling to find interested tenants. + +I was wondering if this a problem many landlords are facing with the pandemic and how long was the unit vacant. + +Any input is greatly appreciated! +Background: I've been trading manually using technical analysis for about a year and have a fairly good grasp on TA and indicators. Also have a solid foundation in programming, work as a programmer and have a MSc in computer science. Have been using Tradingview and Pinescript for backtesting, but I'm starting to feel its limitations, so I want to start using something more powerful with access to more data. + +I wish to use Python, both because it's a language I know and like and because it seems to be widely used in algo trading. My main goal is to be able to design solid backtests where I can write custom indicators. I also want to be able to do automatic trading, but a good backtesting system is my main priority. + +These are the libraries/platforms I've considered so far: + +- QuantConnect + +- Backtrader + +- Backtesting.py + +- PyAlgotrade + +- bt + +A lot of people here seem to be using QuantConnect. I like that it provides lots of data for free, but I'm not so keen on having to upload my algorithm to their cloud. I have a good first impression of Backtesting.py — any opinions on it versus the others? Or any other good candidates? +Hello + +I've been using Reddit for a number of years but have set up a new handle to discuss finance related things - hence the low karma! + +Short version of my story: I'm a recovering gambling addict (942 days clean - attend GA weekly). I've always worked, but the addiction pretty much ruled my life for much of my 20s and 30s. I had a year's salary worth of unsecured debt across 30+ creditors and a credit rating of zero (yup, zero - I didn't realise they went THAT low!). + +As it stands, over the past two and a half years, I've paid back around 65% of my debt whilst rebuilding my credit rating (currently in the 700s according to MSE Credit Club). Whilst repaying debt, I've also been able to start building up some savings. I know some people will say that it's better to pay off remaining debts rather than save, but the peace of mind I get from having a bit of a nest egg is more valuable to me (plus all of the interest on the remaining debts is frozen, so they're not increasing). + +I can't believe I'm even in this position considering my financial position and state of mind just 2-3 years ago, but I now have enough saved up that I'm starting to look at ISAs etc. Last time I had an ISA, the limit was 3k a year... how things have changed! :-) + +So I'm going to have a read of some of the posts here and take part in some discussions and hopefully get my finances on the right track. Just wanted to introduce myself for now, so hi! +https://www.marketwatch.com/story/investors-have-51-trillion-hiding-out-in-the-shares-of-five-companies-which-will-be-tested-this-week-2020-04-27 + +Apple, Amazon, Microsoft, Alphabet and Facebook are about to report earnings. Investors’ expectations are high. More important than the earnings will be what the companies say about the future. I will be carefully listening to the conference calls. It is important for investors to remember that CEOs are highly incentivized to keep their stock prices high. +Renaissance Technologies is the Greatest Hedge Fund of All Time. + +Founded by math genius Jim Simons, it's flagship fund Medallion has an average gross return of 66.1% since 1988. + +With an average net return of 39.1% after fees. + +The Medallion Fund is available only to current and past employees and their families, closing to outside investors in 1993. + +Since, 1988, the Medallion Fund has racked up trading profits of more than $100 billion. + +Now, I mentioned a net return of 39.1% after fees: well, the fees have been greater than the usual '2 and 20' structure (which means a 2% management fee and a 20% performance fee). + +Medallion has had a 5% management fee, and from 1988 to 2001, a 20% performance fee and from 2002 until now, a 44% performance fee. + +Notice in particular the return in 2007 and 2008, a time when many were completely REKT. + +In 2008, a return (after these monstrous fees) of 82.4% + +**To make us all feel terrible, if you had invested $1000 into Medallion in 1988 you would have today, after fees, around $23MM**. + +That certainly beats inflation... + +So, how did they do it and what can we take away from this story (aside from searing jealousy)? + +&#x200B; + +**PART 1: The Early Stages** + +Early on, Simons had a goal of algorithmic investing. + +Remember, this was the late 1980s before the phrase big data became a household name and most investment decisions were made over the phone based on gut with the likes of Jordan Belfort trying to scam you! + +“I don’t want to have to worry about the market every minute. I want models that will make money while I sleep,” Simons said. “A pure system without humans interfering.” + +Simons hired Sandor Straus to help him collect historic commodity information + +Straus’ was essential to Renaissance Technologies early success in commodities trading. + +He became somewhat of a data guru ensuring pricing was consistent and accurate, checking his numbers matched with yearbook data provided by commodity exchanges, Wall Street Journal, other newspapers and anything else he could get his hands on. + +Over time, Straus and his colleagues discovered additional historical pricing data, helping the development of new predictive models. + +In fact, some of the stock market data they'd later find went back as far as the 1800s! + +At the time, the team couldn't do much with the data, BUT the ability to search modern history to see how markets reacted to unusual events would later help Simon's team build models to profit from market collapses and so called 'Black Swan events'. + +The return in 2008 is a prime example of that. + +Commodity markets were relatively simple and RenTec found success in deploying simple trading strategies. + +The fund wasn't bothered as to why these trading patterns existed - the only thing that mattered is that they occurred in a predictable and actionable way. + +&#x200B; + +**PART 2: Intellectual Capital** + +Now in order to build these quantitative models, RenTec is composed of mathematicians and physicists of the highest order and it has even been described as the "best math department in the world". + +Therefore, their quantitative researchers are well aware of the problems with data mining, over-fitting and spurious signals. + +We are taking A LOT of data: 9TB per day in fact. + +RenTec originally focussed on trading commodities, currencies and futures. + +The strategies were mainly trending (i.e. price will continue to move in same direction) and mean reversion (i.e. price will return to original value). + +Simons was experimenting in the stock market (equities) since the late 1980s but the strategy that had worked well on futures was not working on equities. + +In 1995, David Magerman, an early employee, spotted a line of simulation code used for the equity trading system showing the S&P 500 at an unusually low level. + +This test code appeared to use a figure from back in 1991 that was roughly half the current number. + +It had been written as a static figure, rather than as a variable that updated with each move in the market. + +Magerman also spotted an algebraic error elsewhere in the code. + +Finally, the simulator’s algorithms could finally recommend an ideal portfolio for the trading system to execute. + +The resulting portfolio seemed to generate big profits, at least according to Magerman’s calculations. + +Only then did Renaissance commit significant capital into the equity markets, and since then...well, pretty good.... + +&#x200B; + +**PART 3: Infrastructure** + +Now I mentioned before about the sheer amount of data RenTec is utilising. + +Big data has obviously caught on, but many hedge funds continue to under-perform the market and even some hedge funds focussed on quant methods haven't fared too well. + +The problem, and one of the reasons RenTec is so special, is the barrier to entry is so incredibly high: + +Building a data pipeline and the infrastructure required to process that data is no trivial matter. + +To then get profitable trading signals from that processed data is a mammoth task. + +RenTec has been in the game for over 30 years, constantly refining their algorithms and improving the efficiency of their data processing pipeline. + +They have completely automated the process of signal discovery: + +They don't hire researchers to manually derive novel insights or trading models from data, and they don't really bother with exclusive sources of data. Instead, they hire researchers to improve methods for automatically processing vast amounts of arbitrary data and extracting profitable trading signals from it. + +RenTec has automated the data processing and feature extraction pipeline end to end. + +The data is a pure abstraction to them. They don't bother with forming hypotheses and trying to find data to test them, they allow their algorithms to actively discover new correlations from the ground up. So many quantitative funds advertise how much data they work with, and how they have all these exotic sources of data at their disposal - but the data does not matter. The models for the data do not matter. + +The mathematics of *efficiently processing* that data are what matters. + +**CONCLUSION:** + +**The takeaway from this is the following: do not day trade, you will get REKT.** + +**You are competing with immense infrastructure and intellectual capital of the highest level.** + +&#x200B; + +[https://www.youtube.com/watch?v=jcy8QaILDJI](https://www.youtube.com/watch?v=jcy8QaILDJI) + +&#x200B; + +BRAVE BROWSER: [https://brave.com/fin894](https://brave.com/fin894) +Curious to know your opinions and how much risk you would probably take. How would you organize your portfolio if you had this much money? Would you be focused on growth or income? + +Edit: This is a hypothetical. But let’s say that there’s a high risk tolerance, and no need to touch the money for 20+ years. +Today i just put in my notice of resignation to a job ive been at for 4 years(salesman for family owned company). Was able to save up 125k over years. Just turned 29 + +As a ex-Felon I’ve finally found something that i can commit to where there is no ceiling(or bottom). + +First 6 months i plan on scalping and extensively learning all about the trading world. Ill probably stash 50k for yearly living expenses etc and the other 50k to my brokerage account. 25k i have for side business opportunities if they arise. + +Yearly mortgage + expenses about 30-35k for very comfortable living. I will have a time to focus on mental and physical health and nerd out. + +Im the sole provider for my family also so this will force me to be extremely disciplined but this is the closest thing to freedom I’ve ever felt. I cant seem to commit to things unless i go in 100%. Might seem ass backwards but im definitely not a traditional kind of guy + +After reading through lots of forums i just said fuck it. Time to chase my dreams . What say you redditors? Too late to change my mind now 😅 + +Edit: I’ve asked my job to consider giving me the opportunity to work remotely (commission only) for the company. +If yes, how did it affect your trading? + +What is some key information that helped you? + +Did it help you overall or just in one part of your trading? + +I'm planning to read it but it seems to me that it doesn't provide much technical analysis, just psychology which is kinda useless if you don't know what you're supposed to trade. I may be wrong, so am I posting this. + +Thanks! +We are becoming a very loud echo chamber. We are so entirely paranoid of FUD that anything and everything that isn't instantly confirming our bias is flagged as a FUD campaign. Comments and posts get downvoted into oblivion for offering different opinions or insight. For wanting to genuinely discuss possibilities that may rub people the wrong way. + +Now, don't get me wrong, we ABSOLUTELY need to be wary of FUD and cautious, but so cautious that anyone that so much as coughs is flagged as a shill? Come on folks. If we are closed minded and harsh as poor apes, what will we be as millionaire/billionaire/trillionaire apes? This isn't a political party, so why are we completely shutting down every ounce of conversation that an individual or two may not like? + +On top of that, we are also calling people shills for being *excited*. I mean, how TF is anyone supposed to react to anything? If you're excited, it's fud, if you're not, it's fud. Don't hype specific dates up, but it's OK TO BE EXCITED ABOUT POTENTIAL UPCOMING EVENTS OR NEWS. + +Just chill tf out and let people converse. If you have a counter point to someone's opinion or discussion topic, then actually offer it. Put your money where your mouth is and talk about it, instead of just downvoting, screeching "FUD" and dipping out. We are supposed to be better than the other subs, but a lot of you sound like you might as well be in the silver or canine coin cult. + +Tldr: let people talk. Let people be excited. If someone is worried about something, then either confirm their worries or put them at ease. Offer insight. Have a conversation. If someone being worried about something that we already have counter points to starts to spread, then we can put it out. Don't be a blind follower. Either bring something to the table to help, or chill tf out and keep hodling + +Edit: this got a little more of a response than I had anticipated. I'm weeding through comments, so give me a chance to reply. That being said, I know that things are better now than they used to be with Satori taking care of FUD. I know that there are likely just as many, if not more, examples of questions being met with atleast some answers. I only mean to say that we should be careful. It's a slippery slope into paranoia. + +Also, 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Over the weekend I've seen at least 10 VDHG posts in that fucking sad sub. They are so concerned about the underlying assets, small price movements, and MER on funds that averages something like 7% per year. Every damn post is VDHG or where to get the best interest rate on a savings account. + +I subbed to ASX_Bets for the higher risk and reward. The soft cocks over on the other sub seem to be unwilling tolerate any risk at all, yet think they are high and mighty being in VDHG, and dishing out investing advice to any redditors in their sub (all in VDHG). Shits me to tears. + +I love this sub, please don't change my fellow autists. +TLDR: + +Recently,four market rules were proposed which truly threaten Citadel and Virtu’s method of making money and also threaten the influence they are able to exert over both the market and Wall Street itself. Litigation has already begun and the fight will become intense. As you’ll see, these rules address problems made very clear by the events surround Jan 28, 2021. The causes of these rules and the popular support that has made them possible extends right back to the sneeze. **The issues they address were directly and clearly raised in the congressional hearings about GameStop, and an examination of the events shows a clear thread from Citadel/Robinhood and the sneeze to right now.** + +Citadel, Virtu, and others threatened by these rules WILL act to stop popular movement against it and will do everything they can to kill momentum and disengage individual investors like you. Our job is to make sure that doesn’t happen. Our job is to make sure they lose. + +LFG. + +We will begin... at the beginning + +&#x200B; + +# Game Stopped + +*"Citadel, with its expansive role in our capital markets, may pose a systemic risk to our financial system.”* + +\- Maxine Waters, Chair of the Financial Services Committee (i.e. the bosses of the SEC), with the understatement of 2021. + +Our memories might be growing fuzzy about the events surrounding Jan 28th, 2021, so let me help you a little bit. There were two hearings held about GameStop, and I'll be focusing on the one that took place on [March 17th, 2021.](https://www.youtube.com/watch?v=imRzHXRq80I) + +The new market rules stem *directly* from the testimony given in the hearings following the sneeze. If you'd like to see the whole thing again, the transcript is [here](https://www.govinfo.gov/content/pkg/CHRG-117hhrg44343/html/CHRG-117hhrg44343.htm) (just CTRL+F for things like "payment for order flow" and cycle through what you find). I'll also link you to the video of the hearing. Here's a good exerpt ([video of testimony](https://youtu.be/imRzHXRq80I?t=1052)): + +*"Payment for order flow presents an undeniable conflict of interest. While it may enable free commissions and explicit cost, there are implied costs we feel everyone ignores. While payment for order flow is legal, we have long wondered how it possibly could be.* ***How can a broker, charged with the duty of getting its clients the best available prices, do so by selling the clients' orders to sophisticated high-frequency trading firms, who, in turn, will make billions of dollars trading against these orders?****"* + +That's something to keep in your head: these firms, Citadel chief among them, make *billions* off this business model. This means big money, which they need to keep the circus going. This is important. + +&#x200B; + +Dennis Kelleher of Better Markets [also highlighted the problems with PFOF](https://youtu.be/imRzHXRq80I?t=2288): + +*"...retail investors are virtually guaranteed to get the worst execution. That written testimony and those slides demonstrate that the markets are not a level playing field. They are rigged to advantage the sell side against retail investors, pension funds, and the buy side generally. But* ***these markets are too often a wealth extraction mechanism to enrich the few at the expense of the many."*** + +Note the focus on "best execution". We see that certain tools, such as control over order flow and dark pool tick size exceptions, grant wholesalers like Citadel an unacceptable amount of control over prices and make them billions in the process. Later in the hearing, Kelleher goes on: + +*"So they are claiming, and Mr. Tenev said in the last hearing, \`\`We got price improvement. We do great for our customers.'' According to what? It is according to the NBBO, but the NBBO only reflects about 40 percent of total orders, in the least liquid market that there is at the time right now, which is the LIT markets. And Mr. Arnuk is right. It doesn't include odd lot and it doesn't include, by the way, hidden trades, also 20 percent of the market."* + +He is calling out Robinhood, and by extension Citadel, on their bullshit. Citadel and their ilk LOVE to talk about how they get retail the best prices and do amazing for retail and blah blah blah; this is part of why commenting is so important - we have to be there to call bullshit. And if you read into the testimony at that hearing, you'll almost exclusively find experts also calling out that bullshit. + +As I went through the testimony, I found that the four new rules recently proposed by the SEC, the "massive market overhaul", do in fact stem directly from the events of Jan 28th, 2021. The very same issues brought up in the hearings about GameStop are being addressed by these rules. The very same. And together, those four rules not only threaten Citadel's ability to make money hand over fist, but threaten their ability to control market prices, and by extension market participants themselves ("Don't trade against me or else"). + +We see them discuss tick sizes: + +[At multiple points, the effect of sub-penny tick sizes came up. In dark pools, they can trade between pennies and make a lot of money. That should end. There is a proposed rule about this now. ](https://preview.redd.it/yywlf5ksue8a1.png?width=654&format=png&auto=webp&s=e0799308b2c247f82f44f6cec386ea634b535d1e) + +And we see things like better disclosure of price improvement/etc, and order-by-order competition: + +[TLDR: Robinhood, Citadel, and others are constantly bullshitting about how much they are improving prices so they can keep the circus going.](https://preview.redd.it/xp60sehcve8a1.png?width=629&format=png&auto=webp&s=34f7b40957a2654fdf4a4e02ec37764f80e9679d) + +As we will see, the four new rules speak directly to these issues. Citadel's control of execution and its ability to package retail orders and ship them off to dark pools is a major problem and (of course) a major source of $$$ for them. So dismantling this structure is important. The development of the approach to do this took a long time. + +Let's have a short catch-up, shall we? + +&#x200B; + +# The Timeline So Far + +**MARCH, 2021:** [Congressional Hearings held.](https://www.govinfo.gov/content/pkg/CHRG-117hhrg44343/html/CHRG-117hhrg44343.htm) As we just saw, there were issues discussed regarding PFOF, order execution, order competition, tick sizes, and more. + +&#x200B; + +**APRIL, 2021:** [Gary Gensler appointed chair of the SEC.](https://www.sec.gov/news/press-release/2021-65) + +&#x200B; + +**OCTOBER, 2021**: [Gensler floats banning PFOF](https://www.investopedia.com/sec-considers-banning-payment-for-order-flow-5199447) + +&#x200B; + +**DECEMBER, 2021**: [SEC unlikely to ban PFOF](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/sec-unlikely-to-ban-payment-for-order-flow-68191998) + +1. *"Changing best execution rules is more likely than a ban of payment for order flow*\*"\* +2. *"Improved disclosure regarding execution quality for transactions is more likely and would be preferable to a ban on payment for order flow"* +3. *"The SEC's regulatory agenda published in fall 2021 indicated that it might address these topics. It included a proposed rule on equity market structure modernization — including order routing and best execution."* +4. *"The SEC may not get to the issue this year because Chair Gary Gensler is far too ambitious in the scope of his regulatory aims."* Got to give it to this article... they called things pretty accurately. + +&#x200B; + +**FEBRUARY 2022:** [Gensler gives an interview to Bloomberg](https://www.bloomberg.com/news/videos/2022-02-03/sec-s-meme-stock-response-coming-next-week-gensler-says-video) in which he dropped the bomb about dark pools that some of you may remember: *“In the equity markets right now, if you place a retail market order, 90-95% do not go to the lit exchanges … they go to wholesalers. They don’t have order by order competition. Part of that is because of PFOF.”* + +He also said: *"...basically a lot of our market right now is dark, it’s not in the lit markets, it’s dark and going to wholesalers, and how do we get more transparency and* ***competition in the market***\*, and so each feature is on the table, whether it’s something called the\* ***minimum increment or tick size*** *… and* ***how the order routing works***\*, and yes that includes not just PFOF but possibly … exchange rebates. It all fits together.”\* Gensler is clearly thinking about and working on the issues covered in the GameStop hearing. Note: at this point Dave Lauer was mostly blogging on his company's website and wrote a review of this interview [here.](https://www.urvin.finance/blog/dissecting-the-recent-gary-gensler-interview?ss) + +&#x200B; + +**MARCH 2022**: Dave Lauer starts We The Investors and writes a letter about PFOF for Gensler. [70,000 of us sign it](https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on) and this gets Dave an audience with Gensler about PFOF. + +&#x200B; + +**JUNE, 2022:** [Gensler unveils plan to overhaul Wall Street stock trading.](https://www.reuters.com/markets/us/wall-street-regulator-spell-out-push-overhaul-stock-trading-sources-2022-06-08/) *"Investor advocates praised the SEC's plan, which would be the biggest shake-up of U.S. equity market rules in over a decade. But financial industry executives quickly blasted the plans, saying they could hinder commission-free brokerages from serving more investors."* + +&#x200B; + +**JUNE 2022:** [Doug Cifu, CEO of Virtu Capital ("the other Citadel") starts publicly freaking out over Gensler's comments.](https://fortune.com/2022/06/13/virtu-ceo-sec-payment-for-order-flow-pfof-auction-model-stock-trading/) + +&#x200B; + +SEPTEMBER, 2022: [The SEC rules out banning PFOF.](https://www.investopedia.com/sec-won-t-prohibit-popf-6742632) You may remember the freak out around here at that time. But, a closer look at the events surrounding these rules (e.g. what you're doing right now) reveals that PFOF *is* getting dismantled, but in a way that is at least somewhat protected from litigation. And Virtu / etc. have indeed been threatening litigation about this. Remember: [Wall Street has laywers. Good ones. And if you step outside those lines, they'll sue you. And win.](https://www.youtube.com/watch?v=-Eyo0u4_sYI&t=258s) So the SEC needs to be careful about how they approach this. The last thing any of us want is a quick ban on PFOF that gets reversed, setting precedent and fucking shit up. + +&#x200B; + +**NOVEMBER, 2022:** [Doug Cifu continues publicly freaking out over the coming rule changes.](https://www.bnnbloomberg.ca/virtu-ceo-alarmed-by-sec-effort-to-overhaul-stock-trading-rules-1.1841381) *"Cifu has been a vocal critic of the SEC’s attempt to change the current market structure, and devoted much of his third-quarter conference-call commentary to the agency’s efforts."* + +&#x200B; + +**NOVEMBER, 2022:** [Doug Cifu sues the SEC over the coming rule changes.](https://www.reuters.com/business/virtu-sues-us-sec-securities-regulator-over-records-request-2022-11-29/) Notably, [Virtu requested things from Dave Lauer's meeting with Gensler.](https://www.reddit.com/r/Superstonk/comments/z8ymb4/turns_out_that_pfof_petition_did_something_virtu/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**DECEMBER, 2022:** [The SEC finally proposes the rules.](https://www.reuters.com/markets/us/us-sec-vote-proposal-overhaul-stock-market-rules-2022-12-14/) [SEC market overhaul to boost exchanges, hurt brokers.](https://www.investmentexecutive.com/news/research-and-markets/sec-market-overhaul-to-boost-exchanges-hurt-brokers/) + +&#x200B; + +DECEMBER, 2022: [Citadel breaks its media silence to tell you that these rules are no good and should never happen.](https://www.youtube.com/watch?v=jV14L5k1vzc&t=300s) + +[oh no](https://preview.redd.it/1wlosfmmcf8a1.png?width=960&format=png&auto=webp&s=17446796fbca36a942b7216f0433340efabc0098) + +# "Massive Market Overhaul" + +So given that these rules are receiving so much pushback from Citadel, Virtu, and other lovers of PFOF... what are they? + +Dave Lauer wrote some good summaries of the rules [here](https://www.reddit.com/r/Superstonk/comments/zlupr4/massive_market_structure_changes_and_direct/). For convenience I'll provide some of the blurbs below: + +1. **Regulation Best Execution.** This one addresses how Robinhoods and Citadels just bullshit their execution quality to say "look we're doing so good for retail" when they're just shaving pennies and making a fuckton of money off degrading the quality of our buys and sells. + 1. Fact Sheet: [https://www.sec.gov/files/34-96496-fact-sheet.pdf](https://www.sec.gov/files/34-96496-fact-sheet.pdf) + 2. Summary: Finally, Regulation Best Execution would establish a best execution standard (the SEC does not have one - only FINRA does), and this standard would hold brokers that engage in “conflicted transactions for or with a retail customer” to a higher standard. + +&#x200B; + +2. **Order Competition Rule.** This one addresses PFOF most directly and seems to be the workaround to the "if you ban PFOF we will sue you into the ground" problem. Competition is what the SEC must encourage, and PFOF stifles competition to the detriment of investors, so... + +1. Fact Sheet: [https://www.sec.gov/files/34-96495-fact-sheet.pdf](https://www.sec.gov/files/34-96495-fact-sheet.pdf) +2. Summary: ***The proposal to enhance order competition would effectively end internalization and wholesaling as we know it***\*, although it wouldn’t end it completely. They’re basically saying that from now on, when a retail broker gets an order, unless it’s executed at the midpoint, that order has to be sent to an auction facility (it can be on-exchange or off, but the bar for running one off-exchange is very high) where anyone can compete to fill the order. Only if the auction fails can the order be executed by an internalizer.\* + +&#x200B; + +3. **Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders.** This rule addresses the penny shaving. We've all seen the screenshots of GME bids/asks out to 4 decimal places. Bye bye to that. + +1. Fact Sheet: [https://www.sec.gov/files/34-96494-fact-sheet.pdf](https://www.sec.gov/files/34-96494-fact-sheet.pdf) +2. Summary: *The most important part of this is the tick size changes. Today, internalizers have a regulatory advantage over exchanges - they can execute orders at any pricing increment - that’s why we see so many 1 mil price improvement trades and prices that go out to 4 decimal places.* ***These changes would end that practice...*** + +&#x200B; + +4. **Disclosure of Order Execution Information.** More stuff to prevent bullshitting about "order execution quality". + +1. Fact Sheet: [https://www.sec.gov/files/34-96493-fact-sheet.pdf](https://www.sec.gov/files/34-96493-fact-sheet.pdf) +2. Summary: *Changes to Rule 605 that will modernize execution quality disclosures, and extend those disclosures to retail brokers. Brokers will finally have to publish standardized execution quality metrics that we can use to compare how good of a job they’re doing at executing orders, and what kind of execution quality they’re getting from their counterparties.* + +&#x200B; + +# IN CONCLUSION... + +Collectively, they dismantle the ability of wholesalers like Citadel and Virtu to dominate retail market orders, make billions by shaving pennies, and exert influence over prices and by extension other participants in the market. + +If these rules pass as-is, Citadel could lose critical funding it needs to keep the circus going. As we are aware, their financial position is pretty precarious. Citadel could also lose the power and leverage they need to control prices. This is big shit. + +We have until **March 31st, 2023 to comment on these rules.** So there is time! Lauer said he'd be helping people with comments this time, which is a good development and I hope he does a great job. So stay alert for DD and stay aware of what is going on with this. And when the time comes, COMMENT. + +From what I can tell our commenting is having a real impact on how things are progressing and the overall narrative about the stock market - more on that in a future DD. + +Don't underestimate these 4 new market rules!! + +# BUY HOLD DRS BOOK SHOP COMMENT + +Thank you for reading! +**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 30 4:07PM:** + +Will still stream tomorrow, but will be gone between 10am EDT and 11:15am EDT for a midterm so will pause the stream then. + +**Edit 29 4:00PM:** + +Ending around 170.24, down 4.34%. Overall downwards day on low volume. Nothing too crazy. + +**Edit 28 3:21PM:** + +Pretty consistent block of buying volume. Possible confirmation of a bounce. + +https://preview.redd.it/qnl5gccn20s61.png?width=2142&format=png&auto=webp&s=de4e6d236990c3a01193f6990c352ea0f48c1a91 + +**Edit 27 3:00PM:** + +Back for power hour. [https://www.youtube.com/watch?v=8b1HpyHxqa4&ab\_channel=WardenElite](https://www.youtube.com/watch?v=8b1HpyHxqa4&ab_channel=WardenElite) + +**Edit 26 2:42PM:** + +I've sold my tea leaves on ebay and used the proceeds to buy a share of GME. + +**Edit 25 2:38PM:** + +The positive news today has fudged up my timing, but yes, there is a dip cooking right now. + +**Edit 24 2:37PM:** + +SSR is at 160.17. + +**Edit 23 2:32PM:** + +It's really amusing how shorts can drop the price so much with almost no volume. + +https://preview.redd.it/xx7skqhztzr61.png?width=2143&format=png&auto=webp&s=d120e3ec626c2ec161cc8d6251ef966d3a045a80 + +**Edit 22 2:27PM:** + +Maybe I need to spend some money on some premium tea leaves. + +**Edit 21 2:22PM:** + +I guess there is a discount today after all! Thanks Ken! + +**Edit 20 2:19PM:** + +No volume here folks. <60k on average per minute candle. As Uncle Bruce likes to say, "they want to make the stock look awful". + +Honestly the stock looks great to me because I like the stock. + +**Edit 19 2:18PM:** + +My tea leaves have lied to me. + +**Edit 18 2:05PM:** + +Around 10k volume a minute. So low.... A bit higher than yesterday but it's still crazy low. + +**Edit 17 1:47PM:** + +I'm reading my tea leaves right now and it says double bottom. + +https://preview.redd.it/b7ib3pyxlzr61.png?width=2126&format=png&auto=webp&s=eb6ae0c6ab9013a38e22c34e3b234ed5b85779fd + +**Edit 16 1:38PM:** + +GO DROP RYAN A LIKE AND A FOLLOW! + +[https://twitter.com/ryancohen/status/1380212953748676608](https://twitter.com/ryancohen/status/1380212953748676608) + +https://preview.redd.it/f9t6b7ddkzr61.png?width=584&format=png&auto=webp&s=3caae970dfc52b1155e949c89662e6535f1405a5 + +**Edit 15 1:32PM:** + +GME trading like a penny stock again. Such low volume! + +**Edit 14 1:02PM:** + +Prediction for the day: - - - - - - - -> + +**Edit 13 12:35PM:** + +As for option sonar, these puts were sold. So nothing bad. Typically a bullish sign. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/qqrdhue59zr61.png?width=2463&format=png&auto=webp&s=839e09c61f0dbde4d8432d21a01926ba71f291dd) + +**Edit 12 12:30PM:** + +Basically a split itself doesn't trigger covering. But a recall of shares to vote on a split would. Scratch out point B, now that I think about it, they will have covered anyways before the split happens. Correct me if I'm wrong. So the cheaper price shouldn't factor in. However it is good for post squeeze, as retail can buy in cheaply. + +**Edit 11 12:16PM:** + +Let's talk strategy. + +IV seems to have a hard time going any lower. They will likely keep this trading sideways until the next catalyst. + +https://preview.redd.it/rszdaggq5zr61.png?width=2124&format=png&auto=webp&s=df0482e9c06768752a667fadbf65ad026a7c82d5 + +My best guess is **a share recall for a stock split. This is pure speculation but this would be a great move in my opinion. A) it forces shorts to cover. B) (edit) it makes the stock cheap so tons of retail can buy back in post squeeze.** This seems like a perfect infinity squeeze setup as well as a good post squeeze recovery. + +Will we continue to trade sideways into 4/16? Yes that's possible. All for the sake of keeping IV low. This largely depends on if they do a share recall announcement, and when. + +**My best guess for the future, is that IF a share recall is announced, we may see some major action. Most probably sometime between next week and 4/20... blaze it ;) !** + +**Edit 10 12:04PM:** + +Please read the recall post :D + +**Edit 9 11:46AM:** + +Since I didn't have time to read on stream, I read it now and would like you all to do the same, **please read this about contacting your brokers and the share recall:** + +[https://www.reddit.com/r/Superstonk/comments/mmt5rq/420\_share\_recall\_explained\_why\_its\_important\_that/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_medium=android_app&utm_source=share) + +**Edit 8 11:28AM:** + +Ok stream is back up, the YouTube editing tools kind of suck. [https://www.youtube.com/watch?v=ih79GhTXRdA&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ih79GhTXRdA&ab_channel=WardenElite) + +**Edit 7 11:21AM:** + +**New support added at 174.** + +We seemed to have bottomed out. + +https://preview.redd.it/zevyu0qxvyr61.png?width=2133&format=png&auto=webp&s=3830a361094f2988e5332868bf8b2a43ebabacad + +Edit 6 11:20AM: + +Gonna just trim out the roofing hammering parts so I've made the stream inaccessible for a bit. I'll have it back up later today. + +**Edit 5 10:26AM:** + +Seems it's the 40% chance option. I don't think we will get a 5%-10% discount, but we can dip further. + +https://preview.redd.it/lnhymrn2myr61.png?width=2141&format=png&auto=webp&s=02b85e043a09344bfeea7bb8d5b052f1a352c4e7 + +**Edit 4 9:56AM:** + +We'll likely see an ascending channel soon. 9:50AM seemed to have happened. + +https://preview.redd.it/lnxv7ugrgyr61.png?width=2136&format=png&auto=webp&s=48e9969642977fdb9413a14ccf88818b54cf22b3 + +**Edit 3 9:45AM:** + +Important points on the Form 8k. + +https://preview.redd.it/ockx8geseyr61.png?width=1934&format=png&auto=webp&s=c88b95369ad623ccc8c307a94a964bd6319dfef5 + +**Edit 2 9:34AM:** + +Swing traders exiting at open. Nothing too crazy. Almost 1 million volume first minute. Pretty decent volume. + +https://preview.redd.it/n0cpc8dtcyr61.png?width=2135&format=png&auto=webp&s=7d95cd8f08e4ceea52b3da7814e10750d5c53902 + +**Edit 1 9:18AM:** + +Sorry **I will not be streaming today**. My neighbors are doing roof repair and it's loud as heck. They are straight up replaced their entire roof so there's going to be banging and sawing all day. + +**EDIT NEVERMIND** [https://www.youtube.com/watch?v=ih79GhTXRdA&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ih79GhTXRdA&ab_channel=WardenElite) + +# Begin Reading Here + +Gooooooood morning my beautiful silverback apes! + +Ah yes. The 10% odds have hit. **No discount today my friends :D** + +To quote myself: + +>Forget options chain, forget TA, what's coming soon is **a chain of business maneuvers that can push the price.** So whether that be a share recall, **a change in leadership**, big business changes are underway. Eventually we'll likely walk out of the eye of the storm, and get flung into the sky and catch a rocket to the moon :D + +Looks like Cohen and Grube have just leveled up. Melvin and friends' plan to short today just got STOMPED. It's like Cohen picked up the invincibility power up and now he's stomping the hell out of the shorts. + +https://preview.redd.it/167dakyi9yr61.png?width=1200&format=png&auto=webp&s=e0596a9fc2522a37d3bcebfad0c9c7f0d7c8a12a + +# Premarket Analysis + +I mean holy pepperoni pizza. Just look at premarket. + +https://preview.redd.it/wd9wpq5q9yr61.png?width=2134&format=png&auto=webp&s=e59ea75bb76f47a87ba7fe00e5e5c1dde814ab54 + +Enjoy a good day of trading my friends :D +Lads can someone please please explain to me how the fuck brainchip company has a market cap of around 2 billion now?! I haven't reviewed their financials yet but am of the understanding their actual revenue is still extremely low, and future revenue streams will also still be super low even if these new agreements come to fruition. WTF is going on here!? My guess is another full pump to maybe 1.50 and then crash back to 0.50 cents mainly due to fomo and stupidity. Please +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/EKU2tVBp9u). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | | [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +So I have about $30,000 in one of my savings account. It's just sitting there. I have another account that I use as my spending/living money ($30,000 as well). + +I'm only making $2 a month off interest. I know nothing about investing. What are my options to invest my money to help it grow faster? Are CDs worth it? What's a good place to put $30,000 and have it grow? Thanks! +Hey guys, + +I was diagnosed terminal a few weeks again. I’ve been battling stage 4 testicular cancer for about a year and half now. Unfortunately the cancer has went to my brain and numerous tumors keep growing. I started high dose chemo but to do stop. + +Anyway, I only have about $8,000 in my 401k and I’m thinking about withdrawing the money. I’m not exactly sure how to go about it, it I even can, and what the taxes might be. It’s through Fidelity. + +Could use some advice. I’m only 25 and opened this 401k for about a year into my employment (I’ve been working for about 3 years now right out of college but I’m still learning these things). + +Had it was more money, I’d probably keep it closed and let it go to my beneficiaries but I could the money right now for myself. + +Thanks +Alex + +Update: Thank you ALL for your well wishes. I didn’t expect it. 💜🤛🏼 +To start, I know we're all at different levels and some people literally can't save. That's fine. This advice might not work for everyone. + +But I used to ignore people when they said **just set your direct deposit to automatically transfer money from your paycheck to savings** . I thought that just wasn't *me*. I thought I'd inevitably end up taking the money out. + +For some reason, I decided in October to try it. I set my direct deposit up to put $150 per pay period into savings. (You could set it to anything you can afford to spare. $10, $25, $500, $1000, whatever.) + +Lo and behold, I've actually been able to stick to it. Sure, it's been insanely hard. I ended up with $4 in my checking account for about a week and ended up eating ramen several times. + +But that's okay because now I actually have a decent emergency fund. The thought of my car breaking down or my dog having a medical emergency doesn't give me panic attacks. + +What's some advice you used to ignore but starting using with great results? +I was thinking about this when doing our taxes the other day. My wife and I only work three days a week each at the moment while the kids are young, and I think I initially overestimated our income to Centrelink and we will get some childcare money back. + +At the moment, we don't have loads of disposable money, but we have enough to get by and importantly, we have enough time so that the kids don't have to be in childcare every day and we don't pay too much in tax. + +Obviously, we could work more, earn more and have the kids in childcare longer, but then we would pay more for care and would see them less. + +Do you think there is a salary sweet spot for families with young kids? If so, what is it? + This is the official $GME Megathread for [r/Superstonk](https://www.reddit.com/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 [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | | [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot) + +important links + +[SuperstonkBot ia 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](https://www.reddit.com/r/Superstonk/). + +*Daily discussion threads are created at 9:00 a.m. EDT* +Have been reading about Fractional real estate investment. If anyone invested in these could give insights into how risky investments these are( say. compared to say REITs), minimum investment(generally depends on properties but a ballpark figure will do), and what's the best way to invest in these? + +[https://www.financialexpress.com/money/fractional-ownership-the-smart-way-to-own-an-asset-in-modern-times/2261400/#:\~:text=Fractional%20ownership%20is%20emerging%20in,been%20transformed%20by%20fractional%20ownership](https://www.financialexpress.com/money/fractional-ownership-the-smart-way-to-own-an-asset-in-modern-times/2261400/#:~:text=Fractional%20ownership%20is%20emerging%20in,been%20transformed%20by%20fractional%20ownership). +I bought 13 192/193 SPY debit spreads during Marchs low + +I’ve been holding them up until now + +Yesterday at 9pm the 193 Call got assigned and I went on Margin Call for $600,000 + +I already contacted Robinhood and someone responded back but their taking a while to really help + +What am I supposed to do? Do I owe Robinhood $600,000 dollars? + +My 192 contract is worth $119,000 and I got a credit of $250,000 that hasn’t come through yet? Am I supposed to get this? + +My buying power is also negative $1,200,000 + +I have NO clue what’s going on with my account + +Images: https://imgur.com/gallery/ow40OqY +Image 2: https://imgur.com/gallery/YPBuxTv +Image 3: https://imgur.com/gallery/tVHnhVN +Full history of debit spread: https://imgur.com/gallery/HU8Ke3f + +I’m so scared guys idk what’s going on + +So I just exercised my call and it seems I don’t have a Margin Call anymore BUT my buying power is now negative $1,400,000 what now? + +^^ +https://imgur.com/gallery/DDnGHML + +Hey all so exercised the call and I am NO LONGER IN A MARGIN CALL!!!! Although my buying power still shows -$1,400,000. Someone explained that this is still fine though so l I’ll update this post later tonight if anything changes thank you all + +I swear I thought I was in big doodoo and didn’t even get an ounce of sleep last night + +**UPDATE: First and foremost I wanna thank each and everyone of you for helping me. The amount of people on here that we’re helpful and gave me real deployable advice is second to none.** + +**I am in debted to all of you for helping me through this and some more than others. From the bottom of my heart thank you. If it wasn’t for you guys I would’ve been in absolute chaos.** + +Update: Really I’m only worried about the negative $1,400,000 buying power but a lot of you ave reassured me that’s going away with nothing to worry about so hopefully by tomorrow morning it’s completely gone + +Edit: if the negative $1,400,000 is still there tomorrow what are the next steps anyone know? Still a little shaken up by this tbh. But I know all of you reassured me this is going away soon and it’s nothing to worry about. + +**UPDATE: I DO have margin on! Here is the image https://imgur.com/gallery/vH8qFgC , I have $50k on RKT and another similar amount in BIGC does this change the negative $1,400,000??? Does this mean this ISNT going away?** + +**FINAL UPDATE: https://imgur.com/gallery/fUWtF86 +I WANNA FUCKING KISS ALL OF YOU** +Since going public in early May, the stock has raced nearly 600% higher, taking its market cap above $10 billion. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy’s, Xerox and Mylan. + +https://www.cnbc.com/2019/06/19/beyond-meat-has-had-a-mega-rally-but-ipo-euphoria-might-not-last.html +You've probably heard by now that, despite our best efforts, the U.S. Senate *failed to even vote* on any alternative to the horrible cryptocurrency provision that may kill the crypto industry in the U.S. This means that wallet producers, miners, Dapp creators, and basically everyone else will now require KYC of their customers/users or face harsh penalties from the IRS (the U.S. tax collector). These are the 6 Senators (listed in no particular order) who are responsible for the cryptocurrency disaster in the Infrastructure Bill. We will remember their actions and vote them out! + +**Rob Portman (R-OH)** – drafted the disastrous, original cryptocurrency provision. When Toomey, Wyden, and Lummis introduced an amendment to fix the provision, Rob Portman publicly supported their amendment before blindsiding everyone with his own, worse amendment. Portman has proved himself to be a puppet for Janet Yellen and Wall Street. + +**Mark Warner (D-VA)** – wrote the worse crypto amendment with Rob Portman, creating chaos in the Senate and causing Portman to recant his previous support of the Toomey/Wyden/Lummis amendment. Because the Toomey/Wyden/Lummis was bipartisan and already widely expected to pass, Mark Warner’s co-authorship of the Portman amendment gave the Portman/Warner/Sinema amendment bipartisan sponsorship, giving it legitimacy to contend the Toomey/Wyden/Lummis amendment. + +**Kyrsten Sinema (D-AZ)** – did not write the worse crypto amendment with Portman and Warner, but signed onto the amendment later to give it legitimacy. Kyrsten Sinema was one of the two leaders of the Senate Infrastructure Bill negotiations, along with Rob Portman. Once Sinema signed onto the Portman/Warner amendment, it became extremely difficult for other senators to publicly oppose the Portman/Warner/Sinema amendment, because it became a symbolic rejection of the Infrastructure Bill as a whole. This is why we only saw Republicans who already indicated they would vote against the Infrastructure Bill publicly commit to the better, Toomey/Wyden/Lummis amendment. + +**Bill Hagerty (R-TN)** – 99 out of 100 Senators voted to expedite the Infrastructure Bill, which would have led to an opportunity for proper consideration, debate, and voting on the cryptocurrency amendments. Bill Hagerty was the ONLY Senator to vote against expedition. This forced the Senate to either take a vote to end debate and force a vote on the *whole* Infrastructure Bill within 30 hours, or to take a recess until September 13, 2021. Once the Senate voted to end debate, it meant that the cryptocurrency amendments would not even be voted on without unanimous consent of all 100 Senators. Hagerty effectively increased the number of Senators who needed to support a crypto amendment from 60 to 100. + +**Richard Shelby (R-AL)** – 99 out of 100 Senators consented to vote on the mega-compromise Toomey/Lummis/Warner/Portman/Sinema amendment which was substantially similar to the good Toomey/Wyden/Lummis amendment. It was widely expected to pass, and we would have seen a resounding success. However, Richard Shelby was the ONLY Senator to refuse to consent, because he conditioned his consent on the Senate also approving $50 billion in military spending. When this idiotic ultimatum was rejected, Richard Shelby objected to the cryptocurrency amendment, leaving Portman’s disastrous, original cryptocurrency provision intact. + +**John Thune (R-SD)** – the Senate Minority Whip. His ONE job is to make sure that the Republican senators vote with party leadership. He failed this TWICE by allowing Bill Hagerty and Richard Shelby to block the crypto amendments. How hard could it be to get corrupt politicians to vote with a corrupt party? Just promise to give the Republicans candy if they vote with the party. I used that strategy to win my middle school student government election in a landslide. + +Also, fuck **Janet Yellen**. The unelected, 74-year-old Secretary of the Treasury was the person behind the cryptocurrency provision in the first place, as well as the Portman/Warner/Sinema amendment. It’s no surprise that the woman who took $7.2 million in speaking fees over the last two years (almost entirely from banks) was behind this attempt, at every step of the way, to systematically destroy cryptocurrency and DeFi. And of course, because she was unelected, we have no way to vote her out. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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How much should I be saving? I have a year and a half until I'm 16 and need a car. Thanks! +Edit: Thank you everyone for all the information you gave me. +At some point I want to cash out of doing rentals....but then where do you park the money? Always thought single family homes were still a better investment than me investing in stocks or bonds. Guess I could hire a property manager, but I have always manged my own..... + +So you end up with chunks of change....only to invest it back into the market.....Anyone have ideas? REITS, Bonds, etc... + +"Why alt should I buy" - everyone just names whatever they are holding + +The key is to ask WHY, ask for pros AND CONS. + +"It's got a great team" - that's not enough, how big is the team, what kind of credentials do they have, have they been involved in a scam coin before, and so on + +And remember you're still receiving a sales pitch. + +Linked to a Youtube video? it's often just another "crypto-expert" gushing over "how great" yet another coin is, because they've just bought it + +Even news from crypto "news" sites is rarely objective, at the bottom of practically every article is a disclaimer that they or the company that owns them has a holding in those coins + +Be skeptical. Once someone can give you a decent overview of a coin, do your own research from there, read the whitepaper and so on. + + + +I’m 27 and work at a faang and basically am living at home like a loser due to covid ; I take 90 pct of my income and have been investing in growth stocks for a few years now . I live quite frugally and barely spend money unless it’s to support family . + +Is it really worth this life style to basically piss away the prime years slaving in tech and hoping for some retirement ? +&#x200B; + +## Written by: Scott Phillips, Lavaca Capital + +Source: [https://www.cboe.com/insights/posts/the-vix-index-and-muted-volatility-in-2022/](https://www.cboe.com/insights/posts/the-vix-index-and-muted-volatility-in-2022/) + +Despite increased realized volatility in the equity market during the first five months of 2022, the response of the VIX Index was truly anomalous. Lavaca Capital’s Scott Phillips breaks it down in this guest blog. + +The [Cboe Volatility Index](https://www.cboe.com/tradable_products/vix/) (VIX Index) is a calculation designed to estimate the 30-day expected volatility of the U.S. stock market by aggregating the weighted prices of S&P 500 Index call and put options over a wide range of strike prices. Options traded on the S&P 500 Index that have maturities between 23 and 37 days are used to calculate the price of the VIX Index. While this measurement gives us a look into the market’s expectations of future volatility, it does not paint a complete picture.  + +There are currently 9,547 listed put and call option contracts on the S&P 500 Index, ranging in maturity from one day to five years, with the last listed maturity on December 17, 2027. Each of these options contains its own implied volatility which drives the option’s price. In general, the higher the implied volatility of an option, the higher the option’s price. For example, the VIX Index measured at 28.71 on June 30, 2022, which implies a daily move in the S&P 500 Index of approximately 1.8%. This is calculated by dividing the current VIX Index level by 16, meaning a VIX Index level of 16 would equate to a market expected daily move of +/- 1%.  + +## Option Skew + +The chart below plots the volatility of individual options on three different expiration dates:  August 19, 2022, December 30, 2022 and June 16, 2023. + +&#x200B; + +https://preview.redd.it/9pj37qgjjeo91.png?width=805&format=png&auto=webp&s=78645a1bd77ce03329dc5f2922d3357d69cf14dd + +*Source: Bloomberg\** + +As illustrated above, the implied volatility level for each option varies significantly, depending on the option strike price. Notice that implied volatilities rise more significantly as the strike price moves down. This is a phenomenon called skew that originated after the Black Monday Crash of 1987. The skew implies that options with strike prices below the current market are more expensive than those with strike prices above. This makes sense as the left-tail occurs seemingly more spontaneously and fiercely than the right tail. That’s why it costs more to insure your portfolio from a melt-down than a climb*.*The level and relationship of these various implied volatilities change daily due to market participants’ expectations of future price returns and supply and demand forces. If investors are scared, they tend to reach for downside protection. When investors are more bullish, they tend to invest in options that pay off on large upside moves and focus less on downside risk. + +The chart below illustrates the Cboe Skew Index pre and post the 1987 Black Monday Crash. + +&#x200B; + +https://preview.redd.it/e9fhta8rjeo91.png?width=823&format=png&auto=webp&s=fda27fc1656e99f9cabd1a33745c9b27bdb87598 + +*Source: Cboe Global Markets\** + +## Muted Volatility in 2022 + +The lack of a meaningful increase in implied volatility this year, despite a large market sell-off, is quite unusual. Historical context may be helpful to understanding the current market environment. + +Since the launch of the VIX Index on January 19, 1993, the S&P 500 Index has experienced 53 six-month periods where price has declined between 20% and 25%. During this period, there were 5,534 unique six-month return periods, looking at rolling six-month returns. The average VIX Index level at the end of any of these six-month declines was 37.37, and the VIX Index increased an average of 88% during the same periods. + +As of June 30, 2022, the S&P 500 Index has declined 20.5%, excluding dividends. The VIX Index closed at 28.71 on June 30, nine points, or 23%, lower than the average closing level, compared to historical declines between 20% and 25%. The VIX Index has risen only 53% this year, despite a greater than 20% decline in the S&P 500 Index. Moreover, the VIX Index’s June 30 closing level was the second lowest closing VIX Index level in the last 22 years, compared to six-month declines between 20% and 25%. There were only three similar six-month periods where the VIX Index closed at a lower level; March 15, 2001, and June 28 and 29, 2022, which marked the lowest VIX Index close ever for a decline of this nature.  Six months following the March 15, 2001 close, on September 20, 2001, the VIX Index reached a high of 43.74 as the S&P 500 Index declined another 16% between March and September 2001. + +&#x200B; + +https://preview.redd.it/sbev4mctjeo91.png?width=708&format=png&auto=webp&s=41ee2597a390b6b7df215851fc6be3a838ff6bc6 + +*Source: Bloomberg, Lavaca Calculations\** + +A similar story emerges when analyzing long-term volatility, as characterized by the one-year VIX Index. On average, prior to 2022, the one-year VIX Index rose 73% during similar drawdown periods in the S&P 500 Index. On June 30, 2022, the one-year VIX Index had risen only 13%*.* The average close for the one-year VIX Index for this draw-down scenario is 39.43; however, the index closed at 31.1 on June 30, marking the second lowest close ever for a drawdown greater than 20%. The lowest close was two days earlier on June 28. + +&#x200B; + +https://preview.redd.it/bmuo35oujeo91.png?width=697&format=png&auto=webp&s=935ff480d9e88969851f706c700112f2867e9799 + +*Source: Bloomberg, Lavaca Calculations\** + +Looking back at the first half of 2022 and considering the magnitude of the draw-down in the S&P 500 Index, the volatility environment has been profoundly abnormal. Since the launch of the VIX Index, the past six-month period has been the weakest for volatility in 29 years, relative to similar S&P 500 Index price moves. + +Because of the lack of an implied volatility increase in 2022 relative to what has occurred in similar historical market drawdowns, those using put options to hedge a downside move in the S&P 500 likely did not get the response they were looking for from their option hedges.  + +*This article is part of Cboe’s Guest Author Series, where firms and individuals share their insights, strategies and ideas with the broader Cboe community.* + +*The authors prepared this article at the request of Cboe. The information in this article is for informational purposes only and no statement within this article should be construed as investment advice or a recommendation to buy or sell any security. There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at* [*https://www.cboe.com/options\_futures\_disclaimers*](https://www.cboe.com/options_futures_disclaimers)*.* + +**Disclosures** + +\* Policies for valuing and calculating implied volatility or other calculations in this material are available upon request. + +This material is provided by Lavaca Capital for informational and educational purposes only. In no way should any content contained herein be construed to represent trading or investment advice. None of the information contained herein constitutes a recommendation by Lavaca Capital that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Lavaca Capital does not advise you personally concerning the nature, potential, value or suitability of any particular security portfolio, transaction, investment strategy or other matter. As such, all viewers agree that under no circumstances will Lavaca Capital, its partners, officers, employees, affiliates, and agents be held liable for any loss or damage caused by your reliance on information obtained from this content, including any articles, videos or other materials. Options trading involves risk and is not suitable for all investors. + +All opinions expressed by any person in this content, including any articles, videos or other materials, are solely the opinions of the author/speaker. Do not consider any opinion expressed by the author/speaker as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of individual opinion. The author/speaker and Lavaca Capital are not under any obligation to update or correct any information provided in this content. All statements and opinions are subject to change without notice.  +I read on the Bigger Pockets website: "The goal behind a BRRRR strategy is to pull all of the money you put into a property out when you refinance it so that you effectively bought a property for nothing, but still have 25 percent built-in equity to reduce risk." + +How does the BRRRR method help you get your money back? Thank you so much in advance! + +&#x200B; +It seems there's a post about home ownership at least once a week. I thought I'd share my learnings one year after buying my first home. + +1. Be clear about why you're buying a home. Every large decision you have to make about home ownership should somewhat tie in to this. I can't stress this enough. Make sure the reason makes sense to you after you and your SO (if applicable) sleep over it a few times. Don't get in to home ownership because your friends or colleagues are telling you how much they love owning their home. It might not be the same for you. Again, be clear. I'd say literally write it down. + +2. If you're buying a home together with your SO (I'd imagine most might), sit separately with different pieces of paper and write down what each of you wants in your home. Be realistic. Indicate what you're ok with compromising on and what is absolutely a must have (or must not have). Don't talk to each other while doing this. Once you're satisfied with the list, tally what you have and combine what you want, don't want, what's a must have and what you can compromise on. Be realistic. + +3. Use one of the online tools to calculate "how much house can I afford". Don't spend more than 30-40% of your annual income on home ownership - this includes your mortgage, insurance, property tax etc. I'd say stick to 30% or less. Edit: 30% of take home pay is what my max was. I ended up buying lower than that. Your scenario may be different. The COL in your area will probably affect this number. + +4. Look at houses based on the life style you have not the life style you aspire to have. For example we looked at houses with smaller yards or yards without large lawns. Reason: Our lifestyle and gardening aren't compatible. We'd have loved a large green lawn but realistically we'd never maintain it and probably wouldn't spend on a gardener. That's just one example. Don't dream of building a home theater in the basement if you're the outgoing type. + +5. "Buy the biggest house you can afford" is horrible horrible advice. This was given to me by most people around me. It sounded bad then and after a year in, it sounds just horrible. Buy the house that you need today with _some_ consideration for tomorrow's needs. Tomorrow's needs is something along the lines of growing family NOT anticipating profits from business or promotions. The advice given on this sub holds true here too - buy below your means. + +6. Avoid borrowing money from friends or family in order to afford a bigger home. This is kind of an off shoot of the point above. Both points will just lead to additional stress that you don't need. This is true even if they're willingly offering you money without you asking. + +7. REALLY look in to total cost of home ownership. If you're looking in to a fixer upper things can get very tricky. I'd recommend not going for a fixer upper for a first time home owner. I bought a relatively new home but the cost of minor fixes baffled me. I'm very very happy to not have bought a home that needed repairs. I'd have underestimated the cost even if someone would have given me quotes for the repairs. Things like regulations change. A minor change might end up with large expenses to keep up with code. I learned this the hard way when I wanted to get an additional power outlet. :\ + +8. Drive around the neighborhoods that you're interested in. Get a feel of the place. Chat with people who're out for walks or something and see what they think. This might lead to interesting results. When I did this, people thought I was selling something so their immediate reaction to my "Hi" was "I'm good. thanks.". :| + +9. A home purchase is often a process of elimination. Start with all homes that match your criteria. Filter based on cost, then filter based on neighborhood, then filter based on square footage, school districts etc. Keep going until you're left with a few homes that you'll go look at. + +10. Your agent facilitates the transaction. If you don't know what you want and haven't communicated with them very clearly, they may influence your decision. If you feel your agent is pressing you into making decisions - RUN. Better than having buyers remorse after having gotten in large debt. + +11. Feel free to use your agent to do the ground work. I gave my agent a list of questions to go figure out for the houses/neighborhood/HOAs etc that I was interested in. You're paying your agent a good sum of money. Get your money's worth. Don't shy away from asking questions. (Your agent might tell you that you won't pay him. That's partly true. You won't pay them directly - the seller usually accounts for this and prices the home accordingly. So in a way, you are paying him.) + +12. It's in your best interest to not have the same agent as the seller. + +13. Don't skimp out on the essentials - for example home inspection. It may be expensive to do but it's better than being stuck with a flawed house. Edit: /u/SureWtever: consider getting a radon inspection (Quick google tells me there are DIY kits that are available). + +14. Protect your investment - get good insurance. Make sure you're aware of what's covered and what's not. Change the locks before you move in. Change the lock on the mailbox. Invest in a home security system if your neighborhood warrants it. Consider cameras at the very least. + +15. Find out how the HOA is if it exists. I've heard horror stories from colleagues. A couple of them have sold their condos because of the stress it caused them. + +16. Consider your mortgage options. Depending on how long you plan to live in your home, ARM might be a good option. + +17. After you buy your home, don't feel compelled to set it up immediately. That means it's ok to use the current furniture you have. It's ok to not have a proper bed. (We're still using a box + mattress combo - no frame or headboard). It's ok if one or more of your rooms look spartan for a year or two. + + +That's all I can think of now. I'll add more if I think of something. Good luck! + +Edit: +Thanks for the gold. + +Some thoughts on comments: + +**Take 'home advice' (including mine) as just that - advice. Surely give it thought, but you know your scenario better than anyone else does. Some of the above points might not fit your needs. IMHO, it's better to be aware of a line of thought and reject it than to be ignorant of it and end up in a stressful situation.** + +"Look at houses based on the life style you have not the life style you aspire to have" +Someone used an example of aspiring to have a garage to work on cars. The way I look at that is that working on cars is already your thing. You're not kidding yourself in to doing something you've never done before or are not currently passionate about. A person like me buying a large garage because "I'd like to get in to working on cars" when I currently don't know anything about the trade would be a terrible mistake. + +"Buy the house that you need today with _some_ consideration for tomorrow's needs" +This should speak for itself. The suggestion is to consider tomorrow's needs but don't get carried away. You're not going to NEED a 4 car garage because you might make more money and might buy 4 cars. + +RE: These points are conservative. Yes, they are. Purchasing for a lot of people is often emotional. Starting conservative for a first time home owner is not a bad idea. "You don't know what you don't know.". Next time around at least you'll know what you don't know and can plan somewhat better. +^(Disclaimer: This is strictly speculation. While I have a good understanding of markets - I've sat in a money market desk chair, I've traded + held swaps, managed a small bank's investment portfolio - I do not pretend to have factual knowledge about any specific positions held by any institution. I am also not any sort of big shot - my experiences are outside the US and in medium-small organizations. This isn't DD, since we're just making a guided tour of what's plausible, according to my experience. This is not a commentary on market structures or macroeconomics, as other users have far more insight (and more better words)) ^(than me. This is just a LARP of how I imagine a hypothetical scenario might have plausibly gone down. My experience is not in the US market, so that might introduce some errors. I might also just be plain mistaken, due to unknown unknowns, or being an idiot. I welcome corrections. Through this scenario, "we" means this hypothetical institution, and not retail.)) + +Let's imagine we're a financial entity, with: + +* market making privileges in equity, and a large market share of order processing, meaning we could, potentially, internalize demand as liabilities (IOUs/FTDs) or let them pass through to the market. +* with access to all standard products, meaning we're only limited by having to find a counterpart to any financial instrument we might want to use - even bespoke instruments. +* a big balance sheet. +* a large contact network, including political, enforcement and media. +* a widespread reputation of "knowing what we're doing" in a field in which very few people know what they're doing. + +For some reason or another, we decide to short a stock - we're fairly confident that it'll go bankrupt. Why we are so confident is irrelevant - we just are. However, we're not really allowed - or it's suspicious, or just want to avoid the connection - to have a position in the securities we market-make, therefore we use our network of institutions to have a series of hedge funds - not us, but bound to us through shared ownership or debt or aligned incentives or whatever - hold the short positions for us. It's also possible that these hedge funds are taking this short position of their own volition, and we have nothing to do with it yet. + +The point is, this specific stock has a growing short interest. It's easy to find the shares to borrow. All broker-held shares are kept within the DTCC books, that means they're all kept in a neat pile. We can borrow from the pile/warehouse and throw a few pennies back as fees. We then sell these stocks to retail, so the stocks end up right back on the borrowable pile - they never "leave" the brokerage, and the brokerage stores them in the same pile. We're adding a liability (the short stock) and an asset (the cash) on our sheet. They're fungible, and it's all happening in aggregate and behind closed doors, so nobody has actual proof - hell, nobody has reason to suspect in the first place, since the stock in question is a "bad stock," according to the news, and so the collective meme says it should go down. Since each sold stock goes back to the pile, there's no shortage to the borrowable supply, and therefore no reason for the interest fee to go up. We can keep pointing at a share, using that share to create a liability, receive cash, and then point at the same share again. Also, if we occasionally/often fail to deliver/borrow, who's gonna notice, let alone stop us, right? + +In essence: + +* Customer bids/demands a share. +* The bid is routed to us by the broker. +* We grab a share from the borrowable pile - add this to liabilities. We add this same share to the customer's assets. We also take the customer's cash from their assets, and drop it in our assets. +* The customer's share is stored in the borrowable pile, thanks to the broker, so the pile's size hasn't changed. + +**Result: Demand is satisfied. The borrow pile is unchanged. Our liabilities grow. Supply is not reduced. We took the customer's cash.** + +We just need to be careful about the reporting methodology - make sure everything's tidy when the picture's taken, and as long as the pile is large enough relative to the daily volume, it's foolproof. + +Fantastic, then. Each sale is free money, and the sold stock goes right back for-sale. Unnoticed, we're actually recycling the supply. The demand, on the other side, isn't - buyers need actual cash to buy, and that shit runs out. With endless supply and limited demand, the price goes down. Price going down should increase demand, but as long as the price is expected to continue going down, then that's neutered - people don't buy because the price is low, but because they expect it to rise. Besides, more demand means more sales, and more profit, yes? Eventually, we're confident the company will go bankrupt, and then we'll just be left with two piles: one of cash, and one of worthless liabilities, valued at 0. Pure profit, no need to even pay taxes, since we didn't really close our positions. + +Then, two things happen. First, some schmuck begins actually looking at the numbers - "bad stock" meme isn't enough for him, and he realizes that the stock is too cheap, related to the fundamentals. He begins buying and spreading the word, which challenges our preferred meme. Suddenly, there's a narrative of counter-culture/resistance around buying the stock, it's seen as giving us the middle finger, and the kids think that's cool. Whatever, let's underestimate them. The second thing to happen, is that another guy - this one actually has three commas, so he's a bit more difficult to deal with - buys a bunch of the stock, and declares his intent to become an activist investor. He maneuvers intelligently, and before long, he's chairman of the board. While we're good at making memes for boomers, this dude is good at making internet-native memes, and he, without ever actually interacting directly with the community, manages to cement himself as a trustworthy, competent figure, opposed to wall street and internet savvy. He outlines a turnaround plan which actually - independently of everything else - makes sense, and he brings the drive and level of compromise a founder figure can provide, as opposed to distant institutional owners. + +Now, a short position is a leveraged position, meaning we can be margin called if our unrealized losses exceed our collateral. Therefore, as the stock price stops going down, and begins going up, we have to begin to actually monitor the stock price and the short position size, versus the rest of our assets - and not all assets, but those considered high quality liquid assets, and therefore valid collateral. The way this works is, different asset types get assigned different weightings: the more liquid and risk-free the asset, the higher it counts. Cash is completely accounted, at 100%, but a risky bond might be counted at 10% only. Some assets might not count at all. The difference between the average short-sale price, and the current market price, multiplied by the short position size, can't exceed our high quality liquid assets, or we get a margin call. + +`Liability: Current Market Price * Position Size, the value of the equities owed` + +`Assets: Average Sold Price * Position Size, the cash we got for the sales` + +Our collateral must be greater than the difference between these. + +`(Average Sold Price - Current Market Price) * (Position Size) < = Value of HQLA` + +Suddenly, demand - which has been growing steadily thus far - spikes. This has gone viral, and the transacted volume goes insane - way beyond what we can handle. The daily demand is bigger than the pile, so we're forced to let some of it through. Our methods had not been stress tested before, and thus we slipped. This means the price starts increasing, which fuels both more demand - from FOMO - and more supply - from people who consider the stock overvalued, and an easy short. The internal supply chains break, suddenly everyone's getting margin requirement notifications. The brokers don't necessarily know what's happening, all they know is that they sold a lot of the stock, and before they can turn around and buy it from us, the price has doubled - margin requirements go up! So, seeing this, trading is stopped at the broker level - they literally can't afford to owe any more shares. The apple store is out of apples. Close only. We, however, can keep selling, and we do. No new long positions, only new short positions - perfect, the price has to go down, regardless of the demand! The price falls down, the news spin this as a squeeze that's now over. + +The price falls all the way down to 40$, and then something breaks. Someone gets a margin requirement they can't meet, or someone places a buy order that's large enough, or something else happens, and forced buying begins, which again spikes the price. Liquidations are carried out, and at some point, these short positions end up in the market maker's books. While a hedge fund can get killed from such a spike, not us. We're a massive player, and we can sustain a lot more. We consolidate most of the short positions, to avoid any further melt-ups, and formulate an actual long-term strategy to get out of this mess. Melvin, Archegos, and others, are now dead, and we hold their books within ours. + +Up to now, we've had to survive by using collateral against the short positions, which means that, at a certain point, we need to liquidate non-qualifying assets, and turn them into cash (or some other acceptable form of collateral.) Therefore, when the stock price rises, we need to sell our other positions, and turn them into cash. This explains the stock's negative beta: when its price rises, we sell other stocks to raise cash, which lowers their prices. When crypto is no longer acceptable collateral, we sell it for cash, and the price dumps around June. So, in essence, **the stock price has an inverse correlation to the price of anything else in our books that's not collateral.** + +However, this isn't the best way to handle this - this is affecting the rest of our business, and won't work in a longer timeframe. Since we're a market maker, we don't really need to do the whole song and dance around borrowing shares, and holding collateral we can just directly create them as liabilities. This is the famous Fail to Deliver - they marked your assets and their liabilities, but that's it. Also, instead of being worried about collateral we're now worried about solvency. + +We turn around to security based swaps/total return swaps. What are these? They're a piece of paper that's worth the difference between the values/returns of two securities. I can then replace the shorts vs. collateral method with swaps. No need to bother so much with high quality collateral, since whatever's on the other side of the swap essentially functions as collateral - I only need collateral for the difference. I can get a negative exposure on the stock price, against a positive exposure on the overall market. This way, if both go up together, then it makes no difference to me. Likewise if they both go down together. Any decrease in value from the movement of one is offset by the movement in the other. Let's assume our swap is done against a broad market basket and call it the counterweight (CW.) Now, instead of the stock and the market having an inverse correlation, they have a positive one. If the stock goes up 10%, then as long as the CW also goes up 10%, then the value of the swap hasn't changed. I don't have to massively sell anything, it's less suspicious, reporting rules are way more relaxed, the enforcement agency is much more, uh, amenable to my proposals. This works both for being long stock vs short market, or long market vs short stock - I can finetune my exposure both ways. + +Importantly, what before were these counter-cyclical spikes, are now pro-cyclical. Has the stock gone up? Nah, it's the whole market, nothing suspicious! While before we counteracted the demand with short-selling, now we just fail to deliver - essentially neutralizing demand. Sure, that's even more troublesome, but nobody's ever paid any mind to Dr. Trimbath before, why would they start now? So if anyone buys the stock, we just add that to our liabilities, without it impacting actual market supply/demand. We can selectively decide to let some demand pass, in case we need to raise the price. + +What this brings about, then, is a delicate balance: + +* we can let demand for the stock reach the market, in which case the price increases. +* we can let demand for the stock go to our liabilities directly, in which case the price decreases. + +Then, we can observe demand/supply, and have an algorithm decide which % of purchases to deliver. Monitor social media. Bullish sentiment? Sell them calls, and reduce the delivery % (let the spot purchases go directly to the balance sheet) - price doesn't rise. Bearish sentiment? Do the opposite. + +If the stock's demand goes up, we can decide whether to lower the delivery %, through which we avoid a price increase, but in exchange become more levered. We want the price to be as high as possible, up to the point in which we get margin called - the ceiling. Therefore, we'll deliver as much as we can, and start FTDing when the price gets too high. + +If the stock's demand goes down, we can decide to increase the delivery %, through which we lower our leverage, but in exchange the price doesn't go down. We don't want low prices: more people will buy, and we'll lower our average entry price. Therefore, we'll reduce leverage as much as we can. We might prefer to lower the price, but that'd depend on more meme-manipulative strategies, and not market-based ones. + +Therefore, we observe demand + supply, and decide what % to internalize, and what % to externalize, thereby controlling the price. Depending on how big of an institution we are, we might be able to do the same, to a lesser extent, to the CW itself. Say, if we processed 70% of all orders, who's to say we can't nudge the S&P a bit, eh? Even if we can't, though, that's unimportant. + +If the CW's price goes up, that gives us more breathing range. We can tolerate a higher ceiling stock price without danger, so we'll internalize less, reducing leverage, and increasing the price, until we reach the new, heightened ceiling. + +If the CW's price goes down, that gives us less range. We can tolerate a lower ceiling high stock price or risk a margin call, so we'll have to internalize more, and become more levered, but lowering the stock price. Alternatively, we may choose to pump the CW - a couple million hitting the ask at the right moment should be enough. + +We have, then, two variables of import: + +* the CW's price, over which we may or may not have a degree of influence. +* the stock price, which results from demand, which we observe, and % of FTDs, which we control. + +In this way, short selling is something we long stopped doing. Did the shorts close? Not really, but who cares. The question is whether we still have an exposure to the stock price, regardless of the mechanism. + +Up to now we have a nice little model. It's not infallible: our control over the variables might not be perfect, and if demand doesn't stop we'll eventually be in trouble, but these dudes need to eat - wait long enough, and they'll get discouraged. A split, you say? The size of my liabilities hasn't changed. Yeah, they're 4 times as many stocks, but IDGAF about stock number - I care about the notional size of the position. "In the shape of a stock dividend"? Yeah, nope. Spread some confusion about it. What can they do? Yeah, they'll seethe, but they've already been seething all along. If someone in an actual position of power comes around, we'll send some guys in suits to dazzle them with words. Who will they believe, the suits, or cherrypicked examples of particularly stupid apes? We like the chaos. The more chaos, the more tiring it is to find the truth, and the longer we can get away with shit. Unless the company withdraws from our system. In which case, I have no idea, because the debate shifts over to the legal battleground instead. + +What else could threaten us? Well. You know what. DRS. + +On one hand, if 100% of the shares are accounted for outside our system, then we're suddenly on the defensive. Now they don't really have to care about what we say the price is, do they? They could separate completely, accounting for all the shares, and trade within a separate system. What would we do with the deluge of DRS that'll hit? I have no idea, but it seems like the supply/demand equivalent of dividing by zero. + +On the other hand, every share removed is, essentially, forcefully accounted demand. Say, you buy a share, I drop it on liabilities and FTD, and then you DRS it, then you're indirectly increasing leverage, since (total shares in books/actual shares in my vault, "the ratio") just got reduced by one on both the numerator and denominator. Do that enough times, and since the numerator is higher than the denominator, we're gradually increasing the ratio, which makes the effect of demand on price have a larger magnitude. How? Because the ratio is also the ratio in which I transform demand into either a price increase or leverage. When we turn demand into price increase or leverage, the rate at which that happens is that ratio - the more we DRS, the higher the "cost" of turning demand into price or leverage. Meaning, the more we DRS, the more violent price changes will be, and the more magnified the leverage assumed will be. DRS 100%, and that rate becomes \[divides by zero.\] + +Therefore, a separate market observer might want to consider two indicators as endgame conditions: + +1. the DRS percentage + its rate of change, which can be proxied by the price of the stock, against some measure of how much free cash retail has, because this determines the speed of DRS. The lower the price, and the more available cash, the faster DRS will increase. +2. the price of the stock, against the CW (let's assume a broad market index of multiple asset classes.) If the stock outpaces the market, then we know the swaps are closer to breaking - this will have two possible effects: + +* every time except the last, it will cause the stock price to go down, or the market prices to go up, to keep the swaps alive. +* eventually, the swaps will die, and then the stock will go up, and the CW go down, in a self-reinforcing de-leveraging. + +What happens then? I dunno. I wouldn't want to find out, either. I'd take more and more risky moves. If at one point I'd have been careful about the legality of my moves, then by the end that wouldn't really matter much. Might even want to try to get political power to leverage that. After a certain point, the capital market problem spills over into the legal, social, memetic, political. Whoever's managing this shitshow hasn't slept well in a while, I can guarantee that. + **What is Happening?** + +Activist investor Dan Loeb is urging Disney to permanently suspend its dividend and use the funds to fuel growth at its streaming service, Disney+. Disney stock traded up 1.64% Wednesday. Loeb's Third Point owns less than 1% of Disney.  + +*Activist investors acquire stakes in companies with the intent to bring operational change. Warren Buffett started out as an activist investor.*  + +**Why does this Matter?** + +Disney's stock is down 16% for the year as amusement parks are still slow to reopen due to restrictions. Also, last week Disney announced that it was laying off 28,000 workers, wiping out about a quarter of its U.S. theme-park workforce.  + + +Right now the company's only bright spot is Disney+. It attracted more than 60 million subscribers and even won praise from the likes of Netflix CEO Reed Hastings.  + + +Loeb would like to use the $3 billion Disney dividend to double Disney+'s budget for original content, bring in additional subscribers, lower churn, and boost pricing power. He would also like to see Disney combine Disney+, ESPN+, Hulu, and Star into one powerhouse streaming service. That way Disney could increase pricing and start releasing all movies on the platform, cutting out movie theaters completely.  + + +**The Takeaway:** +Initially, it might seem scary to take away that 1.43% dividend yield from shareholders; however, Loeb is not completely crazy. Dividends are just one way a company can choose to "allocate capital/profits". As Loeb correctly points out, times are changing in the entertainment sector and Disney should capitalize on that by redirecting dividends to this high growth project. In the long-run, such a capital allocation decision might just reward shareholders a lot more than the 1.46% dividend.  +*Video Summary:* [*https://youtube.com/watch?v=qWw418Ihc64&feature=share*](https://youtube.com/watch?v=qWw418Ihc64&feature=share) + +The next step for telecommunications around the world is 5G. In the US, the three largest providers in the field are Verizon, T-Mobile and AT&T. The question here is can they offer us a good return on our investment? The obvious choice for industries like telecommunications are the biggest players in the country. Like I said, in the US those players are Verizon, T-Mobile and AT&T so lets dig in and find out which one has the best bullish case. + +# Operations + +Lets start with operations. The amount of wireless subscribers is probably the most important metric to look at because it gives us a good idea of whether the operations of the companies are actually expanding. Plus, it is the main and biggest source of revenue for all three of these companies. Verizon has the most subscribers, currently sitting at 121.3 million, followed by T-Mobile with 104.8 million and AT&T with 97.8 million. Verizon acquired TracFone last year, which boosted their subscriber numbers, but apart from that there was no massive change in subscribers for any of the companies. Verizon has also recently broken the record for most awarded brand by JD Power for Wireless Network Quality with 27 consecutive number one awards. Good product quality is always important so that's a positive for Verizon in my books. Plus, they literally service 99% of the Fortune 500 companies and have partnerships with tech leaders like Amazon, Microsoft and Google. Right now, it seems like the main priority for all three companies is to improve their 5G network and capability. T-Mobile is the leader in 5G with best download speeds and highest coverage of 295 million having access to its 5G services, out of which 140 million people having access to its fastest service . AT&T's fast 5G coverage is only half T-Mobile's and Verizon is lagging behind with only a quarter of the fast 5G coverage of T-Mobile although their total coverage is similar to T-Mobile's. However, AT&T's 5G has a partnership with Microsoft Azure and Verizon's 5G has partnered with AWS. Such partnerships with major cloud providers are definitely a plus. + +Verizon had Verizon Media which comprised of brands like AOL and Yahoo, but Verizon sold its media assets to a private equity company called Apollo Global Management on the 1st of September. The media business was a relatively fast-growing part of Verizon so I'm personally not the biggest fan of that sale. Still, Verizon Media made up only 6.2% of Verizon's total revenue in Q2 so it is a fairly small segment, but it will affect Verizon's revenue and profit going forward. In comparison, AT&T owns Warner Media so you can tell it is a much bigger chunk of its revenue at 21.2% in the third quarter of 2021. They own HBO and HBO Max which have seen an additional 12.5 million subscribers in the past year to a total of 69.4 million subscribers globally. Unfortunately, the gains there were offset by less cinema screenings over the past year although things are obviously picking back up again and we should see better results in the next quarters. Some more bad news, AT&T will be spinning off Warner Media in mid-2022 so that means a big chunk of revenue will be lost next year! I think this will end up badly for AT&T, especially since Warner Media is one of their more profitable segments! Putting that aside, other revenue sources include wireless equipment sales which make up 16.3% of Verizon's revenue, 12.7% of AT&T's revenue and 23.8% of T-Mobile's revenue. Even though it's a big chunk of T-Mobile's revenue, the company actually saw a 5.9% decrease in wireless equipment sales while AT&T saw an 11.4% increase and Verizon saw a massive 30% jump in equipment revenues, which is another plus for Verizon although the question here is whether they can actually keep that up. + +# Revenue and Earnings + +Alright, so we now have a good idea of what operations Verizon, AT&T and T-Mobile have. What does their revenue and earnings look like though? AT&T has the biggest revenue at $39.9 billion in Q3 of 2021, down 5.7% from last year. Their total revenue for the last 12 months stands at $173.6 billion, which is almost identical to the same period last year, meaning there was no growth. Verizon follows in second place with a $32.9 billion revenue in Q3 of 2021, up 4.3% from last year. Their total revenue for the last 12 months stands at $134.2 billion which is slightly up compared to the same period last year when they had a revenue of $128.4 billion. Finally, T-Mobile brought in a revenue of $19.6 billion in Q3 of 2021 compared to $19.3 billion last year. Last year, T-Mobile saw a massive jump in revenue which was mainly because of their merger with Sprint which closed on 1st April last year, but the growth since then has been much slower. For the last 12 months, T-Mobile's revenue was $79.7 billion up from $60 billion last year, but again that's because of the two companies merging. Overall, Verizon and AT&T have seen a relatively small revenue growth over the last 5 years, less than 2% per year, and they only expect a 1% revenue increase next year. In comparison, T-Mobile's revenue has doubled since 2016, which is massive compared to Verizon and AT&T, but again only a small revenue increase of under 3% is expected next year. What about their earnings though? Verizon have the best net margins at 16.4% which have doubled from an 8% in 2015. Plus, Verizon raised their EPS guidance for 2021 by almost 5%. AT&T's normal margins sit at around 9% although they've had a 0.7% net margin in the past year which are due to write-offs and impairments surrounding their media business. Finally, T-Mobile have the lowest margins with 4.2% right now although their historical average is about 5 or 6%. T-Mobile also have a negative free cash flow unlike the other two, which is a bit concerning. It's not a one-off either as they haven't had a positive free cash flow since 2016! That is most likely due to their faster expansion because telecommunications is extremely capital-intensive, but it is still worrying to see that with T-Mobile. In 2022, AT&T is expected to see a 4.4% drop in earnings while Verizon's earnings are expected to stay essentially flat with only a 0.3% earnings growth, but T-Mobile is looking at a 39.2% earnings growth although that follows after a drop of 32% in 2021. I personally don't think we will see such a big growth from T-Mobile and, to be fair, analysts have been reducing their expectations, too. There are just a lot of uncertainties in the market and the economy and a lot can change over the next year. + +# Financial Health + +We can see that these companies are making a lot of cash, but how healthy are their financials? What does their debt look like? Well, surprisingly, AT&T has the lowest debt-to-equity ratio with a 100%, followed by T-Mobile with 106% and finally Verizon with 191.8%! However, Verizon has the lowest effective interest rate with only 1.88% compared to 3.07% for T-Mobile and 3.31% for AT&T. What that means is that even though Verizon has exactly twice the debt of AT&T, their interest payments actually are not that much higher! Also, telecommunications is a very capital-intensive business so this type of debt levels are actually normal for the industry. None of the three companies has substantial cash and none of them can cover their current liabilities with their current assets. However, their quick ratios are just under 1 so the situation is not that bad. + +# Dividend + +Before we move to the valuation, we need to look at the dividend. Telecom stocks are not typically fast growers so their dividend is important to investors. AT&T has the highest dividend at 9.4%, but they are expected to cut it by almost half next year following the sale of Warner Media. Verizon follows with a 5.1% dividend while T-Mobile does not pay a dividend at all! Both AT&T and Verizon pay a higher-than-average dividend. Both of them have increased their dividend every year over the last 10 years although Verizon is the company that can actually afford to pay it. Their payout ratio is 47% whereas AT&T's one is massive, 1,578% although that's skewed due to the write-offs I mentioned earlier. Still, AT&T has a historically higher payout ratio than Verizon so that's worth keeping in mind. Lets also take a look at share buybacks since they are another way of returning money to shareholders. Verizon and T-Mobile have not bought back any shares in the last 3 years, but AT&T has actually reduced their number of outstanding shares by 2.5% since 2018. + +# Valuation + +Okay, we've covered the dividend so lets value the companies. Are they cheap right now? Looking at their current PE, we can see that Verizon is the cheapest with 9.5, followed by T-Mobile with 39.8 and AT&T with 168.2. Obviously, the current PE can be misleading, but if we take a look at their forward PE, we see that AT&T is the cheapest with only 7.3, followed by Verizon with 9.6 and T-Mobile with 32. In terms of the Price-to-earnings-growth ratio, T-Mobile is the cheapest with a 1.11, followed by Verizon with 2.9 and AT&T with 9.6. Finally, AT&T is the cheapest in terms of book value with a PB ratio of 1.04, T-Mobile follows with 2.07 and Verizon with 2.93. + +# Conclusion + +How can we interpret all of this? Well, AT&T seems to be the cheapest out of the three stocks right now, followed by Verizon. T-Mobile is massively overvalued right now, most likely by investors betting on T-Mobile dominating the 5G market. I honestly cannot see the bullish case for T-Mobile though. Even if they completely dominate the 5G market, they still have such low margins, negative free cash flow and a lot of costs related to capital expenditure. I just don't see them justifying this high price any time soon, definitely not in the next 2 or 3 years. Despite being cheap, AT&T is also a no-go in my books. Why? Their main selling point is their dividend. AT&T will be cutting this in half while also selling their high margin Warner Media subsidiary. Essentially, there is no point to hold them for the dividend and they will also lag behind in revenue and profits so there is no value play there either. It just seems like their best days are behind them. They currently trade for $22.2 which is half of their all-time high back in July 1999. 22 years ago! They have not been able to come close to that price and, in my opinion, they will not do that in the next 5 years. Definitely not worth the investment. You can just stick your money in an index fund and you will get much better returns without having to do more than 5 minutes of research. Plus, AT&T's price is likely to drop further once the Warner Media sale is closed and their dividend drops. The only good purchase here is Verizon. They have a solid dividend, decent margins, they can provide stability during volatile markets. However, they are not expected to grow much. No growth typically equals no jump in price. We can value their free cash flow as much as we want, but if investors don't buy the stock, the price will lag behind the S&P. Still, I think there is a case for Verizon if we see continued inflation or an increase in interest rates. As I said, Verizon's dividend is also solid, which is great for income portfolios or for balancing out your risk. However, if you are looking for price appreciation, a simple US index fund like SPY or VGT will probably outperform Verizon. There are some companies that can offer you a better return so check out my stock picks here if you are interested. Let me know what you think about Verizon, AT&T and T-Mobile down below. + +P.S. This is one of the occasions where you spend a weekend researching companies only to come to the conclusion that S&P500 probably offers better returns! I hope you find this useful though :) + +*Video Summary:* [*https://youtube.com/watch?v=qWw418Ihc64&feature=share*](https://youtube.com/watch?v=qWw418Ihc64&feature=share) +I read a lot of comments on many posts here and everyone comments and gives advices but don't know what they're talking about... + +You can hear that smc doesn't work, order blocks doesn't exist, it's just support and resistance, supply and demand doesn't work, it's just support and resistance... + +Then you can hear support and resistance sucks, smc works, order blocks work... + +It's just a giant cycle of nonsense... Market goes the same for all, no matter how you *look at it yourself*... + + +Okay, this is technical stupidity, but this is what really boils my blood, the theoretical part of forex: + +Banks or "market makers" don't see your orders. + +Now imagine you work at a gold store and somehow you own all gold in the world, but people have some tiny amount. The price is let's say 1000 (some units). + +There are people in your store and since it's your store (just like the currency market is to banks) you can hear everything they say and thousand people say that they're gonna buy some gold when it gets to a "990"... + +Price drops to 990, people start buying (a lot smaller units because you don't risk 100% in one position/sell all gold at once) and boom, you sell some of yours so they lose some money before they have a chance to sell again... + +They see a "breakout" and sell little units and boom you buy again, the price increases due to demand and they lose some money again... Now you have the same amount of gold but you've earned some more money because of the price difference in buying vs selling. + + + +This may be a stupid example but this is what's happening every day. The banks OWN the currency market and they are government institutions, so they have an insight in everything people do with their currency, even your little positions because your brokers must give them that information in order for your positions to function. + +First people should learn some macroeconomy and how the monetary government system works and then write bullshit on subreddits like these. + +The point is, the market doesn't care if you look for support, order block or anything. When you are used to support and resistance and see supply and demand scheme, your mind is not used to it and you will say it doesn't work... Why should you even care? + +The market's main function is *to not let you make money* from buying and selling while the price moves and those algorithms are doing a very good job. + +Now one would also say "banks don't grab your stop losses". Well, they must. Because if they didn't, earning money and learning to trade forex would be much easier for people and it would get more popular and people would compound their earnings and earn more and more money, which the banks don't want because it's their money. This is all common sense but many will say even this is bullshit and even I may be writing bullshit on purpose because I said not to trust anyone on this subreddit... + +Ah enough... +Me (21) and my fiancee (21), want to learn about finances. I have a basic understanding about things like credit, retirement accounts, loans, and investing; but I have a tendency to overwhelm her when I try to explain things. I would love to find a great resource that can both teach her the basics, and strengthen mine as well, just wondering if anybody knows or has used any website, blog, or Youtube channel or anything else where they learn alot that they think could help us as well? Thank you! +So today after reading immutable X’s release that involved GameStop and some of the comments about immutable just being so open about the partnership it got me thinking. +What if GameStop is allowing immutable to be open about there involvement with the marketplace because that narrows it down to just gaming related (for the outsiders). Then one day when they are fully ready they drop the M.O.A.B. for the MOASS and release that they will be taking their shares to a new exchange they built powered by LoopRing on DeFi. + +As a disclaimer I’m stupid and thought of this when I was in the shower. After my tits got razor sharp I decided to make a post about it. So if it’s a stupid thought…. Blame my tits! +I am shamelessly karma mooching off of u/robbieimmutable’s post tonight to acknowledge what I see as the enormous importance of GameStop’s NFT partner choosing to drop exclusive info on our very own, dearest superstonk. + +First, it’s obviously super legitimizing for this community. + +Second, think about what this community is and who has posted here historically, and what that suggests about this new post. So far, to my knowledge, Dave Lauer and Dr. T have been perhaps the most public figures to contribute to this sub. They are both policy wonks and highly intelligent economic minds. Our other OGs are DD authors who focus intensely on market manipulation and evidence supporting MOASS, and a guy who put a banana in his butt. + +This is the community that Immutable, GameStop’s NFT partner, chose to address first. This to me suggests that the NFT team sees apes as an important contingent and factor in the upcoming launch. This is super exciting, and, if I dare dream, an indication that perhaps the NFT marketplace fits side-by-side with GME DD in ways we had only ever dreamed. + +Peace and love and NFT. LFG. +Hey everyone, + +I wanted to share my accomplishment I hit today! When I first started, I played super risky, but it paid off. 50% of my portfolios were allocated for options. so what I've been doing lately is trading options, taking the profits and buying and going long on stocks. + +If there's one person I have to thank, it's the guy on here that showed me the importance of following experienced investors and understanding that losses are a big part of the market. he taught me lots of strategies and investment ideas that I use to this day. if he's reading this, thank you for your help! + +To everyone else out there, it's never too early to start investing. get your lazy butt up and get to work. + +**EDIT: I WILL NOT SHARE THE NAME OF THE INVESTOR I FOLLOW BECAUSE HE HAS ASKED TO NOT BE MENTIONED** +Hey everyone, + +I wanted to share my accomplishment I hit today! When I first started, I played super risky, but it paid off. 50% of my portfolios were allocated for options. so what I've been doing lately is trading options, taking the profits and buying and going long on stocks. + +If there's one person I have to thank, it's the guy on here that showed me the importance of following experienced investors and understanding that losses are a big part of the market. he taught me lots of strategies and investment ideas that I use to this day. if he's reading this, thank you for your help! + +To everyone else out there, it's never too early to start investing. get your lazy butt up and get to work. + +**EDIT: I WILL NOT SHARE THE NAME OF THE INVESTOR I FOLLOW BECAUSE HE HAS ASKED TO NOT BE MENTIONED** +**EDIT 3: I understand that I should not book through a 3rd party - I just learned that a couple months ago! ;) This was my second hotel that I've ever booked (I don't book hotels often) and these 3rd party sites are heavily advertised. I've learned my lesson. I get it!** + +*Edit: I am calling my credit card company now. Thank you all for chiming in - I appreciate it. I've also contacted the health services authority for the region that the hotel is in.* + +*Edit 2: The hotel was* **Travelodge** *- parent company is* **Wyndham**. *I booked through Expedia.* + +*I asked: "Does Expedia have no built in protections for customers if the rooms are filthy or not as described/advertised?"* + +*Their response: "Expedia is subject to the rules and restrictions of the vendors whose services we sell. We act only as an agent for their product and do not have the authority to override or to change their policies."* + +*Needless to say I won't be using Expedia or any other 3rd party again. The true problem however was Travelodge and Wyndham.* + + + +The girl at the front desk told me that the building was just old and all rooms would likely have the mold. It looked more like neglect - they just didn't bother to clean the windows, vents, and AC / heating unit for a long time. + +I've been in contact with the hotel's parent company for 2 months - they're offering a half refund. The hotel's manager will not return my calls and will not authorize a refund. + +Would it be appropriate to try to cancel this charge on my credit card since the hotel will not communicate with me? +People say don't out all your eggs in one basket but I believed in the project so much that I did. I put everything I had in crypto investment (50% of my life savings) into nano near ATH. As the price started dropping, I put in the remaining 50% of my life savings to dollar cost average because I genuinely believed that with the rebranding, binance announcement, I would see a profit but the price kept dropping. + +I was an idiot to buy using bitgrail instead of kucoin and now I have officially lost everything due to the alleged hack. I wish I could have withdrawn to my wallet but withdrawals were disabled. + +I was also an idiot to put in more than I could lose. Money I had saved up by working so hard. I lost $120,000. + +I believe in the project and idk how I am going to live with myself watching the price of nano soar over the months without me not having anything to invest in it. + +Please don't do what I did. Please be cautious with your investments, diversify, and don't invest more than you are willing to lose. I know we all think that won't happen but you can...like I did...your money, your happiness and most importantly, your mental health. + +This is so depressing. I feel so defeated in life. +This was money that was going to go to my further education, my wedding, honeymoon, any travel plans, my downpayment. This puts me back at least 7-8 years in my life. + +EDIT: Thanks for all the messages, they really mean a lot. I am as disgusted and disappointed in myself about all the ways this could have been avoided as some of you are. + +EDIT 2: And of course nano is now going up. This sucks :( +I grew up really poor and moved around a lot. My SO also moved around a ton growing up. At one point he moved seven times in one year. When we got together and became a little more financially stable, we bought a house four years ago and we both finally felt like we had a home. The market and the area we live in is booming like crazy so we’ve been considering selling. 3-4 of our friends have already sold and pocked over 100k. One bought a bigger home, and the others are renting, and waiting for the market to go down. It is an option to have this be our forever home, but the prospect of a lump sum of cash is tempting. + +Should we sell our home and pay off our debts we’ve incurred, then rent or buy? SO is the only one working right now. I go to school and have about $60k saved up, but have credit card debt and student loans. SO has a lot of cc debt. He wants to rent and wait til the market levels off, but I want to pay down half our debt, put some money towards our wedding, then put down for a slightly bigger brand new home, while still saving a small portion to invest in index funds. We do currently rent out our rooms, and would continue to rent out a room or two in our new home to help pay down principle/create a lovely backyard. We did this with our first home to furnish our entire place within the year. What are your thoughts? + +Edit: +Just woke up and trying to read through the comments, which I appreciate everyone’s input. Just for clarification: + +I only have $8 grand in cc debt (zero percent interest from a balance transfer). The rest is $27k in student loans I incurred when I lost my fafsa because I started making money. $11k of it was when I was an 18 year old idiot and used the money unwisely, but stopped going to school when I was 20 to work and buy my current home. 15k I would like to pay ASAP, because it’s unsubsidized loans ranging from 3-5%, but I still get a better return in the stock market, but I don’t wanna pull out money to pay that down. I own my home with my SO so he would get a portion of the profits to pay down his debts as he sees fit. + +The reason i haven’t entirely paid down my debt is because I’m currently laid off and I think cash is king. I can pay my mortgage, which is priority number 1 with cash, but everything else can be bought with a credit card. I will be working in a couple months forsure. My job can usually net between $50-80k if I work full time, but I haven’t been offered a full time position in two years. All in total, my bills are only $950-1050/month. My car has been paid off for two and a half years and I bought he brand new when I was 18, I’ll ride that bitch til It dies. Anything I make more than that pays debt. I use my credit card for travel points so there’s always a rotating balance, but I do want a significant portion paid down. + +Once I start working full time again, I plan on crushing down my credit card debt and student loans within the year, especially if we don’t sell the house for a profit. Unfortunately my ccs have been carrying me, but I didn’t ask to be laid off. And as I’ve stated, you can delay paying off cc complete, but your mortgage needs to be paid with cash. We pay all our bills on time. + +My SO struggled with addiction and racked up ccs without my knowledge. He’s been clean for 2 and a half years and I’m trying to help him dig himself out the hole. He makes anywhere from 40-55k. I handle all the money and try to make 2-3k in payments each month depending on how much he makes. + +12k is in 401k +47k is in index funds/Roth ira + +I rotate with about $3-5k in cash at all times because I don’t want to touch my investments. To clarify, I’m not waiting for the STOCK market to go down, I’m considering waiting for the housing market to level off. I don’t live in California, so it’s not entirely unlikely, but like others have stated, it’s also all speculation. The other option is to sell my current house and buy 5-7 min away from where I currently live to a “cheaper” area but the house is still $350k. And it would be closer to work. We bought our house for $220k brand new from the ground up and still owe $200k. We would net about $130k. Our new house would also be a brand new build. + +We have considered refinancing and taking out a HELOC, but a lump some of cash is just as enticing. It would prolly shave off $2-300 off of our mortgage which is $1550. + +Soooo if we sold I can just pay off the 8k in cc and 15k in student loans, rent in a cheaper area or put down on our forever home. + +Long term: +-Finish school. +-Destination wedding (I know people have strong opinions, but as we get older this may be the last time our friends and family can get together before life takes up all the time). Plus traveling is very important to us. +-stay in current home or buy our next forever home +-keep funding my index funds + +Thanks for all the comments and insights! Going to watch joker right now, but will continue reading the comments when I get a chance. + +Thanks for the my first gold!! +Since we are in a bull run (the big one?) I thought I might share some reflections. I’m seeing a lot of newcomers (welcome!) as well as some sophomore types with questions, ideas, admonitions, and the like. Pull up a chair, I've been around these parts for a while. And if anyone starts in with the "but yr account is only 2 years old" bullshit... come on, use your head. + +First off, as Ecclesiastes 1:9 states: +>What has been will be again, + +> what has been done will be done again; + +> there is nothing new under the sun. + + +Over the last 7 years I have seen all these questions about what to do, these statements of selling, and others commenting how stupid and ignorant anyone who sells “right now” must be. People have called me a fucking moron for daring to part with some of my bitcoin, or argued with me that I don’t understand what I did. They are sad people (jealous? myopic? entitled? I still don’t know what they are trying to prove.) + + +Secondly: I’m certain a number of you will not believe my story. That is your right. I will not provide tx-id’s or any other form of proof. I just ask that you look at my post history and ponder – either this guy made up a story several years ago and stuck to it, posting every so often between /r/bitcoin and /r/financialindependence for magic internet points or maybe he is telling the truth. Seriously; if you doubt my story look at the post history and see if that helps, if not… so be it. + +If you care about the deeper parts of my story, and the lively debates/admonitions/disbelievers check out my previous posts: + +[Short basics](https://www.reddit.com/r/Bitcoin/comments/bpxgyq/since_shit_is_cray_again_in_btc_land_i_sold/) + +[More details / 1 year retired reflections](https://www.reddit.com/r/financialindependence/comments/b2bfko/fire_1_year_in_a_few_reflections/) + +[2yr retired reflections]( https://www.reddit.com/r/financialindependence/comments/etgc2q/fire_2_years_in_a_few_more_reflections/) + +[Selling, Taxes, Coinbase]( https://www.reddit.com/r/Bitcoin/comments/fxho4v/stop_the_bullshit_if_you_sell_your_btc_on/) + + + + +**The story** + +I got into bitcoin back in 2013 or so, reading about it and really going down the rabbit hole. I am a scientist, and it is my nature to go deep on things of interest. One thing I learned in my graduate studies was “how to learn” (how to research). For you whippersnappers – that means more than Google and YouTube. So I learned, I read, I watched interviews, I set up a node, I mined shitcoins to understand how that worked (and traded them for bitcoin in the end.) Nobody I knew was into bitcoin, and nobody would listen to me about it. I tried to get my brother interested. I tried to get a tech friend interested. Both of them agreed it was “interesting” but not enough to acquire any bitcoin (this was around the time of bitcoin being just under $1k, before it dropped for several years post MtGox meltdown). So I carried on alone, with just the interwebs to console me. + +In 2017 when bitcoin hit $4,000 or so, I sold 40 - enough to pay off my mortgage and cover my original costs to acquire all my holdings (avg sale price $4320). If bitcoin ate shit and died, I had a good ride, and had a paid off house to boot. I think it was a week or two later that it was $8,000. Then soon after it almost hit $20k and started dropping. I didn’t panic, but I woke up in mid-December and my brain screamed “don’t be greedy” to me. I listened to my brain and sold 60 BTC at around $15.6k each. Additionally, as I had my coins on Coinbase, when they opened trading for BCH in late December I dumped them within the first hour for around $3550 each. When all was said and done I had made somewhere near 1.5M USD. + + +If you have questions about how much I paid in taxes, how I moved the money, if my bank gave a shit (spoiler: they did not) etc. it’s covered in [this post]( https://www.reddit.com/r/Bitcoin/comments/fxho4v/stop_the_bullshit_if_you_sell_your_btc_on/) with details asked in the comments. You also get to see people tell me I am wrong, so there’s that fun as well. + + +I kept the rest of my BTC, and watched the price shrink down over the next couple years. I wondered if I had made a mistake by not cashing out, missed my “big chance for maxxx profits” or whatever, but it didn’t really matter that much because a few months after I made the initial money and paid my taxes, **I fucking retired**. Yes, as of almost 3 years ago, I retired. It wasn’t only because of the bitcoin – I had saved money, had a 401k, and an IRA. I was on my way to a modest retirement somewhere in my 50’s or so if I wanted it, but then BOOM, I had a huge nest egg, a paid off house, other savings, and additional bitcoin for the future. Cool. kthxbye work world! + + +I have spent the last 3 years leisurely pursuing my own things like art and music, woodworking, collage, gardening along with sleeping in and lots of meditation and porch dwelling. There have been several small tragedies in my life since then (parents in poor health, for one) and so I have been able to tend to that more so than I could if I was working. Being retired has given me so many options and so much control over my life. I love it. + + +Some of you might be thinking something along the lines of - Now here we are…bitcoin is worth $40k so roughly speaking this guy (me) “lost out” so far on about 2.4M after taxes. There’s also the fact that if I had kept working these last 3 years I would have additional income/savings that I could have invested so let’s round up to 3M after taxes, assuming I sold the 100 BTC now and the BCH immediately (I’m not a fan, and actually am surprised it didn’t die). How do I feel about losing out on $3M (and counting)? Honestly, not particularly bad. + +Here’s the deal – when you get to a certain point in your net worth, where you can cover your costs for your lifestyle and more (and this number is different for everyone, for me I’m really chill, so no lambo interests) the money sort of converts itself into a score like on a video game. I can look back and think “oh man, 3 million fucking dollars more! Oh shit!” but do I lose sleep over it? No. Do I kick myself? Not really. My score is lower than it could have been… but in return, I got to help a friend die peacefully, I helped another friend pivot his business, I moved to a new city and bought a cool house (still own the old one as a rental, but maybe not for much longer), and I get to wake up every day and do exactly what I want to do (minus covid issues). It’s really nice to be out of the rat race. It suits me well. I know now that I could have made more - but at the time I had no clue, and there is something to be said for the comfort of the sure thing. + + +My base take is this – we only have so much time on this planet, and I’d like to maximize my control (vs. my wealth) as much as possible. It would be hard to imagine reliving the last 3 years with a full time job, and I don’t care to dwell on what might have been. I hit my retirement number (1.5x my number + remaining BTC) and GTFO of the system. That money has grown in the funds I put it into, and I never touch principle. My remaining bitcoin became and remain gravy and I plan on hodling until it doesn’t make sense anymore. My advice to all of you is to do your research, know your game plan for selling (I didn’t really have a solid one, honestly), be excellent to each other, and live that life. Ignore the noise – from nosy people in internet forums, from grouchy jealous jerkoffs, etc. This is your deal. + +I’m happy to answer any questions. Hope you found this interesting. +I'm going to college next year, and I was looking at house hacking as a viable early investment plan for myself. I have \~80k in cs:go skins I can cash out to around \~72-75k USD, as well as $20k saved up. My parents are willing to cosign, and I flip high-value domains for a good profit although it is not consistent income. + +Here's the problem. I will be going to college in cambridge, ma, and I want to buy a location near my college, but the options are extremely expensive. I want to take the risk and invest now rather than later, but I'm not sure if I'm being naive. Opinions? Thank you. +My father is a school bus driver for nearly 15 years. The school district just released a statement saying the school will be closed for over a month. My parents don’t have any emergency funds and this will really put them in a hard financial situation. We live in New York, so i imagine school closing indefinitely is a possibility. I believe he should be payed for his time off because it’s out of his control and he should have to fall back on bills because of this crisis, but what do I know. + +Thank you to anyone who takes the time out of their day to read and/or respond. +After a couple of f*ck-ups on the part of our local oncologist, the wife and I are seriously considering moving all our medical needs to Mayo Clinic and damn the extra costs - Mayo being the place most seem to espouse as the #1 place to go in the U.S.. Just wondering how many here have actually taken the Mayo plunge and what your experiences/feelings have been on the institution in comparison to other everyday medical facilities. How is it better, does it live up to its reputation, is it worth the extra travel/fees/time involved, etc.? + +Thank you! +The experts are not worried about Tether. If they were commiting fraud, Tether certainly went the extra mile to make it super transparent to all, including regulators, yet no problems have been found so far. Why panic? + https://steemit.com/cryptocurrency/@kjnk/what-the-experts-are-saying-about-tether +You do NOT need $25K to day trade. If this was the case, most newbie traders would not be trading. Research the PDT rule OR trade using a cash account. I keep reading in the comments "you need 25K to day trade" This is not a true blanket statement and It's confusing a lot of new traders. + Before anyone goes nuclear I will say that ETH is too damn expensive. But are the alternatives really so much better? + +Recent news about Cardano congestion shooting up around 90% and more, Polygon being borderline unresponsive during Sunflower popularity/incident, and AVAX fees getting sky high while network suffered congestion a few months ago. + +If these networks had the Ethereum levels of activitynon them, they wouldnt hold for long. Cardano has a handful of dapps and its already clogged? Same with Polygon. 1 dapp putting whole network on stop is really not what people would expect of the so called "next gen eth competitors." + +While I 100% agree that gas fees on Ethereum are absurd, I wonder if the alternatives that we have at the moment in top10 are going to solve that. All claim insane TPS and finality times, but when the shit gets real, the fees and network congestion go up to the sky. +&#x200B; + +[https:\/\/iborrowdesk.com\/report\/GME](https://preview.redd.it/g9i40d5wceg81.png?width=2406&format=png&auto=webp&s=e5c5eeafc31b244631cfb7a7302dd952a9b82bae) + +&#x200B; + +OG Apes might be more familiar with this site than newer Apes. It has been replaced by [https://gme.crazyawesomecompany.com/](https://gme.crazyawesomecompany.com/) for data in many regards. + +An interesting thing happens with iborrow. Occasionally, although they pull the data from IBKR and display it on the site, it doesn't get tracked in the graph that sits above the table. A glitch perhaps. + +There appears to not be any correlation over these gaps, other than it seems to happen where there are larger movements of % borrow fee. + +The data in the graph is only missing for the following dates (doesn't go back to the original sneeze as YTD - but I started noticing this as it went dark during the Jan run up): + +25th Feb +19th, 20th and 23rd April + +22nd October + +28th January '22 to now + +Why does this matter? Let's look what happens around those gaps- + +&#x200B; + +&#x200B; + +https://preview.redd.it/0kmg5717jeg81.png?width=2406&format=png&auto=webp&s=391c406efc34e3ec2b91a5cb3b9e5fb4d6405602 + +&#x200B; + +https://preview.redd.it/s81b6mbhheg81.png?width=748&format=png&auto=webp&s=a6b2baa0ef5ee6eec9f3ccd32fa7ee53921216ff + +&#x200B; + +https://preview.redd.it/m1nl71okheg81.png?width=512&format=png&auto=webp&s=360c40187a9765e3cfe90a6d48d790a8ea524592 + +https://preview.redd.it/4au94lljheg81.png?width=534&format=png&auto=webp&s=99ddfa2b7697df5459c983272ff1300b0ed67f58 + +&#x200B; + +It has always shown a **MASSIVE TREND REVERSAL**!!!!! AND IT'S HAPPENING NOW. + +&#x200B; + +https://preview.redd.it/hbmv3fhrheg81.png?width=532&format=png&auto=webp&s=19285324c19212a0a252158a880b385874121019 + +TO be clear - The guy who runs this I don't think is doing anything dodgy. It's just script. But it is picking up on an anomaly in the data that shows itself by not copying the information across into the live graph... + +Strap in. + +Edit 1: Added in the YTD image with the 'glitches' marked. +Edit 2: Spacing +Hi everyone, + +I just turned 18 which means I’m finally able to get a TFSA. I’ve been able to save up about 15k and I’m struggling to figure out how to go about investing my money to grow it at its best potential. Since I’m only 18, I can only put 6k into my TFSA which means I’ll have about 9k leftover. I also have a steady part time job with no bills right now. How do I go about this? Is it worth it to get a personal investing account as well and what would be the difference with the trades using my TFSA vs the personal account? What about RRSP? I don’t even know what that means right now. I’ve been researching as much as I can but it’s all confusing and I don’t have financially literate parents or anyone around me to help. I’m anxiously trying to get this sorted out so that I’m not wasting any time. Any help is greatly appreciated, thanks! +Any good ideas? + +Edit: just to add. +I own a house, I like it and don't want to move. I know it's current price on the market is overvalued. I am looking for a way to buy a put on my house... Or on housing market in general. +Its harder than it seams. Unfortunately, there is no publicly traded company that only do house flipping in Canada. That would be an easy short. +It must be combination of positions. +One way is to buy USD. Oil is also a factor but not like it was in 2008. Since than US became major producer of oil too. +But If boc raises interest rates faster than US, Cad might grow even stronger, but economy will suffer, jobs might dry... Drying jobs market might pull housing market down. + + +There is no simple answer. Does Canada has its own version of Michael Burry? So I can pile into Canadian Scion capital? +Going all in pre apple buy back shows insane confidence in his company. + +All his options for the poll was Apple and toilets. Apple going down. Spec is to go all in on GME without using his executive shares at all. + +When he took his stake in BBBY GameStop shot up. Meaning same basket. Meaning rehedge. Mean cycle reset. He knows end date and is going to fuck them in dry roll period where they’re completely unhedged. + +And we can still split and he can also buy up insane amounts with his apple holdings. + +We moon soon. + +HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL HODL + +Edit: rehashed his old sugar daddy tweet as well. Posted at 6:02. On 6/2 is proxy vote for him giving us stocks as dividends. Sugar daddy Cohen confirmed. + +Also both direct mentions of apple, not falling far from tree (buy backs, notorious as fuck for buy backs like 90B in buy backs in short term) they have been at a peak and proceeded to dump 8-12% in the short term following. + +YOOOOO +My MIL is practically destitute after a bad divorce 12 years ago but she might still own her house from back then. I really want to be able to help her out. + +Around 12 years ago my MIL thought she sold a house in .the UK. She bought it for £800,000 IN 2003. + +Her husband was the borrower, she was the owner. Only her name is on the title and deed and as far as the bank is concerned, she is the only name on both the account and on the lease. They are divorced but she got the house. + +In 2008, she sold the house and appointed a lawyer to handle the sale. She had some pretty severe depression and basically left it all to the lawyers. The lawyer did not give her any transfer paperwork, and held the capital made from the house in trust. She found it strange but ultimately brushed it off when he was dole-ing her out £10,000 a month for 5 to 8 months before saying all her money had run out. She has never seen the full balance or gotten a statement of account from this Trust. Further to this, the mortgage is still in her name. + +Here comes the interesting bit; after 13 years the lawyer has come out of the woodwork and has told her that the buyers are still waiting for the title to be in their name and she would need to sign an indemnity contract absolving him (the lawyer) to do what was necessary to have the title signed over. He also proceeded to pay her £2000 out of the 'kindness of his heart' for the trouble to get this paperwork transferred. She signed the document, got it ready to send then I heard about it and told her to wait. + +We read it again and it was a letter to discharge and reassign the deed. I advised her to not do anything and after talking with the bank they confirmed she is the title deed owner. + +The mortgage has been paid every month until 2018, when the last payment was due of £3,000. The bank said if it was paid off the deed would be fully hers. The house is going into foreclosure. From what we know nobody has been living there for the last 12 or so years. (We believe). + +The lawyer has dropped off the face of the earth after we made a vague question. The property is now worth probably £3,000,000. + +Does anybody have any take on this? We are talking to a few lawyers and bankers but only really learned a majority of this yesterday. + +Tldr: MIL is still on the deed of a house she never really reviewed payment for. Someone has been paying the mortgage but stopped before the last payment. House is going to foreclosure. + +Small update: We have confirmed that the house was never sold and the lawyer was the one paying off the mortgage. There has possibly been someone living in the house but may have now moved. + +*UPDATE 1* + +It has been confirmed by the bank that the title of the house is in her name and as far as the bank is concerned she has been paying her mortgage, sans the last payment (which is why it is in forclosure) now, from what the bank can tell, it was the lawyer who paid for the mortgage himself! + +But wait! There's more! + +The housing estate that takes care of the house has confirmed that there is a foreigner who has been living in the house about 6 months out of the year and as far as he is concerned, he is under the impression that he has bought the house. + +We are talking to multiple lawyers to figure out what on earth is going on but everyone is just as baffled as us about what the hell is going on! + +*UPDATE 2* + +So to start I thought I would add some details that are relevant and to answer common questions: +The property is in the UK however we are living in Canada. +My MIL is the only person on the deed, her husband was never on it as he was trying to avoid fees in the past as he was not a citizen. +The house is in whats considered an exclusive gated community with its own form of property management (think country club vibes). +MIL was left depressed, with no will to live and destitute after the divorce and had appointed a conveyancer to help her sell the property to pay for my wife's education in Canada at the time. Further to this, this solicitor happens to have also represented the so called buyer at the time too. +My MIL has never received any form of paperwork and found it strange but she didn't question this solicitor because of the nasty divorce. +She was only paid out £80,000 pounds for the 'sale' of her house. + +The update: +So we spent the whole night between myself, my wife and my MIL to call everyone from the bank, solicitors as well as the deed office, resort management and government officials. Just preface, we have talked to lawyers who will be assisting us on this case, however, we love a good mystery as much as you guys and love your feedback and input. + +The Mortgage & Deed: +We have confirmed with the bank and the land title office that MIL is the only person on the deed and as far as the bank is concerned, monthly payments were made by my mother up until 2018 when the final mortgage payment of £10,000 payment was not made. After some digging, the bank officer was able to confirm that it was in fact the same conveyancer/solicitor that paid for the mortgage monthly without fail all those years. They also confirmed that as soon as the final £10,000 is paid (plus late fees and interest), the deed would be reassigned to MIL as she is the rightful buyer. We also asked the bank if they would ever ask a lawyer for a reassignment/authorization letter to be given to the lawyer and they confirmed that they would never ask that. + +The Buyer: +We managed to get ahold of the secretary of the estate/resort thingy who still remembers MIL and was eager to help. She confirmed that there is a person living in the house (the same man who MIL initially thought she sold to) and even though he is only there 6 months out of the year, he has consistently lived there these past 13 years. In true secretary gossip fashion, she confirmed that the guy always says he owns the place, however, whenever the manager asks for a copy of his purchase or some form of proof that he did indeed buy the house, he has somehow managed to skirt providing that. + +House Value: +After speaking to the secretary, she confirmed that due to recent surveying and a new addition of a man made lake, MIL house has skyrocketed in value. What she had initially bought for £800,000 is now worth a cool £5,000,000 minimum. + +The Asshole: +The lawyer/conveyancer has been frantically calling both the land title office as well as the bank since he only recently found out that the house is going into foreclosure. We have notified everyone that MIL is not signing anything and does not consent to any changes. We have set up a payment plan to get this house secured ASAP. + +Theories: + +Even though we do have solicitors starting to work on this, we have a few running theories. + +1. The Stupid Rich Buyer Scenario +Just to preface, the secretary told us this man likes to brag that he makes an excess of £30,000-£50,000 a day and likes to brag that its his 'side house'. Perhaps, he threw a chunk of change at the scummy lawyer and instead of paying out my MILs mortgage and settling the bill, the lawyer kept the money and paid my mother enough to seem believable and paid the mortgage monthly to keep up appearances thinking he would be able to get MIL to sign deed over eventually. + +2. They're All In On It Scenario +This buyer who bought the house is not a UK citizen and kanoodled with the lawyer to skirt the foreigner property ownership tax by keeping it in my MIL's name. They probably had a tit for tat and was hoping MIL's poor health or naivety would go in their favor. + +Our current plan is to get some money together to make the first payment on the mortgage (the bank said we only have to put £1500 down to start) to prevent the foreclosure. + +*UPDATE 3* + +So we have had a lawyer and a solicitor look at all the documentation we have and this is where we stand. + +We have without a doubt a house. The deed is entirely in her name. The lawyer never finalised the original sale. In the contract he was supposed to pay her within 3 months which he never did, he only ever paid her the deposit and we believe he banked the rest for himself. The buyer is living there right now under the assumption he has the deed. (Or he is aware and is in on it too). We found out that my MIL is technically bankrupt in the UK however after talking around as long as we can pay around £20,000 of old loans (this is a just a portion of what she owed after the divorce, but the bank said as long as they get something over nothing they well be satisfied) they will not go after the house. We have this in writing. + +Also a slight twist is that the lawyer who pulled this scam off is now a low level politician. +I agreed to a 35k retention bonus (25k net) that’s getting paid out soon. The terms are I have to stay with my company until June 2023. If I leave, I have to pay it back in full. + +I’m debt free other than my house. I’m 26 years old. + +I don’t want to be risky with this bonus and spend it all, but i also don’t want to have it losing value sitting in a bank account. What should I do with this large sum of money? +To my (limited) knowledge derivatives is simply speculation on what price level a given commodity will reach. Does society benefit from this in anyway? If not why do you allow it? To me it seems like an awful waste of capital. If the resources were invested in stocks they would undoubtedly do good for the society as a whole. Not to mention the amount of brainpower from some very smart people, that could otherwise be allocated to more productive activities. +To me derivatives seems as rent seeking without any productive purpose. Am I missing something? +If your mortgage is up for renewal and you're being offered a rate of say 5-10%, there would come a point where the interest savings of paying off the mortgage would more or less match the expected return on your investments right? + +So say a scenario where by fall next year (when my mortgage is up for renewal) mortgage rates are around 7-8%, I'm thinking we would be better off cashing out our TFSAs to pay off the mortgage, and then just re-mortgaging the house if interest rates get lower in the coming years? + +Obviously I will do a more detailed evaluation when the time comes but just wondering what others think and if anyone has looked at similar tradeoffs. +[https://www.theverge.com/2019/3/11/18259580/tesla-price-hike-stores-reversal](https://www.theverge.com/2019/3/11/18259580/tesla-price-hike-stores-reversal) +I've spent quite a lot of time studying and modeling various hedging strategies to provide good downside protection against market crashes with the lowest possible cost. A couple weeks ago I think I finally found what I think is the best answer: long HYG puts. HYG is a corporate junk bond ETF. As a bond ETF, the volatility is typically very low (like \~7% IV) and this makes slightly OTM puts extremely cheap, especially when overall market volatility is low. But as a corporate bond ETF, it sharply tanks during times of credit crisis since the risk of default goes way up. You can see this mean divergence behavior on the attached chart. + +[HYG price history since 2007](https://preview.redd.it/1lla9puno0081.png?width=2910&format=png&auto=webp&s=671cfdc6d3784b0a21a696da1fe9b02d00f7cf83) + +This makes it an ideal candidate for black-swan hedges by buying OTM long puts on a monthly basis. And I'm not the only one who thinks so -- look at the MASSIVE open interest on OTM puts: + +&#x200B; + +https://preview.redd.it/vjptkvudp0081.png?width=1530&format=png&auto=webp&s=e988c10ad41e1742c4d06a25e619f0c31772f20f + +Anyways, hope this is helpful! +Interested to know from some of you, because when me and my husband sit down and try to work out how to make this possible, it seems he would need a £40-45k a year salary? Just seems crazy. +I am currently a full time college student interning at a computer company of sorts making on average $350 a week until mid August. I have around $1000 in savings as of right now, and a car I could easily sell for around $30,000 if the need arose. I am very excited to be a father, but I am also terrified at the thought of not being able to support my child. Does anyone have any advice for me? My girlfriend is a waiter who makes around $35,000 a year for a little more info. We are sticking through this together. +Edit: Thank you all for your encouraging words and sound advice. +Edit 2: My inbox has been blown up, I cannot put into words how much I appreciate all the advice and words of encouragement you all have given me. It means much more to me right now than you can imagine. +Hello all. I, a total novice, layman, and idiot, have recently been taking a look at real wages here in the UK. I noticed that "real median earnings" are usually what is being measured and I've reached an understanding of why that might be, but I have no idea if my understanding is correct or not. I'm gonna write out what I think in total ELI5-style layman's terms in the hope of communicating as clearly as possible; could someone let me know whether I'm right and where I'm wrong? I'm ignoring imports, exports, savings, investments, and waste, in my examples for simplicity: please do tell me the ways in which those change or invalidate my points. + +So, we want to find out how much people in the UK are being paid. However if we were to look into the average income of everybody in the UK that wouldn't tell us much. This is because money only has value in relation to the goods and services it can be used to purchase. If everyone's income was uniformly doubled, but there was no increase in the production of goods and services, the price of goods and services would simply double as well (inflation). + +Therefore, we try and measure **real** earnings, as opposed to nominal earnings. Real earnings are deflated according to CPI/CPIH in order to tell us whether earnings have increased *in relation to the price of goods/services/property*. We can accurately tell whether the mean-average spending power of a UK citizen has increased or decreased by seeing whether he/she can now buy more loaves of bread etc. than he/she previously could. However, this causes another problem: the only way this spending power can have increased is if more loaves of bread are now being produced (or imported, but again I'm ignoring that :/). If everyone's ability to purchase goods and services has increased, that must be because the number of goods and services available has increased; if not, like I said above, prices would just increase proportionally to the increase in earnings. As a result, what we're really measuring here is GDP per capita: we're measuring how much our production as an economy increased, which is a good thing to measure, but it's not really what we were shooting for. In theory, an economy could increase its production without those increases "trickling down" to the working classes. Therefore, real earnings aren't necessarily a very good measure of how much average people are making, which is what we're trying to measure. + +This is why we find the **median** real earnings. We find the average Joe/Jane Shmoe and calculate whether *their* real earnings has increased. This way, we can find whether the average person is doing better off than they were. + +However, doesn't this just create a new problem? If we assume, as I have been assuming, that consumption and production are more or less equal (again, ignoring savings, investment, exports, imports, and waste :/), then an increase in any group's real earnings must occur at the detriment of another group's real earnings. If we're not measuring an increase in production, and the median average people of the UK are making more money in relation to the goods/services being produced, then some other groups must be making less money in relation to the goods/services being produced. Money only has value in relation to its purchasing power, so giving one group more money would diminish the value of the earnings of the other groups. + +If this is true, it would be possible to increase the UK's median real earnings while actually disadvantaging the majority of the working classes. If an economy increased the real earnings of its top 51%, the median real earnings would increase, but the 49% poorest people in the economy would be economically worse off. This is why it's important to keep an eye on other factors, like the minimum wage and its distance from a living wage. By itself, median real earnings don't tell us very much. All they tells us is whether a certain, very narrow, band of people are better off than they were before. + +That's my thought process. Please tell me a) whether I'm wrong, and b) whether I'm technically right as long as you grant me my assumptions, but those assumptions just oversimplified the situation to the point that all my conclusions are useless in practical terms. + +If anyone gets back to me, thanks a bunch! Looking forward to hearing back. +P/E 4.2 +Div 3.48% + +Debt is coming under control and revenue is increasing. Good price to book. Raising dividend and purchasing shares back. Trading close to pre-pandemic levels. + +Used car prices coming down will challenge their revenue. + +I see a lot of good and just a little bad. I'm looking for s convincing bear case +VIC needs you to submit a write-up to get accepted into their club, otherwise you can only see posts 45 days old. If you've been accepted to VIC, could you comment on how top-notch a write-up has to be to get accepted to the club. 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